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Last week, the cryptocurrency market saw a significant chunk of its value go down the drain, influenced by bearish sentiments. This price dip saw BTC exhibit price instability to sink far below the $60,000 mark, resulting in sideways trends in the general market. Nevertheless, the market has now entered a correction phase, catalyzing a substantial rally starting with cheap crypto to buy under 1 dollar.
As the bull run gains momentum, investors actively seek the best affordable cryptocurrencies priced below 1 dollar. Amidst numerous options, a select few have emerged with notable uptrends, indicating potential for substantial returns. Today’s analysis focuses on highlighting the best cheap cryptos to buy now 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. VeChain is a notable example, demonstrating significant potential and delivering substantial profits to early investors. Also, we made a comprehensive analysis of two presale tokens, 99Bitcoins, and PlayDoge, and showed why they are worth considering.
Today’s review explores the profit potential analysis of Beam, VeChain, and Bonk. 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 bearish sentiment prevalent in the market today.
1. VeChain (VET)
VeChain (VET) has partnered with Concordium to improve transparency in the food supply chain. This collaboration aims to build consumer trust by making it easier to trace food products, verify their authenticity, and ensure they are sourced ethically. Moreover, by integrating Concordium’s Proof-of-Stake consensus, VeChain can enhance its capabilities in managing supply chains.
In the meantime, the team is concluding the final voting phase on the testnet and manually distributing the remaining testnet rewards. A thorough review of all testnet activities ensured the successful deployment of the VeChainThor (VTHO) mainnet. As a result, the platform has been upgraded to support a smooth transition and implementation of the new system.
Current market trends, coupled with the recent strategic partnership with Concordium, suggest a potential price increase to $0.09, contingent on continued community support. Significant events, including the launch of the VeChainThor mainnet and progress within VeBetterDAO, represent crucial milestones that could drive further growth and adoption.
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— WoV Labs (@wovlabs_com) July 8, 2024
Meanwhile, VET is currently trading at $0.02565, reflecting a 5.97% increase over the past 24 hours. Investor sentiment remains positive, as evidenced by a Fear and Greed Index rating of 80, indicating extreme greed. Furthermore, the token’s Relative Strength Index (RSI) being above the midpoint suggests potential for further growth soon.
2. 99Bitcoins (99BTC)
99Bitcoins is an innovative project that incentivizes users with mouth-watering opportunities to earn while learning. Investors are optimistic about the token’s potential to grow by over 1,000% post-launch. Operating on the Ethereum network, the project also aims to expand into the BRC-20 ecosystem in the near future.
The 99Bitcoins news platform boasts a significant audience, with about 200K subscribers on YouTube and 3 million via email. Their latest endeavor, the Learn-to-Earn project, aims to transform crypto education by incentivizing participants to earn rewards through interactive modules, quizzes, and courses, fostering self-directed learning within the community.
In addition to its Learn-to-Earn campaign, 99Bitcoins offers extra incentives like access to premium trading signals and discounts, as well as opportunities for passive income through staking. By integrating learning with earning, this innovative approach has garnered interest from early supporters who foresee substantial attention upon the token’s launch.
#Bitcoin faces heavy sell pressure from the infamous Mt. Gox exchange and the country of Germany! 📉
Both are offloading large quantities of $BTC, pushing the price below $60,000. ⚠#99Bitcoins #BTC #Crypto #MtGox pic.twitter.com/loh67kXxdG
— 99Bitcoins (@99BitcoinsHQ) July 8, 2024
99Bitcoins has demonstrated its potential to draw investors’ interest by generating over $2.3 million in its ongoing presale. Users can benefit from several features, such as BRC20 tools and educational resources, access to a VIP community group, and exclusive trading signals by buying the token at a modest price of $0.00113. Participants can also benefit from a high Annual Percentage Yield (APY), although this rate will adjust as more investors engage in staking.
