Three cryptocurrencies under $1 to buy this week

The cryptocurrency market offers a wide range of chances. Although popular cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) receive most of the attention, there are still hidden gems that trade for less than $1. These less well-known altcoins may have room to grow despite their lower value. But it's important to understand that there's more risk involved. Allocating 10% to 20% of their investing capital to these altcoins could be an exciting opportunity for investors with a higher risk tolerance to diversify their portfolio and put themselves in a position to make large rewards in the next bull market.

Polygon (MATIC)

Although Ethereum is commonly acknowledged as the main smart contract platform, its widespread use has resulted in high gas costs for consumers. Herein is the role of Polygon (MATIC), which serves as an Ethereum Layer 2 scalability solution. In order to improve scalability and solve problems like expensive transaction fees and sluggish processing times, Layer 2 solutions are constructed on top of an already-existing blockchain.

The primary goal of Polygon is to assist blockchains in reducing these difficulties. When compared to Ethereum, which processes transactions at a pace of about 15, the network claims to be able to process thousands of transactions per second (TPS). Its native ERC-20 token has increased by 0.93% during the last day to trade at $0.79. and according to specialists' technical indicators

Polygon’s 200-day simple moving average (SMA) is estimated to hit $0.93, while the short-term 50-day SMA is estimated to reach $0.86 by the beginning of December.

Also, the Relative Strength Index (RSI) is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). The Matic RSI value is at 51.00, indicating that the MATIC market is neutral, according to 32 experts.

Stellar (XLM)

Peer-to-peer (P2P) decentralized network Stellar (XLM) has been on a positive trendline lately. With a current value of $0.12, XLM has increased by 0.3% in the last 24 hours.

Although the team's capacity to form alliances and gain wider acceptance is a prerequisite for the project's success, the expert prognosis misses the highest peak, which occurred in July at $0.196.

XRP XRP's blockchain-based payment system allows for the facilitation of international money transfers, and it offers currency trading at

The company offers a technology called RippleNet that makes cross-border transactions fast, affordable, and effective. Well-known for its low transaction prices and quick processing times, banks frequently employ SWIFT, a global payments system, in comparison to Ripple. Along with the good market trends in the cryptocurrency space, XRP has increased by about 1.5% today. The study published on November 23 by cryptocurrency specialist Ali Martinez suggests that the cryptocurrency is emerging from the bearish trend it has been in since early November and may soon rise to $0.65.

According to anonymous cryptocurrency analyst Richburst9, "XLM is steady inside the $0.98 zone and waiting for a big surge; it seemed to be ready for a bull run and the first to reach $1."

The descending parallel channel is a technical chart pattern illustrating a consistent downward movement of an asset between two trendline barriers, characterized by lower lows and lower highs. Typically, this pattern concludes with a counter-trend upward movement, suggesting a potential upward shift for the XRP token.

That's all for today and thank you for being with me once again.

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