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The altcoin market appears to be on the verge of a notable rally, with various indicators hinting at the possible onset of a new altcoin season. Following a period of underperformance, several signs indicate that altcoins may be ready for a comeback. Traders and investors are closely monitoring developments, particularly as the Altcoin Season Index has reached its lowest level since early September, suggesting a potential change in momentum.
Additionally, the growing interest in themes related to artificial intelligence (AI) and memes, along with the potential breakout above critical resistance levels in the total cryptocurrency market cap is contributing to the optimism surrounding altcoins. In light of this, investors are searching for the best altcoins to invest in under 1 dollar. Hence, this article aids investors by providing select tokens worthy of consideration.
5 Best Cheap Cryptos to Invest Now Under 1 Dollar
Mina Protocol utilizes zk-SNARKs (zero-knowledge proofs) to improve privacy and security in its transactions. Pepe Unchained has achieved a notable milestone, exceeding $21 million in its presale, which highlights increasing interest from investors.
Currently, Wormhole (W) is priced at $0.299159, marking a 4.94% rise in the last 24 hours. Core functions as a Layer 1 blockchain that is fully compatible with the Ethereum Virtual Machine (EVM). Meanwhile, Bitcoin has increased by 9%, experiencing its strongest week in over a month.
1. Mina (MINA)
Mina Protocol employs zk-SNARKs (zero-knowledge proofs) to enhance privacy and security in transactions. This innovative technology enables users to verify information without disclosing sensitive data. Such features are particularly useful for applications that demand privacy, including smart contracts and digital identities.
As of today, the price of Mina Protocol stands at $0.606941, reflecting a 6.64% increase over the past 24 hours. Over the last year, the price has risen by 52%. Currently, MINA is trading above the 200-day simple moving average, with 19 out of the last 30 days marked by price gains, indicating a trend of 63% positive days. The token is approaching a cycle high of $0.636997.
Looking ahead, the current price prediction for Mina Protocol suggests a potential increase of 231.58%, with an expected price of $1.97651 by November 19, 2024. Technical indicators point to a bullish sentiment, supported by a Fear & Greed Index reading of 73, indicating a state of greed in the market. Over the last 30 days, the asset has shown a price volatility of 6.08%.
Last call for feedback on @EconsDesign Tokenomics proposal 🚨
So far, there have been lively discussions on:
+ Introducing a token locking mechanism
+ Excess rewards funding a protocol treasury
+ MoreChime in over the weekend – comments close Monday!https://t.co/JodtNUrfYz
— Mina Protocol (httpz) 🪶 (@MinaProtocol) October 19, 2024
In October 2024, analysts anticipate that the positive trend will continue. Last month, the price of MINA increased by 28.94%, and it is projected to remain strong this month. The expected trading range is between $0.596082 and $2.05, with an average monthly value of around $1.214274. This scenario suggests a potential return of 237.24% for investors.
2. Pepe Unchained (PEPU)
Pepe Unchained has recently reached a significant milestone by surpassing $20 million in its presale, indicating growing investor interest. This layer-2 meme coin aims to set itself apart from other projects in the cryptocurrency market.
Currently, the presale stands at $20.1 million, with daily contributions reaching hundreds of thousands. Investors can purchase PEPU tokens at a fixed price of $0.0112 using various payment methods, including ETH, USDT, BNB, and credit or debit cards. Following the presale, the team plans to list PEPU on an Ethereum-based decentralized exchange (DEX), with token claims expected to begin simultaneously.
In addition to liquidity, the team has allocated 10% of the total supply for marketing initiatives, which could further increase visibility and attract more participants. Notably, the project has conducted thorough audits of its smart contracts, with Coinsult and SolidProof reviewing the PEPU token and finding no major issues.
Pepe keeps on BUILDING!
$21M raised. Momentum increasing! 🐸🐸🐸 pic.twitter.com/3c8pvDEsvU
— Pepe Unchained (@pepe_unchained) October 20, 2024
Additionally, PEPU holders will have access to a “double staking” application, allowing them to earn cryptocurrency rewards with projected annual yields of around 107%. As of now, over 1.5 billion PEPU tokens have already been locked in staking. For developers, the team is offering grants to stimulate innovation on the Pepe Chain, with applications currently open. This initiative aims to foster new projects and expand the network.
