In the current week, the cryptocurrency market is cautiously rebounding after recent declines, with some assets still being traded at prices below $0.10. This presents potential investment opportunities for the upcoming week. Analysts have identified three altcoin projects that are trading below $0.1 and should be on your radar in the next week.
Shiba Inu (SHIB)
Shiba Inu (SHIB) has recently formed a bullish flag pattern on its daily chart, as pointed out by analyst Ali Martinez. This pattern typically occurs after a significant price increase and suggests a period of consolidation before the next upward movement.
However, SHIB is currently trading at $0.00002275 and has experienced a 0.25% decline in the last 24 hours. Recent charts show that it has lost 10.55% in value over the past seven days and 15.53% over the past month.
IoTeX (IOTX)
Analyst Michael van de Poppe notes the exciting momentum in the altcoin market. Additionally, IoTeX (IOTX) is supported by a global team of over 40 researchers, scientists, and engineers, making it a noteworthy investment opportunity.
According to recent data, the cryptocurrency IOTX is priced at $0.05338. Despite experiencing a 12.50% drop last week and a 29.63% loss over the last 30 days, it is showing signs of recovery with a 0.60% gain on a daily basis.
SKALE (SKL)
Lastly, crypto expert van de Poppe recommends SKALE (SKL), a token of the modular Blockchain network that aims to solve Ethereum’s scalability issues. This altcoin is considered to have the potential to triple your investment with low risk.
However, the latest data shows that the cryptocurrency SKL experienced an 18.59% decline last week and a 38.73% drop on the monthly chart. Therefore, it is currently trading at $0.07321, down 2.17% for the day.
Considering all these factors, it could be sensible to accumulate these cryptocurrencies below $0.10 in the coming week.
Disclaimer: The information provided in this article is not investment advice. Investors should be aware of the high volatility and risk associated with cryptocurrencies and should conduct their own research.
