Three Affordable Altcoins Under $1 for 100x Long-Term Investment
Investing in blue-chip altcoins like Ripple (XRP) and Dogecoin can yield high returns but also be challenging. These tokens have shown resilience through various cycles, boosting their potential for 2024.
Ripple (XRP)
Ripple (XRP) rallied from a support level at $0.50 to $0.54 before a correction began on Wednesday. This impressive performance was linked to news about Ethereum spot ETFs. As reported in Ethereum price predictions, ETF analysts revised the approval chances by the SEC from 25% to 75%.
Will Ripple reach its all-time high in 2025?
Although bullish sentiment around the ETF persists, Ripple faces significant volatility. Data suggests it could drop 3% in 24 hours to $0.5313.
Polygon (MATIC)
Polygon, the native token of one of Ethereum's leading Layer 2 blockchains, saw renewed demand since mid-May, indicating a V-shaped recovery from $0.643. This recovery boosted the asset's value by 11.8%, and MATIC is currently trading at $0.718.
Over the past six weeks, Polygon's price has fluctuated between two horizontal levels of $0.768 and $0.643. During this period, the price has repeatedly bounced off both levels, indicating a lack of dominance by buyers or sellers. However, a closer look at the daily chart shows lower highs forming through candlestick patterns, indicating a gradual increase in buyer influence.
🔺If MATIC's price growth is successful, it could surpass $0.85 and target $0.95 next, yielding a 24% profit.
Pepe (PEPE)
Pepe's price surged by 24.65% to $0.00001383. This increase boosted its market cap to $5.82 billion, ranking it 21st among cryptocurrencies. Investors seem to be turning to Pepe while moving away from older meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB).
Trading volume in the past 24 hours also showed a significant jump, rising by 89.75% to $4.43 billion, accounting for 76.14% of its market cap. The circulating supply remains at 420.69 trillion Pepe, which is the maximum supply of this meme coin.