While the cryptocurrency market is experiencing turbulence, several cryptocurrencies are currently priced low, making them an attractive entry point. Some of these digital assets have strong fundamentals and are supported by a robust community.
In this regard, Finbold has identified five cryptocurrencies valued below $0.10 that present a compelling opportunity for investors to consider.
Dogecoin (DOGE) has established itself as a household name in the cryptocurrency world, propelled into the spotlight by its historic surge in 2021.
Trading below the $0.10 threshold, DOGE offers an accessible entry point, further bolstered by its active and dedicated community, as well as high-profile endorsements, notably from Tesla (NASDAQ: TSLA) CEO Elon Musk.
Notably, the Dogecoin community harbors expectations of a potential rally, driven by strengthening fundamentals such as reported funding commitments from Musk to support the cryptocurrency’s development.
By press time, DOGE was trading at $0.062, reflecting a marginal 1.5% decline in value over the past seven days.
VeChain (VET), a blockchain platform tailored for supply chain management and business processes, has been tracking the broader market sentiment in its recent trading performance.
However, its underlying fundamentals make it an enticing asset for potential investment.
VeChain has already established a significant presence across various industries and continues to form strategic partnerships poised to influence VET’s value positively.
One noteworthy partnership involves Vechain teaming up with the artificial Intelligence (AI) company SingularityNET (AGIX) to reduce carbon emissions. Collaborations with prominent enterprises and ongoing developments within its ecosystem signal substantial growth potential for Vechain.
By the time of writing, VET was priced at $0.02, reflecting a modest weekly decline of approximately 1%.
Chiliz (CHZ) operates as the link between sports and blockchain, providing fan engagement and voting platforms tailored for sports teams and organizations. With its price below the $0.10 mark, CHZ particularly appeals to sports enthusiasts and those intrigued by the convergence of blockchain technology and sports.
This appeal is further fortified by the ongoing development efforts to enhance its utility.
For instance, the platform has hinted at forthcoming upgrades to its smart contracts. The initial upgrade targets contracts, enabling factory contracts to be deployed without requiring whitelisting as deployers. The second upgrade concentrates on rectifying and enhancing staking pool contracts.
CHZ is trading at $0.06, experiencing marginal gains of 0.6% in value over the past 24 hours.
Hedera (HBAR) has consistently made headlines in cryptocurrency, primarily due to its notable network partnerships. However, the token’s market performance mirrors the overall crypto market trends.
One such significant partnership involved collaborations with automotive giants Hyundai and Kia, with the shared objective of developing a system for monitoring carbon dioxide emissions.
The forthcoming solution aims to accurately record emissions data within both automotive companies and their network of business partners. If this initiative proves successful, it can potentially drive increased adoption of the Hedera blockchain.
Currently, HBAR is valued at $0.05, demonstrating daily gains of nearly 2%.
Finally, Astar (ASTR), a crypto network that assists developers in building decentralized applications (dApps) and layer two solutions by offering interoperable web 3.0 infrastructure, is among the assets that have recently witnessed positive gains.
These gains have coincided with the platform’s launch of its Polkadot Relayers Incubator 2023, which aims to bolster the potential of the startup and early-stage blockchain developers on Polkadot (DOT).
Such partnerships are a key ingredient in triggering a potential price rally. In the last seven days, ASTR has seen an increase of nearly 4%, trading at $0.06 by press release.
Although the highlighted cryptocurrencies are still valued cheaply, they carry strong fundamentals likely to spur price growth. Additionally, their possible trajectory will likely depend on the general market sentiment.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.