Many analysts expect another bull run for the cryptocurrency market in 2024. Researchers cite the next Bitcoin (BTC) halving and the possibility of a spot BTC ETF (Exchange Traded Fund) in 2024 as potential drivers for the next bull market. The probability of a bull run could see the entry of many new investors in the crypto space.
While some investors may want to go for the heavyweights, such as BTC or Ethereum (ETH), others may want to start small. Hence, let’s look at some crypto tokens under $0.50 that could rally next year.
Top 3 cryptocurrency projects under $0.50
Cardano (ADA):
Cardano (ADA) is one of the most popular altcoins out there. It is also one of the most developmentally active projects in the cryptocurrency space. Since January, ADA has surged by over 50%. Although rivals such as Solana (SOL) have risen by over 400%, ADA’s performance is still commendable.
Also Read: Cardano (ADA) Forecasted To Rise 90%, Hit $0.75: Here‘s when
ADA reached its all-time high in September 2021, about two months before BTC’s peak. We may see a similar pattern in the next bull run as well.
VeChain (VET):
VeChain (VET) is another popular cryptocurrency with decent returns in 2023. Since January, the token’s price has surged by around 40%. VeChain (VET) is a supply chain-based project that is involved with a lot of climate and environment-related initiatives. Since we live in a climate-conscious world, VET has a lot of potential for growth in the future. The project has also collaborated with many global firms, such as Amazon.
Also Read: VeChain (VET) Price Prediction: November-End
VET is currently down by over 90% from its all-time high, and the asset may touch those levels again in the next bull run.
Shiba Inu (SHIB):
Shiba Inu (SHIB) is one of the most popular memecoins in the cryptocurrency space. Although the token has struggled in 2023, analysts anticipate it to regain momentum in 2024. Moreover, the SHIB team is working on several new initiatives for the project that could bring more use cases for the popular cryptocurrency.
Also Read: Shiba Inu: Here’s How To Make $20 Million When SHIB Hits $0.01
SHIB is also down by over 90% from its all-time high, and many expect it to reach a new peak in the next bull run.