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The cryptocurrency ecosystem is evolving with new projects making their emergence daily. While many investors believe they might have missed the ride for assets such as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), there are other promising coins to bet on.
Here is a list of 7 hot top cryptocurrencies to buy under $1. However, this should be used as a basis for further research, and not as investment advice.
Flare (FLR)
Flare is a protocol that offers a major Oracle service to help bolster data accessibility in Web3 and the broader internet. FLR, its native token, currently trades for $0.04119, up 2.4% in the past 24 hours. The token’s market cap has also increased to $1,433,259,188.
Flare’s allure as a hot cryptocurrency hinges on its surge over the past year, which made it skyrocket by 24.47%, underscoring its steady growth potential. FLR has withstood strong selling pressure and has formed a major support around the $0.03 mark. The Flare protocol is growing its ecosystem, placing demand on FLR that might help reboot a run to its All-Time High (ATH) of $0.0797.
VeChain (VET)
VeChain is an enterprise-grade blockchain whose native coin VET has jumped by 6.74% in the past 24 hours at the time of writing to $0.05024. VET has a Relative Strength Index (RSI) reading of 62, a figure that shows it is well-bought but not oversold.
VeChain remains one of the best-performing altcoins over the past year, jumping by 130% to take its market capitalization to $3,648,120,468. Despite this impressive uptick, VET has enough room to grow with the right fundamentals to back its growth.
XRP
XRP has ranked as one of the most capitalized digital currencies for the year and it earned its accolade with the 60.37% jump over the past year to $0.6231, boasting a market cap of $34,099,687,143.
XRP has withstood several hurdles but has managed to form strong support at $0.6 with experts projecting a potential breakout for the coin in the long term. With more room to retest the all-time high of $3.81, XRP remains a viable coin to buy under $1.
Shiba Inu (SHIB)
By current numbers, Shiba Inu is primed for a mega rally if the current momentum is sustained. The token has seen more than 61% jump in the trailing 7-day period and over 284% in the past month to take its price to $0.00003546.
Shiba Inu is now comfortably ranked as the 10th largest crypto by market cap, displacing Avalanche (AVAX) over the past week. Though Shiba Inu’s RSI is flashing overbought at 83.77, there are more than 74% addresses in profit, with little resistance in its bid to reclaim its ATH of $0.00008845.
Floki
Formerly known as Floki Inu, the meme coin has broken multiple records over the past year with its impressive numbers. It is priced at $0.0002413, up by 3.43% in 24 hours. Floki has a market capitalization of $2,304,472,153 and a trading volume of $1,907,715,905 with a 2% uptick in 24 hours.
Over the past month, Floki has inked a growth of 670% with the year-on-year growth coming in at 586%. Despite this rally, projections judging by its staking innovation, aggressive burning or deflationary campaign, and the potentials of TokenFi, chances are FLOKI will do more than enter the top 100 on CoinMarketCap. The token looks to retest its ATH of $0.0003437.
Cardano (ADA)
Cardano is a Proof-of-Stake (PoS) protocol with a promising future. Many consider ADA’s price and market capitalization pegged at $0.7442 and $26,415,132,936 as undervalued.
Cardano has had an impressive run in the past year with a 3% growth over the last 24 hours, a 37.5% surge in the last month, and over 139.5% in the past year. Rising from a low of $0.2304, Cardano jumped as high as $0.7966 to show how volatile it can be in its bid to hit more bullish heights.
Cardano remains 76.02% below its ATH of $3.10 and with positive trends within its ecosystem, chances are it might retest this price in the long term.
PEPE
Being one of the top-performing meme coins, PEPE’s price has skyrocketed by 108% over the trailing 7-day period. The token’s growth outlook shows it has recorded 813% in the past month, notably taking advantage of the broader market’s ongoing bull rally.
With PEPE’s price now trading at $0.000008815 with a market capitalization of $3,707,043,212, the coin holds promise for higher long-term growth. However, a short-term correction cannot be ruled out with recently spotted whale selloff.
With PEPE recently hitting an ATH of $0.000009885, it is effectively experiencing a price discovery that may push it to unprecedented heights.
