As the crypto market is having a slow week, only a limited number of cryptos have made significant gains this week. Though the market is days away from a proper recovery, Bitcoin has already gained a decent hike, bringing it back to the $61 range, which is a good sign. So, before the market recovers, let’s analyze these top cryptocurrencies under $1 that should be the preferred buying this week for short-term gains.
Dogecoin (DOGE)
Dogecoin is among the most popular cryptos in the market, as it ranks 8th on CoinmarketCap. Being the meme king, it has the potential to surge 5X in the upcoming days. The meme coin is presently trading at $0.1389 with a market cap of $20,018,437,322. Dogecoin has surged 4% in just a day and is among the few cryptos to get over the market fall.
With its years of popularity, support from world leaders like Elon Musk, and a low price, Dogecoin is the perfect crypto asset for the investor’s portfolio.
Wormhole (W)
Wormhole, a communication bridge between blockchains, is among the best cryptos under $1. It just created a new all-time high of $1.61 last month and has drifted 53% away for now. However, the token is again surging and has hiked more than 24% within a week, pushing the value to $0.7342. It has a decent reputation in the market and is ranked 66th on the CoinmarketCap with a market capitalization of $1,321,570,989 and a trading volume of $288,931,203.
Despite the market fall, Wormhole has maintained days of streak to surge, and if the trend continues, the token might surge beyond the $1 mark in the upcoming few days.
Mina (MINA)
Mina, the native token of the Mina Protocol, has surged 4% in just a day, currently priced at $0.8342. It has a market cap of $915,386,607 after a 4% surge with the trading volume of $18,830,333. The token was trading above the $1 mark at the beginning of the last month and has drifted lower with the market fall. However, Mina is now aiming towards the $1 again.
As per the analysts, Mina is to target $2.90 this year, and a bull run can push the value higher than the current all-time high of $9.91.
Final Thoughts
A large proportion of investors are shifting towards short-term trading due to the neutral sentiments of the market. The crypto market is moving sideways with no major changes in the cryptocurrency prices. Therefore, the traders have preferred these cryptos under $1 because of their better recovery in the market fall.
Read More 3 Free Crypto Airdrops To Claim In May 2024
The post 3 Cryptos Under $1 To Buy For Short-Term Gains appeared first on CoinGape.
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