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The cryptocurrency market exhibits mixed market signals, posting a 2.38% increase in market cap. However, the trading volume took a slight hit before recovering, indicating investors are actively trading following the Bitcoin Halving. Consequently, this market sentiment has led to a bullish trend for altcoins as traders acquire several.
Nevertheless, this presents an opportunity to capitalize on the dip for the Altcoin Season post-halving. Numerous promising low-priced cryptocurrencies provide investors with an affordable entry point into the market. Consequently, InsideBitcoins has curated a list of the top five tokens that align with this description.
5 Best Cheap Crypto to Buy Now Under 1 Dollar
This analysis provides traders with valuable insights for assessing the growth potential of various tokens. Many tokens priced below $1 are experiencing upward trends, signalling promising investment prospects.
Also, we look at Sei, Kaspa, Beam, and Pepe as outstanding investment options. These low-cap cryptocurrencies each focus on real-world asset tokenization and blockchain innovation. These factors fuel our recommendation of these assets as potential portfolio additions.
1. Sei (SEI)
SEI’s latest announcement introduces its latest feature, the Telegram Mini App. This app allows users to predict several trade outcomes effortlessly. Users can trade views, swap items, and bookmark their favourite predictions. This development has seen the token’s value enter the top gainers today.
Due to its recent price surge, SEI has attracted attention amid the current Altcoin surge. Within the last 7 days, it experienced a remarkable rally of 38%, reaching $0.6547. This surge in price has been accompanied by an 80% increase in trading volume, indicating a growing interest among traders.
Announcing @Balancer proposal BIP-590 has officially passed.
Ethereum's proven, OG DeFi primitives are coming to Sei v2. https://t.co/alVRaav9JE pic.twitter.com/94eEuP8mW3
— Sei 🔴💨 (@SeiNetwork) April 23, 2024
Furthermore, SEI has quickly climbed to become a top-100 token project by market cap. It subsequently indicates an increased token adoption. SEI is trading near its cycle high and has high liquidity based on its market cap. As the community shows rising interest and investment in SEI, there is potential for the token to reach new heights in the market.
2. Kaspa (KAS)
Recently, the price of Kaspa has surged by 5%, marking a notable increase. Over seven days, the token witnessed a further surge of 14.94%. These gains come after announcing an ecosystem update slated for next week. The token seeks to deploy, mint, and transfer KRC-20 tokens and indexer and API integrations. The project’s roadmap is in progress, with an open beta planned for next month.
Furthermore, at the time of writing, Kaspa is priced at $0.1275, accompanied by a significant rise in trading volume, which has increased by 63.48%. This uptrend in price and trading volume suggests a bullish sentiment among investors and traders. On a year-to-date (YTD) basis, Kaspa has demonstrated remarkable growth, with its price soaring by 378%.
This impressive surge places Kaspa ahead of 81% of the top 100 crypto assets, surpassing Bitcoin and Ethereum. Currently, Kaspa’s price is trading substantially above its 200-day simple moving average by 125.83%, indicating strong market momentum.
Exciting see the ecosystem expanding. https://t.co/fMp1Iwl8kK
— Kaspa (@KaspaCurrency) April 22, 2024
Projections for Kaspa lean towards an optimistic trajectory for the future. According to Kaspa price predictions, the coin could potentially peak at $0.239, with an average price hovering around $0.213 by 2024.
3. eTukTuk (TUK)
eTukTuk is on the brink of a significant milestone in its presale, having raised over $3 million. The project aims to enhance sustainable transportation worldwide, particularly in developing countries. It seeks to achieve this through providing electric vehicles (EVs) and charging stations.
Furthermore, eTukTuk has forged partnerships with key organizations to support its mission. These collaborations position eTukTuk well in promoting sustainable transportation. It focuses on regions where tuk-tuks are crucial in daily travel and trade.
Moreover, the presale target for eTukTuk is $10.7 million. They have meticulously planned their token distribution, with 21.5% set aside for staking rewards to encourage long-term investment. Liquidity receives 7%, and 9.75% is allocated for the presale, ensuring a balanced distribution.
Additionally, eTukTuk plans to list its token TUK on exchanges after the presale. This move intends to simplify the process of investors trading the token. It also demonstrates its commitment to real-time green initiatives powered by advanced technology.
eTukTuk continues to gain traction through its integration of sustainable solutions and innovative technology. This unique blend makes it attractive to investors looking for environmental and financial gains.
4. Pepe (PEPE)
Being a meme coin, Pepe’s value is inherently linked to its transactional use, demand, and popularity rather than utility. Consequently, Pepe is gaining momentum with its recent surge in popularity and demand for memecoin. The overall post-halving surge in the value of the meme coin market has seen Pepe follow suit. The token has seen its price surge over 56% gains in the last 24 hours.
This surge in activity indicates heightened adoption and transactions. It has propelled Pepe to the third position in the memecoin market. Additionally, Pepe’s trading metrics solidify the optimistic sentiment surrounding its price forecast. Pepe’s closing price has exceeded its opening price in 18 out of the last 30 days. This price indicates 60% of days filled with green candlesticks.
Furthermore, Pepe Coin demonstrates robust market momentum. It is trading close to its all-time high, surpassing the 200-day simple moving average. Evaluation of Pepe’s market sentiment displays an Extreme Greed rating of 80 on the Fear & Greed Index. This index signals an increasing investor appetite for the token.
The surge in demand can be credited to Pepe’s deflationary strategy in achieving token scarcity and its alignment with the broader meme coin trend, where popularity and demand significantly influence value.
5. Beam (BEAM)
Beam is attracting considerable interest following its consistent price climb in April. Anticipation of the Bitcoin halving is a propelling factor that sees Beam trade at $0.03021. This price showcases a 19.89% increase in the last 24 hours. Meanwhile, investors are bullish on Beam, which has a Greed score 78. This bullish sentiment comes from the token’s growing trading activities.
Furthermore, Beam’s market growth over the past year has been remarkable, with a staggering 277% increase. Additionally, it has outperformed 76% of the top 100 cryptocurrencies, including Bitcoin and Ethereum. Beam trades 332.26% higher than the 200-day SMA, which is $0.004690. This strong performance emphasizes the token’s potential as an investment opportunity in cryptocurrency.
The token posted 15 green days in the last 30 days and has high liquidity. These robust fundamentals suggest a favourable outlook for the token. It also indicates Beam’s capacity to attract continued investor interest and achieve significant market expansion.
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We have packed episode with @Immutable games lined up!https://t.co/JwZAfL0Lox
— Merit Circle (@MeritCircle_IO) April 23, 2024
Analysts predict that if Beam announces collaborations with other networks, it could reach $0.1. In a bullish market, the average price could stabilize around $0.08 in April. However, in a market downturn, it could nosedive to $0.02 before the end of April.
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