From Shiba Inu to BabyDoge, Top 5 Altcoins Under $0.00001 to Watch

From Shiba Inu (SHIB) to BabyDogeCoin (BabyDoge), these are some of the top altcoins under the $0.00001 price to pay close attention to.

The cryptocurrency scene presents multiple opportunities for market participants to cash in on the volatile nature of the market. While some assets have clinched prices beyond $1, others are only valued at pennies, giving investors a chance to procure more for less.

This article highlights some of these cryptocurrencies that have shown some promise over the past few months. These crypto assets are worth paying close attention to, as market analysts have spotlighted their impressive price performances.

ApeNFT (NFT)

ApeNFT started the year on favorable grounds, having breached the $0.0000004484 price territory on Jan. 2 amid a sustained price rally. NFT eventually rallied to a high of $0.0000004642 that day before witnessing a price collapse.

The next day came with a market-wide turbulence that saw ApeNFT surrender the gains of Jan. 2 and relinquish the $0.0000044 price support. ApeNFT was one of the biggest losers of the market storm, with its losses extending to Jan. 8, resulting in a drop below $0.0000004. 

The token hit a discouraging low of $0.0000003991 on Jan. 8, representing a 14% drop from the Jan. 2 high of $0.0000004642. Despite the recovery campaign recorded by Bitcoin (BTC) and the broader crypto market, ApeNFT has remained below the $0.0000004498 level.

The latest market slump, which began on Jan. 11, has compounded the token’s bearish pressure. However, this trend has not impacted market sentiments. Currently trading for $0.00000043, ApeNFT currently trades within a bullish pennant, signaling a looming breakout.

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Shiba Inu (SHIB)

Shiba Inu has recorded increased social activity of late amid its impressive resilience in the face of the latest market-wide bearishness. SHIB collapsed with the rest of the market on Jan. 11, dropping from a high of $0.00001050 to $0.000000931 the next day.

The token continued to face downward pressure but defended the $0.000009 psychological price threshold. SHIB gave in to the bears on Jan. 18, eventually dropping below $0.000009 to $0.00000896 and collapsing to a low of $0.00000879 on Jan. 19.

However, this drop below $0.000009 was momentary, as the asset immediately reclaimed the price level. Shiba Inu now trades for $0.00000957, up 8.8% from the $0.00000879 low. Shiba Inu’s daily RSI has continued to increase, showing strength on the daily timeframe.

The crypto asset has defended its turf better than most other tokens. SHIB aims to leverage the $0.000009 territory for a rally beyond $0.00001 whenever the market re-enters an uptrend phase. The asset would meet fierce resistance at $0.00000970 and $0.00001031.

BitTorrent (BTT)

BitTorrent has been battered by the bears amid the ongoing market storm, but market analysts continued to watch out for a potential price resurgence. This has placed the crypto asset as one of the top altcoins under $0.00001 to look out for.

BTT recorded two consecutive intraday gains at the start of the year, surging to a high of $0.000001283 on Jan. 2. However, the Jan. 3 market slump triggered a massive price drop, as the asset recorded an 8.48% intraday collapse, its largest intraday loss this year.

BitTorrent has continued to see lower lows since then. A momentary recovery campaign on Jan. 11 was summarily foiled by the bears, leading to a continuation of the downtrend. 

Nonetheless, BTT has retested a decisive juncture at the $0.00000094 support. The last time the asset reached this level was on Dec. 9, 2023. However, the retest of the price point resulted in a masive 32% price surge on Dec. 10. Analysts expect a similar recovery in the coming days.

BabyDogeCoin (BABYDOGE)

BabyDogeCoin is one of the top 5 altcoins under $0.00001 to watch due to its potential for massive surges in the event of a market uptrend. BABYDOGE recorded occasional price spikes that placed it in the limelight throughout late last year.

However, this year has not been favorable to the memecoin. The crypto token is already 18% down this year, currently trading within a descending channel that has breached the pivotal $0.0000000012 psychological threshold.

Amid the collapse, BabyDogeCoin appears to have witnessed a double bottom pattern, which signals a looming price reversal. The token trades for $0.000000001178, looking to reclaim the pivotal Fib. 0.382 at the $0.000000001287 price point.

Bitgert (BRISE)

Bitgert (BRISE), the native token of the Bitgert chain aimed at rewarding stakers, had an impressive run at the start of last December. However, this run was foiled by the bears, leading to a massive drop for the asset since it hit the $0.00000030 high on Dec. 3, 2023.

BRISE has continued to drop since then, having recently dropped to the November 2023 low of $0.00000014. BRISE experienced a similar period of steep dumps in October 2023 before it eventually surged 130% to the $0.00000030 high last December.

Market watchers expect a similar price recovery for the token. Such a resurgence could be supported by a renewal of investor confidence, and an uptrend in the broader crypto market. Bitgert’s CCI has dropped to -110.80, indicating a massive oversold condition.

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• Source: https://thecryptobasic.com/2024/01/21/from-shiba-inu-to-babydoge-top-5-altcoins-under-0-00001-to-watch/?utm_source=rss&utm_medium=rss&utm_campaign=from-shiba-inu-to-babydoge-top-5-altcoins-under-0-00001-to-watch