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Finbold

12/05/2023

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3 cryptocurrencies under $1 to buy for Xmas

While Xmas bells are already chiming through the streets, the cryptocurrency industry is starting to rejoice in what looks like a ‘fresh supercycle’ led by the flagship decentralized finance (DeFi) asset,...

3 cryptocurrencies under $1 to buy for Xmas

While Xmas bells are already chiming through the streets, the cryptocurrency industry is starting to rejoice in what looks like a ‘fresh supercycle’ led by the flagship decentralized finance (DeFi) asset, Bitcoin (BTC), which has surpassed a massive price level at $41,000.

That said, although Bitcoin’s price tag at $41,512 per wholecoin might be too high for some, there are still other, cheaper assets, some that are even trading under the threshold of as little as $1, and Finbold has scoured the market to deliver the list of worthy cryptocurrency purchases for holidays this year.

#1 Cardano (ADA)

Specifically, considering its recent price action and popularity among institutional investors and whales, reflected in the surge in ADA transactions over $100,000 noted by professional crypto trader Ali Martinez, Cardano (ADA) is possibly looking forward to a continuation of the bullish trend, making it a good buy this Christmas.

Large Cardano transactions. Source: Ali Martinez

As for its price at press time, it amounted to $0.40, down 1.45% in the last 24 hours but nonetheless advancing 6.30% across the previous seven days and making more significant progress of 16.62% on its monthly chart, as per the data on December 5.

Cardano 30-day price chart. Source: Finbold

#2 Dogecoin (DOGE)

Meanwhile, Dogecoin (DOGE) managed to overcome a massive obstacle at $0.087 that Martinez earlier predicted could lead to a target of $0.14, which it could reach considering its DOGE-1 Satellite has received a green light from the National Telecommunications and Information Administration (NTIA) for its launch.

As things stand, this crypto asset is currently changing hands at the price of $0.090, recording an increase of 1.74% on the day, and adding up to the 15.09% gain on its weekly chart and the advance of 25.54% in the last month, according to the latest information.

Dogecoin 30-day price chart. Source: Finbold

#3 Polygon (MATIC)

In the meantime, Polygon (MATIC) whales have gone on a buying spree, scooping up 120 million MATIC in the last week of November, or $90 million worth of the token, as Martinez pointed out. At the same time, Coinbase International Exchange and Coinbase Advanced launched Polygon perpetual future contracts.

Large Polygon purchases. Source: Ali Martinez

For now, Polygon’s price stands at $0.79, which represents a decline of 1.07% over the past day but still an increase of 7.46% in the last week and a 14.53% growth across the past month, according to the most recent information retrieved on December 5.

Polygon 30-day price chart. Source: Finbold

Conclusion

All things considered, the above crypto assets look like solid buys this Christmas, taking into account their recent price movements, positive developments, and optimistic outlook. However, carrying out one’s own research is essential before any investment.

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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