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This article highlights top five cryptocurrencies trading below the $0.1 mark that several analysts have positioned as potential top contenders in the market for the coming bull run.
Industry commentators in the crypto community have emphasized that the bear market is a time for accumulation. Typically, the smartest investors build their portfolios to admirable levels, amassing a considerable amount of assets while awaiting the next bull run.
However, there are two challenges to this practice. The first is the ability to pinpoint assets capable of bringing in substantial returns in the next bull market. The second challenge is a lack of a sizable initial investment. As a result, this article tries to pick out five assets favored by market analysts.
Shiba Inu (SHIB)
Despite not overtaking Dogecoin’s market cap as the dominant asset in the memecoin category, Shiba Inu now boasts a more vibrant community than DOGE. The ecosystem has welcomed several developments, including Shibarium. In addition, more developments are underway.
Due to its historic surge in 2021, Shiba Inu is a favorite among market participants. Several analysts have projected a looming price rally in the next bull market. Some factors surrounding the bullishness include the teeming community and the pivotal ecosystem developments. SHIB currently trades for $0.0000833.
VeChain (VET)
VeChain is leading the charge in blockchain interoperability, and its native token VET might benefit from the increasing utility. The team behind the protocol have made considerable progress in real-world use cases, including the procurement of a U.S. patent for blockchain interoperability.
Last month, Forbes spotlighted VeChain as a protocol powering the industrial manufacturing industry. Amid this progress, analyst EGRAG asserted that VET is on the cusp of a massive surge. VET changes hands at $0.0215 as of press time. At this price, $10,000 could procure 463K+ VET.
Verasity (VRA)
Launched as an open ledger protocol for video entertainment and eSports, Verasity enters the Web3 scene with a mission in mind. As it makes progress on this mission, market participants have identified the potential benefits its native token VRA could command.
In August, Verasity launched its proprietary VeraCard in the U.K. Moreover, in an encouraging move, the team burned 50% of VRA’s maximum supply last month. Currently trading for $0.007, analysts believe VRA could leverage the ongoing ecosystem developments for a rally in the next bull run.
Dogecoin (DOGE)
The firstborn memecoin, Dogecoin, has come a long way in the crypto scene, and does not seem to be slowing down. Notably, the asset has witnessed bullish developments in recent times. These include a recent surge in non-zero wallets to 5 million, and sustained whale accumulation.
In addition, whale addresses holding at least 1 million DOGE recently recorded an observable increase. Dogecoin is changing hands at $0.0810 at the reporting time. However, analysts have envisioned potential surges in its price, including a rally to $1.5. Interests from individuals such as Elon Musk could also bolster DOGE’s rally in the next bull market.
Hedera (HBAR)
Hedera leverages hashgraph to help process transactions faster than a typical blockchain. Its use case has caught the eye, with industry commentators positioning HBAR, the Hedera native token, as a potential top contender in the next bull run.
Hedera partnered with Dar blockchain in September to launch a Web3 ecosystem in North Africa. The team is also actively pushing toward capturing the tokenization industry. HBAR, currently trading for $0.0607, could benefit immensely from the results of these efforts. HBAR is already up 66% this year.