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Finbold

04/12/2024

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3 cryptocurrencies under $1 to buy for next week

As another week draws towards its conclusion, many assets in the cryptocurrency sector are still trying to decide on their next move, with some making modest advances and others trailing behind. Then, there...

3 cryptocurrencies under $1 to buy for next week

As another week draws towards its conclusion, many assets in the cryptocurrency sector are still trying to decide on their next move, with some making modest advances and others trailing behind. Then, there are those that are showing potential and still available under $1 apiece.

In this context, Finbold has analyzed the cryptoverse to arrive at the list of three crypto assets that currently cost less than a dollar per wholecoin but might represent some of the best purchase choices for crypto traders and investors in the week to come.

#1 Cardano (ADA)

Although Cardano (ADA) has not made any significant movements in either direction in recent weeks, this trend could soon come to an end, with the potential to increase its price by 17% if a short squeeze liquidates the short sellers accumulated recently, as Finbold reported.

Picks for you

ADA liquidation heatmap
ADA liquidation heatmap. Source: CoinGlass

For now, however, Cardano is changing hands at $0.568, recording a decline of 3.18% on the day, a decrease of 0.92% across the past week, and a loss of 23.95% over the previous month, according to the most recent chart data retrieved on April 12.

Cardano price 7-day chart
Cardano price 7-day chart. Source: Finbold

#2 Dogecoin (DOGE)

Meanwhile, Dogecoin (DOGE) has been demonstrating a bull flag and, if it manages to break out of it, and above $0.20, its next target might be a massive $0.40, according to the recent observations shared by a pseudonymous crypto trading expert Trader Tardigrade. 

Dogecoin price chart pattern analysis
Dogecoin price chart pattern analysis. Source: Trader Tardigrade

At press time, DOGE was trading at the price of $0.193, which suggests a 0.11% gain in the last 24 hours, an increase of 11.29% during the previous seven days, as well as an accumulated advance of 13.95% on its monthly chart, as per the latest information.

Dogecoin price 7-day chart
Dogecoin price 7-day chart. Source: Finbold

#3 Degen (DEGEN)

Finally, Degen (DEGEN), a meme coin that aspires to serve as a gateway for users from various blockchain networks, has been rising as a competitor to the long-established cryptocurrencies like Dogecoin, Shiba Inu (SHIB), and others, and has even eclipsed DOGE in weekly active traders.

Meme coins’ weekly active traders
Meme coins’ weekly active traders. Source: IntoTheBlock

In terms of its current price, the newcomer to the meme coin playing field has advanced 6.38% on its daily chart, made a more significant increase of 179.70% over the week, with an even more impressive 511.90% gain since its launch on March 13, 2024, and is currently trading at $0.00007339.

Degen price 7-day chart
Degen price 7-day chart. Source: CoinMarketCap

Conclusion

All things considered, the above cryptocurrencies might represent a good opportunity to grow one’s portfolio in the next week but trends in this sector can sometimes change without warning, which is why it is important to carry out one’s own research before investing.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

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Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


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