The digital asset market is witnessing another surge as we enter the last leg of 2023. Bitcoin (BTC) is testing the $44k mark, surging over 15% over the previous week. Moreover, the global cryptocurrency market cap has breached the $1.67 trillion mark, rising 0.6% in the last 24 hours.
However, as we say goodbye to 2023, let’s look at the top cryptocurrency projects under $0.50 for mid-December 2023.
Top 3 cryptocurrencies under $0.50
Cardano (ADA):
Cardano (ADA) is one of the most popular cryptocurrencies in the market. Although the token’s price struggled for most of 2023, it regained momentum towards the end. The asset has surged by over 18% in the last seven days and over 4% in the daily charts. Since January, the token’s price has surged by over 82%, which is commendable. It is one of the most developmentally active projects under $0.50.
Also Read: Cardano (ADA) Market Cap Adds $1B Amid 100% Volume Jump
ADA is down by over 85% from its all-time high of $3.09, which it attained in September 2021. With the markets forecasted to rally in early 2024, ADA’s price might hit a new all-time high next year.
VeChain (VET):
VeChain (VET) is another popular cryptocurrency under $0.50. VET’s price has surged 3.2% in the daily charts and 17% over the previous week. Since the beginning of the year, VET has risen by about 60%. Although other cryptocurrencies have performed much better, VET is a solid project with strong collaborations.
Also Read: VeChain (VET) Price Prediction: Mid-December 2023
Shiba Inu (SHIB):
Shiba Inu (SHIB) is one of the most popular cryptocurrency projects. Since its launch in August 2020, SHIB’s price has surged by many million percent. Moreover, many early investors made millions in profits. However, the SHIB wave might not be over just yet. Many analysts anticipate SHIB to hit a new all-time high in the next bull run. Moreover, the project is developing several new initiatives for the SHIB ecosystem, which could drive mass adoption.