Following Bitcoin’s (BTC) remarkable surge, which peaked with an extraordinary 34.86% gain in the previous 30 days, a simultaneous upward trend is evident throughout the broader cryptocurrency market.
Alternative digital assets exhibiting strong fundamental qualities and promising technical indicators are particularly noteworthy. These and ongoing improvements to their underlying blockchain architectures are attracting growing attention from the investment community.
With the help of fundamental indicators and technical analysis, Finbold compiled a list of the best cryptocurrencies to buy under $1, which could potentially bring future profits.
XRP
Among the three of this week’s picks, XRP (XRP) has the highest market capitalization and is among the best performers in the previous 30 days.
Recent positive news regarding this digital asset, which has seen it reach its three-month high amid the influx of whale wallets, is a particular aspect to keep an eye on, which might spell out strong performances in the future.
At the time of press, XRP was traded at the price of $0.65, which shows a -6.45% change over 24 hours, but it has recorded an impressive positive monthly change of 35.23%. With investors hoping that it can reclaim the value of $0.70 in the near future
Cardano (ADA)
Cardano (ADA) is up 52.20% year-to-date, with a past month bringing in 53.11% positive change. This results from a growing demand for its native token that investors can stake in exchange for staking rewards.
Significantly, Cardano holds the position of the third-largest cryptocurrency by Staking Market Cap, as per information sourced from StakingRewards.com. As of November 10, the Cardano network has a total staked value of $8.43 billion.
ADA is changing hands at the price of $0.38, which shows a 1.43% change over 24 hours, with a positive change of 16.72% in a week and skyrocketing 53.11% in the previous 30 days.
Polygon (MATIC)
Another strong performer is Polygon (MATIC), which has experienced a significant price increase in the previous period.
As the year concludes, there are signs that MATIC is poised to finish on a bullish note. This reflects the token’s positive sentiment, particularly considering its recovery from a negative 33% year-to-date growth in September to a positive 17.80% current year-to-date.
At the time of publication, Polygon’s price stood at $0.82, experiencing a positive 1.22% change in the 24-hour period, which continues a solid 7-day positive upscale of 24.82% and an impressive 30-day gain of 59.78%.
The crypto market intelligence platform Santiment reported that “Polygon has steadily risen to $0.80 and increased its market cap by +54% in just 3 weeks. In the past 2 weeks, the key wallets holding 100K-10M $MATIC have supported this rise by accumulating.” on November 9 in an X post.
While the mentioned cryptocurrencies may currently experience gains, the dynamic nature of the digital asset realm suggests that unexpected breakthroughs remain a possibility.
On the other hand, it’s crucial to remember that crypto assets primarily depend on the overall market sentiment, a key factor to track when entering the market.
It’s important to note that this concise list, influenced by various factors, does not assure positive returns and should be cautiously approached.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
