3 Cryptocurrencies to Watch Under $0.50 in Mid-December 2023
As we enter the end of 2023, digital asset markets are once again surging. Bitcoin (BTC) is challenging the $44,000 mark, surpassing last week’s 15% gain. In addition, the global cryptocurrency market value has exceeded $1.67 trillion, up 0.6% in the past 24 hours.
However, as we welcome the end of 2023, let’s take a look at the top cryptocurrency projects under $0.50 in mid-December.
1: Cardano (ADA)
Cardano (ADA) is one of the most popular cryptocurrencies on the market. Although the coin’s price struggled for much of 2023, it regained momentum towards the end of the year. It is up more than 18% in the past seven days and is up more than 4% on the daily chart. The token’s price has surged by more than 82% since January and it is one of the most active projects under $0.50. ADA is down more than 85% from its all-time high of $3.09 in September 2021. The market is expected to rebound in early 2024, and the price of ADA may hit an all-time high next year.
2: VeChain (VET)
VeChain (VET) is another popular cryptocurrency with a price below $0.50. The price of VET is up 3.2% on the daily chart and is up 17% from the previous week. VET is up about 60% since the beginning of the year. Although other cryptocurrencies have performed much better, VET is a solid project with strong collaborations.
3: Shiba Inu (SHIB)
Shiba Inu (SHIB) is one of the most popular cryptocurrency projects. Since its launch in August 2020, the price of SHIB has soared by millions of percent. Additionally, many early investors made millions of dollars in profits. However, the SHIB wave may not be over yet. Many analysts expect SHIB to reach new all-time highs in the next bull market. Additionally, the project is developing several new initiatives for the SHIB ecosystem, which may drive mass adoption.
