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The crypto market is buzzing with excitement as investors seek cost-effective entry points. The recent surge in activity is partly due to the approval of the Spot Ethereum ETF. The approval has had a ripple effect on the market, causing bullish sentiment among altcoins.
Consequently, investors are now searching for the best altcoin to buy. This article explores the most promising altcoins today. It also offers crucial insights for those looking to capitalize on the current upswing.
5 Best Cheap Crypto to Buy Now Under 1 Cent
Among the tokens experiencing significant growth are Dog (Runes), VeChain, Stellar, and Gorilla. VeChain recently gained attention for its impressive performance, which blends unique features and real-world use cases. Dog (Runes) has witnessed several notable developments despite being launched a few weeks ago.
Furthermore, 99Bitcoin, a Learn-to-Earn token, has rapidly gained market popularity since its presale commenced. The token has raised over $2.1 million, indicating significant interest in this novel concept. This analysis seeks to show why investors are paying attention to the project.
1. Dog (Runes) (DOG)
DOG is a community-centric meme token operating as a decentralized Bitcoin blockchain protocol. The token was launched in April 2024 through an airdrop to members of the Bitcoin Ordinals community. Notably, the meme coin was launched fairly without any allocation for the team or presale.
Despite being launched six weeks ago, Dog has become the leading meme coin on Bitcoin’s new Runes protocol. The protocol makes creating and managing fungible tokens easy and is already on the radar of leading analysts. Since its inception in April, the crypto has been on a steady rise and has surged over 547%.
The token has climbed by over 326.1% in the last 30 days, and considering its relatively low market cap, the token might likely be 100x soon. DOG is trading at an average price of $0.0093 while heading towards the $1 billion market cap. Given Bitcoin’s $1.3 trillion market cap, it would not take much to skyrocket the Dog price.
It’s ready!
My limited edition of 100 Physical Runestones is
now available for holders of https://t.co/U5apbcQf0u!Click on “conversion system” and follow the steps. 2 Black Blocks or 3 White Blocks are needed. pic.twitter.com/wiLnoImeef
— Leo Caillard (@leocaillard) June 13, 2024
From a technical point of view, the Dog (Runes) price trades comfortably above the critical dynamic support. The support zone hovers positively above the 20-day Exponential moving average, suggesting a solid outlook. The EMA may act as a support if the price takes a pullback.
At the time of writing, the RSI line was placed in the overbought zone at 70.17 points, and that of the SMA line was at 70.11. It indicates the price trading in an overbought zone and a pending correction or consolidation. Also, both the lines were about to form a bearish crossover, which adds confirmation to it.
2. VeChain (VET)
Despite market instabilities, VET is posting strong technical metrics demonstrating its residence. The token is expected to maintain a trading range with a minimum price of $0.0736 and an average trading price of around $0.0832. This prediction demonstrates its potential and signals growing investor confidence in VeChain’s strategic direction.
Furthermore, the token adopts a strategy that blends a mix of visionary solutions with strategic collaboration to carve out a niche within the competitive crypto market. The future of VET, riding on these developments, indicates a larger trend towards the growth and adoption of blockchain technologies.
Meanwhile, VeChain’s latest collaboration with WoV Labs has been lauded as a child step towards the ‘Phygital’ revolution. The partnership seeks to integrate the real world with virtual reality by using cutting-edge Web3 solutions. “Physical” will reinforce sustainability by incentivizing green practices and expanding their impact on the physical world.
VeChain community builders are in the news!@wovlabs_com is making waves by combining chips, NFTs and VeChainThor, granting IRL products blockchain-powered digital twins, with their work captured by #AdvisorPrivate👇.#RWA tokenization is the future.https://t.co/AAs0Bq5j6S
— VeChain (@vechainofficial) June 14, 2024
Moreover, VET is trading at $0.02898, and the monthly candle is rising daily, with analysts suggesting that it will continue to increase in the coming days. The bulls have regained control, surprising the bears with a recent rally that has seen the token post a 24-hour gain of 3% before retracting.
As the general crypto market slowly gains traction, investors can look into VET as it stands closer to the brink of a substantial breakthrough. Expert analyses forecast a promising trajectory for VET, suggesting it could surpass the $0.0943 mark. This growth is supported by the rally triggered by its partnerships and initiatives.
