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The cryptocurrency market continues to experience significant volatility in May due to sentiment surrounding the Bitcoin Halving. BTC’s price has remained unpredictable for over a month, leading to sideways movement in the daily chart. As a result, investors may want to wait for a clearer signal indicating conviction among buyers to lead the 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
Mina is an innovative altcoin in the fast-evolving world of cryptocurrencies. As interest in decentralized finance (DeFi) grows, many traders are curious about MINA’s potential. One burning question is: Can MINA reach $1 before May ends?
This article will explore the factors that could influence MINA’s price, from market trends to investor sentiment. We will also look at other low-priced altcoins like Wormhole, Floki, and Oasis Network. By the end of this analysis, you will have a clearer understanding of their prospects for 2024.
1. Mina (MINA)
Mina integrates Ethereum’s account model and employs provers to ensure each block commits to the state. The platform leverages the Ouroboros Samasika proof-of-stake mechanism. Also, utilizing the decentralized bootstrapping from a genesis block enables it to optimize transaction processing speed.
Furthermore, it prioritizes efficiency by minimizing computational requirements. The project aims to establish a streamlined distributed payment system. It does this by leveraging zk-SNARKs for native verification from the genesis block and ensuring privacy and security.
Mina’s price is $0.811689, with a marginal 10.64% surge in the last seven days. Despite a 58% increase over the past year, it trades 42.84% above the 200-day SMA, indicating stability. Analysts predict the token will test the $1 mark within seven days.
🚨 Calling all node operators! 🚨
Node version 2.0.0, which contains the stop slots that will initiate the Berkeley Upgrade, has been released.
Node operators should upgrade to this version immediately in preparation for the upgrade!
Release notes:https://t.co/B3cFBA71af
— Mina Protocol (httpz) 🪶 (@MinaProtocol) May 23, 2024
With a neutral 14-day RSI of 46.98 and 50% green days in the last 30 days, Mina demonstrates balanced market dynamics. Its 30-day volatility remains at 4%, providing a stable trading environment. The liquidity stands strong with a unique volume-to-market cap ratio of 0.1105, offering a compelling prospect for investment.
2. Floki (FLOKI)
FLOKI is consistently trading above its 200-day SMI. It aims to introduce regulated digital banking accounts, including debit card rollout and staking services. The platform has established strategic partnerships with fintech entities licensed in several jurisdictions. These jurisdictions include Canada, Spain, Dominica, Australia, and the UAE to ensure compliance with regulations.
Furthermore, FLOKI also collaborated with payment networks such as VISA and Mastercard. These strategic collaborations ensure the widespread acceptance and usability of its debit cards. These cards will be issued in partnership with a Switzerland-based company regulated by the Swiss Financial Market Supervisory Authority (FINMA).
Moreover, FLOKI has burnt over $404,800 worth of FLOKI tokens within the past week. This strategy aims to reduce token supply, potentially driving its value up over time. Also, the market sentiment surrounding the token remains bullish, as evidenced by a Greed Index reading of 75.
GM #Floki fam ⚔
Let's kick off the week with passion and energy!
What are you most excited about in this last week of May? pic.twitter.com/9laMOw0cdd
— FLOKI (@RealFlokiInu) May 27, 2024
FLOKI has demonstrated a staggering 635.64% year-to-date increase. This surge propelled it to reach heights last witnessed in November 2021, falling only 8% short of its previous all-time high. Moreover, a subsequent price surge saw FLOKI increase by 18% in the last 24 hours and 55% over the previous week.
Meanwhile, it maintains stability around a robust support level. This indicates resilience against further price declines and hints at the potential for another round of substantial gains, potentially surpassing its previous peak. The positive trajectory of FLOKI is reinforced by an 8% uptick in trading volume over the past 24 hours.
3. Wormhole (W)
Wormhole has seen notable growth recently, with its current price of $0.584, marking a 3.35% increase in the last 24 hours. This positioned it among the top gainers in the market today. Over the past week, it has climbed by 7%, demonstrating strong momentum.
Analysts anticipate further gains as the month ends, with a projected target of $0.79. This surge in value is attributed to Wormhole’s increasing adoption. The coin is available in SPL on Solana and ERC-20 format on Ethereum and EVM L2s.
This expansion has contributed to its enhanced liquidity, reflected by its market cap and ranking. Currently, Wormhole has announced some partnerships to expand its ecosystem. It aims to remain relevant by incorporating more utility and rewarding its holders.
Wormhole's W token is now natively multichain using the Wormhole Native Token Transfers (NTT) framework 💥
Native W is now available in SPL format on @Solana and ERC20 format on @Ethereum, @arbitrum, @Optimism, and @buildonbase. pic.twitter.com/pwaJohYGXT
— Wormhole (@wormhole) April 25, 2024
Investors have displayed a positive sentiment about W. The Fear & Greed Index, which stands at 84 (Extreme Greed), suggests optimism in the market. Investors should consider adding the token to their watchlist in the coming days.
4. Mega Dice (DICE)
Mega Dice, an established casino, has raised over $1.2 million in its presale for the new $DICE token, which 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.
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 17,654,665 $DICE tokens, with 35% available in the presale.
We are temporarily suspending deposits, withdrawals, and gameplay with $DICE in our casino until Monday, 27 May 2024 at 7 PM UTC – due to an urgent issue that needs to be rectified.
During this period, $DICE will not be available as a deposit or withdrawal method.
Our presale…
— Mega Dice Casino (@megadice) May 24, 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. Oasis (OASIS)
Oasis is dedicated to offering users secure digital asset management solutions. The platform is committed to revolutionizing crypto trading and offers comprehensive features alongside top-notch security measures. It was developed to democratize digital economy access, helping users take control of their financial future.
Furthermore, the token trades at $0.0004016. Oasis is experiencing heightened market activity, reflecting a 55.70% increase from the last day. Consequently, the recent announcement regarding the launch of Oasis DEX has contributed to the token’s recent upswing. This rally signals an increased community trust and excitement.
Despite the recent global crypto market downturn, Oasis has outperformed with its 96.00% increase in the last seven days. This impressive performance positions Oasis ahead of other tokens in the Ethereum ecosystem today.
Moreover, today’s $OASIS trading value indicates a modest 0.866% increase in the last 24 hours. However, it reflects a significant 18% and 30% price increase in the last seven and thirty days, respectively. Consequently, the token holds great potential for investors who buy it.
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