Promising Cryptocurrencies Below $0.10: Investment Opportunities Amidst Market Volatility
Crypto News – Amidst the volatility in the cryptocurrency market, a unique opportunity is emerging for investors seeking promising entry points.
A select group of cryptocurrencies, currently trading below $0.10, has caught the attention of market observers.
These digital assets possess strong fundamentals and benefit from active, supportive communities. In this context, Finbold has identified three such cryptocurrencies that may hold significant appeal for investors.
Kaspa (KAS)
Kaspa (KAS) is a blockchain that serves as a decentralized and highly scalable protocol, with a specific focus on increasing throughput, minimizing transaction fees, and enhancing transaction security.
Earlier this month, the Kaspa team implemented a major upgrade to its mempool design, significantly boosting transaction efficiency. Notably, during the testing phase, a single node was reportedly capable of processing 1.4 million transactions.
On September 28, cryptocurrency expert Michaël van de Poppe analyzed Kaspa’s chart, stating that the altcoin “appears ready for a new upward movement.”
“If that occurs, my targets are $0.068. Crucial to the flip? The $0.049 area. If the markets show weakness, I would be interested between $0.036-0.04,” Poppe noted.
KAS’s price saw a remarkable increase of 1.256% in the last year, outperforming 98% of the top 100 cryptocurrencies, including both Bitcoin (BTC) and Ethereum (ETH). The token is currently trading above the 200-day simple moving average (MA), with 16% of the last 30 days being in the green.
At the time of publication, KAS was trading at $0.05, marking a 1.5% increase for the day, 5.2% over the past week, and over 33% on the monthly chart.
Verasity (VRA)
Powered by artificial intelligence (AI), machine learning (ML), and blockchain technologies, Verasity (VRA) is an open-ledger ecosystem developed to combat advertising fraud and provide infrastructure access for publishers and advertisers.
The cryptocurrency rallied by 14% over the past year, outperforming 77% of the top 100 cryptocurrencies during that period, according to CoinCodex data. VRA also boasts high liquidity based on its current market cap, which stands at $44 million.
Meanwhile, Poppe anticipates VRA to experience a notable retracement to the zone around $0.003. However, if the token maintains its position in this area, “I’ll be expecting a renewed rally towards $0.01,” the expert added.
The crypto asset was valued at $0.004 at the time of writing, reflecting an 11.3% increase in the past 24 hours, 9.4% over the week, and 2.7% throughout the month.
Dogecoin (DOGE)
Unsurprisingly, the world’s largest meme coin, Dogecoin (DOGE), is among the top assets trading under $0.1 that investors should not overlook.
The cryptocurrency gained significant attention earlier this year due to rumors suggesting that DOGE might become a payment processor for X.com (formerly Twitter), given Elon Musk’s fondness for the coin.
In terms of price performance, DOGE remained within a relatively narrow trading range over the past few weeks. However, the volatility in Dogecoin significantly decreased, making it one of the most stable cryptocurrencies in the market.
Notably, DOGE’s annualized 30-day realized volatility dropped to 30%, even lower than Bitcoin’s 35%. This metric is calculated as the standard deviation of the daily percentage change in a cryptocurrency’s price over a specific period.
Furthermore, despite having just 11 green days in the past 30, this meme-inspired asset continues to outperform 74% of the top 100 cryptocurrencies over one year and exhibits high liquidity based on its market cap, according to CoinCodex data.
DOGE was trading at $0.06, representing a 1.48% increase in the past 24 hours, while experiencing a decrease of approximately 1.8% on the monthly chart.
While these highlighted cryptocurrencies are attractively priced compared to their previous highs, their robust fundamentals could potentially drive significant price appreciation.
1 Comment