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Bitcoin has initiated a bull run over the past two weeks, reaching a peak of $66,480, a level not seen since July. This two-month high for Bitcoin has had a positive impact on the wider altcoin market, with many cryptocurrencies recovering price levels that were last observed three months ago.
Meanwhile, altcoins are showing signs of stabilization, with a higher low pattern emerging, indicating reduced selling pressure. With key price floors now in place, altcoins appear to be entering a period of low-volume, range-bound trading. This could signal the start of a gradual upward trend for the broader altcoin market. Given these developments, investors are searching for affordable tokens, particularly the best cheap crypto to buy now under 1 dollar, which requires time and effort.
5 Best Cheap Cryptos to Invest Now Under 1 Dollar
Ripple is making significant strides in enhancing its blockchain infrastructure and expanding its market presence. The SEI Network has recently announced new ecosystem integrations aimed at improving blockchain capabilities. Currently, Beam is priced at $0.018614, marking a 2.18% increase in the last 24 hours.
Meanwhile, TRON (TRX) is trading at $0.155099, showing a minor decline of 0.05% over the same period. Additionally, Pepe Unchained ($PEPU) has attracted interest in the crypto market, successfully raising $16.4 million in its ongoing presale. In related news, Binance founder Changpeng Zhao is set to be released after serving a four-month prison sentence.
1. XRP (XRP)
Ripple is making notable progress in both its blockchain infrastructure and market presence. The SEC’s consideration of appealing a favorable court ruling for XRP introduces potential regulatory challenges. This could impact Ripple’s market position and the broader regulatory environment. Meanwhile, Ripple’s XRP Ledger (XRPL) is advancing with significant updates.
At the same time, Ripple is actively working on the launch of its new stablecoin, Ripple USD (RLUSD). This stablecoin, announced in early September, is intended to complement existing XRP tokens. It will operate across both the XRP and Ethereum blockchains. By offering this, RLUSD positions itself as an alternative to major stablecoins like USDT and USDC. This move could expand options for users in the growing stablecoin market.
Additionally, Ripple’s on-chain activity has intensified around RLUSD. For example, on September 28, the company minted 300,000 RLUSD in its Treasury. Ethereum blockchain explorer Etherscan revealed this. The minting event, highlighted by Ripple Stablecoin Tracker, sparked diverse reactions within the Ripple community. It further underscores the heightened attention around this new asset.
Don't miss your chance to join us on October 15-16 for #RippleSwell.
This year’s event at the Faena Forum in Miami offers exclusive insights and unmatched networking opportunities with leaders in payments, financial services, and blockchain.
Check out the full agenda covering… pic.twitter.com/VGpznb1ejA
— Ripple (@Ripple) September 24, 2024
Moreover, XRP’s market performance has been noteworthy. Over the past 24 hours, XRP saw a price increase of 4.86%, bringing it to $0.64658. The overall market sentiment remains bullish. The Fear & Greed Index shows a score of 61, indicating market participants are currently driven by greed.
2. Sei (SEI)
The SEI Network recently announced new ecosystem integrations that are set to improve the blockchain. Two yield-generating liquid staking tokens (LSTs), Seiyan ETH (sETH) and Super Seiyan ETH (ssETH), developed by Nucleus and Dinero, have now been integrated into the SEI ecosystem. While Nucleus operates as a network yield provider, Dinero functions as a yield framework for Ethereum.
In terms of financial performance, SEI’s Total Value Locked (TVL) has now reached $200 million, further reflecting the significant growth in the network’s DeFi offerings. After the successful launch of its V2 protocol, SEI’s TVL surged from $5 million in January 2024 to $200 million by September. This represents a 57.44% monthly increase in locked value over the last four months. Moreover, active user participation has grown by 244%, with daily active users rising to 65,000.
Another week of relentless growth for the Sei Ecosystem.
With new developments, community-driven initiatives, and fresh records in TVL and users, the momentum is unstoppable.
Here’s the weekly rundown 👇
Reminders:
🔴 Sei reaches a new ATH of 200 Million+ TVL!
