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This cycle could be the last and final time for you to make life-changing money in the crypto markets.
If you have ever lost money in crypto or “made money” but never sold, this will be your comeback season. This time around, we are ready, and this bull run is just getting started.
With that, we will present the top three cryptocurrencies under $1 that could reach over $1 or more in this bull market.
XRP
If you have been in the crypto markets for quite some time, you might feel the sentiments regarding XRP. As you may know, XRP does not move along with the crypto markets and is a bit of a laggard regarding price action.
Furthermore, we are still waiting for the case to be finished in the US Securities and Exchange Commission (SEC) versus Ripple Labs lawsuit. Recently, the SEC sought punitive damages and a court order preventing Ripple from selling XRP to institutional investors.
There’s also speculation about a possible settlement or dismissal of the case, but nothing is confirmed yet. Both parties must complete the discovery and rebuttal process concerning potential remedies for the remaining charge by April 29, 2024. After these filings are complete, Judge Analisa Torres will decide on the appropriate remedies in the case.
From a technical analysis perspective, we could see a huge pump for XRP anytime soon. Using a Fibonacci retracement by measuring the wick high in April 2021 to the wick low in June 2022, we could be eyeing a $1.30 per XRP as your potential take profits when it reaches the 0.786 Fib.
Coin98 (C98)
Picking a micro-cap onto our list, we have Coin98 (C98).
Coin98 is a decentralized finance (DeFi) platform that aims to make DeFi more accessible to users by aggregating various DeFi services into one place.
Looking at the weekly, non-logarithmic chart, we can see that C98 has been in an accumulation range for almost two years now. More importantly, the horizontal trendline that once held support in 2022 was regained a few weeks ago in February 2024.
Generally, anything consolidating for an extended period is often followed by a larger price increase when the price finally breaks out of a certain range.
Once C98 starts to move further up, we could see $1.15 as our first take profit level, more than 2.5x from its current price.
Dogecoin (DOGE)
DOGE’s recent price surge has everyone glued to Elon Musk’s tweets, hoping for another mention that could send it soaring again. Just as altcoins seemed to be consolidating, the crypto space is bracing for another market mover, which is a statement from the self-proclaimed “Dogefather” himself.
Throughout 2023, Elon Musk expressed his commitment to making X (formerly Twitter) the go-to platform for anything related to finances and may provide crypto payments in the future. He has often hinted and made certain comments that he wants to have Bitcoin and Dogecoin involved, and this has led to wild speculations from the crypto community,
Most recently, he also has expressed interest in allowing Dogecoin to be used for Tesla purchases “at some point” while speaking at a Gigafactory event in Berlin.
According to technical analyst JD, or @jaydee_757 on X, DOGE would need to break above a strong horizontal resistance of $0.205 and hold as support in the coming months.
Once that has been cleared out, all it takes is just a positive statement from Elon Musk and the overall bull market to trigger a buying frenzy for DOGE, potentially hitting a dollar per coin.
Final Thoughts
What do you think? Are these tokens going to be worth over a dollar this year? If not, which cryptocurrencies we haven’t covered would reach this target in this cycle? Let us know on our official social media channels!
Via: 2Usethebitcoin.com
