As the Sixth 30ย days of 2023 approaches, and the bulkย of the digitalย currency market is either swimming in the sea of red or recording modest profits at best, some digital assets may have failed to grab the attention of cryptocurrency traders and investors over their low cost per unit.
With this in mind, Finbold has analyzed the market to arrive at the list of the most promising digitalย currencies that (still) have a significantly low price threshold per wholecoin but should nonetheless find their way into everyoneโs shopping list in June 2023.
XRPย Rippleย (XRP) (XRP)
With the broadly publicized lawsuit betwixt theย Unitedย States Securities and Exchange Commission (SEC) and Ripple looking to conclude in the blockchainย tech companyโs favor, the cryptoย token at its center, XRPย Rippleย (XRP), mayย be in for a wholeย lotย of rally if this happens so this mayย be a good time to buy it at a low price.
Atย theย timeย ofย publication, the XRPย Rippleย (XRP) cryptoย token was changing hands at $0.46, down 1.47 percent in the past 24 hours but recording an increase of 1.29 percent across the previous 7 days, as opposed to losing 1.33 percent on its monthly chart, as per data retrieved by Finbold on May 24.
Cardanoย (ADA) (ADA)
Inย theย meantime, the team behind Cardanoย (ADA) has been hard at work developing the underlying proof-of-stake (PoS) blockchainย tech that powers peer-to-peer transactions and decentralized applications (dApps), likewise recording superb results in terms of transaction volume and count, active cryptocurrency wallets, whale accumulation, staking value, and smart contracts.
With a price of $0.37 apiece, recording a decline of 0.98 percent on the day and 0.05 percent across the week, as it fights to reverse the losses of 4.85 percent accumulated over lastย 30ย days, Cardanoย (ADA) remains a good bargain rightย now, with a potential for the price to increase.
TRON (TRX)
Simultaneously, TRON (TRX) has recently managed to (briefly) overshadow all other cryptocurrency assets in terms of social, market, and price activity as it reached the leading position on AltRank, the list of top 5,242 digitalย currencies that combines an assetโs social and market activity versus the rest of the cryptocurrency market.
Likewise being featured in Finboldโs list of top cryptocurrencies under $0.10 to buy in May, TRON is asย ofย now currentlyย worth the price of $0.08, down 1 percent inย theย previous day but writing down more notable profits of 9.88 percent in the pastย week and as much as 17.43 percent over the previous month.
Polygon (MATIC)
After announcing a substantial new upgrade of its network fee structure, zkEVM optimizations, and a 20 percent reduction in its transaction charges in the comingย weeks, Polygon (MATIC) canย potentially be looking at positiveย tendency price action as the companyโs team rolls out the developments.
Until these updates manage to trigger a more wholeย lotย of rally, Polygon is changing hands at the price of $0.87, which represents a decline of 1.23 percent over the last day but a 2.42 percent increase across the week, as the investment is attemptingย to reverse the 11.89 percent fall from its monthly chart.
Polkadotย (DOT) (DOT)
Afterย theย revelation of a major security gap in the Ledger cold storage, its previous users appearย to be moving away from it, and numerous canย potentially be choosing Polkadotย (DOT) and its Vault application โ a cold storage solution that allows users to transform their phones into an air-gapped wallet in airplane mode, potentially giving the blockchainโs cryptoย token a push in the near future.
For now, Polkadotย (DOT) is currentlyย worth the price of $5.30, demonstrating a loss of 1.43 percent in theย previousย day but a gain of 0.07 percent across the past 7 days as it attempts to reverse the 10.51 percent decline it has accumulated forย theย past month.
Conclusion
All things considered, the low price of a digital investment should never discourage a smart investor from at least giving it a Second look (and doing their own due diligence in terms of researching it before investing). As some of theย pastย few ( likewise very cheap) cryptocurrencies have demonstrated, a well-timed financing of severalย hundred dollars canย potentially even turnย one into a multi-millionaire.
Disclaimer: The content on this site should not be considered financing advice. Investing is speculative. Andย once investing, your financialย resources is at risk.
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