Join Our Telegram channel to stay up to date on breaking news coverage
The cryptocurrency market has seen a significant recovery since the collapse of the FTX exchange in 2022. According to a recent report by Canaccord, the industry has experienced growth over the past year, spurred by the increased global adoption of digital assets.
Market analysts, including Joseph Vafi, noted that the crypto sector has transitioned from a post-FTX consolidation and recovery phase. Meanwhile, investors are searching for smart market positions. As such, this article curates the 5 best cheap cryptocurrencies to buy now under 1 Dollar.
5 Best Cheap Cryptocurrencies to Buy Under 1 Dollar
Over the past week, the TRON-based Sun token has experienced a significant upward trend, surging by over 40%. Meanwhile, Conflux has recently established several partnerships, positively influencing market sentiment. Additionally, Bitget Wallet, a leading global Web3 wallet with over 30 million users, has responded to the growing demand for memecoins. Meanwhile, Bitcoin has drifted back to $60,000, slightly reducing the week’s losses.
1. Sun (New) (SUN)
Over the past week, the TRON-based Sun token has charted a positive course, rallying by over 40%. Initially launched over four years ago, SUN Token was designed to emulate Bitcoin as a store of value.
However, it suffered a significant crash in 2021 due to supply hyperinflation. Since then, the token has shifted its focus to decentralized finance (DeFi) on the Justwap and Justlend platforms. With this renewed purpose, SUN aims for a $1 billion market cap.
Justin Sun’s strategy to enhance the network’s revenue, which he forecasts to exceed $4 billion next year, involves leveraging meme coins and adjusting network fees. The SunPump feature has quickly outpaced its Solana-based competitor, Pump.fun, in terms of tokens launched and daily revenue.
Sun Token’s recent performance reflects strong market interest and renewed utility, suggesting a promising future for its DeFi-focused strategy. This price increase underscores the potential for substantial gains in the evolving crypto market.
Since launch, Sun’s price has increased by 552%, outstripping 93% of the top 100 crypto assets. Furthermore, it trades 317% above the 200-day simple moving average of $0.008192. As of August 30, 2024, the general sentiment for Sun Token’s price prediction is bullish, with 26 technical analysis indicators signaling positive trends.
2. Conflux (CFX)
Conflux has recently formed several partnerships, positively impacting market sentiment. One significant collaboration is with Presto Labs, aiming to enhance staking capabilities and broaden market reach across Asia. This alliance aligns well with Conflux’s mission to connect decentralized economies worldwide and foster blockchain ecosystem growth.
Notably, the collaboration with Presto Labs is anticipated to facilitate entry into new markets and support innovative blockchain initiatives.
Additionally, Conflux has partnered with China Mobile’s Migu to introduce the first blockchain-powered video ringtone. This innovative product exemplifies the practical applications of blockchain technology.
News of Conflux’s partnership has triggered a positive market sentiment. CFX trades at $0.139235 at press time, rising by 4.41% in the last 24 hours. Despite this increase, market sentiment remains bearish, with a Fear score of 34.
📱🔗 Own the world's first blockchain-powered video ringtone with Conflux and China Mobile's Migu
Join over 1 billion+ monthly users with China Mobile to experience cutting-edge digital collections by Migu. Get ready for video RBTs, DIDs, and blockchain communication… pic.twitter.com/PDB6YPU6NZ
— Conflux Network Official (@Conflux_Network) August 21, 2024
However, experts predict Conflux will trade between $0.135532 and $0.152052 this week and potentially reach $0.152052 by September 2, 2024. This figure represents a possible increase of 12.19%. Overall, Conflux’s recent partnerships and price trends highlight the network’s innovative efforts and cautious optimism within the market.
3. Bitget Token (BGB)
Bitget Wallet, a prominent global Web3 wallet with over 30 million users, has embraced the rising demand for memecoins. The platform has added numerous memecoins from the TRON and BNB chain ecosystems, showcasing its dedication to offering users the latest market opportunities.
