The trajectory of the cryptocurrency market appears bleak. The price of Bitcoin (BTC) is still below $62,000, and the global cryptocurrency market cap is $2.38 trillion. Key assets continue to trade negatively as investor sentiment shifts towards the ‘fearful’ range.
The low prices can provide an excellent entry point for new investors looking to get started with small projects. Let’s take a look at three cryptocurrencies that are currently worth less than $1.
Top 3 cryptocurrencies to buy during the dip that are under $1
Pepe (PEPE):
Source – Coinfomania
PEPE is one of the best-performing crypto assets of the past year, having launched in April 2023. In just over a year, the frog-themed memecoin has risen by many thousands of percent to rank 24th among the most valuable crypto projects.
Also read: Cryptocurrency: top 3 coins to watch before the end of June 2024
Analysts at CoinCodex expect PEPE to continue on a bullish trajectory in the coming weeks and reach a new all-time high in July.
Bonk (BONK):
Source: decipher
Bonk is another meme cryptocurrency that has outperformed major assets over the past year. It is a dog-themed memecoin based on Solana that was launched in 2023. The memecoin has risen more than 5900% on 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 can be a good entry point for new investors.
Shiba Inu:
Source: Twitter
SHIB is currently one of the most popular cryptocurrencies out there. The asset has faced significant challenges in recent months. One of the biggest advantages of this asset is its widespread use, which could lead to a spike in adoption when the next bull market begins.
In March, there was an incredible increase in the price of SHIB. The cryptocurrency climbed to 12th place among the most valuable crypto projects.
