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Experts have highlighted growing bullish sentiment within the altcoin market, noting that many digital assets are increasing daily. As such, they anticipate that the outlook for altcoins will continue to improve, particularly as we move into September.
Meanwhile, Mastercard has introduced a new Euro-denominated crypto debit card, allowing users to spend cryptocurrencies directly from their self-custody wallets. This development underscores the growing acceptance of digital currencies by major financial institutions.
As crypto adoption continues to rise, more investors are entering the market, seeking to diversify their portfolios with affordable digital assets. With that in mind, this article highlights the five best cryptocurrencies to buy now under one dollar.
5 Best Cheap Cryptocurrencies to Buy Under 1 Dollar
WAGMI Games recently revealed a formal partnership with Beam. Starknet, an Ethereum Layer 2 network, has passed a governance vote to implement staking within its ecosystem. Memebet aims to differentiate itself in the meme coin market by combining entertainment with practical functionality.
Additionally, the Algorand Foundation has signed a Memorandum of Understanding (MoU) with Taraba State to expand its blockchain initiatives. Meanwhile, XRP surged by up to 9% following Grayscale’s introduction of an XRP trust, potentially setting the stage for an ETF.
1. XRP (XRP)
Grayscale Investments, a firm specializing in crypto asset management, has introduced the Grayscale XRP Trust. This new offering allows investors to gain exposure to XRP, the cryptocurrency that powers the XRP Ledger (XRPL). The XRPL is designed to enable peer-to-peer cross-border financial transactions, making XRP a key player.
The announcement comes amid notable movements in the XRP market. Ripple recently transferred 150 million XRP, valued at $85 million, to an unknown wallet. Whale Alert reported this large transaction, which has sparked discussions within the global crypto community, especially following the launch of Grayscale’s XRP trust.
Day two of #UBRIConnect is in full swing. Today, we heard from experts on blockchain interoperability, decentralization and governance around DAOs, the cost of privacy in crypto, and more—all from our incredible academic partners.🇨🇭
Learn more about the University Blockchain… pic.twitter.com/b5SBHLkN8I
— Ripple (@Ripple) September 11, 2024
Meanwhile, XRP has experienced a price surge of almost 6% within the last 24 hours, outperforming the broader market. Currently trading at $0.5699, the cryptocurrency saw an intraday low of $0.5355 and a peak of $0.5809. Trading volumes for XRP have also increased significantly, with a 109% rise in activity over the same period.
2. Beam (BEAM)
WAGMI Games recently announced an official collaboration with Beam. Powered by Merit Circle, Beam is a significant player in the web3 gaming space, offering developers and gamers comprehensive tools. As part of this partnership, Sphere, Beam’s NFT marketplace, will now serve as the primary platform for trading WAGMI Defense cards.
Sphere supports MetaMask and Passport wallets, making it easy for casual players to log in using Google, Apple, or email accounts and engage in card trading.
At the time of writing, Beam’s price is $0.0141, reflecting a 2.08% increase over the past 24 hours. Over the last 30 days, Beam has experienced 15 “green days,” where its closing price exceeded the opening price, indicating positive market activity. With strong liquidity, Beam’s market sentiment appears neutral, supported by 14 technical indicators signaling a bullish outlook.
$BEAM burn counter: 37,649,325,002🌈🚒
Quick reminder that if you want to stay on top of how much $BEAM is being burned, there is a place to be.https://t.co/7OfVNgW7oU pic.twitter.com/xybLCweL4Q
— Merit Circle (@MeritCircle_IO) September 13, 2024
Per technical analysis, the price of Beam is predicted to rise by 225.09%, reaching $0.046514 by October 13, 2024. For the short term, the price is forecasted to range between $0.014308 and $0.016046 over the next week, with an expected increase of 12.15% by September 16, 2024. This analytical outlook suggests a potential upward trend, though market conditions could affect performance.
3. Starknet (STRK)
Starknet, an Ethereum Layer 2 solution, has recently approved a governance vote to introduce staking within its network. The proposal, titled “SNIP 18,” was submitted by StarkWare and received majority support from STRK token holders. This approval marks a significant step towards decentralization, with staking likely to launch on the testnet soon, followed by a mainnet release later this year.
