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This article highlights five cryptocurrencies with market values under $0.10 that could mirror Shiba Inu’s past success.
As the bearish market bites deeper, calls for buying the dip have intensified. However, uncertainty looms among crypto market participants as they grapple with choosing a low-cost crypto for strategic positioning in anticipation of the impending bull market.
Shiba Inu is arguably the most successful token in the last bull run, producing millionaires and billionaires. The Crypto Basic attempts to highlight cryptocurrencies with similar potential.
Dogecoin (DOGE)
With the current bearish trend, Dogecoin trades at $0.07706, marking an 8% over the past day.
Riding on the backing of Elon Musk, Dogecoin rose to prominence over the years and has consistently defended its position among the top ten most valuable cryptocurrencies despite its meme-inspired origin.
Moreover, the allure of Dogecoin shows no signs of diminishing, fueled by growing speculation that Elon Musk may integrate DOGE payments on his social media platform, X.
As a result, Dogecoin continues to be a noteworthy asset to monitor in this anticipated bull season.
VeChain (VET)
VeChain (VET) has tanked 17% over the past week to $0.02538 amid the current market condition. This $1.84 billion valued crypto project has continued to attract the attention of prominent market observers.
Notably, VeChain has demonstrated success stories within the logistics market. Notable examples include Walmart’s utilization of the platform for tracking fresh produce, BMW’s authentication of luxury cars, and DNV GL’s seafood sustainability certification.
With VeChain emerging as a frontrunner in the supply chain market, its VET token could be poised for a substantial impact in the future.
Besides, The Crypto Basic has uncovered a buy signal for VET based on established patterns on its charts.
Floki (FLOKI)
Floki (FLOKI) is another meme-inspired crypto project akin to Dogecoin and Shiba Inu that continues to captivate the crypto community. Notably, Floki is dubbed the people’s cryptocurrency and serves as the utility token within the Floki Ecosystem.
Floki came to live riding on the enthusiasm of fans and members of the Shiba Inu community. The project is developing four key utility initiatives, including Valhalla, FlokiFi, FlokiPlaces, and “University of Floki.”
With a price of $0.00002788, significantly below a cent, this asset presents a considerably lower barrier to entry for retail investors.
Cronos (CRO)
Cronos (CRO) is another $1.8 billion-value crypto project, serving as the indigenous asset for Cronos Chain. This is an open-source blockchain by the leading crypto financial service firm Crypto.com.
Cronos Chain sets itself apart through its scalability and speed, with notable advancements like Cronos Rollups and the Cronos-Ethereum Bridge.
The CRO token, currently trading at $0.07449, has exhibited noteworthy price performances, reaching an all-time high of $0.9698 in November 2021. Given its praiseworthy performance in the 2021 bull market, some market observers anticipate a repeat in the upcoming bull run.
Bonk (BONK)
The Solana-powered project Bonk is one of the digital assets profoundly affected by the ongoing market sell-off, resulting in a loss of a decimal point. Specifically, BONK has tanked by over 27% over the past week.
This cryptocurrency took the market by storm in the final two months of 2023, experiencing remarkable growth of up to 4,400%. In particular, from a low of $0.0000007552, it surged to an all-time high of $0.00003419 last month.
Bonk primarily benefited from the positive sentiment surrounding Solana and the excitement generated by its airdrop.
The asset now trades at $0.00001002. This potentially creates an opportunity for the investing public, as the craze around the asset may re-emerge in a full-blown bull market.
Ultimately, which token will replicate Shiba Inu’s 2021 success remains to be seen. Emphatically, this article should not be construed as investment advice, as investors are urged to conduct personal research before making commitments.