Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
Is There Long-Term Potential in Sub $0.2 Cryptos? $DOGE, $ZK, $KAS, $GRT, and $CFX Explored

Is There Long-Term Potential in Sub $0.2 Cryptos? $DOGE, $ZK, $KAS, $GRT, and $CFX Explored

CoineditionCoinedition2024/07/04 17:07
By:Kelvin Munene
  • DOGE’s drop below $0.1142 suggests a potential buy opportunity if it stabilizes.
  • zkSync’s 52.87% trading volume spike indicates ongoing interest despite price decline.
  • GRT and CFX nearing critical support zones could attract bargain hunters with potential rebounds.

Amid the crypto market’s turbulent waves, a pressing question arises: can tokens priced under $0.20, like $DOGE, $ZK, $KAS, $GRT, and $CFX, offer long-term potential despite the current downturn?

These assets have captured the interest of investors searching for hidden gems. Despite the recent market struggles, the allure of these inexpensive tokens remains strong.

Dogecoin (DOGE)

Dogecoin, the pioneer of meme coins, has been particularly volatile, with its price dropping steadily over the past two days. At press time, DOGE is valued at around $0.1108, reflecting a more than 7% decrease from the previous day. This fall has broken a crucial support level at $0.1142, which had held for two weeks.

Moreover, DOGE is trading below its 20-day and 50-day simple moving averages, signaling a short-term downward trend. Should this negative momentum persist, DOGE might find support at the $0.084 level. This situation could present an opportunity for investors to buy at a lower price, potentially reaping rewards as the market eventually stabilizes.

zkSync (ZK)

zkSync (ZK) is also facing a notable downturn, with its value at $0.1621 following a significant 9% drop. This decline has caused its market cap to shrink by 9.21% to $595.62 million, placing it at 100th in the crypto rankings. Should this negative trajectory persist, zkSync might reach support around $0.15.

However, despite the price decrease, zkSync’s 24-hour trading volume has jumped by 52.87% to $287.18M. This surge in activity indicates ongoing interest in the token, suggesting a potential recovery if market sentiment improves.

Kaspa (KAS)

Kaspa (KAS) On the other hand, Kaspa (KAS) has been in a bearish phase for five days, with its price approaching the crucial 20-day SMA. If it holds, this level could indicate a trend reversal. However, if Kaspa falls below this point, it may seek support around $0.154 at the 50-day SMA, where buyers might step in to prevent further losses. Currently, Kaspa is trading at $0.1655, marking a 3% decline over the past 24 hours.

Graph (GRT)

GRT’s value has been on a steady decline, now priced at $0.1839, marking an 8.36% drop over the past day. This decrease has caused GRT to dip below critical thresholds, shrinking its market cap to $1.756 billion.

Investors are vigilantly eyeing the $0.18 support zone, which could serve as a pivotal point for a potential bounce. Should GRT stay above this threshold, it might entice buyers hunting for bargains amid the bearish sentiment.

Conflux (CFX)

Similarly, Conflux (CFX) is not faring much better, with its value falling to $0.1448, down 12.61% in the last 24 hours. Moreover, its market cap has decreased to $611 million, and like others, CFX is currently struggling to stay above the $0.143 mark.

A breach below this level could trigger further declines as selling pressure mounts, targeting the next support around $0.100. If CFX can maintain this level, it may attract investors looking to capitalize on lower prices before any potential recovery.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Florida Senator Embraces Bitcoin Strategic Reserve

Florida Sen. Joe Gruters backs Bitcoin Strategic Reserve, calling state "open for business" on crypto.A Lawmaker Champions Bitcoin in FloridaWhat the Bitcoin Strategic Reserve Could MeanFlorida’s Crypto-Friendly Reputation

Coinomedia2025/06/15 15:00
Florida Senator Embraces Bitcoin Strategic Reserve

Vietnam Legalizes Crypto Under New Digital Tech Law

Vietnam approves landmark Law on Digital Technology, legalizing crypto assets from Jan 1, 2026.Legal Recognition of Crypto AssetsA Regulated Framework Comes into ForceBoosting Tech EcosystemWhy It MattersWhat to Expect Next

Coinomedia2025/06/15 15:00
Vietnam Legalizes Crypto Under New Digital Tech Law

Presale Investors Target Early Bird Opportunity On Nexchain To Beat XRP And ADA

Nexchain leads 2025’s crypto presale scene with AI blockchain tech, $4.3M raised, and 429% ROI potential. Discover why it's the top presale crypto to buy now.Nexchain: AI Blockchain Leading The Crypto Presale MarketXRP: Legal Battle Keeps Traders On EdgeADA: Whale Accumulation Signals Long-Term ConfidenceFinal Words: Nexchain Dominates The Crypto Presale List

Coinomedia2025/06/15 15:00
Presale Investors Target Early Bird Opportunity On Nexchain To Beat XRP And ADA