Top 3 Cryptocurrencies To Watch This Week That Are Under $1

Paigambar Mohan Raj
Source – TradeStation

The global cryptocurrency market cap increased by 1% to $2.24 trillion today, suggesting that the market is beginning to show some signs of recovery. Bitcoin (BTC) has slightly recovered, touching $57,000 after an earlier dip below $55,000.

The latest market slump could be due to continued outflows from BTC ETFs as demand for the investment vehicle seems to have dwindled. BTC miners were also selling their holdings as the average cost of mining one BTC surpassed the $86,000 level last month. With prices low, it could be a good opportunity for new investors to enter the crypto market.

Top 3 cryptocurrencies to watch this week that are under $1

Shiba Inu:

shiba inu light waves
Source: Twitter

Shiba Inu (SHIB) is an extremely popular cryptocurrency that has a lot of potential for future growth. SHIB has risen 2.4% in the daily chart and is currently trading at $0.00001686. If the market recovers, there is a possibility that SHIB could surpass the $0.00003 level.

Also Read: Top 3 Cryptocurrencies to Watch in July 2024

CoinCodex data says that the dog-themed cryptocurrency could hit $0.00003 this week. The platform does not anticipate prices to hold at $0.00003, predicting a correction soon after.


Source – Biztech Africa

dogwifhat (WIF) is another dog-themed cryptocurrency that has displayed incredible performance over the one year. The asset’s price has taken a serious toll over the last few days falling 6.3% in the last 24 hours, 23.4% in the weekly charts, and 37.7% over the previous month.

Also Read: Top 3 Cryptocurrencies to Buy During The Market Dip

WIF is a Solana-based memecoin that could explode once the market trend reverses. The asset hit an all-time high on Mar. 31, 2024, and could reach a new peak soon.


Source: Twitter

Pepe is another popular meme cryptocurrency that could recover very soon. The asset has risen by over 3% in the hourly charts but is down 2.5% in the daily charts and over 22% in the weekly charts.

On May 17, 2024, Pepe reached its peak of $0.00001717. The asset’s price has since dropped by more than 47%. The cryptocurrency could reclaim its May level once the market recovers fully.