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As the fallout from the lawsuits filed by the United States Securities and Exchange Commission (SEC) against two popular cryptocurrency exchanges – Binance and Coinbase – subsides, cryptocurrencies are slowly starting the recover, including those that are still available for less than $0.10 apiece.
With this in mind, Finbold has scoured the crypto market and assembled a list of five such crypto assets that have demonstrated the potential for further advances, making them a particularly attractive investment in the week that follows.
TRON (TRX)
One of the rare cryptos recording gains across all charts, TRON (TRX) has recently crossed multiple important milestones, including its blockchain height exceeding 51.66 million, the number of accounts nearing 164 million, the number of transactions surpassing 5.72 billion, and total value locked (TVL) reaching $12.6 billion.
At the same time, TRON has expanded its reach by going live on the Ethereum (ETH) network with the help of the BitTorrent (BTT) bridge, all of which has contributed to its token increasing its price by 1.15% on the day, 2.52% over the week, and 11.26% in the last month, currently trading at $0.0782.
XDC Network (XDC)
Meanwhile, XDC Network (XDC) has also retained strength in the face of recent regulatory turbulences, thanks to, in part, expanding its footprint in Japan through a partnership with SBI VC Trade, a crypto trading platform subsidiary of Tokyo-based financial holding company SBI.
As things stand, the token of the project that has recently celebrated its fourth birthday is currently changing hands at the price of $0.03575, which represents a 3.18% gain in the last 24 hours and 2.68% on its monthly chart, whereas across the previous week, it has declined by 1.20%
Dogecoin (DOGE)
Although its price movements have not been as successful in recent weeks as those of the above-mentioned assets, Dogecoin (DOGE) is nonetheless a good investment opportunity, as its network has recorded significant growth, exceeding 5 million holders and surpassing 135 million transactions, as per the data retrieved from the analytics platform Blockchair on June 9.
On top of that, Elon Musk has recently reiterated his support for the meme coin, replying to Riot Platforms research vice president Pierre Rochard and Twitter founder Jack Dorsey who emphasized that Coinbase should prioritize Bitcoin (BTC). At press time, DOGE was trading at $0.06977, up 3.72% on the day despite declining 1.84% over the week and 4.99% across the month.
Shiba Inu (SHIB)
In addition to the development of its Shibarium network and ShibaSwap decentralized exchange (DEX) and 333 billion tokens accumulated, Shiba Inu (SHIB) was the crypto of choice by Ethereum (ETH) co-creator Vitalik Buterin for another $10 million-worth donation to the India-focused coronavirus prevention initiative CryptoRelief.
Although in the last seven days, SHIB has lost 5.98%, in addition to the 12.07% drop over the previous month, it has nevertheless gained 0.4% on the day, currently changing hands at the price of $0.000008004, as a panel of 55 industry experts predicts it will surge by 520% in the next two years.
Hedera (HBAR)
In the meantime, the Hedera (HBAR) network has recently become part of the program to tokenize home equity assets in partnership with the first fractional equity home funding platform Quarter Inc. and the TOKO asset tokenization engine, with the introduction of the Quarter HPI utility token.
Furthermore, the Hedera blockchain has recently recorded a milestone of 10 billion transactions, which, in addition to the above program, is one of the solid foundations for the token’s future. By press time, HBAR has reached the price of $0.04871, up 1.14% in the 24-hour period but down 3.55% on the week and 11.18% across the month.
Conclusion
At the end of the day, it makes sense that an asset’s low price per wholecoin should not be a deterrent for investment, particularly if such a cryptocurrency has had a number of positive developments in recent days and/or weeks and has demonstrated strength. However, detailed research is still necessary before investing.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.