IMPORTANT POINTS:
- Five cryptocurrencies are showing impressive performance despite the bear market.
- These cryptocurrencies have distinctive factors that may be driving their performance, such as being the focus of speculation or strategic alliances.
- Although these coins show promise, it is essential to do your own research before investing in any crypto asset.
While most assets in the cryptocurrency market witnessed a slow start to the week, there are some that are showing strength despite the bearish sentiment. These assets, currently available below the affordable price of USD 0.10 per coin, represent an attractive investment opportunity for August.
Dogecoin (DOGE)
One of the best performances in recent weeks has been Dogecoin (DOGE). This meme-based crypto asset received a strong bullish push from one of its most famous supporters, Elon Musk.
As a result, Dogecoin has seen gains across all its charts, gaining 0.57% over the past 24 hours, rising a more significant 13.27% over the past seven days, and adding a 14.95% advance over the past month, and is currently trading around $0.79, based on data from July 25.
XDC Network (XDC)
Next on the list is the decentralized application (dApp) development platform XDC Network (XDC). This project has seen even more impressive bullish momentum than Dogecoin, coinciding with its collaboration with Japanese crypto trading firm SBI VC Trade for the sponsorship of WebX 2023.
While the exact factors fueling this run are unclear, beyond the aforementioned partnership, XDC has made progress on all observed fronts, including gaining 27.97% on the day, 74.24% in the last week, and as much as 85.83% in the last month, currently changing hands around $0.057.
TRON (TRX)
At the same time, TRON (TRX) has found its place in the spotlight following a report that various pro-ISIS networks in Afghanistan, Tajikistan, and Indonesia have used Tether (USDT) on the TRON network.
However, the controversy only seemed to strengthen TRX’s position in the cryptocurrency market, briefly pushing its price above $0.092 when the report was published, after which it stabilized at $0.081, down 0.12% on the day but rising 0.9% on the weekly chart, adding to the monthly gain of 9.99%.
Kaspa (KAS)
Meanwhile, the Kaspa (KAS) platform, based on the GHOSTDAG proof-of-work (PoW) protocol, has been moving on an upward trajectory, possibly thanks to widespread speculation and anticipation regarding the project’s smart contract integration, which has generated increased interest in the crypto sphere.
Even though Kaspa is down 3.48% on the day, earlier expectations could have contributed to its 14.66% weekly rise, as well as a much more notable 41.96% rise in the past month, currently trading at $0.0367, the charts indicate.
Casper Network (CSPR)
Lastly, Proof-of-Stake (PoS) company-focused public blockchain token Casper Network (CSPR) recently broke out higher, ending at the price target of $0.04, though slowing back to $0.038. The company previously announced the tokenization and listing of equity shares on the INX broker-dealer platform, as well as a major update to its wallet.
Meanwhile, the current Casper price reflects a 3.14% decline in the last 24 hours and a slightly larger 7.9% loss of its value in the last 30 days, but still a 5.30% increase in the last week, according to the most recent chart information.
Conclusion
The aforementioned cryptocurrencies have shown the ability to stay strong when most others, including the star decentralized finance (DeFi) asset, Bitcoin (BTC), are moving slowly. However, it is important to do your own research before investing, even at a price as low as $0.10.
