While “Uptober” is almost over, a number of cryptocurrency coins trading under $1 are still presenting themselves as potential growth picks in the following weeks.
As investors are now increasingly more interested in what comes after the bullish tenth month, these assets could be an ideal opportunity to capitalize on the lingering momentum.
Accordingly, Finbold consulted OpenAI’s leading artificial intelligence (AI) model, ChatGPT, to identify two sub-$1 cryptocurrencies worth buying in November.
Dogecoin (DOGE)
Dogecoin (DOGE) is currently changing hands at around $0.19, up 0.62% on the week, and ChatGPT noted the meme coin enjoys a strong brand recognition, a large community, and previous bull-cycle momentum.
What’s more, the model mentioned that if the market rotates further into alt-coins next month, DOGE could be one of the assets better positioned for short-term growth.
However, the chatbot argues, Dogecoin’s immediate trajectory will depend on defending support and sustaining buy volume, so it will mostly appeal to high-risk, high-reward investors.
Hedera (HBAR)
The second pick, Hedera (HBAR), was chosen because it supports enterprise-grade use cases via its Hashgraph consensus.
Moreover, the price under $1, combined with October’s upward trajectory, suggests further upside, especially if investor attention shifts.
Indeed, HBAR is trading at $0.20, almost the same price as DOGE, although its weekly performance has been stronger, pushing the crypto up more than 18%.
Furthermore, Hedera is now in the spotlight since Sanary’s HBAR spot exchange-traded fund (ETF) debuted on NASDAQ with $8 million in first-day volume on Tuesday, October 28.
Ultimately, HBAR’s short-term success depends on whether ETF-driven institutional inflows can continue to boost the technical picture.
ChatGPT picked Dogecoin for its strong community support and brand recognition and chose Hedera due to enterprise adoption and ETF-driven institutional interest.
In other words, both tokens offer potential growth for high-risk, high-reward investors navigating the post-“Uptober” market, albeit with slightly different levels of speculation attached to them.
Featured image via Shutterstock
