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The overall market Greed and Fear Index has decreased to 71, signaling reduced asset transactions as investors move to HODL. This reduced market movement has caused some cryptocurrencies to dip. However, shrewd investors want to buy the dip to capitalize on the impending bull market.
Pinpointing the most promising low-priced crypto assets requires considerable dedication. Hence, this article has meticulously curated a selection of cryptocurrencies priced under one dollar to simplify investors’ decision-making process.
5 Best Cheap Crypto to Buy Now Under 1 Dollar
Many tokens priced below $1 attract investment interest as tokens worthy of portfolio addition. Particularly noteworthy is 5thScape, which has reached a significant milestone during its Presale Stage 3 by securing an impressive funding of $3.6 million. Meanwhile, Bitcoin experienced a 5% decline as Treasury yields surged to their highest level since November.
1. Ethena (ENA)
ENA, the native cryptocurrency of the Ethereum-based synthetic dollar protocol Ethena, has surged remarkably. The token skyrocketed by 53% within two hours following its successful airdrop. As of the latest update, the Ethena (ENA) price stands at $0.8846, with its market capitalization surpassing $0.126 billion on its debut.
The highly anticipated Ethena Labs airdrop commenced on April 2, disbursing ENA tokens valued at $450 million to eligible wallets. Meanwhile, Ethena Labs reported the successful distribution of the entire airdrop allocation by 7:17 am UTC on the same day.
According to insights gleaned from on-chain data analyzed by Arkham Intelligence, the recipient of the largest share of the Ethena Labs airdrop received nearly $2 million in ENA tokens. Furthermore, wallet address 0xb56 emerged as the recipient of 3.3 million ENA tokens, equivalent to approximately $1.96 million.
Moreover, Dune Analytics data reveals that 22,200 claimants of the airdropped ENA tokens, 236,886,283 ENA tokens, were claimed. This figure represents 32% of the total $750 million ENA allocated for the airdrop.
Users can now access the following @pendle_fi to begin earning 20x Sats:
$100m pool on @0xMantle boosted with @eigenlayer pointshttps://t.co/1vr2jKUyDx
$100m pool on Ethereum
Existing users will receive a 20% bonus for entering these poolshttps://t.co/CVGkBomxhJ
— Ethena Labs (@ethena_labs) April 2, 2024
Ethena functions as a synthetic dollar protocol on the Ethereum blockchain, offering a cryptocurrency-based alternative to traditional banking services. Likewise, its ecosystem features the USDe synthetic dollar and the ‘Internet Bond’ savings instrument. USDe stands out for its stability, censorship resistance, and backing of Ethereum collateral.
With an impressive yield of 35.4%, Ethena’s USDe has attracted over 123,000 individuals who have locked in a total value of $1.6 billion, according to Ethena Labs’ homepage. Over the past month, USDe’s market capitalization has surged by 135%, reaching $1.58 billion, positioning it as the fifth-largest stablecoin in the market.
2. BOOK OF MEME (BOME)
Since its launch on the Solana network, BOME has been steadily ascending, garnering significant interest. While other meme coins struggle in a bearish market, BOME continues to demonstrate strength. In light of this, it edges closer to key resistance levels between $0.0185 and $0.0192.
Furthermore, analysis of the current situation reveals that BOME is poised for a potential breakout above the mentioned resistance zone. The ascending triangle pattern it’s currently trading within indicates bullish momentum, further reinforced by bullish signals from the DMI indicators. As the price approaches the resistance, there’s a likelihood of consolidation and potential exhaustion among bulls.
$BOME touched 1bln again! 🐸🔥 pic.twitter.com/GRXzz7OZhV
— Darkfarms㊙️ (@Darkfarms1) April 2, 2024
Moreover, the stochastic RSI suggests a bullish divergence, reinforcing the positive outlook for BOME. Despite the looming Bitcoin halving event, which could trigger market-wide effects, BOME is expected to maintain its upward trajectory. While breaking through the $0.019 mark may be within reach, surpassing $0.02 could pose challenges.
Looking ahead, achieving a healthy upswing towards the critical resistance at $0.24 remains a focal point for BOME. As traders closely monitor market dynamics, they must recognize BOME’s resilience and potential amidst turbulent times.
