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Cryptocurrency investors display particular interest in altcoins priced under one dollar. This enthusiasm is driven by dreams of these inexpensive altcoins offering greater opportunities for profit, should their prices surge to $10 or $100. This has happened in the past. So, which altcoins priced under $1 are worth considering in July?
Harmony (ONE)
The Harmony cryptocurrency is a commitment to providing a high-efficiency, low-latency, low-fee consensus platform built to empower the decentralized economy of the future. These features enhance its appeal. ONE’s price is trending downward, with a recent minor pullback observed. This could indicate an upcoming uptrend. Should the entire market return to an uptrend, ONE token prices could rise rapidly.
Stellar (XLM)
Since the start of 2023, Stellar has seen its prices increase by over 40%. Despite severe crypto crashes within the year, Stellar demonstrated the strength of its foundations and the faith in its user base’s capabilities by weathering the storm and rising from 7 cents to 10 cents. With the anticipated return of the crypto bull market, Stellar’s strong performance positions it as a potential asset for investors looking to benefit from the next crypto growth wave.
Cardano (ADA)
One of the most significant PoS solutions, Cardano, has not seen the expected network growth. Moreover, the SEC classifying it as a security increases its risk. ADA experienced significant value increase in the first quarter of the year, but the ensuing crypto market crash brought ADA back down to the $0.25 region. Currently, ADA is slightly above this level, trading at $0.28. Considering Cardano’s strong technological foundation and the predicted return of the crypto bull run, it’s likely that ADA will recover significantly and potentially reclaim its past $1 level.
Polygon (MATIC)
2023 has been a turbulent year. The cryptocurrency MATIC started the year at a promising $0.75, and despite a 60% value increase in the first quarter, it faced severe backlash following the crypto crash and its inclusion in the SEC’s crypto blacklist. These negative impacts caused a sharp decline in MATIC’s price, down to $0.52. Fortunately, prices have stabilized and are now hovering around $0.68. With its technological capabilities and the potential to enhance Ethereum’s scalability, it’s probable that Polygon will make a strong comeback once the overall crypto market regains positive momentum.
Tron (TRX)
Lastly on the list is TRX. Despite the controversial personality of Justin Sun, the network remains highly active and, compared to other altcoins, lost less value since 2021. Starting the year strong, TRON‘s native cryptocurrency TRX entered a notable uptrend, achieving gains over 50%, reaching its current price of $0.08.
Despite market turbulence, TRX‘s consistent upward momentum indicates it may soon surpass the significant milestone of $0.1.
