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Discovering affordable tokens that offer potential growth has become an exciting pursuit for many investors. As such, cryptos trading at under 1 cent presents a unique opportunity to uncover promising assets with the potential for exponential growth.
This article compiles some of the best affordable cryptocurrencies available. In addition, it will highlight their potential, reflecting why they might intrigue investors seeking budget-friendly options with high growth potential.
6 Best Cheap Crypto to Buy Now Under 1 Cent
Coinbase has unveiled its intentions to broaden its range of products in Europe. The expansion blueprint involves incorporating derivative services, marking a significant step for the company. This news has prompted investors to comb the market for affordable tokens, anticipating a bullish run.
1. Bonk (BONK)
BONK has captured considerable attention in the crypto community. The coin showcased a fluctuating performance marked by significant gains, notable exchange listings, and recent market corrections. Bonk’s upward trajectory commenced with single-sided staking on December 1, highlighting this meme coin.
Soon after, Coinbase listing BONK triggered a remarkable 50% surge in value on December 14. Looking ahead to 2024, BONK exhibits promising signs supported by community backing and listings on major exchanges. Projections from Telegaon suggest a maximum trading value of $0.0000604 for the meme coin during 2024.
GM
The first week of 2024 came and went
Time to recognize the past to plan for the future and keep building for the New Year.
10 chains, 600,000+ unique holders, and 42 exchanges
Thank you to all 2023 BONK ecosystem builders and integrations🧵A look at BONK 2023 highlights… pic.twitter.com/fWgJgAX7JG
— BONK!!! (@bonk_inu) January 8, 2024
Positive market sentiments could drive the average price to approximately $0.0000569. However, these predictions account for potential market downturns, with the minimum expected price estimated at $0.0000512 in less favorable conditions. Overall analysis hints at the possibility of BONK surpassing its recent all-time high, riding on a strong bullish trend anticipated in 2024.
2. Mantle (MNT)
In the last 30 days, Mantle Token has seen 50% of green days, signifying positive trading activity. Currently trading close to its all-time high, the token also hovers near its cycle peak. Notably, the token boasts high liquidity, attributed to its substantial market capitalization.
Today, Mantle is valued at $0.663783, showcasing a 24-hour trading volume of $204.81 million. Its market cap is $2.08 billion, indicating a market dominance of 0.12%. Over the past day, the MNT price has surged by 6.87%.
The peak price for Mantle was registered on Jan 3, 2024, reaching its all-time high at $0.691818. Conversely, the lowest recorded price remains unlisted. However, following its all-time high, the token touched a low of $0.578388, constituting its cycle low. Since this cycle low, Mantle reached a high of $0.673693.
Furthermore, analysts are currently portraying a bullish sentiment regarding Mantle’s price prediction. Additionally, the Fear & Greed Index displays a value of 73, indicating a prevailing sentiment of greed among investors.
⏳ We're almost reaching our cap ██████ 85%
At a target APY of 7.2%, Mantle is offering the highest yield among top staking products.
Get your double dose of mETH: https://t.co/pSXOzFVhSx pic.twitter.com/Q4cNOqdTJD
— Mantle (@0xMantle) January 10, 2024
Moreover, MNT has a circulating supply of 3.13 billion MNT out of a maximum supply of 6.22 billion MNT, holding the 12th position in the Ethereum (ERC20) Tokens sector. In addition, it secures the 4th spot in the Layer 2 sector based on market cap rankings.
3. Shiba Inu (SHIB)
Shiba Inu has garnered the crypto market’s attention, propelled by its active community and ongoing utility advancements. This also includes the introduction of ShibaSwap, a decentralized exchange. Recent project updates include implementing Shibarium – a layer-2 scaling solution and burn mechanisms for the SHIB token. These projects reflect Shiba Inu’s commitment to growth and innovation in the crypto space.
Analyzing its market positioning, Shiba Inu holds the #5 rank in the ERC20 sector and #2 in the Meme Coins sector. Inu’s highlights include a 7% price increase last year and consistent trading above the 200-day simple moving average.
