Bitcoin climbed above the $56,000 level on Tuesday and the cryptocurrency market is brimming with investors’ confidence. The rally is pushing other leading altcoins to hit new monthly highs and investors are making the most of it. BTC jumped in price after the US Securities and Exchange Commission (SEC) approved the Bitcoin ETF in mid-January. This caused the cryptocurrency market to rally eventually leading BTC to top $56,000 today.
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Now that the overall cryptocurrency market is in the green, we will highlight 3 altcoins under $1 that can generate profits. This is for the medium-term target only as the markets could head back due to profit bookings.
Cryptocurrency: Top 3 Coins Under $1
- Ripple (XRP)
Ripple’s native cryptocurrency XRP is attracting bullish sentiments as its 24-hour trading volume saw an influx of $1.4 billion. This made Ripple’s XRP hit $0.55 on Tuesday and could head further up in the charts. Speculations are also rife that Ripple could win the final verdict against the SEC in the lawsuit. The development could take XRP’s price a notch higher and deliver decent gains in the medium-term
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2. Cardano (ADA)
Cardano’s native token ADA is up nearly 25% in the last 30 days. The leading altcoin is attracting bullish sentiments as ADA reached the $0.61 mark on Tuesday. Bulls are looking to push Cardano’s ADA towards the $0.70 level and eventually take it to $0.80. The cryptocurrency market might experience a rally and ADA could lead the way in the medium term.
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3. VeChain (VET)
VeChain’s native cryptocurrency VET is among the top-performing digital assets this quarter. It spiked close to 73% in the last 30 days making investors’ portfolios balloon. VET still has an upside and could deliver returns as Bitcoin and the broader cryptocurrency market are ushering with investors’ confidence. VeChain has also partnered with global firms for supply chain solutions and the deals are reflected on VET’s charts.
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