With the first month of 2023 almost through, the majority of the conversation in the cryptocurrency sector revolves around its two well-known representatives – Bitcoin (BTC) and Ethereum (ETH). However, there are several assets that are as deserving of investors’ attention and are available for less than a dollar.
Cryptocurrency Under $1 Price
With this in mind, Finbold has studied the cryptocurrencies that can still be purchased for $1 or less to come up with a list of five that have the finest features and ability to flourish in this category (in no particular order), making them worth watching in February.
1. Cardano (ADA)
The Cardano (ADA) team, which boasts the status of the crypto protocol with the highest development activity in 2022, has many more updates up its sleeve, including its Djed stablecoin, which is set to launch in the final week of January, and new functions for its Plutus smart contracts, which are scheduled for February.
Cardano was trading at $0.36 at press time, down 4.21% on the day but still up 3.88% on the week and 38.64% over the previous 30 days.
2. XRP (XRP)
Due to its intimate relationship with the blockchain business, XRP (XRP), which is at the focus of a long-running litigation between Ripple and the United States Securities and Exchange Commission (SEC), is bound to react strongly to the final ruling. The odds are currently to Ripple’s advantage.
XRP also has a high market value, which is currently above $20 billion after receiving an infusion of more than $1 billion in less than 24 hours, making it the sixth-largest digital asset by this metric, as Finbold reported on January 23.
XRP is currently trading at $0.41, a 3.42% decrease over the previous 24 hours, with weekly gains of 4.76% and monthly gains of 17.24%.
3. Shiba Inu (SHIB)
According to data from January 20, the dog meme crypto token Shiba Inu (SHIB) has had a great start to 2023, remaining among the crypto market’s most undervalued assets based on short and long-term returns, designating it a lower-risk investment.
Furthermore, Shiba Inu was the most popular non-stablecoin digital asset for first-time crypto investors in the week preceding January 22, and the SHIB team has been hard at work on the ecosystem, releasing plans for its long-awaited layer 2 blockchain Shibarium.
At the time of publication, the price of SHIB was $0.00001126, down 5.53% from the previous day but up 6.98% for the previous seven days and 36% over the month.
4. Dogecoin (DOGE)
Meanwhile, Shiba Inu’s major rival Dogecoin (DOGE) has been on a roll as well, with IntoTheBlock data showing that 60% of Dogecoin holders are making money at the coin’s current price, while 37% are losing money and 3% are breaking even.
At press time, the price of this meme token was $0.08416, a decrease of 4.71% on the day and 3.22% over the week, but an increase of 11.34% over the previous 30 days.
Read more: Bitcoin price maintains above $23,000: Accumulation or Consolidation?
Cryptocurrency With 10x Growth
There are already over 20,000 cryptocurrencies on the market, making it difficult for a newcomer to choose. As a result, we’ve compiled a list of the top 5 cryptocurrencies with a 100x growth potential in February 2023.
1. Cardano
Cardano (ADA) is one of the largest cryptocurrencies by market capitalization, and it has recently soared beyond $0.3914 with a 24-hour trading volume of $411,729,013 as bulls attempt to push the price above the overhead resistance. If everything went as planned, the ADA price may skyrocket to $0.44.
2. Avalanche
Avalanche was formerly among the top ten in terms of market capitalization, and with a current price of $20.65 and a 24-hour trading volume of $852,078,267, the coin is poised to repeat history. If the price rises over the resistance line, AVAX might reach $22 and then $24.
3. Polygon
Polygon is the fifth and final cryptocurrency on the list with a 100x growth potential in February 2023. (MATIC). In the last 30 days, the coin has soared (from $0.75 to $1.14). Polygon investors are steadily gathering momentum in order to pave the way for a probable surge to $1.30. If the coin can break through the chain of barriers, the rally might reach $1.50.
4. BNB
Binance coin (BNB) is regarded as one of the greatest options for investing in a cryptocurrency other than Bitcoin or Ethereum. BNB, which is currently trading at $311.23, has been displaying some optimistic indicators. To capitalize on this edge, investors will do everything possible to accelerate and sustain the price above $318. If they are successful, the BNB currency might see a significant increase in the following month.
5. Dogecoin
Dogecoin officially crossed the $0.09 level after lingering around $0.08 for several days. If the price rises over its present levels, the chances of a rally to the next resistance level of $0.11 improve. The coin’s rising demand places it among the top cryptocurrencies, with a 100x growth potential in February 2023.
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