3. Stellar (XLM)
XLM’s recent value gives hints of price recovery after nearly declining to its lowest point this year. The token currently trades at $0.09701, indicating a 19.47% increase over the last year and a 3180.73% since it was launched. With Bitcoin’s recent stable price movements, XLM might still experience an extended price rally.
Investors’ interest in Stellar has soared, indicating a potential price increase soon. This optimistic sentiment is revealed in the Relative Strength Index (RSI). The RSI recently dropped into the oversold region of 30 but has since rallied, creeping closer to the neutral point at 50.
Furthermore, the RSI’s upward and positive market trends have given hope for XLM’s recovery. Besides, the market’s positive funding rate in which long position holders pay short position holders demonstrates that investors are optimistic about a price increase. This implies a bullish sentiment among investors, targeting entry points expecting an upward trend.
Wake up, gigabrains! New @StellarOrg challenge just dropped 💫
This time, we’re showing you Stellar’s coolest use-cases and diving deep into awesome dApps built on Stellar, such as @BeansApp 🫘
Don’t miss out on our final #60DaysOfStellar challenge of the month! 👇 pic.twitter.com/naZok2zdsS
— EasyA (@easya_app) June 11, 2024
These insights signify that focusing on RSI trends and funding rates could be insightful to investors waiting to stake on XLM’s value surge. XLM has climbed from its support level of $0.096 to trade at $0.977. The next critical resistance is at $1.104. If XML overcomes this resistance level, it could pave the way for a further increase in the token’s value, shifting the support level higher and driving altcoin values up.
4. 99Bitcoins (99BTC)
99Bitcoins continues to attract attention for its built-in staking protocol. It also offers a yield of 1,140% per year and has been fully audited by SolidProof. As the presale continues, the potential for 99Bitcoins looks promising. The approval of spot ETH ETFs in the US could drive capital into the crypto market, boosting demand for tokens like 99BTC.
⚡️ @MicroStrategy announced a $500 million private offering to acquire more #Bitcoin on 13 June 2024.
Read the full story below:https://t.co/cuoMOjGPCr#99Bitcoins #Crypto #BTC
— 99Bitcoins (@99BitcoinsHQ) June 14, 2024
Moreover, the project has raised over $2.1 million in its ongoing presale. Its innovative “Learn-to-Earn” strategy is aimed at transforming crypto education. Rather than passively absorbing content, users will engage with courses. These courses will include quizzes and interactive tutorials to earn 99BTC tokens, providing financial incentives for learning.
Meanwhile, the gamified Learn-to-Earn feature is just the beginning for 99Bitcoins Token. Its developers have announced plans to migrate 99BTC from the ERC-20 chain to the BRC-20 chain. This strategic move aims to create a cross-chain bridge protocol for the project.
Furthermore, this transition could position 99Bitcoins as a disruptive force in crypto. It will also ensure it attracts significant attention from Bitcoin maximalists. The project’s $99,999 BTC airdrop campaign has also fueled presale excitement, with 99 early adopters set to share in the prize pool.
5. Gorilla (GORILLA)
GORILLA combines meme virality with significant utility. It uses this unique interaction to build a platform offering an investment opportunity beyond traditional meme tokens. The token was developed by the Bored Ape Yacht Club team, which continues to create more utilities for the ecosystem.
Gorilla distinguishes itself through an innovative IDO Launchpad. The Launchpad offers strategic advantages to early investors and a DEX swap featuring advanced stop/loss functions to optimize trading experiences. The NFT collection associated with the token aims to rival industry giants like the “Bored Ape Yacht Club.”
Meanwhile, GORILLA has jumped over 19.57% over the previous month to trade at $0.003905. The recent increase has seen the token erase its downward slope of the previous seven days. In the last 24 hours, a cycle of higher highs and higher lows has been charted for the 4-hour chart. Consequently, a formation of a positive trend line has emerged, indicating more upticks in the coming days. The token has succeeded in overcoming the resistance level of $0.00388.
If it continues to trade above this trendline, it could soon flip the $0.005366 resistance into support. GORILLA could go as high as $0.006531 if the bullish pressure persists.
Furthermore, Gorilla’s 4-hour chart suggests it might keep climbing in the next 12 hours. Also, the Moving Average Convergence Divergence and the RSI show bullish signs, which traders have interpreted as signs. Meanwhile, the RSI is well above 50, which suggests the token still has a lot of bullish strength.
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