The cryptocurrency market experienced extreme volatility over the last 24 hours, with Bitcoin (BTC) falling below the $26,000 mark. This caused losses for investors, but it also presented investment prospects among undervalued coins. Finbold conducted an August 18 analysis, pinpointing five cryptocurrencies trading under $0.10 that may display promising potential for resurgence in the forthcoming bullish cycle.
Dogecoin (DOGE) is gaining attention from crypto investors, due to rumours that the meme coin could be accepted as a payment method on X, formerly known as Twitter. This was after Elon Musk added DOGE’s symbol to his X bio after the platform’s rebrand. Despite this, DOGE lost more than 6.8% over the past 24 hours and was trading at $0.06 at the time of writing.
Hedera (HBAR), a decentralized public blockchain that uses a consensus algorithm to achieve fast and secure transactions, has seen a significant surge in social activity lately, with engagements surpassing 30.6 million earlier this week. HBAR was changing hands at $0.06, down 5.4% on the day.
VeChain (VET) has been developing its recently launched VORJ – The ‘Web3-as-a-Service’ Platform Eliminating Barriers to Blockchain Adoption. This includes plans to roll out a feature allowing users to mint and sell NFTs directly on World of V, an NFT marketplace built on VeChainThor. At the time of writing, VET was trading at $0.02, down 4.38% in the past 24 hours.
Ankr (ANKR) recently added support for Scroll, a zkEVM-based zkRollup on Ethereum (ETH). At the time of publication, ANKR was trading at $0.02, down 7% in the last 24 hours. Given its Relative Strength Index (RSI) of 20, ANKR appears to be oversold, which could indicate a possible opportunity for a price rebound or a period of consolidation.
Tron (TRX) is a highly recognised cryptocurrency project. Both its assets and parent company have made impressive strides in terms of adoption and on-chain metrics. A recent analysis conducted by Messari showed substantial upswings in TRON’s daily average active accounts, new accounts, and transactions. TRX was down by 2.6% at $0.07 at the time of writing.
It is important to bear in mind the dynamic nature of the digital asset landscape. As such, any of these assets could make a surprising and significant move. It is important to note that content on this site should not be considered investment advice. Investing is speculative and capital is at risk.