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Today’s market dynamics reflect a blend of enthusiasm and caution. While the total trading volume surpassed $91.70 billion in the last 24 hours, indicating a 25% increase, however, the market cap dipped by almost 1% in the same time frame. Notably, the crypto Fear & Greed Index registered a reading of 64, showing there is room for more growth.
Meanwhile, investors are searching the market for the best cheap crypto trading below 1 dollar as the bull run of 2024 takes off. A few cryptos have distinguished themselves among the numerous choices by prospecting for a significant upswing. Today’s analysis highlights the 5 best cheap cryptos under 1 dollar that analysts could offer considerable returns.
5 Best Cheap Crypto to Buy Now Under 1 Dollar
This review offers essential insights for investors seeking to assess the growth potential of various tokens. Several tokens, such as Conflux, Akropolis, and XRP, are currently witnessing upward trends, presenting investors with opportunities to enter the market.
Furthermore, Mega Dice and PlayDoge have recently raised over $1.6 million and $5.8 million, respectively in their ongoing presales. Their prices currently stand at $0.100256 and $0.00521 each. Prospective investors are urged to buy the token as their prices are structured to increase soon.
1. Conflux (CFX)
Conflux is a unique project developed to strengthen decentralized applications (dApps), Web 3 infrastructure, and e-commerce. It seeks to outperform other blockchains in terms of scalability, decentralization, and security. Moreover, the platform facilitates the fast, efficient, and cost-effective transfer of assets.
Furthermore, Sei empowers users with the essential development tools that follow regulatory compliance. These tools are designed to help developers build secure and scalable dApps. The native token, CFX, serves multiple purposes, including being used as a store of value, for governance, and for staking to earn more CFX tokens.
This also fosters the creation of unique projects such as the MEI PROJECT sneakers and ConFi’s Friends. These special utility cases ensure increased demand for CFX tokens in China. Currently, CFX trades at $0.1683, indicating a 1.1% increase in the last 24 hours. Notably, it builds on last week’s 3% increase and last month’s 13% uptick.
We're excited to partner with @quillaudits_ai an amazing team dedicated to top-tier security! https://t.co/n9soMq5rkn
— Conflux Network Official (@Conflux_Network) July 22, 2024
The 14-day Relative Strength Index (RSI) for CFX stands at 56.4, indicating a neutral market position with a likelihood of sideways trading. Over the past 30 days, the token has experienced price increases on 16 occasions, reflecting high liquidity. Given its strategic partnerships and consistent upward price trends, analysts anticipate that the CFX price will stabilize at a minimum of $0.2880 by the end of the year.
2. Akropolis (AKRO)
Market participants are well-acquainted with Akropolis’s innovative approach to borrowing and lending, which has likely contributed to its ongoing sustainability. The platform tackles the financial sector’s challenge of collateral-dependent credit access by providing under-collateralized loans. This feature appeals to credit seekers and investors eager to transform the lending landscape.
Meanwhile, AKRO continues its bullish trend, trading above support levels and consolidating around resistance zones. Currently, the token is priced at $0.005633, reflecting a 7.5% increase over the past 24 hours. This rise builds on a remarkable 20% price increase recorded yesterday.
The primary catalyst for this surge is an announcement by KCEX, a cryptocurrency exchange. This development is expected to propel AKRO into a prolonged bullish trajectory, with the potential for a further 100% increase.
For those who missed it – there is an active governance proposal on the forum 🗳️
⚙️New dPoS-based blockchain (BTC UTXO sidechain with enhanced EVM compatibility 👀)
💻Joint effort by current and new contributors, bringing fresh innovations.
🪙New tokenomics proposed to enhance… https://t.co/7EoQBp0Nsu— Akropolis (@akropolisio) June 26, 2024
As with every cryptocurrency, the significant market downturn last week impacted AKRO’s price, driving it down to a low of $0.005. However, AKRO quickly rebounded the following day, advancing towards $0.011. Despite the challenges encountered by other ecosystems, AKRO has achieved notable gains of 5.9% and 13.1% over the past 7 and 14 days, respectively.
