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Bitcoin struggled to surpass the $70,000 mark, and experts link this situation to the dollar currency index (DXY). Per analysis, DXY has increased significantly over the past two months, highlighting the inverse relationship between the DXY and Bitcoin’s price movements.
Despite the DXY’s notable rise since September, Bitcoin managed to maintain its value and avoided a sharp decline. However, it has not experienced the upward momentum that many in the cryptocurrency community had hoped for. The current projections suggest that Bitcoin may soon experience a rally, especially as the DXY approaches overbought territory. In light of this, investors are searching for affordable tokens, particularly the best cheap crypto to buy now under 1 dollar.
5 Best Cheap Crypto to Buy Now Under 1 Dollar
Fantom (FTM) is currently trading at 0.6828, reflecting a 4.98% increase in the past 24 hours. Jasmy is priced at 0.017958, which indicates a 3.13% rise over the same period. Meanwhile, Kaia’s mainnet is now live on The Graph’s Subgraph studio, allowing developers to build subgraphs for the Kaia project.
StarkNet, a decentralized validity rollup, functions as a Layer 2 (L2) solution on the Ethereum blockchain. Additionally, Flockerz, a newly introduced decentralized meme coin, has swiftly gained popularity, amassing $1 million shortly after launching its presale. Despite its strengths, Bitcoin faces challenges, particularly concerning the ongoing decline in the copper-gold ratio.
1. Fantom (FTM)
Fantom (FTM) is currently priced at 0.6828, marking a 4.98% increase in the last 24 hours. Over the past year, the token has climbed 188%, outperforming 77% of the top 100 cryptocurrencies. Notably, Fantom has also outpaced both Bitcoin and Ethereum.
Presently, FTM trades above its 200-day simple moving average (SMA), sitting 62.63% higher than the SMA level of 0.4200. This trend points to a steady performance, especially in relation to its initial token sale price. Additionally, Fantom demonstrates high liquidity for its market cap, adding stability to its trading activity.
In the past month, Fantom has shown consistent movement, recording 15 green days out of 30, or about 50%. During this period, price volatility has remained around 5.51%. Moreover, current forecasts suggest the price could increase by 3.42%, reaching 0.6941 by November 27, 2024.
Market sentiment around Fantom remains neutral, with the Fear & Greed Index reflecting a “greed” level of 69. Given this outlook and Fantom’s technical indicators, it may be a reasonable time for investors to consider buying.
2. JasmyCoin (JASMY)
Jasmy is currently priced at 0.017958, showing a 3.13% increase over the last 24 hours. Despite this recent growth, the price prediction sentiment remains bearish. The Fear & Greed Index registers at 69, indicating a sentiment of greed among investors.
Over the past year, Jasmy’s price has risen by 377%, outperforming 86% of the top 100 cryptocurrencies. It has also outpaced both Bitcoin and Ethereum in performance. Additionally, it is trading well above the 200-day simple moving average (SMA), currently at 282.88% above the SMA of 0.00469. High liquidity based on market cap further supports its robust market position.
In October, a reversal of the previous month’s decline of -27.39% is expected. Projections suggest a trading range between 0.017967 and 0.061106, with an average price of 0.036342. This would represent a potential 46.80% increase compared to the previous month and could offer an estimated return on investment of 239.91% for investors.
3. The Graph (GRT)
Kaia’s mainnet is now accessible on The Graphs’Subgraph’s studio, enabling Kaia developers to create subgraphs. As a result, this supports efficient and responsive frontends for their decentralized applications. This integration streamlines dApp performance, offering developers more options within Kaia’s ecosystem.
Currently, The Graph (GRT) is priced at 0.155 with a 24-hour trading volume of 72.06 million and a market capitalization of 1.48 billion. This represents a 0.06% share of the crypto market. Over the past day, GRT’s price has increased by 1.5%. Despite this gain, overall sentiment for GRT remains bearish, though the Fear & Greed Index shows a “Greed” score of 69, indicating positive investor behavior.
