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3 Underrated Cryptocurrencies Under $5 to Consider Selling Before Bitcoin Drops Below $60,000

Published by Paul
Edited: 4 weeks ago
Published: June 20, 2024

3 Under-the-Radar Cryptocurrencies Under $5: A Strategic Sell Before Bitcoin Dips Below $60,000 Cryptocurrencies, the digital counterpart to traditional currencies, have been a rollercoaster ride for investors since their inception. The bitcoin price alone has seen a 65% decrease from its all-time high of $64,863.10 in April 2021 to $23,685.94

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3 Under-the-Radar Cryptocurrencies Under $5: A Strategic Sell Before Bitcoin Dips Below $60,000

Cryptocurrencies, the digital counterpart to traditional currencies, have been a rollercoaster ride for investors since their inception. The bitcoin price alone has seen a 65% decrease from its all-time high of $64,863.10 in April 2021 to $23,685.94 in July 202However, there is a silver lining for those looking to invest in alternative digital currencies that are currently under the radar. Here’s our list of three cryptocurrencies under $5 that could offer strategic potential returns before the bitcoin price possibly dips below $60,000.

Dogecoin (DOGE)

Launched in December 2013, Dogecoin was created as a joke based on the “Doge” meme. Despite its humble beginnings, it has garnered a significant following due to its affordability and unique community spirit. With a current price of around $0.21, Dogecoin could be an attractive investment option for those looking for a potential low-risk return.

Cardano (ADA)

Developed by Input Output Hong Kong, Cardano is a decentralized public blockchain and cryptocurrency project that is powered by the proof-of-stake consensus protocol, Ouroboros. Cardano’s current price of approximately $0.48 has been relatively stable compared to other cryptocurrencies and could prove to be a solid investment as it continues to build its ecosystem.

Polkadot (DOT)

Co-founded by Gavin Wood, former CTO of Ethereum, Polkadot is a next-generation blockchain platform designed to connect and securely transfer data between independent blockchains. With a current price of around $13.28, Polkadot offers a more established investment opportunity with significant potential for growth as it continues to develop and expand its network of interconnected blockchains.

Exploring Underrated Cryptocurrencies: A Diversification Strategy

Cryptocurrencies, the digital version of traditional currencies, have revolutionized the financial world with their decentralized and secure nature. The cryptocurrency market, which includes prominent players like Bitcoin, Ethereum, and Ripple, has shown remarkable growth in recent years. However, its volatility is noteworthy, with drastic price fluctuations often occurring without warning.


This unpredictability underscores the importance of diversifying investments. The potential risks of relying solely on one cryptocurrency, particularly Bitcoin, become apparent when prices plummet.

Pitfalls of Solely Bitcoin:

Consider the potential risks: if Bitcoin dips below $60,000, holding only this cryptocurrency could result in significant losses. This is where exploring underrated cryptocurrencies under $5 comes into play, offering potential benefits and minimizing the risk of being overly reliant on any single digital asset.

Three Underrated Cryptocurrencies:

Below, we present three underrated cryptocurrencies worth considering for investment before Bitcoin dips below $60,000:

  • Cardano (ADA)

    Cardano is a decentralized public blockchain and cryptocurrency project that is developing smart contract functionality. It has shown promise with its unique proof-of-stake consensus mechanism, Ouroboros, and the upcoming Alonzo hard fork that aims to enable smart contracts.

  • Solana (SOL)

    Solana is a high-performance blockchain with fast transaction speeds, making it an attractive option for decentralized finance (DeFi) applications. The platform’s innovative proof-of-history consensus algorithm and the recent launch of its decentralized exchange, Serum, add to its potential.

  • Polkadot (DOT)

    Polkadot is a multi-chain platform that enables interoperability among different blockchains, enabling the transfer of any data or asset between chains. Its unique relay chain and parachain concept make it a strong contender for future blockchain adoption and growth.

By incorporating these underrated cryptocurrencies into your investment portfolio, you can diversify and potentially mitigate the risks associated with investing solely in Bitcoin. Remember, however, that all investments come with their unique risks and rewards; always do your research before making a decision.

Underrated Cryptocurrency #1: Cardano (ADA)

Brief history and background of the project

Cardano, represented by the symbol ADA, is a decentralized public blockchain and cryptocurrency project that was founded in 2015 by Charles Hoskinson. The project was built to provide a more balanced and evolving cryptocurrency platform through the use of peer-reviewed research and evidence-based decision making. Cardano is named after Gerolamo Cardano, an Italian mathematician, philosopher, and scientist from the Renaissance period.

Current market position, price, and market cap

As of now, Cardano is the ninth-largest cryptocurrency by market capitalization, with a value of approximately $17 billion. One ADA token trades at around $0.49, making it an intriguing option for investors looking for potential growth in the mid-tier cryptocurrency space.

Key features and advantages: OSI model, proof-of-stake consensus algorithm, smart contracts

OSI Model:

Cardano’s unique selling point is its implementation of the On-chain Scalability Institute (OSI) model, which is a five-layer protocol for interoperable blockchains. This approach allows developers to build decentralized applications (dApps), sidechains, and other complex structures on the Cardano network more efficiently.

Proof-of-Stake consensus algorithm:

Another advantage of Cardano is its proof-of-stake (PoS) consensus algorithm, Ouroboros Royal, which enables energy efficiency and faster transaction processing compared to proof-of-work systems like Bitcoin. PoS also allows token holders to earn rewards by securing the network and staking their ADA tokens, making it a more attractive investment proposition for those interested in passive income.

Smart contracts:

Cardano’s smart contract functionality, called Marlowe, enables developers to create custom financial instruments and decentralized applications (dApps) on the network. This opens up possibilities in various industries such as finance, insurance, gaming, and more.

