Top Altcoins Under $1 To Vouch On Before 2023-24
The crypto market is going through turbulent times, and the prices of most cryptocurrencies have plummeted. Some major altcoins have also witnessed record lows.
However, it means that they can reach new heights in the next bull run. There are a few of the top cryptocurrencies that are currently trading under $1 and may rally in the coming years.
Top Altcoins Under $1 That Can Rally By 2023–24
Polygon (MATIC)
MATIC started rallying in early 2021 and touched an all-time high of $2.92 in December 2021. With a market capitalization of $7 billion and 19471.23% ROI to date, Polygon’s future prospects seem to be on the brighter side of the spectrum.
MATIC is currently trading at $0.8871 and has experienced a price slump of 3.91% in the past week and 6.09% in the last month. According to Cryptopredictions.com, MATIC will cross the $1 mark in 2023. As it has breached the $2 barrier in the past, it is very likely that it will cross the $1 mark in the next bull run.
Cardano (ADA)
With a market capitalization of $1 billion, Cardano is currently trading at $0.3002. ADA prices have declined over the past few months due to the crypto winter and the FTX crisis. Its value has gradually plummeted from $1.3 to $0.3 in the last one year. ADA recorded a record high of $3.1 last year (in September 2021).
According to Wallet Investor, investor sentiment is bearish regarding the ADA. However, the value remains the same. ADA prices can soar in the coming years as the next bull run kicks in.
Ripple (XRP)
XRP’s price skyrocketed in 2017, recording an all-time high of $3.84 in 2018. It has declined since owing to market conditions and its court battle with the SEC. XRP is one of the few major cryptocurrencies that did not achieve an all-time high during the 2020–2021 bull market.
The lawsuit’s decision will definitely have a big influence on the price of XRP. Many investors predict that XRP will surpass the $1 mark in the coming years if the court’s decision comes in favour of Ripple.
Dogecoin (DOGE)
One of the mainstream meme coins, DOGE, has lost around 12.53% in the last week and 1.88% in the last month. It is currently trading at $0.08598, with a market capitalization of $11billion.
DOGE recorded an all-time high of $0.7376 in May 2021. Investors predict that if self-proclaimed ”Dogefather” Elon Musk integrates the coin as a payment for his company’s products or services, the DOGE price will skyrocket.
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