As the current week nears its conclusion with the cryptocurrency market in the state of cautious recovery from the recent losses, some of its assets, still available at a low price threshold of under $0.10 per wholecoin, might be a good investment in the week to come.
In this context, Finbold has scoured the cryptoverse to deliver the list of three digital currencies that are currently trading at the price below just ten cents apiece and which might represent some of the best purchase choices for crypto traders and investors next week.
#1 Shiba Inu (SHIB)
As the first on the list, Shiba Inu (SHIB) has recently formed a bullish flag pattern on its daily chart, which crypto expert Ali Martinez pointed out could potentially lead to another upward surge, as this classic continuation chart pattern signifies a consolidation period following a strong price increase.
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Currently, however, SHIB is changing hands at $0.00002275, which indicates a modest 0.25% loss in the last 24 hours while declining 10.55% across the previous seven days and accumulating a drop of 15.53% over the past month, according to the latest charts.
#2 IoTeX (IOTX)
Meanwhile, another renowned crypto expert, Michaël van de Poppe, has recommended IoTeX (IOTX), a native token of the eponymous EVM-compatible blockchain that employs a global team of more than 40 research scientists and engineers, as he earlier noted that the “altcoins momentum is on the horizon.”
For now, the price of IOTX stands at $0.05338, suggesting a gain of 0.60% on the day, as it moves to reverse the dip of 12.50% from over the past week and the amassed losses of 29.63% in the last 30 days, as per the most recent information retrieved by Finbold on May 3.
#3 SKALE (SKL)
Finally, van de Poppe has also earlier recommended SKALE (SKL), a token of the modular blockchain network promising to bring scalability to Ethereum (ETH) and which the crypto specialist recommended as an altcoin to “generate a 3X in BTC, with the lowest amount of risk.”
That said, at press time, SKL was trading at the price of $0.07321, having dropped 2.17% during the day, after declining 18.59% last week and making a more significant dive of 38.73% on its monthly chart, according to the latest data.
Conclusion
All things considered, accumulating the above cryptocurrencies under $0.10 might be a good idea for the upcoming week, but it is important to remember that things in this sector can sometimes make a sudden turn, so doing one’s own research is critical before investing in any of them.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
