Despite the current market mood, some projects are showing noticeable price increases and may reach new resistance levels in 2024. The three selected cryptocurrencies focused on reaching the $10 mark include:
The Filecoin (FIL) project meets the ever-growing demand for secure and cost-effective data storage. Its decentralized network provides an alternative to traditional cloud storage platforms, promising increased security, reduced costs and continued user control.
With increasing awareness of data privacy issues and the proliferation of Web3 applications, Filecoin's unique offering could push FIL to the $10 mark. The token is likely to receive support when the entire cryptocurrency market turns bullish.
In 2023, FIL showed convincing growth, but the latest downturn has had a negative impact on the token. Over the past seven days, the price of the token has dropped by 15%, and it is currently trading at $4.84. Restoring the $5 support level will be key to starting a bullish rally.
Lido DAO (LDO):
The Lido DAO (LDO) simplifies participation in Proof-of-Stake (PoS) blockchains such as Ethereum (ETH). By collecting funds from users, Lido allows everyone to receive rewards for staking without the technical difficulties associated with launching their own validator nodes.
This accessibility, combined with the growing influence of Lido in the Ethereum ecosystem, positions LDO as a potential leader in the DeFi space, which could lead to an increase in the price of its crypto asset.
At the moment, LDO is trading at $2.91 with a daily gain of about 7%. On the weekly chart, LDO decreased by more than 7%.
Arbitrum (ARB):
The leading Ethereum blockchain often faces overloads and high transaction fees. Arbitrum is a second-tier solution offering faster and cheaper transactions while maintaining the reliability of Ethereum.
As the activity in DeFi on Ethereum continues to grow, the ability of Arbitrum to solve scalability problems can attract a lot of users and contribute to the growth of demand for ARB.
ARB is currently trading at $1.66 with weekly losses of about 13%.
Despite all the listed factors contributing to the growth of these tokens to the $10 mark, the volatility of the crypto market can lead to both desired results and unexpected losses.
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