The trajectory of the cryptocurrency market appears to be gloomy. The price of Bitcoin (BTC) is still below $62,000, and the global crypto market cap is at $2.38 trillion. Key assets are still trading negatively as investor mood shifts into the “fearful” range.
The low prices could offer an excellent entry point for new investors who want to start with small projects. Let’s look at three crypto coins that are currently worth under $1.
Top 3 cryptocurrencies to buy in the dip that are under $1
Pepe (PEPE):
Source – Coinfomania
PEPE is one of the best-performing crypto assets of the last year, launched in April 2023. In just over a year, the frog-themed memecoin has surged by many thousand percent and climbed to 24th among the most valuable crypto projects.
Also Read: Cryptocurrency: Top 3 Coins To Watch For June End 2024
Analysts at CoinCodex anticipate PEPE to continue on a bullish trajectory over the next few weeks, hitting a new all-time high in July.
Bonk (BONK):
Source: Decrypt
Bonk is another meme cryptocurrency that has outperformed major assets over the last year. It is a dog-themed Solana-based memecoin that was launched in 2023. The memecoin is up by over 5900%in the yearly chart.
Also Read: Cryptocurrency: Top 3 Coins To Buy During The Dip
CoinCodex data shows that Bonk will hit a new all-time high in July. The low prices could be a good entry point for new investors.
Shiba Inu:
Source: Twitter
SHIB is currently one of the most popular cryptocurrencies around. Over the past few months, the asset has encountered substantial challenges. One of the asset’s greatest advantages is its widespread use, which may spark a spike in adoption when the next bull market begins.
March saw an incredible surge in SHIB’s price. The cryptocurrency climbed to the 12th spot among the most valuable crypto projects.