Although the last year was bearish for the cryptocurrency markets, top digital assets are surging again, with Bitcoin (BTC) crossing the $35k mark. Additionally, the global crypto market cap has spiked by 2.1%, currently at $1.35 trillion. The bullish outlook has brought a lot of positive sentiment for the digital asset industry. With that said, let’s look at the top cryptocurrencies to watch in November that are under $1.
Top 3 cryptocurrency projects under $1
Since the beginning of this year, XRP has surged by almost 77%. XRP’s incredible performance this year gained additional momentum from a U.S. court ruling in the SEC vs. Ripple lawsuit that the cryptocurrency is not a security. The court’s pro-XRP ruling has turned the asset attractive for many investors.
Furthermore, XRP is continuing its rally from October and is currently up 8.7% over the last seven days. With BTC continuing its surge, there is a possibility that XRP will also follow suit.
Cardano (ADA), although an immensely popular cryptocurrency, has not had the best time in 2023. Since the beginning of the year, the token has risen by only about 24%. Rivals, such as Solana (SOL), on the other hand, have surged over 200% in the same time frame. However, ADA continues to dominate in the development aspect. Moreover, it is one of the few assets under $1 with potential for future growth.
The token has surged over 6% in the last 24 hours and over 25% in the 14-day chart. ADA might continue its rally through November.
Shiba Inu (SHIB)
SHIB is one of the most popular cryptocurrency projects. The memecoin has turned many early investors into multi-millionaires. However, in 2023, its performance has been underwhelming. Since the beginning of the year, SHIB is down by almost 2.5%. Nonetheless, the expectation of a bull run in 2024 might lead to a surge in new investors for the asset in hopes of making big returns.
The cryptocurrency is up by over 18% in 14-day charts and almost 10% in the last 30 days.