The cryptocurrency market is booming this month after Bitcoin touched a new all-time high of $73,737 last week. The spike in price made leading altcoins touch new monthly highs generating decent profits to investors. The meme coin segments delivered the highest returns as Shiba Inu spiked 280%, and Pepe Coin and Floki climbed 450%. The majority of holders enjoyed profits in March and could continue printing good returns before the Bitcoin halving event.
Also Read: Shiba Inu: Investment of $4,400 Grows To $50 Million Today
A handful of analysts have predicted the cryptocurrency market could experience an upward trajectory leading up to the Bitcoin halving. In this article, we will highlight the top 3 coins to buy under $1 this week that could deliver good profits to investors.
Cryptocurrency: Coins To Buy Below $1 For Decent Returns
- Ripple (XRP)
Ripple’s native cryptocurrency XRP is currently hovering around the $0.62 mark on Monday. Bulls and whales are now investing heavily in XRP as its 24-hour trading volume surpassed the $1.7 billion mark. The development suggests that bulls are taking an entry position into Ripple’s XRP and trying to push its price towards $1. If Bitcoin climbs above $70,000 again, then XRP has more chances of breaching the $1 mark next due to positive sentiments.
Also Read: Ripple: Could XRP Be Headed for $1 After the Bitcoin Halving?
- Dogecoin (DOGE)
SpaceX founder Elon Musk announced last week that Dogecoin could soon be used as an official payment method to buy Tesla cars. If made official, Dogecoin’s price could boom as it will find use-case in the real-world sector of buying high-end luxury cars. Musk also called Dogecoin ‘the cryptocurrency of the masses’ highlighting that he’s into DOGE for the long term.
Also Read: Dogecoin: Elon Musk’s Tesla To Enable DOGE Payments
- Shiba Inu (SHIB)
Shiba Inu is among the top-performing cryptocurrencies this month as it spiked nearly 280% in 30 days. SHIB attracted heavy bullish sentiments with investors flocking towards the token last month. Its price is predicted to breach the $0.00005 mark before the Bitcoin halving and could deliver stellar gains to investors. Therefore, Shiba Inu (SHIB) must be on your watchout list that can generate profits this time around.
