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Banks in Asia, North America, and Europe are gearing up to execute live transactions using SWIFT for digital asset and currency transfers. These live trials represent a significant step toward broader mainstream adoption of digital currencies and assets.
Crypto analyst Lark Davis shared on X that the market is poised for a shift in sentiment, advising traders and investors to monitor key market indicators instead of focusing on the recent downturn. He also highlighted that with the U.S. elections just 33 days away, the Federal Reserve is likely to reduce interest rates by another 50 basis points before the end of the year. In light of this, investors are searching for affordable tokens, particularly the best cheap crypto to buy now under 1 dollar.
5 Best Cheap Cryptocurrencies to Buy Under 1 Dollar
Beam (BEAM) is currently priced at $0.016364, marking a 7.73% rise in the past 24 hours. Nervos Network (CKB) is gaining attention for its focus on blockchain interoperability and its multi-layered design that enables decentralized applications (dApps).
Meanwhile, Dogecoin has attracted interest due to whale activity, with large holders accumulating 1 billion DOGE during a broader market downturn. Flockerz has raised over $408,000 in its ongoing presale, branding itself as “The People’s Meme Coin.” StarkNet (STRK) is trading at $0.376452, up 4.61% over the last day. Additionally, Bitwise has filed with the SEC to introduce an XRP ETF.
1. Beam (BEAM)
The current price of Beam (BEAM) stands at $0.016364, reflecting a 7.73% increase over the last 24 hours. Notably, Beam has experienced 17 “green days” in the past 30 days, which means that its daily closing price exceeded its daily opening price 57% of the time. With high liquidity relative to its market capitalization, Beam is showing promising movement. As of October 4, 2024, at 06:32, the overall market sentiment for Beam remains neutral, though 14 technical indicators are signaling bullish trends.
Looking ahead, Beam is expected to remain steady, with the price forecast for October 5, 2024, predicted to remain unchanged at $0.015374. However, the price is projected to rise throughout the week, potentially reaching $0.017278 by October 7, 2024, marking a 12.39% increase. For the following week, Beam may continue its upward trend, with a possible high of $0.021578 by October 14, 2024, representing a 24.88% gain.
.@BattleBears is launching on Sphere 🏐
With over 40 Million downloads, the Battle Bears game franchise continues to entertain and build friendships around the world🧸@Immutable zkEVM launch = @BuildOnBeam family🌈
Game on 🧵⬇️ pic.twitter.com/2ttKGT9uMm
— Beam (@BuildOnBeam) October 3, 2024
Beam’s recent price action suggests moderate optimism, with short-term forecasts indicating gradual price increases over the next several days. The neutral market sentiment, combined with bullish technical signals, makes it an asset worth monitoring for further developments.
2. Nervos Network (CKB)
Nervos Network (CKB) presents itself as a promising blockchain with a strong focus on interoperability and a layered structure that supports decentralized application (dApp) development. Its native token, CKB, plays a crucial role in the ecosystem, primarily being used to cover transaction fees and store data on the blockchain. This makes it a valuable resource for developers seeking a scalable and secure platform.
One of Nervos’ key features is its interoperability protocol, allowing it to integrate with multiple blockchains. This cross-chain compatibility is a highlight, as it opens up more opportunities for seamless interaction between networks. Additionally, the network operates on a dual issuance model. This includes both rewards for miners and a “state income” system, which contributes to the project’s long-term sustainability.
Innovation begins with common knowledge!
Join the CKB community at CKCON on November 9th, in Chiang Mai Thailand! pic.twitter.com/COm0sdx15F
— Nervos Foundation (@RunningCKB) September 30, 2024
In the past month, Nervos has experienced 17 green days, reflecting consistent positive price movement in 57% of that period. Overall, Nervos Network’s combination of technical features and recent market performance indicates its potential for long-term viability.
3. Dogecoin (DOGE)
Recent activity by Dogecoin whales has drawn significant attention. They have acquired 1 billion DOGE amid a broader market selloff. This substantial purchase aligns with a 4% rise in Dogecoin’s price. It suggests potential optimism among large-scale investors despite ongoing market volatility driven by geopolitical tensions.
Analysts believe the timing of these acquisitions during a market dip indicates a strategic approach. These investors may be seeking to secure large positions at lower prices. Additionally, high-volume traders recently bought over 1.4 billion DOGE, valued at $176 million. This further increases speculation and interest in the market.
Currently, the price of DOGE stands at $0.107988, marking a 3.48% increase in the last 24 hours. Despite these gains, forecasts suggest it may not be an ideal time to buy. Dogecoin has experienced price volatility, recording 17 out of 30 green days with 8.04% fluctuations in the past month. While whale activity has influenced price recovery, the market remains unpredictable. Caution is advised.
4. Flockerz ($FLOCK)
Flockerz ($FLOCK) introduces a fresh concept to the meme coin space, blending decentralized governance with community-driven rewards. With over $408,000 raised in its ongoing presale, Flockerz positions itself as “The People’s Meme Coin.” It aims to foster a participatory experience through its unique vote-to-earn system.
Beyond governance, the project offers significant staking incentives. A portion of the total supply, specifically 25% (or 3 billion tokens), is reserved for staking. Participants can earn a substantial yield of 5127%, which incentivizes long-term holding. This could help reduce token circulation, potentially contributing to price stability.
The flock is flying high! We’ve officially crossed $300K! pic.twitter.com/MsLc5PeoyX
— Flockerz (@FlockerzToken) September 28, 2024
Out of the total supply of 12 billion $FLOCK tokens, 2.4 billion (20%) are available for presale at a starting price of $0.0057012 per token. This price is expected to rise as the project moves to its next funding phase. Another 20% is earmarked for marketing efforts, aiming to boost visibility and secure exchange listings. Additionally, 10% is set aside for liquidity on exchanges, while 25% goes to the DAO treasury for further development. Flockerz presents an interesting mix of decentralized governance and community rewards, positioning itself as a project with long-term engagement in mind.
5. Starknet (STRK)
StarkNet (STRK) is priced at $0.376452, reflecting an increase of 4.61% over the past 24 hours. Notably, the asset has recorded 17 days, or 57% of the time in the last 30 days, where the daily closing price exceeded the opening price. This indicates a generally positive performance. Additionally, StarkNet shows high liquidity relative to its market capitalization.
Furthermore, price predictions suggest a mixed outlook for StarkNet. For tomorrow, October 5, 2024, the price is expected to remain stable at $0.374871. In the following days, there are projected increases: on October 6, the price may rise to $0.395081, reflecting a 5.39% change. Subsequent predictions indicate a further increase to $0.421108 on October 7 (12.33% change), $0.452896 on October 8 (20.81% change), and potentially reaching $0.488319 on October 9 (30.26% change).
The first stage of STRK staking, an important step towards Starknet’s full decentralization, is just a few weeks away.
During this initial phase, you will be able to:
> Become a validator: To do this, you'll need to stake a minimum of 20k STRK. Validators are also expected to… pic.twitter.com/eQb0idO1QU— Starknet 🐺🐱 (@Starknet) October 4, 2024
In terms of long-term projections, the current analysis suggests a possible increase of 228.56%, bringing the price to $1.231689 by November 3, 2024. However, it is important to note that technical indicators currently indicate a bearish sentiment, with the Fear & Greed Index showing a value of 41, which signifies fear in the market. Overall, StarkNet experienced 17 out of the last 30 days with positive price movements and has shown a volatility of 7.62% over this period.
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