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Must-Buy Cryptocurrencies Below $1 for the Week

Apr 22, 2024

Even though Bitcoin's halving event has not yet significantly impacted the cryptocurrency field, there are still assets available for under $1 per coin that present an excellent buying opportunity this week.

Based on this information, Finbold has searched the cryptocurrency industry and identified three digital assets that are priced below one dollar each, making them potential investments for cryptocurrency traders and investors this week.

Dogecoin (DOGE)

The initial choice is Dogecoin (DOGE), a crypto asset inspired by the doge meme that has the potential to experience a bullish rally towards $1 in the near future. Renowned crypto expert Ali Martinez noted that Dogecoin was consolidating after breaking out from a descending triangle pattern.

At present, the price of DOGE is $0.15979, slightly below the critical price level it previously reached. It has seen a decline of 0.70% in a day, 1.87% in a week, and an accumulated loss of 4.06% in a month.

Shiba Inu (SHIB)

The Shiba Inu (SHIB) development team is actively expanding the ecosystem by introducing a new Layer 3 blockchain, potentially increasing the hype around SHIB. Lead developer Shytoshi Kusama expressed excitement at gaining support for their decentralized experiment.

Currently, Shiba Inu is priced at $0.00002696, with a 1.55% increase in the last 24 hours, a 15.74% growth in the past seven days, and efforts to reverse a 3.11% decline in the previous month.

XRP (XRP)

XRP appears ready for significant price movement following a recent consolidation period. According to pseudonymous crypto expert Egrag Crypto, analyzing historical price movements including those in 2017 and 2021, XRP could be set for explosive price action.

XRP is currently trading at $0.53377, with a 1.09% daily increase, a 4.14% weekly advance, and efforts to reverse a 13.84% drop in the past month.

Conclusion

The aforementioned cryptocurrencies priced below $1 present promising investment opportunities for the current week. However, it is essential to conduct personal research and carefully evaluate all associated risks, as market conditions in the crypto industry can quickly change.

Disclaimer: The information provided is not investment advice. Investing is speculative and involves risk to your capital.

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