As New Year’s Eve approaches, excitement in the cryptocurrency market remains, albeit somewhat toned down, after the sector’s representative asset, Bitcoin (BTC), returned below the price threshold at $42,000, but many other cryptocurrencies are still trading in the green zone, with an optimistic outlook.
With this in mind, Finbold has analyzed the crypto sphere to arrive at a list of three cryptocurrencies under $1 (for now) per wholecoin, which might be among the greatest buys this New Year’s for those investors willing to spend their money on more than just fireworks and champagne.
#1 Cardano (ADA)
In addition to boasting a particularly successful year, during which Cardano (ADA) has managed to grow its price by as much as 140%, the currently eighth-largest crypto asset by market capitalization has also crossed the milestone of $395 million in total value locked (TVL), signaling more success.
Currently, Cardano is changing hands at the price of $0.588, which indicates a 5.39% gain on the day, an advance of as much as 47.09% over the week, in addition to racing 51.30% in the last month, according to the latest information retrieved on December 12.
#2 Dogecoin (DOGE)
Despite returning below the previously conquered threshold of $0.10 it reached for the first time since April, Dogecoin (DOGE) is nonetheless demonstrating bullish momentum upon zooming out, making its decline “nothing more than a normal weekly pullback before pushing higher,” as analyst The Coach noted.
Meanwhile, the popular doge-inspired meme token is recording a price of $0.096, which is a 2.15% decline in the last day, but still hanging onto the 9.03% gain across the past week, and a more significant increase of 21.07% accumulated during the previous 30 days.
#3 Loopring (LRC)
A scaling solution that leverages its technology on Layer 2 of the Ethereum (ETH) network, Loopring (LRC) has experienced massive gains in recent days, with crypto trading experts predicting a possible bullish explosion that could trigger a 500% rally for it in the near future, as Finbold reported on December 10.
Indeed, Loopring was at press time trading at the price of $0.254, recording a 4.49% increase in the last 24 hours, adding 8.98% across the previous seven days, and gaining 3.96% on its monthly chart, according to the latest price data on December 12.
Conclusion
All things considered, the above cryptocurrencies under $1 certainly look like a potentially very lucrative investment for this New Year’s from the current viewpoint. However, it is important to carry out one’s own research and weigh the acceptable risks before investing any significant amount into any asset.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
