3 Cryptos Under $1 To Buy For Short-Term Gains
Release: 2024/05/04 01:04 Reading: 834
3 Cryptos Under $1 To Buy For Short-Term Gains
As the crypto market navigates a sluggish week, a select few have exhibited substantial gains. While a full recovery remains elusive, Bitcoin has experienced a notable uptick, reaching the $61 range, a promising sign. In anticipation of market resurgence, we delve into three top cryptocurrencies under $1 that present attractive opportunities for short-term profit.
Dogecoin (DOGE)
Dogecoin, the reigning "meme king," boasts immense popularity, ranking eighth on CoinmarketCap. Its potential for a 5X surge in the near future is undeniable. Currently trading at $0.1389 with a market cap of $20,018,437,322, Dogecoin has witnessed a 4% rise in a single day. Its enduring popularity, support from influential figures like Elon Musk, and affordable price make Dogecoin an ideal asset for any investor's portfolio.
Wormhole (W)
Wormhole, a bridge facilitating communication between blockchains, is another standout under $1. It recently reached an all-time high of $1.61, but has since retreated by 53%. However, the token has regained momentum, surging over 24% in a week, pushing its value to $0.7342. With a solid market reputation and a ranking of 66th on CoinmarketCap, Wormhole possesses a market cap of $1,321,570,989 and a trading volume of $288,931,203. Despite the market downturn, Wormhole has maintained an upward trajectory, and if the trend persists, it may surpass the $1 mark soon.
Mina (MINA)
Mina, the native token of the Mina Protocol, has experienced a 4% daily increase, currently valued at $0.8342. Its market cap stands at $915,386,607, with a trading volume of $18,830,333. Mina had previously traded above $1 but declined with the market. However, it is now aiming to regain that level. Analysts predict a target price of $2.90 for Mina this year, with a potential bull run pushing its value even higher than its previous all-time high of $9.91.
Conclusion
With market sentiment remaining neutral, many investors are embracing short-term trading strategies. The crypto market has been hovering sideways, resulting in minimal price fluctuations. As a result, traders have gravitated towards these cryptos under $1 due to their impressive resilience during the market downturn.
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