A recent report highlighted five altcoins priced under one dollar that may see significant growth leading into the next altcoin season. These tokens offer diverse opportunities for investors.
Cardano (ADA)
Cardano tops the list due to recent updates, including the launch of the Midnight Glacier airdrop involving 37 million wallets across eight different blockchains. The recent Chang governance upgrade allowed Cardano to allocate $71 million for a year-long roadmap. Priced around $0.91, ADA remains under a dollar.
Hedera (HBAR)
Operating on hashgraph technology, Hedera allows for the processing of more transactions at a lower cost. Companies like Google and IBM are part of its governing council. In 2023, Hedera partnered with Nvidia and Deloitte for AI initiatives. HBAR is priced at approximately $0.23.
Stellar (XLM), Pudgy Penguins (PENGU) and Ethena Labs (ENA)
Stellar ranks among the top 15 cryptocurrencies, offering seamless integration with global financial systems and partnerships with PayPal and MoneyGram. XLM is priced over $0.40. Pudgy Penguins, while being a meme token, has gained recognition through merchandise and branding. Ethena Labs stands out in the DeFi space by offering compliant stablecoins and collaborating with regulated banks. ENA's price is less than $0.70.
All five tokens under one dollar exhibit unique strengths, including infrastructure, enterprise partnerships, and real-world branding. These altcoins may be of interest to investors seeking opportunities in the upcoming market cycle.
