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This report identifies cryptocurrencies priced below $0.3 that are worth monitoring for strategic positioning in the unfolding crypto bull market.
As Bitcoin surges past the $40,000 mark for the first time in almost two years, the altcoin market is quickly catching up, mirroring the momentum of the Bitcoin-led rally. Already, numerous digital assets are experiencing comparable bullish gains.
Shiba Inu (SHIB)
Within the last week, Shiba Inu broke into the $0.00001 price range following a growth rate exceeding 22%. Interestingly, the last time Shiba Inu saw $0.00001 was more than 120 days ago.
In the last 24 hours, crypto market participants exchanged $312.84 million of Shiba Inu, putting its market valuation at $6 billion. With Bitcoin rallying to $44,000, Shiba Inu is fast mirroring the momentum, rewarding loyal investors.
While the circulating supply of Shiba Inu may pose limitations for certain investors, it is essential to acknowledge the concerted efforts by the Shiba Inu team to reduce the excess supply of SHIB.
Earlier, The Crypto Basic covered the completion of Shibarium’s inaugural hard fork to improve Shiba Inu burns. Furthermore, the team has been working on a burn mechanism to augment the quantity of SHIB tokens that can be burned via Shibarium.
VeChain (VET)
The VET token of the VeChain network is another below $0.3 digital asset that has been making waves recently. Per CoinMarketCap data, VET now trades at $0.02781 with a seven-day cumulative growth exceeding 23%.
VET token holds a notable position given that it is the native token of VeChain, which seeks to spearhead innovation within the logistics industry by utilizing the Internet of Things, blockchain technology, and smart contracts.
Notably, as of 2022, the global logistics market was valued at $7.98 trillion. Research indicates that the supply chain market is projected to reach an estimated $18.23 trillion by 2030, with VET poised for impact.
Chiliz (CHZ)
Like Shiba Inu and VET, Chiliz has also registered an over 20% gain in its cumulative one-week performance. This mid-cap crypto token is also poised for potential impact, given its position in the sports and entertainment realms.
CHZ currently sells at a discount of $0.09152 per token for investors seeking low-priced tokens for easy entry.
Oasis Network (ROSE)
Over the last 30 days, Oasis Network’s token has seen a growth rate of 31%, putting its price at $0.0861 from 0.06544.
The project’s technical contributor, Oasis Labs, has aligned with prominent entities such as Meta and BMW Group Genetica to develop platforms and products dedicated to advancing individual privacy protection, robust data governance, and the responsible use of data.
Hedera (HBAR)
This dApp-focused crypto project has recorded a significant crypto market share growth of 6.51% in the last 24 hours. Per CoinMarketCap data, HBAR’s market cap now sits at over $2.5 billion.
In parallel, the token now exchanges hands at $0.07565, representing a 22.68% uptick from the previous week’s value.
Hedera diverges from the conventional approach of most crypto platforms as it is not constructed atop a traditional blockchain. Instead, it introduces an innovative form of distributed ledger technology dubbed “Hashgraph.”
This unique technology enables Hedera to outperform many blockchain-based alternatives in speed, cost, and scalability. For instance, Hedera Hashgraph is reportedly capable of handling over 10,000 transactions per second.
Kaspa (KAS)
Per CoinMarketCap information, KAS has witnessed an outstanding 58.88% growth since November 12. As a result, the token now trades at $0.1285, with a market valuation of over $2.8 billion.
Kaspa stands out for its capacity to sustain elevated block rates without compromising the security characteristic of proof-of-work environments.