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The Hong Kong Web3 Festival has fueled Bitcoin’s recent surge by increasing overseas participation. As the city aims to cement its status as a significant crypto hub, it’s attracting prominent speakers like Cathie Wood. It highlights the city’s growing influence in the global crypto market.
Due to the recent market recovery, investors are taking positions to either edge their gains or capitalize on emerging trends. Analysts believe investors can better pinpoint profitable tokens by analyzing their characteristics. They can examine their use cases, partnerships, and recent developments.
5 Best Cheap Crypto to Buy Now Under 1 Dollar
This analysis provides traders with valuable insights for assessing the growth potential of various tokens. Many tokens priced below $1 are experiencing upward trends, signalling promising investment prospects.
EOS, Gala, Ethena, Mega Dice, and Hedera are outstanding investment options. These low-cap cryptocurrencies each focus on real-world asset tokenization and blockchain innovation. These factors fuel our recommendation of these assets as potential portfolio additions.
1. EOS (EOS)
The EOS Network, a third-generation blockchain platform, prioritizes high performance, flexibility, and security. It offers developers a versatile environment to create unattainable projects on other blockchains. With a community-driven foundation, EOS fosters transparency and accountability, promoting growth and innovation within its ecosystem.
In recent developments, EOS has introduced Wrapped RAM (WRAM). This project tokenizes real-world assets within EOS’s ecosystem. It also enhances the liquidity and accessibility of Random Access Memory (RAM).
Furthermore, WRAM enables off-chain trading and broader market visibility. It also provides a 1:1 tokenization of existing RAM without transaction fees. These innovations open new paths for growth and expansion, with potential listings on major decentralized exchanges.
A new proposal bringing about major tokenomic changes to the #EOS ecosystem will be put up for the network block producers to vote on soon ✅
Learn all about what it could mean for $EOS in the post below 👇https://t.co/xG4Jcsmrrw
— EOS Network Foundation (@EOSNetworkFDN) May 20, 2024
EOS has shrugged off its recent dip to trade at $0.8723 today. This value indicates a 10% surge in the last 24 hours and 13% over the previous week. The token also trades 4.10% above the 200-day SMA.
EOS demonstrates stability and robust market presence with a 30-day volatility of 14% and high liquidity. This is evidenced by its volume-to-market cap ratio of 0.7920. Therefore, EOS is positioned for further growth and adoption in the blockchain.
2. Mega Dice (DICE)
Mega Dice, an established casino, aims to transform GameFi. The project rewards current users and attracts new ones, playing a crucial role in Mega Dice’s gamification plan. It 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 $1.2 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 issued 420,000,000 $DICE tokens, with 35% available in the presale.
The $DICE presale has raised $800k! 📈
Only $200k left before the next price increase 🚀
Join the #1 GameFi project on Solana 🏆
BUY $DICE NOW 👇🏻
🔗 https://t.co/Pk6R16oOKk pic.twitter.com/3QzRpoSNAr— Mega Dice Casino (@megadice) May 7, 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.
3. Hedera (HBAR)
Blending traditional finance (TradFi) with Hedera’s blockchain technology is a big step forward. It shows how Hedera’s network can attract high-level projects due to its speed, security, and low fees. Archax has been fundamental in expanding tokenized money market fund options for institutional clients.
Furthermore, the HBAR price is $0.1159, marking a 9.37% increase for the day, reflecting a bullish sentiment. Its monthly return rate is 5.13%, and its yearly return rate is 89.71%, suggesting a sustained bullish trend over the long term.
The recent remarkable increase happened when BlackRock, the biggest asset manager globally, announced its plan to tokenize its US Treasury money market fund on Hedera. This collaboration involves Archax and OwneraIO.
Meanwhile, market sentiment regarding the price prediction of Hedera Hashgraph is bullish, with the Fear & Greed Index showing a value of 71 (Greed). Analysts also predict a significant upward movement for HBAR crypto, expecting it to reach $0.1500 soon.
#Hedera is proud to express our support for a floor vote for H.R. 4763, The Financial Innovation and Technology for the 21st Century Act (FIT21), alongside fellow industry leaders in #DigitalAssets and #blockchain. #HelloFuture https://t.co/LnkdnCnDDr
— Hedera (@hedera) May 20, 2024
HBAR cryptocurrency is bullish, with buyers firmly in control of the trend. A highly anticipated breakout recently resulted in a significant surge of over 25% in the past two weeks. The overall trend remains bullish, indicating a potential upward movement for the token.
Hedera’s move highlights its growing importance in finance. It also shows that investors trust the network to handle significant financial instruments. Therefore, investors can look into adding HBAR to their watchlist.
4. Ethena (ENA)
Ethena (ENA) is in a correction phase after a massive drop of over 45% in April. Recent whale activities have caused the price to skyrocket. Furthermore, a big investor took out 6.26 million ENA tokens worth more than $5.3 million from one address.
The timing of this investor’s move indicates it could be a perfect entry point. ENA’s price probably dropped in April due to United States CPI data and issues between Iran & Israel. However, ENA’s price increased by more than 150% when it first launched.
Furthermore, the token is trading at $0.8312 today. This price indicates that the token has grown by 14.24% over the previous day. Its YTD increase stands at 30%, showcasing its ability to deliver profit to investors consistently.
One of the most comprehensive deep dives on @ethena_labs from the research team at @Delphi_Digital which covers the unique design, economics and detailed risks of USDe 📚 https://t.co/4HWHClCBNY
— Ethena Labs (@ethena_labs) May 17, 2024
Meanwhile, Ethena rests on the 38% Fibonacci level, which might mean a good time to buy. Analysts predict the token might go up since it broke a trendline on the 4-hour chart. Although it is having difficulty moving past $0.92, it could close above $0.92. This scenario might play out if it jumps by more than 30%, possibly reaching $1.2.
As the crypto market starts to recover, buyers are feeling more confident. Bitcoin is returning to $70,000, and ENA’s price shows signs of bouncing back from the $0.83 level. With the token almost done with the pullback phase, traders are waiting for the next big move.
5. Gala (GALA)
Gala aims to reshape player interactions through Web3 and blockchain technologies. A team of seasoned game developers leads it. These developers seek to tackle the systemic issues inherent in traditional gaming models.
Furthermore, the project empowers players with freedom, control, and rewards. It does this by introducing a vast platform featuring AAA-level games. These interactive games have drawn a large player base and continue to enthral gamers worldwide.
Meanwhile, $GALA facilitates various functions within the platform. These functions include acquiring NFT items, rewarding Founder’s Node operators, and covering network fees. Moreover, Gala Games distinguishes itself with a “games-first” ethos, prioritizing enhancing player experience above all else.
🤝 Connect your @Metamask, @OKXweb3 wallet or @Coinbase wallet directly to your Gala account to make your #web3 adventures easier than ever!https://t.co/ZFALUo5UId
— Gala Games (@GoGalaGames) May 20, 2024
GALA is priced at $0.04121, indicating a 3.85% surge in the last seven days. It trades 53% higher than last year, demonstrating its resilience and investor confidence. GALA trades above the 200-day SMA at $ 0.024292. As the market recovers, GALA remains a promising asset. This promising prediction is backed by the token’s high liquidity and interest to traders worldwide.
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