The general cryptocurrency market appears to have entered a consolidation phase after starting the year on a high note. Despite the slowing momentum, investors are still looking for opportunities to get involved and possibly profit from another running of the bulls.
Although well established cryptocurrencies like bitcoin (BTC) and Ethereum (ETH) are currently trading at high prices, many other low-value assets can provide excellent investment opportunities. These cryptocurrencies have high growth potential and are accessible to low-budget investors. Therefore, Finbold took an in-depth look at the top five cryptocurrencies under $1 to buy in March.
Although it is trading at a relatively low price, Cardano (ADA) boasts of significant activity on its blockchain. gimbal class as the top crypto protocol by development activity in 2022, while the team has lined up numerous touted initiatives to inspire a possible price rise.
Part of the network development activity has resulted in increased adoption of several features, such as smart contracts. Indeed, the number of Plutus scripts on the network is near the 6000 mark, with transactions exceeding 61 million. At the same time, gimbal relies on other fundamentals, such as throwing the Djed stablecoins on the network.
These developments and Cardano’s promising future prospects make ADA an attractive investment option. Notably, prediction by textual artificial intelligence (AI) the ChatGPT platform indicates that ADA is expected to trade in double digits by 2030.
At press time, ADA was trading at $0.38 with daily losses of nearly 2%.
One of XRPthe keystone of is its parent company Ripple, deployment of cross-border payment systems on a global scale. The company has previously acknowledged that there are more opportunities globally despite regulatory uncertainty in the United States.
However, one of the crucial factors that could influence the price of XRP is the ongoing case between Ripple and the Securities Exchange Commission (SECOND). The case that went to summary judgment was touted as having longstanding ramifications for the crypto industry. If the case favors Ripple, this could be bullish for XRP. Interestingly, the odds in the deal increasingly favor Ripple, especially with the renewed interest in Hinman Speech Papers.
On the other hand, there is a push for exchanges like Coinbase to relist XRP, a possible bullish catalyst. At the moment, XRP is trading at $0.39.
The sandbox (SAND)
SANDthe native token of The Sandbox metaverse gameis among the most notable cryptocurrencies in the gaming space. It should be noted that gaming-related cryptocurrencies played a pivotal role in kicking off the 2023 rally.
In this case, SAND rallied around the possible entry of established players into the metaverse space. For example, initial gains in 2023 were tied to the potential deployment of virtual reality equipment by tech giant Apple (NASDAQ: AAPL).
Indeed, with the potential of metaverse gaming, SAND’s current price makes it a notable bet to rally in the future. Currently, SAND is trading at $0.74
Hedera Network (HBAR) is also experiencing a spike in on-chain activity which has resulted in factors such as an increase in Total Value Locked (TVL). At the same time, the network witnessed activity on the non-fungible token (NFT) leading to key partnerships.
For example, the token rallied previously after LG’s Art Lab NFT marketplace partnered with renowned restaurateur Jeremy Fall through the Hedera NFT platform. In the meantime, the network is looking to make inroads into the gaming industry with plans to transition web 2.0 gamers and programmers to web 3.0.
At press time, HBAR was trading at $0.08 with daily losses of around 2.3%.
The same cryptocurrency has the potential to rank among the top investment assets for March, given that the token was the second-best performer among the top ten cryptocurrencies by market capitalization in 2022. Although Dogecoin (DOGE) previously lacked solid utility, the asset is supported by key bullish sentiments.
For example, there remains speculation that DOGE may be integrated with social media giant Twitter’s payment system. This is after the DOGE supporter and Tesla CEO (NASDAQ: TSLA) Elon Musk has acquired the social media giant.
The value of this meme token at press time stood at $0.08366, with weekly losses of around 4%.
Although the highlighted assets have potential for the future, their prospects are still subject to external factors such as the general market price movement.
Disclaimer: The content of this site should not be considered investment advice. The investment is speculative. When you invest, your capital is at risk.