The crypto market has spent the last few months recovering, and Bitcoin is almost at its previous all-time high.
Stepping into the new year as an investor is bound to come with the question: "Which cryptocurrencies are poised to make the biggest gains in 2024?"
With this in mind, we have curated a list of five cryptocurrencies under $1 to look at, before 2024.
Some of these cryptocurrencies have interesting price action and tokenomics, others have taken severe hits during the previous bear market, and are at strongly discounted prices.
Dogecoin is known for its strong volatility during bullish market movements. Dogecoin, according to CoinMarketCap, is down by about 87% from its all-time high, presenting a significant "buy the dip" opportunity.
Dogecoin is also known for exploding in price when bullish news pertaining to Elon Musk hits the internet.
It so happens that Elon Musk's DOGE-1 rocket is set to launch sometime in February 2024, according to a 19 December press release from Intuitive Machines this week.
Because of this, Dogecoin is set to go "to the moon" literally and figuratively, as early as possible in 2024.
What's more, Dogecoin currently trades at around $0.09 at the time of writing.
Cardano used to be down by more than 90% from its initial all-time high. However, the cryptocurrency recently rallied from around $0.25 and is now trading at around $0.6 at the time of writing.
According to the snapshot above, Cardano is up by an impressive 60% over the last 30 days.
This implies that Cardano is showing signs of recovery, which may very well shoot its price back to $1 at least, in the coming year.
As shown above, Cardano also has a clear-cut path to its all-time high of more than $3 from late August 2021.
Decentraland is by far one of the most promising projects in the crypto space, despite its heavily discounted token.
Decentraland is based on metaverse technology, in which users can buy plots of land that they can later navigate, build upon and monetize.
Like Cardano, Decentraland is down by about 91% from its all-time high, presenting some of the most lucrative "buy the dip" opportunities for investors.
Decentraland currently trades at around $0.51 and has a price target of a whopping $5.9 when the market returns to normal.
Since dropping to a low of $0.10 on October 19, the price of SEI has been climbing steadily. By the end of November, SEI's rally started to speed up, and on December 5 it reached an all-time high of $0.32.
After that, there was a notable correction in the altcoin. This resulted in a December 13 low of $0.22.
In all, SEI has increased by 153% over the past month and by around 56% during the past week.
From the above, we can already see an impressive bullish trend in the altcoin.
Even better, SEI is trading at around $0.39 at the time of writing and is predicted to go as high as $10 in 2024.
SUI hit its all-time high earlier this year, in May. However, the cryptocurrency declined from here and currently trades at around $0.7 at the time of writing.
SUI is up by about 26% over the last month, as illustrated below:
SUI has several bullish prospects in front of it, according to analysts from all over Twitter.
For example, a good number of opinions seem to be centred around SUI's price being able to retake $10 and even hit $20.
Disclaimer: Voice of Crypto aims to deliver accurate and up-to-date information, but it 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.