Although the majority of the cryptocurrency market is going through a bit of a rough patch in recent weeks that has seen even its largest asset by market capitalization – Bitcoin (BTC) – drop below the $26,000 threshold, some cryptocurrencies, available under a low price per wholecoin, are demonstrating strong potential.
In this context, Finbold has analyzed the crypto sector to arrive at the list of five most promising digital assets, which crypto traders and investors can (for the time being) purchase for as little as $1 apiece and would be a good idea to accumulate at this point.
Hedera (HBAR)
Grabbing the attention of the wider crypto crowd over its massive gains last week, Hedera (HBAR) is not slowing down. The native crypto of the decentralized public network using a consensus algorithm for fast and secure transactions has rallied thanks to the major carmaker partnerships and the Federal Reserve adding its micropayments platform to FedNow.
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Having demonstrated its resilience in a bearish market, Hedera is currently changing hands at the price of $0.064, up 1.82% in the last 24 hours and growing 16.81% across the previous 30 days despite losing 1.87% on its weekly chart, as per the latest data on August 21.
XDC Network (XDC)
Meanwhile, the native token of the enterprise-ready international trade and finance-focuses blockchain technology company XDC Network (XDC) has been climbing the ranks as one of the top gainers among cryptocurrencies and most trending projects, particularly thanks to the XDC-IMDA partnership, which provides XDC with practical, real-world use.
As things stand, XDC is presently trading at the price of $0.056, down 2.94% on the day and losing 9.09% over the previous week but still succeeding in accumulating a 12.85% gain across the past month, as the most recent charts demonstrate.
Shiba Inu (SHIB)
As for one of the most famous meme cryptocurrencies, Shiba Inu (SHIB), it has been recording declines in the past week but is still holding on to its monthly gains accumulated on the optimism and continuous work on its Layer 2 blockchain Shibarium, including the recent wallet update amid rising number of transactions.
At press time, the price of Shiba Inu stood at $0.000008099, recording a decline of 3.46% in the last 24 hours, as well as losing 22.49% on its weekly chart.
Astar (ASTR)
At the same time, the crypto asset of the Astar Foundation (ASTR) is recording gains on all of its charts after having announced the launch of its Polkadot Relayers Incubator 2023, which aims to strengthen the potential of start-up and early-stage blockchain developers on Polkadot (DOT).
As it happens, its gains include a daily increase of 0.8%, as well as a 0.84% advance over the past seven days and as much as a 35.5% growth in the last month, according to the latest chart information retrieved by Finbold on August 21.
XRP (XRP)
Last but not least is XRP (XRP), which has not made any impressive progress in the past week, but its very involved community is keeping an eye out for the final conclusion of the legal standoff between Ripple and the United States Securities and Exchange Commission (SEC) with a strong belief that the blockchain company would ultimately win and send XRP sky high.
On top of that, as many as eight countries are currently harnessing the power of decentralized, public blockchain, the XRP Ledger, for building their central bank digital currencies (CDBCs), and the interest in it could help the related crypto asset recover from its current price of $0.526, down 3.06% on the day, 15.97% across the week, and 31.32% in the last month.
Conclusion
All things considered, the above cryptocurrencies, still available at a low price threshold of under $1, have demonstrated strength amid market uncertainties that have pushed down even the largest digital assets. However, doing one’s own due diligence before devoting a large part of the portfolio to them this week is critical.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
