3 must-buy cryptocurrencies under $1 for this week
Although the eagerly awaited Bitcoin (BTC) halving event is yet to make significant ripples across the cryptocurrency industry, some of its assets represent an ideal buying opportunity this week, and some of them are still available under $1 per wholecoin.
Taking this into account, Finbold has scoured the crypto sector to discover three digital assets that currently cost less than a dollar apiece but might be among the best investment choices for crypto traders and investors in the week that is currently unfolding.
#1 Dogecoin (DOGE)
Specifically, the first choice is Dogecoin (DOGE), the doge meme crypto asset that might witness a bullish rally toward $1 in the upcoming weeks, according to renowned crypto expert Ali Martinez, who observed that Dogecoin was consolidating after breaking out from a descending triangle.
Picks for you
For now, however, the price of DOGE still stands at $0.15979, below the critical price mark of $0.16 it reached earlier, recording a drop of 0.70% on the day, declining 1.87% across the past week and adding up to the accumulated loss of 4.06% on its monthly chart, as per data on April 22.
#2 Shiba Inu (SHIB)
Meanwhile, the developer team centered around Shiba Inu (SHIB) is actively working on growing the ecosystem, including the introduction of a new Layer 3 blockchain, which might increase the hype surrounding SHIB. Commenting on the development, the SHIB lead developer Shytoshi Kusama stated:
“We are excited to gain the support of such powerful VCs, angel investors, and brands as we plow towards the completion of this grand decentralized experiment.”
Currently, Shiba Inu is changing hands at $0.00002696, which suggests an increase of 1.55% in the last 24 hours, a more significant 15.74% growth across the previous seven days, as it moves to reverse the accumulated decline of 3.11% in the past month.
#3 XRP (XRP)
Finally, XRP looks primed for an explosive price action after a recent consolidation, according to pseudonymous crypto expert Egrag Crypto, based on the Analysis of the token’s historical price movements and chart patterns, including in 2017 and 2021, as Finbold reported on April 20.
Currently, the XRP token is trading at the price of $0.53377, climbing 1.09% on its daily chart and advancing 4.14% over the week, as it moves to reverse the drop of 13.84% it recorded during the past month, according to the most recent information retrieved by Finbold.
Conclusion
Ultimately, the above-mentioned cryptocurrencies under $1 might be an ideal investment opportunity this week. However, it is important to remember that the winds in the crypto market could easily start blowing in a different direction, so doing one’s own research and carefully weighing all the involved risks is adamant.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
Comments
Post a Comment