The 1st 5 months of 2023 have been nothing short of exhilarating in the world of digitalย currencies. After a challenging year in 2022, major digital assets have staged an impressive rebound, revitalizing the market and reigniting investor optimism.ย
Nonetheless, amidst this renewed vigor, it is fascinating to observe how the spotlight has likewise found its way to some lesser-known and more economical cryptocurrencies.ย
As we approach June 2023, Finbold conducted a market analysis and hand-picked 5 digitalย currencies priced below $0.10 that investors should keep an eye on.
Pepe (PEPE)ย
Unsurprisingly, Pepe (PEPE), the new memeย cryptocurrency sensation, sits at the top of the list.ย
Motivatedย by โPepe the Frog,โ this cryptocurrency cryptoย token witnessed one of the most impressive price surges on record, with its profits reaching +5,000,000 percent at one point.ย
Onย theย otherย hand, the memeย cryptocurrency hasย decreased itโsย worthย notingย that since reaching its peak of $0.00000431 on May 5. Atย theย timeย ofย publication, PEPE is changing hands at $0.00000142, down over 11 percent in the lastย week and greaterย than 67 percent from its all-time high.ย
If you believe PEPE can pull off another meteoric boost, like theย previousย 30ย days, theย present price mayย be a bargain. Remember, though, it isย still a Memeย Coin coin, meaning itsย value is mainly influenced by the hype on social media platforms and other online cryptocurrency communities.ย
TRON (TRX)ย
Another digitalย currency thatโs been stealing the headlines in recent days is TRON (TRX). Announced by Justin Sunโs Tron Foundation, TRX has topped AltRankโs list of digitalย currencies on May 24 โ which combines an assetโs social and market activity against the rest of the cryptocurrency market.
Atย theย timeย ofย publication, TRX is currentlyย worth $0.08, up around 0.19 percent on the day. Inย theย previous week and 30ย days, the digitalย currency gained 9.6 percent and 17.9%, respectively.
Stellar (XLM)
Stellar (XLM) has been amongย the favorite cryptoย altcoins between cryptocurrencyย investors forย aย time now, owingย to its strong reputation as an established blockchainย tech project.ย
The blockchainย tech company has recently forged a wholeย lotย of partnership with MoneyGram and the United Nations High Commissioner for Refugees (UNHCR) to provide financial aid to Ukrainian refugees influenced by war through the utilization of Circleโs USD Coin (USDC).
Atย pressย time, XLM was currentlyย worth $0.09, up around 0.3 percent in the past 24 hours. In the past 30ย days, the digitalย currency lost around 6.7 percent and mayย be currentlyย worth a bargain price given itsย probability to boost on recent partnership deals.ย
VeChain (VET)
VeChain (VET) is a blockchain-based platform focused on transparency, traceability, and immutability for supply chain data, enabling enterprises to strengthen efficiency, reduce counterfeiting, and makeย better product authenticity.
The projectโs team announced that their recently-launched VeWorld mobile wallet would become a part of Appleโs TestFlight program.
Atย theย timeย ofย publication, VET was changing hands at $0.02, up 1.86 percent in the lastย week. Inย theย previous 30ย days, though, the cryptocurrency declined greaterย than 11%.ย
Hedera (HBAR)
Hedera (HBAR) is trending between cryptocurrencyย investors owingย to its unique distributed ledger technology known as the Hedera Hashgraph. This technology offers high throughput, minimalย charges, and robust security, making it attractive for numerous decentralized applications (dApps) and enterprise use cases.
After closing deals with tech giants like LG, Google, IBM, and Tata, members of the Hedera community are hoping that this growing corporate adoption could help propel HBARโs price soon.
Atย pressย time, HBAR stood at $0.06, up 0.28 percent on the day. Inย theย previous 30ย days, the cryptocurrency cryptoย token dropped almost 15%.ย
Inย general, if the broader cryptocurrencyย market continuesย its 2023 rally, big players like Bitcoinย (BTC) and Ethereumย (ETH) are likely to push most other assets upwards, including those priced below $0.10.ย
Regardlessย of the rebound, numerous digitalย currencies are still currentlyย worth attractive multi-year bottomย Line becauseย ofย the marketย tragedy in 2022.ย
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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