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The crypto market experienced significant instabilities in June due to sentiment surrounding the Bitcoin Spot approval and Ether ETF approval. BTC’s price has remained inconsistent for over a month. Consequently, investors may want to wait for a clearer signal indicating conviction among buyers to lead the post-Ether ETF rally.
The search for the best cheap crypto trading below 1 cent has investors searching the market as the bull run of 2024 takes off. A few cryptos have distinguished themselves among the numerous choices by prospecting for a significant upswing. Today’s analysis highlights five cryptos under 1 cent that analysts could offer considerable returns.
6 Best Cheap Crypto to Buy Now Under 1 Cent
FLOKI has recorded notable developments by launching a trading bot and securing a major listing on Kraken. Meanwhile, the 24-hour price chart analysis shows that the Zilliqa token has broken out of a falling wedge pattern. This pattern is generally interpreted as a bullish indicator, implying that a potential upward surge is on the horizon.
This article will explore the factors that could influence Terra Classic’s price, from market trends to investor sentiment. We will also look at other low-priced altcoins like BitTorrent, Zilliqa, Alchemy Pay, and Floki. By the end of this analysis, you will have a clearer understanding of their prospects for 2024.
1. Terra Classic (LUNC)
The Terra Classic project has witnessed a flurry of developments recently, which has seen the token’s value take an upward hike. Following Lido DAO’s agreeing to a proposal in June 2022 to make all Lido contracts on Terra Classic unalterable, these funds had been locked. Also, the Terra Luna Classic community has permanently removed 12 billion LUNC and 68 million USTC from circulation, marking it the second-largest LUNC burn recorded.
These developments piqued the interest of investors, driving up the market activity of LUNC over the last 24 hours, which coincided with a modest market recovery. Today, the token is experiencing an upward momentum to trade at $0.00008269. This uptick indicates a 4.5% intraday increase and a notable 25% increase in trading activity to inch towards $30 million.
Furthermore, the Terra Classic token 24-hour gain built on last week’s profit of 0.38%, defying the overall crypto market bearish trend. Presently, LUNC’s price oscillates between $0.000074 and $0.000086. The moderate range suggests an even buying and selling activity, although recent data indicate that the token could soon maintain a stronghold in the overbought zone.
Great news for @osmosiszone based NFT DAOs using @enterprise_dao 👇 https://t.co/v1ChzPCGni
— Terra 🌍 Powered by LUNA 🌕 (@terra_money) June 25, 2024
If the crypto market triggers the anticipated bull run earlier than expected, LUNC can overtake the $0.00012 resistance point, leading to a significant price increase. The token could reach $0.00025 and even smash the $0.1 barrier if it sustains its current momentum throughout 2024. Besides, Terra Classic’s recent market activity and technical indicators suggest a potential for modest recovery and future growth.
2. BitTorrent (BTT)
BitTorrent-New (BTT) is a decentralized platform that streamlines the process of peer-to-peer file sharing and torrenting. The platform went through a major upgrade when it was acquired by the Tron Foundation in 2018, expanding the project’s ecosystem. The acquisition saw the token improve security by transitioning to the TRON blockchain.
Furthermore, BitTorrent-New remains the biggest decentralized communication protocol globally. The network protocol enables users to upload and download files rapidly and securely without the necessity of a centralized server. It ensures security by leveraging a proof-of-stake (PoS) consensus algorithm.
Meanwhile, BTT trades at $0.0000008709, indicating a 3% increase in the last 24 hours. The token builds on the 7-day increase of 6% to demonstrate its short-term potential. Also, the RSI hovers above 59, suggesting sideways; however, with the bulls maintaining their hold, it might soon approach the overbought zone.
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Access: https://t.co/qTAs4iFep3 pic.twitter.com/Bw1qO9Atu1
— BitTorrent (@BitTorrent) June 28, 2024
If the team forges any partnership with other networks soon, BitTorrent could surpass $0.0000205 before 2024 ends. Analysts predict the token will maintain an average price of $0.00000185 throughout the year if the crypto market remains bullish. Therefore, investors looking to invest in a token with stability could look into BTT.
3. Zilliqa (ZIL)
Zilliqa is a decentralized platform that leverages sharding to improve its scalability. Sharding is the process of partitioning a network into smaller, parallel processing units known as shards. Each shard handles its transactions, thereby boosting the network’s overall throughput.
Furthermore, Zilliqa’s unique strategy offers its users high transaction speeds and low fees. This makes it ideal for various applications, including financial services and gaming. Also, the protocol has been integrated into several platforms, further increasing its visibility.
