Although the cryptocurrency market has started to consolidate the gains triggered by Bitcoin (BTC) exchange-traded fund (ETF) applications and Ripple’s win against the United States Securities and Exchange Commission (SEC), some crypto assets, available under a low price of $0.10 per wholecoin, are still a good buy in the near future.
With this in mind, Finbold has analyzed the cryptocurrency sector to arrive at the list of several such digital assets that stand out and demonstrate more potential than others to grow their price, therefore representing an attractive investment for the week starting July 24.
Dogecoin (DOGE)
Indeed, one of the most prominent meme crypto assets, Dogecoin (DOGE), has rallied on the information that the source code of Tesla (NASDAQ: TSLA) includes support for Bitcoin and Dogecoin, sparking rumors that the electronic car manufacturer plans to integrate them as payment options.
Meanwhile, Dogecoin was at press time changing hands at the price of $0.07, demonstrating an increase of 0.78% in the last 24 hours, gaining 2.20% across the previous seven days, as well as adding up to the monthly advance of 11.16%, according to the latest charts.
Hedera (HBAR)
At the same time, Hedera (HBAR) has recently hit a 30-day high in its price thanks to Hedera’s cross-border stablecoin and remittances proof of concept (PoC) with Korean bank partners Shinhan Bank, SCB TechX, and Taiwan’s leading financial institution, triggering a bullish surge.
In the meantime, the price of Hedera currently stands at $0.06, dropping 3.66% on the day but nonetheless recording an increase of 6.29% in the last week and advancing 11.14% on its monthly chart, according to the data retrieved by Finbold on July 21.
TRON (TRX)
The next on the list is TRON (TRX), which has recently witnessed massive growth in the number of total addresses and staking activities, as well as dominating the crypto market in terms of transaction volume, surpassing the network of the second-largest crypto by market capitalization – Ethereum (ETH).
As things stand, TRON is currently trading at the price of $0.08, dropping 0.33% on the day and losing 1.57% across the past week but still witnessing an accumulated increase of 13.28% over the previous 30 days, as the most recent data indicates.
Cronos (CRO)
Meanwhile, Cronos (CRO) has recently announced a partnership with video game giant Ubisoft to help the creator of iconic gaming franchises like Assassin’s Creed further its reach into the blockchain and non-fungible token (NFT) space, in addition to its managing director Ken Timsit advocating for artificial intelligence (AI) innovation in the crypto space.
At press time, Cronos was changing hands at the price of $0.06, recording an increase of 1.08% in the last 24 hours, adding up to the 1.14% gain over the past seven days and advancing 9.50% on its monthly chart, as per the most recent data.
XDC Network (XDC)
Finally, XDC Network (XDC) has been making strides across all of its charts, although the precise cause for such advances is not clear, other than the asset celebrating its fourth anniversary in early June and the platform more recently becoming a gold sponsor of the upcoming Web3 conference WebX 2023 in Tokyo, Japan.
Presently, XDC Network’s cryptocurrency is trading at the price of $0.04, up 6.92% over the last day, recording a more significant gain of 24.57% across the previous week, and increasing as much as 28.16% over the past 30 days, according to the latest data on July 21.
Conclusion
All things considered, the above crypto assets have demonstrated strength and positive developments amid market sluggishness that has seen others, including the flagship decentralized finance (DeFi) asset, stall. However, things can change quickly, so it is important to do one’s own research before investing.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
