As the new week begins, the cryptocurrency market is still uncertain about its next move. While some assets are making modest progress, others are falling behind. However, there are still some cryptocurrencies available for less than $1 that could be great investment choices for traders and investors this week.
TRON (TRX)
TRON (TRX) is the native crypto asset of one of the largest and most profitable blockchains in the world. It has recently seen gains and is approaching its highs from 2021. The growth in TRON’s utility and its role in the stablecoin market are likely contributing to its surge. Currently, TRX is priced at $0.11899, with a 1.48% increase in the last 24 hours, a 4.63% increase over the previous seven days, and a 15.23% gain over the past month.
Cardano (ADA)
Cardano (ADA) experienced a surge in whale transactions in late January. The company also invested in Blockfrost API to improve its network infrastructure and accessibility for developers. ADA is currently trading at $0.5011, with a slight decline of 0.99% in the last day, a positive price change of 2.67% over the week, and a drop of 4.19% on its monthly chart.
Flare (FLR)
Flare (FLR) is a smart contracts platform that aims to bridge the gap between Ethereum (ETH) and other blockchains. It recently announced a strategic partnership with Google Cloud, which has led to a rally in its native token’s price. Flare is currently priced at $0.031, with a 5.63% improvement in the last day, a 42.83% gain across the week, and a significant surge of 72.7% over the previous 30 days.
Celo (CELO)
Celo (CELO) made news after stablecoin issuer Circle announced bringing USD coin (USDC) to the Celo blockchain. This allows USDC to launch natively on Celo. The price of Celo is currently $0.674, with a 1.42% increase in the last 24 hours, a 2.52% increase over the past seven days, and an accumulated gain of 0.79% over the previous month.
Chromia (CHR)
Chromia (CHR) is a multi-layered blockchain and relational database that aims to combine the security and permissionless features of blockchain with the efficiency of a relational database. It is preparing for its mainnet release in 2024 and has seen increased interest through an ongoing CHR airdrop. The price of CHR is currently $0.266, with a 1.68% gain on its daily chart, a weekly growth of 2.61%, and a significant advance of 12.47% across the month.
Conclusion
The above-mentioned cryptocurrencies priced under $1 per whole coin present a potential opportunity for investment this week. However, it is important to conduct your own research and risk analysis before making any investments, as the cryptocurrency market can change rapidly.
Hot Take: Cryptocurrencies Under $1 Can Be Lucrative Investments
If you’re looking for affordable cryptocurrencies with growth potential, consider those priced under $1. TRON, Cardano, Flare, Celo, and Chromia are all promising options that have shown positive price movements recently. While they may be relatively inexpensive now, their value could increase significantly in the future. However, as with any investment, it’s crucial to do your own research and assess the risks involved. Stay informed about market trends and developments in the crypto sphere to make informed investment decisions. Remember, the cryptocurrency market can be volatile, so be prepared for potential fluctuations. With careful consideration and strategic planning, investing in cryptocurrencies under $1 can be a lucrative opportunity.
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