Best Crypto Under $1 To Consider This Month

crypto

Bitcoin is holding steady around $100K, and the crypto market is back in the spotlight. A major bull run is underway, and many believe it could be the biggest one yet, with momentum expected to carry well into 2025. For investors, this could be one of the last opportunities to grab tokens at lower prices.  

If Bitcoin feels out of reach, don’t worry! There are plenty of affordable options. Thousands of altcoins are available, many costing less than $1. To help, we’ve rounded up some of the top cryptos you can snag for under a dollar.

Dogecoin (DOGE)

As the leading meme coin, Dogecoin often sets the pace for its peers. In bullish markets, frontrunners like Dogecoin typically make the first major moves. Backed by its dedicated community and high-profile supporters, it’s well-positioned to take the lead.

Looking at the 4-hour chart, Dogecoin recently struggled to hold above the 61.8% Fibonacci level at $0.37772. This was followed by a brief period of consolidation over the next few days.

crypto

When the broader market corrected, Dogecoin dipped after failing to break past the key resistance at $0.40. This pullback brought its value to a 24-hour low of $0.32417.

Despite this decline, the 38.2% Fibonacci support level at $0.33030 provided a safety net, preventing a sharper drop. The price has since stabilized, with Dogecoin now trading at $0.33957.

A sudden increase in selling pressure triggered a bearish crossover between the 20- and 50-period EMA lines. Even so, the 4-hour RSI remains steady above the oversold zone, hinting at a potential rebound on the horizon.

Cardano (ADA)

Cardano is a next-generation blockchain platform designed to create positive global change through technology. Its native cryptocurrency, ADA, powers the network and facilitates secure, transparent transactions. Unlike traditional proof-of-work systems, Cardano uses a unique proof-of-stake consensus mechanism, offering greater energy efficiency and scalability.

By tackling the issues of scalability and sustainability seen in other blockchains like Ethereum, Cardano holds the potential to transform industries such as finance and supply chain management.

crypto

On the 4-hour chart, Cardano’s price trend shows a failed attempt to hold the $1.117 resistance level after a breakout. This, combined with a broader market downturn, triggered a major correction that caught many bullish traders off guard.

The price has since fallen below the $1 mark, with Cardano now retesting support at the 100-EMA near $0.991. This level has slowed the bearish momentum, keeping the price in a sideways pattern.

At the same time, the 200-EMA has provided strong support, signaling steady demand at lower price levels. Following the sharp pullback, Cardano appears to be consolidating, but a decline in the 20-EMA raises concerns about a potential bearish crossover with the 50-EMA.

Vechain (VET)

VeChain is a blockchain platform built to transform supply chain management. It helps businesses track and verify products, ensuring transparency and trust at every step. With real-world applications and partnerships with big companies, VeChain is positioned as a strong contender in the crypto market for 2025.

On the daily chart, VET is in a pullback phase after a massive rally in November and early December 2024. This surge pushed prices up by over 323%, climbing from $0.01890 to a high of $0.080. 

The rally slowed as bullish momentum faded, causing VET to drop below the $0.050 level. It found key support around $0.040, where buyers stepped back in, sparking hopes for a recovery. A double-bottom reversal pattern has since pushed the price to $0.05201.

Now trading above both the 50-day and 20-day EMA lines, VET is testing resistance at $0.05425. The positive alignment of these moving averages adds strength to the bullish sentiment.

Disclaimer
The information provided in this article is for informational purposes only and reflects the author’s opinion. It should not be construed as financial, legal, or investment advice. The cryptocurrency market is volatile and carries risks. Please conduct your own research before making any decisions.

Related posts

bitcoin
icon January 8, 2025

Why Did Bitcoin Go Down Yesterday

Posted by: Victor Ebo
icon January 9, 2025

Top 3 Crypto to Watch in the Third Week of January

Posted by: Victor Ebo
Jordan Adopts Blockchain Technology to Improve Government Services
icon January 3, 2025

Jordan Adopts Blockchain Technology to Improve Government Services

Posted by: Victor Ebo