Top 3 Cryptocurrencies Priced Below 1 to Consider Purchasing in July
Following a recent cooling off in the digital currency market, which has resulted in most of its assets either stagnating or decreasing in value, including the industry’s flagship, Bitcoin (BTC), there are some cryptocurrencies priced under $1 that present a promising investment opportunity for the upcoming month, particularly as the market appears to be reaching its lowest point.
In light of this, Finbold has combed through the cryptocurrency sector to identify three such digital assets currently trading at less than a dollar per wholecoin, which could also be among the prudent investment options for any cryptocurrency trader in July.
#1 Cardano (ADA)
One of the altcoins still priced under $1 and showing potential for a rally is Cardano (ADA), which cryptocurrency trading expert Ali Martinez has highlighted as poised for an imminent reversal and price rebound due to a buy signal on the daily chart via the TD Sequential. Currently, Cardano is trading at $0.39, indicating a 5.32% increase in price for the day and a 4.81% rise over the week, in response to positive Cardano news, as it seeks to reverse the accumulated loss of 14.94% over the past month.
#2 Shiba Inu (SHIB)
Another altcoin signaling a buy signal on the daily chart through the TD Sequential is Shiba Inu (SHIB), following Elon Musk’s revival of X payments, which has led to an increase in the value of popular doge meme-themed coins. At present, Shiba Inu is priced at $0.00001731, representing 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, despite relevant SHIB news, as of the most recent data retrieved on June 25.
#3 Dogecoin (DOGE)
Lastly, Dogecoin (DOGE) has shown resilience as it surpassed $0.12 despite significant selling pressure in previous days, hinting at the potential for further upward movement, as trader Tardigrade predicts an “incredible surge” in its future. Dogecoin is currently priced at $0.12331, with a 5.41% increase on its daily chart and a 2.33% growth over the past week, as it attempts to counter the 27.40% losses recorded in the previous 30 days.
Conclusion
Given the circumstances, the aforementioned three cryptocurrencies priced under $1 may present an attractive investment opportunity in July. However, while their current trends appear positive, the winds in the cryptocurrency market could easily shift, so conducting thorough research is essential.
Disclaimer:
The content on this site should not be construed as investment advice. Investing involves risk and is speculative. When investing, your capital is at risk.
