💥 Under $1 Crypto Gems: Top 3 Picks Set to Explode in Wealth This Week! 💰
The crypto industry provides numerous opportunities. Although popular cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) receive most of the attention, there are still hidden gems that trade for less than $1. These less well-known altcoins may have room to grow despite their lower value. But it’s important to understand that there’s more risk involved.
For investors with a higher risk tolerance, allocating 10% to 20% of their investment money to these cryptocurrencies could be an exciting opportunity to diversify their portfolio and position themselves to reap huge returns in the next bull market.
The Three Cryptos are:
- TerraClassicUSD (USTC)
Emerging from the ashes of the TerraUSD (UST) depeg debacle, TerraClassicUSD (USTC) has embarked on a tumultuous journey, captivating the crypto community with its volatile price swings. Its origins can be traced back to Do Kwon, a serial entrepreneur who envisioned a decentralized stablecoin ecosystem. Initially, USTC was pegged to the US dollar through an algorithmic mechanism, relying on arbitrage incentives to maintain its value.
However, market turbulence in May 2022 triggered a catastrophic depeg, causing USTC to plummet to near-zero levels. Despite this setback, USTC has exhibited remarkable resilience, attracting a loyal community of supporters who believe in its potential for revival.
USTC is currently trading above both its 200-day and 50-day SMAs. This is a bullish signal, as it suggests that the overall trend is to the upside. The 200-day SMA is currently at $0.0277 and the 50-day SMA is currently at $0.0310.
The current support level for USTC is at $0.029. This is the level where the price has found support in the past. The current resistance level for USTC is at $0.0400. This is the level where the price has faced resistance in the past.
2. XRP — Ripple
A native digital asset of the Ripple network, which uses distributed ledger technology to facilitate cross-border payments, is XRP. Established in 2012 by Jed McCaleb and Chris Larsen, the mission of Ripple is to transform global trade by offering a more economical and effective substitute for established techniques such as SWIFT.
Twenty percent of the 100 billion tokens that were pre-mined for XRP were given to the Ripple Foundation, a nonprofit devoted to advancing the growth and use of Ripple. The business that created the Ripple network, Ripple Labs, owned the remaining 80%.
The 50-day moving average is also above the 200-day moving average, which is another bullish indicator. The price is currently in a downtrend, so it is important to watch for a break above the resistance at $0.6025 before buying.
3. Clore.ai (CLORE)
Clore Coin (CLORE) is the native cryptocurrency of the Clore.ai platform, a decentralized marketplace that connects individuals and organizations looking to use high-performance GPUs for services such as AI training, video rendering, and cryptocurrency mining.
Ivan Bogatyr launched Clore Coin, which went public on exchanges in 2020 after first being issued in a private auction in 2019. The coin has increased dramatically since it was first created, hitting an all-time high of $0.1641 in November 2023.
The 50-day SMA is currently above the 200-day SMA, which is a bullish signal. This means that the short-term trend of CLORE is up, and that the price is likely to continue to rise in the near future.
Disclaimer: Please note that the content of this blog, including any analyses, opinions, or insights, is provided for informational purposes only and should not be considered as financial advice. The information presented here is not intended to be used as the sole basis for any investment decisions, nor should it be construed as advice designed to meet the investment needs of any particular individual. Please be aware of the risks associated with these investments and do your own due diligence.
