This article shines a spotlight on some of the leading altcoins that are worth exploring, especially as the market prepares for a potential bull run after the recent Bitcoin halving event.
Before the halving took place on April 19, the crypto market experienced a significant price correction, which wiped out a lot of the gains that many altcoins had made during the earlier stages of the bull market. However, as the market slowly recovers, this dip before the halving has created a great buying opportunity for investors who want to take advantage of the upcoming bull market.
In light of this, The Crypto Basic has identified a few cryptocurrencies that are trading below $0.1 and could be promising investments in this post-halving phase.
Shiba Inu (SHIB) is one such cryptocurrency. It recently experienced a pullback alongside Bitcoin, dropping from over $0.000045 to the $0.000018 range. While this may seem disappointing, it actually presents a significant buying opportunity, as Shiba Inu has shown its potential for massive price growth in a bull market. In fact, The Crypto Basic reported that SHIB had an astonishing 884,400% price growth during the 2021 bull run. Furthermore, Shiba Inu is quickly recovering, with a 12.37% rally in the past 24 hours and a current price of $0.0000266.
Another altcoin to consider is FLOKI, which is currently trading at $0.0001694, representing a 13.28% gain in the past day. Last month, FLOKI came very close to reaching its all-time high for 2021, with a consistent uptrend that began in late February. It went from trading as low as $0.00003188 on February 21 to $0.0001417 on March 2, a growth of 876.47% in just ten days. Although FLOKI experienced a setback this month, dropping to $0.0001142, it has since recovered and presents an investment opportunity despite a 25% loss in its 30-day trajectory.
VeChain (VET) is one of the few assets that remained resilient during the Bitcoin pullback. It has been trading between the $0.035 and $0.04 range since last month, with a brief dip to $0.03566 on April 13 before bouncing back to $0.043 the next day. Currently, VET is selling for $0.04199 and has shown positive gains across its daily, weekly, monthly, and yearly trajectories. VeChain has proven itself to be a strong performer in a bull market, with a 136.36% increase from $0.02175 in November to $0.05141 this month. Some analysts believe that VET could reach a price of $2.3 during this bull season.
Two other altcoins worth mentioning are BONK and PEPE. Although they have experienced negative performances in the past month due to market turbulence, they created a lot of excitement in the crypto community prior to the dip. In fact, both assets have seen remarkable gains of 2649% and 2377% respectively in the past six months. Despite their current low values, BONK is trading at $0.00002038 and PEPE is selling for $0.000005693, these two cryptocurrencies have shown their potential as investment instruments.
It’s important to note that this content is purely informational and should not be considered financial advice. The opinions expressed in this article are those of the author and do not necessarily reflect the views of The Crypto Basic. Readers are encouraged to conduct their own research before making any investment decisions, and The Crypto Basic is not responsible for any financial losses that may occur.