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Earning massive returns in the crypto market often involves focusing on the best cheap cryptos under 1 dollar with high growth potential. However, identifying the best opportunities can be challenging for even seasoned investors. This is because most investments tend to flow toward projects that are already experiencing significant price surges.
Today’s analysis evaluates the movement of tokens priced less than 1 dollar. The objective is to pinpoint the best of these tokens and provide an analysis of each token to investors. The article also breaks down the latest market news, how it affects the prices of these tokens, and their potential to post significant gains in the future.
5 Best Cheap Crypto to Buy Now Under 1 Dollar
Several cryptos are attracting significant interest from market players as the crypto market recovers. Tron, Hedera, Oasis, and Brett (Based) have stood out through their remarkable performances today. Each of these tokens has shown impressive market dynamics as Bitcoin plummeted.
While analyzing the best cheap altcoins to buy today, we’ve also included a special feature of the Shiba Shootout presale. This innovative project has raised almost $1 million in its ongoing presale. Investors who want to make a huge profit are urged to join in the presale at a low price of $0.0199 before the price increases in five days.
1. Shiba Shootout (SHIBASHOOT)
It is not a secret that investors are always looking for opportunities that offer maximum return on investment. If you are such an investor, then you can’t go wrong with Shiba Shootout. This presale token presents one of the best compelling options that investors might come across. It has demonstrated its ability to capture market interest by raising almost $1 million in presale.
One of its standout features is that this innovative project is the “Posse Rewards” referral program. This initiative encourages users to invite others to join the community. It does this by providing several rewards for users when they refer new people. As a result, it promotes a collaborative and interactive environment.
Furthermore, the team has launched an initiative called “Campfire Story” sessions. These sessions are “bonding moments” where community members share their experiences and insights about the crypto world. These sessions encourage networking, knowledge exchange, and a strong sense of belonging among participants. It also promotes projects that cultivate active and loyal community values.
🚀 Ready for the $SHIBASHOOT presale? 🎯
1️⃣ Get a crypto wallet
2️⃣ Visit our website’s presale section
3️⃣ Connect your wallet
4️⃣ Swap your crypto for $SHIBASHOOT tokens🔗 Detailed info & schedule on our site. Don't miss out on this digital duel! 🌐https://t.co/Fxf9PWP0gz pic.twitter.com/Gm5lJfFP8s
— shibashootout (@shibashootout) August 11, 2024
Moreover, users can win attractive prizes through the “Lucky Lasso Lottery” by staking their Shiba Shootout tokens. This feature adds excitement and encourages greater participation. Investors should act quickly as the price is set to increase from the current $0.0199 mark in five days.
2. Hedera(HBAR)
Hedera is experiencing bullish market sentiment, with the potential to retest the $0.09 resistance zone soon. A steady one-week gain supports this positive outlook. The token has achieved a six-month increase of over 16.18%, demonstrating sustained upward momentum.
Hedera has performed impressively in recent months, with its token price surging by 12.85% year-to-date. The price rally began after a rumored partnership agreement with BlackRock for tokenization. This announcement quickly sent a ripple effect through the token’s community, boosting investor confidence.
Despite a brief period of uncertainty after last week’s market downturn, Hedera’s performance has remained solid. At the time of writing, the token is trading 65% above its 200-day Simple Moving Average. Its RSI of 52.1 reflects a neutral sentiment, suggesting a tendency to trade sideways.
🎉 Introducing Thrive Hedera – an initiative to reward the #Hedera community, streamline grant allocation, and expand the reach of Hedera’s marketing and onboarding efforts.
Watch the video to learn more 👇 pic.twitter.com/arbF0UgLLO
— Thrive Hedera (@ThriveHedera) August 15, 2024
Investors are optimistic about Hedera’s future, especially with the growing adoption of DApps on its platform. This development is expected to boost demand for the token in the coming years. Projections indicate that the token could reach a maximum price of $2.2, with an average price of approximately $2.13 by year-end.
3. Oasis (ROSE)
Oasis was built to solve two significant computing problems: scalability and privacy. The platform allows developers to build dApps that ensure users’ data are safe on Oasis or any EVM-based chains. It achieves this by utilizing Sapphire, a powerful platform that is designed for Web3 and decentralized AI development.
