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As the Bitcoin halving draws near, the market is experiencing a significant rally, driving the overall Greed score to its peak. Many coins are seeing notable gains, sparking enthusiasm among investors to capitalize on the opportunities presented by the rally. Low-cost tokens have become attractive options for traders seeking cost-effective market entry points.
However, investing in tokens priced under 1 cent requires careful research. Therefore, this article compiles a list of affordable tokens in the crypto market that offer potential returns, emphasizing the importance of thorough analysis before making investment decisions.
7 Best Cheap Crypto to Buy Now Under 1 Dollar
Investors are set on uncovering the next major opportunity in the crypto market, especially with a price below 1 cent. This has increased interest in tokens such as Bonk, TUK, and ADA, especially in the ongoing market rally. Meanwhile, bullish bets on Dogecoin have surged to a record $1 billion, with DOGE futures marking a historic open interest level at $1 billion.
1. Bonk (BONK)
Powered by the Solana blockchain, Bonk is currently riding the positive wave experienced by meme coins. Over the past intraday session, BONK has surged by 56%, reaching a trading price of $0.000021. This surge has pushed its market capitalization above $1.4 billion, making it the 62nd largest cryptocurrency.
Likewise, It’s the third largest in the meme coin world. Notably, BONK’s current trading price is above the 200-day simple moving average and near its cycle high of $0.00002264. This wave of positive trends is propelling the coin into more of the limelight. Furthermore, analysts are bullish on Bonk, predicting an upward trend fueled by the extreme greed sentiment.
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— BONK!!! (@bonk_inu) February 10, 2024
The Fear & Greed Index is currently high at 80 as investors continue significant Bonk token transactions. As a result of increased transactions, Bonk’s trading volume has surged by 178%, reaching $920 million. Similarly, social activity surrounding Bonk has also surged. There’s been a 320% increase in social numbers since February 25th, with significant engagement on platforms like X and Telegram.
2. Shiba Inu (SHIB)
Shiba Inu unveiled the 14th edition of The Shib Magazine on Wednesday, featuring a collaboration with Paris-based open-source cryptography firm Zama. The announcement propelled Shiba Inu’s price to surge to 0.00001, surpassing its critical resistance level of 0.000009. As a result, the optimism surrounding SHIB suggests a potential rally as it dodged bearish market indicators.
As of press time, SHIB has surged by 34% in the past day, reaching highs of $0.00001439 within two days, effectively cutting a zero. Moreover, several key indicators are positive, further bolstering confidence in Shiba Inu’s upward trajectory.
Years ago, #ShibToken marked the beginning of an adventure, pushing us beyond the boundaries of decentralization. We're excited to step into the experimental test of our DN404 standard, another bold step towards the future. 🌐
CA👇
0x5dE869E3E62B0FB2c15573246BA3Bb3Fd97a2275— Shib (@Shibtoken) February 24, 2024
SHIB trades above the 200-day SMA as the coin continues its northbound movement. In addition, it has seen 20/30 days of green candle sticks, pushing it close to its cycle high. Meanwhile, experts predict this positive momentum will likely be sustained, particularly as the overall market outlook remains green.
3. BitTorrent (New) (BTT)
With the upcoming Bitcoin Halving gaining traction, BitTorrent is drawing market attention as a budget-friendly alternative to BTC. The ongoing market rally has flooded BTT’s trends with positive metrics. Over the past 24 hours, BTT has printed an 18.32% increase, climbing to $0.0000013. This surge reflects the prevailing bullish sentiment toward BitTorrent, further reinforced by a Greed score of 80.
This high greed score indicates extreme greed among investors and signals increased trading activities. In a broader context, BTT has exhibited remarkable growth over the past year. Its price soared by 74%, outperforming 58% of the top 100 crypto assets. In addition, it is trading above its 200-day simple moving average, signaling a positive trajectory.
📢LAST WEEK IN #BitTorrent
✅According to BTFS SCAN, the number of total miners on BTFS passed 7.9M; the total number of contracts on BTFS is 143M.
✅BTFS 2.3.5 is in developmenthttps://t.co/YnJxgmblDO— BitTorrent (@BitTorrent) February 27, 2024
Notably, BTT boasts high liquidity, as evidenced by its market cap. These developments highlight BTT’s increasing traction within the crypto space. They draw the attention of investors seeking opportunities for potential gains. As the crypto market continues to rally, BTT’s upward trends position it favorably for continued growth and investment consideration.
