thecryptobasic.com
In anticipation of the upcoming bull run, we have highlighted the top five crypto assets currently trading below $0.50 that you can invest in to make huge returns.
The recent correction recorded in the crypto market has presented yet another opportunity for investors to purchase various crypto assets at discounted prices. At the time of writing, the valuation of the global crypto market was down 3.1% over the past day to $1.44 trillion.
Over the past months, several crypto analysts have speculated that a bull run is imminent, with prices of various assets expected to skyrocket tremendously. According to these experts, the next bull run will peak after the highly-anticipated Bitcoin halving, an event scheduled to occur in April 2024.
With the prices of cryptos down following the recent correction, now could be the perfect time to purchase a few undervalued coins and tokens.
Top 5 Cryptos to Watch Under $0.5
In this article, we’ve highlighted the top 5 crypto assets that are currently trading below $0.5 but have the potential to multiply manifold in the bull run.
Cardano (ADA)
ADA is one of the most undervalued coins in the market. The coin is currently changing hands below $0.5 and is ranked among the top 10 largest crypto assets, with a market cap of $12.96 billion.
In September 2021, ADA hit an all-time high (ATH) of $3.09, according to CoinGecko data. However, many analysts are projecting that the asset could surpass the milestone in the upcoming bull market.
The rationale behind this forecast is due to the cryptocurrency team’s consistent developmental efforts, which have bolstered the coin’s adoption. At a current price of $0.37, ADA could be a good investment decision for the upcoming bull run.
Shiba Inu (SHIB)
Any crypto trader who joined the space in 2020 must have heard about the success story of Shiba Inu, especially how it turned average income earners into overnight millionaires.
SHIB is one of the popular tokens trading below $0.50. The coin surged massively to an ATH of $0.00008616 on October 28, 2021. However, SHIB has been on a downward trajectory like most tokens. Interestingly, many analysts have added SHIB among the cryptos that could experience a massive surge in the bull run. The cryptocurrency’s L2 blockchain and ongoing burn program are expected to be the major catalysts to propel the asset’s price.
Dogecoin (DOGE)
DOGE could become one of the top-performing assets in the upcoming bull run. Notably, the canine-themed token has been a major participant in previous bull runs.
Dogecoin has received major support from prominent American businessmen, including Elon Musk and Mark Cuban. Their endorsements of DOGE helped the coin spike to an all-time high of $0.73 in May 2021.
Although the price is currently down 88.13% from its previous ATH, it is expected that DOGE could also benefit from the upcoming bull run.
VeChain (VET)
VET is among the top coins with enormous utility. Despite having massive utility, VET is currently trading at a discounted price of $0.021. This represents a 92.52% decline from its ATH of $0.28. The team behind the project has been working round the clock to position VET perfectly ahead of the bull run.
The VET team has partnered with top companies on various initiatives, including climate-related programs and supply chains. Notably, these projects could boost the widespread adoption of VET, thus causing an automatic surge in its price.
Stellar (XLM)
XLM is currently trading below the $0.5 price level despite the coin’s prowess in global payments. The team behind XLM is considered a major rival to Ripple. Both companies aim to revolutionize the payments industry using blockchain tech.
Since its launch in 2014, the Stellar team has collaborated with top fintech companies, including Mastercard. With Stellar blockchain, users can send funds across borders faster and cheaper than traditional financial institutions.
XLM’s prowess in cross-border settlements could see it surge during the upcoming bull run. At press time, XLM was changing hands at $0.11.