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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. As a result, investors may want to wait for a clearer signal indicating conviction among buyers to lead the 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 five cryptos under 1 cent that analysts could offer considerable returns.
7 Best Cheap Crypto to Buy Now Under 1 Cent
Panda Swap is a new altcoin in the fast-evolving world of cryptocurrencies. As interest in decentralized finance (DeFi) grows, many traders are curious about PANDA’s potential. One burning question is: Can PANDA reach $0.2 before 2024 ends?
This article will explore the factors that could influence PANDA’s price, from market trends to investor sentiment. We will also look at other low-priced altcoins like BeFi Labs and Nervos Network, among others. By the end of this analysis, you will have a clearer understanding of their prospects for 2024.
1. PandaSwap (PANDA)
Launched on March 24, 2024, Panda Swap has already seen a gain of 158.44% from its ICO. The token is valued at $0.007338 and has established considerable prospects for upswing despite its brief history in the market. The current price indicates a 30% increase over the last three weeks.
The critical aspect of Panda Swap (PANDA) lies in its blockchain technology. Built on Solana, it offers faster transactions and lower fees than other networks. This makes it attractive for users who seek efficient trading operations.
Furthermore, the high volatility of 456.61% can be a double-edged sword. While it signifies risks, it also unlocks the way for significant gains. Investors who are willing to navigate this volatility could potentially earn substantial profits.
We are Trending on @CoinMarketCap and in the green! 😎 pic.twitter.com/zkIEq1YFWP
— Panda Swap (@PandaSwapSol) May 15, 2024
Considering the above factors, Panda Swap has a realistic chance of reaching $0.2 in 2024. However, time sensitivity is crucial. Early adopters could position themselves for substantial returns if the market trends continue favourably.
2. Sei (SEI)
Sei has announced plans to launch the Sei V2 project, facilitating a highly efficient parallelized EVM. The rollout is planned across three phases to ensure careful testing, stability monitoring, and gradual deployment of essential infrastructure. This strategic approach not only minimizes risk but also optimizes network performance.
Meanwhile, Sei is one the fastest Layer 1 blockchain that enables decentralized exchanges (DEXes). The project also allows trading across sectors like NFTs, gaming, social platforms, and DeFi. Its unique optimizations empower seamless and fast transactions.
Furthermore, the token facilitates a streamlined interaction within these burgeoning markets. Sui has garnered significant support and interest from the crypto market. Since its launch, it has seen over 150 teams migrating from Ethereum, zkSync, Solana, Avax, and Polygon to its network.
The Sei Foundation is offering a three-month stipend to help builders develop a functional Minimum Viable Product on Sei.
If you're interested, DM Head of BD @JustinBarlow to introduce yourself or tag potential applicants.https://t.co/EP353pFXf0
— Sei 🔴💨 (@SeiNetwork) May 17, 2024
Recent price movements indicate growing investor interest and market activity surrounding Sei. The token is valued at $0.5314, reflecting a 1537% YTD surge. The price also indicates a notable 8.96% surge over the past seven days, reflecting positive momentum.
Moreover, Sei’s 14-day RSI sits at 48.79, reflecting neutral market sentiment, while its 30-day volatility is low at 9%. High liquidity, indicated by a volume-to-market cap ratio of 0.1982. This ratio further solidifies Sei’s position as a promising player in the blockchain space.
3. BeFi Labs (BEFI)
BeFi Labs recently collaborated with Manta Network to create new opportunities. Manta Network makes transactions faster, cheaper, and more private. Manta uses high technology (Celestia and Polygon zkEVM) to secure its system and reduce transaction charges.
Meanwhile, BeFi Labs is a BRC-20, Runes, and Ordinals trading terminal. It works fine with metamask and other wallets. With BeFi Labs, you get to trade BRC-20 tokens without extra charges.
Over the past year, BEFI has shown remarkable potential despite its current trading price of $0.07878. Notably, the token experienced a substantial dip in the last 24 hours. However, this dip presents a perfect entry point for investors.
