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The crypto market experienced substantial fluctuations in June due to sentiment surrounding the Bitcoin Halving event and Ether ETF approval. BTC’s price has remained inconsistent for over a month. Consequently, investors may want to wait for a clearer signal indicating conviction among buyers to lead the post-halving rally.
The search for the best cheap crypto trading below 1 dollar has investors searching the market 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 five cryptos under 1 dollar that analysts could offer considerable returns.
5 Best Cheap Crypto to Buy Now Under 1 Dollar
Gala allows developers to create custom tokens, smart contracts, and node networks. The project facilitates bridging assets to other blockchains like Ethereum and Binance Smart Chain. Meanwhile, Flow experienced a surge of over 8% in the last 24 hours.
This article also explores the factors that could influence Flow’s price, from market trends to investor sentiment. We will also look at other low-priced altcoins like Hedera and Polygon. By the end of this analysis, you will have a clearer understanding of their prospects for 2024.
1. Flow (FLOW)
Flow is a proof of stake blockchain developed as the foundation of the open metaverse and Web3. The project promotes consumer-scale DApps, DEFi, DAO, NFTs, and PFP projects. It empowers blockchain developers to boost and push the boundaries to generate the next billion to Web3.
Furthermore, Flow enjoys the support of a team that has consistently delivered industry-leading consumer-scale projects. These projects include CryptoKitties, NFL ALL DAY, and NBA Top Shot. Flow’s open, decentralized protocol has attracted an ecosystem of creators from leading brands, growth studios, venture-backed startups, crypto influencers, and more.
FLOW, the native coin of the platform, has numerous essential purposes within the ecosystem. Some of its utilities include staking, paying transaction fees, and participating in network governance. The rising number of users and dApps on the platform increases the demand for Flow coin, influencing FLOW’s price.
Meanwhile, $FLOW exhibits an apparent upsurge as it glides above $0.5846, up over 8%. The price displays stability amidst its upward movement to reverse a recent decline. Also, the prevailing trend remains bullish, implying that sellers cannot counteract the dominant buying activity, leading to a sustained increase in value.
Big Sale Alert🚨
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— Flowty (@flowty_io) June 20, 2024
The 24-hour chart analysis suggests a positive trend because the value has witnessed an uptick today. Despite oscillating between $0.4654 and $.05844, the token has flipped a significant support level of $0.5846 to relieve selling pressure. The buying pressure is increasing, and $FLOW will test higher price levels soon.
In summary, Flow’s price analysis reflects bullish sensations in the near term as bulls relieve selling pressure. The market remains bullish and is likely to sustain its current upward trajectory. The token’s value has been rising steadily today with more support in the short and long term for the coin. The market is recovering, which might play a considerable role in nudging FLOW’s value upward.
2. Hedera (HBAR)
Hedera has initiated strategies to modularize its services, which means breaking them down into simpler, more manageable parts. This action will make development, scalability, Updates, and problem-solving easier. It also promotes smoother network operations, enticing more developers looking for a user-friendly platform to Hedera.
Moreover, the team is updating its network infrastructure to strengthen its reliability and robustness. These upgrades prove Herdera’s strong dedication to maintaining a solid network, a crucial element for businesses contemplating using the platform.
Meanwhile, HBAR’s value rebounded from the $0.072 critical support level, demonstrating intense buying interest from the bulls. Despite the bears’ efforts to stop the recovery at the 20-day EMA of $0.077, the bulls smashed through this opposition.
Moreover, the token is gliding around the ascending uptrend line, resulting in strong acceptance. This has seen HBAR price trade at $0.08456, increasing over 6% in the last 24 hours.
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We’re excited to share this major update to @hedera Wallet Snap, live and ready on the leading self-custodial wallet. pic.twitter.com/MA7YzheSvo
— Tuum Technologies (@TuumTech) June 18, 2024
Furthermore, the 20-day EMA is beginning to level off while the RSI has shifted into positive gear, reflecting a decline in bearish momentum. If the bulls sustain the price above the 50-day SMA of $0.083 and manage to smash through any descending trend line, the token might rise to $0.095.
However, HBAR’s value could decrease from the 50-day SMA to trade below the immediate EMA trend lines. This scenario would imply that the bears are taking advantage of the slight gains. It could drive the token to revisit the key support level at $0.072.
3. Polygon (MATIC)
Cookie3.com announced this week that it has integrated an AI data layer into its protocol. This development enables projects on Polygon PoS will now be able to make data-driven decisions. Meanwhile, the team offers polygon builders a free trial for comprehensive user engagement and analytics.
