After a brief hiatus in the final weeks of December 2023, alternative cryptocurrencies, commonly referred to as altcoins, commenced 2024 with a deceleration, creating potential opportunities for ‘buying the dip’ in the initial month of the new year. Let’s take a look at the 5 best altcoins to buy in January 2024.
As of now, the Celestia price stands at $ 14.36, accompanied by a 24-hour trading volume of $ 892.85M. The market capitalization of Celestia is $ 2.23B, with a market dominance of 0.13%. Over the last 24 hours, the TIA price has experienced a notable increase of 19.65%.
Celestia achieved its peak value on December 24, 2023, reaching an all-time high of $ 15.20. Following its all-time high, the lowest price observed was $ 9.39 (cycle low), and the highest TIA price since the last cycle low was $ 14.69 (cycle high). Presently, the sentiment for Celestia’s price prediction is bullish, with the Fear & Greed Index indicating a score of 68 (Greed).
The circulating supply of Celestia’s native token (TIA) currently stands at 155.07 million. Trading near its cycle high, TIA exhibits strong liquidity derived from its impressive market capitalization, enhancing favorable trading conditions for investors.
Arbitrum (ARB)
Arbitrum is priced at $ 1.890438 today, boasting a 24-hour trading volume of $ 3.73B, a market cap of $ 2.41B, and a market dominance of 0.14%. Notably, ARB has surged by 4.98% in the last 24 hours. Its highest recorded value was on Mar 23, 2023, reaching $ 8.67, while the lowest, $ 0.744259, occurred on Sep 11, 2023. Currently, the price prediction sentiment is bullish, with the Fear & Greed Index at 68 (Greed). The circulating supply of Arbitrum stands at 1.28B ARB.
ARBITRUM (ARB) is displaying a robust bullish trend, consistently trading above its 200-day simple moving average. With 16 green days in the last 30 days (53%), the coin indicates strong positive momentum. This, coupled with high liquidity based on its significant market cap, paints a favorable outlook for ARB’s near future. Investors may find confidence in the coin’s resilient market dynamics and positive recent performance.
Solana (SOL)
Solana (SOL) is currently priced at $ 99.80, with a 24-hour trading volume of $ 7.21B and a market cap of $ 42.94B, holding a market dominance of 2.58%. In the last 24 hours, SOL has seen a 2.27% price increase. While reaching an all-time high of $ 259.52 on Nov 6, 2021, its all-time low was $ 0.503701 on May 11, 2020.
Presently trading at $ 99.80, Solana’s current price is above its all-time low but below its all-time high. The Fear & Greed Index indicates a sentiment of 68 (Greed), and Solana’s circulating supply is 430.23M SOL out of a max supply of 533.68M SOL. With a yearly supply inflation rate of 18.55%, Solana ranks high in the Proof-of-Stake Coins, Solana Network, and Layer 1 sectors.
Solana (SOL) has surged by an impressive 639% in the past year, outperforming 93% of the top 100 cryptocurrencies. This stellar performance extends beyond Bitcoin and Ethereum. Maintaining its position above the 200-day simple moving average, SOL exhibits sustained positive momentum.
Notably, it has consistently shown a bullish trend with 16 green days in the last 30, constituting 53% of the observed period. Furthermore, SOL’s positive performance relative to its token sale price makes it an attractive investment. Bolstering its appeal is high liquidity driven by a substantial market cap. These combined factors paint a promising outlook for Solana in the near term.
Hivemapper (HONEY)
Hivemapper (HONEY) is currently valued at $ 0.223655, boasting a 24-hour trading volume of $ 1.46M and a market cap of $ 102.43M, with a market dominance of 0.01%. Notably, the HONEY price has surged by an impressive 88.68% in the last 24 hours. While Hivemapper achieved its all-time high of $ 0.367103 on Dec 12, 2023, its all-time low was recorded at $ 0.001596 on May 23, 2023. Since its all-time high, the lowest price observed was $ 0.107678 (cycle low), and the highest HONEY price since the last cycle low was $ 0.248938 (cycle high).
Presently, the sentiment for Hivemapper’s price prediction is neutral, while the Fear & Greed Index indicates a score of 68 (Greed). The circulating supply of HONEY stands at 457.99M out of a max supply of 10.00B HONEY. These metrics provide insights into Hivemapper’s current market position and its recent price dynamics.
Hivemapper (HONEY) maintains a positive trend, currently trading above its 200-day simple moving average. Over the past 30 days, the coin has experienced 15 green days, constituting 50% of the observed period. These indicators suggest a sustained positive momentum and a balanced market sentiment for Hivemapper.
Sei (SEI)
Sei (SEI) is currently priced at $ 0.810000, boasting a 24-hour trading volume of $ 2.38B and a market cap of $ 1.86B, with a market dominance of 0.11%. Over the last 24 hours, SEI has experienced a notable 7.49% increase in its price. While reaching its all-time high of $ 0.879800 on Jan 3, 2024, Sei’s all-time low is currently unreported (“n/a”). The lowest price since its all-time high was $ 0.752195 (cycle low), and the highest SEI price since the last cycle low was $ 0.818966 (cycle high).
Presently, the sentiment for Sei’s price prediction is bullish, while the Fear & Greed Index indicates a score of 68 (Greed). The circulating supply of SEI stands at 2.30B out of a max supply of 10.00B. In terms of market cap rankings, Sei holds the 10th position in the Proof-of-Stake Coins sector and the 25th position in the Layer 1 sector, highlighting its current standing within the cryptocurrency market.
Sei (SEI) has demonstrated a robust market performance with 17 green days in the last 30, representing a 57% positive trend. Currently, the coin is trading near its cycle high, indicating sustained positive momentum and potential for continued growth.
SEI benefits from high liquidity driven by its substantial market capitalization, contributing to a favorable trading environment for investors. These factors collectively position Sei as an asset with both strength in recent performance and the potential for ongoing positive market dynamics.