5 Best Cheap Crypto to Buy Now Under 1 Dollar In October 2023

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Uncover the best cheap crypto to buy now under 1 dollar. The budget-friendly tokens allow investors to capitalize on the market’s upward trend.

DeFi (Decentralized Finance) maintains a presence in cryptocurrency, with a total volume of $3.53 billion in the past 24 hours, constituting 8.32% of the total cryptocurrency market 24-hour volume.

This indicates an ongoing interest in decentralized financial solutions, though not at an overwhelming level. In contrast, stablecoins have dominated the trading volume, totaling $39.28 billion. Thus representing a substantial 92.65% of the total cryptocurrency market 24-hour volume.

5 Best Cheap Crypto to Buy Now Under 1 Dollar

The cryptocurrency market has seen a slight increase in its overall market capitalization, accompanied by a noteworthy reduction in trading volume. The prominence of stablecoins and the enduring presence of DeFi projects highlight the multifaceted nature of the crypto market.

1. Woo Network (WOO)

WOO Network is a liquidity network facilitating connections among traders, exchanges, institutions, and DeFi platforms. Its primary goal is to provide cost-effective access to liquidity and trading execution. Moreover, the network relies on the WOO Token for staking and fee discounts.

Within the WOO Network is WOOFi DEX, a decentralized exchange managed by Orderly Network. This DEX boasts high liquidity and advanced trading tools. Likewise, it offers a customizable user interface and a transparent order book integrated with the NEAR protocol. As such, it aims to offer swifter execution and reduced trading fees while permitting users to maintain control of their assets.

Another integral part of the network is WOOFi Earn, designed to streamline user profit generation. This feature operates on the “install and forget” principle, allowing users to deposit their funds into a vault and entrust an automated approach with the rest.

Furthermore, WOO token holders can stake their tokens through the WOOFi “stake” page. Hence providing a means to earn profits from WOOFi swap fees collected in stablecoins. Notably, 80% of these fees are allocated to the daily redemption of WOO tokens and distributed to the staking pool on the same chain as rewards.

We believe real-time reserve data should be the norm.
WOO X has been publishing full asset and liability data every 15 minutes, for nearly a year already.

And we will keep finding new ways to deliver even more transparency. https://t.co/J1oCPB5trn

— WOO X (@_WOO_X) October 20, 2023

The live price of WOO Network stands at $0.179845, signifying a 24-hour trading volume of $8,668,509. WOO Network currently occupies the 95th rank on CoinMarketCap, with a live market cap of $315,543,970. In addition, the total circulating supply of WOO coins is pegged at 1,754,535,835.

2. Rollbit Coin (RLB)

Rollbit Coin’s recent price analysis reveals an uptrend, with a 14.69% price increase attributed to heightened investor demand. The current price for RLB stands at $0.1651, and it encounters robust resistance at $0.1634, with support at $0.141. Further price gains seem likely if the bulls can breach these levels.

Despite a two-day correction, the bullish momentum remains resilient, propelling the RLB/USD pair upward for the past 48 hours. It overcame the $0.1634 resistance, setting its sights on the next barrier at $0.1714. At the time of writing, today’s trading initiated at $0.1581, with the market appearing to consolidate within a specific range.

As of the latest data, Rollbit Coin is valued at $0.163611, boasting a 24-hour trading volume of $7,402,826. It currently holds the #216 rank on CoinMarketCap, with a market capitalization of $539,416,285. The circulating supply comprises 3,296,951,621 RLB coins, while the maximum is 5,000,000,000 RLB coins.

E-Sports have come a long way! 🎮 pic.twitter.com/21NxN2oYwM

— Rollbit (@rollbitcom) October 22, 2023

In summary, the price analysis for Rollbit Coin suggests that bullish momentum is prevalent, and there’s potential for further price increases upon breaking the resistance at $0.1634. However, a drop below the $0.141 support level could perpetuate the bearish trend. While bullish momentum is evident, cautious evaluation remains paramount.

3. Bitcoin Minetrix (BTCMTX)

Bitcoin Minetrix is a cloud mining platform that has introduced tokenization to address concerns related to third-party cloud mining scams. The project aims to offer a secure and transparent way for individuals to mine Bitcoin (BTC) in a decentralized manner.

Moreover, the central concept of Bitcoin Minetrix involves users staking BTCMTX tokens to earn cloud mining credits. This is intended to decentralize control and enhance the overall security and transparency of the mining experience.

