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The cryptocurrency market experienced significant volatility in April due to sentiment surrounding the Bitcoin Halving. BTC’s price has remained unpredictable for over a month, leading to sideways movement in the daily chart. However, the crypto market has begun recovering, leading to a post-halving rally.
The search for the best cheap crypto trading below 1 cent has investors searching the market as the bull run of 2024 takes off. A few cryptos have distinguished themselves among the numerous choices by prospecting for a significant upswing. Today’s analysis highlights some cryptos under 1 dollar that analysts could offer considerable returns.
7 Best Cheap Crypto to Buy Now Under 1 Cent
Solana’s recent blockchain ventures are gaining notice. Among them is Mega Dice (DICE), a gaming and gambling token swiftly gaining popularity since its presale commenced. In less than two weeks, Mega Dice has raised over $700,000, indicating significant interest in this novel concept.
Furthermore, XEC is experiencing an upward trend in the short term, trading at 129.98% above its 200-day Simple Moving Average. Moreover, Floki’s impressive 16.6% surge in 24 hours signals a distinct shift in investor sentiment towards higher-risk assets.
1. Nervos Network (CKB)
Nervos Network has consistently seen its value surge since the beginning of May. This growth comes on the heels of the token’s listing on BitMart. Analysts have predicted that the price surge will continue to increase if there is a sustained demand for altcoins and favourable inflation reports. Besides, the Bitcoin-halving event’s ripple effect will further fuel investor sentiment.
Moreover, CBK trades at a remarkable 258.84% above its 200-day SMA, demonstrating robust market performance. The token’s market cap has broken the 1 billion Dollar market. This indicates that it has surpassed established contenders like ADA and XRP this year.
Boasting an impressive 6.3X surge in its price trajectory for 2024, CKB is valued at $0.01872, which is a 19.10% increase from the previous 24 hours. Riding high on this bullish momentum, experts speculate that Nervos could soar past its 52-week high of $0.025, aiming for a remarkable climb toward $0.044 in the bullish wave of May.
#BitMart will list Nervos Network (CKB) @NervosNetwork on our digital assets platform on May 01, 2024 🤩
💰Trading pair: $CKB/USDT
💎Deposit: Already opened
💎Trading: 5/01/2024 3:00 PM UTCLearn more: https://t.co/CgaiAQ5FRN pic.twitter.com/87AQOT5SjQ
— BitMart (@BitMartExchange) April 30, 2024
On a YTD basis, CKB has experienced a staggering 499% increase in price. This performance means it outperformed 86% of the top 100 crypto assets, surpassing the performance of Bitcoin and Ethereum. In summary, Nervos Network stands poised for significant growth, with analysts projecting continued bullish trends supported by solid market fundamentals.
2. Mega Dice (DICE)
Mega Dice, an established casino, has raised over $700,000 in its presale for the new $DICE token, which aims to transform GameFi. This token rewards current users and attracts new ones, playing a crucial role in Mega Dice’s gamification plan. Remarkably, Mega Dice plans to become the pioneer in crypto casinos, offering daily rewards based on platform performance.
Solana’s recent blockchain ventures are gaining notice. Among them is Mega Dice (DICE), a gaming and gambling token swiftly gaining popularity since its presale commenced. In less than two weeks, Mega Dice has raised over $700,000, indicating significant interest in this novel concept.
The Mega Dice presale has been remarkably successful thus far. The project has achieved a substantial funding milestone, demonstrating a strong demand for its token. Due to their accessibility and limited availability, people are keen to acquire $DICE tokens.
At present, each $DICE token is priced at $0.069. Those interested can link their wallets and swap SOL, ETH, or BNB for $DICE tokens. Mega Dice has issued 420,000,000 $DICE tokens, with 35% available in the presale.
We’ve just crossed $700K in our presale & hit 8k Telegram members – to celebrate, we’re giving away $4000 in SOL! 🚀
Don't miss out on the opportunity to win BIG with Mega Dice Casino! 💰
Take part here ⤵️https://t.co/wSxiRnIHlz pic.twitter.com/NDMbxQLawK
— Mega Dice Casino (@megadice) May 3, 2024
Meanwhile, they have allocated 15% for player airdrops, 15% for liquidity pools, and 15% for the Casino’s $DICE pool. Another 10% will serve as rewards for token stakers, and the remaining 10% is earmarked for marketing and other agreements.
Mega Dice ensures that the presale is inclusive. Post-presale, they aim to list $DICE tokens on decentralized exchanges (DEXs), potentially enhancing their popularity.