Users must hold at least 20,000 STRK tokens to participate in staking, although those with fewer tokens can delegate their stake to larger holders. A minting mechanism, designed to balance rewards for stakers while managing inflation, was also approved in the vote. Additionally, funds staked will be subject to a 21-day time-lock before possible withdrawal.
According to StarkWare, this vote represents a key milestone in decentralizing the network and moving closer to a system operated by the community. Future updates are expected to introduce additional governance responsibilities for stakers, potentially decentralizing the network’s sequencer and prover over time.
The vote on the STRK staking parameters has concluded, passing with 98.94% in favor ✅
Below are the staking figures at launch, resulting from this vote.
Now it's time to finish shipping it, see you in Q4 future stakers 🫡 pic.twitter.com/MJPtkHadvV
— Starknet 🐺🐱 (@Starknet) September 13, 2024
StarkNet trades at $0.397 during press time, rallying 0.94% in the percent intraday session. Based on recent trends, price forecasts suggest the token could grow further, reaching $0.59 by late September.
4. Memebet ($MEMEBET)
Memebet seeks to stand out in the meme coin sector by offering a unique blend of entertainment and utility. The project combines meme coins with online gambling, thus catering to crypto enthusiasts and degenerate gamblers, particularly those drawn to the meme coin market.
Moreover, the project’s core offering, “Memebet Casino,” allows users to bet on games using meme coins. One key feature is the no-KYC policy within the Telegram-based casino, where users can connect their crypto wallets and play immediately. Additionally, the platform boasts thousands of crypto-native games and a global sportsbook, offering betting options on major sports leagues such as the EPL and NBA.
Furthermore, Memebet’s strategic focus on the intersection of crypto gambling and meme coin trading is notable. The platform targets Telegram’s vast user base, specifically meme coin traders while seeking to capitalize on the growing crypto casino market, which currently represents a small fraction of the broader gambling industry.
Fill your bags or sink.
Buy now 👇 https://t.co/cY4p8PqXzg pic.twitter.com/c0sXK0xriQ
— MemeBet (@Memebetcasino) September 11, 2024
While still in its early stages, Memebet already offers incentives like P2E airdrops, degen-specific rewards, and VIP benefits to those who purchase its native token, $MEMEBET. The token’s price is expected to rise, reflecting increasing interest and investment in the platform.
The project’s early stage suggests growth, with $219,399 raised so far. For those considering an investment, the opportunity to buy $MEMEBET before the next price increase may be appealing. Currently, the token is priced at $0.0251, with a countdown of just over three days before the price rises.
5. Algorand (ALGO)
Most recently, the Algorand Foundation signed a Memorandum of Understanding (MoU) with Taraba State to extend its blockchain efforts. In February 2024, the foundation partnered with the Government of Plateau State to explore blockchain technology’s potential. One initiative was sponsoring the Incredible Music Festival (IMF), where the Foundation and AlgogemsNFT conducted a workshop to empower local creatives.
Additionally, the Foundation launched #PythonMay, a series of webinars, office hours, and meetups in Abuja. This initiative successfully onboarded over 200 software developers to Python on Algorand.
Meanwhile, ALGO trades at $0.126952, following a 0.18% intraday dip. However, it has surged by 39% year-to-date, signaling a positive trend. In the last 30 days, ALGO has experienced 16 “green days,” meaning its closing price exceeded the daily opening price in 53% of cases. The asset has maintained strong liquidity based on its market capitalization.
Blockchain has the potential to usher in a new era of development for many countries worldwide.
🇳🇬 In Nigeria, blockchain could propel the nation and its African counterparts forward at speed and with efficiency.
Here’s how 🧵 pic.twitter.com/LwDdIsChYR
— Algorand Foundation 🐍 |📍TOKEN2049 (@AlgoFoundation) September 12, 2024
ALGO shows strength; if it breaks through its current level, it could target $0.247. On the downside, if momentum weakens, support is around $0.10. A bullish trend is expected, particularly if Bitcoin (BTC) continues its positive movement. Historically, Algorand has shown up to 270% gains in similar conditions.
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