The crypto market's downturn is expected to reverse soon, with under $1 coins primed for gains.
Dogecoin ($DOGE) could reach $1 again due to a solid holder base waiting to break even.
The Sandbox ($SAND) presents a massive "buy the dip" opportunity with a potential 8x return.
Tron ($TRX) is poised for significant recovery due to a strong DeFi presence and market share.
Ripple (@XRP) is nearing $1 and has the potential for further growth as the SEC lawsuit nears resolution.
The crypto market doesn't look the part, but a significant bullish shakeup is coming.
This is despite Bitcoin's ongoing struggle around the $60,000 zone and the hundreds of millions that exit the market weekly.
However, as with every market downturn, crypto prices tend to recover soon after, and some of the best ones to consider are the cryptocurrencies under $1.
Here are some of the most interesting under-$1 cryptocurrencies to watch in the coming months.
Dogecoin's rally to the $1 mark has been forecasted by several analysts for months now.
This is despite the ongoing bearishness on the "king of memecoins" and the apparent fact that the newer memecoins are pulling all the fresh liquidity away from Dogecoin.
Dogecoin’s price action
According to data from CoinMarketCap, the cryptocurrency is down by around 83% from its $0.73 all-time high in 2022, which means that it already presents a significant "buy the dip" opportunity.
Dogecoin’s tokenomics
Data from IntoTheBlock also shows that more than 65% of Dogecoin holders have been holding their coins for more than a year, which means that many investors might be looking for a price rally to the $0.73 price level once again for a break-even opportunity.
This is similar to the recent $1 prediction from analyst Ali, who says that all investors need is a "little bit of patience".
According to CoinMarketCap data, the Sandbox is one of the most severely undervalued cryptocurrencies on the market. It is down by around 96%.
The ongoing decline in $SAND started right after its $8.44 all-time high in November 2021.
SAND’s 96% decline
At the time of writing, the cryptocurrency trades at around $0.3251 and presents one of the best "buy the dip" opportunities.
Can $SAND hit $1 soon? The answer is yes.
The bulls will likely trigger a rally on $SAND soon, leading it up to the $1 zone and even another 800% rally from here if we ever see a retest of the cryptocurrency's ATH.
Cup and handle on SAND
For context as to how massive this is, a $1 investment at the time of writing would yield around $25 if this rally to the cryptocurrency's previous ATH ever occurs, with a clear cup and handle formation just waiting to materialize, as shown above.
Tron currently trades at around $0.13 at the time of writing and is inherently profitable like the others on this list.
Tron’s decline from ATH
According to CoinMarketCap, the cryptocurrency is down by around 60% from its previous all-time high of $0.3, as shown above.
As it stands, Tron is one of the most prominent players in the defi space according to DefiLlama, and is the second largest in terms of market share when compared to Ethereum, as shown below:
Tron’s market share
This means that despite Binance's backing and the ongoing memecoin craze on the Solana network, Tron is currently more extensive and attractive to developers than the other two, indicating that the recovery on Tron will be solid and massive.
Moreover, Tron is not far from its previous all-time high and should be able to retest this price level with relative ease.
Regarding the likelihood of a $1 visit, Tron is poised to undergo this rally sooner or later.
XRP has been under fire for nearly four years now after the institutional sales of XRP tokens by Ripple Execs Brad Garlinghouse and Chris Larsen in 2017.
XRP’s price action
According to CoinMarketCap, the cryptocurrency trades at around $0.48 and is closer to the $1 zone than the other tokens on this list.
Moreover, the cryptocurrency's previous all-time high is sitting well past the $1 zone, at $3.84.
This means that XRP is indeed poised to make this jump and more.
Considering XRP's long and harrowing history of legal tussles with the SEC, there are significant signs that a resolution is incoming. Ripple will soon be free to conduct business as usual without hounding from the SEC.
One of XRP's first attempts at $1 was in July 2023, when Judge Analisa Torres ruled that Ripple's programmatic sales of XRP on exchanges did not violate securities laws, as the SEC claimed.
There are already signs of an incoming $10 million settlement deal with the SEC, as opposed to the original $2 billion, indicating that the case might soon be settled.
Disclaimer: Voice of Crypto aims to deliver accurate and up-to-date information but will not be responsible for any missing facts or inaccurate information. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.