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El Salvador has significantly shifted its fiscal strategy, as President Nayib Bukele announced that the country will no longer depend on external debt to finance its budget. Since Bukele took office, the nation has incorporated Bitcoin into its economic framework. On September 7, 2021, it officially became the first country to adopt Bitcoin as legal tender.
At the same time, crypto analyst Dan Gambardello has expressed optimism regarding Bitcoin’s weekly chart, pointing to a bullish consolidation pattern that could trigger the next market rally. He also emphasizes several forthcoming events that may play a key role in driving this potential upward movement. Hence, 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) has seen significant price action, with a 15% rise over the past week, now trading at $0.516. Meanwhile, Reef has made strategic advancements on multiple fronts. Over the past year, Celo has achieved significant milestones, registering 208 million transactions and experiencing 119% growth year-over-year.
To address DeFi fragmentation caused by the increasing number of blockchains, Osmosis has launched the Polaris portal. The Mega Dice (DICE) presale has attracted substantial attention, raising $1.86 million. Meanwhile, Bitcoin has fallen back to $57,000 following a weekend rally.
1. Fantom (FTM)
Fantom (FTM) has experienced notable price movement recently, rising by 15% last week and currently trading at $0.516. Over the past 24 hours, the token has managed a 0.33% increase, showing resilience against the broader market downturn. This upward trend positions FTM as a key player in the cryptocurrency space.
One of the driving forces behind Fantom’s growth is its expanding role in the DeFi sector. Its ecosystem enables developers to create decentralized applications (dApps) with low transaction fees, typically around $0.01. As a result, this has attracted significant attention, particularly from large investors and crypto whales.
Furthermore, Fantom has consistently outperformed 80% of the top 100 cryptocurrencies over the past year, surpassing Bitcoin and Ethereum in performance. Currently trading above its 200-day simple moving average, FTM provides a strong signal to long-term holders.
2. Reef (REEF)
Last week, Reef made several strategic developments across multiple fronts. A DAO protocol developer began work on Monday, and the team had an introductory meeting with the Chief Business Development Officer of a chain-agnostic CeFi and DeFi aggregator. They also met with a centralized exchange (CEX) representative to discuss listing $REEF and engaged with a CEX that already supports Reef, seeking to add Reef chain integration.
Reef initiated discussions with the team behind a popular wallet app about integrating the Reef chain with ongoing talks. Further, conversations are in progress with several fiat on-ramp providers to explore integration options, covering costs, timelines, and liquidity. Additionally, an agreement with a game development studio was drafted, and Reef committed to sponsoring and speaking at a blockchain event in Europe in Q1 2025.
On the partnership side, Reef signed agreements with a betting platform to integrate $REEF. An announcement is soon expected, and a bridge developer will be revealed shortly.
🪸 THIS WEEK AT REEF 🪸
Friday, September 13, 2024
– DAO protocol developer started work on Monday
– Had an introductory meeting with Chief Business Development Officer at a chain-agnostic CeFi and DeFi aggregator
– Met with representative from a centralized exchange about…— 🐠 Reef (@Reef_Chain) September 14, 2024
Reef is trading at $0.002482, reflecting a 6.52% increase in the last 24 hours. Year-to-date, Reef’s price has risen by 99%, outperforming 60% of the top 100 crypto assets. The token trades above its 200-day simple moving average (SMA) by 39.87%, with the 200-day SMA at $0.001793. Additionally, Reef has seen 20/30 green days, making up 67% of the period.
The token has shown strong price support at $0.0016, with the next target potentially being $0.0033 in the short term. Based on technical indicators, the general market sentiment remains bullish, and the price is forecasted to increase by 226.85%, possibly reaching $0.007876 by mid-October. However, the performance remains dependent on broader market trends, particularly Bitcoin’s stability, which influences sentiment.
3. Celo (CELO)
Celo has shown notable progress over the past year, recording 208 million transactions, a 119% year-over-year growth. This positions Celo among the top 10 blockchains in annual growth, reflecting its increasing adoption and usage. The blockchain is scaling Ethereum, offering practical, real-world solutions and driving a new digital economy.
Last week, Celo announced the launch of DZap on its network. This addition allows users to experience a user-friendly interface while benefiting from Celo’s mobile-first infrastructure, low transaction costs, and fast transaction finality.
Celo’s price is $0.449575, a 3% increase over the last 24 hours. In the past month, the price closed higher than it opened on 53% of the days, suggesting a mix of positive momentum. However, sentiment around Celo’s short-term price trend remains bearish.
4. Osmosis (OSMO)
Osmosis has introduced the Polaris portal, aiming to address the fragmentation in decentralized finance (DeFi) caused by the growing number of blockchains. As the crypto space expands, users are often required to manage multiple wallets and navigate complex transactions across different networks. Polaris seeks to simplify this process, providing a more seamless experience for DeFi participants.
Osmosis is priced at $0.431861, reflecting a 0.67% increase over the last 24 hours. Over the past year, the token’s price has risen by 30%, with 17 days in the previous month showing positive performance (57%). Technical analysis suggests a neutral sentiment, with 18 indicators signaling a bullish outlook.
Introducing Polaris – The Token Portal
All Tokens, All Chains, One App. https://t.co/phUAlDQcxQ
— Osmosis 🧪 (@osmosiszone) September 11, 2024
In terms of short-term predictions, Osmosis is expected to trade between $0.421898 and $0.587368 this week. If the price reaches the upper target, this would represent a 39.22% increase by September 23, 2024.
5. Mega Dice ($DICE)
The Mega Dice (DICE) presale has generated significant interest, as evidenced by the $1.86 million raised. A recent $20,000 contribution from a large investor has contributed to this growth, pushing the project toward the $2 million mark. With the current token price at $0.116056, many anticipate a price increase soon, especially as the presale nears its September 29 conclusion.
Mega Dice is a well-established platform in the crypto-gambling sector. It operates on the Solana blockchain and has around 10,000 active users. The platform sees a monthly betting volume of $50 million, placing it ahead of some competitors. It is unusual for a platform with this establishment level to hold a presale, which adds a unique aspect to the event.
The project offers staking with over 7 million tokens currently locked, promising an annual percentage yield (APY) of 296.3%. Additionally, 29% of the total token supply is staked, showing substantial user engagement.
Mega Dice has introduced a “Refer & Earn” program to attract more users, enabling participants to earn from referral spending. It has also launched a $2.25 million airdrop campaign, split into three phases. DICE token holders gain staking rewards tied to the casino’s revenue, which could be an attractive feature for potential investors.
BREAKING: $DICE Presale Extended by 1 More Week! 🚨
You heard it right—$DICE presale has been extended until September 29th, 8pm CET!
This is your final chance to get in on the leading #GameFi token on Solana before trading goes live! 🚀Buy now: https://t.co/Pk6R16oOKk 🚀
🗓️… pic.twitter.com/jIpIskAMpM
— Mega Dice Casino (@megadice) September 13, 2024
The platform also offers exclusive NFTs for VIP players and a 25% referral commission. It is easily accessible via Telegram, where users can connect their TON wallets using a bot. Meanwhile, more investors have time to participate in the Mega Dice presale, which has been extended by a week.
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