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Bitcoin’s attempt at even a modest early rally during U.S. trading hours Friday was quickly snuffed out. The token saw its price drop 4% in in the last 24 hours. Notably, this downturn has spread across the general crypto market as major altcoins experienced a major downturn.
Despite the gloom of the crypto market, some low-priced altcoins have entered our “best cheap crypto to buy” list. Shiba Inu, Beam, Bonk, and Pyth Network emerge as promising cryptos today, showcasing the widespread momentum propelling digital assets forward. We analyze these coins to determine their profitability.
5 Best Cheap Crypto to Buy Now Under 1 Cent
Shiba Inu has posted remarkable ROI for early investors surging by over 1.1 million percent since its launch. Notably, SHIB’s birthday is today, and historically, August has always been a profitable month for the token. We will also analyze Beam and Pyth Network, which have posted significant returns.
Regarding upcoming high-value crypto projects, 99Bitcoins, and The Meme Games are changing the crypto space. The innovative project integrates special features into the meme token landscape. Users engage in interactive lessons and games to earn meme tokens.
1. Pyth Network (PYTH)
PYTH recently lost a significant portion of its gains to the bearish trends in the crypto market. However, the token is on its way to recovery and is trading 10% above its value last month. Its trading volume has also responded with a 26.7% surge. This metric has seen it outperform several of the top cryptocurrencies today.
Meanwhile, Pyth Network was one of the crypto tokens that amassed significant value in the early days of the bull market. At the market’s peak, PYTH had a value of over $1. Analysts have predicted that the token will soon recapture this value if it maintains its current price trajectory.
Nevertheless, PYTH is one of the crypto tokens to watch in this market. At press time, the token is on a reversal trend and presents investors with the perfect opportunity to buy. Besides, PYTH has also seen some increase in trading volume against the overall trends in the market.
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Typically, this price action suggests the return of investor interest in the asset, which can cause a marginal price increase. Also, the current price of PYTH is relatively closer to the ATH value than most altcoins. The possibility of breaking the ATH in the near term could substantially impact the market perception of PYTH potential.
Therefore, investors looking at crypto tokens for short-term trading opportunities should include Pyth in their watch list, as the token has the potential for further upside. Moreover, Pyth Network offers a unique service in the crypto industry, meaning that its assets will continually remain in demand.
2. 99Bitcoins (99BTC)
99Bitcoins launched its cryptocurrency, the 99Bitcoins token (99BTC). The token has rapidly raised over $2.6 in its presale. This development demonstrates the tokens’ potential. Moreover, investors still have the opportunity to purchase tokens at the presale price of $0.00102, as the presale ends in 2 days.
Moreover, a presale limit of $5.9 million incentivizes investors to acquire discounted 99BTC tokens before the price increases. These tokens fuel the Learn-to-Earn platform, where users are rewarded for learning about cryptocurrencies. As funding milestones are achieved, the price of 99BTC gradually increases.
Furthermore, the innovative Learn-to-Earn concept incentivizes users to educate themselves about cryptocurrency, providing benefits to token holders. Also, 99Bitcoins intends to enhance the learning experience by gamifying Bitcoin education. Users who complete challenges and lessons earn higher rankings and $99BTC tokens as rewards.
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After a successful launch in the USA, the luxury carmaker plans to expand this payment system internationally by the end of 2024 to meet changing needs.#99Bitcoins #Crypto #Alts #BTC pic.twitter.com/YDml5hzfrB
— 99Bitcoins (@99BitcoinsHQ) August 2, 2024
Conversely, the project explores the potential effect of Bitcoin halving events and has attracted a broad audience across various platforms. The token distribution allocates 10.5% for presale, 14% for staking rewards, and portions for development, community rewards, liquidity, and marketing.
Subsequently, the token has launched a giveaway on its platform. Participants can win free Bitcoin from a $99,999 BTC prize pool, with over 4,000 entries. Also, token holders participating in the presale can benefit from holding 99Bitcoins tokens.
3. Shiba Inu (SHIB)
Today, the Shiba Inu token celebrates its fourth anniversary. As the SHIB army celebrates, market participants keenly watch the token’s price movement with the expectation of a potential bull run. Based on Shiba Inu’s price history, August has always been a positive month for the token, with an average profit of over 2.7% and a median gain of 3.4%.
Furthermore, it is rare for both the average and median to be positive, which seems to support predictions. Due to this uncommon event, there is a higher chance that SHIB will finish August on a favorable note. This further raises optimism for a bullish momentum as the summer ends.
