March can be considered one of the best months for the crypto market, considering that the sector is attempting to exit the extended bear market witnessed in 2022. Most assets have turned green, backed by factors such as the possible stalling of inflation and the chaos in the banking sector.
Although the market is far from hitting the heights of the 2021 bull run, some cryptocurrencies are showing signs of potential and are currently valued relatively low. Therefore, Finbold has explored five cryptocurrencies valued below $0.10 that are worth considering investing in in April.
TRON (TRX)
TRON (TRX) has recently attained key milestones by ranking as the cryptocurrency with the highest number of active addresses beating Bitcoin (BTC) and Ethereum (ETH). This comes as TRON continues to record massive user interest in Asia and Africa at a time the network has been rated among the best eco-friendly crypto platforms.
The metrics are poised to positively impact TRX’s value as the token trades in tandem with the general crypto market. By press time, TRX was trading at $0.06 with daily gains of 1.4%.
Dogecoin (DOGE)
The meme coin’s developer community continues implementing new initiatives to give DOGE more utility. The latest development will see Dogecoin undergo the “lib-dogecoin 0.1.2,” which has been touted to bring improvements to the network. The upgrade seeks to make Dogecoin more interoperable and user-friendly. DOGE also has potential for growth after the developers announced a series of upcoming additional upgrades, such as support for QR codes, other languages, message signing, and Windows builds.
Although the hype around the meme coin has cooled, it remains a worthwhile investment opportunity with the possibility that the development initiative pays off in the future. Currently, DOGE is valued at $ 0.08, up by over 5% in the last 24 hours.
XDC Network (XDC)
The XDC Network (XDC), which amalgamates features of both public and private blockchains, has recently experienced a surge in development activities and partnerships, which could potentially trigger price growth in the future. The recent upgrade to the network has made it effortless to deploy smart contracts, paving the way for the creation of decentralized applications.
Furthermore, XDC Network has collaborated with Fathom to offer users a novel method of earning XDC coins, seen as a strategic initiative that bridges the gap between traditional finance and the blockchain realm by providing a seamless and sustainable means of earning XDC.
XDC is currently changing hands at $0.04 with a daily growth of about 3%.
Shiba Inu (SHIB)
Shiba Inu (SHIB) has mostly failed to hold a sustainable price rally as bears tussle with bulls over the asset’s price control. The token has recently experienced a downward value trajectory as investors cautiously approached risk assets.
However, all is not lost for the meme coin, with network development initiatives such as the upcoming Layer 2 scaling solution viewed as a bullish price trigger. As the community waits for the rollout, core developers have hinted that validators are already showing interest in Shibarium.
Additionally, the ongoing token burning positions SHIB for possible gains in the coming months. Over the last 24 hours, SHIB is up almost 5%, trading $0.00001077 by press time.
Cronos (CRO)
Cronos (CRO) has garnered significant attention, possibly due to its emphasis on mainstream adoption, a strong ecosystem, and a user-friendly approach. The cryptocurrency has maintained a steady price above the $0.065 support for the better part of March. Although some recent retracements have occurred, on-chain data indicates that CRO whales are actively accumulating the token.
In the last 24 hours, CRO has gained over 3%, with the token trading at $0.07. The possible price gains emanate from Cronos’ goal of enhancing and advancing the decentralized finance (DeFi) ecosystem, with its architecture supporting Ethereum Virtual Machine (EVM) compatibility. This attribute enables developers to create and deploy DeFi applications in a user-friendly environment.
It is important to note that when investing in crypto, the focus should not be on the asset’s current value. However, the mentioned digital currencies present an attractive prospect for those seeking to acquire cryptocurrency at a low investment level.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
Source: https://finbold.com/top-5-cryptocurrencies-under-0-10-to-buy-in-april-2023/