As 2024 approaches, investors are turning their attention back to cryptocurrencies priced under one dollar. The arrival of 2024 might reignite excitement in the crypto market, as suggested by renowned analyst Michaël van de Poppe, who has highlighted the potential of altcoins as attractive investment options.
Cardano (ADA) has garnered significant attention, leading all crypto projects in monthly development activities on GitHub. With nearly 10,000 smart contracts added in 2023 and expanding efforts within its ecosystem, Cardano’s development surge could notably influence its price performance in 2024. Despite a slight 0.75% increase on January 1st, Cardano experienced a 1.4% decline over the past week. However, it still boasts a 58.68% monthly increase, trading at $0.6056.
XRP remains a top contender in the crypto space, maintaining stable price movements. Following a significant price jump after the SEC decision in July of the previous year, XRP’s price could potentially reach $3.7 if patterns repeat, as per Crypto EGRAG’s analysis using the Super Guppy indicator. Currently, XRP trades at $0.62, with a neutral 24-hour change of 0.09%, but it continues to hold onto its previous week’s 0.79% gain and a monthly progression of 2.11%.
Algorand (ALGO) has made headlines with a significant move, being the chosen blockchain for a joint project by TravelX and Viva Aerobus to convert plane tickets into digital assets. Algorand is currently trading at $0.2301, with a 24-hour positive change of 1.67%. Despite a 6.81% drop from the previous week, it has seen a 67.39% gain over the past month, catching investors’ attention.
Finally, Polygon (MATIC), often flirting with the $1 mark, is currently below that level. According to Michaël van de Poppe, Polygon may not stay under $1 for long due to its momentum, possibly moving towards $1.30 soon. At the time of writing, MATIC is trading at $0.9945, with a 24-hour decrease of 1.11%, but it has also seen a 12.28% increase over the past week and a 25.77% rise over the last month, pleasing investors.