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Despite the recent downturn of the crypto market, some low-priced altcoins are generating bullish momentum. Some tokens emerge as promising cryptos today, showcasing the widespread momentum propelling digital assets forward. We analyze these coins to determine their profitability.
Meanwhile, the recent crypto surge mirrors a broader trend, with 84% of cryptocurrencies gaining value in the last 24 hours. However, before making investments, it’s crucial to scrutinize the best tokens. Therefore, this article discusses the top gainers in the market, equipping you with the knowledge to make informed decisions.
7 Best Cheap Crypto to Buy Now Under 1 Dollar
Shiba Inu has posted remarkable ROI to early investors surging by over 1.8 million percent since its launch. Notably, SHIB’s YTD surge stands at 178. Meanwhile, Chromia has continued its dizzying price movement from April. The token has seen increased market activity, evidenced by its 26.58% value increase in the last seven days.
Furthermore, holding $99BTC offers token holders some benefits, including staking rewards and personalized lessons. Investors also gain access to free trading exposure, signals, and VIP community groups. Below is an overview of 99Bitcoins and the next cryptos to explode.
1. 99Bitcoins (99BTC)
99Bitcoins launched its cryptocurrency, the 99Bitcoins token (99BTC). The token rapidly raised $1,443,542 at the time of writing. This development demonstrates the tokens’ potential. Moreover, investors still have the opportunity to purchase tokens at the price of $0.00105, although rates are expected to increase over time gradually.
Moreover, a presale limit of $10.3 million incentivizes investors to acquire discounted 99BTC tokens before the price increases. These tokens fuel the Learn-to-Earn platform, where users are rewarded for learning about cryptocurrencies. As funding milestones are achieved, the price of 99BTC gradually increases.
Furthermore, the innovative Learn-to-Earn concept incentivizes users to educate themselves about cryptocurrency, providing benefits to token holders. Also, 99Bitcoins intends to enhance the learning experience by gamifying Bitcoin education. Users who complete challenges and lessons earn higher rankings and $99BTC tokens as rewards.
#Bitcoin whales bought 47,000 $BTC worth $2.7Bn while prices tanked below $57,000 last week. 🐳
Find out why these whales are buying!
👉 https://t.co/UXakDu2t7o#99Bitcoins #Crypto #BullMarket— 99Bitcoins (@99BitcoinsHQ) May 9, 2024
Conversely, the project explores the potential effect of Bitcoin halving events and has attracted a broad audience across various platforms. The token distribution allocates 10.5% for presale, 14% for staking rewards, and portions for development, community rewards, liquidity, and marketing.
Subsequently, the token has launched a giveaway on its platform. Participants can win free Bitcoin from a $99,999 BTC prize pool. Also, token holders participating in the presale can benefit from holding 99Bitcoins tokens.
2. Chromia (CHR)
Chromia is a modular blockchain platform for building decentralized applications (DApps). Founded by ChromaWay, known for creating coloured coins, it aims to scale DApps to address real-world problems. It supports sectors like finance, gaming, real estate, and public services.
Chromia’s unique relational blockchain architecture allows each node to store and query data efficiently. This ensures faster transactions, lower fees, and better scalability. Developers can create DApps using familiar languages like SQL and JavaScript.
Also, Chromia supports public, private, and hybrid blockchain models, offering flexibility and control. The platform handles up to 100,000 cell updates per second, enhancing scalability. Furthermore, security is maintained through cryptographic techniques and Byzantine Fault Tolerance (BFT) algorithms.
Have you read our latest DevEx update? 👀
We had a lot to share, including 👇
Exploring Chromia's Project Module Structure – https://t.co/Z3R45fpAeJ
Chromia Learn – https://t.co/Kr7NKom4VS
VS Code Extension – We have integrated Chromia CLI features and commands into the VS… pic.twitter.com/hGM66BcxZ4
— Chromia | Power to the Public (@Chromia) May 17, 2024
Furthermore, CHR is currently hovering over the $0.3355 mark. This reflects 26.58% over the past week and 146% over the past year. Also, it’s trading 179.30% above its 200-day SMA, indicating robust performance.
Moreover, the 14-day RSI is at 69.74, suggesting a balanced scenario. In the last 30 days, 15 days have been positive, marking a solid 50% streak. The volume-to-market cap ratio also stands at a solid 0.4104, indicating high liquidity. CHR presents appealing opportunities with its demonstrated growth, strong performance, and high liquidity.
3. Conflux (CFX)
Conflux is a public layer-1 blockchain for dApps, e-commerce, and Web 3.0 infrastructure. It aims to be more scalable, decentralized, and secure than existing protocols, enabling quick, efficient asset transfers with low transaction costs.
The platform uses the Tree-Graph consensus mechanism, combining PoW and PoS algorithms. It supports Solidity smart contracts and is compatible with the Ethereum Virtual Machine (EVM). The native token, CFX, is used for transaction fees, network governance, and miner compensation.
Conflux’s unique technical architecture solves industry issues. The Tree-Graph algorithm processes 300-6000 transactions per second (TPS) without sacrificing decentralization. It also offers lower fees than Ethereum and features a Fee Sponsorship Mechanism for users with negative balances. The integrated staking system provides passive rewards and supports dApp development.
🗞We’ve just published a recap of our Co-Founder @spark_ren Ming Wu’s speech at Bitcoin DevCon, where he shared insights on Conflux’s upcoming Bitcoin Layer3 architecture. 🧵⤵️https://t.co/fGEXyRf1Uz
— Conflux Network Official (@Conflux_Network) May 17, 2024
CFX’s price is $0.2293, with a 1.08% increase in the last 24 hours. Furthermore, the price has increased by 9.78% over the past seven days. It is trading 30.95% above its 200-day SMA of $0.165953, indicating a strong performance trend with an RSI of 53.41, showing neutrality.