The wallet provides features that simplify the discovery of new tokens. Users can access detailed analytics, such as K-line charts and on-chain data, and execute trades with a single click. These functionalities streamline the trading process, making it more efficient—a crucial benefit in the volatile memecoin market.
Additionally, Bitget Wallet enhances transaction speed and cost efficiency. The instant mode reduces transaction times, doubling the speed to suit the fast-paced nature of memecoin trading. On the BNB chain, the “borrow Gas” function allows transactions without holding $BNB, while the $GASU option offers a zero Gas experience.
$HNT @helium USDT-M Futures is now available on #Bitget with a maximum leverage of 20x!
🚀 Trade now: https://t.co/9sFn3K7R53
— Bitget (@bitgetglobal) August 30, 2024
Following the recent news, Bitget Token (BGB) experienced a modest 1.8% intraday day increase, trading at $0.984313. Meanwhile, other technical indicators reflect a positive market trend. For instance, BGB is trading near a cycle high of $1.02524. Additionally, it is trading 114.24% above its 200-day SMA of $0.458521.
Overall, Bitget Wallet’s recent updates and features position it as a significant player in the memecoin market, offering users enhanced trading efficiency and market access.
4. TRON (TRX)
Tron (TRX) has recently surpassed Toncoin (TON) to become the 10th largest cryptocurrency by market capitalization. This shift follows the arrest of Telegram founder Pavel Durov and an increased interest in meme coins on the Tron network.
Tron has been performing well, with its price rising nearly 15% over the past month, according to CoinMarketCap. Furthermore, crypto analysts share a positive outlook, suggesting that the excitement around TRON meme coins will drive further price increases. Additionally, the founder of the TRON network highlighted the platform’s reliability, noting it has operated for seven years without significant issues or downtime.
Several factors contribute to Tron’s optimistic predictions. Firstly, it is trading above the 200-day simple moving average and has shown a strong performance compared to its token sale price. Moreover, in the past 30 days, Tron had 20 days where the closing price was higher than the opening price, indicating consistent positive momentum. Its high liquidity, relative to its market cap, further supports this positive outlook.
🎉 TRON DAO is honored to be voted the #1 most popular DAO! 🎉
We’re proud to make a global impact by providing cutting-edge technology and services, empowering communities around the world. 🌍 https://t.co/qgAJwz04FT
— TRON DAO (@trondao) August 29, 2024
Consequently, experts are now predicting that Tron could reach $0.20 by the end of October 2024. This forecast considers the network’s stability, recent performance trends, and growing market interest.
5. Pepe Unchained ($PEPU)
Pepe Unchained (PEPU) is garnering attention in the crypto sector. It aims to enhance the legacy of the original Pepe project. This new venture introduces innovations and improved efficiency within the cryptocurrency space, distinguishing itself as the first Pepe-themed token with its blockchain infrastructure.
The presale results show significant market interest, with PEPU tokens priced at $0.0093851 each. This price point is accessible, hinting at potential future growth. The presale has already raised over $11 million, with one day remaining before the next price increase. Investors can purchase PEPU tokens using ETH, USDT, or BNB, and the option to pay via bank card enhances accessibility for potential investors.
Pepe Unchained’s roadmap outlines a phased growth strategy post-presale, anticipating value appreciation as the project reaches key milestones. The approach blends technological advancements with strategic planning, appealing to a diverse range of investors in the meme coin market.
The distribution of Pepe Unchained’s 8 billion PEPU tokens follows a structured plan aimed at sustainable growth. Notably, 20% of the tokens are allocated for presale and another 20% for marketing efforts. This strategy focuses on generating early momentum and engaging a broad investor base. Additionally, the project features a staking option with an annual percentage yield (APY) of 179%, potentially attracting those interested in earning passive income.
Learn More
Newest Meme Coin ICO - Wall Street Pepe
- Audited By Coinsult
- Early Access Presale Round
- Private Trading Alpha For $WEPE Army
- Staking Pool - High Dynamic APY
Join Our Telegram channel to stay up to date on breaking news coverage
