Three Alternative Digital Currencies Under $1 That May Be as Lucrative as #Dogecoin or #Cardano in 2021
Dogecoin (DOGE) and Cardano (ADA), two of the most prominent cryptocurrencies, have done quite well during the current crypto bull run. However, low-priced tokens that potentially achieve profits comparable to these cryptocurrencies in 2021 are increasingly attracting investors' attention.
1.A 39% increase in November for Shiba Inus: What's Next?
After a double-digit surge in November, Shiba Inu has become a formidable competitor to Dogecoin and Cardano. The price of a Dogecoin was about $0.00001789 on November 1st. Like many other prominent cryptocurrencies, Shiba Inu saw a jump in value after Donald Trump's US election victory.
When it came to Shiba Inus, the price spiked to $0.00003031 on November 11. With investors cashing out, SHIB began to retrace its gains. Shiba Inu (SHIB) found a stable market on November 27th, hovering at $0.00002487. As of this writing, the Shiba Inu has increased in value by 39% in November.
Furthermore, SHIB's price is expected to rise in 2024 due to the positive mood in the cryptocurrency industry, according to analysts. This is the rationale behind why Shiba Inu is seen as a solid cryptocurrency by investors: This presents an opportunity to profit in 2021 that is comparable to those of Dogecoin and Cardano.
2. TRON Shocks Market with 18% Gain in November: More Gains on the Way?
Following a strong November, TRON has also set itself up to compete with Dogecoin and Cardano. As of the first, TRX was trading at around $0.1682. The price of TRON exploded on November 13 after days of flat trade, as a result of the big rise in most cryptocurrencies caused by Bitcoin's (BTC) soaring beyond $90,000.
Also, on November 21, TRON said that it has processed more over 9 billion transactions. In response to this positive revelation, TRX's price soared to $0.2244 on November 23. But when investors began to sell TRON, the cryptocurrency's value declined. Around $0.1999 was the stable price for TRON (TRX) as of November 27.
Since the beginning of November, TRX has gained 18% at this pricing. Analysts also think TRON will keep going up in the market because of its strong network, which can handle 2,000 transactions per second, making it an excellent platform for payments. Investors see TRON as a viable alternative to Dogecoin and Cardano because of this.
3.RichQuack Memecoin: Is the full tenfold explosion possible by 2025?
RichQuack (QUACK), an active memecoin, is attracting the attention of investors because of its expected potential to explode. As the market for memecoins evolves, RichQuack has carved itself out as an impressive project with a dedicated fanbase and a cohesive plan of execution. Recently, analysts began making more radical predictions: RichQuack will rise to at least 10 times by the year 2025. Reason for this growth is the project’s original value and constant demand for it.
The reasons behind the increase of the token's value include its unique reward system, significant trading activities and active targeting of social networks. These factors will not only maintain the investor’s interest but create an interactive environment which recruits new investors. Further, RichQuack has an inclination on deflationary tokenomics where its supply decreases with time, thus such economics increases the demand of the tokens and their value through scarcity.
Market analysts further note that this memecoin in particular stands to profit with the cut-through of cryptocurrencies into the mainstream. As the blockchain space develops, and more investors look for new avenues, tokens such as Richquack are primed to garner interest. But as with any other by nature speculative asset, there are risks and potential investors are warned to do adequate research.
Should the present momentum and the enthusiasm within the community remain constant, the year 2025 should be a turning point for Richquack and investors should be alert as the token should be able to complete within the ever-changing world of memecoins.