Bitcoin (BTC), which is currently trading much below its historic highs of 2021, is battling for a significant breakthrough in the constantly changing world of Cryptocurrencies. For crypto enthusiasts, this may appear to be a quiet period, but astute investors see it as a rare chance to buy promising currencies at a discount.
Having said that, on September 22, Finbold identified three cryptocurrencies that are now selling below $0.1 and that would be worth checking out in the coming week if and when the next bull cycle starts.
Having said that, on September 22, Finbold identified three cryptocurrencies that are now selling below $0.1 and that would be worth checking out in the coming week if and when the next bull cycle starts.
1. Dogecoin (DOGE)
Dogecoin (DOGE), which sprang to stardom during the 2021 Cryptocurrency market upswing, is still the most popular and significant meme coin worldwide.
More importantly, even after the market recovered from its 2022 lows, the cryptocurrency is still trading at a favorable entry price that is well below the $0.1 barrier.
Given that the meme-inspired commodity may soon become an official payment option at X.com (previously Twitter), as prior reports have suggested, this may ultimately turn out to be a rare opportunity for investors to acquire DOGE.
At the time of publication, DOGE was trading at $0.06, essentially unchanged from the previous day.
The cryptocurrency coin dropped more than 2.3% on the month and 0.4% during the previous week. But during the past year, it has outperformed 75% of the top 100 cryptocurrencies.
Source: CoinMarketCap
2.HEDERA(HBAR)
Hedera (HBAR), which has experienced a notable rise since the beginning of 2023 and is presently the 30th largest cryptocurrency by market value, continues to draw interest from cryptocurrency investors.
But this year's increase in HBAR is not without cause. Notably, Hedera, the blockchain initiative that created the currency, remains moving forward with important advancements and alliances, like its most recent partnerships with auto industry titans Kia and Hyundai.
The blockchain gained attention more recently when it announced plans to enter the stablecoin market head-on with the introduction of "Hedera "Stablecoin Studio" - "the all-in-one stablecoin configuration, issuance, and management toolkit tailored for web3 platforms, institutional issuers, enterprises, and payment providers alike" At the time of publication, HBAR was trading at $0.05, up 0.9% in the past 24 hours.
Source: CoinMarketCap
3. Kaspa(KAS)
Our third choice, meantime, is the Kaspa (KAS) blockchain, a decentralized and highly scalable protocol designed to address the flaws present in current blockchain networks.
It paves the way for efficient and secure transactions and the execution of smart contracts with an emphasis on attaining increased throughput, low transaction fees, and increased scalability.
Kaspa significantly improved its mempool design earlier this week, greatly enhancing transaction efficiency. Notably, during the testing phase, a single node handled 1.4 million transactions, well exceeding expectations.
At the time of writing, KAS was trading at $0.05, down 1.6% on the day. Despite being up more than 11% for the month, the cryptocurrency dropped 1.8% over the last week. In the past year, the token's price has soared by an astounding 999%, beating 99% of the top 100 crypto assets, including Bitcoin and Ethereum (ETH).
Source: CoinMarketCap
It is trading near to its cycle high and above its 200-day simple moving average (MA).
Although the discussed cryptocurrencies may currently be under pressure, the dynamic nature of the world of digital assets suggests that unforeseen developments are yet possible. On the other hand, it's crucial to keep in mind that crypto assets heavily rely on the general market sentiment, making it vital to monitor this when investing.
NFA!
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
