In October, the cryptocurrency markets experienced a resurgence in optimism, as numerous projects displayed positive performance. Bitcoin (BTC), the pioneer cryptocurrency, reached a fresh annual peak, exceeding the $34,000 threshold. Several experts are predicting a bullish trend in early 2024, driven by BTC’s upcoming halving event and the potential approval of a spot BTC ETF (Exchange Traded Fund). With the expectation of another bullish phase in the cryptocurrency market in early 2024, it’s worth exploring the top 3 cryptocurrencies priced below $1.
Sub-$1 Crypto Wonders
Shiba Inu (SHIB)
Shiba Inu (SHIB) stands out as one of the highly favored cryptocurrency endeavors. In the previous bull market, SHIB saw a remarkable ascent, skyrocketing from approximately $0.000007 to a record peak of $0.00008616 in just one month, marking an extraordinary increase of more than 1130%. A comparable trend might reasonably be foreseen for this renowned memecoin in the upcoming bull market.
Furthermore, numerous analysts are envisioning that well-liked assets will attain unprecedented price levels. Consequently, the potential for SHIB to surge by over 1500% during the forthcoming bull run is within the realm of possibility.
Dogecoin (DOGE) is yet another well-liked cryptocurrency that has transformed numerous investors into individuals with multi-million dollar holdings. Just before the onset of the previous bull market, DOGE reached an all-time peak of $0.73. Many experts are projecting that DOGE is poised to reach the $1 milestone in the upcoming bullish phase. Furthermore, there is considerable speculation surrounding DOGE’s involvement in an upcoming payment feature by X, even though there is no official confirmation regarding DOGE’s role in this payment tool. Nevertheless, DOGE remains one of the most favored cryptocurrency assets, with substantial potential for achieving a new record high in the next bull market.
Similar to Dogecoin (DOGE), XRP reached its peak value well in advance of the preceding bullish market cycle. Yet, it’s plausible that the legal action brought against Ripple by the SEC (Securities and Exchange Commission) hindered XRP from experiencing substantial gains during the last bull run. Nevertheless, there’s been a recent development as a U.S. court has ruled in favor of XRP not being classified as a security. This favorable judgment might potentially pave the way for XRP to achieve new record highs in the upcoming bull market.