In 2024, the cryptocurrency market can be another bull run. The analysts believe that there is a high possibility of approval by the US SEC(Securities and Exchange Commission) for one or more spot Bitcoin ETFs(Exchange Traded Funds) early in 2019. 

Furthermore, the next halving cycle of BTC will occur in April 2024. They can all lead to a bull run for the best crypto scene like 2021. A second bull market for the cryptocurrency industry in the coming year will see many tokens increase significantly in value. First, it must be stated that the following are the 4 best cryptocurrencies under $1 for 2024.

Best Cryptocurrencies Under $1 To buy now

1. XRP

In 2023, Ripple’s XRP coin has made remarkable progress. Currently, (XRP) is trading under $1, its starter price of $0.85 falling under the range between $0.538 and – The current trends, as indicated by moving averages, suggest stability in its value: The $0.618 is for the 10-day and, respectively, the one whose value takes place at $ of.57 The spot-on key support levels are $0.471 and $0.298 while resistance lies at the values of 0$ .815, as well as at 0$, Sweise

However, a recent decision by a US district court in which the sale of XRP to retail customers was not found to violate securities laws and resulted in a sharp rise in prices could be attributed. Nevertheless, a decision on the lawsuit is yet to be reached in the US high court. The decision of the high court might support that of the district court Under such circumstances XRP may reach a new ATH Unlike many major projects, it did not hit an ATH rally during 2021.

2. Cardano (ADA)

Another cryptocurrency that may witness considerable growth by the year 2024 is Cardano (ADA) which is best for investing under $1. Despite the constant struggle of ADA’s price in 2023, it picked up steam from mid-October. ADA has jumped by over 147% since the beginning of January. Today, ADA is trading over 80% lower from its current peak of $3.09 during that period about two years ago. ADA may go back to its all-time high price if the market enters another bull run.

3. Shiba Inu (SHIB)

One of the best cryptocurrencies under $1 buy now in the market is Shiba Inu (SHIB). But the token has been fairly stagnant throughout 2023. This year, the project also rolled out a layer-2 network. However, the launch was not enough to drive SHIB’s price up. However, SHIB enthusiasts and investors predict a price wave for this meme coin during 2024 under $1.

4. Fantom (FTM)

However, the start of Sonic Labs by the Fantom Foundation and a $1 million FTM grant pool are remarkable attempts to continue development on the Fantom blockchain.

As the development and achievement of projects within the Sonic Labs program go, so goes Fantom (FTM) market performances.

With the backing of mentors from industry giants and technological support, projects selected out of Sonic Labs should contribute to further growth and innovation on Fantom (FTM) platform that may result in improved market performance.

Factors to Consider: The Best Crypto to Buy now

While exploring which are the best cryptos to buy now, it is crucial to take several factors that can influence the future performance of those particular assets. Here are some key considerations for investors looking to make informed decisions:

Market Trends: It is possible to predict the growth of a cryptocurrency using trend analysis in the current market

Technology and Innovation: For digital assets, a review of the core technology and recent innovations can help determine its long-term sustainability.

Community Support: If there is a strong and committed community, then they can help in the success of any cryptocurrency.

Regulatory Landscape: While analyzing potential risks and opportunities of a cryptocurrency, knowledge about the regulatory environment in which the currencies works is crucial.

Conclusion

With 2024 around the corner, crypto and its market are dancing to seasonal rhythms and past patterns that create a setting where both brilliant shots at success stand but tricky obstacles. These include the best cryptocurrencies under $1 (XRP), Fantom, Shiba Inu (SHIB), and Cardano which are setting their sight on becoming strong contenders. These strengths are distinct features of each of these assets which imply their potential to grow.

Disclaimer: This is a sponsored article and for information purposes only. It is not published on behalf of Crypto Daily and should therefore be used as legal, tax, investment, or financial advice.