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The crypto market experienced substantial fluctuations in May due to sentiment surrounding the Bitcoin Halving event and Ether ETF approval. BTC’s price has remained inconsistent for over a month. Consequently, investors may want to wait for a clearer signal indicating conviction among buyers to lead the post-halving rally.
Investors are searching the market for the best cheap crypto trading below 1 cent 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.
5 Best Cheap Crypto to Buy Now Under 1 Cent
Gala allows developers to create custom tokens, smart contracts, and node networks. The project facilitates the bridging of assets to other blockchains like Ethereum and Binance Smart Chain. Meanwhile, Cash experienced a surge of over 7% in the last 24 hours.
This article will explore the factors that could influence Gala’s price, from market trends to investor sentiment. We will also look at other low-priced altcoins like Cash, Nervos Network, and Pepe. By the end of this analysis, you will have a clearer understanding of their prospects for 2024.
1. eCash (XEC)
eCash is the rebranded version of Bitcoin Cash ABC. It is a fusion of Bitcoin and Bitcoin Cash. The token promotes itself as a practical “cryptocurrency for everyday transactions,” distinct from its predecessor.
The transition introduces notable changes, such as adopting “bits” as base units to simplify transactions. The protocol integrates a proof-of-stake consensus layer known as “Avalanche.” This protocol is aimed at enhancing scalability and transaction finality.
Furthermore, XEC supports the compatibility of Ethereum Virtual Machine (EVM). It also fosters interoperability with Ethereum’s DeFi sector. The protocol’s infrastructure is designed as a public good, funded through a social contract.
An ambitious roadmap outlines plans for canonical transaction ordering, Schnorr Signatures, and faster block propagation. It also includes UTXO commitment and adaptive block sizes to accommodate market-driven growth.
Building Never Stops! 👨🏻💻
📣 Bitcoin ABC 0.29.5 is here! 🚀
This release brings minor under-the-hood improvements.$XEC #JustBuild🛠 https://t.co/ZYZlzQXpgD
— eCash (@eCashOfficial) May 28, 2024
At a current price of $0.00004741, XEC experienced a surge of 7.81% in the last 24 hours. The token also posted a remarkable 74% increase over the past year. It indicates oversold conditions, with a 14-day RSI of 28.36.
Moreover, it trades 53.25% above the 200-day SMA. Despite 33% of the last 30 days being positive, its 30-day volatility remains at 7%. With medium liquidity, eCash presents intriguing opportunities for investors looking to capitalize on its potential growth.
2. Gala (GALA)
Gala allows developers to create custom tokens, smart contracts, and node networks. The project facilitates the bridging of assets to other blockchains like Ethereum and Binance Smart Chain. The Gala ecosystem relies on independent node networks, incentivizing community participation.
The Web3 ecosystem is driven by GalaChain, a layer-1 blockchain. It is initially tailored to the Gala’s entertainment ecosystem, including Gala Games, Gala Music, and Gala Film. It aims to empower users globally and envisions becoming the first billion-user blockchain. Innovators can leverage GalaChain’s SDK and Creator Portal to extend Web3 benefits to their communities.
Gala’s security is endorsed by CertiK, ranking it as the most secure altcoin globally. Utilizing a Gnosis multisig safe, Gala ensures collective oversight and operational security. It collaborates with esteemed agencies to maintain governance and compliance standards.
Boutta go live wit a 1st look soon 👀 🎮 https://t.co/o5uuyVy6QN https://t.co/gVo7VfGRqq
— Snoop Dogg (@SnoopDogg) May 28, 2024
Currently priced at $0.04485, Gala has surged by 2.83% over the previous month and has experienced a 47% increase over the past year. It exhibits strong growth by trading significantly above its 200-day SMA at $0.024292 by 90.59%.
A 14-day RSI of 34.39 indicates a neutral stance. Its strong performance is demonstrated by a bullish sentiment and 15 green days in the last 30, representing 50% positivity. Gala exhibits stability with a 30-day volatility of 6% and showcases robust liquidity.
