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Institutional investors display heightened enthusiasm for eight major cryptocurrencies as extreme greed signals emerge. XRP and Dogecoin (DOGE) are at the forefront, boasting a 95/100 whale sentiment score, suggesting a potential price breakout.
Ethereum continues to show resilience, trading at $3,668, supported by a robust 83% whale sentiment rating. Meanwhile, XRP and DOGE fuel bullish momentum, with prominent investors expressing high confidence in these assets. In light of this, investors are searching for affordable tokens, particularly the best cheap crypto to buy now under 1 dollar.
6 Best Cheap Cryptos to Buy Now Under 1 Dollar
The Algorand (ALGO) token has attracted attention due to its consistent performance and positive outlook. Similarly, the Arbitrum (ARB) token has recently seen significant developments and market movements. Over the past year, the Fantom (FTM) token has demonstrated steady growth and promising advancements. Wall Street Pepe ($WEPE), a meme coin inspired by Pepe the Frog, has gained momentum, raising over $43 million during its presale.
Ethena Labs has outlined an ambitious roadmap for 2025, which could substantially impact the financial sector. SEI is currently priced at $0.3998, showing a slight decline of 2.48% over the last week. Bitcoin has fallen below $97,000 in the broader market as rising Treasury yields put pressure on risk assets.
1. Algorand (ALGO)
The Algorand (ALGO) token has gained attention due to its consistent performance and promising developments. Currently priced at $0.3678, the token has seen a 10.67% increase over the past week.
One of Algorand’s key highlights is its near-completion integration of PeraAlgoWallet, Mastercard, and Immersve. This initiative aims to provide services to users in Europe, Australia, and New Zealand, signaling real-world utility and commercial progress.
Big news for Algorand.
The @PeraAlgoWallet x @Mastercard x @immersve integration is 99.99% complete.
This will initially come to consumers in Europe, Australia, and New Zealand.
Commercials becoming realities 🤝 pic.twitter.com/VtSs6SECTB
— Algorand Foundation (@AlgoFoundation) January 7, 2025
Regarding price trends, ALGO has increased by 87% over the past year and has outperformed 59% of the top 100 crypto assets during the same period. It trades 54.26% above its 200-day simple moving average of $0.238489, indicating strong upward momentum. Additionally, with 16 green days in the past month (53%), the token has demonstrated a relatively stable performance in a volatile market.
2. Arbitrum (ARB)
The Arbitrum (ARB) token has recently experienced notable developments and market activity. Priced at $0.8113, it has seen a 14.01% increase in the past week, which aligns with the broader market’s optimistic trends. Its market capitalization of $3.41 billion indicates significant investor confidence, and a 24-hour trading volume of $612.76 million reflects robust liquidity, with the volume-to-market cap ratio at 17.35%.
A significant driver of Arbitrum’s momentum is the Arbitrum DAO’s approval of 225 million ARB tokens (approximately $190 million) for the “Gaming Catalyst Program” (GCP). This initiative aims to enhance the platform’s gaming ecosystem by funding and supporting various gaming projects, positioning Arbitrum as a key player in blockchain-based gaming development.
2025 is going to be a big year for perps with @GMX_IO
Blueberries are cooking V2.2 and V2.3 as we speak🫐 https://t.co/17gmsYYzsD
— Arbitrum (💙,🧡) (@arbitrum) January 3, 2025
From a technical standpoint, the token is trading 1.37% above its 200-day simple moving average (SMA) of $0.800271. However, the sentiment surrounding the token is bearish despite its position slightly above this long-term indicator. In the last 30 days, ARB has recorded 15 green days, achieving a 50% positive day ratio.
3. Fantom (FTM)
The Fantom (FTM) token has exhibited stable growth and positive developments over the past year. Its current price is $0.6588, marking a modest 3.54% increase over the last week.
From a supply perspective, Fantom has a total and maximum supply of 3.17 billion FTM, with 2.8 billion tokens in circulation. This fully diluted valuation (FDV) is $2.09 billion, reflecting investor interest and valuation alignment.
Over the past year, the token’s price has risen by 66%, outperforming 53% of the top 100 crypto assets. Furthermore, Fantom has shown positive returns on investment (ROI) across USD, BTC, and ETH, reinforcing its appeal among diversified investors.
4. Wall Street Pepe ($WEPE)
Wall Street Pepe ($WEPE), a meme coin inspired by Pepe the Frog, has gained significant traction by raising over $43 million in presale funding. With 32 hours left at its current price of $0.00036643, it draws interest from retail traders aiming to challenge large market players.
Unlike traditional meme coins driven by hype, $WEPE emphasizes practical tools for retail investors. The project provides access to trading signals, strategies, and insights typically reserved for institutional traders. This focus on utility may appeal to investors seeking more than speculative gains.
A defining feature is the “WEPE Army,” a community that pools resources to execute collective trades, leveraging strength in numbers to counter whale influence. Additionally, the platform offers staking options, with over 26 billion tokens already locked, generating rewards for holders. Verified by Coinsult for security and transparency, $WEPE seeks to build trust among investors.
2025 is going to be a big year for perps with @GMX_IO
Blueberries are cooking V2.2 and V2.3 as we speak🫐 https://t.co/17gmsYYzsD
— Arbitrum (💙,🧡) (@arbitrum) January 3, 2025
Beyond its presale, the project’s roadmap highlights a commitment to governance and utility. Key features include advanced trading tools, staking rewards, and exclusive community memberships. While its presale success has garnered attention, the project must deliver on its promises to maintain long-term momentum. In summary, Wall Street Pepe combines the appeal of meme coins with strategic tools for retail traders. Its emphasis on community-driven trading and practical benefits sets it apart.
Visit Wall Street Pepe Presale
5. Ethena (ENA)
Ethena Labs has introduced a detailed roadmap to kick off 2025, which could significantly impact the financial sector. On January 3, the blockchain platform unveiled plans to integrate Telegram-based payments and savings powered by its synthetic stablecoin, sUSDe. This initiative reflects the company’s aim to simplify financial services for its users and expand its reach.
A key element of the roadmap is a new Telegram application. This app will allow users to send, spend, and save sUSDe directly within the messaging platform. Moreover, it will integrate with Apple Pay, enabling users to switch smoothly between savings and mobile payments. This development signals Ethena’s transition from being a single-asset issuer to creating a broader ecosystem for on-chain financial solutions.
Projections indicate that Ethena’s price could rise by 225.54%, potentially reaching $3.29 by February 7, 2025. Despite this optimistic outlook, the current sentiment remains bearish. Additionally, the Fear & Greed Index shows a greed level of 70, which reflects heightened investor optimism. Over the past 30 days, the token experienced 9.12% price volatility and recorded green days on 47% of occasions.
6. Sei (SEI)
SEI is priced at $0.3998, reflecting a 2.48% decline over the past week. The token has a market capitalization of $1.68 billion, representing a 13.19% increase, while its 24-hour trading volume stands at $290.83 million, a significant rise of 47.89%. With a fully diluted valuation (FDV) of approximately $3.99 billion, SEI shows a volume-to-market cap ratio of 17.05%. Of its total supply of 10 billion tokens, 4.2 billion SEI tokens are circulating.
SEI is trading just above its 200-day moving average (200MA), approximately $0.40. This technical level is important as it serves as a support that may influence the token’s short-term trajectory. If SEI holds above this threshold and gains upward momentum, it could indicate increased buying activity.
This may lead to a short-term rally toward the next resistance level at $0.48. On the other hand, a breakdown below the 200MA could suggest weakening support, potentially resulting in further price declines and testing of lower levels within the trading channel.
Learn More
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