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The cryptocurrency market is experiencing significant activity as Bitcoin edges closer to the $100,000 milestone. Historically, a rise in Bitcoin’s price has often sparked gains among alternative cryptocurrencies, and the current trend appears to follow this pattern. Since earlier this month’s U.S. Presidential election boosted overall market sentiment, Bitcoin has surged by 46.58% over the past 30 days.
Altcoins also perform strongly, with many posting gains on daily and weekly charts. For instance, Decentraland’s MANA has risen by 18.02% in the past 24 hours, reaching $0.6068. Similarly, Notcoin has gained traction among traders after breaking out of a falling wedge pattern, recording a 12.08% increase in the same time frame. As more altcoins exhibit positive momentum, investors closely monitor the market to identify the best cheap cryptos to invest in now under 1 dollar.
5 Best Cheap Cryptos to Invest Now Under 1 Dollar
Starknet has rolled out version 0.13.3 to address the increasing demand for Ethereum blobs. At the same time, Catslap has joined forces with Best Wallet, granting it access to a user base exceeding 60,000, potentially expanding its reach. SEI has demonstrated impressive growth, with its value climbing by 76.69% over the past month.
Meanwhile, concerns have emerged from State Street about Bitcoin’s recent surge. The institution believes that the cryptocurrency rally might be drawing attention away from investments in gold, traditionally viewed as a safe haven.
1. Decentraland (MANA)
Decentraland (MANA) is a virtual reality platform powered by the Ethereum blockchain. It enables users to create, experience, and monetize content and applications, catering to content creators, businesses, and individuals exploring new artistic mediums, business ventures, or entertainment options.
The platform operates under a decentralized autonomous organization (DAO) structure, allowing MANA token holders to influence governance. Token holders can propose and vote on key decisions, such as policy updates, LAND auctions, and content regulations within the Metaverse.
At the time of analysis, MANA is priced at $0.6068, reflecting an 18.02% increase in the past 24 hours. The token trades well above its 200-day simple moving average (SMA) of $0.347, marking a 72.61% premium over this benchmark. Current sentiment around the token is bullish, supported by the Fear & Greed Index, which stands at 80, indicating extreme greed.
Over the past month, the cryptocurrency has demonstrated notable consistency, with 18 positive trading days out of 30, or 60%. Its market liquidity is strong relative to its market capitalization, making it a more stable trading option. Nevertheless, the 14-day Relative Strength Index (RSI) sits at 66.13, suggesting that the token is neither overbought nor oversold, which could lead to sideways movement in the near term.
2. Notcoin (NOT)
Notcoin has recently garnered attention in the cryptocurrency market following its breakout from a falling wedge pattern. This bullish technical setup, paired with two weeks of price consolidation, suggests the potential for upward movement. Analysts are projecting a price target of $0.12, representing a 76.25% increase from its current value of $0.00904.
The breakout has improved sentiment around NOT. If the token successfully overcomes intermediate resistance levels, it could attract more interest from traders and investors. Technical indicators also support this positive outlook, further bolstering confidence in its upward potential.
Moreover, Notcoin’s price has risen by 12.08% in the past 24 hours. Its market cap stands at $923.08 million, with a 24-hour trading volume of $1.63 billion, resulting in a liquidity ratio of 1.7651. These metrics suggest strong market activity and sufficient liquidity, which could sustain further price movements.
3. Starknet (STRK)
The first phase of STRK staking integration is now underway. Deployment of the system on the Starknet Mainnet is in progress and is expected to be completed within a few hours. Moreover, validators can integrate with the staking contract starting 25 November.
For users interested in delegation, the necessary user interfaces and decentralized applications are expected to go live by Tuesday, 26 November. In another development, Starknet has introduced version 0.13.3, aiming to address the rising demand for Ethereum blobs. This update reduces blob gas prices by five times and is currently operational on the Testnet, with deployment on Ethereum’s Mainnet anticipated soon.
These developments appear to have positively impacted the STRK token, currently valued at $0.6103. This reflects a 3.18% increase over the past 24 hours, with the token trading near its cycle high. The 24-hour volume-to-market-cap ratio is 0.4244, indicating reasonable liquidity relative to its market capitalization.
Market sentiment for STRK remains optimistic, with the price prediction outlook bullish. The Fear & Greed Index is 80, indicating “Extreme Greed.” The ongoing upgrades and market activity suggest significant development and engagement within the Starknet ecosystem.
4. Catslap (SLAP)
Catslap combines the entertainment of internet cat videos with blockchain technology by offering a game where players earn points by slapping animated cats. The project introduces a unique gamified element that encourages community participation, including boosting their country’s position on a global leaderboard called the Slapometer.
LFG $SLAP Army! 😼
Over 2 million slaps and 2000+ HODLers. Pamp it! pic.twitter.com/AmqQ6gXl01
— CatSlap (@CatSlapToken) November 23, 2024
The token launched on the Ethereum blockchain through a fair launch on Uniswap, ensuring equal access for early investors. Within 30 minutes, trading volume surged to $500,000, and SLAP soon gained traction by trending on platforms like DexTools. The fair launch and capped supply of 9 billion tokens were key milestones for the project.
Half of the supply is locked for 60 days to provide liquidity on Uniswap, aiming to stabilize the token’s price during its early phase. The remaining tokens are allocated for staking rewards, community initiatives, and development efforts.
Moreover, Catslap’s team emphasizes a long-term approach, with team allocations vested over ten years. The project has also partnered with Best Wallet, granting exposure to over 60,000 users, which could potentially expand its reach. Additionally, influencer endorsements and partnerships are expected to boost visibility.
At the time of writing, SLAP is trading at $0.004819 with a market capitalization of $43 million. It has recorded a 24-hour trading volume of $4.61 million from 2,454 transactions. However, the token has experienced a 24.83% price dip intraday, reflecting the volatility common in early-stage projects.
5. Sei (SEI)
Sei (SEI) is a Layer 1 blockchain that integrates Ethereum’s development standard with the performance of Solana. Its recent V2 update introduced the first parallelized EVM, aiming to improve scalability within the Ethereum ecosystem while offering faster transaction speeds than Solana.
In the past month, SEI’s price has increased by 76.69%, currently trading at $0.6586 after a 16.99% rise in the last 24 hours. The trading volume is $2 billion, with a volume-to-market cap ratio of 1.3323, indicating strong liquidity relative to its market size.
If you’re not on Sei yet, you’re missing out.
This week has been nothing short of incredible—with growth in daily active users, on-chain activity, and exciting new deployments driving the ecosystem forward.
Here’s what you might have missed 👇
🔴 Degensgiving: Tonight at 7PM,… pic.twitter.com/bJxKnKGvqz
— Sei 🔴💨 (@SeiNetwork) November 22, 2024
Furthermore, SEI has recorded 15 green days in the last 30, reflecting a balanced market performance. Its 14-day Relative Strength Index (RSI) stands at 48.79, suggesting neutral momentum, with no clear overbought or oversold conditions. The Fear & Greed Index for the cryptocurrency market is 82, indicating high investor optimism and potential volatility.
Predictions for November suggest SEI’s price could range from $0.620 to $2.15, with a potential increase to $1.24 as a midpoint estimate. If realized, this would represent a 224.65% gain for those buying at current prices. December forecasts suggest a trading range of $2.10 to $2.91, with an average price of $2.50, potentially leading to a 340.12% return if predictions hold.
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