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Cryptocurrency News Articles

4 Promising Cryptocurrencies Priced Under $0.10 That Could Be Strong Candidates for Investment in 2025

Dec 26, 2024 at 11:00 pm

As Bitcoin (BTC) continues to dominate headlines with its impressive rally—up 46% since November's election and 133% year-to-date—investors are

4 Promising Cryptocurrencies Priced Under $0.10 That Could Be Strong Candidates for Investment in 2025

As Bitcoin (BTC) continues to make headlines with its impressive rally — up 46% since November’s election and 133% year-to-date — investors are increasingly turning their attention to altcoins with high growth potential at a lower price point.

In this context, Finbold has identified four promising cryptocurrencies priced under $0.10 that could be strong candidates for investment at the start of 2025, offering significant upside for investors.

Shiba Inu (SHIB)

Initially dismissed as a meme coin with little to offer beyond speculation, Shiba Inu (SHIB) has transformed into a cryptocurrency worth watching, especially for short-term investment opportunities.

The launch of Shibarium, a Layer-2 blockchain, has been a cornerstone of SHIB’s growth, dramatically improving scalability and transaction efficiency. With over 700 million transactions recorded since its launch, Shibarium showcases SHIB’s potential for real-world use cases.

Further plans to introduce a stablecoin pegged at $0.01 and the TREAT token as a reward mechanism add multifaceted utility to the ecosystem, broadening its appeal.

Currently trading at $0.000022, market sentiment around SHIB remains cautiously optimistic, supported by notable activity from whales and major investors.

With 55% of SHIB holders currently in profit, whale movements suggest renewed interest from large investors, adding credibility to the token’s short-term bullish case.

JasmyCoin (JASMY)

Dubbed the “Bitcoin of Japan,” JasmyCoin has recently seen increased whale accumulation, with the token surging an impressive 63% in a month. Currently trading at $0.036, technical analysis paints a bullish picture, with projections suggesting a potential 700% gain within the next four months.

Moreover, derivatives data shows strong market interest and reinforces the bullish sentiment.

Trading volume has jumped by 21.17% to $162.02 million, accompanied by a 1.32% rise in open interest, now standing at $57.61 million, reflecting growing trader engagement.

On Binance, the long/short ratio heavily favors longs at 2.095, with top traders showing an even stronger bias at 2.2595. Additionally, liquidation data supports this outlook, as short liquidations consistently exceed long liquidations across multiple timeframes. These factors collectively strengthen the bullish case for JasmyCoin in the derivatives market.

Gala (GALA)

The native token of the crypto gaming project Gala Games, GALA, is showing bullish potential despite recording negative price action over the past few days, currently trading at $0.03.

While trading volume has declined by 33.01% and open interest has dropped by 8.39%, derivatives data highlights strong market confidence.

The Binance long/short ratio stands at 3.6125, increasing to 4.4915 for top traders, indicating a clear preference for longs. Additionally, long liquidations are outpacing shorts, with $1.03M in longs versus $67.98K in shorts over 24 hours. These metrics collectively highlight sustained optimism for GALA.

VeChain (VET)

Currently trading at $0.04907, VeChain (VET) has garnered renewed investor interest following the “VeChain Renaissance” upgrade. This optimism is further supported by derivatives data, which shows a strong bullish sentiment.

On Binance, the long/short ratio favors longs at 2.4819, with top traders displaying an even stronger bias at 2.9063. Additionally, long liquidations are outpacing shorts by a significant margin, with $236.27K in longs compared to just $5.02K in shorts over 24 hours. These metrics collectively highlight growing confidence in VET’s short-term upward momentum.

Despite strong community backing and technical support, these cryptocurrencies remain susceptible to short-term market fluctuations that could impact their performance.

Investors are encouraged to approach these opportunities with caution, perform comprehensive research, and ensure their investment strategies align with their risk tolerance and long-term financial objectives.

News source:finbold.com

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Other articles published on Dec 27, 2024