While many investors are constantly on the lookout for the next pick below $1, a number of cryptocurrencies under $0.10 are also presenting themselves as potential picks for the next week. Three of them stand out: Shiba Inu (SHIB), Pump.fun (PUMP), and Pepe (PEPE).
Currently trading at $0.00000100, SHIB has gained 3.25% on the daily chart, although it’s still down 1.3% on the week and 19% the past month. Still, the meme coin has seen some positive developments this month that could perhaps turn the tide in the short run.
Namely, Shiba Inu introduced a major upgrade to the Shibarium Bridge in October this year, adding more security tools, including a blacklist mechanism and a mandatory seven-day withdrawal delay. Following the news, SHIB’s daily burn rate skyrocketed 1,200%.
What’s more, the dramatic shift in 24-hour netflow today, which dropped by nearly 150 trillion SHIB according to TradingView, means that more tokens are flowing off exchanges and into private wallets, which typically signals accumulation and long-term conviction.
Jumping more than 11% over the past seven days and trading at $0.004480 at publication time, PUMP is one of the top gainers this week.
The ongoing price action suggests a strong recovery from the early-October lows. Indeed, the asset has kept forming a rising channel on the daily chart up until today, signaling sustained bullish momentum. If the trend continues over the weekend, the token could really explode in early November.
Part of the renewed enthusiasm stems from recent developments, including the acquisition of the Padre App and the rollout of mobile notification features, which have greatly boosted user engagement.
PEPE was around the $0.0000065 level at press time, up 1.24% on the day and down 7% on the week. While the recent price action may appear muted, the asset is trading within a favorable accumulation zone, which often precedes renewed buying interest.
Technical momentum indicators are also turning positive. For instance, the moving average/convergence divergence (MACD) has begun to trend bullish, and the asset is approaching a key Fibonacci barrier above the 0.382.
What’s more, whale wallets have reportedly added around 0.22 trillion PEPE during price dips this month, hinting at quiet accumulation.
Ultimately, a lot of risk is involved with tokens trading at the fraction of a penny, but for investors with a higher risk appetite, cryptos such as SHIB, PUMP, and PEPE also come with a lot of potential upside if liquidity flows back into altcoins.