Meanwhile, the platform’s native token, ROSE, serves multiple purposes, including transactions, staking, and validator delegation. Holding $ROSE also grants users the ability to participate in governance decisions. The protocol’s layered architecture further enhances its flexibility, making it suitable for various applications.
Moreover, investor sentiment toward Oasis remains highly positive. This is demonstrated by a Fear & Greed Index score of 74, indicating strong market optimism. Furthermore, the 14-day Relative Strength Index (RSI) stands above 70.1. This technical metric places the token firmly in overbought territory. It also suggests that OASIS could experience sideways movement in the near term.
Wallets empowered with privacy-enabled account abstraction have the potential to change Web3 UX forever
Learn about @Apillon's recently launched Embedded Wallets product — built on Oasis Sapphire — in their demo below:
— Oasis (@OasisProtocol) August 15, 2024
However, ROSE is trading at $0.058, showing a decline of 0.79% over the past 24 hours. Despite this recent drop, the token has risen by 4.37% over the last month and surged 53% year-to-date. Its significant market capitalization provides ample liquidity, while the uptick in trading activity reflects sustained market interest.
4. Brett (Based) (BRETT)
BRETT has grown from a simple project inspired by Matt Furie’s Boy’s Club comic series to a powerhouse in the crypto market. The token has rapidly climbed the ladder within the Base network to become the leading contender. Analysts suggest that BRETT might soon outperform PEPE due to its growing utility on the Base network.
Meanwhile, the project’s team marketed BRETT as Pepe’s closest ally on the Base Chain. This strategic positioning saw it leverage Pepe’s success, making it a cultural icon within its ecosystem. Moreover, BRETT leverages the Base Chain’s solid and rapidly growing ecosystem. This allows it to benefit from the diverse range of projects and applications being developed on the platform.
Furthermore, the token has shown significant growth, with its price fluctuating between $0.08005 and $0.08010, marking a 4% decrease over the previous day. However, it is displaying strong upward momentum, as indicated by its RSI at 77.46 and Stochastic at 91.10. These metrics suggest that the token is in overbought territory, potentially signaling further upward movement toward the nearest resistance level at $0.95.
It's not gambling when you know you're gonna win. pic.twitter.com/9XsWOPS9oK
— Brett (@BasedBrett) August 14, 2024
Notably, BRETT has surged by 107% since it was launched and 809% year-to-date. This recent rally has surpassed well-known meme coins like Book of Meme and MAGA. The growth spurt briefly pushed the ‘Base-based’ token ahead of BONK in the last 24 hours. This briefly made it the sixth-largest meme coin by market capitalization before dropping again.
4. TRON (TRX)
TRON is an innovative project with the goal of decentralizing the internet through its blockchain-based protocol. It aims to build a community of content creators and consumers. It does this by simplifying content creation and distribution processes on its platform. TRON also reduces costs and straightens efficiency in the content ecosystem by removing intermediaries
Meanwhile, TRON is spearheaded by a team of innovators with significant accomplishments in the blockchain and Web3 industry. Their extensive experience has been instrumental in developing, expanding, and maintaining TRON’s functionality. Recently, TRON has made significant strides in the entertainment sector within the decentralized internet.
Despite recent global market downturns, TRON has demonstrated strong performance in the crypto market. The token has increased by 3.8% in the last 24 hours and 5.98% over the past week. Also, it has risen by 49.74% year-to-date, demonstrating its long-term potential.
🚀 NEWSFLASH! The latest report from Messari Crypto reveals that USDT transactions on the TRON Network hit a new all-time high of $57.1 billion in Q2! Among Uquid users, @trondao remains the top choice, with an impressive 59.72% surge across LATAM in June 2024! 🌍
And the growth… pic.twitter.com/dOnTi4xQI2— UQUID (@uquidcard) August 16, 2024
Overall, there is a growing adoption of decentralized applications (dApps) on the TRON platform. This increase is expected to drive higher demand for TRX as more users use the platform. It will also ensure TRON’s consistent growth, especially if it announces upcoming developments in dApps. Therefore, TRX remains appealing to investors focused on the long-term potential of blockchain technology.
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