In the current week, the cryptocurrency market is cautiously rebounding from recent declines, with some assets still being traded at prices below $0.10. This creates 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 for 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 classic continuation chart pattern typically signifies a consolidation phase following a significant price increase and may indicate the next upward movement.
Despite this, 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 observes 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.
Recent data shows that the cryptocurrency IOTX is priced at $0.05338. Notably, after facing a 12.50% drop last week and a 29.63% loss over the past 30 days, it is now 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 promises to solve Ethereum’s scalability issues. This altcoin is believed to have the potential to “triple your investment with low risk.”
However, according to the latest data, the cryptocurrency SKL experienced an 18.59% decline last week and a 38.73% drop on the monthly chart. Therefore, at the time of writing, it was trading at $0.07321, down 2.17% for the day.
Considering all these factors, accumulating these cryptocurrencies below $0.10 could be a sensible move for the upcoming week.
Disclaimer:
The information provided in this article is not intended as investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
