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The cryptocurrency market saw a considerable portion of its value washed away due to unexplainable bearish sentiments. Although it recovered some of its value, several altcoins, including BTC, still exhibit price instability as it sank far below the $60,000 mark.
However, despite the dip resulting in sideways trends in the general market, savvy investors are taking advantage of the cheap prices of the tokens. Analysts have confirmed that the corrective rally will start with cheap crypto to buy under 1 dollar.
5 Best Cheap Crypto to Buy Now Under 1 Dollar
Several low-priced tokens have outperformed high-cap tokens in price appreciation, with VeChain being a prime example. VeChain has demonstrated significant growth potential, providing substantial returns to early investors. Also, our thorough analysis of a presale token, Base Dwagz, highlights why this token is worth serious consideration.
Today’s review examines the profit potential of Beam, VeChain, and Bonk. Currently trading below one dollar, these tokens have surged between 7% and 15% in the past 24 hours. This performance is notable against the backdrop of the current market’s overall bearish sentiment, suggesting promising investment opportunities.
1. VeChain (VET)
VeChain (VET) has joined forces with Concordium to boost transparency in the food supply chain. This partnership will help build consumer trust by making it easier to trace food products, verify their authenticity, and confirm ethical sourcing. Also, integrating Concordium’s Proof-of-Stake consensus will enhance VeChain’s supply chain management.
Meanwhile, the team has wrapped up the final voting phase on the testnet and manually distributed the remaining rewards. A comprehensive review of testnet activities has confirmed the successful deployment of the VeChainThor (VTHO) mainnet. Consequently, the platform has been upgraded to facilitate a smooth transition and implementation of the new system.
Current market trends and the recent partnership with Concordium suggest a potential price increase of $0.09. Key developments, such as the launch of the VeChainThor mainnet and advancements with VeBetterDAO, are significant milestones that could drive further growth and adoption.
VORJ – #Vechain as-a-Service#VORJ is no-code #Web3 as-a-service platform bridging the gap between Web2 & Web3#VORJ will allow everyone, regardless of technical ability, to create, manage & deploy smart contracts & remove the technical barriers to creating digital assets$VET pic.twitter.com/jGPpOVSXL6
— Splendid.vet Ⓥ (@SplendidMite) August 13, 2024
VET is priced at $0.022855, reflecting a 2.97% increase over the past 24 hours. Investor sentiment is strong, with a Fear and Greed Index rating of 80, indicating extreme greed. Additionally, the token’s Relative Strength Index (RSI) is above the midpoint, signalling the potential for further growth soon.
2. Beam (BEAM)
Beam is dedicated to eradicating user data mismanagement by offering a platform that guarantees secure and reliable transactions. It boasts features such as private stablecoins, NFTs, and automated market makers (AMMs). Additionally, Beam aims to integrate forthcoming functionalities like lending, oracles, sidechains, and wrapped assets into its ecosystem, further strengthening its position as a secure and trustworthy transaction platform.
Moreover, Beam is a gaming network supported by the Merit Circle DAO. The BEAM network is committed to creating a collaborative ecosystem to drive the gaming industry forward. It does so by connecting developers and players, fostering partnerships that help shape the future of gaming.
BEAM safeguards user addresses and grants them complete control over their privacy by leveraging blockchain technology. The previous week, BEAM encountered a minor downturn, dipping by more than 8%. However, recent trends show a resurgence, with the token rebounding significantly over the previous week.
Game of the month – @WeArePlanetMojo 🌿
This game's been growing steady growth from the very early days.
We've been enjoying the journey so far, especially the @BeamGamers who have won every single tournament they competed in so far 🏆 pic.twitter.com/GRLkg4oD5m
— Merit Circle (@MeritCircle_IO) August 12, 2024
Furthermore, the token is trading at $0.01282 today, reflecting a 12.4% increase over the past seven days. Year-to-date, Beam has surged by over 180% in value. Additionally, the token’s RSI is trading above the 50 trendlines to show the bulls are in charge, signalling the potential for further growth before the end of the week.
3. Base Dawgz (DAWGZ)
Base Dawgz is the newest meme project within the Base ecosystem, offering a groundbreaking multichain solution that enhances blockchain interoperability. The platform is designed to facilitate seamless interaction across multiple blockchains, including Ethereum, Binance Smart Chain, Solana, and Avalanche.
Base Dawgz addresses the challenge of blockchain interoperability by utilizing advanced technologies such as Wormhole and Portal Bridge. This allows investors to efficiently claim, store efficiently, and trade tokens across various blockchain networks. This feature distinguishes Base Dawgz in the competitive meme token market by overcoming the traditionally isolated nature of different blockchain ecosystems.
After passing $2.9M raised, we're steadily on our way to 3M 🚀 pic.twitter.com/JbZUMgF8yd
— Base Dawgz (@BaseDawgz) August 13, 2024
Base Dawgz is currently trading at a presale price of $0.007784. The presale has already raised over $2.9 million, indicating strong investor interest in the project’s multichain solution. This early success underscores the growing demand for projects that offer flexible and effective cross-chain functionalities.
4. Gala (GALA)
Gala allows developers to create custom tokens, smart contracts, and node networks. The project facilitates bridging assets to other blockchains like Ethereum and Binance Smart Chain. The Gala ecosystem relies on independent node networks, incentivizing community participation.
GalaChain, a layer-1 blockchain, drives the Web3 ecosystem. 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.
What is Proof of Stake and why is it crucial for the future of blockchain? Learn how this energy-efficient consensus mechanism secures and decentralizes the web3 world. #Blockchain #Web3 #Cryptohttps://t.co/y8TQManp4X
— Gala Games (@GoGalaGames) August 12, 2024
Currently priced at $0.0162, Gala has surged by over 1000% since its launch and has experienced a 47% increase in trading activity over the last 24 hours. It exhibits strong growth by trading significantly above its 200-day SMA at $0.0192.
A 14-day RSI of 44.39 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 8% and showcases robust liquidity.
5. Bonk (BONK)
Bonk has gained recognition as the first dog-themed cryptocurrency on the Solana blockchain. Since its launch, the token has seen a remarkable rally, achieving significant gains in its initial quarter. It is currently trading at approximately $0.00001943. Analysts speculate that its unique concept could drive it towards the $0.001 mark by the end of 2024.
Furthermore, analysts maintain a positive outlook on Bonk’s ability to sustain its impressive launch trajectory. The price trend of Bonk underscores its resilience, with ongoing significant growth sparking investor speculation about its potential to reach the $0.01 mark soon.
Meanwhile, the increasing popularity of meme tokens continues to propel Bonk’s value upward. Leveraging the Solana blockchain, renowned for its scalability and speed, Bonk appeals to investors seeking faster and more cost-effective alternatives than Ethereum-based meme tokens.
You mean The Dog himself can create a game?🐾 https://t.co/sm7qoeHiSr
— BONK!!! (@bonk_inu) August 12, 2024
Bonk is currently trading at $0.000019⁴3, reflecting a 5672.58% increase over the past year. The token capitalizes on bullish sentiment to register a Fear & Greed Index of 70 (Greed) while maintaining a positive trend for 26 green out of the last 30 days. The token also trades about its 200-day SMA and displays an RSI that points at 60 to indicate that the bulls are in charge.
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