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Our spotlight is on the crypto under 1 dollar, but first, let’s look at the global sentiment surrounding Bitcoin. The token has maintained its strong position above $66,000, currently trading at $69,680. Its recent stability has fueled market correction.
With the surge of cryptos, choosing the right token can greatly influence investment outcomes. Investors are constantly searching for the best cryptocurrencies to buy now. This article aims to simplify this search by presenting a curated list of tokens with potential significant returns.
5 Best Cheap Crypto to Buy Now Under 1 Dollar
As the crypto market continues to evolve, certain digital assets are capturing significant attention with their remarkable performance. Today, we spotlight Liquid Staking Derivatives, Loopring, Graph, and Telcoin. Each of these cryptocurrencies has shown impressive price surges and robust market dynamics.
While analyzing the best cheap crypto under 1 dollar, we’ve also included a special mention of the 99Bitcoin presale. The project offers an opportunity to tap into the growing crypto “Learn-to-Earn” sector. Reflecting its growing adoption in the crypto market, 99Bitcoins recently achieved over $1.4 million in funding.
1. Loopring (LRC)
Loopring centralizes order management while executing trades directly on the blockchain. Unlike conventional DEXs, it combines multiple orders into circular trades. This breaks the limitations of one-to-one trading pairs. This approach not only enhances the efficiency of order execution but also significantly improves liquidity.
Furthermore, the Ethereum-based token powers an open protocol for decentralized crypto exchanges. It also tackles the pitfalls of centralized exchanges, including custodial risks and transparency issues. It does this by introducing a hybrid model blending elements of both centralized and decentralized exchanges.
However, how does Loopring ensure robust security across its network? The protocol operates on Ethereum and Neo blockchains, using their respective hash functions for security. It also plans to integrate the Qtum blockchain, expanding its network and enhancing security.
LRC’s price today is $0.2848, with a 12.59% surge in the last seven days. Over the past thirty days, it increased by 5%, trading 8.52% above the 200-day SMA of $0.268775. With a 14-day RSI of 49.93, its momentum stands at a crossroads, neither tipping towards overbought nor oversold territory. Among the last 30 days, 12 were positive, displaying a low volatility of 4%.
2. Telcoin (TEL)
Telcoin simplifies the creation and distribution of user-owned financial products. It does this through telecom channels, reducing risks associated with traditional finance. The token strategically connects decentralized finance with mainstream usage.
With over 5 billion mobile users worldwide, Telcoin enables easy financial access. It helps make global finance more accessible and rewards both telecom companies and users, making services faster and cheaper. Telcoin also leads in user-owned solutions using DeFi principles, surpassing traditional banking.
The recent increase in TEL’s value by 23% in thirty days shows growing confidence in the market. It rose 116.67% in the past year and is trading well above the 200-day SMA. Despite the challenges in liquidity faced by many crypto, Telcoin has remained stable with a 10% volatility rate over 30 days.
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— Telcoin (@telcoin) May 22, 2024
Furthermore, the token has a market dominance of 0.02%. A low volume-to-market cap ratio of 0.0022 demonstrates Telcoin’s strength in the market. Meanwhile, 25/30 green days and a bullish sentiment prove the token’s potential in decentralized finance.
3. The Graph (GRT)
The Graph has experienced a bullish momentum recently. The token added approximately 2% to its value within the past 24 hours. Its 20-day Exponential Moving Average (EMA), currently at $0.29, confirms an upward trajectory.
Furthermore, GRT has recently experienced a 9.70% increase over the last week. This price surge aligns with a broader market recovery. Technical analysis suggests the token has entered a bullish phase, surpassing the $0.3 threshold. Analysts maintain a positive outlook, anticipating further growth towards the $0.4 mark.
Meanwhile, the Relative Strength Index (RSI) has risen positively, signalling bullish potential. The token has demonstrated a positive year-to-date price movement, witnessing a substantial increase of 178.91%. Also, Graph has performed favourably compared to its initial token sale price by 486%.
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— IoTeX Developers (@iotex_dev) May 22, 2024
Moreover, the token’s recent performance suggests a positive outlook for investors seeking opportunities in the cryptocurrency market. As demand for AI projects like The Graph increases, especially after the AI boom, investors are presented with opportunities to engage in the market and explore its potential.
4. 99Bitcoins (99BTC)
99Bitcoins launched its cryptocurrency, the 99Bitcoins token (99BTC). The token rapidly raised over $790k hours into its presale. This development demonstrates the tokens’ potential. Moreover, investors still have the opportunity to purchase tokens at the initial price of $0.00102, although rates are expected to increase over time gradually.
Moreover, a presale limit of $10.3 million incentivizes investors to acquire discounted 99BTC tokens before the price increases. These tokens fuel the Learn-to-Earn platform, where users are rewarded for learning about cryptocurrencies. As funding milestones are achieved, the price of 99BTC gradually increases.
Furthermore, the innovative Learn-to-Earn concept incentivizes users to educate themselves about cryptocurrency, providing benefits to token holders. Also, 99Bitcoins intends to enhance the learning experience by gamifying Bitcoin education. Users who complete challenges and lessons earn higher rankings and $99BTC tokens as rewards.
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— 99Bitcoins (@99BitcoinsHQ) May 3, 2024
Conversely, the project explores the potential effect of Bitcoin halving events and has attracted a broad audience across various platforms. The token distribution allocates 10.5% for presale, 14% for staking rewards, and portions for development, community rewards, liquidity, and marketing.
Subsequently, the token has launched a giveaway on its platform. Participants can win free Bitcoin from a $99,999 BTC prize pool, with over 4,000 entries. Also, token holders participating in the presale can benefit from holding 99Bitcoins tokens.
5. Liquid Staking Derivatives (LSD)
Liquid Staking DDerivativesoffers a unique approach to staking by maintaining liquidity through derivative tokens. These tokens let you keep earning passive income while exploring other DeFi opportunities. Staking protocols typically offer passive income, but they lock up your assets.
Liquid Staking Derivative trades at $0.02636 today. Despite a modest 3.93% increase in price over the last 24 hours, LSD has seen a remarkable 76.76% increase over the past seven days. The token trades above its 200-day SMA and has posted 25 green days in the last 30.
LSD reached its highest price of $2.25 on March 5, 2023, and its lowest price of $0.006465 on September 8, 2023. This wide range of price movements shows the token’s volatility. Despite recent price drops, its strong performance over the past week and significant trading activity suggest a growing interest and potential for future growth.
Over the previous week, LSD has outperformed the global cryptocurrency market by 7.80% and similar Ethereum Ecosystem cryptocurrencies by 12.70%. This impressive performance highlights LSD’s potential in the market. Investors are bullish on the token due to its remarkable performance.
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