The cryptocurrency market rallied from January to April this year delivering profits to investors who took an entry position last year. Bitcoin reached a new all-time high of $73,737 in mid-March to the days leading up to the halving event. After the halving, BTC dipped briefly in price and is now trading below the $60,000 mark on Friday. Leading altcoins like Ripple’s XRP, Cardano’s ADA, and VeChain’s VET are moving down in the charts this month in May 2024.
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Cryptocurrency: Top 3 Coins Under $1 To Buy in May 2024
1. Ripple (XRP)
Ripple’s native cryptocurrency XRP is hovering around the $0.51 mark and dipped by 1.5% this month. XRP has a good chance of reaching the $0.60 price level if Bitcoin begins to climb up in the charts. Ripple’s XRP moves in tandem with Bitcoin’s price and post the halving event, BTC has more chances of hitting $65,000 next.
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2. Cardano (ADA)
Cardano’s native token ADA is hovering around the $0.44 price range on Friday. ADA is receiving a large trading volume touching $340 million this week. Cardano’s ADA is consolidating in price and a leg-up from here could push the cryptocurrency to climb above the $0.50 mark in May 2024. That’s an uptick and return on investment of nearly 15% from its current price.
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3. VeChain (VET)
VeChain (VET) was among the top-performing assets in the cryptocurrency market in Q1 of 2024. It spiked nearly 80% between January to March riding the hype of the Bitcoin halving event. However, its price dipped to a $0.035 level this month in May 2024 shedding most of its gains.
Now that the BTC halving event is over, a spike in BTC’s price could catapult VET in May 2024. VET has more chances to rise this month as VeChain mostly moves in tandem with Bitcoin’s price.