The cryptocurrency market seems to be rebounding from its recent dip. Bitcoin (BTC) has reclaimed the $58,000 level, and the global crypto market cap has risen 1.3% in the last 24 hours to $2.14 trillion.
The rebound is likely due to US inflation falling to 2.5% in August 2024, lower than expectations. With an interest rate cut planned for later this month, the crypto market may witness a sudden inflow of funds. Rate cuts usually lead to more investments in risky assets.
Let’s find out three top crypto assets under $1 for the long term.
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Top 3 Cryptocurrencies Under $1 For The Long Term
1. XRP
Ripple’s XRP token is one of the most utilized currencies for cross-border remittances. The cryptocurrency’s performance was somewhat lacklustre over the last few years, likely due to Ripple’s lawsuit with the SEC. With the suit out of the way, XRP is poised for significant gains in the future.
According to Changelly’s analysis, XRP’s price will breach the $7 mark over the next six years, hitting $7.54 in 2030. Reaching $7.54 from current price levels would translate to a rally of about 1322.6%.
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2. Cardano (ADA)
Cardano (ADA) is one of the most developmentally active cryptocurrency projects. A project with good developmental activity will likely do well over the long run with innovation and ideas.
Changelly researchers anticipate the cryptocurrency hitting a maximum price of $4.21 in 2030. Reaching $4.21 from current prices would translate to a rally of about 1102%.
3. TRON (TRX)
TRX is another cryptocurrency under $1 that could give good returns over the long term. The project has a robust foundation and could give hefty returns over the next few years.
Changelly researchers anticipate the token to hit a maximum price of $1.84 in 2030. Reaching $1.84 from current prices will translate to a rally of about 1126%.
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