Top 3 cryptocurrencies priced below 1 that are worth purchasing in July
Following a recent lull in the cryptocurrency market, where most assets have either remained stagnant or decreased in value, including the leading representative, Bitcoin (BTC), certain cryptocurrencies under $1 are presenting a promising investment opportunity for the upcoming month, particularly as the market reaches its lowest point.
In light of this, Finbold has carefully examined the crypto industry to identify three such digital assets that are currently trading at less than a dollar per unit and could be considered sound investment options for any crypto trader in July.
#1 Cardano (ADA)
Cardano (ADA) is one of the altcoins still priced below $1 and is showing potential for a rally, as indicated by crypto trading expert Ali Martinez. Martinez has highlighted the imminent reversal and price rebound for Cardano, citing a buy signal on the daily chart through the TD Sequential.
At the moment, Cardano is trading at $0.39, reflecting a 5.32% increase for the day and a 4.81% gain over the past week. This positive momentum comes after Cardano news, as it strives to reverse the 14.94% loss incurred in the last month.
#2 Shiba Inu (SHIB)
Shiba Inu (SHIB) is another altcoin that has displayed a buy signal on the daily chart through the TD Sequential, which often indicates potential trend reversals and continuation patterns. This comes shortly after Elon Musk reignited discussions about X payments, causing a surge in popular doge meme-themed coins.
Currently, the price of Shiba Inu stands at $0.00001731, marking a 3.93% gain in the last 24 hours, despite a 3.03% decline over the previous seven days and a 29.81% drop on its monthly chart. This is despite relevant SHIB news, based on the most recent data retrieved on June 25.
#3 Dogecoin (DOGE)
Dogecoin (DOGE) has demonstrated resilience as it climbed above $0.12, even after a significant sell-off in previous days. This has opened up the possibility of further upward movement, adding to the bullish sentiment previously expressed by Trader Tardigrade, who foresees an “incredible surge” in its future.
At present, Dogecoin is trading at $0.12331, recording a 5.41% advance on its daily chart and a 2.33% growth over the past week, as it attempts to counter the 27.40% losses incurred in the previous 30 days, according to recent information.
In conclusion, the above three cryptocurrencies priced under $1 might present a lucrative investment opportunity in July. However, while their current trends appear positive, the winds in the crypto market can easily shift, making it crucial for investors to conduct their own research.
Disclaimer:
The content on this site should not be considered investment advice. Investing carries inherent risk, and your capital is at stake when investing.