Despite the majority of assets in the cryptocurrency market witnessing a slow start to the week, there are some that are demonstrating strength amid bearish sentiment and are currently still available under an affordable price threshold of $0.10 per wholecoin.
In this context, Finbold has scoured the cryptocurrency sphere for a list of several digital assets matching the above description, which demonstrate a higher potential than others to continue rallying in the future, and therefore represent an attractive investment opportunity in August.
One of the best performers in recent weeks is the meme crypto asset Dogecoin (DOGE), which received a strong bullish push from one of its most famous supporters, Elon Musk, the owner of Twitter, who recently replaced the social media platform’s iconic bird logo with a white X on a black background.
As a result, Dogecoin has recorded increases on all of its charts, gaining 0.57% in the last 24 hours, climbing by a more significant 13.27% across the previous seven days, and adding up to the 14.95% advance in the last month, and is currently trading at $0.078, according to the data on July 25.
XDC Network (XDC)
The next on the list is the decentralized app (dApp) development blockchain platform XDC Network (XDC), which has also witnessed bullish momentum with even more impressive gains than Dogecoin, coinciding with the project’s collaboration with the Japanese crypto trading firm SBI VC Trade for the WebX 2023 sponsorship.
Although the exact factors powering this run are not clear, other than the above partnership, XDC has made strides on all of the observed fronts, including a gain of 27.97% on the day, 74.24% over the past week, and as much as 85.83% in the last month, currently changing hands at $0.061.
At the same time, TRON (TRX) has found itself in the spotlight over a report indicating that multiple pro-ISIS (Islamic State of Iraq and Syria) networks in Afghanistan, Tajikistan, and Indonesia have utilized Tether (USDT) on the TRON network, including recruiting fighters in Afghanistan.
However, the controversy only seemed to strengthen TRX’s position in the crypto market, briefly pushing its price to above $0.092 as the report came out, after which it stabilized at $0.081, down 0.12% on the day but up 0.9% on the weekly chart, adding up to the monthly increase of 9.99%.
Meanwhile, the GHOSTDAG protocol-based proof-of-work (PoW) platform Kaspa (KAS) has been moving in an upward trajectory, possibly thanks to the widespread speculation and anticipation regarding the project’s potential smart contract integration, which has warranted increased chatter in the crypto sphere.
Despite Kaspa declining 3.48% on the day, the above expectations could have contributed to its weekly increase of 14.66%, as well as a much more notable 41.96% gain in the last month, currently trading at the price of $0.0367, as the charts indicate.
Casper Network (CSPR)
Finally, the token of the proof-of-stake (PoS) enterprise-centric public blockchain Casper Network (CSPR) has recently made a bullish breakout, ending up at the price target of $0.04, albeit slowing down and returning back to $0.038. Earlier, the company announced tokenizing and listing equity shares on the INX broken-dealer platform, as well as a major update to its wallet.
Meanwhile, Casper’s current price reflects a decrease of 3.14% in the last 24 hours and a slightly larger 7.9% loss to its value across the previous 30 days but still an increase of 5.30% in the past week, according to the most recent chart information retrieved by Finbold on July 25.
Indeed, the above crypto assets have shown the capability to remain strong when most others, including the flagship decentralized finance (DeFi) asset Bitcoin (BTC), are moving slowly. However, it is important to do one’s own research before investing, even at a low price threshold like $0.10.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.