The crypto market is going through a tough time, with even the leading crypto Bitcoin falling below the $26,000 threshold. However, crypto analyst Ana Nicenko says that some altcoins show strong potential. In this context, the analyst shares the five most promising altcoin projects that can be bought for less than $1 and it would be a good idea to save at this point.
First on the list is Hedera (HBAR)
Hedera (HBAR), which has caught the attention of a wider crypto audience with its big gains last week, is not slowing down. As you follow on Kriptokoin.com, the decentralized public network’s native token, which uses a consensus algorithm for fast and secure transactions, has risen thanks to major automaker partnerships and the Federal Reserve’s addition of its micropayment platform to FedNow. Thus, the altcoin proved its resilience in the bearish market. HBAR is down 1.87% on its weekly chart, according to the latest data on August 21. Despite this, it has increased by 1.82% in the last 24 hours. Also, it is currently changing hands at $0.064, with growth of 16.81% in the previous 30 days.
HBAR 30-day price chartSecond-ranked altcoin XDC Network (XDC)
XDC Network is an enterprise-ready blockchain technology company focused on international trade and finance. Altcoin is rising in the rankings as one of the top earners among cryptocurrencies and trending projects. In this, the XDC-IMDA partnership, which provides practical, real-world use of the project, was especially effective. Currently, XDC is trading at $0.056. The token is down 2.94% on the day. It also lost 9.09% compared to the previous week. However, as the latest charts show, it managed to gain 12.85% last month.
XDC 30-day price chartPopular meme coin Shiba Inu (SHIB) is also on the list
As for one of the most famous meme-coins, the Shiba Inu (SHIB), it has recorded declines over the past week. However, the Tier-2 Blockchain still retains its monthly earnings accumulated by the continuous work on Shibarium. Meanwhile, in the middle of the last wallet update, the number of transactions is also increasing. According to press time, the price of the Shiba Inu is around $0.000008099. This marks a 3.46% drop in the last 24 hours. The altcoin also lost 22.49% on its weekly chart.
SHIB 30-day price chartWe continue the list with Astar Network (ASTR)
Primer (ASTR) has announced the launch of Polkadot Relayers Incubator 2023, which aims to leverage the potential of start-up and early-stage Blockchain developers at Polkadot (DOT). After this development, the altcoin is recording gains on all its charts. According to the latest data, ASTR’s earnings include a 0.8% daily increase, as well as a 0.84% advance over the past seven days and a 35.5% growth over the past month.
ASTR 30-day price chartLast-ranked altcoin Ripple (XRP)
Finally, there’s XRP, which hasn’t made impressive progress in the past week. But its very concerned community is following the final outcome of the legal stalemate between Ripple and the United States Securities and Exchange Commission (SEC) with a strong belief that the blockchain company will eventually win and send XRP to the sky.
On top of that, as many as eight countries are currently leveraging the power of the decentralized, public blockchain XRP Ledger to create their central bank digital currencies (CDBC). XRP is currently trading at $0.526. The token is down 3.06% on the day, 15.97% on the week and 31.32% in the last month. However, it is possible that the interest in the project is helping the altcoin price recover.
XRP 30-day price chartThe opinions and estimates in the article belong to the analyst and are not investment advice. We recommend that you do your own research before investing.
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