Bitcoin has surged above $56,000 on Tuesday and the cryptocurrency market is flooded with investor confidence. The rally is pushing other top altcoins to reach new monthly highs and investors are taking full advantage of it.
BTC has experienced a price increase after the U.S. Securities and Exchange Commission (SEC) approved a Bitcoin ETF in mid-January. This has led to the recovery of the cryptocurrency market, ultimately pushing BTC to the current peak of $56,000.
Now, the overall cryptocurrency market is in the green, and we will highlight 3 sub-$1 dollar coins that could generate profits. This is only for short-term targets as the market can turn around due to profit taking.
Top 3 Sub-$1 Dollar coins
Ripple (XRP)
Ripple’s native cryptocurrency XRP is garnering optimism as its 24-hour trading volume witnesses a flow of $1.4 billion in capital. This has propelled Ripple’s XRP to reach $0.55 on Tuesday and could potentially go further up the rankings. There are also speculations that Ripple may secure a final ruling against the SEC in the lawsuit. This development could push the price of XRP slightly higher and bring considerable profits in the short term.
Cardano (ADA)
Cardano’s native token ADA has surged almost 25% in the past 30 days. The top altcoin is gathering price rally optimism as ADA reached $0.61 on Tuesday. The bulls are attempting to push Cardano’s ADA to $0.70 and eventually take it to $0.80. The cryptocurrency market may witness a recovery and ADA could lead in the short term.
Vechain (VET)
Vechain’s native cryptocurrency VET has been one of the best-performing digital assets this quarter. It has surged nearly 73% in the past 30 days, making investors’ portfolios swell. VET still has the advantage and could bring profits as Bitcoin and the broader cryptocurrency market gain more confidence from investors. VeChain has also collaborated with global companies on supply-chain solutions, and these transactions are reflected on VET’s chart.
