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As we enter 2024, investors are once again focusing on cryptocurrencies priced below one dollar. Perhaps, with the arrival of 2024, the excitement in cryptocurrencies is indeed reviving, and as famous crypto analyst Michaël van de Poppe mentioned in his December 29 post, altcoins may still be a good investment opportunity.
Cardano (ADA) Coin Reviews
Firstly, Cardano (ADA) has garnered attention. Climbing to the top of all crypto projects in terms of monthly development activities on the GitHub platform, Cardano has shown a significant increase in efforts to expand its ecosystem in 2023, including nearly 10,000 smart contract additions.
This increase in development activities could have a noticeable impact on the altcoin’s price performance in 2024.
Additionally, Cardano experienced a 0.75% increase during the day on January 1st, according to data from 21milyon.com. Over the past week, it hosted a negative price movement of 1.4%. On a broader examination, it is trading at $0.6056, reflecting a monthly price increase of 58.68%.
XRP (XRP) Reviews
XRP, often at the forefront of cryptocurrencies, appears to have a very stable price movement. The price had soared following the SEC decision in July of last year, but then it might have given back all the gains.
In 2024, filled with hopes for investors, XRP could rise to $3.7 according to Crypto EGRAG’s analysis using the Super Guppy indicator, if events repeat themselves.
As of the time of writing, XRP is trading at $0.62. There has been a negligible decline of 0.09% in the last 24 hours, but as the latest charts from January 1st show, it maintains the previous week’s gain of 0.79% and a monthly progress of 2.11%.
Algorand (ALGO) Current Status
Another notable project, Algorand (ALGO), has taken a significant step. Algorand, chosen as the blockchain for the joint project with TravelX and Viva Aerobus to convert plane tickets into digital assets, has attracted all the attention.
As of the time of writing, Algorand is finding buyers at $0.2301. The 24-hour price change indicates a positive growth of 1.67%. ALGO experienced a 6.81% decrease compared to the previous week, but a 67.39% gain over the past month has caught the attention of investors.
The Future of Polygon (MATIC)
Lastly, Polygon (MATIC), although frequently visiting the $1 level, is currently below this region. According to Michaël van de Poppe, due to its gained momentum, it may not stay below the $1 level for long and could soon move towards $1.30.
As of the time of writing, Polygon’s crypto asset is trading at $0.9945 and has experienced a 1.11% decrease in the last 24 hours. It is also observed to have a 12.28% increase over the past seven days, and last month’s 25.77% rise has undoubtedly pleased investors.
