Bitcoin
3 Hidden Gems Under $1 You Should Keep This June
The world of cryptocurrencies is full of new coins and tokens, ready to spread millions to the world. The fact that the kingdom has some of the best ways to generate profits is what makes cryptocurrency a lucrative and dynamic field.
However, being good at trading “trending” currencies is not what earned you the ultimate reward. The fact that what is hidden beneath the thick treasure trove of coins – finding those that have an intricate hidden value – is what makes this realm exciting and truly worth an investor’s time.
Therefore, having a “keen” speculative eye to identify important currencies in the long term is what makes this vertical special. Keeping the above mentioned aspect in mind, here is our list of top three hidden gems of coins under $1 that can help an investor amp up their trading game.
Read too: The US dollar or the Japanese yen: which currency is realistically stronger?
Three hidden gems from the world of cryptocurrencies packed with a lot of potential
Cryptocurrency#1- XRP
XRP, or Ripple, is one of the most controversial currencies in the world of cryptocurrencies. The token has long been involved in a case with the SEC and at the same time, it is busy launching fervent efforts that could boost its company’s prospects.
What makes XRP special is the fact that its long fight with the US SEC has not affected the token’s prestige. Over time, XRP is poised to cover high price milestones, making it an undervalued gem to hold and guard. With talks about the launch of a Ripple stablecoin in the mix, XRP is eligible to reach new price highs very soon.
Per CoinCodex, June will be a tumultuous but stable month for XRP. The token could rise to trade at the $0.58 price level by the end of June, increasing nearly 20% in the process.
“According to our current XRP price prediction, XRP price could will rise 20.70% and reach $0.589346 on July 13, 2024. According to our technical indicators, the current sentiment is bearish, while the Fear and Greed Index shows 70 (greed). XRP has recorded 14/30 (47%) green days with 2.70% price volatility over the last 30 days.”
#XRP Genuine Wake-Up Line (UPDATE):
This post is divided into two interesting sections:
Section 1: Break 💥
The “White Triangle” breakout is lining up perfectly with our previous charts and the 0.702 – 0.786 Fib levels. Measured movement is projected between $1.2 and $1.5.… https://t.co/9eQlnnFM13 pic.twitter.com/HqsdESlE1O– EGRAG CRYPTO (@egragcrypto) May 27, 2024
Cryptocurrency #2: Cardano
Cardano is another underrated coin awaiting the start of its price rally. The current market is yet to grant its favors to ADA in terms of stable price spikes and rises. However, it appears that ADA will undergo an overhaul soon as the token slowly moves towards embracing its long-awaited Chang Hard Fork upgrade.
The fork will help Cardano integrate governance-centric mechanisms into its ecosystem, which could ultimately help Cardano climb to $1.
Per CoinCodex, Cardano may experience a slight price depreciation before regaining momentum. The token could rise 4%, trading at US$0.44 by the end of June. With the fork deployment set for June or early July, ADA’s price outlook could drastically improve post-fork integration.
“Cardano price could rise by 4.95% and reach $0.449497 on July 13, 2024. According to our technical indicators, the current sentiment is bearish, while the Fear and Greed Index shows 70 (greed ). Cardano recorded 13/30 (43%) green days with 3.61% price volatility over the last 30 days.
He took $ADA 292 DAYS after the last BITCOIN HALVED to reach its previous record of $1.38 set in January 2018.
FRIENDS, IT’S ONLY BEEN 46 DAYS SINCE THIS BITCOIN CYCLE HAS BEEN HALF-HALED. Patience, the BOMB is coming. ADA will crush $3.10 in less than 292 days.– Alexander Legolas (@ShillMoBaggins) June 4, 2024
Cryptocurrency #3: Dogecoin
The increasingly sophisticated Dogecoin has long faced a phase of constant price corrections. The token has a way with its price movement, further highlighted by renowned crypto analyst Kaleo. The expert had previously shared how Doge’s massive price rally is inevitable as Doge has been mimicking its previous price rally pattern.
Later, Kaleo described how Doge has been moving sideways on its price chart, a pattern that is synonymous with its previous price phases. After moving sideways, Doge can adopt an explosive and quick stance, making it an ideal coin to hold and store for the long term.
According to CoinCodex, Dogecoin may continue to find its correction phase, which investors can take advantage of to buy the Doge dip. Doge could fall 13% by the end of June to trade at $0.123343.
Read too: Shiba Inu: Top Analysts Issue Last Buy Call Before SHIB Surges 501%
However, the token may regain its position before the end of this year and trade at 0.604666.
“Dogecoin can trade within a range of $0.121934 and $0.604666. If it reaches the upper target price, DOGE could increase by 319.20% and reach $0.604666.”
The secret of Dogecoin is that it moves sideways for long periods, followed by rapid, vertical growth.
As optimistic as I am about Bitcoin, I have an insanely high conviction that DOGE will surpass it.
We are in a super cycle of memes. The king of memes will not be left behind. pic.twitter.com/e6VMNlOrEZ
-KALEO (@CryptoKaleo) June 3, 2024