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El Salvador has recently taken a notable turn in its fiscal strategy, with President Nayib Bukele stating that the country will no longer depend on external debt to finance its budget. Since Bukele took office, El Salvador has integrated Bitcoin into its economy, becoming the first country to recognize cryptocurrency as legal tender officially.
At the same time, crypto analysts are optimistic about Bitcoin’s weekly chart, pointing to a bullish consolidation pattern that may signal an upcoming market surge. Several upcoming events are also expected to contribute to this potential rise in the market. Hence, investors are searching for affordable tokens, particularly the best cheap crypto to buy now under 1 dollar.
5 Best Altcoins to Buy Now
TRON DAO recently concluded a security review of its Java-Tron client. OKB, the native token of the OK Blockchain Foundation and the OKEx exchange, remains a key player in the market. On October 1, EigenLayer’s token, EIGEN, was listed on major exchanges such as Binance and MEXC.
Meanwhile, Celo showed significant momentum in today’s trading, reaching a 24-hour high of $0.7397 after opening at $0.6295. Flockerz ($FLOCK) brings innovation to the meme coin space by blending decentralized governance with community-driven rewards. Bitcoin, meanwhile, is on track for its best September performance, as investors remain watchful.
1. TRON (TRX)
TRON DAO recently completed a security assessment of its Java-Tron client. Blockchain security firm ChainSecurity conducted the review, which focused on critical components like the TRON Virtual Machine (TVM), consensus mechanisms, and Peer-to-Peer (P2P) interactions. The main goal was to identify vulnerabilities that could impact TRON’s performance, particularly in areas such as transaction processing, block creation, and consensus.
Following the evaluation, TRON enhanced its security measures. These improvements are intended to increase stability and, in turn, build trust among its 256 million users. Furthermore, with $20 billion in total value locked (TVL), TRON remains a key player in the market. Over the last 24 hours, TRON’s price increased by 0.84%, reaching $0.16. Additionally, trading volume rose by 3.89%, climbing to $343.46 million.
Moreover, TRON has generated $567 million in fees over the past 90 days, significantly outperforming other blockchains. For example, Ethereum’s fees totaled $253 million, while Solana’s and Bitcoin’s amounted to $105 million and $57 million, respectively.
Security matters to #TRON.
With urgency, the TRON development team swiftly addressed vulnerabilities identified by @chain_security, strengthening its security infrastructure.
This collaboration highlights @trondao’s dedication to proactively identifying and resolving security… pic.twitter.com/9DJEsLbr2y
— TRON DAO (@trondao) September 30, 2024
TRON is also trading 17.95% above its 200-day Simple Moving Average (SMA) of $0.132595, which signals a positive trend. Consequently, market sentiment remains bullish, with 30 technical indicators supporting this view. Overall, TRON continues to show stable performance and is trading well above its initial token sale price.
2. OKB (OKB)
OKB is the native token of the OK Blockchain Foundation and crypto exchange OKEx. The exchange remains one of the largest global exchanges, ranking third in liquidity and fourth in trading volume, with a wide range of trading pairs.
As of press time, OKB trades at $41.70, reflecting a 0.67% increase over the past 24 hours. The token has shown positive momentum, with 18 green days in the past month, representing a 60% rate of days where the closing price exceeded the opening price. Currently, OKB is trading near its cycle high.
Meanwhile, the sentiment surrounding OKB’s price is neutral, based on technical analysis. Out of 33 indicators, 21 signal a bullish trend, while 12 suggest bearishness.
Looking forward, short-term predictions for OKB suggest minimal price fluctuations, with the value expected to rise modestly over the next week. By October 6, 2024, OKB could reach $43.59, a 4.13% increase.
Over the next 30 days, the price may trend within the range of $39.52 to $56.08, with the potential for a 34.49% increase if it hits the upper target. Overall, the forecast shows a mix of positive and cautious signals for the token, suggesting a steady, though not guaranteed, upward trajectory.
