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The crypto market posted considerable fluctuations this week due to the prevalent sentiment in the general market. BTC’s price has remained unstable since the halving event, causing sideways trends in the 24-hour chart. However, the crypto market has entered a correction phase, leading to a tremendous rally.
As the bull run gains momentum, investors actively seek the best affordable cryptocurrencies priced below 1 dollar. Amidst numerous options, a select few have emerged with notable uptrends, indicating potential for substantial returns. Today’s analysis focuses on highlighting these cryptocurrencies under 1 dollar.
6 Best Cheap Crypto to Buy Now Under 1 Dollar
Numerous low-priced tokens have posted higher price increases compared to high-cap tokens. One such token is VeChain, which has shown great promise and delivered astronomical profits to early investors. We also looked at a presale token, 99Bitcoins, and why it is worth considering.
Today’s exploration gives investors insights into analyzing the profit potential of Nervos Network, Beam, ConstitutionDAO, VeChain, and Bonk. All of the analyzed tokens are trading below 1 cent. They have witnessed a 30% and 70% surge in the last 24 hours alone, suggesting favourable investment outlooks.
1. VeChain (VET)
VeChain (VET) has recently formed a partnership with Concordium to increase transparency within the food supply chain. This collaboration seeks to inspire consumer confidence by improving the traceability of food products, verifying their authenticity, and ensuring ethical sourcing practices. Also, the integration enables VeChain to leverage Concordium’s Proof-of-Stake consensus to enhance its knowledge in supply chain management.
Meanwhile, the team is finalizing the last voting phase on the testnet and manually claiming the remaining testnet rewards. A careful overview of all testnet activities ensured that the VeChainThor (VTHO) mainnet deployment was successful. Consequently, the platform has been upgraded to facilitate a seamless transition and deployment of the new system.
Current market trends and Concordium’s recent strategic partnership indicate a potential price rise to $0.09, pending sustained community backing. Key events such as the VeChainThor mainnet launch and advancements in VeBetterDAO represent pivotal milestones that can stimulate additional expansion and adoption.
The mainnet launch of our micro-rewards dApp platform, VeBetterDAO, is a day away!
To celebrate, we're launching a Gleam campaign with $VET branded Tangem wallets & UFC tickets as prizes 🤯
Go get 'em: https://t.co/1hbwzzLzN0
Join us for The HiVe livestream tomorrow! #VeChain pic.twitter.com/kA1SHzri7z
— VeChain (@vechainofficial) June 27, 2024
Furthermore, VET currently trades at $0.0262 today, indicating a 2% increase in the last 24 hours. Investors have expressed optimism about the project; their confidence is demonstrated through a Fear and greed index of extreme greed at 80. Also, the token’s RSI treading above the middle line suggests there is room for an increase in the coming days.
2. Beam (BEAM)
Beam is a project that prioritizes eliminating user data mismanagement through its platform, ensuring secure and dependable transactions. It provides features such as private stablecoins, NFTs, and automated market makers (AMMs). It also seeks to incorporate upcoming functionalities like lending, oracles, sidechains, and wrapped assets into its ecosystem to enhance its offering as a secure and reliable transaction platform.
Moreover, Beam operates as a gaming network underpinned by the Merit Circle DAO. The BEAM network is dedicated to fostering a collaborative ecosystem to advance the gaming industry. It achieves this by facilitating connections between developers and players, enabling them to collaborate in shaping the future of gaming.
BEAM safeguards user addresses and grants them complete control over their privacy by leveraging blockchain technology. Throughout the previous week, BEAM encountered a steady downturn, plummeting by more than 12%. However, recent trends show a resurgence, with the token rebounding by 3.24% from the previous week.
What has happened this month? 📜
⚜️ Introducing @FlayerApp
👩🌾 @sophon farming opened with $BEAM
🎪 @BuildOnBeam goes Gamescom announced
➕ More games building on Beam, and launching on Sphere. pic.twitter.com/wvfvGa7yqV— Merit Circle (@MeritCircle_IO) June 28, 2024
Furthermore, the token trades at $0.01669 today, posting a 3.24% increase in price in the last 24 hours. YTD, Beam has displayed an over 230% increase in value. Also, the token trades above its 50-day and 200-day Simple Moving Averages, indicating its potential for an increase before the month ends.
3. 99Bitcoins (99BTC)
99Bitcoins is a unique project that rewards users by allowing them to earn while they are learning. Investors anticipate the token will grow by over 1,000% after its launch. The project is based on the Ethereum network and has formulated plans to expand to the BRC-20 ecosystem soon.
The 99Bitcoins news platform serves a substantial audience of over 100K subscribers on YouTube and 3 million on email. Its latest initiative, the Learn-to-Earn project, seeks to revolutionize crypto education. Participants earn rewards for engaging in interactive modules, quizzes, and courses, promoting self-learning within the community.
Also, 99Bitcoins provides additional incentives, such as access to premium trading signals and discounts, alongside opportunities for passive income through staking. Combining learning with earning, this innovative approach has attracted interest from early supporters who anticipate significant attention upon the token’s launch.
South Korea's @hashed_official announced its expansion into Abu Dhabi on June 26th, 2024.
