- With the Bitcoin halving event behind us, May holds promise for a potential altcoin bull rally in the crypto market after a bearish April.
- Identified five altcoins priced under $0.1 that show promise for investment despite recent market volatility and altcoin price slides.
- Shiba Inu (SHIB), VeChain (VET), SKALE (SKL), Rubic (RBC), and BONK are among the selected altcoins, each with unique potential for growth and investment opportunities.
As the bearish April month draws to a close, the crypto community is eagerly anticipating a potential altcoin bull rally in May, particularly following the Bitcoin halving event that took place ten days ago.
Despite the recent market volatility and the continued slide in altcoin prices, market watchers are eyeing a possible turnaround in the coming month. Given this optimism, we have identified five altcoins priced under $0.1, which we consider promising for investment.
Shiba Inu (SHIB)
Shiba Inu, currently trading at $0.00002397, has lost 21% of its value in the last 30 days. However, its position as the second most valuable meme coin, as well as its strong potential to replicate past success, have earned it a spot on this list.
We recently uncovered that Shiba Inu’s price could soar by over 350% to enter the $0.0001 range next month, based on its trajectory in 2021, when it rallied by fourfold in May. In this emerging bull season, several market analysts have suggested that Shiba Inu may likely repeat its 2021 history.
VeChain (VET)
VeChain (VET), currently hovering around $0.03895, has experienced a 15% decline in its 30-day performance. However, multiple market observers have recommended VET as a worthy investment asset.
Analyst EGRAG has repeatedly emphasized VET’s potential to reach $1 in this bull market, stating that it is significantly undervalued and could potentially set retail investors financially free when it ultimately explodes.
One of EGRAG’s most ambitious outlooks for VeChain is for the asset to soar as much as 6,061% to $2.4.
SKALE (SKL)
SKALE (SKL), a notable low-cap altcoin under $0.1, currently trades at $0.0842, having relinquished over 31.46% of its gains over the past month to the bears. SKL was among the notable performers of this season’s earlier phase bull run, growing by 342% from a low of $0.0282 before the bears set in this month.
Market analyst Michaël van de Poppe recently mentioned SKL as a token with potential for a three-fold expansion against Bitcoin, noting it as having relatively low risk.
Rubic (RBC)
Regarding Rubic (RBC), analyst Ali Martinez observed an ascending triangle pattern forming on its 3-day chart. Martinez suggested that a close above $0.0445 might trigger a 70% surge, potentially pushing the asset to $0.0767.
He advised considering purchasing before the breakout and staking the coins for amplified gains as the bullish target approaches.
BONK
BONK, a notable Solana meme coin, made a significant resurgence in the crypto market. It surged from a low of $0.00001257 on April 13 to as high as $0.00002946, representing a 134% gain amidst bearish volatility.
Despite fluctuations in Bitcoin’s performance this week, BONK has largely retained its gains, currently valued at $0.00002435.