The project reports substantial participation, with over 400,000 BTCMTX tokens locked in staking. It’s worth noting that the current annual percentage yield (APY) stands at an exceptionally high 103,225%. However, it is expected to decrease as more tokens enter staking.

The tokenomics of Bitcoin Minetrix allocate 42.5% of the BTCMTX tokens to fund the mining operations. In comparison, 35% are designated for marketing efforts and the growth of BTCMTX. An additional 15% is reserved for community rewards to recognize active participation in the project. Furthermore, 7.5% is earmarked for BTCMTX staking rewards until the Bitcoin Minetrix cloud mining platform is developed.

Considering the Lock-in Period for #BitcoinMinetrix vs Traditional Cloud Mining:#BTCMTX: Variable dependent on staking. ⏳

Traditional Cloud Mining: Fixed timeframe. 🔒#Crypto #Web3 pic.twitter.com/GdHcPbOwiv

— Bitcoinminetrix (@bitcoinminetrix) October 22, 2023

The project has generated interest through an ongoing BTCMTX presale, raising over $1,578,829 by offering BTCMTX tokens at $0.011 per token. Out of the total token supply of 4 billion, 70% (2.8 billion BTCMTX) are available during the presale phase, and investors can acquire them using Ethereum (ETH) or Tether (USDT).

Notably, the minimum investment requirement is $10, making the opportunity accessible to many participants. Potential investors should consider taking advantage of this opportunity before the price increases, with a 1-day window remaining for the current token pricing.

Visit Bitcoin Minetrix.

4. Gala (GALA)

Gala aims to harness the potential of Web3 and blockchain technology to reshape the gaming landscape. It aspires to establish a comprehensive platform featuring AAA-level games, with select titles offered as free-to-play.

In addition, Gala’s central goal is to grant players enhanced freedom, control, and rewards. Hence, it offers a diverse portfolio of Web3 games, including well-known intellectual properties. This diversity positions Gala as a prospective contender in the Web3 gaming ecosystem, poised to compete with mainstream platforms.

In collaboration with OpenSea, Gala facilitates the official sale of NFT collections. Therefore, every Gala account is paired with an Ethereum wallet. This pairing ensures that players can seamlessly engage in peer-to-peer trading of in-game items on OpenSea.

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— Gala Games (@GoGalaGames) October 20, 2023

Furthermore, Gala users can collect in-game NFTs from various games on the platform. These NFTs can be utilized in-game for various benefits, boosts, and rewards or traded on the secondary market. This ownership and trading flexibility for in-game items empowers players to explore and enjoy multiple games with a reduced financial commitment.

Experts anticipate significant potential in the Gala (GALA) cryptocurrency. Predictions suggest that Gala’s maximum price may stabilize around $0.088 as the cryptocurrency market regains value. In addition, the GALA Coin price is projected to reach an average of $0.077 by 2023. However, in the event of a major bearish trend, the minimum price is expected to hover around $0.067 in 2023.

5. XRP (XRP)

Following a recent legal victory by Ripple against the SEC, the price of XRP experienced a notable increase. As a result, the token has moved above its Exponential Moving Average (EMA) lines and is currently holding above the EMA20 level. However, there is some resistance at the $0.53 mark, where selling pressure impedes upward movement.

The moving averages appear to stabilize, and the Relative Strength Index (RSI) is slightly above the midline. Thus indicating a resurgence in buying interest for XRP within the range of $0.5 to $0.558. Suppose the price stays above the moving averages. In that case, an upward move toward the next resistance level is possible at $0.558 or even $0.668.

However, a drop below the moving averages could increase the likelihood of a decline towards the EMA200. A significant shift in the trend is anticipated if the price falls below $0.44.

The XRP Ledger (XRPL) is an open-source, permissionless, decentralized technology. It offers transaction cost ($0.0002 per transaction) and rapid transaction settlement of about 3-5 seconds. Moreover, XRP addresses the issue of scalability by supporting up to 1,500 transactions per second.

Liquidity is the ability to buy or sell without impacting price.
It’s also essential in crypto for business.

Brad Chase, Head of Liquidity Products, describes the importance of crypto liquidity in under a minute. #CryptoInOneMinute ⏱️ pic.twitter.com/pnsgmwtpxJ

— Ripple (@Ripple) October 20, 2023

XRP’s price is currently pegged at $0.516537, with a 24-hour trading volume of $725,491,847. Over the past 24 hours, XRP has experienced a slight 0.24%. It currently holds the 5th position in the CoinMarketCap ranking, with a live market capitalization of $27,604,291,876.