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Crypto prices are seeing renewed momentum following days of uncertainty and falling prices. This resurgence is driven by positive sentiment and strategic buying. Consequently, our team at Insidebitcoins has curated a list of the top 5 best cheap cryptos to buy under 1 cent.
Furthermore, the unexpected turnaround is boosting investor confidence, with some suggesting it may signal the start of a new bullish phase. As the market recovers, it’s an opportune moment to consider the potential of these tokens. Our primary aim is to analyze these low-priced tokens to offer valuable insights for investors.
5 Best Cheap Altcoins To Buy Now
This article will analyze the factors significantly influencing Alchemy Pay’s market trends. We will also look at other low-priced altcoins like Liquid Staking Derivatives, Nervos Network, and Pepe. By the end of this analysis, investors will have a clearer understanding of their prospects for 2024.
Meanwhile, The Meme Games is generating waves in the crypto market as an engaging new meme coin with a meme-themed twist.
1. The Meme Games (MGMES)
The Meme Games leverage several gaming features, such as adventure, passion, competition, rewards, and unpredictability. The team builds on a strategic integration of memes’ virality and the Olympics, which has positioned the project to be recognized as the ‘official’ meme coin of the 2024 Paris Olympics.
The developers have ensured all characters have an equal chance of winning. This is done in such a way that it adds some layers of fun and unpredictability to the game. If a meme selected by a player wins, the player receives a 25% bonus on their MGMES tokens. Meanwhile, players can buy tokens numerous times and change their memes to boost their odds of winning.
It has raised over $353,000 at a modest $0.0092 per token. Also, staking MGMES tokens gives token holders an APY of 623%, although this rate reduces as the number of stakers increases.
Notably, The Meme Games presale runs simultaneously with the 2024 Paris Olympics. It has been structured to end on September 8 during the closing ceremony of the Paralympics. Also, the token will be launched on several DEXs on September 10, where its price is anticipated to explode.
2. Pepe (PEPE)
Recently, investors have shifted their attention from Bitcoin to meme coins such as Pepe. The token’s success is due in part to its adoption and liquidity. Pepe has gained significant traction with over 223,000 holders and around 2 million transfers.
Pepe’s price recently surged to $0.0000008477, fueling optimism among investors. This rise has raised expectations for continued growth. With its recent performance, the token’s goal of reaching a $6 billion market capitalization now appears more achievable.
Meanwhile, recent positive regulatory developments, including approving a spot Ether ETF, have boosted investor optimism. This approval facilitates institutional access to Ethereum investments, benefiting tokens such as Pepe.
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Pepe’s price has surged by 512% over the past year, currently trading at $0.0000008577. This marks a 14815.83% increase from the previous month. The token also trades above both its 50-day and 200-day SMAs. As Pepe’s upward trend continues, it is attracting more investors. This is typical when tokens hit all-time highs. The growing retail interest further boosts enthusiasm and investment in the project.
3. Alchemy Pay (ACH)
Alchemy Pay enables smooth transactions between fiat and cryptocurrencies globally for consumers, merchants, developers, and institutions. It offers payment solutions that integrate fiat and crypto for online and offline merchants. Currently, Alchemy Pay supports over 300 payment channels and operates in more than 71 countries. Through strategic partnerships with industry leaders like Shopify, QFPay, Binance, and NIUM, it has successfully onboarded over 2 million merchants to its platform.
An analysis of ACH’s price shows a strong daily trading volume, highlighting a positive market trend. Over the past 24 hours, the token has exhibited bullish behavior, trading at $0.01962, reflecting a 2.01% increase. It has established support at $0.0193 and has been forming higher highs and higher lows, signaling renewed bullish momentum.
The 7-day chart shows ACH trading above $0.018, maintaining a modest bullish trend. The bulls quickly reasserted control despite a brief dip below $0.017 due to bearish pressure. The recent increase in buying pressure suggests a positive outlook for investors.
.#AlchemyPay's Ramp Solution is now accessible on @Toobit_official
The ramp integration facilitates an easy and fast payment experience to buy & sell crypto with credit cards, mobile wallets, and bank transfers on Toobit platform.https://t.co/tLOBoeDEJA$ACH pic.twitter.com/0m9e97eJSp
— Alchemy Pay|$ACH: Fiat-Crypto Payment Gateway (@AlchemyPay) August 7, 2024
Overall, the analysis of ACH indicates that bulls are currently leading the market and may push prices higher in the coming days as long as they maintain support above key levels. If buyers continue this trend and surpass the resistance level, they could trigger a breakout, significantly enhancing the positive momentum.
4. Nervous Network (CBK)
The Common Knowledge Base drives CBK’s ecosystem. Its native token operates on the Proof-of-Work (PoW) consensus. This enables developers to build DApps that function seamlessly across multiple blockchain systems, bolstering scalability and security measures.
The open-source public blockchain project creates a peer-to-peer crypto-economy network where users can access secure blockchain services. It features a dual-layer architecture: the base layer (Common Knowledge Base) for consensus and smart assets and the transaction computation layer.
The CKB price is $0.08721, reflecting a 2.51% increase in the last 24 hours and a 187% surge over the past year. It is trading 128.38% above its 200-day SMA, which is $0.007369. The market stance is neutral, as indicated by a 14-day RSI 48.15.
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In the last 30 days, there have been 14 green days, or 37%. The 30-day volatility is at 7%, indicating relative stability. Nervos also has high liquidity, with a volume-to-market cap ratio of 0.1330.
5. Liquid Staking Derivatives (LSD)
Liquid Staking Derivatives present a unique approach to staking by preserving liquidity through derivative tokens. These tokens allow users to continue earning passive income while exploring other DeFi opportunities. Unlike traditional staking protocols, which typically offer passive income but lock up your assets, liquid staking derivatives maintain asset flexibility.
LSD reached a peak price of $2.25 on March 5, 2023, and its lowest point of $0.006465 on September 8, 2023, indicating substantial price volatility. Despite recent declines, its robust performance over the past week and substantial trading volume indicate increasing interest and potential for future growth.
Today, Liquid Staking Derivative (LSD) is trading at $0.01885. Over the last 24 hours, the token has experienced a modest 2.93% price increase while achieving a notable 7.56% surge over the past seven days. LSD is trading above its 200-day Simple Moving Average (SMA) and has recorded 27 positive trading days out of the last 30.
In the past week, LSD has outperformed the global cryptocurrency market by 9.80% and Ethereum ecosystem cryptocurrencies by 15.70%. This exceptional performance underscores LSD’s potential in the market, contributing to bullish sentiment among investors.
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