This article highlights several altcoins to look out for as the cryptocurrency market gradually slips into bullish territories, with mentions including top performers such as XRP, Shiba Inu, and Floki.
The cryptocurrency market is vast and diverse, with numerous altcoins offering unique features and growth potential. Data from CoinMarketCap confirms that the market is home to over 1.8 million cryptocurrencies.
Among these assets, several altcoins priced below $1 have caught the attention of prominent market watchers and investors. This is due to their growth potential, as the market shows pre-bull run signs.
One of the most prominent among these assets is XRP, which recently gained regulatory clarity in the U.S., putting it in the same category as Bitcoin (BTC). Prominent pundits have noted that purchasing XRP below $1 represents a life-changing opportunity.
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The asset last saw the $1 price in December 2021. Since then, it has continued to trade below it. XRP’s potential has been bolstered by notable advancements in the XRP Ledger, its underlying network, and partnerships by Ripple, which could see the asset’s use cases increase.
XRP is trading for $0.5654, with a 1.78% increase over the past 24 hours. The asset has seen a 58% increase in trade volume over the past 24 hours, amounting to $945 million. XRP’s visible potential makes it one of the best contenders in the next bull run.
Despite starting as a meme coin, Shiba Inu (SHIB) has maintained an active community with a mission to establish itself as a decentralized ecosystem. The development team recently launched Shibarium, the ecosystem’s L2 network, to introduce utility and bolster demand.
Shiba Inu recently reclaimed the $0.000008 psychological territory, aiming to leverage it for a rally to $0.00001. SHIB is changing hands at $0.00000803, with a 53% increase in volume to $120 million. The asset’s market cap has risen by 0.37% to $4.7 billion.
Cardano (ADA) has not had a favorable year despite several assets witnessing bullish trends. The bearish trend has not stopped market watchers from identifying its potential to record impressive gains in the coming bull run. Several existing and planned upgrades to the Cardano network have bolstered this optimism.
ADA trades at $0.3013 as of press time, seeking to hold firm above the $0.30 threshold. Cardano’s volume amounts to $190 million, up 59% over the past 24 hours. The asset sustains its position as the eighth largest asset, with a market cap of $10.6 billion.
The VeChain (VET) blockchain boasts numerous real-world use cases, with several partnerships to leverage these utilities. As a result, industry leaders remain bullish on VET as it seek to leverage the next bull market for a massive price surge.
VET has seen a trade volume of $27.6 million over the last 24 hours, with a 21% decline demonstrating reduced interest. However, the asset holds above $0.01916, up 0.80% in the past 24 hours. VET seeks to reclaim and secure a solid position above $0.02.
The Hedera (HBAR) blockchain is an attractive choice for prominent industry giants. Leading firms such as Hyundai, Dell, and Kia have recognized its potential. In addition, the Federal Reserve is leveraging the Hedera-based blockchain protocol Dropp for its FedNow payment system.
The prominence of the Hedera blockchain has prompted bullish sentiments around HBAR, its token, leading to projections of substantial surges in the next bull market. Interest in Hedera has increased over the past 24 hours, with volume soaring 55% to $44.5 million. HBAR trades for $0.05333 at the reporting time.
Floki Inu (FLOKI) is trying to transcend the general sentiments surrounding meme coins. The project’s team has continued to ink partnerships aimed at increasing its visibility and bolstering demand. The team recently launched TokenFi to build on tokenization.
Floki is one of the largest gainers in the past week, with a 38% increase over the last seven days. The asset trades for $0.00003653, with $82.4 million in 24-hour volume.