3. Beam (BEAM)
Beam is dedicated to eradicating user data mismanagement by offering a platform that guarantees secure and reliable transactions. It boasts features such as private stablecoins, NFTs, and automated market makers (AMMs). Additionally, Beam aims to integrate forthcoming functionalities like lending, oracles, sidechains, and wrapped assets into its ecosystem, further strengthening its position as a secure and trustworthy transaction platform.
Moreover, Beam functions as a gaming network supported by the Merit Circle DAO. The BEAM network is committed to creating a collaborative ecosystem to drive the gaming industry forward. It does so by connecting developers and players, fostering partnerships that help shape the future of gaming.
BEAM safeguards user addresses and grants them complete control over their privacy by leveraging blockchain technology. Throughout the previous week, BEAM encountered a minor downturn, dipping by more than 8%. However, recent trends show a resurgence, with the token rebounding by 3.24% from the previous week.
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Tons of games and projects struggle to get players these days. Pixelverse on the contrary.
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— Merit Circle (@MeritCircle_IO) July 8, 2024
Furthermore, the token is trading at $0.01457 today, reflecting a 0.24% increase over the past 24 hours. Year-to-date, Beam has surged by almost 200% in value. Additionally, the token’s RSI is trading above the 50 trendline to show the bulls are in charge, signaling potential for further growth before the end of the week.
4. WienerAI (WAI)
WienerAI seeks to enhance crypto trading with its AI-powered assistant on the Ethereum network. The platform features a user-friendly interface, enabling users to track market trends, explore potential investments, and research specific cryptocurrencies. It offers zero trading fees, facilitates smooth swaps across decentralized exchanges (DEXs), and safeguards against Miner Extractable Value (MEV) bots. WienerAI integrates advanced analytical tools and execution capabilities to streamline trading for users of all experience levels.
WienerAI has achieved a significant milestone by smashing the $7.2 million mark in presale, distinguishing itself amidst the current challenges faced by many meme coins. This achievement is credited to WienerAI’s strategic integration of meme culture with advanced artificial intelligence (AI) technology aimed at addressing real-world issues. This distinctive blend has drawn substantial attention from investors, with analysts forecasting significant potential for success supported by its unique strategy and robust community backing.
No knots, no worries!
WienerAI assists you with every trading problem. Let us untangle the market for you! 🌭📈 pic.twitter.com/du8ZfXd0os
— WienerAI (@WienerDogAI) July 8, 2024
Meanwhile, the WienerAI is set to be listed on several DEXs and CEXs immediately after its presale. 30% of the token’s 69 billion total supply is reserved for the presale, offering early investors an opportunity to buy tokens at a modest price of $0.0726. Token holders can also earn massive staking rewards with a potential annual percentage yield (APY) of up to 162%.
5. Bonk (BONK)
Bonk has gained recognition as the first dog-themed cryptocurrency on the Solana blockchain. Since its launch, the token has seen a remarkable rally, achieving significant gains in its initial quarter. It is currently trading at approximately $0.00002656. Analysts speculate that its unique concept could drive it towards the $0.01 mark by the end of 2024.
Furthermore, analysts maintain a positive outlook on Bonk’s ability to sustain its impressive launch trajectory. The price trend of Bonk underscores its resilience, with ongoing significant growth sparking investor speculation about its potential to reach the $0.1 mark in the near future.
Meanwhile, the increasing popularity of meme tokens continues to propel Bonk’s value upward. Leveraging the Solana blockchain, renowned for its scalability and speed, Bonk appeals to investors seeking faster and more cost-effective alternatives compared to Ethereum-based meme tokens.
What’s The Dog got cooking?
— BONK!!! (@bonk_inu) July 9, 2024
Bonk is currently trading at $0.00002656, reflecting a 12.35% increase over the past 24 hours. The token capitalizes on bullish sentiment to register a Fear & Greed Index of 70 (Greed) while maintaining a positive trend for 26 green out of the last 30 days. The token is also trading about its 200-day SMA and displays an RSI that points at 60 to indicate that the bulls are in charge.
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