3. EigenLayer (EIGEN)
On October 1, EigenLayer’s token, EIGEN, was listed on several major exchanges, including Binance and MEXC. Following its debut, EIGEN saw a significant surge, providing pre-sale investors with a notable 1200% gain on Binance. The token is now actively tradable, with a fully diluted valuation exceeding $6.5 billion.
According to CoinMarketCap data, EIGEN’s price has increased by 10%, currently trading at $4.10. Around 1.68 billion tokens have entered circulation, including 86 million tokens that were distributed earlier this year to users who had interacted with the protocol.
Meanwhile, TRON CEO Justin Sun gained attention in the crypto market by transferring 5.24 million EIGEN tokens, worth approximately $21.5 million, to the HTX exchange. This move followed the token’s listing, with Sun acquiring these tokens from EigenLayer through five separate addresses within the last 24 hours.
Today the @EigenFoundation announced the unlocking of the EIGEN token!
This is a major leap forward for the @eigenlayer ecosystem, opening up new avenues for shared security, open innovation, and broader participation.
More ↓ https://t.co/3X8BAsiRmM
— EigenLayer (@eigenlayer) October 1, 2024
EigenLayer has become a significant player in decentralized finance (DeFi), particularly in staking solutions. Data from DeFi Llama shows the protocol now ranks as the third-largest DeFi platform, with over $10.9 billion in total value locked (TVL). The platform’s staking model allows Ethereum stakers to reuse their tokens across other protocols, adding flexibility for users.
4. Flockerz ($FLOCK)
Flockerz ($FLOCK) introduces a unique concept to the meme coin space by combining a decentralized governance model with community-driven rewards. Following its launch, the project quickly raised over $333,000 and presented itself as “The People’s Meme Coin.” Its key feature, a vote-to-earn system, seeks to create a more democratic and participatory experience for holders.
At the heart of Flockerz is Flocktopia, a decentralized autonomous organization (DAO) where every $FLOCK holder becomes a member. DAOs, which are blockchain-based governance structures, allow each participant to have equal voting power. This model enables the community to propose and vote on decisions that shape the project’s direction. By rewarding members who actively vote with $FLOCK tokens, the platform encourages ongoing engagement and involvement in decision-making.
In addition to the governance model, Flockerz offers substantial staking rewards. About 25% of the total supply, or 3 billion $FLOCK tokens, is dedicated to staking, with participants earning a yield of 1,888% over two years. This system encourages long-term investment, as staked tokens contribute to supply scarcity and project stability.
The flock is flying high! We’ve officially crossed $300K! pic.twitter.com/MsLc5PeoyX
— Flockerz (@FlockerzToken) September 28, 2024
Of the total 12 billion tokens, 2.4 billion (20%) are currently available for presale at $0.0056559 per token. However, the price is set to rise as it moves to the next tier. Another 20% of the supply is allocated to marketing, aimed at increasing the project’s visibility and securing listings on exchanges. Meanwhile, 10% of Flockerz’s liquidity supply is reserved for exchanges, and 25% is allocated to the DAO treasury for project development.
5. Celo (CELO)
Celo demonstrated notable strength in today’s trading, showing an upward trend after hitting a 24-hour high of $0.7397, having opened at a low of $0.6295. At present, the price stands at $0.7301, reflecting a solid gain of 12.06%. This price movement signals increased buying activity and a possible shift in market sentiment.
Currently, Celo is trading 31.78% above its 200-day simple moving average (SMA) of $0.524995, further supported by 19 green days out of the past 30, or 63%. As of October 1, 2024, technical analysis indicators generally suggest a bullish outlook, with 26 indicators signaling positive momentum.
If Celo maintains its position above current levels, traders could expect continued upward movement toward higher resistance points. For those considering positions, this presents a potential opportunity, but it is important to manage risks carefully.
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