4 cryptocurrencies under $1 to buy next week

 

Skilled cryptocurrency traders anticipate an imminent expansion of altcoins with great anticipation. In order to manage the anticipated altseason, Finbold chose four cryptocurrencies priced under $1 to purchase the following week.

However, it is crucial to realize that market capitalization, not unitary price, is a more accurate way to determine the value of cryptocurrencies. This is due to the fact that cryptocurrency can be produced using any supply.


In essence, tokens with a market capitalization of $1 or less can already have a large market cap and little room for expansion. In this instance, four cryptocurrencies with varying capitalization levels were chosen.

 

Buy Radix (XRD) below $1 billion market cap

First, in 2024, Radix (XRD) might have a $1 billion market capitalization. XRD has a capitalization of less than $500 million and is presently trading at $0.042.

Notably, it appears that the layer-1 DeFi blockchain native coin, which has great promise, has reversed its downward trend from April 2023. Back then, XRD traded for more than $0.14 per token, and strong price movement might support growth the next week.

Algorand (ALGO) above $1 billion market cap

Secondly, another low-cap cryptocurrency having a $1.57 billion market valuation is Algorand (ALGO). The token, ALGO, is currently on an upward trend at $0.195 a unit after emerging from a short-term triangle in early February.

Should Algorand continue to exhibit the robust momentum shown by its daily Relative Strength Index (RSI) of 66.06, the environmentally friendly layer-1 blockchain may target a significant price resistance of $0.24.

Is VeChain (VET) ready for massive growth under $1?

After expert Ali Martinez's investigation, Finbold just announced VeChain (VET) as a trading opportunity at $0.035. Martinez claims that VET, which has a market valuation of $3.45 billion, might increase by 1,900%.

“If history repeats itself, VET could be looking at a move to $0.054 this week, a brief correction until June, and then a bull run to $0.70 by November!”

– Ali Martinez (@ali_charts)

Cardano (ADA) for well-established projects

Finally, those who like larger capitalization coins under $1 should choose Cardano (ADA). Despite having a market capitalization of nearly $20 billion, ADA is only trading at $0.60 and is struggling to break beyond this barrier.

It's interesting to note that in October 2023, the token reversed a multi-year downward trend thanks to advancements in its DeFi ecosystem. Cardano added more than 5,000 smart contracts in this context in February.


Additionally, the founder of Cardano recently cautioned the cryptocurrency community about the risks that Legacy financial institutions pose to the decentralized ecosystem.

All things considered, the bitcoin market is still quite volatile and is subject to regulatory pressure. Before investing money in cryptocurrencies priced under $1, investors need to be aware of the risks and uncertainties.

Notice: Nothing on this website should be construed as investment advice. Investing is a risky endeavor. Investing involves a risk to your capital.