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3 cryptocurrencies under $0.10 to buy next week

Release: 2023/09/29 20:08 Reading: 488

Original author:TheBitTimes

Original source:https://coinmarketcap.com/community/articles/6516abd5cae38c1673239abe

Amidst the ongoing volatility in the cryptocurrency market, a unique opportunity emerges for investors seeking promising entry points. 

A select group of cryptocurrencies, currently trading at prices below $0.10, are catching the eye of market observers. 

These digital assets boast strong fundamentals and benefit from active and supportive communities. In this context, Finbold has pinpointed 3 such cryptocurrencies that may hold significant appeal for investors.

Kaspa (KAS)

Kaspa (KAS) is a blockchain that acts as a decentralized and highly scalable protocol, with a particular focus on increasing throughput, minimizing transaction fees, and making transactions more secure. 

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Earlier in the month, Kaspa team rolled out a major upgrade to its mempool design, boosting transaction efficiency considerably. In particular, a single node was allegedly capable of processing 1.4 million transactions during the testing phase.

On September 28, crypto expert Michaël van de Poppe analyzed Kaspa’s chart, saying the altcoin “looks ready for a new leg up.”

“If that happens, my targets are $0.068. Crucial to flip? The $0.049 area. If markets are showing weakness, I’d be interested between $0.036-0.04.”

– Poppe noted.

KAS’s price soared by a whopping 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% green days in the last 30.

KAS was changing hands at $0.05 at the time of publication, up 1.5% on the day, 5.2% over the past week, and more than 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 offer access to infrastructure for publishers and advertisers. 

The cryptocurrency rallied 14% over the past year, outperforming 77% of the top 100 cryptocurrencies during that period, according to CoinCodex data. VRA also has high liquidity based on its current market cap, which stands at $44 million. 

Meanwhile, Poppe expects VRA to see a significant retracement to the zone around $0.003. However, if the token holds its ground in this area, “I’ll be expecting a renewed rally towards $0.01,” the expert added.

The crypto asset was sitting at $0.004 at the time of writing, up 11.3% in the past 24 hours, 9.4% on the week, and 2.7% across 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 look past. 

The cryptocurrency attracted significant attention earlier this year after rumors emerged that DOGE may become a payment processor for X.com (formerly Twitter), given Elon Musk’s love for the coin. 

From the price performance perspective, DOGE remained in a relatively narrow trading range over the past few weeks. However, the volatility in Dogecoin declined significantly, making it one of the most stable cryptocurrencies in the market.

Notably, DOGE’s annualized 30-day realized volatility fell to 30%, even lower than Bitcoin’s 35%. This metric is calculated as the standard deviation of the daily percentage change in cryptocurrency’s price over a specific period of time. 

Meanwhile, although the meme-inspired asset had just 11 green days in the past 30, it is still outperforming 74% of the top 100 cryptocurrencies in 1 year and has high liquidity based on its market cap, per CoinCodex data.

DOGE was trading at $0.06, up 1.48% in the past 24 hours, while losing around 1.8% on the monthly chart.

While these highlighted cryptocurrencies remain attractively priced compared to their previous highs, their robust fundamentals could potentially drive significant price appreciation.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

Source: https://thebittimes.com/3-cryptocurrencies-under-0-10-to-buy-next-week-tbt64496.html

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