cryptocurrencies under $1 to buy next week: Professional crypto traders are excited for a possible increase in altcoin value soon. So, Finbold picked four cryptocurrencies costing less than $1 each to buy next week, preparing for the upcoming altcoin season.
It’s important to know that the value of cryptocurrencies is better judged by their total market value rather than their price per unit. This is because the amount of cryptocurrency can vary a lot.
Basically, even tokens worth less than $1 can be worth a lot overall, but might not grow much more. We picked four cryptocurrencies of various sizes to look at.
Buy Radix (XRD) below $1 billion market cap
First, Radix (XRD) might hit a market value of $1 billion by 2024. Right now, XRD’s price is $0.042, and its total value is under $500 million.
The DeFi blockchain’s main token, XRD, which had been losing value since April 2023, is now doing better. It was worth more than $0.14 per token back then. If things keep going well, its value could increase next week.
Algorand (ALGO) above $1 billion market cap
Secondly, Algorand (ALGO) is a smaller cryptocurrency worth $1.57 billion. The ALGO coin started increasing in value in early February and has continued to go up, currently priced at $0.195 each.
If Algorand continues doing well as shown by its high daily score of 66.06, this eco-friendly blockchain might reach a new high price of $0.24.
Is VeChain (VET) ready for massive growth under $1?
Recently, Finbold suggested that VeChain (VET), priced at $0.035, might be a good investment according to expert Ali Martinez. VET is worth $3.45 billion and Martinez believes its value could increase by 1,900%.
Cardano (ADA) for well-established projects
Cardano (ADA) is a good choice for investors looking for cheap cryptocurrencies with a big market value. It’s priced at $0.60 and has a market cap over $20 billion, but it’s trying to get past this price point.
In October 2023, the token started doing better after a long period of decline, thanks to its DeFi system getting better. Also, in February, Cardano added more than 5,000 smart contracts.
Additionally, the person who created Cardano warned the cryptocurrency world about the risks that traditional banks pose to the decentralized system.
Overall, the cryptocurrency market is dealing with government rules and is very unstable. Investors should understand the risks before investing in cryptocurrencies that cost less than $1.
Disclaimer: The information on this website isn’t meant to be taken as advice for investing money. Investing involves uncertainty, and there’s a chance you could lose your money when you invest.
