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6 Best Cheap Crypto to Buy Now Under 1 Cent December 29

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CRV
CRV

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Finding affordable tokens that offer potential growth without breaking the bank is a pursuit that many investors are interested in. Moreover, coins trading under 1 cent unveils several investment opportunities. 

These opportunities are an intersection of affordability and growth potential, often capturing the attention of intelligent investors. Among this array of options lie several promising cryptocurrencies that might hold the key to unlocking substantial returns on investment.

6 Best Cheap Crypto to Buy Now Under 1 Cent

In the current month, Ether’s value has shown a moderate increase of approximately 15%, contrasting starkly with SOL’s substantial 82% gain over the same period. A broader perspective on the year-long performance indicates Ether’s advancement by 95%. Meanwhile, SOL has experienced an exceptional surge, surpassing 980%.

1. Mantle (MNT)

Mantle Network recently integrated Element Market into its network. This move marks a significant step in the evolution of decentralized marketplaces within the Ethereum L2 ecosystem.

MNT Price Chart

Furthermore, Mantle Network distinguishes itself through a modular architecture that partitions transaction execution, data availability, and finality. In addition, it offers potential benefits such as enhanced security inherited from Ethereum and improved accessibility to data. As such, it aims to provide cost-efficient transactions.

On another note, recent market movements indicate an upward trend in Mantle’s crypto price. Over the past intraday sessions, it has surged by over 10%, reflecting a potential challenge of the recent supply level. The resurgence of bullish momentum after a brief correction signals a possible shift in trend. Notably, this upward trend is marked by a breakout above the recent swing high on the daily chart.

Short-term predictions for Mantle Network’s token price in 2023 showcase a positive outlook. Analysts suggest a range between $0.56 to $0.702, indicating potential price fluctuations based on different estimations. Per 2024, analysts’ forecasts are more optimistic, projecting a potential high of $0.811 and a lower value of $0.624.

2. IOTA (IOTA)

IOTA’s ShimmerEVM recently integrated LayerZero into its system, aiming to facilitate cross-chain messaging technology for users. This collaboration expands ShimmerEVM’s connectivity to various prominent blockchains. As such, it enhances interoperability within a unified cross-chain ecosystem, as detailed in Shimmer’s published statement.

IOTA Price Chart

Moreover, Integrating ShimmerEVM and LayerZero’s messaging infrastructure broadens the cross-chain communication capabilities across the Shimmer ecosystem. In addition, this development intends to establish initial connections with several prominent blockchain networks. This includes Ethereum, Polygon, Binance Smart Chain, Optimism, Avalanche, Arbitrum, Fantom, and Base. Therefore, it allows easier exchange of assets and information within the ShimmerEVM ecosystem.

The collaboration between LayerZero and ShimmerEVM follows LayerZero’s recent partnership with Blockdaemon. Also, it precedes discussions about a potential LayerZero token launch in 2024. Notably, this integration signifies a step forward in enabling interoperability among various blockchain networks. Similarly, it could reshape the decentralized finance (DeFi) landscape within the ShimmerEVM ecosystem.

3. Algorand (ALGO)

TravelX, utilizing blockchain technology to enhance airlines’ retail capabilities, has recently partnered with Viva Aerobus, a Mexican airline. This partnership aims to implement a ticket conversion system using the Algorand blockchain. 

ALGO Price Chart

Furthermore, this collaboration coincides with a positive market trend for ALGO, marked by a bullish sentiment in its price prediction. Moreover, it has a Fear & Greed Index currently at 65 (Greed). In addition, the yearly supply inflation rate is 12.49%, creating 889.06 million ALGO in the past year.

Key highlights of Algorand’s performance include a 42% increase in price over the last year. Furthermore, it consistently trades above the 200-day simple moving average. Likewise, it has a 67% occurrence of positive trading days within the previous 30 days. Similarly, its liquidity is notably robust, substantiated by its market capitalization.

4. Bitcoin Minetrix (BTCMTX)

Bitcoin Minetrix introduces a unique model that enables users to stake BTCMTX tokens for cloud mining credits. It aims to decentralize control and provide a secure mining environment for token holders.

Furthermore, the staking pool of Bitcoin Minetrix has attracted substantial attention, with more than 400,000 BTCMTX tokens presently staked. This interest has led the platform to advertise an annual percentage yield (APY) of 103,225%.

Despite its initial presale phase, Bitcoin Minetrix has gained significant traction, positioning it among the cryptocurrencies with investment potential. This growth is facilitated by the ongoing BTCMTX presale, which has generated over $6,656,356 by selling tokens at $0.0125 per token.

During the presale period, 70% (2.8 billion BTCMTX) of the total token supply of 4 billion is being offered. Potential investors can acquire these tokens using either ETH or USDT.

5. Curve DAO Token (CRV)

Curve DAO Token has soared over the past year, showcasing some price dynamics. Within the last 12 months, there has been a significant uptick, with a 32% increase in its price. It trades above its 200-day simple moving average, indicating a positive momentum trend. 

Moreover, out of the last 30 trading days, there have been 19 positive movements, representing a 63% increase in green days. Additionally, CRV boasts high liquidity, as evidenced by its market capitalization.

The historical performance of CRV reflects fluctuations. Its highest recorded price of $10.48 dates back to Aug 15, 2020. Meanwhile, the lowest price was registered on Nov 5, 2020, at $0.332060. Following the all-time high, the lowest price hit a cycle low of $0.332060. Similarly, the subsequent highest CRV price reached $6.76 in the last cycle. 

CRV Price Chart

Presently, sentiment analysis indicates a bullish outlook for the Curve DAO Token. In addition, the Fear & Greed Index stands at 65, indicating a state of greed within the market sentiment.

Regarding token supply, CRV has a circulating supply of 1.03 billion tokens out of a maximum supply of 3.30 billion. The yearly supply inflation rate is 92.84%, creating 493.50 million CRV in the past year. Within the sector, Curve DAO Token is the 12th-ranked coin in DeFi, 3rd in Yield Farming, and 26th in the Ethereum (ERC20) Tokens sector.

6. Celo (CELO)

Celo, a notable player in the Layer 1 sector, has shown significant market movements over the past year. The price surged by 83% within this period, showcasing a substantial increase in value. This surge has positioned Celo above its 200-day simple moving average, indicating a sustained upward trend in its trading pattern. 

CELO Price Chart

Moreover, 22 positive trading days out of the last 30, accounting for 73%, reflect a prevailing bullish sentiment recently. An observation of Celo’s price history unveils intriguing details. Likewise, the sentiment regarding Celo’s price prediction remains bullish. This coincides with a Fear & Greed Index of 65, indicating a leaning toward greed in the market sentiment.

Regarding token metrics, Celo boasts a circulating supply of 521.56 million CELO out of a maximum supply of 1.00 billion CELO. Notably, the yearly supply inflation rate is 10.18%, creating 48.19 million CELO in the past year alone. This inflation rate can be an essential factor to consider for potential investors.

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