Hidden Gems: Top 3 Sub-$1 Cryptos on the Verge of a Q1 2024 Surge

• Recent Developments in the Cryptocurrency Market
• Potential Cryptocurrency Surges in Q1 2024
• Cardano (ADA)
• Ripple's XRP
• Dogecoin (DOGE)

Recent Developments in the Cryptocurrency Market

Experiencing a significant correction this week, the cryptocurrency market appears to be gaining momentum once again. Bitcoin$42,260 -0.64% (BTC) has witnessed a 2.5% rise in the daily charts, and globally, the crypto market cap has increased by 2.2% within 24 hours, reaching a total of $1.75 trillion. Moreover, some market observers predict an imminent bull run in the cryptocurrency market, as they anticipate the approval of a spot BTC ETF (Exchange Traded Fund) by the US SEC (Securities and Exchange Commission) this month. The convergence of this ETF and BTC's halving event in April could trigger a bull run akin to that seen in 2021 across the cryptocurrency market.

Potential Cryptocurrency Surges in Q1 2024

Considering these developments, it's valuable to assess three cryptocurrency projects under $1 that could potentially surge during the first quarter of 2024.

Cardano (ADA)

Cardano (ADA) is one of the most dynamically evolving crypto projects. Despite its recent correction of over 9% in the weekly charts, the token's low prices present an attractive opportunity for new investors. Since January 2023, ADA's price has soared by more than 100%. A similar, if not greater, scenario could occur for this ninth-largest cryptocurrency in 2024.

Ripple's XRP

Ripple's XRP$0.620 -1.68% token is a widely recognized cryptocurrency for cross-border remittance. However, its status is somewhat clouded by legal uncertainties. The SEC has alleged that Ripple's sale of XRP violates securities laws. Despite a district court ruling that selling XRP to retail clients was not a breach of securities laws, the case has escalated to the high court, and investors are eagerly awaiting the verdict. Should the high court rule in Ripple's favor, XRP's price could potentially soar.

Dogecoin (DOGE)

Dogecoin$0.091 -0.42% (DOGE), a well-known cryptocurrency, took a backseat in 2023. Despite a mere 13% surge in DOGE's price since January 2023, while other altcoins experienced triple-digit increases, there is potential for DOGE to reach a new all-time high in 2024. There are rumors of DOGE being incorporated into a forthcoming payment feature, which could lead to increased adoption and, consequently, an increase in its price.

Edited by Jonathan Stoker