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 situation 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 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 represents a consolidation period following a strong price increase and could potentially indicate the next rise.
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)
According to analyst Michael van de Poppe, there is exciting momentum in the altcoin market. Additionally, the IoTeX (IOTX) cryptocurrency 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 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 promises to solve Ethereum’s scalability issues. This altcoin is marked as having 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 showed 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 should not be considered as investment advice. Investors should be aware of the high volatility and associated risks of cryptocurrencies and should conduct their own research.