3. Pepe (PEPE)
The recent trend in the altcoin market has seen investors shift their focus from Bitcoin to meme coins like Pepe. The token’s success can also be attributed to its adoption and liquidity. It boasts over 223,000 holders facilitating, approximately 2 million transfers.
Pepe’s price has recently surged, reaching as high as $0.00001525. This increase has sparked optimism among investors, who expect further growth. The token aims to achieve a market capitalization of $6 billion, which seems more attainable given its recent performance.
Furthermore, positive regulatory developments, particularly news regarding the approval of a spot Ether ETF, have fueled optimism among investors. The approval makes it easier for institutional investors to access Ethereum investment opportunities, indirectly benefiting tokens like Pepe.
You loved PEPE learn so we’re launching a $PEPE airdrop.
Sign up for an approved application and your account will be airdropped 500,000 #PEPE by us. Only valid starting today until June 2. See full terms for details.
Get started below. https://t.co/F0iFv5zOyY
— Robinhood Crypto EU (@RobinhoodCrypto) May 29, 2024
Pepe’s price surge over the week was 11.95%. The token now trades at $0.00001525, reflecting a 117.83% increase over the previous month. The token also trades above its 50-day and 200-day SMA.
As Pepe continues to trend upward, it has continued to attract more investors. This is expected when tokens reach all-time highs. This increased retail involvement further fuels interest and investment in the project.
4. 99Bitcoins (99BTC)
99Bitcoins continues to attract attention for its built-in staking protocol. It also offers a yield of 1,101% per year and has been fully audited by SolidProof. As the presale continues, the potential for 99Bitcoins looks promising. The approval of spot ETH ETFs in the US could drive capital into the crypto market, boosting demand for tokens like 99BTC.
Moreover, the project has raised over $1.7 million in its ongoing presale. Its innovative “Learn-to-Earn” strategy is aimed at transforming crypto education. Rather than passively absorbing content, users will engage with courses. These courses will include quizzes and interactive tutorials to earn 99BTC tokens, providing financial incentives for learning.
Meanwhile, the gamified Learn-to-Earn feature is just the beginning for 99Bitcoins Token. Its developers have announced plans to migrate 99BTC from the ERC-20 chain to the BRC-20 chain. This strategic move is aimed at creating a cross-chain bridge protocol for the project.
Spot #EthereumETF listings have been approved by the United States #SEC, but with over $380 million of leveraged positions closed by Spot $ETH ETF move – selling pressure has dampened market reaction.
Learn more at https://t.co/Im5mk5gLpu#99Bitcoins #Ethereum #ETH
— 99Bitcoins (@99BitcoinsHQ) May 29, 2024
Furthermore, this transition could position 99Bitcoins as a disruptive force in crypto. It will also ensure it attracts significant attention from Bitcoin maximalists. The project’s $99,999 BTC airdrop campaign has also fueled presale excitement, with 99 early adopters set to share in the prize pool.
5. Nervous Network (CBK)
The Common Knowledge Base drives CBK’s ecosystem. Its native token operates on the Proof-of-Work (PoW) consensus. It enables developers to build DApps that function seamlessly across multiple blockchain systems. This strategy bolsters scalability and security measures.
The open-source public blockchain project creates a peer-to-peer crypto-economy network where users can access secure blockchain services. It features a dual-layer architecture: the base layer (Common Knowledge Base) for consensus and smart assets and the computation layer for transactions.
The CKB price is $0.01676, reflecting an 8.51% increase in the last 24 hours and a 408% surge over the past year. It is trading 128.38% above its 200-day SMA, which is $0.007369. The market stance is neutral, as indicated by a 14-day RSI of 48.15.
📣Nervos is now fully integrated with @Ledger!
You can now store, send and receive $CKB using the #Ledger Nano X and Ledger Nano S wallets.😍
Learn more here 👉 https://t.co/mufZZBCd81 pic.twitter.com/NcVIRONo9C
— Nervos.bit (@NervosNetwork) March 23, 2022
There have been 11 green days in the last 30 days. The 30-day volatility is 7%, indicating relative stability. Nervos also has high liquidity, with a volume-to-market cap ratio of 0.1330.
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