Although most cryptocurrencies have entered a state of boredom, including the sector’s representative, Bitcoin (BTC), which hasn’t yet lived up to the hype built up prior to its recent halving event, some cryptos, still available under $0.10 apiece, might be a good investment in May.
Indeed, Finbold has analyzed the crypto sphere to arrive at the list of three digital assets that are currently changing hands below the price threshold of just ten cents per wholecoin and which might be among the best purchase choices for crypto traders and investors next month.
#1 SKALE (SKL)
Specifically, the first on the list is SKALE (SKL), a token of the modular blockchain network aiming to bring scalability to Ethereum (ETH) and which Michaël van de Poppe recommended as an altcoin to “generate a 3X in BTC, with the lowest amount of risk,” as the “altcoins momentum is on the horizon.”
Currently, SKALE is changing hands at $0.0845, recording a decline of 4.33% on the day, as well as losing 15.27% over the past week and accumulating a drop of 30.55% on its monthly chart, according to the most recent data obtained by Finbold on April 29.
SKALE price 24-hour chart. Source: Finbold
#2 Rubic (RBC)
Meanwhile, Rubic (RBC), the native token of the eponymous multi-chain swap protocol, last week formed an ascending triangle on its 3-day chart, suggesting a possible 70% surge, according to the analysis shared by renowned crypto expert Ali Martinez on April 25.
Rubic price action analysis. Source: Ali Martinez
For now, however, Rubic is trading at the price of $0.0308, which suggests a decline of 2.89% in the last 24 hours, a 3.23% loss across the previous seven days while also dropping 11.08% over the past month, according to the latest chart information.
Rubic price 24-hour chart. Source: Finbold
#3 Data Lake (LAKE)
Another one of van de Poppe’s recommendations is Data Lake (LAKE), a ‘smaller’ project, as he referred to it, “relatively new in the ecosystem,” and providing “an actual use case” in the form of the Data Lake Chain, which aims to create a global blockchain-based medical data donation system.
At press time, the price of LAKE stood at $0.01489, which means it has dropped 3.98% on its daily chart, adding up to the dive of 22.23% over the last week and the more significant decline of 47.66%, according to the data from crypto monitoring platform CoinMarketCap.
Data Lake 24-hour price chart. Source: CoinMarketCap
Conclusion
Ultimately, the above cryptocurrencies, presently trading below the $0.10 price level, might be a good investment for May, at least according to some crypto experts, but trends in the cryptoverse can often make a sudden shift, which is why doing one’s own research is adamant.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
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