With the end of the fifth month of 2023 drawing near, the cryptocurrency sector has been struggling to maintain the gains it accrued since the year’s turn. However, some cryptocurrencies, which have fallen through the cracks over their low price per wholecoin, are demonstrating strong potential for success in the future.
In this context, Finbold has scoured the crypto market to find the most promising digital markets that crypto traders and investors can (for the time being) obtain for as little as $1 apiece and which should find their way into everyone’s shopping list in June 2023.
TRON (TRX)
After earlier (briefly) eclipsing all other cryptocurrencies in the market and social activity, TRON (TRX) has announced a partnership with a blockchain data and research provider, Nansen, to offer in-depth insights about TRON user activity, helping the price of its native token to recover after the sideways trend from the previous weeks.
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Indeed, TRON was at press time changing hands at the price of $0.08, recording an 8.94% gain over the previous seven days and advancing 16.10% in the past month, despite losing 0.48% in the last 24 hours, as per the latest data retrieved on May 26.
IOTA (MIOTA)
At the same time, IOTA (MIOTA) has grabbed headlines over the launch of its search engine Xayn that is looking to compete against giants such as Google (NASDAQ: GOOG), and its executives entering into talks with leaders of the United Arab Emirates (UAE) on potential billion-dollar deals toward facilitating the country’s digital transformation.
As things stand, IOTA is currently trading at the price of $0.19, up 2.82% on the day and gaining 7.24% across the week, as it tries to reverse the losses of 3.85% accrued over the past month, as the most recent charts demonstrate.
Casper (CSPR)
Although it was followed by a few dips, Casper (CSPR) recorded significant growth in price in the weeks following the release of its new crypto wallet in mid-April, demonstrating the digital asset’s capability for gains in response to the positive developments around its network.
At the time of publication, the price of Casper stood at $0.05, recording a daily increase of 4.09%, as well as advancing 3.45% over the past week, regardless of the losses of 8.13% on its monthly chart, according to the data retrieved by Finbold.
Polygon (MATIC)
Meanwhile, the team behind Polygon (MATIC) has been hard at work, announcing zkEVM optimizations, a major upgrade of its network fee organization, and a 20% cut in its transaction fees to roll out over the following weeks, in addition to the blockchain reaching a historically significant number of new MATIC addresses created daily.
Currently, Polygon is trading at $0.90, which represents a 2.11% increase over the previous day and a 2.51% gain on its weekly chart, as the MATIC token is moving against the 11.42% decline from the past month, as per the latest data.
SingularityNET (AGIX)
Finally, SingularityNET (AGIX), which offers artificial intelligence (AI) services on its decentralized platform, has recently gotten under the crypto limelight over its Ambassador Program receiving a monthly budget of 62,500 AGIX distributed to ambassadors as rewards.
As of May 26, SingularityNET trades at the price of $0.27, recording an increase of 6.60% on the day, as well as gaining 1.62% across the past week, while, on the other hand, declining 23.95% during the past 30 days, according to the chart information.
Conclusion
Ultimately, it goes without saying that just because an asset has a low price threshold, it should not make it any less attractive to a prospective investor. However, everything boils down to one’s preferences, go-to strategy, detailed research, and careful weighing of the potential cryptocurrencies’ advantages and disadvantages.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
