In the ever-evolving world of cryptocurrency, opportunities often arise at the most unexpected moment. Investors are eagerly awaiting the start of the next crypto bull cycle. Amid this wait, investors are looking for altcoins that will bring them maximum profit in this bull cycle. Crypto expert Vahid Karaahmetovic identified 3 altcoins with a price below $1 that have this potential.
Top altcoin: SEC winner Ripple (XRP)
XRP is currently among the altcoins that investors should not ignore. This is no surprise. First of all, XRP remains the 5th largest cryptocurrency by market cap. Additionally, it currently has an attractive price of $0.5. Additionally, the altcoin is trading 86% below its all-time high of $3.84. As you follow from Kriptokoin.com, XRP made a remarkable rally in July, reaching over $0.8. This revealed that there is potential in XRP.
Still, it’s worth noting that much of the future price movement depends on the likelihood of Ripple prevailing in its long-running legal battle against the U.S. Securities and Exchange Commission (SEC). However, earlier this week Ripple’s CEO again stated that he was ‘very optimistic’ about the lawsuit. In this regard, he spoke encouragingly that “the facts and the law” are still on the Blockchain company’s side. At the time of writing, XRP was trading at $0.49, up 1.8% in the last 24 hours. However, the altcoin lost approximately 1.4% on a weekly basis and more than 20% on a monthly basis.
XRP 1 month price chart.In second place is Cardano (ADA)
By the way, let’s note that Cardano (ADA) is one of the worst-performing major altcoins in 2023. However, the altcoin continues to attract significant attention from the cryptocurrency community. In particular, the number of new unique ADA wallet addresses has increased significantly in recent months. During this period, wallets exceeded 4.2 million at the end of August. This shows that the community’s confidence in the project has not been affected by its stagnant performance this year.
However, downside risks remain for Cardano’s native token, especially if it fails to maintain the critical $0.24 level. At the time of writing, ADA was trading at $0.25, down 0.9% in the last 24 hours. Additionally, the altcoin lost approximately 2.7% on a weekly basis and more than 14% in the last 30 days. On the other hand, the fact that its current price is 91% lower than the all-time high of $3.1 reached in September 2021 could prove to be a unique opportunity to grab the token.
ADA 1-week price chartThe last altcoin: VeChain (VET), which entered the Coinbase list.
Finally, VET, the native token of the reputable VeChain network, has been turning crypto investors’ heads lately. This digital asset is up more than 10% on weekly charts. Thus, it became one of the best performing crypto tokens.
This rise was influenced by Coinbase’s announcement on September 12 that it would add support for VET and the other VeChain token, VeThor (VTHO). Naturally, the listing could play a significant role in the mass adoption of VeChain. It is possible that this could become a significant price catalyst for the altcoin project’s tokens. VET was trading at $0.02, up 4.2% in the last 24 hours. Additionally, VET saw a decline of 10.2% on a weekly basis and more than 6% on a monthly basis.
VET 1-week price chart.As a result, these undervalued altcoins have solid fundamentals that could trigger significant price increases. However, it is important to emphasize that their future trajectory is closely tied to overall market sentiment.
The opinions and predictions in the article belong to the expert and are definitely not investment advice. We strongly recommend that you do your own research before investing.
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