Crypto Market Recovers as Some Coins Trade Below $0.10
Release: 2024/05/03 22:20 Reading: 887
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This week, the cryptocurrency market is cautiously recovering from recent declines, with some assets still trading at prices below $0.10. This situation sets the stage for potential investment opportunities in the coming week. Analysts have identified three altcoin projects trading below $0.1 that should be on your radar next week.
Shiba Inu (SHIB)
Shiba Inu (SHIB) has recently formed a bullish flag pattern on its daily chart. Analyst Ali Martinez points out this situation. As Martinez highlights, this classic continuation chart pattern typically represents a consolidation period following a strong price increase and could potentially indicate the next rise.
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However, SHIB is currently trading at $0.00002275 and has experienced a 0.25% decline in the last 24 hours. According to recent charts, 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, exciting momentum can be observed in the altcoin market. Moreover, the IoTeX (IOTX) cryptocurrency is supported by a global team of over 40 researchers, scientists, and engineers, making it a noteworthy investment opportunity.
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According to recent data, 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 promising to solve Ethereum‘s scalability issues. This altcoin is marked as having the potential to “triple your investment with low risk.”
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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 sensible for the coming week.
The post first appeared on COINTURK NEWS: Crypto Market Recovers as Some Coins Trade Below $0.10
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