Expert Picks: 4 Cryptocurrencies Under $1 to Buy Next Week
As an avid cryptocurrency trader, you’re likely excited about the potential altcoin expansion that could happen at any moment. To help you navigate this expected altseason, we have selected four cryptocurrencies under $1 that you should consider buying next week.
Buy Radix (XRD) below $1 billion market cap
First on our list is Radix (XRD), which currently has a sub-$500 million capitalization but could reach a $1 billion market cap by 2024. The token is currently trading at $0.042 and has shown promising signs of breaking out of a downtrend from April 2023. With a favorable price action, XRD could experience significant growth in the coming week.
Algorand (ALGO) above $1 billion market cap
Next up is Algorand (ALGO), a low-cap cryptocurrency with a market value of $1.57 billion. ALGO recently broke out from a short-term triangle and is maintaining an uptrend at $0.195 per unit. If the token continues its strong momentum, it could face notable price resistance at $0.24.
Is VeChain (VET) ready for massive growth under $1?
VenChain (VET) has caught the attention of expert Ali Martinez, who believes the token could see a surge of 1,900%. With a market cap of $3.45 billion, VET was identified as a trading opportunity at $0.035. Martinez predicts that VET could reach $0.054 this week and eventually climb to $0.70 by November.
Cardano (ADA) for well-established projects
Lastly, Cardano (ADA) is a cryptocurrency under $1 that offers larger capitalization. Despite trading at $0.60, ADA has a market cap of over $20 billion. The token broke out from a multi-year downtrend in October 2023 and has been making improvements in its DeFi ecosystem, including the addition of over 5,000 smart contracts in February.
It’s important to note that the cryptocurrency market is highly volatile and subject to regulatory pressures. Before investing in cryptocurrencies under $1, make sure you understand the risks and uncertainties involved.
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