4. eTukTuk (TUK)
eTukTuk aims to revolutionize transportation in developing nations and globally through its AI-powered, sustainable transport solution. With the use of blockchain technology, eTukTuk is building the charging infrastructure of the future. This initiative addresses the environmental concerns associated with traditional tuk-tuks, known for their high pollution levels.
"Breakout crypto eTukTuk is working on improving urban transportation in developing nations with electric vehicles and blockchain technology." – @cryptonews
Read more here: https://t.co/7hr62WePzm
— eTukTuk (@eTukTukio) February 8, 2024
Furthermore, the project’s white paper highlights the significant impact of internal combustion engine (ICE) tuk tuks and other two- and three-wheeler vehicles on developing nations. Hence, it emphasizes the need for sustainable alternatives.
Moreover, the eTukTuk token presale has gained momentum, surpassing $1.5 million in funds raised. Currently priced at $0.0275 per $TUK token, this value is expected to increase in the upcoming presale stage. As the presale enters its next phase in 8 days, the TUK token will experience a potential price surge. This presents a window for investors to capitalize on the current token price before it rises in the next presale phase.
5. JasmyCoin (JASMY)
Jasmy aims to harness the potential of the Internet of Things, introducing novel applications that have captured the attention of investors during the current market upswing. Over the past 24 hours, Jasmy has experienced a rally, hitting 18/30 days of green candle sticks. It surged by 15% to reach a trading price of $0.01811 as of 05:06 a.m. EST. This surge drove the trading volume up by 77% to $579 million.
Notably, JasmyCoin has witnessed an impressive 235% increase in value over the last month. This surge was propelled by heightened user engagement and its recent listing on Guarda Wallet. Before this surge, JasmyCoin had consolidated since the beginning of the year, trading within the $0.006 range. However, recent market dynamics suggest a shift in momentum, with bullish forces driving the price toward an upward trajectory.
Technical analysis of JasmyCoin’s price movement reveals a bullish bias—the coin trades within a bullish pennant pattern. Therefore, analysts anticipate a continuation of bullish momentum as we enter the new month, with the potential for further price appreciation.
6. Klaytn (KLAY)
KLAY is among the low-cost tokens that are printing gains in the current rally, as analysis of the coin is bullish. Further strengthening this view is the extreme greed reading of 80 as investors transact the token. This has caused the coin to rise by 6.63% in the past 24 hours, bringing its price to $0.256100.
Moreover, Klaytn’s market price has experienced a rise of 6.17%, hitting $882,741,070. Similarly, trading volume has surged by 64.93%, totaling $67,597,369. Despite these positive movements, KLAY is trading approximately -4.78% below its cycle high. However, it remains significantly higher, at 137.27%, above its cycle low.
The @Finschia and #Klaytn Foundation teams have been working hard finalizing plans for the upcoming chain merge. Today, both leadership teams had a productive meeting at #LINE's offices 🤝
Stay tuned for a joint community town hall detailing out plans regarding the merge! pic.twitter.com/j7LJLsKe7N
— Klaytn (@klaytn_official) February 28, 2024
Furthermore, technical analysis indicates that Klaytn is trading above its 200-day simple moving average, suggesting a favorable trend. Moreover, out of the last 30 days, KLAY has experienced 17 green days, constituting 57% of the trading period. This positions the token near its cycle high with high liquidity, as evidenced by its market cap.
7. Cardano (ADA)
Bitcoin’s rise to $64,000 is causing increased optimism among investors, particularly in the Altcoin market. After printing 18/30 days of green candlesticks, Cardano has caught the attention of market observers. ADA’s price surged from $0.49 to $0.61 during this period, marking a 30% increase.
Correspondingly, its market capitalization experienced a substantial jump from $17 billion to $21 billion. Moreover, the technical analysis of Cardano (ADA) suggests a favorable outlook.
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— Cardano Community (@Cardano) February 26, 2024
The coin trades above its 100- and 200-day Exponential Moving Averages (EMAs) and shows 27 positive technical indicators. Consequently, this bullish sentiment has led many analysts to project a further rise in ADA’s price, estimating it to reach $0.85 by the second quarter of 2024.
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