6 cryptocurrencies under $1 to buy this week

As the week starts, the broader cryptocurrency market is witnessing losses in what might be a wary response to the possible approval of a spot Bitcoin ETF.

Altcoins are facing challenges as the week of the potential Bitcoin ETF approaches. This is unsurprising given the current emphasis on Bitcoin (BTC). However, momentum is expected to return to altcoins after the ETF event, crypto analyst Michael van de Poppe X noted on January 8.

With this development around altcoins, Finbold compiled a list of 6 altcoins that may be a potentially lucrative investment for traders this week below $1.

#XRP (XRP)

In a recent report on January 3, Ripple announced its strategic expansion plan targeting the $1.5 trillion IT industry. 

Envisioning a transformative role in the IT sector, addressing longstanding challenges related to cross-border payments and other financial complexities that have persisted in the industry might prove to be a bullish catalyst for XRP (XRP) as Ripple uses it as a bridge currency to facilitate the transfer of value between different fiat currencies for its customers.

At the time of writing, XRP was trading at $0.5597, representing a decrease of -1.38% in the past 24 hours, with -9.56% losses in the previous week and -18.13% in the last 30 days.

#Polygon (#MATIC)

The TD Sequential indicator recently indicated a buy signal on the 4-hour Polygon (MATIC) chart.

Should there be a notable increase in buying pressure at present levels, there is potential for a rebound in MATIC, with a possible upward trajectory towards $0.88 and a further potential peak at $0.96, as per a post on X from crypto analyst Ali Martinez on January 6.

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