The cryptocurrency market is facing a slight correction, with Bitcoin (BTC) dipping below $63,000 and the global market cap falling by 2.6% to $2.31 trillion.
While the dip may be alarming to some, it also presents an opportunity to buy more assets at a cheaper price. The Federal Reserve announced interest rate cuts beginning next month so that the cryptocurrency market may rebound in September. An interest rate reduction could lead to investors putting money into riskier assets.
Also Read: Ripple: 20% Institutional Investors Hold XRP, Study Confirms
With that said, let’s look at three crypto assets that are under $1 that could surge in September 2024.
Top 3 Cryptocurrencies Under $1 for September 2024
1. Pepe (PEPE)
PEPE has displayed stellar growth since its launch in April 2023. The asset quickly climbed the charts and is currently the 31st-largest crypto project by market cap.
PEPE has faced a 3.9% correction in the last 24 hours but is up by 9.4% in the weekly charts.
According to CoinCodex data, the frog-themed cryptocurrency could surpass the $0.00002 level next month, hitting an all-time high of $0.00002904 on Sept. 24, 2024. Reaching $0.00002904 from the current price would translate to a rally of about 239.6%.
2. Shiba Inu (SHIB)
SHIB is one of the most popular cryptocurrencies in the market. In the daily charts, SHIB is down by 0.8% but up by 7% over the previous week.
Also Read: Shiba Inu: How High Can SHIB Surge in September 2024?
According to CoinCodex researchers, SHIB could rise to $0.00003176 on Sept. 1, 2024, about 115.7% from current levels. The platform predicts SHIB will face a correction in the first week of September and fall back to around current levels.
3. Bonk (BONK)
BONK is another meme cryptocurrency that has performed extremely well over the last year. Although its price has fallen 3.8% in the last 24 hours, it is up 8% over the previous week.
Also Read: Cardano: Is There Still Hope for ADA to Reach $1 in 2024?
According to CoinCodex, BONK could hit a new all-time high of $0.00006808 on Sept. 24, 2024, a rise of about 241.7% from current prices.
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