Check out our new giveaway with @BefiLabs!
🏆 $10,000 worth of $BEFI shared between 200 lucky social quest winners and the top 100 traders based on their trading volume.
Join now:https://t.co/WBggx2NEOa pic.twitter.com/bvwRISigzR
— OKX Wallet (@okxweb3) May 17, 2024
Another critical factor to consider is BEFI’s high volatility of 185.08%, indicating a potential for significant price movements. Traders looking for the next ample opportunity should consider this data as a sign of promising gains.
4. WienerAI (WAI)
WienerAI continues to attract considerable interest, raising over $2.3 million in its ongoing presale. The token features an innovative trading bot. This bot leverages sophisticated AI and operates on the Ethereum blockchain. The trading bot is developed for price analysis and fuses humor with crypto.
The project’s ICO is structured across different stages, with the price of its token escalating periodically. WienerAI‘s website emphasizes the advantages of participating in the presale. It highlights the current price of the token as $0.000709.
'WienerAI' Raises Over $2 Million in Crypto Presale – Best Meme Coin to Buy Now? – ReadWritehttps://t.co/dfaBBHgflO
— WienerAI (@WienerDogAI) May 18, 2024
The main interface of the WienerAI bot is user-friendly, allowing individuals to inquire about their investment objectives and strategies. The bot then uses AI to analyze the market, offering impartial insights into potential coins or tokens that align with the user’s query. Investors can take advantage of this opportunity to maximize potential returns, particularly during the presale stage.
5. Pepe (PEPE)
Pepe’s value is primarily tied to its transactional use, demand, and popularity rather than utility. Consequently, Pepe is gaining momentum with its recent surge in popularity and demand for meme coins. The overall post-halving surge in the value of the meme coin market has also impacted Pepe positively.
Meanwhile, the token has witnessed a price surge, gaining over 1% in the last 24 hours. Furthermore, it trades 85% higher than the previous thirty days and 500% over the past year. These price metrics prove the token’s resilience and positive ROI over time.
The recent surge in activity signifies increased adoption and transactions. It has propelled Pepe to the third position in the memecoin market. Furthermore, Pepe’s trading metrics reinforce the positive sentiment surrounding its price outlook. Its closing price has surpassed its opening price in 25 out of the last 30 days.
Check out the latest updates to the #Nervos doc site: https://t.co/vpxOUPKA0p
Simplified Navigation: Flat menu structure for easier browsing
Quick Start (5 min) Guide:
• Set up local dev env. in 5 min using pre-built boilerplates
• Run CKB Devnet locally w/ pre-funded test… pic.twitter.com/1xOINitgKf— CKB Dev↾⇃ (@CKBdev) May 17, 2024
Moreover, the token displays a strong market tempo. It trades near its all-time high and has surpassed the 200-day simple moving average. Analysis of Pepe’s market sentiment reveals an Extreme Greed rating of 75 on the Fear & Greed Index, indicating a growing investor appetite for the token.
The increase in demand can be attributed to Pepe’s deflationary strategy, aimed at achieving token scarcity, and its alignment with the broader meme coin trend, where value is heavily influenced by popularity and demand.
6. Nervos Network (CBK)
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 $0.01603, which is a 1.10% 24-hour increase and a 380% YTD surge. Riding high on this bullish momentum, experts speculate that Nervos could soar past its 55-week high of $0.025, aiming for a remarkable climb toward $0.044 in the bullish wave of May.
Check out the latest updates to the #Nervos doc site: https://t.co/vpxOUPKA0p
Simplified Navigation: Flat menu structure for easier browsing
Quick Start (5 min) Guide:
• Set up local dev env. in 5 min using pre-built boilerplates
• Run CKB Devnet locally w/ pre-funded test… pic.twitter.com/1xOINitgKf— CKB Dev↾⇃ (@CKBdev) May 17, 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.
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