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Cryptogambling / Five Hidden Gems in Cryptocurrency: affordable coins under $0.01 with impressive potential

Five Hidden Gems in Cryptocurrency: affordable coins under $0.01 with impressive potential

Publish Date: 19/02/2024
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In the cryptocurrency market, Shiba Inu (SHIB) and Terra Classic (LUNC), two low-cost cryptocurrencies with prices below $0.01, have performed quite well, even though Bitcoin (BTC) has taken center stage. Bitcoin’s ascent, which has resulted in a 20% increase since February 5, has propelled the larger crypto industry into a renaissance.

5 Crypto Under $0.01 to Buy This Week

Amidst the buzz surrounding Bitcoin’s (BTC) meteoric rise, it’s essential not to overlook the potential of these affordable cryptocurrencies. There are five altcoins that are presently trading below the $0.01 threshold and have shown incredible resiliency throughout the market decline and are starting to show promise during the market rebound.

1. Terra Classic (LUNC)

Terra Classic (LUNC), previously devastated by a significant collapse, has transformed into a more community-driven project with members leading rejuvenation efforts. The L1 Joint Task Force (L1JTF) was founded, and burn campaigns were launched as strategies to minimize the significant amount of it in existence.

With 98.8 billion tokens burned as of the time of publication, the burning campaign aims to shortly surpass 100 billion tokens. Given that there are still 5.78 trillion tokens in circulation for the asset, the community is supporting a number of campaigns to support burns. Despite LUNC struggling to maintain its price above $0.00013 amid the latest market correction, it retains some gains, up 2.74% since BTC’s decline.

2. eCash (XEC)

The goal of the cryptocurrency eCash (XEC) is to serve as a quick and expandable electronic money. It is an improved version of the Bitcoin Cash ABC (BCHA) fork, which was created by splitting both Bitcoin and Bitcoin Cash (BCH). eCash asserts that it combines the greatest aspects of Avalanche’s consensus mechanism with Bitcoin and Bitcoin Cash.

With its upcoming halving scheduled in April, coinciding with the broader crypto market’s expected bull run, XEC is gaining attention from investors. XEC’s stock price stands at $0.00003317, and it aims to regain its former position of $0.000035 during the upcoming market recuperation.

3. BitTorrent (BTT)

Since February 7, BTT has experienced significant gains of 28%, making it one of the most promising altcoins in this list. Its close relationship to the Tron project often leads to positive reactions when bullish developments occur within Tron’s ecosystem, such as a recent burn involving TRX.

Bullish events like the impending BTIP-51, which intends to incorporate file information into blockchain, might also add to the token’s upward trajectory. At $0.00000103, BTT is trading down 1.90% from the previous day. A sharper decline is currently occurring in the token after it made a huge jump to the resistance level of $0.00000112 on February 15 during the TRX burn.

4. Shiba Inu (SHIB)

Shiba Inu (SHIB) has amassed a substantial community following its decentralized development and numerous projects spearheaded by the community. One such project is Shibarium, the layer-2 protocol that boasts over 1 million daily and 353 million overall transactions, which contributes significantly to SHIB’s deflationary economics.

Shibarium contributes to SHIB’s deflation by burning 70% of its base transaction fees. At its current price of $0.00000964, SHIB aspires to climb back above the support level at $0.00000941 in an effort to reach a new high of $0.00001.

5. Siacoin (SC)

Siacoin (SC) provides decentralized cloud storage through its peer-to-peer network, with Siacoin serving as the native token for transactions related to storage contracts and network fees.

The cryptocurrency has beaten the market, as seen by its current value of $0.01277, which is a 53.4% rise over its price on February 8. Before retreating, SC just reached a 22-month high of $0.014000.

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