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There are thousands of digital currencies in the market today and this article spotlights 5 of the most promising altcoins to watch out for this year.
Numerous emerging cryptocurrencies make their way into the digital currency ecosystem every day. As a result, users looking for assets to explore may be caught up in the noise.
Investors are often impatient to pitch their tent on a coin since it takes a considerable length of time for crypto projects to establish their authority in the industry.
This compilation is not financial advice. However, it can give an educational insight into some of the promising crypto projects with price tags under the $0.1 mark.
Radix (XRD)
Radix is a high-performance Layer-1 blockchain powered by the XRD coin. The Radix vision with its versatile smart contract platform is to usher everyone into a future that features the best of Web3 with scalability as a strong point.
With a history dating back to July 2021, Radix is an established project with experienced developers as the core leaders.
Over the years, the coin has shown tendencies of a major price breakthrough. For now, its price and market capitalization are up 1.88% to $0.04532 and $470,504,097, showing a strong upside for growth.
Celer Network (CELR)
There are many interoperability protocols in the digital currency ecosystem but Celer Network (CELR) has so far raised the bar.
The protocol facilitates the interconnectivity between the DeFi, CeFi and GameFi worlds. It boosts these connections with simple user interfaces.
CELR is still quite affordable and generally judged to be undervalued, considering the unique spot it assumes in the broader industry. It is currently priced at $0.02395, up 14.27% in the past 7 days with its market cap soaring to $185,435,490.
Vanar Chain (VANRY)
Of the picks on this list, Vanar Chain (VANRY) ventures toward driving environmental sustainability. It describes itself as a Carbon-neutral, fast, and cheap L1 protocol that is specifically tailored to revamp the entertainment ecosystem.
Just like other promising protocols, Vanar Chain has been inking strategic partnerships over the past months in a bid to expand its ecosystem. The coin’s price and market cap are pegged at $0.08668 and $108,192,217, making it the least capitalized of the profiled assets.
VeChain (VET)
VeChain is also a promising enterprise cryptocurrency below the $0.1 threshold. VeChain has particularly seen an intensive growth course in recent times, as showcased by its more than 62% growth over the past month. This surge has pushed its price and market cap to $0.0437 and $3,177,568,932 respectively.
VeChain boasts of a number of patents catering to the payments revolution and IoT innovations. It is also making impressive collaborations in the global supply chain and climate change industry.
These fundamentals show promises that suggest VeChain has a brighter future than what its price is currently showing.
Shiba Inu (SHIB)
Of the digital currencies outlined here, Shiba Inu is the largest by market cap. The asset is worth $5,661,547,183, riding on the back of its strong community. Shiba Inu started as a meme coin but has made a very promising pivot.
The token now occupies a very important spot in the broader crypto ecosystem with expectations that through its burning campaign, its price may touch $0.01 in the long term. For now, it is trading at $0.000009608 after inking 0.55% in 24 hours at the time of writing.