There is palpable excitement in the cryptocurrency market as Bitcoin hits an all-time high of $70,000. Investors are looking for opportunities to salvage their lost fortunes while betting on tokens that are undervalued but profitable in the long run.
With so many new coins emerging, it can be especially difficult for investors and beginners to navigate the cryptocurrency market. Here are our top 3 picks of affordable cryptocurrencies for those who prefer slow and easy investing.
The 3 Most Affordable Cryptocurrencies to Buy in April 2024
Cryptocurrency #1: Dogecoin
Dogecoin is a meme currency inspired by dogs that has been personally endorsed by Tesla President Elon Musk. Doge has performed extremely well during the current bull market phase, outperforming several cryptocurrencies.
Doge is up 118% last month, according to CoinMarketCap. The coin is up 11% in the past 24 hours, which is a good indicator for users to interact with the coin on a financial level. Trading at $0.1846, Doge is capable of providing modest profits to cryptocurrency beginners and enthusiasts.
According to data from CoinCodex, Dogecoin is expected to enter a bullish trend soon.
“Dogecoin is expected to trade between $0.150397 and $0.751531. If the upper price target is reached, DOGE could rise by 306.90% to $0.751531.”
Cryptocurrency #2: TRON
An undervalued gem in the cryptocurrency market, Tron can also be highly profitable for users looking to accumulate stable profits over the long term. Tron is currently trading at $0.1213, up 1.87% in the past 24 hours, according to CoinMarketCap. The cryptocurrency has surged 3% in the past seven days, showing signs of gradual lift and progress. qunjiawei826729496According to data from CoinCodex, Tron is expected to experience small price fluctuations before reaching a stable price rhythm.
“As per our current TRON price prediction, the price of TRON is expected to increase by 1.62% to reach $0.122627 by April 25, 2024. According to our technical indicators, the current sentiment is Neutral, while the Fear & Greed Index shows 81 (Extreme Greed). TRON recorded 11/30 (37%) green days with price volatility of 6.51% over the past 30 days.”
Additionally, the platform expects Tron to trade between $0.104858 and $0.421798 by the end of 2024.
“TRON is expected to trade between $0.104858 and $0.421798. If the price target ceiling is reached, TRX could rise by 246.72% to $0.421798.”
Considering its future price trajectory and lift indicators, Tron could also become an affordable cryptocurrency.
Crypto #3: Shiba Inu
Shiba Inu is another meme-inspired cryptocurrency that has recently taken the lead in the memecoin vertical. The cryptocurrency is up 17% in the past seven days due to its strong community impact and growth.
Shiba Inu initially launched as a decentralized memecoin but quickly solidified its reputation as one of the leading altcoins governing the space. Each CMC holds millions of tokens and is currently trading at $0.00002961.
CoinCodex predicts that Shiba Inu will hit an all-time high in April 2024.
“Based on our current Shiba Inu price forecast, the Shiba Inu price is expected to rise by 231.54% to reach $0.00009791 by April 25, 2024. According to our technical indicators, the current sentiment is Bullish, while the Fear & Greed Index is showing 81 (Extreme Greed) . Over the past 30 days, Shiba Inu has had 18/30 green days (60%) and price volatility of 31.67%.”
