4 cryptocurrencies under $1 to buy next week
Skip to content
Finbold Logo
4 cryptocurrencies under $1 to buy next week
4 cryptocurrencies under $1 to buy next week
Vinicius Barbosa
Vinicius Barbosa
CRYPTOCURRENCY
Feb 16, 2024
Expert cryptocurrency traders eagerly await an altcoin expansion that could happen at any moment. Thus, Finbold selected four cryptocurrencies under $1 to buy next week and navigate the expected altseason.
Nevertheless, it is important to understand that cryptocurrency value is better measured through market capitalization instead of unitary price. This is because cryptocurrencies can be created with arbitrary supplies.
Essentially, even tokens trading below $1 can already have a huge market cap, with limited growth capacity. In this context, we selected four cryptocurrencies from different levels of capitalization.
Buy Radix (XRD) below $1 billion market cap
First, Radix (XRD) could reach a $1 billion market cap in 2024. XRD is currently trading at $0.042 with a sub-$500 million capitalization.
Picked for you
3 cryptocurrencies to avoid trading next week
9 hours ago
Best life-changing cryptocurrency to buy in 2024
11 hours ago
Microsoft's Copilot AI predicts XRP price for end of 2024
12 hours ago
We asked ChatGPT what will be Ethereum price after 2024 Bitcoin halving
13 hours ago
Notably, the promising layer-1 DeFi blockchain native token has apparently broken out of a downtrend from April 2023. XRD traded above $0.14 per token back then, and a favorable price action could fuel growth next week.
XRD/USD daily chart. Source: TradingView (Finbold)
Algorand (ALGO) above $1 billion market cap
Second, Algorand (ALGO) is another low-cap cryptocurrency with a $1.57 billion market value. ALGO, the token, broke out from a short-term triangle in early February and is keeping an uptrend at $0.195 per unit.
If Algorand maintains this strong momentum illustrated by its 66.06 daily Relative Strength Index (RSI), the eco-friendly layer-1 blockchain could seek a notable price resistance at $0.24.
ALGO/USD daily chart. Source: TradingView (Finbold)
Is VeChain (VET) ready for massive growth under $1?
Recently, Finbold reported VeChain (VET) as a trading opportunity at $0.035, following an analysis by the expert Ali Martinez. VET has a $3.45 billion market cap and could see a surge of 1,900%, according to Martinez.
“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)
VET/USD weekly chart. Source: Ali Martinez (@ali_charts)
Cardano (ADA) for well-established projects
Finally, Cardano (ADA) is the pick for investors who prefer cryptocurrencies under $1 with larger capitalization. ADA is trading at $0.60 despite having more than $20 billion in market cap, fighting to overcome this resistance.
Interestingly, the token broke out from a multi-year downtrend in October 2023 with improvements in its DeFi ecosystem. In this context, Cardano added over 5,000 smart contracts in February.
Moreover, Cardano’s founder recently urged the cryptocurrency community on the dangers of Legacy financial institutions for the decentralized landscape.
ADA/USD weekly chart. Source: TradingView (Finbold)
All in all, the cryptocurrency market is facing regulatory pressures and is still a highly volatile environment. Investors must know the risks and uncertainties before deploying capital to cryptocurrencies under $1.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
Best Crypto Exchange for Intermediate Traders and Investors
Invest in 70+ cryptocurrencies and 3,000+ other assets including stocks and precious metals.
0% commission on stocks - buy in bulk or just a fraction from as little as $10.
Copy top-performing traders in real time, automatically.
Regulated by financial authorities including FCA and FINRA.
logo
2.8 Million
Users
Get Started
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.
Read Next:
CRYPTOCURRENCY
Best life-changing cryptocurrency to buy in 2024
Weekly Finance Digest
Email *
Subscribe
By subscribing you agree with Finbold T&C’s & Privacy Policy
Related posts
STOCKS
This stock is a 'must-own' for dividend investors
STOCKS
$1,000 invested in Tesla stock at start of 2024 returned
STOCKS
Disney stock hits 1-year high; What's next for DIS?
FINANCE
Expert warns of ‘most predictable forthcoming inflation crisis ever,’ blames FED and Yellen
Vinicius Barbosa
Vinicius Barbosa
CRYPTOCURRENCY
Feb 16, 2024
News
Markets
Search
Account
Menu
Finbold logo white
Facebook
Twitter
Telegram
Copyright © 2024 Finbold.com. All rights reserved. Use of this site constitutes acceptance of our Terms of Service.
News
Finance
Stocks
Cryptocurrency
Startup
Technology
Cybersecurity
Regulations
Learn
Investing Guides
Finance Guides
Cryptocurrency Guides
Banking Guides
Pages
About Us
Submit News Tip
Contact
Careers
Terms & Conditions
Privacy Policy
Disclaimer
Editorial Policies
WARNING: The content on this site should not be considered investment advice. Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence. This website is free for you to use but we may receive commission from the companies we feature on this site.