Notably, Shiba Inu has recently seen a surge in its burn rate, reaching a substantial 172%, correlating with a recovery in its price. The increase in burn rate indicates a significant number of SHIB tokens being permanently removed from circulation and transferred to an inaccessible “dead” wallet.
We’ve turned 4! 🎉 From humble beginnings, we've soared 150 MILLION PERCENT! 🚀 Our #ShibArmy is UNSTOPPABLE with 3.8 MILLION+ strong! 💪
We've built a thriving ecosystem with #ShibSwap, #Shibarium,multiple tokens, NFTs, and a metaverse on the horizon!
Bringing Ryoshi's… pic.twitter.com/iiffjmKiIk
— Shib (@Shibtoken) August 1, 2024
Moreover, the recent increase in the token’s price coincides with the announcement of a significant upgrade to Shibarium, the company’s layer-2 blockchain solution. This upgrade introduces a new user interface that offers faster, smoother, and more accessible functionality. These improvements are aimed at enhancing user experience and strengthening SHIB’s position in the market.
Meanwhile, the token has posted remarkable ROI to early investors, surging by over 1.1 million percent since its launch. The token trades at $0.000001414, indicating a 2.59% increase in the past thirty days. 98% YTD. Also, it has experienced 20 green days out of the last 30. With a 24-hour volume-to-market cap ratio of 0.0546 and high liquidity, SHIB has demonstrated resilience.
4. Beam (BEAM)
Despite a recent price retraction, Beam has continued its dizzy price movement from July. The token drew significant interest due to its consistent price climb throughout July. The positivity surrounding the Bitcoin-halving event has rubbed off on Beam—the token trades at $0.01397. Beam has seen an increased market activity, evidenced by its 4.1% volume increase in the last 24 hours.
Furthermore, investors are bullish on Beam, as demonstrated by its Greed score, which is at 78. The token’s increasing trading activities fuel this bullish sentiment. These strong fundamentals suggest a favorable outlook for the token, indicating Beam’s ability to attract ongoing investor interest and achieve substantial market expansion.
Moreover, Beam has exhibited remarkable market growth over the past year, with an impressive 180% increase. Also, it has outperformed 76% of the top 100 cryptocurrencies, including Bitcoin and Ethereum. Beam trades 332.26% higher than the 200-day SMA, which is $0.004690. This strong performance underscores the token’s potential as an investment opportunity in cryptocurrency.
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— Merit Circle (@MeritCircle_IO) August 3, 2024
Meanwhile, analysts predict that if Beam partners with other networks, it could reach $0.1. In a bullish market, the average price could stabilize around $0.08 before May ends. Conversely, in a market downturn, it could nosedive to $0.01.
5. The Meme Games (MGMES)
The Meme Games introduce a novel approach to cryptocurrency presales. The project incorporates an Olympic-themed competition feature into the vitality of meme coins. Players choose their favorite meme characters and back them in the competition to be the best while earning free meme tokens.
Moreover, players can choose their memes from five well-known meme characters, including Dogecoin, Pepe, dogwifhat, Brett, and Turbo. Each character represents a unique aspect and country in the competition.
The competition will run concurrently with the Paris Olympics games. After the event ends, the coins will be available on several DEXs from September 10. The token’s gamified strategy gives participants a fair and engaging experience, making MGMES the best presale to invest in now.
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— The Meme Games (@MemeGames2024) August 2, 2024
Meanwhile, all memes have an equal chance of winning, which gives an exciting layer of unpredictability to the outcomes. If a meme wins, participants who choose it will receive a 25% bonus on their MGMES tokens. Users can buy tokens numerous times and switch between memes to increase their odds of winning.
6. Bonk (BONK)
BONK maintains bullish market sentiment, supported by a Fear & Greed Index reading of 70 (Greed) and 16 positive trading days out of the last 30. These positive metrics reflect optimism among investors. Technical analysis indicates potential for further growth, particularly if leading cryptocurrencies like Bitcoin and Ethereum regain momentum.
Bonk’s 130% price explosion recently demonstrates a notable shift in investor sentiment towards higher-risk assets. This exceptional performance, surpassing meme coins like Dogwifhat and Shiba Inu, indicates growing confidence among investors in the meme sector.
As of the latest trading data, Bonk is priced at $0.00002099 and has experienced an impressive upward movement of over 3% in the past thirty days. This contributes to an overall positive trend in the market and underscores Bonk’s recent momentum, with a remarkable gain of 5,930% and 9,000% over the past 1 year and post-launch, respectively.
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