Spotlight on Top 3 Sub-$1 Cryptocurrencies to Watch This Week

• Crypto Market Poised for Optimism in Late 2023
• Top 3 Cryptocurrencies Under $1 To Observe This Week
• Ripple (XRP)
• Shiba Inu (SHIB)
• Cardano (ADA)

Crypto Market Poised for Optimism in Late 2023

The realm of cryptocurrency has been rejuvenated with a renewed sense of positivity in the final month of 2023. Notably, Bitcoin$42,260 -0.64% (BTC) has crossed the $42,000 mark, registering a gain of 5.5% within the past 24 hours. Cryptocurrency experts are predicting more ascents for BTC in the foreseeable future, particularly as it nears its next halving cycle. With the prospect of a bull run in 2024, a surge of first-time investors could be lured into the digital asset sector.

Nevertheless, it's worth remembering that not all investors might be ready or willing to begin with hefty investments. Consequently, some are exploring opportunities among less expensive assets that hold promise for future growth. This article is going to focus on the top 3 cryptocurrencies under $1 worth monitoring this week.

Top 3 Cryptocurrencies Under $1 To Observe This Week

Ripple (XRP)

Ripple (XRP$0.620 -1.68%) distinguishes itself as a highly recognized digital asset. XRP's price has seen a 1% surge in the last 24 hours, and is currently trading at $0.06236. Those keeping an eye on the cryptocurrency market anticipate more frequent usage of XRP for international payments by different businesses. This growing popularity could offer an attractive investment opportunity for newcomers to the market.

Shiba Inu (SHIB)

Shiba Inu$0.000010 -2.05% has set itself apart as a notable meme coin. Many early-bird investors have seen considerable returns, transforming humble investments into sizable profits. Whilst some might regret missing the earlier triumphs of SHIB, some market analysts believe the coin could reach its all-time high again in the forthcoming bullish market.

Significantly, SHIB has seen a 7.4% rise over the past week, suggesting a positive trend. Market watchers speculate this upward movement could continue into December 2023, making SHIB a notable cryptocurrency pick, especially for those considering options under $1.

Cardano (ADA)

The inception of Cardano token was inspired by the work of Gerolamo Cardano, an Italian polymath. It was launched in 2017 by Charles Hoskinson, the founder of Cardano, who shared updates regarding the Alonzo hard fork in August 2021. Currently, Cardano is being traded at $0.406 with a 3.63% surge over the last 24 hours. With the overall market showing positive trends, ADA's price could potentially surge in the forthcoming days. This positions it as one of the 3 most robust crypto choices to watch this week for under $1.

Edited by Jonathan Stoker