The cryptocurrency market is recovering from last year’s slump after Bitcoin climbed above the $51,000 mark in 2024. The US Securities and Exchange Commission (SEC) approved the Bitcoin ETF in mid-January causing the cryptocurrency market to rally. Bitcoin, Ethereum, and other leading altcoins touched new monthly highs as an influx of institutional investments entered the market. Read here to know a realistic price prediction on how high Bitcoin could trade this year in 2024.
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Now that the cryptocurrency market remains in the green, we will highlight the top 3 coins to buy under $1 that can generate good returns. The returns could be considered for the medium-term and pull book profits while the numbers rise.
Cryptocurrency: Top 3 Coins Under $1
- Ripple (XRP)
Ripple’s native cryptocurrency XRP is currently trading at $0.53 and the SEC vs Ripple lawsuit is rumored to come to an end. Read here to know more details about how far the SEC vs Ripple lawsuit has come in the courts. If Ripple wins the settlement, its price could skyrocket reaching a new monthly high in the charts. If is advised to pull out the profits as XRP could head south after things stabilize and return to normalcy.
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- Cardano (ADA)
Cardano’s native token ADA is the star of the cryptocurrency market this month. ADA spiked nearly 25% in the last 30 days and is attracting bullish sentiments. Its price is currently trading at $0.58 and another leg-up could take it to $0.70. If Bitcoin spikes, ADA moves in tandem with the king cryptocurrency and could deliver good returns in the coming weeks.
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- VeChain (VET)
VeChain’s cryptocurrency VET is among the top-performing altcoins this year. VET steadily climbed the charts and is up close to 68% in the last 30 days. The cryptocurrency delivered stellar profits as the supply chain firm signed new agreements with several global firms. VET is among the top cryptocurrencies to watch now as it could have more upside swings in the coming weeks.
