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Bitcoin is indeed the most well-known and prominent cryptocurrency globally, but it exists alongside numerous other cryptocurrencies that collectively contribute to the total value of the cryptocurrency market. As of September 10, 2023, the combined weight of major cryptocurrencies like Bitcoin, Litecoin, Monero, Ethereum, and others is approximately $1.04 trillion.
It’s important to note that the cryptocurrency market is highly dynamic, with prices and market capitalizations constantly changing. The cryptocurrency market’s total value represents a small fraction of all money in circulation, accounting for about 0.23%. This information highlights the cryptocurrency’s significant growth potential and evolving nature within the broader global economy.
The cryptocurrency market is vast. Most enthusiasts and investors only look out for big names such as Bitcoin, Ethereum, and others in the digital asset market. Several cryptos are cheap and affordable, with the potential to increase in value. This factor makes these tokens a good investment.
4 Best Cheap Crypto To Buy Now Under 1 Cent in September 2023
Indeed, Bitcoin holds a central role in determining the overall valuation of the cryptocurrency market as a digital asset. Other major cryptocurrencies also significantly contribute to the market’s overall value, with their values reflected in their respective prices. The combined value of these prominent cryptocurrencies collectively defines the cryptocurrency market’s worth and plays a crucial role in shaping its dynamics. These assets collectively shape the cryptocurrency market’s dynamics and influence its overall worth.
However, there are cheap cryptos that have marked potential. We have curated a list of the best cheap crypto for investors. The prices are well under one cent.
1. Echelon Prime (PRIME)
PRIME, the native token of the Echelon Prime Foundation, plays a pivotal role in the advancement of Web3 ecosystems, particularly in the gaming sector. Echelon Prime Foundation is committed to nurturing the next generation of gaming by providing innovative tools and fostering the growth of novel gaming models and economies. One of the primary vehicles for PRIME’s utility is the game “Parallel,” a science-fiction trading card game that serves as a pioneer in utilizing PRIME within its ecosystem.
The current live price of Echelon Prime (PRIME) is quite affordable, and it has experienced a 6.23% increase in a very short time. The 24-hour trading volume for PRIME is $3,503,261. Echelon Prime is ranked #238 on CoinMarketCap, with a total market capitalization of $115,649,910. It has a circulating supply of 25,962,234 PRIME coins out of a maximum collection of 111,111,111.
What is Echelon?
🧵 (1/4) pic.twitter.com/7agi4mptVX
— Echelon (@EchelonFND) September 6, 2023
Integrating PRIME into Parallel and other gaming experiences within the Echelon Prime Foundation represents a significant step towards revolutionizing the gaming industry. Echelon Prime aims to create immersive and innovative gaming ecosystems that benefit players and developers by leveraging blockchain technology and cryptocurrency. PRIME tokens within these ecosystems enhance gameplay, incentivize participation, and contribute to the broader adoption of decentralized gaming models.
1. SafePal (SFP)
SafePal, introduced in 2018, is a prominent cryptocurrency wallet designed to empower users to safeguard and expand their digital assets. Within the SafePal ecosystem, hardware and software wallets are seamlessly integrated and managed through the SafePal App. Notably, SafePal was the first hardware wallet to receive investment and support from Binance, one of the foremost entities in the crypto industry.
Safety is at the core of SafePal’s mission. The wallet boasts compatibility with various popular cryptocurrencies, including tokens operating on Ethereum, Binance Smart Chain (BSC), and TRON blockchains. This comprehensive support enables users to store, manage, exchange, trade, and grow their cryptocurrency portfolios while upholding the highest asset security standards.
🔥Guard Your Crypto Journey @iSafePal!
🎉What's New?
✅ Support for @LineaBuild, @BuildOnBase, @0xMantle
✅ #NFT Support on @klaytn_official Added🚀Upgrade Your @iSafePal Wallet:
⚙ Mobile App V4.1.1
⚙ Hardware Wallet Firmware V1.0.52📱Download NOW:… https://t.co/5SUVEDiGMq pic.twitter.com/aTKPAL14dV
— SafePal – Crypto Wallet (@iSafePal) August 23, 2023
SafePal’s growth trajectory has been nothing short of remarkable. Its presence in 196 countries worldwide has amassed a user base exceeding 3,000,000 individuals. As a pioneer in cryptocurrency wallets, SafePal offers users a secure and user-friendly platform for their digital asset management needs. For further information, you can explore the official SafePal website.
2. TerraClassicUSD (USTC)
TerraUSD (UST) is a distinctive decentralized and algorithmic stablecoin native to the Terra blockchain. It has been carefully crafted to tackle particular fundamental challenges that other stablecoins often encounter, primarily focusing on scalability and precision. The primary value proposition of TerraUSD is its ability to offer scalability, interest rate precision, and cross-chain utility while maintaining a steadfast peg to the US Dollar.
One of the distinguishing features of TerraUSD is its innovative minting mechanism, which ensures compatibility with various DeFi protocols without compromising scalability. This capability has made TerraUSD an attractive option for DeFi projects seeking stability and scalability simultaneously.
Furthermore, integrating TerraUSD into crypto wallets is remarkably straightforward, allowing it to function seamlessly as a payment method. This accessibility fosters user adoption and provides a direct way to transact and manage assets.
TerraUSD’s utility extends to decentralized applications (DApps), serving as a pricing benchmark for platforms that create fungible synthetic assets and track real-world asset prices. This value underlines its importance as a reliable and widely accepted stablecoin in the broader crypto ecosystem.
https://twitter.com/terrac_official/status/1668986029188030465?s=20
Since its launch in September 2020, in collaboration with Bittrex Global, TerraUSD has gained recognition as one of the most scalable stablecoins. Users can use UST with LUNA, Terra’s non-stablecoin cryptocurrency, or as a standalone token. TerraUSD has positioned itself as a pivotal player in the decentralized finance landscape, offering a reliable and scalable stablecoin solution.
3. SONM (SNM)
SONM is a cloud service provider that operates on a unique and decentralized model. Its cloud services leverage the computing power of individual hardware devices distributed across its network, including personal computers, mining equipment, and servers. Users can rent out their hardware resources or tap into someone else’s computing power to meet their specific computational needs. At the core of Sonm’s ecosystem is the SNM token, which serves as the internal currency powering transactions and access to the resources offered within the Sonm computing power marketplace.
#SONM $SNM is available for trading at the following platforms:
✅ @binance
✅ @gate_io
✅ @bitgetglobal
✅ @XTexchange
✅ @NominexExchange
✅ @Tapbitglobal
✅ @Bibox365
✅ @MandalaExWhere do you want to see #SNM next? 👇
— SONM (@sonmdevelopment) April 27, 2023
The concept underpinning Sonm’s cloud services is fog computing, a decentralized computing paradigm that contrasts with the conventional centralized data center approach. Fog computing harnesses the collective computational capacity of a diverse array of individual devices rather than relying on a single, centralized data center structure. This approach introduces greater resilience, scalability, and efficiency into the cloud services landscape, making it a compelling alternative for users seeking versatile and distributed computing solutions.
Sonm’s groundbreaking cloud services utilize fog computing principles to establish a decentralized computing resource network. Participants can engage with this network by renting out their hardware resources or accessing available resources using the SNM token, which serves as the platform’s internal currency. This distinctive approach to cloud services presents a more adaptable, efficient, and decentralized alternative than traditional centralized data centers.
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