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 looking forward to a potential rally as key elements such as Musk’s reported funding commitments to support DOGE’s development are strengthened. 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 includes Vechain working with artificial intelligence company SingularityNET (AGIX) to reduce carbon emissions. Collaborations with leading organizations and ongoing developments in its ecosystem point to 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 for cart: Chiliz (CHZ)
Chiliz (CHZ) operates as the link between sports and Blockchain by providing fan engagement and voting platforms specifically designed for sports teams and organizations. With a price of less than $0.10, CHZ appeals to sports enthusiasts and those who are interested in the convergence of sports with Blockchain technology. This appeal is further strengthened by ongoing development efforts to increase its use.
For example, cryptocoin.com As you follow from , the platform has 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 included collaboration with automotive giants Hyundai and Kia to develop a system to monitor carbon dioxide emissions.
The forthcoming solution aims to accurately record emissions data within both automotive companies and its network of partners. If this initiative is successful, it is possible that it will contribute to further adoption of Hedera Blockchain. Currently HBAR is worth 0.05 dollars. Also, his daily earnings are around 2%.
HBAR seven-day price chartLast altcoin with potential: Astar (ASTR)
Finally, Astar (ASTR), a crypto network that helps developers build decentralized applications (dApps) and layer two solutions by offering interoperable web 3.0 infrastructure, is among the assets that have witnessed positive gains recently.
These gains coincided with the platform launching Polkadot Relayers Incubator 2023, which aims to support the potential of startup and early-stage Blockchain developers at Polkadot (DOT). Such partnerships are an important component in triggering a potential price rally. Over the past seven days, the altcoin has gained about 4%. Thus, it was trading at $0.06 at press time.
ASTR seven-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.
