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With thousands of digital currencies trading below the $0.10 mark, here is a selection of the top 5 worth on trader’s watchlists.
In today’s crypto world, there are different classifications of digital currencies with the likes of Bitcoin (BTC) and Ethereum (ETH) being the mega-capitalized assets. These two are joined by others like Cardano (ADA), XRP, Binance Coin (BNB), and Solana (SOL) in this categorization.
Though many altcoins are in the mid and low-cap ranges, there are some with the potential to break out from this range, and 5 of these include Hedera (HBAR), VeChain (VET), Oasys (OAS), Casper (CSPR) and Chiliz (CHZ).
Let’s explore these altcoins’ value propositions and why they are worth watching:
Hedera (HBAR)
Hedera is a big name in enterprise blockchain infrastructure provision through which individuals and businesses can create highly functional Decentralized Applications (DApp). Despite its adoption and backing from the tech giant, the native token HBAR is priced at $0.09786 with a market capitalization of $3,279,972,898.
In its price history, HBAR has only managed to hit an All-Time High (ATH) of $0.5701, but a retrace to this level has proven daunting thus far. With growing recognition by governments and crucial ecosystem upgrades, surpassing its past price marks is achievable in the long term.
Oasys (OAS)
Oasys is a uniquely designed blockchain with a clear but niche target audience – gamers. With potential large transactions linked to the gaming space, Oasys seeks to help facilitate these in a cheap and seamless manner.
For what it offers, Oasys is deemed undervalued at its price of $0.0995 and market capitalization of $184,643,793. With its fast-growing ecosystem and strategic partnerships, the future appears bright for Oasys.
VeChain (VET)
VeChain is designed to power a wide range of blockchain use-cases ranging from supply chain to smart contracts, Internet of Things (IoT), and even payments.
Having been featured in research papers and obtained major patents, VeChain is considered undervalued for its price of $0.03671 and market capitalization of $2,669,481,151. In the long term, experts have tipped VeChain for over 5,000% boost with a $2 price potential on target.
Chiliz (CHZ)
Chiliz is the protocol that powers sports and entertainment with close association with Socios.com. The cryptocurrency dates back to 2017 and has garnered a substantial ecosystem thus far. Chiliz is currently priced at $0.09111 atop a market capitalization of $706,020,413.
Judging by its previous ATH of $0.8915, then it is assumed that the current valuation is short of what it is worth.
Casper (CSPR)
Though many blockchain protocols claim to be energy efficient, as a Proof-of-Stake (PoS) network, Casper raises the energy efficiency to a new level as it boasts of being 136,000% more energy efficient than Bitcoin (BTC). It harbors and enables DApp growth with an emphasis on scalability.
Casper is worth $0.05238 on spot exchanges with a market capitalization of $611,548,894. The expectation is that CSPR should be worth at least its ATH of $1.36, meaning the potential for upsides is high.