The first five months of 2023 have been nothing short of exhilarating in the world of cryptocurrencies. After a challenging year in 2022, major digital assets have staged an impressive rebound, revitalizing the market and reigniting investor optimism.
However, amidst this renewed vigor, it is fascinating to observe how the spotlight has also found its way to some lesser-known and more affordable cryptocurrencies.
As we approach June 2023, Finbold conducted a market analysis and hand-picked 5 cryptocurrencies priced below $0.10 that investors should keep an eye on.
Unsurprisingly, Pepe (PEPE), the new meme coin sensation, sits at the top of the list.
Inspired by ‘Pepe the Frog,’ this crypto token witnessed one of the most impressive price surges on record, with its gains reaching +5,000,000% at one point.
But the meme coin has dropped notably since reaching its peak of $0.00000431 on May 5. At press time, PEPE is changing hands at $0.00000142, down over 11% in the past week and more than 67% from its all-time high.
If you believe PEPE can pull off another meteoric rise, like last month, the current price could be a bargain. Remember, though, it is still a meme coin, meaning its price is mainly influenced by the hype on social media platforms and other online crypto communities.
Another cryptocurrency that’s been stealing the headlines in recent days is TRON (TRX). Issued by Justin Sun’s Tron Foundation, TRX has topped AltRank’s list of cryptocurrencies on May 24 – which combines an asset’s social and market activity against the rest of the crypto market.
At the time of writing, TRX is trading at $0.08, up around 0.19% on the day. Over the past week and month, the cryptocurrency gained 9.6% and 17.9%, respectively.
Stellar (XLM) has been among the favorite altcoins among crypto investors for a while now, due to its strong reputation as an established blockchain project.
The blockchain firm has recently forged a significant partnership with MoneyGram and the United Nations High Commissioner for Refugees (UNHCR) to provide financial aid to Ukrainian refugees affected by war through the utilization of Circle’s USD Coin (USDC).
At the time of publication, XLM was trading at $0.09, up around 0.3% in the past 24 hours. In the past month, the cryptocurrency lost around 6.7% and could be trading at a bargain price given its potential to rise on recent partnership deals.
VeChain (VET) is a blockchain-based platform focused on transparency, traceability, and immutability for supply chain data, enabling businesses to enhance efficiency, reduce counterfeiting, and improve product authenticity.
The project’s team announced that their recently-launched VeWorld mobile wallet would become a part of Apple’s TestFlight program.
At the time of writing, VET was changing hands at $0.02, up 1.86% in the past week. Over the past 30 days, though, the crypto declined more than 11%.
Hedera (HBAR) is popular among crypto investors due to its unique distributed ledger technology known as the Hedera Hashgraph. This technology offers high throughput, low fees, and robust security, making it attractive for various decentralized applications (dApps) and enterprise use cases.
After closing deals with tech giants like LG, Google, IBM, and Tata, members of the Hedera community are hoping that this growing corporate adoption could help propel HBAR’s price soon.
At the time of publication, HBAR stood at $0.06, up 0.28% on the day. Over the past month, the crypto token dropped almost 15%.
Overall, if the broader crypto market continues its 2023 rally, big players like Bitcoin (BTC) and Ethereum (ETH) are likely to push most other assets upwards, including those priced below $0.10.
Despite the rebound, many cryptocurrencies are still trading at attractive multi-year lows as a result of the market crash in 2022.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.