While the cryptocurrency market is experiencing turbulence, several altcoins are currently underpriced relative to their potential. This makes them an attractive entry point, according to analyst Justinas Baltrusaitis. Some of these crypto assets have strong fundamentals and solid community support. In this context, the analyst identified 5 altcoins valued below $0.10 that present an attractive opportunity for investors to consider.
Popular meme coin Dogecoin (DOGE) ranks first
Dogecoin (DOGE) has become a name in the cryptocurrency world, attracting attention with its historic rise in 2021. Trading below the $0.10 threshold, DOGE has an active and dedicated community. In addition, we should not forget the high-profile support of Tesla CEO Elon Musk. The Dogecoin community, in particular, is expecting a potential rally as fundamentals strengthen, such as Musk’s reported funding commitments to support DOGE’s development. As of press time, DOGE is trading at $0.062. Additionally, the altcoi experienced a marginal decline in value of 1.5% over the last seven days.
DOGE seven-day price chartSecond ranked altcoin: VeChain (VET)
VeChain (VET) is a Blockchain platform specifically designed for supply chain management and business processes. The altcoin is tracking broader market sentiment in its recent trading performance. However, its underlying fundamentals make it an attractive asset for potential investment. VeChain already has a significant presence in various industries. It also continues to build strategic partnerships that are poised to positively impact the value of VET.
One notable partnership involves Vechain working with artificial intelligence company SingularityNET (AGIX) to reduce carbon emissions. Collaborations with leading organizations and ongoing developments in its ecosystem indicate significant growth potential for Vechain. At the time of this writing, VET was trading at $0.02, down a modest weekly decline of about 1%.
VET seven-day price chartAnother candidate to throw in the cart: Chiliz (CHZ)
Chiliz (CHZ) operates as the connection between sports and Blockchain by providing fan engagement and voting platforms specifically designed for sports teams and organizations. With its price below $0.10, CHZ appeals especially to sports enthusiasts and those interested in the convergence of sports with Blockchain technology. This appeal is further strengthened by ongoing development efforts to increase its use.
For example, as you follow from Kriptokoin.com, the platform hinted at upcoming upgrades to its smart contracts. The first upgrade targets contracts that enable factory contracts to be distributed without requiring a whitelist as a distributor. The second upgrade focuses on fixing and improving staking pool contracts. The altcoin is trading at $0.06, experiencing a marginal gain of 0.6% in the last 24 hours.
CHZ seven-day price chartWe continue the list with Hedera (HBAR)
Hedera (HBAR) has consistently made headlines in the crypto space primarily due to its notable network partnerships. However, altcoin market performance reflects overall crypto market trends. One such key partnership involved collaboration with automotive giants Hyundai and Kia to develop a system for monitoring carbon dioxide emissions.
The upcoming solution aims to accurately record emissions data both within the automotive companies and their network of partners. If this initiative is successful, it is possible that it will contribute to the further adoption of Hedera Blockchain. Currently HBAR is worth 0.05 dollars. Moreover, his daily gain is around 2%.
HBAR seven-day price chartLast altcoin with potential: Astar (ASTR)
Finally, Astar (ASTR), a crypto network that helps developers create decentralized applications (dApps) and layer two solutions by providing interoperable web 3.0 infrastructure, is among the assets that have witnessed positive gains recently.
These gains coincide with the platform’s launch of the Polkadot Relayers Incubator 2023, which aims to support the potential of startup and early-stage blockchain developers at Polkadot (DOT). These types of partnerships are a key ingredient in triggering a potential price rally. Over the last seven days, the altcoin is up about 4%. Thus, it was trading at $0.06 as of press time.
ASTR seven-day price chartThe opinions and predictions in the article belong to the analyst and are definitely not investment advice. We strongly recommend that you do your own research before investing.
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