Kaia 🤝 The Graph@KaiaChain mainnet is now available in Subgraph Studio ✨
Kaia devs can now build subgraphs and use them to create fast, performant frontends for their dapps ⚡
Start building now ⬇️https://t.co/my4sxyd0wF pic.twitter.com/abmmqb5d0U
— The Graph (@graphprotocol) October 28, 2024
Over the past year, The Graph’s price has grown by 50%. It is now trading 32.27% above its 200-day simple moving average of 0.117, showing stable liquidity relative to its market cap.
For October, The Graph’s expected trading range lies between 0.155 and 0.53, with an anticipated average of approximately 0.315. This would represent a potential 69% increase from the previous month, offering a return of up to 241.43% for investors.
4. Starknet (STRK)
StarkNet, a permissionless decentralized Validity-Rollup (or ZK-Rollup), operates as a Layer 2 (L2) solution on Ethereum. Designed for scalability, it allows decentralized applications (dApps) to expand their computational capabilities without sacrificing Ethereum’s security or composability. StarkNet achieves this using STARK, a cryptographic-proof system known for its security and scalability.
Built with Cairo, StarkNet Contracts and its operating system support versatile deployment and scaling needs and are adaptable to a variety of business logic requirements.
A recent development sees GoraNetwork extending its multi-chain oracle services to both Base and StarkNet. This expansion strengthens StarkNet’s ecosystem, which has made notable strides in performance. For instance, its transaction capacity has grown tenfold this year, now reaching around 500 transactions per second (TPS), translating to a daily capacity of over 43 million transactions. Transaction fees have also significantly dropped to an average of $0.002, down from over $1 at the start of the year, making 500 transactions achievable for just $1.
This week is all about Flippy Flop.
Last week was all about building and shipping.
Here are all the latest updates from the Starknet ecosystem 🧵👇 pic.twitter.com/UfWtIlPs12
— Starknet 🐺🐱 (@Starknet) October 28, 2024
The STRK token, currently valued at $0.377997, has shown minor positive movement, with a 1.24% rise in the last 24 hours. Predictions for November suggest a possible upward trend, with STRK potentially reaching $1.497633, fluctuating within a projected range of $1.163919 to $1.776674. If these projections hold, investors could see gains as high as 369.63% from current levels.
5. Flockerz ($FLOCK)
Flockerz, a newly launched decentralized meme coin, has quickly gained traction, raising $1 million shortly after its presale began. This swift fundraising start highlights notable initial support from investors, likely due to the growing appeal of decentralized meme projects. During the presale, participants gain access to discounted token prices. However, these prices will gradually increase as the initial coin offering (ICO) progresses. The current price of $FLOCK tokens is $0.0058628, but this will rise soon.
In addition to discounted purchasing, early investors can also stake their tokens. This staking offers an initial annual percentage yield (APY) of 1,520%, which is set to decrease as more participants join the staking pool.
Flockerz is also gaining visibility on social media, where its community is growing steadily. The project currently has over 2,800 followers on X (formerly Twitter) and 1,500 members on its Telegram channel. These channels serve as hubs for announcements and updates, further engaging interested investors. Analysts have expressed interest in Flockerz’s potential.
🥂We're toasting to $1M! 🥂
Along with this mega milestone comes BIG news.
🔥TELEGRAM OPENS IN 3 DAYS!🔥
⌛October 26th at 15:00 CET. https://t.co/4cM18DEytN⌛ pic.twitter.com/o5vz6Nkfrb
— Flockerz (@FlockerzToken) October 23, 2024
An additional feature of Flockerz is its “Vote-to-Earn” model, a key component of its decentralized autonomous organization (DAO) approach. Through this DAO, $FLOCK holders can vote on key project decisions and receive rewards for their involvement. To bolster investor confidence, Flockerz has obtained smart contract audits from Coinsult and Solid Proof, enhancing the project’s security measures.
Meanwhile, investors can use ETH, BNB, or bank cards to participate in the Flockerz presale. The process is straightforward. It involves connecting a wallet on the project’s website, selecting the desired quantity of $FLOCK tokens, and choosing a payment option.
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