In the last 30 days, 16 days were positive, indicating over 50% were green. It has also posted a 30-day volatility of 7%, reflecting moderate stability. Conflux has a high liquidity ratio of 0.2111, with a market cap of $877.57M and a 24-hour volume of $185.26M.
4. eCash (XEC)
XEC is trading at $0.00005066 today, reflecting a mild intraday rise of 2%. Besides, XEC has sustained an upward movement in the short term. The token is trading at 129.98% above its 200-day Simple Moving Average (SMA) of $0.00003164. YTD, its price has exploded by 95%, outperforming 50% of the top 100 cryptos during this span.
Meanwhile, eCash has displayed resilience despite rising highs and lows since its inception. Recently, it broke out of a consolidation phase, reaching a resistance level of $0.0000496. This surge is partly attributed to the momentum gained from its halving event.
Moreover, a Relative Strength Index (RSI) below 30 indicates oversold conditions. However, there is potential for a forthcoming uptick in price as sentiment analysis suggests a bullish outlook for eCash. This analysis is demonstrated by a Fear & Greed Index reading of 79 (Greed).
$XEC bullish 🔥🚀 pic.twitter.com/SREVDiNso4
— Xㅌㄷ Informer 🌐 (@eCashInformer) May 19, 2024
By the end of 2024, analysts project a maximum price target of $0.000317 for eCash. Under stable market conditions, the average trading price of eCash could hover around $0.0003 by the same year.
5. Pyth Network (PYTH)
Pyth Network was one of the crypto tokens that amassed significant value in the early days of the bull market. At the market’s peak, PYTH had a value of over $1. Analysts have predicted that the token will soon recapture this value if it maintains its current price trajectory.
Meanwhile, PYTH is on its way to recovery and is now valued at $$0.4211. Its trading volume has also responded with a slight surge. This metric has seen it outperform several of the top cryptocurrencies today.
Furthermore, PYTH is one of the crypto tokens to watch in this market. At press time, the token is on a reversal trend, giving investors the perfect opportunity to buy. Besides, PYTH has also seen some increase in trading volume against the overall trends in the market.
The Pyth week in review 🔮
The Pyth Ecosystem Grants Program, with 50M in PYTH, was announced to encourage community members to share their insights on the Pyth Network and contribute to its development.
The program will revolve around three categories of grants:
🫂 Community… pic.twitter.com/60C494t65E
— Pyth Network 🔮 (@PythNetwork) May 18, 2024
Typically, this price action suggests the return of investor interest in the asset, which can cause a marginal price increase. Also, the current price of PYTH is relatively closer to the ATH value than most altcoins. The possibility of breaking the ATH in the near term could substantially impact the market perception of PYTH potential.
Therefore, investors looking at crypto tokens for short-term trading opportunities should include Pyth in their watch list, as the token has the potential for further upside. Moreover, Pyth Network offers a unique service in the crypto industry, meaning that its assets will continually remain in demand.
6. Shiba Inu (SHIB)
A recent increase in Shiba Inu’s price coincides with the announcement of a significant upgrade to Shibarium. This upgrade introduces a new user interface that offers faster, smoother, and more accessible functionality. These improvements are aimed at enhancing user experience and strengthening SHIB’s position in the market.
Meanwhile, Shiba Inu has recently seen a surge in its burn rate, correlating with a recovery in its price. The increase in burn rate indicates a significant number of SHIB tokens being permanently removed from circulation and transferred to an inaccessible “dead” wallet.
Furthermore, six transactions have resulted in the burning of 5,221,667 SHIB tokens. The token burn represented a 172.16% increase in the burn rate. This heightened burn rate aligns with SHIB’s resurgence in market value.
#SHIBARMY We're back at @Futurist_conf & @ETH_Toronto (Aug 13-14) as Title Sponsor – and guess what? FREE TICKETS are on us!
Let's build the future together! Grab yours here: https://t.co/D5T8znhBzL
— Shib (@Shibtoken) May 17, 2024
The token has posted remarkable ROI to early investors, surging by over 1.8 million percent since its launch. The token trades at $0.00002425, indicating an 8.79% increase in the past 24 hours. Notably, SHIB’s YTD surge stands at 188%.
Significantly, SHIB is trading 67.72% above its 200-day Simple Moving Average (SMA), which stands at $0.00001619. Furthermore, it has experienced 19 green days out of the last 30. With a 24-hour volume-to-market cap ratio of 0.0546 and high liquidity, SHIB has demonstrated resilience.
7. Cardano (ADA)
Cardano has recently surprised the market with a reversal in its price trajectory. It has shown resilience from a low point of $0.426 on May 15, hinting at the potential for further gains. This reversal was particularly significant amidst the volatility prevalent in the cryptocurrency market.
Furthermore, Cardano’s recent positive momentum can be attributed to the release of Consumer Price Index (CPI) data, which contributed to a half-billion-dollar surge in its market capitalization. Moreover, Cardano’s transaction volume has remarkably increased, reaching 90 million. This surge is indicative of growing activity and interest in the platform.
Furthermore, the impending Ouroboros Genesis protocol upgrade is anticipated to bolster Cardano’s security and scalability, further solidifying its position as a leading decentralized platform. The ecosystem is thriving, boasting 169 launched projects and 1,357 projects in active development.
According to the latest data, the token’s price is $0.4768, an 8.95% increase over the past seven days. Since its launch, the token has experienced a surge of 1450%. These price movements reflect investor sentiment and market dynamics.
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