The first five months of 2023 have been exciting for the altcoin world. 2022 was undoubtedly a challenging year. After such a tough year, leading digital assets showed an impressive recovery. This revitalized the market and rekindled investor optimism.
Screams for 5 altcoins
Amid the power we mentioned above, however, it will be fascinating to observe how the spotlight is reaching some of the lesser-known and more affordable cryptocurrencies. We are approaching June 2023. In this context, we have selected 5 altcoins with prices below $0.10 that investors should keep an eye on.
cryptocoin.com As we mentioned, a sensational altcoin Pepe (PEPE) is at the top of the list in the meme coin frenzy. We’ve had impressive growth in this crypto token inspired by Pepe the Frog. It also broke records with earnings reaching 5,000,000%. However, the meme coin has dropped significantly since hitting a high of $0.00000431 on May 5. It is currently changing hands at $0.00000142, down over 67% from its all-time high.
If you believe PEPE can handle another rapid rise like it did last month, the current price may be your bargaining point. However, it is important to remember that it is still a meme coin. So keep in mind that its price is influenced by exaggeration on social media platforms and other online crypto communities.
Another cryptocurrency that has been making headlines lately is TRON (TRX). The altcoin TRX, issued by Justin Sun’s Tron Foundation, topped AltRank’s list of cryptocurrencies on May 24. At the time of this writing, TRX is trading at $0.08, up about 0.19% on the day. In the past weeks, the cryptocurrency has gained 9.6% and 17.9% respectively.
Stellar (XLM) has been among the favorite altcoins among crypto investors for some time due to its strong reputation as an established blockchain project. The blockchain firm has made moves recently. Accordingly, MoneyGram and the United Nations High Commissioner for Refugees (UNHCR) have formed an important partnership to provide financial assistance to war-affected Ukrainian refugees using Circle’s USD Coin (USDC).
At the time of writing, XLM was trading at $0.09, up about 0.3% in the last 24 hours. In the past month, the cryptocurrency has lost about 6.7%. It’s actually trading at a bargain price, given the potential for upside in recent partnership deals.
VeChain (VET) focuses on transparency, traceability and immutability for supply chain data. It also helps businesses increase efficiency and reduce fraud. On the other hand, it is a blockchain-based platform that allows it to improve product authenticity. The project team announced that the recently released VeWorld mobile wallets will be part of Apple’s TestFlight program. At the time of this writing, VET is changing hands at $0.02, up 1.86% from last week. However, in the past 30 days, the cryptocurrency has dropped more than 11%.
Altcoin Hedera (HBAR)
Hedera (HBAR) is popular with crypto investors thanks to its unique distributed ledger technology known as Hedera Hashgraph. This technology offers high throughput, low fees and solid security. It also makes Hedera attractive for a variety of decentralized applications (dApps) and enterprise use cases.
Members of the Hedera community have made deals with tech giants such as LG, Google, IBM and Tata. He then hopes that this increased corporate adoption could help raise the price of HBAR soon. At the time of writing, HBAR is at $0.06, up 0.28% on a day-to-day basis. Over the past month, the cryptocurrency has fallen by almost 15%.
Overall, if the cryptocurrency market continues its 2023 rally, leading coins like Bitcoin (BTC) and Ethereum (ETH) are likely to push up many other assets, including those below $0.10. Despite the pullback, many cryptocurrencies are still trading at year lows as a result of the market crash in 2022.