Recent developments and partnerships

Cardano has been making progress in recent months, with notable collaborations including a deal with the Ethiopian government to help build a blockchain-based digital identity system. Additionally, the platform has announced its partnership with the decentralized finance (DeFi) project, MELD, to bring stablecoins and yield farming opportunities to the Cardano ecosystem.

Reason to consider selling: potential for profit, market volatility, and Bitcoin correlation

It’s important to remember that investing in cryptocurrencies involves inherent risks. While Cardano has potential for significant growth, it is also subject to market volatility and Bitcoin correlation. An expert opinion would suggest considering selling a portion of your holdings when ADA reaches the $0.75-$0.80 range for potential profits, while keeping an eye on broader market trends to minimize losses during potential downturns.

I Underrated Cryptocurrency #2: Chainlink (LINK)

Chainlink, or LINK, is an


cryptocurrency that has been making waves in the blockchain industry. This decentralized oracle network was launched in 2017 by Sergey Nazarov and Steve Ellis with the goal to bridge the gap between smart contracts and real-world data.

Background and Origins:

Chainlink was designed to provide reliable and secure off-chain computations and external data feeds to on-chain smart contracts. The project aims to solve the problem of integrating real-world data into blockchains, making it an essential component for various decentralized finance (DeFi) and non-fungible token (NFT) applications.

Current Market Position, Price, and Market Cap:

As of now, LINK has a market capitalization of approximately $7 billion and is currently trading at around $25 per token. With its solid foundations and promising future potential, LINK holds the sixth position on CoinMarketCap’s list of top cryptocurrencies by market capitalization.

Unique Selling Points:

The primary selling point of Chainlink is its decentralized oracle network. It allows smart contracts to securely access off-chain data and external computation services, enabling the creation of more complex and functional decentralized applications. Moreover, Chainlink has partnered with leading companies such as Google Cloud, SWIFT, and Oracle to provide real-world use cases for the platform.

Reason to Consider Selling: Potential for Profit, Market Saturation, and Regulatory Concerns:

Although Chainlink has great potential, investors should consider the following factors before making a decision to sell:

  • Profit: After experiencing significant growth, LINK’s price might have reached a peak. Selling at this point could provide potential profits for investors.
  • Market Saturation: The cryptocurrency market can be volatile and subject to rapid changes. As more investors enter the market, competition might lead to a decline in prices.
  • Regulatory Concerns: Regulations surrounding cryptocurrencies can impact the entire market, including Chainlink. Unfavorable regulations could negatively affect LINK’s price and market position.

Underrated Cryptocurrency #3: Polkadot (DOT)

A. Polkadot, represented by the symbol DOT, is an open-source sharding multichain technology, designed to enable interoperability between different blockchains. Polkadot was founded by Gavin Wood, one of the co-founders of Ethereum. The project aims to create a decentralized network of independent chains that can communicate and transact with each other, thereby providing scalability, interoperability, and security.


Currently, Polkadot holds the 8th position in the global cryptocurrency market rankings. The current price of DOT is $12.73, with a market capitalization of approximately $10.9 billion.


Key Features: One of the most compelling aspects of Polkadot is its ability to provide interoperability. By allowing different blockchains to connect and communicate with each other, Polkadot addresses the issue of fragmentation within the crypto ecosystem. Additionally, it offers scalability through its unique design that includes a central relay chain and parachains. Parachains are independent chains that can run their own consensus mechanisms but depend on the security of the central relay chain.


In recent months, Polkadot has made significant strides in partnerships and developments. Some notable ones include collaborations with Chainlink, Aave, and Balancer. The team has also launched the first parachain auctions in late 2021, paving the way for the integration of other projects onto the Polkadot network.


Reason to Consider Selling: Investors who believe in the potential for short-term profit may consider selling their DOT tokens. Network congestion and competition from other similar projects, such as Cardano or Solana, could also be reasons to sell. However, it is essential to remember that cryptocurrencies are a high-risk investment and selling decisions should be based on thorough research and personal financial circumstances.


In this extensive exploration of the underestimated cryptocurrencies, we have delved into the intricacies of three promising projects: Cardano, Polkadot, and Chainlink. These coins, although often overshadowed by their more popular counterparts, have shown significant potential in terms of innovation, functionality, and long-term growth.


with its proof-of-stake consensus algorithm and focus on smart contract development,


with its interoperability solution and multi-chain network, and


with its decentralized oracle system, each hold unique advantages that contribute to the diverse landscape of cryptocurrencies.

Final thoughts on the importance of diversification in crypto investments

As the crypto market continues to evolve, it is crucial to recognize that no single coin holds a monopoly on success. Investing all your resources in one cryptocurrency can be risky, particularly when prices fluctuate dramatically. The value of diversification cannot be overstated in the realm of crypto investments; spreading your funds across various projects can help mitigate risk and potentially enhance returns. By including underrated cryptocurrencies like Cardano, Polkadot, and Chainlink in your portfolio, you can capitalize on their unique strengths while reducing exposure to the volatility of a single asset.

Encouragement for readers to conduct thorough research before making any investment decisions

Before making any investment decisions, it is essential to conduct thorough research and carefully weigh the risks and rewards of each project. This includes evaluating a coin’s underlying technology, team, community support, market potential, and competition. By being well-informed about the projects in which you invest, you increase your chances of making informed decisions that align with your financial goals and risk tolerance.

Call to action for readers to stay informed and follow the publication for more valuable insights into the cryptocurrency market

As the cryptocurrency market continues to mature and evolve, it is important for investors to stay informed about emerging trends, groundbreaking projects, and regulatory developments. By following reputable publications like ours, you can gain valuable insights into the crypto space and make more informed investment decisions. Stay connected and keep exploring the world of cryptocurrencies – the opportunities are endless.

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June 20, 2024