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As the market shows signs of recovery, investors are eager to seize opportunities for potential gains by focusing on affordable tokens. Identifying these coins, priced under 1 Dollar, necessitates thorough research. This article highlights assets that could emerge as significant players in the crypto market’s future.
5 Best Cheap Crypto to Buy Now Under 1 Dollar
Investors are drawn to the thrill of finding the next big thing in the crypto market, especially when priced under 1 Dollar. Tokens like TRON, Conflux, and Bitcoin Minetrix have caught attention recently due to their low prices and promising performance. In other news, Dogecoin surged 18% on rumors of X enabling DOGE payments, reaching a 7-day high.
1. Conflux (CFX)
Conflux Network has unveiled the EVM-compatible Bitcoin Layer 2 (BTC L2) solution. This solution aims to harness Bitcoin’s robustness to enhance the Conflux Network’s capabilities. Furthermore, the newly introduced Bitcoin L2 solution is designed to integrate seamlessly with Bitcoin. This move is a notable advancement in blockchain interoperability.
Running atop the main Conflux chain, this Layer 2 network will facilitate the smooth transfer of Bitcoin. In addition, it will aid inscription-powered assets between Conflux’s blockchain and Bitcoin’s ecosystem.
Moreover, Since Conflux’s announcement, CFX has been through waves of green candles. On Thursday, January 18, 2024, CFX recorded an impressive 8% surge, reaching a trading price of $0.2203.
Meanwhile, CFX’s current price of $0.194027 has experienced a 6.75% intraday increase, above the 200-day SMA. Over the past year, the price of CFX has surged by an impressive 503%.
This article explores how Conflux's Bitcoin Layer 2 integration revolutionizes asset management and network security in blockchain.https://t.co/enWw1cItGy
🔒 Proof-of-Stake (PoS) consensus acts as a reliable Bitcoin Oracle.
🌐 Comprehensive metadata connects Conflux and…
— Conflux Network Official (@Conflux_Network) January 25, 2024
Besides, the tokens Fear & Greed Index indicates a neutral stance at 49. However, investors are optimistic as the sentiment surrounding the coin is bullish. Together with this, CFX has displayed exceptional performance over the past year, exceeding 94 of the top 100 coins.
Furthermore analyzing its recent performance, Conflux Network has witnessed 16 green days within the last 30 days, constituting 53% of the period. With high liquidity attributed to its market capitalization, the network continues to garner attention within the crypto space.
2. TRON (TRX)
Tron (TRX) has surged with remarkable strides, showcasing its robust growth and promising trajectory. With a market cap surge to $9.4 billion, marking an 87% year-on-year increase from $5 billion, TRX is a leading asset.
Furthermore, quarterly revenue for Q4 soared by 14% quarter-on-quarter, leaping from $105 million to $119 million in USD. Throughout 2023, TRON’s revenue prowess positioned it as one of the top contenders. As such, the coin only trailed behind Ethereum and Bitcoin in revenue generation.
Moreover, TRX’s total stake saw a steady 4% year-on-year rise, reaching 46.1 billion TRX. In addition, an encouraging 30% of staked supply embraced Stake 2.0 utilization. Similarly, USDT on TRON experienced substantial growth, elevated by 11% in Q4 alone. By extension, half of all issued USDT resides on the TRON network by quarter-end.
🎉The average daily transfer volume of #stablecoins on #TRONNetwork reached $11,900,075,248 (2024.01.19-2024.01.25)! #USDD #USDT #USDJ #TUSD #USDC pic.twitter.com/m8EyJDnd1T
— TRONSCAN (@TRONSCAN_ORG) January 26, 2024
Along the same lines, the introduction of stUSDT on TRON catapulted it to become the second-largest real-world asset (RWA) protocol in Q4. Hence, over $2.2 billion was deposited into the protocol, underscoring TRON’s expanding ecosystem and utility.
Therefore, TRON’s promising roadmap and ongoing initiatives affirm its robust potential. Likewise, it positions TRX as a resilient contender in the crypto landscape. Plus, TRX is listed on premier crypto exchanges such as Binance, Gate.io, and Bitget. Hence, this highlights TRON’s prominence among the top 10 tokens by market capitalization and underscores its enduring strength and investor appeal.