The partnership with @hub71ad aims to introduce Korean startups in fintech and digital assets to the UAE. 🔥
Read more: https://t.co/gp0RuFyamR#99Bitcoins #Crypto #Bitcoin #Alts
— 99Bitcoins (@99BitcoinsHQ) June 28, 2024
With the presale raising over $2.3 million at $0.00111, investors are showing strong enthusiasm for 99Bitcoins. The cryptocurrency offers benefits such as BRC20 tools and educational resources, access to a VIP community group, and exclusive trading signals. Participants can also enjoy a high Annual Percentage Yield (APY), although this rate may decrease as more investors engage in staking.
4. ConstitutionDAO (PEOPLE)
ConstitutionDAO was a crowdfunding initiative by web3 enthusiasts aiming to acquire an original copy of the U.S. Constitution at a Sotheby’s auction. Although the bid to secure the document was unsuccessful, the PEOPLE token has since evolved into a decentralized autonomous organization (DAO) with notable historical importance. PEOPLE also serves as the token representing an interest in ConstitutionDAO.
Furthermore, the token’s community-centric strategy has significantly increased its price since its launch. PEOPLE has posted gains of over 9% in the last 24 hours to demonstrate its short-term potential, while a 96% and 600% year-to-date increase demonstrates its long-term potential. Also, the token’s rapid rise in popularity can be attributed to viral marketing campaigns featuring Nicolas Cage memes, prominent exchange listings, and a robust, active community.
ConstitutionDAO is trading near the $0.087 mark and has consistently sustained its gains over an extended period. The crucial question remains whether the token can maintain its upward trend and reach new highs by the third quarter of 2024. This trajectory is likely if the bulls can maintain a stronghold despite potential selling pressures from the broader cryptocurrency market over time.
Although PEOPLE recently dipped below its $0.10 support level and has faced challenges in surpassing this threshold over the past two days, analysts predict that ConstitutionDAO will rebound and surpass its ATH with the bullish impact of Spot Bitcoin ETFs. Also, the token’s recent performance has further increased its appeal as an investment option.
5. Bonk (BONK)
Bonk is reputed to be the first dog-themed cryptocurrency on the Solana blockchain. Since its launch, the token has sparked a remarkable rally, achieving significant gains in its initial quarter. Currently trading at approximately $0.0000232, its unique concept has prompted analysts to speculate that it could reach the $0.1 mark by the end of 2024.
Furthermore, analysts remain optimistic about Bonk’s potential to replicate its impressive launch trajectory. The price trend of Bonk demonstrates its resilience, currently experiencing significant growth that has investors speculating on its potential to reach the $1 mark soon.”
The rising popularity of meme tokens continues to drive Bonk’s value upward. The token leverages the Solana blockchain, known for its scalability and speed, which appeals to investors seeking faster and more cost-effective alternatives to Ethereum-based meme tokens.
Soon:
– @parismusketeers BONK takeover game
– London @hackerhousesGonna be a fun time
The Dog hopes to see a bunch of BONKers there❗️❗️❗️
— BONK!!! (@bonk_inu) June 27, 2024
Bonk is trading at $0.0000232, marking a 5.30% increase over the past 24 hours. The token builds on a bullish sentiment to register a Fear & Greed Index of 72 (Greed). It has seen 25 out of 30 days in green, with a 20.00% volatility rate over the last month.
6. Nervos Network (CBK)
Recently, Messari released an extensive analysis of Nervos Network that outlines its crucial role in advancing Bitcoin’s technological capabilities. The report stresses the project’s use of its Layer-1 blockchain and the RGB++ protocol to tackle scalability and programmability issues within the Bitcoin ecosystem. By leveraging RGB++, Nervos enables the deployment of smart contracts and asset issuance directly on Bitcoin’s blockchain since its integration.
Meanwhile, Nervos Network stands out as an innovative project that seeks to establish a secure peer-to-peer network for diverse blockchain applications. It features smart contracts, asset issuance, decentralized applications (dApps), blockchain interoperability, and robust data storage solutions. Meanwhile, CBK’s mainnet debuted in November 2019, introducing a dual-layer architecture.
Furthermore, the token utilizes a Proof-of-Work (PoW) consensus mechanism and supports the CKByte (CKB) cryptocurrency. This foundational layer guarantees network security and efficient resource allocation. Concurrently, the computation layer executes transactions, operates decentralized applications (dApps), and facilitates smart contracts.
🏝️The CKB Community Fund DAO recently awarded @ZengateGlobal a grant to integrate CKB into Palmyra, a real world asset (RWA) tokenization & lending platform!
Learn more with @jordan_mack @DanielTetsuyama @Samb0__ @CardanoChefPool!
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📽️https://t.co/D3mUn6YSw9 pic.twitter.com/Sip6k2ZpH3— Nervos Foundation (@RunningCKB) June 27, 2024
CKB’s value currently stands at $0.01181, reflecting a notable 318% surge YTD and an increase of 6% over the previous week. The token also boasts high liquidity, as evidenced by its volume-to-market cap ratio. Its RSI of 59 suggests it might experience sideways trading. However, investors are confident that the token will remain stable as the month ends.
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