After altcoins took a breather in the final weeks of December 2023, cryptocurrencies other than Bitcoin (BTC) entered 2024 with renewed optimism and currently represent a great investment for the start of the new year, some more than others, and some still available at the low price threshold below $1.
Indeed, “the hype is getting back” in the crypto markets, and altcoins are still good to invest in, as recently noted by renowned crypto trading expert Michaël van de Poppe in his X post published on December 29, in which he also explains why they are such a great investment.
#1 Cardano (ADA)
Specifically, Cardano (ADA) has reclaimed the top spot among all crypto teams through notable monthly development activities on the GitHub platform, suggesting increased efforts in expanding the related ecosystem, besides adding almost 10,000 smart contracts in 2023.
In the meantime, Cardano is changing hands at $0.6056, which represents an increase of 0.75% on the day, a negative price change of 1.4% across the past week, and a 58.68% advance on its monthly chart, according to the latest information retrieved on January 1.
#2 XRP (XRP)
At the same time, XRP (XRP) is caught in a ‘neck and neck’ race to $1 with Cardano (ADA) and on the path that could see it win this race and further skyrocket to $3.7 if history repeats itself with regards to the Super Guppy indicator, as recently reported by Finbold.
Presently, the XRP token is changing hands at $0.62, having declined by 0.09% in the last 24 hours but still holding onto the 0.79% gain across the previous week and the advance of 2.11% in the last month, as the latest charts on January 1 suggest.
#3 Algorand (ALGO)
Furthermore, the native token of the decentralized crypto transactions platform Algorand (ALGO) has attracted the attention of the mainstream as it became the blockchain of choice for the joint project of TravelX and Viva Aerobus to convert airline tickets into digital assets.
Meanwhile, Algorand is trading at the price of $0.224, which suggests a growth of 0.87% on the day and a 6.81% drop loss across the previous week. Nonetheless, it is also sustaining a 67.39% gain accumulated over the past month, according to the most recent information.
#4 Polygon (MATIC)
Although Polygon (MATIC) falls into the under $1 category for now, it has been briefly venturing into the $1+ zone recently, and it might not stay there for long as it is starting to get momentum, with continuation likely towards $1.30, according to the observations by Michaël van de Poppe.
At press time, Polygon’s crypto asset was trading at the price of $0.982, recording an increase of 2.22% in the last 24 hours. Furthermore, it was also still holding onto the 12.28% increase across the previous seven days and an advance of 25.77% in the past month, as per the latest data.
Conclusion
Overall, these four altcoins, which are still available at the price of $1 or under, represent a good buy at the start of 2024, provided that they sustain their strong foundations. However, it is important to carry out one’s own research and weigh individual risk tolerance before investing in any of them.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
