3 Under-$0.50 Cryptos to Keep an Eye On: Mid-December 2023 Outlook

• Significant Surge in Digital Asset Market as 2023 Draws to a Close
• Spotlight on Top Three Cryptocurrencies Below $0.50
• 1. Cardano (ADA)
• 2. VeChain (VET)
• 3. Shiba Inu (SHIB)

Significant Surge in Digital Asset Market as 2023 Draws to a Close

The closing stages of 2023 are marked with a vibrant activity in the digital asset market. Bitcoin$42,260 -0.64% (BTC) is nearing the $44k mark with a weekly surge of over 15%. As a result, the global cryptocurrency market cap has crossed the $1.67 trillion threshold, increasing by 0.6% over the past day. As we bid farewell to 2023, attention turns to the top-performing cryptocurrency projects priced below $0.50 for mid-December 2023.

Spotlight on Top Three Cryptocurrencies Below $0.50

1. Cardano (ADA)

Cardano (ADA) continues to be highly favored among cryptocurrencies. Despite its price struggles throughout the majority of 2023, a renewed momentum has been observed towards the year's end. The asset has experienced over 18% growth in the last week and a daily increase of over 4%. Since January, the price of the token has risen by over 82%. This robust growth marks ADA as one of the most active development projects priced under $0.50.

ADA is currently down by over 85% from its all-time high of $3.09, achieved in September 2021. However, with market trends signalling a possible rally in early 2024, ADA could potentially set a new all-time high in the upcoming year.

2. VeChain (VET)

VeChain (VET) is another notable cryptocurrency priced under $0.50. The daily charts show a price surge of 3.2% for VET and a weekly increase of 17%. Since the start of the year, VET has grown by roughly 60%. Although it may not have outperformed other cryptocurrencies, VET's steady growth and strong partnerships make it a solid project to watch.

3. Shiba Inu (SHIB)

Shiba Inu$0.000010 -2.05% (SHIB) is another project that has gained a significant following. Since its debut in August 2020, SHIB's price has skyrocketed by several million percent, creating substantial profits for early investors. However, the SHIB wave might not be over yet. Analysts anticipate SHIB to reach a new all-time high during the next bull run. In addition to this, the SHIB project is launching numerous initiatives for its ecosystem, which could fuel widespread adoption.

Edited by Jonathan Stoker