Despite a recent cooldown in the cryptocurrency market, which has seen most of its assets stagnate or decline in price, including the sector’s representative, Bitcoin (BTC), some cryptocurrencies under $1 represent a good investment opportunity for the next month, especially as the market bottom sets in.
In this context, Finbold has scoured the crypto industry to find three of such digital assets that are at the moment changing hands at a price of less than a dollar per wholecoin and which could also be among the sound purchase choices for any crypto trader in July.
#1 Cardano (ADA)
Indeed, one of the altcoins still going under $1 and looking at a potential rally is Cardano (ADA), which crypto trading expert Ali Martinez singled out as waiting for an imminent reversal and price rebound soon due to presenting a buy signal on the daily chart via the TD Sequential.
For now, Cardano is trading at the price of $0.39, which suggests an increase of 5.32% on the day, advancing 4.81% across the week on the wave of positive Cardano news, as it moves to reverse the accumulated loss of 14.94% in the last month, according to the most recent chart information.
ADA Cardano price 24-hour chart. Source: Finbold
#2 Shiba Inu (SHIB)
Another altcoin flashing a buy signal on the daily chart through the TD Sequential, which typically points at possible trend reversals and continuation patterns, is Shiba Inu (SHIB), not long after Elon Musk brought back talks of X payments, sending popular doge meme themed coins upward.
Shiba Inu price action analysis. Source: Ali Martinez
At the moment, the price of Shiba Inu stands at $0.00001731, which represents a 3.93% gain in the last 24 hours, amid being down 3.03% across the previous seven days and declining 29.81% on its monthly chart despite relevant SHIB news, as per the latest data retrieved on June 25.
Shiba Inu price 24-hour chart. Source: Finbold
#3 Dogecoin (DOGE)
Finally, Dogecoin (DOGE) confirmed resilience as it climbed above $0.12 despite a significant sell-off from previous days, opening the possibility of pushing further up and adding to the bullish sentiment earlier shared by Trader Tardigrade, who sees an “incredible surge” in its future.
Dogecoin price action analysis. Source: Trader Tardigrade
Meanwhile, Dogecoin is changing hands at $0.12331, recording a 5.41% advance on its daily chart, adding up to the 2.33% growth in the past week, as it tries to counter the losses of 27.40% registered during the previous 30 days, as the recent information indicates.
Dogecoin price 24-hour chart. Source: Finbold
Conclusion
All things considered, the above three cryptocurrencies under $1 might be an optimal investment opportunity in July. However, although their trends look positive now, the winds in the crypto market could easily start blowing in a different direction, so doing one’s own research is critical.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
The post 3 cryptocurrencies under $1 to buy in July appeared first on Finbold.