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Top 3 Coins Under $0.50 That Could Double in May
The cryptocurrency world is home to new and old cryptocurrencies that have the potential to change the fortunes of millions of investors. The kingdom offers trading across multiple coin price ranges, allowing them to explore the tokens they are most comfortable with.
The cryptoverse is considered fair in many indirect ways, mainly by allowing users to explore their own token choices. Vertical is known to be generous for those who know the basics of traversing space with ease.
Keeping the affordable element in mind, here are the top three suggestions for cryptocurrency tokens under $0.50 that could double by May 2024.
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3 Cryptocurrency Tokens Under $0.50 to Maintain Stable Returns
#1: Cardano
The Cardano ecosystem is one of the most thriving ecosystems for investors to interact with. ADA has been trading at lower levels after reaching an all-time high of $3 in 2021, which rightly argues for Cardano’s prowess to reach the top of the radar.
According to Coinpedia, Cardano is currently trading at a lower price level of $0.45, which can be easily obtained and accumulated by investors to hold and store it further.
The platform provides Cardano will accelerate its pace and trade at US$0.55 in May.
“However, the bullish divergence in the daily RSI speaks of a different possibility. According to the momentum indicator and a potential double bottom at $0.45, ADA price could resurface. A bullish return could take the altcoin to the $0.55 mark.”
The platform adds that ADA could reach $1 by the end of 2024, increasing prospects for investors to secure decent profits.
“The Cardano coin price brings a buying opportunity as it could soon surpass $1 and reach the $1.5 mark. Therefore, with a bull run in 2024, Cardano prices are expected to create a new swing high of $2.02. With an average of $1,695, ADA prices could fall to $1.37 by the end of 2024 due to depletion.
#2: Shiba Inu
Shiba Inu, one of the top meme cryptocurrencies, has been making headlines lately, mainly for its robust ecosystem development. The token is prepared to face fundamental changes, driven mainly by the expansion of the SHIB ecosystem. The token may soon explore and launch a Shiba Hub, a ShibaP2E concept, to gain even more dominance in the cryptocurrency market.
Analysts predict Shiba Inu will rise nearly 200% in the process, trading at $0.00007865.
“According to our current Shiba Inu price prediction, Shiba Inu price is expected to rise 227.11% and reach $0.00007865 on June 6, 2024. According to our technical indicators, the current sentiment is neutral , while the Fear and Greed Index is showing 68 (greed). Shiba Inu recorded 15/30 (50%) green days with price volatility of 8.57% over the last 30 days.”
By the end of 2024, SHIB could increase to replacement for a whopping $0.00006697.
“If the price can continue to rise above $0.00003682, it could reach the target of $0.00006697 in 2024. However, if the price of SHIB reverses, it could undoubtedly fall to $0, 000010. Overall, the outlook for SHIB is positive, although there is still some downside risk.”
#3: Dogecoin
Dogecoin has been dubbed the people’s favorite cryptocurrency, having won the favor of Tesla boss Elon Musk. According to CoinMarketcap, Doge was created “as a fun and light-hearted cryptocurrency that would have wider appeal beyond Bitcoin’s core audience.” The token has faced numerous price crashes and rebounds, but has always shown a consistent price range.
Doge is foreseen will rise to $0.24 in May as the token receives significant market support.
“Furthermore, with a streak of five bullish candles, the meme coin is heading towards crossing the $0.1846 level. If the uptrend continues, the bull run could reach the $0.2403 level and reach a new 52-week high. On the other hand, a reversal from $0.1846 could retest the $0.1288 support. If the uptrend continues, the bull run could reach the $0.2403 level and reach a new 52-week high. On the other hand, a reversal from $0.1846 could retest the $0.1288 support.”
Read too: Cryptocurrency: 3 Bullish Coins Under $5 for Quick Profits in May
By the end of 2024, analysts have predicted that Doge will surpass the $0.20 price threshold and trade at the $0.33 price level.
