3 cryptocurrencies under $1 to buy next week in 2024

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17 Jan 2024

The cryptocurrency space witnessed a momentous week, highlighted by the historic launch of the first-ever Bitcoin exchange-traded fund (ETF) in the United States. This week in cryptocurrencies was historic with the launch of the first Bitcoin ETF. This development is expected to have a generally bullish impact on the sector

cryptocurrencies are worth considering for investment in the upcoming week.

In this context, there are three cryptocurrencies valued below $1 that present potential buying opportunities for the next week.

Polygon (MATIC)

Polygon (MATIC) has had a good start to 2024, with the crypto mainly trading in the green zone. Notably, the token rallied recently, coinciding with news around Bitcoin ETF and growth in onchain metrics.
In 2024, Polygon remains in the spotlight, securing significant partnerships. One notable collaboration is with Fox Corporation, where Polygon is utilized in the Verify program to authenticate news content accuracy. Publishers can register their content on the Polygon blockchain, enabling users to verify accurate and legitimate sources through this tool.
Regarding price movement, MATIC is targeting the $1 mark. By press time, the token was trading at $0.87 with daily losses of about 5%. On the weekly chart, the token is also up over 5%.

Cardano (ADA)

Cardano (ADA) has often been considered a potential Ethereum (ETH) killer, addressing some of ETH’s shortcomings. Notably, ADA’s growth prospects depend on the overall market trajectory and the development of its sustained network.
A growing user base also supports the platform’s potential. For instance, on January 8, Santiment reported a 38% surge in ADA wallets holding more than zero coins in the past year, totaling 4.5 million wallets.

This growth outpaces other notable cryptocurrencies, with a 26% increase for XRP, 22% for DOGE, and 32% for Bitcoin in wallet numbers
By press time, ADA was valued at $0.55, experiencing daily losses of about 5%, while the token has rallied by almost 6% in the last seven days

XRP

The value of XRP has been unable to break past key resistance, extending the consolidation phase that has characterized the token in recent months. Despite partial legal clarity declaring it not a security, XRP’s next price target remains the $1 mark.
However, the ongoing Securities Exchange Commission (SEC) case still influences the token’s prospects, which is considered pivotal in its price trajectory. In the latest update on January 11, the SEC sought to compel Ripple to provide financial documents and information related to its XRP sales, framing this action as crucial for determining necessary remedies
As of press time, XRP was trading at $0.57, experiencing daily losses of over 3% with weekly gains of 1.5%.

Overall, while the highlighted cryptocurrencies have strong fundamentals, their price trajectory will also be increasingly influenced by overall market sentiments.