3. Cronos (CRO)
March was eventful for Cronos, capped by sports gaming dApp Lillius’s official announcement of cross-chain expansion to its ecosystem. Due to significant collaborations and announcements, CRO garnered considerable market attention. Entering April, Cronos continued its positive market performance. The token’s current price is $0.143761, reflecting a 3.17% intraday uptick.
In addition, the market cap has grown, climbing by 3.15% to $3,837,792,651. Furthermore, CRO’s Fear & Greed Index signaling 71 aligns with the broader market outlook. Nonetheless, market sentiment surrounding Cronos is bullish, reflecting maintained investor confidence. Cronos is at the forefront of blockchain-based innovations, seeking to transform diverse industries. Hence, its allure extends beyond its current valuation.
On this note, projections suggest a potential surge in Cronos’ value. Forecasts indicate a maximum price target of $0.194 and an average price hovering around $0.175 by 2024. However, there remains a possibility of a minimal decline, with the price potentially dipping to $0.164.
🔥Cronos Ecosystem Recap🔥
March has been an exciting and action-packed month across #Cronos for the #CROFam!
A thread on the latest happenings across dApps within the @cronos_chain ecosystem! 🧵👇 pic.twitter.com/xwrZ0Wtzoo
— Cronos (@cronos_chain) March 29, 2024
With increased DApp projects on its platform, the demand for CRO is poised to rise in the foreseeable future. This growing demand signals Cronos’ pivotal role in reshaping traditional paradigms.
4. 5th Scape (5SCAPE)
5th Scape’s Presale Stage 3 has hit a major milestone, securing an impressive funding of $3.6 million. This achievement underscores growing confidence in the project’s future growth trajectory.
Each 5SCAPE will be valued at $0.01 upon listing, presenting an appealing investment opportunity considering the current presale price of $0.00248. This offers a potential return of over 303%, making it a compelling option for investors looking to capitalize on potential gains.
Furthermore, the success of 5th Scape’s presale highlights its commitment to enhancing user experiences in virtual worlds using 5SCAPE Coin. The project aims to enhance immersion and interaction within its virtual gaming environment, promising users a unique gaming experience.
"NEWS OF THE DAY"
🚀5th Scape (5SCAPE) ICO surpasses $3.6 million, fueling speculation about its transformative impact on gaming. With AAA VR experiences, cutting-edge hardware, and a multi-utility token model, 5th Scape aims to revolutionize gaming.
Early participants benefit… pic.twitter.com/CxETyNlXbO
— 5th Scape (@5th_scape) April 3, 2024
Moreover, this positive reception signals a rising recognition of the inherent value potential in virtual reality gaming platforms. Investors are increasingly eager to participate in future growth opportunities, acknowledging the potential of such platforms to reshape the gaming sector.
5. Kaspa (KAS)
Kaspa’s market movement over the last month was in the red zone. However, the coin seems to be recovering after printing greens in the last intraday trading session. In the interim, Kaspa’s price is $0.132476, marking a 7.43% intraday surge. Similarly, its trading volume follows the same upward movement with a 5.85% rise. Such an upswing indicates bullish sentiment prevailing within the community.
Meanwhile, Kaspa has demonstrated remarkable growth on a YTD, with its price soaring by 291%. This trajectory positions Kaspa ahead of 78% of the top 100 crypto assets, surpassing even stalwarts like Bitcoin and Ethereum. Currently, Kaspa trades a substantial 107.39% above its 200-day simple moving average, underscoring its momentum in the market.
Kaspa’s ascent is not merely a reflection of market sentiment; its fundamental strengths back it. As blockchain technology unravels new possibilities across industries, Kaspa is a prime example of its transformative potential. With high liquidity and a compelling roadmap, Kaspa is poised to reshape paradigms beyond financial systems.
🎉This weekend, #Kaspa will be representing at the #HongKong WEB3 FESTIVALhttps://t.co/ppwaZLxK4Y
🗓️ April 6-9, 2024
Shai, @DesheShai will be speaking with some global Ambassadors working the Kaspa Booth (B03).
Chad, @rhubarbmedia (Canada)
Luke, @elldeeone (Australia)… pic.twitter.com/OmhfopHXgN— Kaspa (@KaspaCurrency) April 1, 2024
Looking ahead, projections for Kaspa paint an optimistic picture. According to Kaspa Coin price predictions, the coin could peak at $0.239, with an average price hovering around $0.213 by 2024. While the minimum price forecast suggests a slight dip to $0.187, the overall trajectory remains bullish.
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