Now that Bitcoin’s halving event has concluded, the cryptocurrency market could embark on a fresh bullish journey. The world of crypto is notorious for its volatility, often leading to dramatic price swings and potential losses for investors. Therefore, newcomers might prefer starting with modest investments.
Keeping that in mind, here are three intriguing crypto assets priced under $1 that deserve attention in May 2024.
Top 3 cryptocurrencies under $1
Shiba Inu (SHIB):
Shiba Inu (SHIB) stands out as a highly sought-after cryptocurrency trading below the $1 mark. There’s considerable anticipation for its potential surge in May. CoinCodex forecasts a remarkable milestone for SHIB, projecting a new peak of $0.00008813 by May 24, 2024. Achieving this target from its current position would signify an impressive growth of approximately 240%.
Changelly also anticipates a bullish trajectory for SHIB in May. The platform predicts SHIB to hit a new all-time high of $0.00008739 on May 22, 2024.
XRP
XRP, Ripple’s digital token, emerges as another favored cryptocurrency trading below the $1 threshold. Despite its popularity, XRP has experienced sluggish progress in recent months. The primary obstacle hindering XRP’s value lies in Ripple’s ongoing legal battle with the Securities and Exchange Commission (SEC). While a district court ruling in 2023 provided some relief for Ripple, the case has escalated to higher courts, leaving investors in anticipation of a final judgment. Should the higher court echo the district court’s decision, XRP’s price may undergo a sudden and substantial uptick.
dogwifhat (WIF):
WIF emerges as another sought-after cryptocurrency poised for potential growth come May. Despite reaching an impressive all-time high of $4.83 on March 31, 2024, recent projections from CoinCodex suggest that WIF may have further room to soar. According to their analysis, WIF could potentially reach a new pinnacle of $9.76 by May 24, 2024.
