As the month of April is concluding, and most assets in the cryptocurrency sector are consolidating the gains they achieved since the year’s turn, some digital assets might have fallen through the cracks, failing to grab the attention of crypto traders and investors due to their low cost per unit.
In this context, Finbold has once again scoured the market to arrive at the list of several of the most promising cryptocurrencies that (still) have a very low number assigned to their price but should be included in everyone’s shopping list in May 2023.
One of the best-established blockchain projects, Stellar (XLM), and its Development Foundation have recently entered into a partnership with MoneyGram and the United Nations High Commissioner for Refugees (UNHCR) to enable Circle’s USD Coin (USDC) as financial assistance for war-displaced Ukrainian refugees.
At the same time, Stellar announced an important collaboration with a United States-based fund to expand its technology into the traditional finance markets, despite the price of XLM at press time not reflecting the company’s positive efforts. Indeed, it is currently trading at $0.09257, down 0.88% on the day and 11.05% across the week but gaining 1.32% in the last month.
Following several major partnerships in previous months, including those with Microsoft (NASDAQ: MSFT) and Tencent Cloud, the Web3 infrastructure and cross-chain staking decentralized finance (DeFi) platform Ankr (ANKR) continues to establish itself as one of the most renowned participants in the crypto market.
As things stand, Ankr is currently changing hands at the price of $0.03062, which demonstrates a decline of 1.13% in the last 24 hours, 14.99% over the previous seven days, as well as a 6.22% drop on its monthly chart, as per data retrieved on April 25.
Celer Network (CELR)
Celer Network (CELR), a platform for quick and cost-effective decentralized app (dApp) development, has recently announced the launch of the Brevis project that deploys zero-knowledge (ZK) technology for the attestation of omnichain data, meant to solve the existing problems of the Web2-based apps (among other use cases), and pushing Celer further into the limelight.
Currently, however, the price of CELR stands at $0.02276, losing 5.39% to its value during the last day, as well as 14.16% across the week and 18.49% in the previous month, following the generally bearish sentiment on the wider crypto market.
Shortly before it took on the role of a Platinum Sponsor at the non-fungible token (NFT) gathering NFT NYC 2023, TRON (TRX) announced a collaboration with Uquid, a Web3 platform for purchasing physical and digital products and services. This partnership promises to further ease the shopping experience on the platform, as well as set up TRX for possible price increases in the near future.
Meanwhile, TRON is changing hands at the price of $0.06585, down 0.51% on the day but recording an increase of 0.05% during the previous seven days, adding up to the 2.61% positive price change over the past 30 days, as charts demonstrate.
A prominent player in the crypto field, VeChain (VET) has recently launched a handy no-code Web3-as-a-Service platform VORJ, announced a partnership with the United Nations to assist in achieving the organization’s sustainable development goals (SDGs), and is exploring artificial intelligence (AI), promising a bright future for the price of VeChain’s native cryptocurrency.
Regardless of the positive developments, VET is feeling the pressure of the negative sentiment in the crypto sector, as it was at press time changing hands at $0.02179, down 0.25% on the day, 14.41% across the week, and 4.84% in the last 30 days.
All things considered, the low price of an asset should not discourage a wise investor from giving it some consideration. As in the recent example of Pepe (PEPE) cryptocurrency, which has soared on the wings of the Pepe the Frog meme’s popularity, a well-timed investment of a few hundred dollars has the chance to make one a millionaire.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.