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The crypto market is recovering from its lows, as most of the tokens are priced in green. Notably, the fear and greed index stays at 60, indicating greed in the market. Sooner or later, traders are anticipating a potential bull run. In the past 24 hours, the global crypto market cap has witnessed an increase of 2.15% to $2.8 trillion before retracting.
The total crypto market volume remains at $63.8 billion, which marks a 28.45% decline. However, traders are observing the market volatility, and some cryptocurrencies have captured the top gainers spot with their exceptional performance. Let’s check out the best cheap crypto to buy under 1 dollar.
5 Best Cheap Crypto to Buy Now Under 1 Dollar
Many low-priced tokens have outperformed high-cap tokens in terms of price increases. SKALE is a notable example, demonstrating significant potential and delivering substantial profits to early investors. Also, we made a comprehensive analysis of two presale tokens, Pepe Unchained, and PlayDoge, and showed why they are worth considering.
Today’s review explores the profit potential analysis of SKALE, Chromia, and Chiliz. These tokens are currently trading below 1 dollar, with notable surges of 7% to 15% observed in the past 24 hours alone, indicating promising investment opportunities. These price surges are remarkable, given the general mixed sentiment prevalent in the market today.
1. SKALE (SKL)
SKALE is a modular blockchain network designed to enhance Ethereum’s scalability. It achieves this by providing an unlimited number of fast, secure blockchains with zero gas fees. These blockchains, known as SKALE chains, can be customized or shared among different decentralized applications (DApps).
This setup allows DApps to function in a decentralized, modular cloud environment, offering faster and more cost-effective execution of Solidity smart contracts. This is particularly advantageous for projects such as games and streaming services. Meanwhile, SKALE has released the Pacifica V3 upgrade, which significantly increased block mining speed by 108% and transaction throughput by 122%. This upgrade enhances the overall performance of the network, enables support for EIP-1559 transactions, and improves contract functionality.
Consequently, SKALE can now process over 300 transactions per second, with block mining times reduced to under 2 seconds. Additionally, in June alone, SKALE saved users approximately $400 million in gas fees while facilitating around 55 million transactions. These substantial improvements have increased demand and utility for the SKL token, as further detailed below.
In the last 24 hours, SKALE’s price has risen by 1.70%, reaching $0.05082. The token also has a strong liquidity ratio of 0.1902 and a Greed and Fear Index of 76, indicating “Greed”. Over the past year, SKALE’s price has increased by 70%, outperforming half of the top 100 crypto assets. Furthermore, the token has posted 25 green days in the last 30 days.
2. PlayDoge (PLAY)
PlayDoge, a prominent play-to-earn (P2E) meme coin, has quickly raised almost $5.9 million during its presale phase. The presale started with a swift $200,000 raise within minutes and then skyrocketed 25 times. This rapid growth highlights PlayDoge’s strong potential to become a significant player in the meme coin market.
PlayDoge distinguishes itself with a unique blend of meme culture and gaming, drawing inspiration from 1990s nostalgia. Players can own virtual Shiba Inu dogs, engage with them in a Tamagotchi-style environment, and earn $PLAY tokens as rewards. With its presale currently priced at $0.00524, prospective investors have the opportunity to acquire tokens before their value potentially rises.
PlayDoge’s appeal goes beyond its engaging gameplay. Built on the Binance Smart Chain and featuring a fully audited smart contract by SolidProof, it targets the growing markets of retro gaming and game remakes. The platform plans to launch a free app on both Google Play and the App Store, aiming to make play-to-earn experiences more accessible and potentially increase cryptocurrency adoption among gamers globally.
As PlayDoge gains momentum during its presale phase, driven by high staking yields and strong community support, it is well-positioned to impact both the play-to-earn (P2E) and meme coin sectors. A potential listing on major exchanges like Binance could greatly enhance $PLAY’s liquidity and market appeal, attracting early investors interested in the convergence of gaming and cryptocurrency.
3. Chromia (CHR)
Chromia is making waves in the blockchain industry with its robust platform designed for decentralized applications (DApps). Created by ChromaWay, Chromia utilizes a relational blockchain architecture to provide fast transactions and low fees. The platform supports SQL and JavaScript, making DApp development straightforward for developers.
Furthermore, Chromia offers public, private, and hybrid blockchain models, providing users with exceptional flexibility and control. With the ability to handle up to 100,000 cell updates per second, Chromia is poised to address real-world challenges in sectors such as gaming, finance, and healthcare.
The launch of Chromia’s MVP Mainnet on July 16 marks a significant milestone for the CHR token. This mainnet introduces key features such as provider payments and network hosting fees, all managed within Chromia’s relational blockchain. By streamlining on-chain operations and eliminating the need for third-party services, Chromia enhances efficiency.
Meanwhile, Chromia is working with the EU on blockchain sustainability projects. It has ambitions to revolutionize industries like textiles and batteries by 2027. With increasing network activity and more assets being bridged from EVM chains, Chromia is well-positioned to become a major player in the Web3 space.
With recent advancements, CHR has surged to $0.2148, maintaining a solid liquidity ratio of 0.2373. It is trading 124.66% above its 200-day Simple Moving Average (SMA), which, while significant, is lower than Chiliz’s 280.75%. CHR has achieved an annual growth of 99.68%, an impressive feat.
4. Pepe Unchained (PEPU)
Pepe Unchained aims to revolutionize meme coin transactions with its technical advancements. The project plans to launch a layer-2 network to improve transaction efficiency and lower costs. Additionally, it will introduce a decentralized exchange (DEX) specifically for meme coins, enhancing utility and expanding market access.
Furthermore, Pepe Unchained will offer double staking options with an initial annual yield of 370%. While this yield may vary as staking increases, early participants will secure the highest rewards. The development team is dedicated to conducting thorough security audits and maintaining a transparent development process to build investor confidence. With over 3,900 followers on Telegram and 8,700 on Twitter, the project is already creating considerable excitement in the crypto community.
Notably, Pepe Unchained is generating significant buzz with its impressive presale achievements, having raised over $6.5 million so far. Currently, PEPU tokens are priced at $0.0088044 each. Early investors benefit from the best rates due to the stage-based pricing model of the presale. Tokens can be purchased using ETH, USDT, BNB, or even credit and debit cards.
5. Chiliz (CHZ)
The team behind the Chiliz project recently announced a collaboration with Azuro. This strategic partnership is meant to promote the adoption of on-chain sports prediction markets. Also, the alliance seeks to give users the tools to launch equitable and transparent prediction apps.
Furthermore, The project will enable users to show their support for their favorite teams and athletes from anywhere in the world. Likewise, the strategic partnership with SBI Holdings, catering to millions of users, suggests an optimistic prospect for Chiliz. This collaboration demonstrates SBI’s dedication to strengthening Japan’s entertainment and sports sectors.
Despite a slight dip in the last 24 hours, the token has managed to sustain a bullish Investor sentiment. Besides, Chiliz’s price trajectory has formed an interesting pattern on its 50-day Simple Moving Average. This positive pattern is supported by its trading above the 200-day simple moving average and an RSI that is propelling it out of the overbought zone.
Meanwhile, the token demonstrates substantial liquidity, as evidenced by its robust market capitalization. Chiliz has demonstrated resilience, boasting a remarkable post-launch increase of 280.75% to reach $0.0662. These factors position Chiliz as a compelling choice among cryptocurrencies for current investment.
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