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The much-anticipated Bitcoin halving event is set to take place next month. On this note, traders eagerly seek smart market entry points, especially low-cost tokens. As such, interest is growing regarding tokens priced below 1 cent that could offer substantial returns.
This article seeks to compile a list of affordable tokens showing promise in the crypto market. It will delve into each coin’s use cases, recent developments, partnerships, and other factors contributing to its upward momentum.
5 Best Cheap Crypto to Buy Now Under 1 Cent
Investors eagerly seek the next revolutionary token, especially those priced below 1 cent. This surge in interest has propelled tokens like ALGO, Sei, and BGB, driven by their affordable prices and promising market prospects, garnering significant attention from traders. Meanwhile, Bitcoin remains steady at $70,000, while KuCoin faces allegations of anti-money laundering violations.
1. Algorand (ALGO)
Algorand Ventures seeks to position itself as an industry player by providing a suite of applications. 2023 was Algorands’ future year operation, during which it made notable strides. It actively directed $4.7 million into 25 ventures, employing a strategic approach focusing on pre-seed and seed stages.
During this period, six pre-seed investments were channeled through accelerator programs, nurturing initiatives like GoPlausible and Notiboy. Additionally, 19 seed-stage deals actively amounted to $4.6 million. These deals were executed with an average investment of $241,000, a move to improve innovation at various developmental stages.
In 2024, Algorand Ventures continued collaborating with accelerator programs such as Bcfounders. This continuation highlights Algorands dedication to nurturing a vibrant ecosystem conducive to growth and innovation.
Regarding market performance, ALGO’s month-to-date metrics have been positive, showcased by a 36.64% rally. The token currently trades at $0.284245, with a $219.17 million trading volume.
2023 marked Algorand Ventures' first full year of operation.
We are publishing the 2023 Algorand Ventures Report, succeeding the Ecosystem Funding Report from July 2023.
The Algorand Ventures (AV) strategic mandate is to support the health of the Algorand ecosystem by investing… pic.twitter.com/uaTlMMa0gX
— Algorand Foundation 🐍 (@AlgoFoundation) March 26, 2024
Notably, ALGO’s sentiment is bullish, complemented by an Extreme Greed reading of 83 on the Fear & Greed Index. Over the past year, the price has surged 42%, trading above the 200-day simple moving average at $0.183440.
Moreover, the cryptocurrency has actively enjoyed 17 green days out of 30, signaling robust investor interest and confidence. With its high liquidity, investors are confident that ALGO will print returns during the bulls. Hence, it presents an opportunity for investors seeking exposure to a secure, scalable, and efficient blockchain network.
2. 5th Scape (5SCAPE)
5th Scape has set its sights on improving the VR gaming platform with products that will connect minds. The project’s ongoing Presale Stage 3 has raised an impressive $2.6 million, highlighting strong investor interest in its potential.
With each 5SCAPE Coin priced at $0.01 during the presale, early investors stand to gain a substantial 365.12% return. Meanwhile, projections suggest that the next price point for the 5SCAPE is expected to reach $0.00248. In light of this, the coin is set to offer an additional potential increase of 15.35%. This presents an opportunity for investors to capitalize on the current price before a subsequent rise.
These developments underscore 5th Scape’s commitment to enhancing user experiences within virtual worlds by leveraging 5SCAPE Coin. As the project progresses, it aims to improve immersion and interaction within its virtual gaming environment. Simply put, it seeks to provide users with a unique and captivating experience.
5thScape, the cutting-edge crypto project poised to revolutionize augmented and virtual reality, offers investors an opportunity to dive into the future of immersive gaming.
With plans for innovative VR hardware and a diverse range of games, including Cage Conquest and Epic… pic.twitter.com/FaIicOGq3w
— 5th Scape (@5th_scape) March 23, 2024
Overall, the success of 5th Scape’s presale reflects a growing recognition of the potential value of virtual reality gaming platforms. Investors are eager to participate in their future growth.
