Spotlight on Top 3 Crypto Tokens Under $3 to Invest In

• Bitcoin and Ethereum Maintain Steady Positions as Market Sees Positive Sentiment
• XRP's Explosive Year
• Lido DAO (LDO) - Ethereum's Liquid Staking Protocol
• Toncoin (TON) - The Native Token for Telegram's Blockchain Network

Bitcoin and Ethereum Maintain Steady Positions as Market Sees Positive Sentiment

As Bitcoin$42,260 -0.64% (BTC) holds its ground above the $37k mark and Ethereum$2,315 -2.42% remains strong above $2k, the cryptocurrency markets are witnessing an influx of optimism. While it's possible to own fractions of BTC and ETH, new investors might be inclined towards cheaper cryptocurrency tokens for whole token ownership. Here are the top three cryptocurrency tokens under the $3 mark to consider.

XRP's Explosive Year

In 2023, XRP$0.620 -1.68% has seen considerable growth. The significant price surge emerged when Ripple, the company that utilises XRP, came out partly successful in its lawsuit with the Securities and Exchange Commission (SEC). A US court declared that XRP sales to retail investors were not encompassed under securities law. Consequently, XRP was legally classified as a non-security for retail investors, potentially leading to an increase in new investors prior to the forthcoming bull run.

Lido DAO (LDO) - Ethereum's Liquid Staking Protocol

Lido DAO$2.64 -10.86% (LDO) is the primary token for the most prominent Ethereum (ETH) liquid staking protocol. Liquid staking has gained significant popularity recently, with Lido claiming a major share in ETH staking. If the second-largest cryptocurrency witnesses a price surge, LDO is likely to follow suit. Analysts forecast that the price of ETH could reach $10k in the subsequent bull run. Nevertheless, concerns over the large proportion of ETH staked by the protocol potentially leading to centralization within the Ethereum ecosystem have been raised.

Toncoin (TON) - The Native Token for Telegram's Blockchain Network

Toncoin (TON), the indigenous token for the blockchain network developed by Telegram, is in the spotlight. Telegram bots are making waves in the cryptocurrency domain, with their usage seeing a notable increase. This uptick in usage might further boost TON's price. In addition, Telegram-based AI (Artificial Intelligence) cryptocurrency initiatives, like Moonbot (MBOT) AIMBOT, are gaining traction.

Edited by Jonathan Stoker