🔥 Is it getting hot in here? Oh wait, it's just us burning some $Shib In just about a month, we've incinerated nearly 200 ETH worth.
TX details in the first comment below. pic.twitter.com/YVEzb7SEPJ
— Shib (@Shibtoken) January 9, 2024
In addition, it has a majority of 16 green days out of the last 30, constituting 53% of the period. Furthermore, SHIB maintains high liquidity based on its market capitalization, contributing to its attractiveness among traders and investors.
4. Skale (SKALE)
In a recent collaboration, Granted and SKALE Network have teamed up to bolster web3 application development. Hence, this partnership aims to provide secure funding and a supportive blockchain ecosystem. Moreover, this partnership combines Granted’s strategic grant funding proficiency for the Web3 landscape with SKALE’s standout blockchain attributes.
This includes zero gas fees, instant finality, a high-speed network, a wide user base, and a dominant presence in gaming. The primary objective of this alliance is to empower Web3 and blockchain initiatives. Thus, it aims to offer strategic funding avenues and nurture technological excellence.
Analyzing SKALE’s market performance, the token reached its cycle high at $ 0.104184 since the last low. Market sentiment leans bullish for SKALE’s price prediction, with the Fear & Greed Index reading 73 (Greed).
The inaugural SKALE Chain payments are slated for Feb 1. 📆
With Chain Pricing live on mainnet, SKALE stands alone as the only self-sufficient blockchain with zero gas fees! 🚫 ⛽
Dive deeper into the implementation of chain pricing here: https://t.co/wwqD1d95mq pic.twitter.com/89guWb4Lvu
— SKALE (@SkaleNetwork) January 9, 2024
Key highlights of SKALE’s performance include a remarkable 239% price surge over the last year, surpassing 86% of the top 100 crypto assets. In addition, SKALE has outperformed both Bitcoin and Ethereum. Likewise, the token trades above the 200-day simple moving average and has shown 15 green days in the last 30 days, making up 50% of the period. Plus, its market cap contributes to maintaining high liquidity in the market.
5. Bitcoin Minetrix (BTCMTX)
Bitcoin Minetrix has introduced an innovative approach, allowing users to stake BTCMTX tokens in exchange for cloud mining credits. The primary objective behind this initiative is to decentralize control and provide a secure mining environment for token holders.
Furthermore, the platform’s staking pool has garnered substantial attention, amassing an impressive stake of over 400,000 BTCMTX tokens. This accumulation has led to an advertised annual percentage yield (APY) of 103,225%, indicating a notable interest among participants.
#BitcoinMinetrix reaches another noteworthy milestone! 🎖️
Surpassing $7,800,000. pic.twitter.com/61vRZDus2v
— Bitcoinminetrix (@bitcoinminetrix) January 8, 2024
During its initial presale phase, Bitcoin Minetrix has shown significant market traction. The ongoing presale of BTCMTX has successfully raised over $8,041,666 by selling tokens at $0.0125 each. This represents 70% (2.8 billion BTCMTX) of the total token supply of 4 billion. Moreover, interested investors can acquire these tokens using either ETH or USDT.
6. Telos (TLOS)
Telos Foundation has appointed John Lilic as its new Executive Director, marking a significant step forward for the organization. Lilic brings a wealth of experience from roles at Consensys and Polygon, where he contributed substantially to developing pioneering technologies such as MetaMask.
This leadership change heralds a new chapter for the Telos Foundation, leveraging Lilic’s expertise and forward-thinking approach. Moreover, it positions the foundation for strategic growth and innovation, aligning with the evolving landscape of the blockchain industry.
https://twitter.com/HelloTelos/status/1742920259647262933
The current price movement of TLOS, Telos’s native token, has increased by 123% in the past year. Outperforming a significant portion of the top 100 crypto assets within this period, it trades above the 200-day simple moving average, indicating a positive trajectory. Likewise, TLOS has seen 16 green days recorded in the last 30 days, comprising 53% of the period. As such, telos demonstrates consistency in its market performance.
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