The cryptocurrency market appears to be experiencing a renewed sense of optimism in the last month of 2023. Bitcoin (BTC) has exceeded $42,000, registering a 5.5% gain in the last 24 hours. Analysts are anticipating further upward movement for BTC in the coming months, especially as it approaches its next halving cycle. With expectations of a bull run in 2024, a wave of new investors may be drawn to the digital asset industry. However, recognizing that not all investors may be inclined to start with significant investments, some may be seeking opportunities among lower-priced assets with growth potential. Here are the top 3 crypto under $1 to keep an eye on this week.
Also read: Bitcoin Hits 19-Month High of $42,000; Will the Momentum Hold?
Top 3 Cryptocurrencies Under $1 To Watch This Week
Ripple (XRP)
Ripple (XRP) stands out as one of the most widely recognized cryptocurrencies. The price of XRP has spiked by 1% in the last 24 hours and is trading at $0.06236.
Observers in the cryptocurrency space anticipate increased utilization of XRP for cross-border payments by various firms. This growing adoption could present an appealing investment opportunity for new entrants in the market.
Shiba Inu (SHIB)
Shiba Inu holds a prominent position as one of the most popular meme coins. Many early investors have witnessed substantial returns, turning modest investments into significant gains.
While some may feel they missed out on SHIB’s earlier success, certain analysts suggest the token might reclaim its all-time high in the upcoming bullish market.
Notably, SHIB has experienced a 7.4% surge over the previous week, indicating positive momentum. Analysts speculate that this upward trend may persist into December 2023, positioning SHIB as a noteworthy cryptocurrency choice, particularly for those looking at options under $1.
Cardano (ADA)
The development of the Cardano token was influenced by the work of Gerolamo Cardano, an Italian polymath, and it was introduced to the market in 2017. Charles Hoskinson, the creator of Cardano, provided information regarding the Alonzo hard fork in August 2021.
Cardano is trading at $0.406 at press time, with a 3.63% surge over the last 24 hours. With the whole market exhibiting a positive movement, the price of ADA could likely surge in the coming days. This makes it one of the 3 more solid crypto choices to watch this week under $1.