3. Oasis Network (ROSE)
Oasis Network’s cryptocurrency, ROSE, has recently experienced a significant upswing, rebounding from around $0.04500. This upward movement is evident in its daily chart, which shows bullish spikes and a solid 93.52% growth in the previous quarter. Similarly, predictions indicate a bullish sentiment for ROSE, with the Fear & Greed Index at a neutral 49.
Over the past year, Oasis Network has performed remarkably well, with its price surging by 82%. Also, it outmatched 76% of the top 100 crypto assets, including Bitcoin and Ethereum. It trades above its 200-day simple moving average, indicating high liquidity based on its market cap.
We're expanding our cross-chain interoperability to @PancakeSwap through a strategic collaboration with @CelerNetwork!
This partnership introduces ROSE & wROSE to @BNBCHAIN, marking a significant step in connecting the Oasis & BNB ecosystems
Learn more: https://t.co/OLSgR4wNKv
— Oasis (@OasisProtocol) January 11, 2024
With solid fundamentals and a dedicated community, Oasis Network holds promising potential. Furthermore, speculation suggests potential collaborations with other networks could drive ROSE Coin’s price above $0.205 by 2024. Moreover, in a bullish crypto market, the average price of Oasis Network Coin is expected to stabilize around $0.185.
4. Bitcoin Minetrix (BTCMTX)
Bitcoin Minetrix unveils a groundbreaking model, enabling users to stake BTCMTX tokens for cloud mining credits. With a focus on inclusivity, the project has raised over $6 million, catapulting its ambitious objectives. In the ongoing presale, Bitcoin Minetrix has surpassed $9.4 million of its $8 million target, selling tokens at $0.0126 each. This represents 70% of the total token supply, amounting to 2.8 billion BTCMTX out of 4 billion tokens available.
#BitcoinMinetrix attains another remarkable milestone!
Surpassing $9,200,000. 💰 pic.twitter.com/Tlj6ACRT67
— Bitcoinminetrix (@bitcoinminetrix) January 25, 2024
A notable aspect of the project is its staking pool, which currently holds over 400,000 BTCMTX tokens and offers an impressive annual percentage yield (APY) of 103,225%. This innovative approach aims to decentralize control, ensuring a robust mining ecosystem.
Bitcoin Minetrix’s community-centric ethos has resonated with the crypto space, while its unique tokenomics model adds depth to the initiative. Therefore, Bitcoin Minetrix’s innovative mining model, community engagement, and successful fundraising position it as a promising project. As the presale continues, interested investors are urged to explore the project’s offerings and potential benefits.
5. Stellar (XLM)
STASIS recently integrated its euro-backed token, EURS, with the Stellar blockchain. As a result, STASIS’ move introduces a new digital currency feature to the Stellar network. Equally, it expands access to a reliable and transparent euro-denominated stablecoin. Furthermore, The integration of STASIS’ EURS with the Stellar network enriches the Stellar network’s utility. In addition, it fosters transparency and inclusivity in financial services within the Web3 ecosystem.
Moreover, Stellar has been performing well in the market, showing investors promising signs. Despite recent bearish sentiment in the crypto market, investors hold the coin with a projected bull. Over the past year, Stellar has outstripped 54 of the top 100 coins with a price surge of 26%. With 15 green days recorded in the last 30 days, XLM has caught the market’s attention. Similarly, the current oversold status suggests a potential uptrend, positioning for a price rally.
Join us Wednesday for SCF's Project Pitches showcasing top submissions on Stellar and @SorobanOfficial!
📅 Jan 24 | ⏰ 11 AM – 1 PM ET
Open to all Stellar and Soroban enthusiasts. Bring your questions and feedback to support these innovative projects. https://t.co/khQmnaNBtY
— Stellar (@StellarOrg) January 22, 2024
Furthermore, Stellar protocol holds immense promise for the future through ongoing efforts by network developers and the community. Plus, investor activity is expected to significantly enhance the value of the XLM coin in the years ahead. Also, analysis indicates that Stellar is gaining momentum in the crypto market. In tandem, projections suggest a maximum price of $1.23 by 2024. If the current bullish trend continues, the average price of Stellar Lumens in 2024 could reach $0.84.
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