Top 3 Low-Cost Altcoins Under $1 Set to Breakout: Should You Buy Now?
Zafar Naik9 Jul 20242 min read
In 2024, Bitcoin has soared to a new all-time high. However, altcoins haven’t kept up with the pace. Instead, meme coins have stolen the spotlight, bringing substantial profits to investors. Despite the sluggish performance of many altcoins, three specific tokens show potential for a significant uptick with the help of Coinbase.
Two of these hidden gems are priced at under $0.50 each – could this be your chance to snag the next big thing before it explodes?
Read on to discover which altcoins could be the next big movers with Coinbase’s backing!
Blast
Just 12 days ago, Coinbase introduced Blast for spot trading with USD pairs as an experimental move. Earlier this year, Blast airdropped 17% of its total supply to early users. According to Blast’s documentation, 50% of the total supply is reserved for the community.
Following Phase 1 of the airdrop, Blast achieved a $3 billion valuation, just 13 days post-airdrop. Over the past 24 hours, Blast’s trading volume has surged to $135 million, a 25.51% increase. Due to current market conditions, Blast is trading below its listing price, offering investors a 50% discount at a current trading price of $0.145.
Zksync
Zksync, an L2 protocol built on the Ethereum blockchain, utilizes zero-knowledge technology to enhance Ethereum’s throughput. Currently trading at $0.1484 with a market cap of $545 million, Zksync is also below $1. The token is presently below the 20, 50, and 100 moving averages, yet a continuous rise in RSI indicates it is gradually building strength.
ZRO
Layer Zero, the third coin on this list, is currently trading at $3.78, down 7.05% in the past 24 hours. Its market cap stands at $470 million, down from $1.05 billion last month.
ZRO facilitates message passing across various blockchains, supporting any blockchain capable of running smart contracts. Despite current market conditions, Layer Zero is on the rise, with both price and RSI showing an upward trend, indicating a strong position.
Coinbase’s Upcoming Listings
A recent tweet by Coinbase announced the upcoming perpetual listing of these three tokens, with futures trading set to begin at 9:30 AM UTC on July 11, 2024.
This move will give over 10 million active Coinbase users access to these tokens. Listing on a major exchange like Coinbase brings increased liquidity, visibility, and accessibility, driving up demand for these tokens.
Read Also: Best Crypto To Buy Right Now As Market Crash Bottoms Out
Don’t wait for the dust to settle – With Coinbase listing these altcoins for futures trading, the action starts July 11th!