MATIC’s price, currently trading close to the $0.60 mark, displays signs of a possible explosion in value. This prediction is reinforced by positive investor sentiment and favorable market indicators. One significant price point to watch is the $0.6 support point.
If Polygon manages to overcome this critical resistance point, it could surge into the $0.69 to $0.77 range, giving a significant ROI to investors. Numerous critical indicators imply a potential uptick for MATIC. The RSI is in a bullish zone and hovers above the overbought zone. This indicates that although crypto market sentiment remains negative, there could be room for more price increases for Polygon.
⚔️TOP 3⚔️@Ronin_Network is using Polygon CDK to build a zk L2, meaning the top three gaming networks use Polygon tech
with this move, Ronin can also decide to tap into the AggLayer, joining a unified environment for the largest gaming community in web3https://t.co/2SQCa6OE3Y
— Polygon | Aggregated (@0xPolygon) June 18, 2024
Furthermore, the MVRV ratio at -15% for Polygon over 30 days assures investors that Matic would keep posting gains. This degree of negative sentiment is usually perceived as an accumulation phase, historically coming before a potential price rally. An MVRV between -10% and -20% commonly indicates a perfect buying hint, implying an investor’s interest in MATIC.
Further price chart analysis of the Polygon token shows that the altcoin has substantially increased, hitting one of its highest points in twelve months. With the current trading price around $0.5956, the crucial support point of $0.55 is key to the next phase. A drop below this support level could shove Polygon below $0.50, making recovery actions more difficult and further testing the bullish sentiment.
4. Mega Dice (DICE)
Mega Dice, an established casino, aims to transform GameFi. This token rewards current users and attracts new ones, playing a crucial role in Mega Dice’s gamification plan. Remarkably, Mega Dice plans to become the pioneer in crypto casinos, offering daily rewards based on platform performance.
Solana’s recent blockchain ventures are gaining notice. Among them is Mega Dice (DICE), a gaming and gambling token swiftly gaining popularity since its presale commenced. Mega Dice has raised over $1.5 million, indicating significant interest in this novel concept.
The Mega Dice presale has been remarkably successful thus far. The project has achieved a substantial funding milestone, demonstrating a strong demand for its token. Due to their accessibility and limited availability, people are keen to acquire $DICE tokens.
At present, each $DICE token is priced at $0.075. Those interested can link their wallets and swap SOL, ETH, or BNB for $DICE tokens. Mega Dice has sold over 21 million worth of $DICE to date.
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3.… pic.twitter.com/w8OHbzKvXr— Mega Dice Casino (@megadice) June 19, 2024
Meanwhile, they have allocated 15% for player airdrops, 15% for liquidity pools, and 15% for the Casino’s $DICE pool. Another 10% will serve as rewards for token stakers, and the remaining 10% is earmarked for marketing and other agreements.
Mega Dice ensures that the presale is inclusive. Post-presale, they aim to list $DICE tokens on decentralized exchanges (DEXs), potentially enhancing their popularity.
5. Polygon (MATIC)
Gala allows developers to create custom tokens, smart contracts, and node networks. The project facilitates bridging assets to other blockchains like Ethereum and Binance Smart Chain. The Gala ecosystem relies on independent node networks, incentivizing community participation.
GalaChain, a layer-1 blockchain, drives the Web3 ecosystem. It is initially tailored to the Gala’s entertainment ecosystem, including Gala Games, Gala Music, and Gala Film. It aims to empower users globally and envisions becoming the first billion-user blockchain. Innovators can leverage GalaChain’s SDK and Creator Portal to extend Web3 benefits to their communities.
Gala’s security is endorsed by CertiK, ranking it as the most secure altcoin globally. Utilizing a Gnosis multisig safe, Gala ensures collective oversight and operational security. It collaborates with esteemed agencies to maintain governance and compliance standards.
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— Gala Games (@GoGalaGames) June 19, 2024
Currently priced at $0.02932, Gala has surged by 5.83% over the previous month and has experienced a 47% increase over the past year. It exhibits strong growth by trading significantly above its 200-day SMA at $0.024292.
A 14-day RSI of 34.39 indicates a neutral stance. Its strong performance is demonstrated by a bullish sentiment and 15 green days in the last 30, representing 50% positivity. Gala exhibits stability with a 30-day volatility of 6% and showcases robust liquidity.
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