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Opportunities often arise in the constantly evolving world of cryptocurrency at the most unexpected moments. While eagerly awaiting the start of the next crypto bull cycle, savvy investors are exploring a range of digital assets that have yet to reach their all-time highs.
In this article, after an analysis conducted on September 15th, we shed light on 3 cryptocurrencies priced under $1 that deserve the attention of those looking to strengthen their crypto portfolios before the next rally.
How Much is XRP (XRP)?
Unsurprisingly, XRP (XRP) has positioned itself as one of the most prominent cryptocurrencies in the eyes of investors. Firstly, XRP continues its journey as the 5th largest cryptocurrency by market capitalization and is currently trading at a level significantly lower than its all-time high of $3.84, sitting below $0.5 with an 86% decline.
Its remarkable surge to above $0.8 in July also indicates its potential. However, it is important to note that the majority of future price movements depend on Ripple‘s prolonged legal battle against the U.S. Securities and Exchange Commission (SEC), where it hopes to emerge victorious for the second time.
In addition, Ripple’s CEO, earlier this week, reiterated his optimism about the lawsuit, sharing encouraging words about the “facts and the law” still being on the blockchain company’s side. As of the time of writing, XRP was trading at $0.49, marking a 1.8% increase in the past 24 hours. It is worth noting that the cryptocurrency has experienced a decrease of more than 1.4% on a weekly basis and over 20% on a monthly basis.
How Much is Cardano (ADA)?
Despite being one of the worst performing major altcoins in 2023, Cardano (ADA) continues to attract significant attention from cryptocurrency enthusiasts. Particularly, the increasing number of new unique wallet addresses for ADA, surpassing 4.2 million at the end of August, indicates the community’s continued confidence in the project, which could lead to different outcomes during the bull season.
However, downward risks may persist for Cardano’s native token, especially if it fails to maintain the critical level of $0.24. At the time of writing, ADA was trading at $0.2474, experiencing a 0.9% decrease in the past 24 hours. The altcoin has lost approximately 2.7% on a weekly basis and over 14% in the last 30 days. On the other hand, its current price being 91% lower than its all-time high of $3.1 in September 2021 may attract investors.
How Much is VeChain (VET)?
Lastly, VeChain’s native cryptocurrency, VET, seems to be garnering a lot of attention from crypto investors lately. This digital asset has shown an increase of over 10% on weekly charts, making it one of the best-performing crypto tokens.
Coinbase’s announcement of adding support for VET and other VeChain tokens, such as VeThor (VTHO), on September 12th appears to have had an impact on this surge. Naturally, a listing on Coinbase could play a significant role in the widespread adoption of VeChain, potentially acting as a significant price catalyst for its tokens. As of the time of writing, VET was trading at $0.02, with a 4.2% increase in the past 24 hours, a 10.2% increase on a weekly basis, and a decrease of over 6% on a monthly basis.
