As another week begins, the prices of many assets in the cryptocurrency sector are still trying to decide on their next move, with some making modest progress and others still somewhat falling behind. Then, there are those that are still going strong, and some of them are still available under $1 apiece.
With this in mind, Finbold has scoured through the crypto sphere to produce a list of five cryptocurrencies that currently cost less than a dollar per wholecoin but might be among the best purchase choices for crypto traders and investors this week.
#1 TRON (TRX)
Recording gains on most of its charts, the native crypto asset of one of the largest and most profitable blockchains in the world, created by Justin Sun, TRON (TRX), has recently surged toward its highs from 2021, likely thanks to the network’s growth in utility, as well as its role in the stablecoin market.
Currently, TRX is changing hands at the price of $0.11899, recording an increase of 1.48% in the last 24 hours, advancing 4.63% across the previous seven days, as well as gaining 15.23% over the past month, as the latest charts suggest.
#2 Cardano (ADA)
Next is Cardano (ADA), which witnessed a major surge in whale transactions in late January, alongside its company’s investment in Blockfrost API, in an effort to continue enhancing its network infrastructure as it allows developers to access Cardano’s blockchain quickly without a local node.
Indeed, Cardano is currently trading at $0.5011, which demonstrates a slight decline of 0.99% on the day, a positive price change of 2.67% over the week, and a drop of 4.19% on its monthly chart, according to the most recent data retrieved on February 5.
#3 Flare (FLR)
Another popular crypto asset is that of a smart contracts platform aiming to bridge the gap between Ethereum (ETH) and other blockchains, Flare (FLR), which has recently announced an important strategic partnership with Google Cloud, sparking a rally for the price of its native token.
As it happens, the price of Flare currently stands at $0.031, recording a 5.63% improvement during the last day, adding up to the impressive gain of 42.83% across the week and an even more significant surge of 72.7% over the previous 30 days, as per CoinMarketCap data.
#4 Celo (CELO)
Meanwhile, the Celo (CELO) protocol has made news after stablecoin issuer Circle said it was bringing USD coin (USDC) to the mobile-first Ethereum Virtual Machine (EVM) compatible blockchain, allowing the second-largest US dollar-pegged stablecoin by market capitalization to launch natively on Celo.
As things stand, the price of Celo presently amounts to $0.674, up 1.42% in the last 24 hours, increasing 2.52% across the past seven days, as well as recording an accumulated gain of 0.79% over the previous month, according to the most recent information.
#5 Chromia (CHR)
Finally, the native token of the multi-layered blockchain and relational database created with an aim to blend the secure, permissionless features of the former with the efficiency of the latter, Chromia (CHR) is preparing for the mainnet release in 2024, as announced in December, through the ongoing CHR airdrop.
Consequently, the increased interest has led to an increase in the CHR price, which at the time of publication stood at $0.266, indicating a gain of 1.68% on its daily chart, adding up to the weekly growth of 2.61%, and a more substantial advance of 12.47% across the month.
Conclusion
In summary, the above digital assets under $1 per whole coin might represent a great opportunity to buy this week. However, the situation in this field can change rapidly, which is why carrying out one’s own research and risk analysis is important before investing in them.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
Source: https://finbold.com/5-cryptocurrencies-under-1-to-buy-this-week/