3. Jasmy Coin (JASMY)
JasmyLab Inc., the company behind the Layer2 blockchain “JANCTION”, specializing in data utilization, has agreed to a strategic partnership with Chain With Limited. Through this collaboration, users between Japan and Korea can experience new revenue opportunities through numerous applications.
JasmyCoin is attracting significant attention with its steady price climb in April. Positivity from the Bitcoin Halving is a propelling factor as JASMY trades at $0.01862 after an 8.49% increase in the last 24 hours. Meanwhile, investors are bullish on the coin with its Greed score of 78, signalling growing coin transactions.
Moreover, JASMY’s market growth over the past year saw it print a 162% increase, offering gains to early investors. Impressively, it has outperformed 76% of the top 100 assets, including Bitcoin and Ethereum. Jasmy trades 332.26% higher than the 200-day SMA, which is $0.004690.
We are pleased to announce the MOU between #JANCTION and #C2E!
Please check here for details!https://t.co/ZIhaZyLSw0#JANCTION #Jasmy #C2E@HARA_jasmyCFO @JasmyMGT @chainwith_c2e
— JANCTION (@JanctionMGT) May 2, 2024
Meanwhile, it has witnessed 15 green days in the last 30 days, solidified by its high liquidity based on market cap. Given these robust fundamentals, JasmyCoin possesses the potential to achieve increased market growth.
Therefore, analysts predict that if JasmyCoin announces collaborations with other networks, its price could surpass $0.0192 by 2024. In a bullish market scenario, the average price will stabilize around $0.0194 by the same year. However, in a market downturn, the minimum value could plummet to $0.0163 in 2024.
4. Floki (FLOKI)
Floki is a meme coin powered by a devoted community of fans and developers. It symbolizes the unpredictable nature of the cryptocurrency. However, the token is attracting widespread attention from both supporters and critics.
Despite its price falling by 5% over the previous month, Floki opened the trading day with an 11.6% rise, reaching $0.0001900. On a YTD basis, it has surged by 431%, outpacing many other cryptocurrencies.
As of the time of writing, FLOKI’s price stood at $0.0001922, a 16.6% increase in 24 hours. If this trend persists, FLOKI could reach resistance levels at $0.00022971 and $0.00002532. According to Fibonacci levels, a breakout rally might push the meme coin towards challenging the $0.00030 peak, potentially leading to a 2x surge before May ends.
This week in the #Floki / #TokenFi Weekly Recap:
✓ TokenFi TV ads in Turkey + contest
✓ $ARQX on TokenFi Launchpad
✓ Justin Sun mentions $FLOKI
✓ Upcoming Community AMA
✓ New locks on #FlokiFi LockerAll this, and more, on Sat, May 4 @ 2PM UTC! 👇
https://t.co/KyNndEnhzY— FLOKI (@RealFlokiInu) May 3, 2024
The increase in Floki’s price pushed its market cap to $1.8 billion, showcasing the growing popularity of meme coins. Unlike its rivals, Floki experienced a 37.5% increase in its 24-hour trading volume, surpassing $294 million, indicating sustained investor interest.
If market momentum and investor sentiment remain positive, FLOKI may reach $0.0002. Additionally, with future upgrades in the FLOKI ecosystem, it could surpass its current all-time high (ATH) of $0.0003437 and set a new record.
5. eCash (XEC)
eCash rebranded from Bitcoin Cash ABC (BCHA), which initially forked from Bitcoin (BTC) and Bitcoin Cash (BCH). It positions itself as a cryptocurrency tailored explicitly for electronic cash usage. The core focus of eCash lies in providing a fast, secure, and private medium of exchange for global transactions.
Presently, eCash is valued at $0.00005091, boasting a 24-hour trading volume of $14.63M and a market capitalization of $1.02B. Furthermore, its value has increased by 10.99% in the past 24 hours. The token also surged by 92% over the past year, outperforming 62% of the top 100 crypto assets.
The prevailing sentiment around eCash’s price prediction is bullish, with a Fear & Greed Index indicating a confidence level 66. Notably, eCash is currently trading 69.69% above its 200-day Simple Moving Average (SMA) of $0.00003064.
Building Never Stops! 👨🏻💻
📣 Bitcoin ABC 0.29.3 is here! 🚀
This release adds a new Lokad ID index to Chronik so developers can easily build applications on top of eCash.
ℹ️ Check out the release notes and upgrade to the latest major version (0.29.x) before May 15th. ⤵️$XEC… https://t.co/hwD3hXHRKE
— eCash (@eCashOfficial) May 1, 2024
Analysts suggest that eCash’s trajectory could grow, given ongoing efforts to enhance payment efficiency by reducing transaction finality time. Additionally, potential collaborations with other networks could propel the XEC’s value, with projections foreseeing a surge to $0.0001085 by 2024.
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