Thank you to… pic.twitter.com/8UVBgUEzR0— Sei 🔴💨 (@SeiNetwork) September 27, 2024
Looking at SEI’s tokenomics, there is substantial potential for further growth. With 1.8 billion SEI tokens currently in circulation out of a total supply of 10 billion, there is considerable room for future expansion. The network plans to release 55% of its tokens over the next year, potentially driving even more development. As a result, analysts suggest SEI could experience significant gains in the DeFi and AI-driven altcoin sectors by 2025, with some projections indicating an 8–10x increase.
3. Beam (BEAM)
Beam is currently priced at $0.018614, showing a 2.18% increase in the past 24 hours. Over the last 30 days, it has recorded 17 green days, meaning the daily close was higher than the open price in 57% of cases. This positions Beam near its recent cycle high, reflecting positive market movement.
Meanwhile, the overall market sentiment for Beam is bullish, supported by 20 technical indicators signaling an upward trend. In the near term, the price is projected to increase steadily, with forecasts suggesting it will reach $0.018658 on October 1, $0.019634 by October 2, and $0.02089 by October 3. By October 5, the price could rise to $0.024133, representing a 29.34% increase.
Stay up to date about everything that's happening around the $MC to $BEAM Migration.
We previously shared our latest update. Almost the last one.https://t.co/PPzQjIcQwI
— Beam (@BuildOnBeam) September 29, 2024
Furthermore, Beam’s price is expected to continue climbing, potentially reaching $0.060009 by October 30, 2024, which would be a 221.62% increase. The Fear & Greed Index stands at 61, indicating a level of greed in the market, while Beam’s price volatility over the past 30 days has been 14.51%. Given the current technical signals, now may be a promising time to consider investing in Beam.
4. TRON (TRX)
The current price of TRON (TRX) is $0.155099, reflecting a slight decrease of -0.05% over the past 24 hours. Over the past year, however, the price has seen a notable increase of 75%, outperforming 54% of the top 100 cryptocurrencies during this period. TRON is trading above its 200-day simple moving average (SMA), currently 18.54% higher than the SMA value of $0.13085. It also demonstrates strong liquidity based on its market capitalization and continues to perform well compared to its initial token sale price.
TRON’s market sentiment currently appears bullish, with 28 technical indicators signaling positive momentum. However, short-term forecasts suggest a potential decline. The price prediction for the next week places TRON between $0.142616 and $0.139858, which implies a possible decrease of -1.93% by October 13, 2024, if it hits the upper target.
Despite just being integrated, USDT on #TRON already accounts for 10% of @xMoney_com's transactions in the past 30 days.
Low transaction costs and network speed make USDT on #TRON an easy choice for users worldwide. 🌐 https://t.co/CNxDPDYtM0
— TRON DAO (@trondao) September 27, 2024
For 2024, TRON is projected to trade between the $0.122752 and $0.249127 range. If it reaches the upper limit of this range, the token could experience a 60.61% increase, potentially reaching $0.249127 by the end of the year.
5. Pepe Unchained (PEPU)
Pepe Unchained ($PEPU) has gained attention in the cryptocurrency space, recently raising $16.4 million in its ongoing presale. This increased interest aligns with a broader positive sentiment in the market, partly driven by the Federal Reserve’s recent 50 basis point rate cut, which has generally boosted digital asset prices.
Unlike its predecessor, Pepe ($PEPE), Pepe Unchained operates on its blockchain and has introduced developer grants to promote innovation within its Layer 2 ecosystem. These grants have attracted significant investor attention, raising questions about the long-term position of $PEPE in the market.
During the presale, $PEPU is priced at $0.00989, with a slight increase expected in the upcoming round. Additionally, the platform offers staking opportunities with a 130% annual yield (APY), which may appeal to those seeking passive income options.
Boom! $16M raised!
Pepe Unchained keeps smashing records, and we’re not slowing down! 🌊 pic.twitter.com/Qtkw0w0n85
— Pepe Unchained (@pepe_unchained) September 28, 2024
With a total supply of 8 billion tokens, Pepe Unchained has allocated 40% to the presale and another 20% for marketing. This distribution strategy aims to foster long-term growth and build early momentum in the competitive meme coin space. As the project continues to develop, its ability to maintain investor interest and differentiate itself from other similar coins will be crucial for its success.
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