Unveiling 3 Sub-$1 Cryptos Poised for a 2024 Boom

• Potential Bull Run in Cryptocurrency Market by 2024
• Top Three Cryptocurrencies Under $1 with Potential Price Surge in 2024
• XRP - Ripple's Cryptocurrency
• Cardano (ADA)
• Shiba Inu (SHIB)

Potential Bull Run in Cryptocurrency Market by 2024

Speculations suggest there might be another surge in the cryptocurrency market by 2024. Some predictions indicate that the US SEC (Securities and Exchange Commission) might approve one or more spot Bitcoin$42,260 -0.64% (BTC) ETFs (Exchange Traded Funds) in the early part of the year. Additionally, the BTC will experience its next halving cycle in April 2024. These two events might potentially trigger a bull run similar to that of 2021.

Top Three Cryptocurrencies Under $1 with Potential Price Surge in 2024

In case of another bull run, several tokens might see a significant increase in their price. Here are three cryptocurrencies valued under $1 that could potentially explode in 2024.

XRP - Ripple's Cryptocurrency

Ripple's XRP$0.620 -1.68% token has shown considerable growth in 2023. This rise might have been influenced by a US district court ruling stating the sale of XRP to retail clients did not infringe securities laws. Currently, the lawsuit has reached the US high court with a pending verdict. If the high court's decision aligns with the district court, a new all-time high (ATH) for XRP could be on the horizon, considering it did not reach an ATH in 2021, unlike other significant projects.

Cardano (ADA)

Cardano (ADA) is another potential cryptocurrency that might witness substantial growth in 2024. The price of ADA has been struggling through most of 2023, but started gaining traction from mid-October. Since the start of the year, ADA has seen a rally of over 147%. ADA currently stands at over 80% down from its all-time high of $3.09, which it attained in September 2021. However, if the market ventures into another bull run, ADA might reclaim its all-time high.

Shiba Inu (SHIB)

Shiba Inu$0.000010 -2.05% (SHIB), despite being popular within the market, has struggled to maintain momentum throughout most of 2023. Despite launching a layer-2 network this year, the token's price did not significantly increase. However, supporters and investors of SHIB are hopeful for a price rally in 2024.

Edited by Jonathan Stoker