3. Sei (SEI)
Sei is drawing attention to its trading-focused Blockchain design, with its price steadily rising. Hence, analysts foresee significant potential for Sei’s value to rise, positioning it as a rival to Solana. Moreover, the recent launch of the v2 devnet has fueled optimism with increasingly smooth operations and growing milestones.
With over 11 million blocks produced and an impressive block time of 300 ms, Sei is showcasing its capabilities. Additionally, deploying multiple teams underscores the project’s commitment to growth and development.
Meanwhile, Sei is actively advancing its ecosystem by introducing Audit Wizard. This tool enables developers to enhance smart contract security and facilitates bug detection, vulnerability scanning, and AI-driven security analysis.
Observe Sei v2 public devnet blocks being finalized on Seitrace 👇https://t.co/B75LIl1z9r
— Sei 🔴💨 (@SeiNetwork) March 26, 2024
Furthermore, Sei has experienced a modest increase of 0.85%, signaling minimal growth. However, the sentiment towards Sei’s price prediction is bullish, suggesting massive gains soon. This is evident from the Fear & Greed Index, which registered 83, as token transactions steadily increased. Moreover, the chain has witnessed 15 green days out of the last 30, signaling positive momentum.
With high liquidity based on its market cap and trading near its cycle high at $0.892193, Sei continues to attract investor interest. As the project progresses and gains traction, investors remain optimistic about its future potential.
4. Pocket Network (POKT)
Pocket Network has had an eventful week highlighted by significant milestones and positive outlooks. Notably, the team has launched the private Testnet for POKT Shannon, hitting an impressive step towards the much-anticipated Mainnet launch of POKT Shannon.
Furthermore, the project has commenced voting on PEP-67 to improve POKT’s liquidity. This indicates the team’s commitment to enhancing its ecosystem’s robustness. Meanwhile, Liquify Ltd, POKT’s third Gateway, showcased its prowess at ETHTaipei with 13.9k POKT burned from Gateway fees alone.
Regarding adoption, Pocket Network continues demonstrating its utility, having served an impressive 3.5 billion relays last week through its two Gateways, BuildWithGrove and Nodies_infra. Meanwhile, Upbit announced it will soon introduce Pocket Network’s POKT’s BTC and USDT trading pairs on March 27. With news of this expansion, POXT’s accessibility is set to reach a wider audience of traders.
Very excited to see POKT listed on @Official_Upbit.
A great way to kick start this next phase as we ramp up to Shannon!
— POKT Network (@POKTnetwork) March 27, 2024
Meanwhile, Pocket Network’s market performance reacted positively to this news, surging by 37% to $0.280569. In addition, the sentiment surrounding Pocket Network remains bullish, with an Extreme Greed index of 83, underlining investor optimism.
Over the past year, Pocket Network has exhibited remarkable growth, with its price surging by 540%, emphasizing its market strength. Furthermore, trading activity indicates a substantial lead, with Pocket Network currently trading 444.34% above its 200-day SMA.
5. Bitget Token (BGB)
Bitget Token (BGB) has emerged as a prominent player, attracting considerable attention since its inception. Presently, the price of Bitget Token stands at $0.966465, marking a 2.19% increase in the past 24 hours.
Likewise, BGB’s market outlook is bullish, with Bitcoin halving projected to push the price of Altcoins. Hence, the token is trading near its cycle high with an Extreme Greed reading of 83 on the Fear & Greed Index. Additionally, the token boasts a high liquidity level based on its market capitalization, demonstrating market strength.
Over the past year, Bitget Token has shown remarkable growth, surging by 153% and outperforming over half of the top 100 coins. Furthermore, it is trading 110.47% above its 200-day simple moving average, currently at $0.458521.
Bitcoin Halving Countdown? 300 BGB Giveaway Feat. Miles Deutscher | Bitget Live https://t.co/4nMbKM1gyU
— Bitget (@bitgetglobal) March 27, 2024
Also, the project’s strong fundamentals and robust community support position it for potential future growth. Collaborations with other networks could raise its price, with projections of surpassing $1.36 by 2024. In a bullish crypto market scenario, an average price of around $1.23 by the same year seems plausible.
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