With Bitcoin’s halving officially complete, the cryptocurrency market may enter another bullish phase. The crypto realm is a very volatile field. Prices can sometimes take violent turns, whereby investors lose significant amounts of money. Hence, new investors may want to start with something small.
With that said, let’s look at three crypto assets under $1 to watch in May 2024.
Top 3 cryptocurrencies under $1
Shiba Inu (SHIB):
Shiba Inu (SHIB) is one of the most popular cryptocurrencies under $1. The asset is also predicted to rally in May. According to CoinCodex, SHIB could hit a new all-time high of $0.00008813 on May 24, 2024. Reaching $0.00008813 from current levels would translate to a growth of about 240%.
Also Read: Top 3 AI Cryptocurrencies To Buy For Gains As Nvidia Report Drops In May
Changelly also anticipates a bullish trajectory for SHIB in May. The platform predicts SHIB to hit a new all-time high of $0.00008739 on May 22, 2024.
XRP:
Ripple’s XRP token is another popular cryptocurrency under $1. However, XRP has seen slow growth over the last few months. One of the most significant barriers to XRP’s price is Ripple’s ongoing lawsuit with the SEC (Securities and Exchange Commission). Although a US district court ruled partially in favor of Ripple in 2023, the suit has now entered the high court, and investors await a verdict. If the high court rules similarly to the district court, we may witness a sudden surge in XRP’s price.
Also Read: Top 3 Cryptocurrencies Predicted to Hit All-Time Highs in May 2024
dogwifhat (WIF):
WIF is another popular cryptocurrency that could surge in May. The asset recently hit an all-time high of $4.83 on Mar. 31, 2024. However, according to CoinCodex, WIF could surge to a new peak in May. The platform anticipates WIF to hit $9.76 on May 24, 2024.