Moreover, AKRO’s current price exceeds the 50-day and 200-day Simple Moving Averages, indicating a positive trend for the asset in the short and long term. The Moving Average Convergence Divergence (MACD) indicator is positioned above the signal line, accompanied by green histogram bars. This reinforces the notion that buyers dominate the market, suggesting the potential for further gains in the coming weeks.
3. Mega Dice (DICE)
Mega Dice integrates gaming and cryptocurrency, catering to both gamblers on its platform and holders of its DICE token. Furthermore, Mega Dice has launched a Refer & Earn program. This new program seeks to incentivize users who refer people to Mega Dice with a percentage of whatever they spend on the platform.
Furthermore, DICE has recently raised over $1.6 million and is nearing its $2 million presale target. The token’s price currently stands at $0.100256. Prospective investors are urged to buy the token before the price increases in approximately four days.
Meanwhile, the team has launched a $2.25 million airdrop campaign divided into three seasons. Season 1 allocates a $750,000 reward pool to active players who wager at least $5,000 within 21 days. Seasons 2 and 3 offer an additional $1.5 million for sustained activity until the DICE token is listed on exchanges.
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Now you can use your TON, using Wallet in a few clicks – simply choose TON as a deposit method to connect your wallet to start depositing 🔥 pic.twitter.com/5wOsonfBOs
— Mega Dice Casino (@megadice) July 22, 2024
Season 2 recently ended, enabling token holders to earn rewards by staking, receiving daily payouts proportional to the casino’s profits. Mega Dice incentivizes engagement with NFTs for VIP players and offers a 25% referral commission to encourage further participation on the platform.
4. XRP (XRP)
Despite regulatory hurdles, XRP continues to maintain a strong market presence. The continuous development and imminent resolution of its legal tussle have been predicted to stimulate investor confidence considerably. The prediction further states that these events could be catalysts that might drive the token’s price towards the $1 mark.
Meanwhile, XRP’s emphasis on empowering users with efficient and cost-effective solutions makes it stand out. These solutions enable cross-border payments, increasing its odds as a strong candidate for future growth. Also, its affordable transaction fees and strategic collaborations with leading financial establishments strengthen its credibility and adoption.
Furthermore, XRP triggered an upward momentum, which saw its value surpass the $0.60 resistance level. The bulls successfully pushed the price above $0.6050 before encountering resistance near the $0.6090 zone. The token thereafter retested the $0.6095 resistance point before experiencing a corrective pullback, with bulls defending the $0.6025 support level.
We’re honored to share that @Ripple is featured in @FortuneMagazine’s Best Workplaces for Millennials list!
Thank you to our team of Ripplers for all that you do, and @GPTW_US for the recognition as a 2024 #GreatPlaceToWork. https://t.co/m6RsEAsnb2
— Ripple (@Ripple) July 18, 2024
The next significant resistance level for XRP is around $0.70. A breakthrough above this resistance zone could drive the price towards $0.86. Further gains beyond that level may push the price toward the $0.88 resistance level.
5. PlayDoge (PLAY)
PlayDoge is an innovative mobile-based Play-to-Earn game. However, the project finds a way to adapt and make the DOGE meme more interactive. It transforms the Doge meme into a Tamagotchi-style virtual pet, enabling players to earn $PLAY tokens while playing. Notably, Just a few weeks after its launch, PlayDoge has raised almost $5.8 million in its ongoing presale.
Moreover, the project’s P2E strategy enables players to earn rewards. They are incentivized to take care of pets and take them on adventurous quests. The team has also announced that they will continue to build more projects to expand the token’s utility.
However, unlike the Dogecoin meme coin, DogePlay operates on the BNB Chain. The team strategically built PlayDoge on the BNB Chain to ensure that transactions carried out on the platforms are fast and efficient. It also seamlessly enables the project to integrate its gaming activities into multiple platforms.
Aside from getting rewarded through P2E, token holders can earn passively by staking their tokens. PlayDoge offers a huge 412% annual percentage yield. Investors can buy $PLAY tokens at $0.00521 today. Also, this price is set to increase in a few hours.
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