3. Wormhole (W)
Wormhole (W) stands at $0.299159, reflecting a 4.94% increase over the past 24 hours. Additionally, the asset has recorded 17 days of positive price movement in the last month, indicating that the daily closing price was higher than the opening price on 57% of those days. This consistent performance suggests high liquidity based on its market capitalization.
Looking ahead, the market trend for October appears positive, following a substantial gain of 27.72% in September. The projected trading range for Wormhole in October is between $0.301182 and $1.02874, with an average expected price of $0.611083. This forecast implies a potential increase of 161.01% compared to the previous month, which offers investors a possible return on investment (ROI) of 244.04%.
🌐 @infinex_app leverages Wormhole Queries to streamline cross-chain asset recovery across all supported chains.
The integration enhances user security, as well as speeds up and broadens non-USDC fund recovery.
Read about the case study below ⤵️ pic.twitter.com/jZa9ca4kkj
— Wormhole (@wormhole) October 15, 2024
Furthermore, in December, Wormhole is expected to trade within a range of $0.751325 to $1.043905, representing an increase of 181.44% compared to today’s price. The average expected price for December is $0.841553, which suggests that investors could achieve a profit of 249.12% if the predictions hold.
4. Core (CORE)
Core operates as a Layer 1 blockchain that is fully compatible with the Ethereum Virtual Machine (EVM). This compatibility allows it to execute Ethereum smart contracts and decentralized applications (dApps). The network utilizes the “Satoshi Plus” consensus mechanism, which enhances security through a blend of delegated Bitcoin mining hash and delegated Proof-of-Stake (DPoS). CORE, the platform’s native token, underpins the entire protocol.
As of today, the price of Core is $0.98178, reflecting a 4.59% increase over the past 24 hours. Over the last year, the token’s value has risen by 151%, outperforming 63% of the top 100 cryptocurrencies, as well as both Bitcoin and Ethereum. Additionally, CORE is trading above its 200-day simple moving average (SMA), currently sitting at 40.09% higher than the 200-day SMA of $0.703124. Within the last month, there have been 15 days of positive price movement, indicating a healthy market trend.
Since June, Core’s TVL is up over 1,000%📈
BTCfi's potential is currently 200B+, and the #Coretoshis are in to unlock it. Are you in too, anon? pic.twitter.com/kVVjKBzUa8
— Core DAO 🔶 (@Coredao_Org) October 20, 2024
For November, projections indicate a continued upward trend, with expectations for the price to reach $3.95. The anticipated trading range is between $3.07 and $4.69. If investors acquire CORE at the current price, they could realize a substantial gain of 376.27% based on the predicted values.
5. Gala (GALA)
GALA trades at $0.023955, reflecting a 4.98% increase over the past 24 hours. This upward movement indicates a positive sentiment in the market, with a Fear & Greed Index reading of 73, suggesting a prevailing sense of greed among investors. Notably, GALA has experienced a significant price increase of 78% over the last year.
In the last 30 days, GALA recorded 16 days with closing prices above their opening prices, resulting in a 53% green day ratio. Additionally, the asset displays high liquidity relative to its market capitalization, further supporting its stability.
Recently, GALA has shown strong momentum, with a notable 20% increase in price. This blockchain-based gaming platform aims to provide players with greater control over their in-game assets. Unlike traditional Web 2.0 games, where developers retain ownership of assets, GALA allows users true ownership of their virtual items through NFTs.
Exciting news! GalaChain exchange news is coming soon, bringing seamless exchanges, gas-free transactions and more! Stay tuned for upcoming announcements.https://t.co/2w4I3kfgUy#Web3 #GalaChain #CryptoExchanges
— Gala Games (@GoGalaGames) October 20, 2024
Moreover, current price forecasts predict that GALA could rise by 227.21%, reaching approximately $0.079057 by November 19, 2024. While technical indicators reflect a neutral sentiment, the Fear & Greed Index remains high at 73. Furthermore, GALA has demonstrated a price volatility of 6.71% over the past month.
Update 2024 – Going forward, the only cryptocurrencies eToro customers in the United States will be able to trade on the platform will be Bitcoin, Bitcoin Cash and Ethereum.
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