The cryptocurrency markets saw a rejuvenated enthusiasm in October, with many projects turning green. Bitcoin (BTC), the original crypto, hit a new yearly high, surpassing the $34k mark. Many analysts anticipate a bull run in early 2024 fueled by BTC’s upcoming halving event and the possibility of a spot BTC ETF (Exchange Traded Fund) seeing approval. With the anticipation of another bull run for the crypto market in early 2024, let’s take a look at the top 3 cryptocurrencies under the $1 mark.
Top 3 Cryptocurrencies to Watch Under $1
Shiba Inu (SHIB)
Shiba Inu (SHIB) is one of the most popular cryptocurrency projects. During the last bull run, SHIB went from around $0.000007 to an all-time high of $0.00008616 within about one month. The surge was a growth of over 1130%. A similar pattern could be anticipated from the popular memecoin in the next bull run as well.
Moreover, many analysts expect popular assets to hit new all-time highs. Hence, we could see a growth of over 1500% for SHIB during the next bull run.
Dogecoin (DOGE) is another popular cryptocurrency that has turned many investors into multi-millionaires. OGE hit an all-time high of $0.73 just before the previous bull run started. Many analysts expect DOGE to hit the $1 mark in the next bull run. Moreover, there is a lot of talk about DOGE’s inclusion in X’s upcoming payment feature. However, there is no official confirmation of DOGE’s role in the payment tool.
Nonetheless, DOGE is one of the most popular cryptocurrency assets and has significant potential for a new all-time high during the next bull run.
Like Dogecoin (DOGE), XRP hit its all-time high much earlier than the last bull run. However, the lawsuit against Ripple by the SEC (Securities and Exchange Commission) is one possible reason why XRP did not rally much during the last bull run. Nonetheless, a US court has now ruled in favor of XRP not being a security. The ruling could see XRP hitting new highs during the next bull run.