The world of cryptocurrency is buzzing with excitement as investors are looking for new opportunities beyond the well-known bitcoin and ethereum. What they’re finding is a range of affordable altcoins ready to shake up the market. These low-cost options carry a higher risk but also the potential for big gains in the upcoming bull market. Here are three cryptos priced under $7 that are worth a look.
Crypto Market Analysis: What’s Happening Now?
The cryptocurrency market has been a rollercoaster ride in recent times, with notable fluctuations in market capitalization and bitcoin dominance. Here’s a breakdown based on the latest data:
Market Cap Fluctuations
The total market cap of cryptocurrencies was around $1.36 trillion on November 15th, which increased to $1.44 trillion on November 16th. However, we saw a slight dip to $1.38 trillion on November 17th, with a gradual increase to $1.42 trillion by November 21st. Clearly, the market is experiencing quite a bit of volatility.
7-Day and 30-Day Performance
Over the past 7 days, the cryptocurrency market has been up and down, reflecting its inherent volatility. The same trend is even more pronounced over a 30-day period, showing significant fluctuations in market cap values.
bitcoin’s dominance in the market has been relatively stable but shows a slight increasing trend. Starting at 50.90% on November 15, it rose to 51.67% by November 21. This growth in dominance signals that bitcoin remains a major player in the cryptocurrency market.
Altcoin Market Cap
Altcoins also showed variability in market cap, reflecting their sensitivity to market changes.
Top 3 Cryptos Priced Under $7 to Consider
#3 Uniswap (UNI)
Uniswap is making waves in the world of decentralized cryptocurrency exchanges due to its revolutionary automated market maker (AMM) model. This approach allows for direct token swaps on the blockchain without intermediaries, making it a popular platform for trading new crypto assets. Uniswap is the most active decentralized exchange in terms of trading volume, further demonstrating its clout in the market.
Currently trading at approximately $5.23, with a market cap over $3 billion, UNI has significant growth potential in the next bull market, reaching a high of $42.4 at its peak.
#2 ApeCoin (APE)
ApeCoin is carving out a unique space in the cryptocurrency world with its focus on collectibles, NFTs, content creation, gaming, and the metaverse. As part of the ethereum ecosystem, APE has gained attention across various innovative sectors.
With a current trading price of around $1.53 and a market cap of approximately $563 million, APE has demonstrated strong market activity and potential for growth.
#1 THORChain (RUNE)
THORChain is a decentralized exchange token within the Cosmos ecosystem, emphasizing DeFi and DEX functionalities. Its robust Proof-of-Stake consensus mechanism ensures secure and fast transactions.
RUNE is currently priced at about $5.19, with a market cap nearing $1.75 billion. The token has experienced an impressive 193% increase over the past 30 days, indicating strong momentum and potential for further appreciation.
It’s clear that the cryptocurrency market is full of exciting opportunities beyond just bitcoin and ethereum. By exploring more affordable altcoins, investors with a taste for risk and a keen eye for potential growth can diversify their portfolios and possibly reap substantial rewards in the upcoming bull market. This is definitely an area worth watching in the coming weeks and months.
### News source: cryptoticker.io