There are signs that a new crypto bull run could be on the horizon, with the Bitcoin price trading at an all-time high and tailwinds strengthening. Some of these tailwinds are low inflation, a weaker US dollar, upcoming Crypto Week, and strong technicals.
Under $1 Altcoins to Buy as the Crypto Bull Run Starts
Some of the best altcoins to buy that trade below $1 to buy are Stellar Lumens (XLM), Hedera Hashgraph (HBAR), and Arbitrum (ARB).
Stellar Lumens (XLM)
Stellar is one of the best altcoins to buy as the crypto bull run starts. Started by Jed McCaleb, Stellar Network is a top layer-1 project focusing on the payments and real-world asset tokenization industries.
As we mentioned earlier, there are several reasons to consider buying Stellar tokens. First, it is the fourth-biggest blockchain network in the RWA industry with over $450 million in assets.
Second, Stellar’s stablecoin supply is surging, signaling more usage by the community members. Furthermore, Stellar has partnerships with renowned organizations, including UNICEF and MoneyGram.
Technically, as the chart below illustrates, the XLM price has formed a double-bottom pattern, indicating an potential rebound of double digits.
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Hedera Hashgraph (HBAR)
HBAR is another under-$1 crypto to buy. Like Stellar, Hedera Hashgraph is a top layer-1 blockchain known for speed and low transaction costs. It is also known for its governance council, which includes some of the world’s leading blue-chip companies, such as Google and IBM.
Hedera’s network is growing, with stablecoin demand on the network following an upward trajectory. Its USDC volume has jumped to over $150 million, thanks to the fixed 0.001% transaction fee. Shinhan and Cathay Banks are piloting its stablecoin studio product, while the AUDD stablecoin has been launched.
The HBAR price has formed a double-bottom pattern at $0.1290, indicating more upside potential in the near term. Such a jump may cause it to rise to $0.33 during this cycle.
Arbitrum (ARB)
ARB is another quality blue-chip under $1 altcoin to buy as the crypto bull run kicks off. It is the second-biggest layer-2 network in the crypto industry, handling over 53 million transactions in the last 30 days.
Arbitrum’s network is growing rapidly this year, to the point where Robinhood has selected it for its tokenization project. It is also a huge player in the stablecoin, decentralized exchanges, and DeFi industries.
The ARB price is likely to rebound, as it has formed a double-bottom pattern and a bullish divergence, indicating further gains.
Other Best Cryptos to Buy
There are many other crypto coins to buy for substantial gains. Some of those trading below $1 are Ondo, Sei, Tron, and Optimism. Still, like with all investments, there are risks involved and you should do your own research.
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