The U.S. Securities and Exchange Commission’s lawsuits against Binance and Coinbase are waning. Thus, cryptocurrencies are slowly starting to recover. Among them are altcoin projects that are still under $0.10. Crypto analyst Ana Nicenko has identified five such altcoins that show the potential for further advancement.
TRON (TRX) is at the top of the altcoin list
TRON (TRX), one of the rare cryptos to record gains on all charts, recently exceeded 51.66 million Blockchain height, close to 164 million accounts, over 5.72 billion transactions, and total locked value (TVL) reaching $12.6 billion. passed many important milestones, including
At the same time, TRON went live on the Ethereum (ETH) network with the help of the BitTorrent (BTT) bridge. Thus, it expanded its reach. All these contributed to the altcoin price increasing by 1.15% during the day, 2.52% during the week and 11.26% in the last month. TRX is trading at $0.0782 at the time of writing.
The second altcoin on the list: XDC Network (XDC)
Meanwhile, XDC Network (XDC) has partnered with SBI VC Trade, a crypto trading platform subsidiary of Tokyo-based financial holding company SBI. Thus, it remained strong in the face of recent regulatory turbulences, thanks to the expansion of its footprint in Japan. The altcoin project recently celebrated its fourth birthday. XDC is changing hands at $0.03575 at the time of writing. This represents a 3.18% gain in the last 24 hours and a 2.68% gain on its monthly chart. However, the token has dropped by 1.2% over the previous week.
Popular meme coin Dogecoin (DOGE) is also on the list
DOGE’s price movements have not been as successful as those of the above altcoins in recent weeks. However, Dogecoin is still a good investment opportunity. Because, according to data from analytics platform Blockchain on June 9, its network has surpassed 5 million holders. It also recorded significant growth, surpassing 135 million transactions.
On top of that, Elon Musk recently reiterated his support for the meme coin, responding to Pierre Rochard, vice president of research at Riot Platforms, and Twitter founder Jack Dorsey, who stressed that Coinbase should prioritize Bitcoin (BTC). At the time of writing, DOGE is down 1.84% weekly and 4.99% monthly. Despite this, it was trading at $0.06977, up 3.72% on a daily basis.
Another meme-coin is Shiba Inu (SHIB)
Shiba Inu (SHIB) has been chosen by Ethereum (ETH) co-creator Vitalik Buterin for a $10 million donation to CryptoRelief, an India-focused coronavirus prevention startup, in addition to the development of the Shibarium network and ShibaSwap decentralized exchange (DEX) and the accumulation of 333 billion tokens. was crypto.
SHIB has lost 5.98% in the last seven days and 12.07% in the last month. However, it is changing hands at $0.000008004 at the time of writing and has gained 0.4% on the day. Meanwhile, a panel of 55 industry experts predicts SHIB will grow by 520% over the next two years.
The latest altcoin project Hedera (HBAR)
Meanwhile, the Hedera (HBAR) network has launched its first partial equity home financing platform, Quarter Inc, with the launch of the Quarter HPI utility token. and became part of the home equity asset tokenization program in partnership with the TOKO asset tokenization engine.
Also, Hedera Blockchain recently recorded a milestone of 10 billion transactions. That, in addition to the above program, is one of the solid foundations for the token’s future. At the time of writing, HBAR is up 1.14% in the last 24-hour period, reaching $0.04871. However, the altcoin is down 3.55% on a weekly basis and 11.18% on a monthly basis.
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