A sea of red has continued in the cryptocurrency industry, with Bitcoin tumbling to $95,000, a few days after it hit a record high. This crash happened after the Federal Reserve delivered a highly hawkish interest rate decision. Analysts are optimistic that many coins will bounce back in the near term as investors buy the dip. So, here are some of the best crypto under $1 to buy the dip in.
The Best Crypto Under $1 To Buy
Crypto traders love to buy cheap coins, hoping that they will do better than mega caps like Bitcoin, Ethereum, and BNB. Some of the best under $1 altcoins to buy are Stellar Lumens (XLM), Hedera Hashgraph (HBAR), and DexBoss (DEBO).
These tokens will likely bounce back when Bitcoin price bounces back. As we have written before, some analysts believe that the BTC price will jump to $500,000 soon.
Stellar Lumens (XLM)
Stellar Lumens is one of the top crypto under $1 to buy because of its strong fundamentals. Jed McCaleb, a Ripple co-founder, established Stellar to simplify how people move money around the world.
Stellar is now mostly known for its integration with USD Coin, the second-biggest stablecoin in the world. It has also created a partnership with Moneygram. This deal lets people send and receive USDC stablecoins in its physical locations globally.
Stellar price has suffered a harsh reversal this week as it reached a low of $0.3351. It has moved slightly below the 50-day moving average and the 50% Fibonacci Retracement level. XLM has also fallen below the key support at $0.3540, its lowest swing on December 9.
Stellar’s long-term outlook is bullish. We wrote that the XLM price will rally to $1 in the near term. Such a move implies a 196% return from the current level.
DexBoss (DEBO)
DexBoss is another best altcoin under $1 to buy as panic spreads in the crypto industry. The benefit is that it is now in a presale that has already attracted over $160,000 from investors. If all goes well, most of these investors will be profitable.
That’s because one DEBO coin is trading at $0.01, much lower than the target listing price of $0.050. This means that investors who decide to sell immediately after listing will make a 405% return
DexBoss will be a decentralized exchange that will enable users trade thousands of cryptocurrencies with minimal fees and slippage. You can buy DEBO here.
Hedera Hashgraph (HBAR)
Hedera Hashgraph is another top crypto under $1 to buy. The daily chart below shows that the HBAR price has dropped sharply in the past few days and is hovering slightly above the 50% retracement level.
HBAR price remains above the 50-day and 100-moving averages. Most importantly, it has formed a falling wedge chart pattern, a popular bullish reversal sign. The upper line of the wedge connects the higher highs since November, while the bottom line links the lower lows.
Therefore, the coin will likely bounce back now that the wedge is nearing its confluence level. If this happens, it may rise to $0.3941, the highest point this year. This target is about 57% above the current level.
More Altcoins Under $1 To Buy
There are many more altcoins under $1 to buy the dip in. Some of the most notable ones are meme coins like Pepe, Dogecoin, and Shiba Inu. The other top crypto under $1 to invest in are popular names like Cardano, Tron, and Filecoin.
The post Top 3 Crypto Under $1 To Buy As Bitcoin Hits $95k appeared first on CoinGape.
