Reaching the $1 price level is a notable milestone for many crypto coins, with investors’ attention drawn to projects founded on strong fundamentals. This year presents opportunities for these crypto coins to hit the $1 dream level. Discover these crypto coins that could hit the $1 milestone this year. Let’s dive into the details.
Hedera (HBAR)
Hedera is among the most innovative crypto projects with a strong candidacy for the next coin that may hit $1. Unlike traditional blockchain technology, Hedera offers a unique proprietary Hashgraph consensus algorithm. This yields desirable energy efficiency and scalable qualities, attracting developers and businesses.
Hedera is backed by leading tech players in its governing council, including Google, Boeing, and IBM. This institutional involvement portrays credibility, attracting developers to build upon the platform.
Hedera is at the heart of growing enterprise adoption, given it offers intriguing real-world utility. EQTY Lab unveiled Verifiable Compute alongside Intel and NVIDIA on the Hedera Network to address trust and verification within the AI industry. A recent filing by Coinbase Derivatives indicates the objective to imminently list futures contracts Hedera (HBAR) and Solana (SOL). This positions Hedera as a top contender that could trade above the $1 barrier.
Hedera integration in finance is evident following the debut of PHPX stablecoin. The initiative, backed by Filipino banks, was built on Hedera. This signals the network’s superior capabilities to power large-scale financial transactions efficiently. With enterprise adoption rising, HBAR is well positioned for a breakout to break the $1 level. The holders who bought HBAR token at the lowest cost of $0.0425 last year will realize a 2253% gain.
The likelihood of the US Securities and Exchange Commission (SEC) approving Canary Capital’s S-1 filing to issue HBAR exchange-traded fund (ETF) could catapult this altcoin to a leap past $1. The regulatory approval would grant institutional investors regulated yet indirect exposure to HBAR. This could likely bring a surge of capital inflow to sustain the upward momentum of HBAR’s price from the current $0.225.
Cardano
Cardano (ADA) is among the altcoins likely to chart gains toward the $1 price level. The expectations of a rally to $1 and above are partly courtesy of Grayscale’s recent ADA ETF filing
with the New York Stock Exchange. Receiving the SEC’s green light will offer investors a regulated exposure to ADA. The resulting capital inflow could benefit the ADA price, elevating its current price of $0.7799 above $1.
Crypto exchange Kraken recently revived crypto staking for its US-based customers. The bullish move is attributed to the shifting regulatory landscape, nearly two years since Kraken shut down the services in a $30 million settlement with the SEC.
Including ADA in Kraken’s newly launched staking product is an overwhelmingly positive development that cements Cardano (ADA) in future finance. This could trigger demand for ADA and momentum as the next crypto that will likely reach $1.
The Swiss bank Swissquote move to add support for ADA is a testament to the growing confidence in the Cardano ecosystem. The addition of the regulated banking environment will facilitate ADA transfers for Swissquote’s 500,000 clients. This initiative cements Cardano within the global financial system, which could attract large-scale investors and trigger a price surge to $1.
The ADA holders who acquired this coin at its lowest price of $0.314747 last year will attain a 217% gain as the price hits $1.
Final Thoughts
Reaching the $1 price point for Cardano and Hedera is noteworthy for these crypto coins. The real-world utility and integration in the financial system could drive ADA and HBAR toward the $1 milestone. This presents promising opportunities for investors pursuing crypto coins that could hit $1 in the ongoing wave of crypto market growth.
