cryptocurrency market, Bitcoin It has experienced a huge increase this month after reaching an all-time high of $73,737 last week. The rise in prices enabled leading altcoins to hit new monthly highs, providing investors with decent profits. The Meme coin segment achieved the highest returns, with Shiba Inu up 280% and Pepe Coin and Floki up 450%. Most investors took profits in March and may continue to make good returns ahead of Bitcoin’s halving event.
Several analysts predicted that the cryptocurrency market could experience an upward trend until Bitcoin’s halving. This article will focus on the top 3 coins to buy under $1 that can provide good returns to investors this week.
Coins to Buy for Under $1
Ripple (XRP)
Ripple’s native cryptocurrency XRP, is currently trading around $0.62 on Monday. Bulls and whales are heavily invested in XRP as its 24-hour trading volume exceeds $1.7 billion. This development shows that the bulls have taken an entry position into Ripple’s XRP and are trying to push its price towards $1. If Bitcoin rises above $70,000 again, XRP may be more likely to surpass the next $1 mark due to positive sentiment.
Dogecoin (DOGE)
SpaceX founder Elon Musk last week dogecoinannounced that it will soon be available as an official payment method for purchasing Tesla cars. If it becomes official, Dogecoin’s price could explode as it will find use in the real-world sector where high-end luxury cars are purchased. Musk also emphasized that he is in DOGE for the long term, describing Dogecoin as the ‘cryptocurrency of the masses’.
Shiba Inu (SHIB)
Shiba Inu, has been among the best-performing cryptocurrencies this month, rising nearly 280% in 30 days. SHIB has attracted heavy bullish sentiment over the past month as investors flocked towards the token. It is predicted that the price of Bitcoin will surpass the $0.00005 mark before the halving and provide excellent profits to investors. Therefore, you may want to have the Shiba Inu on your watch list, which could turn a profit this time around.
You can access current market movements here.