Meanwhile, the 24-hour price chart analysis shows that the Zilliqa token has broken out of a falling wedge pattern. This pattern is generally interpreted as a bullish indicator, implying that a potential upward surge is on the horizon. The breakout and subsequent retest demonstrate increased buyer interest and a shift in market sentiment toward bullishness.
What are the key features of @Zilliqa 2.0?
🔹Each x-shard operates independently, improving transaction throughput and reducing latency
🔸Native account abstraction allowing advanced user features like daily limits and whitelisted recipients$ZIL pic.twitter.com/wriDJ1UJ3v— House of Chimera (@HouseofChimera) June 28, 2024
Currently, the RSI points at 55, suggesting that Zilliqa is neither overbought nor oversold, indicating stability. The short-term moving average has moved above the long-term moving average, which indicates a bullish tendency. Furthermore, the MACD line is hovering above the signal line, suggesting a potential for further price increases
4. Floki (FLOKI)
FLOKI has recorded notable developments by launching a trading bot and securing a major listing on Kraken. The Telegram-based trading bot for BNB Chain tokens, which was launched in June, will expand to Ethereum and Base blockchains in July, boosting the demand for FLOKI. The Floki team has also introduced a decentralized domain name service on the BNB Chain network, enabling the creation of FLOKI domain names for on-chain activities.
Furthermore, Floki’s performance indicators reflect bullish momentum. The token trades at a current price of $0.0001683, indicating a 2% increase in the last 24 hours. This builds on its recent momentum of a 9% rise over the week and a 501% surge over the year.
Meanwhile, Floki’s market cap is approaching the $2 billion mark due to a recent uptick in market activity. Over the previous three months, FLOKI’s social interactions rose by over 220%, while its social dominance grew by almost 100%.
BinStarter has once again utilized #Floki's leading DeFi locker protocol, #FlokiFi Locker, to securely lock its liquidity tokens!@BinStarterio is a cross-chain launchpad platform that incubates projects on the ETH, BSC, Polygon, and AVAX blockchains. In just their first year of… https://t.co/4ZQnpEnYfB pic.twitter.com/8jPZvrArYm
— FLOKI (@RealFlokiInu) July 1, 2024
Notably, the token has formed a pattern, which historically led to a 150% rise to form a previous ATH of $0.00035. This pattern suggests the token is on the verge of a price explosion, which might see it post a new ATH. Furthermore, analysts predict FLOKI could reach the $0.000754 mark if the bullish trend continues.
5. Alchemy Pay (ACH)
Alchemy Pay bridges the gap between fiat and cryptocurrency payments for global consumers, merchants, developers, and institutions. It empowers online and offline merchants with convenient payment solutions through fiat and crypto.
Meanwhile, Alchemy Pay has over 300 payment channels and is supported in over 71. It has onboarded over 2 million merchants on its platform by leveraging strategic partnerships with market leaders like Shopify, QFPay, Binance, and NIUM.
Meanwhile, ACH’s price analysis shows a substantial daily trading volume, highlighting a favorable market trend. The token exhibits bullish tendencies in the last 24 hours to trade at $0.0238, indicating a 7% increase. It has also established support at the $0.021 price level and has formed higher highs and higher lows, indicating that the bulls have regained momentum.
The 24-hour chart reveals that ACH is trading above $0.0235, maintaining a minor bullish trend. Despite the bears briefly pushing the ACH price below $0.0297, the bulls quickly reasserted their control over the market. The increasing buying pressure observed in recent hours suggests a favorable outlook for investors.
📢@tomo_social, the all-in-one Web3 social wallet, has launched our fiat on-ramp solution within its wallet app. Now, #Tomo's users can fuel their crypto journey with ease, using preferred fiat payments to fund crypto assets directly.
Ready for your crypto journey? Let… pic.twitter.com/2smthiWKX9
— Alchemy Pay|$ACH: Fiat-Crypto Payment Gateway (@AlchemyPay) July 1, 2024
In summary, analysis implies that ACH bulls are dominating the market and may continue driving prices higher in the coming days, provided they maintain support above critical levels. Moreover, if buyers maintain the trend and break through the resistance level, they could potentially trigger a breakout movement that could skyrocket the accumulated positive momentum.
6. 99Bitcoins (99BTC)
99Bitcoins continues to attract attention for its built-in staking protocol. It also offers a yield of 1,101% per year and has been fully audited by SolidProof. As the presale continues, the potential for 99Bitcoins looks promising. The approval of spot BTC ETFs in the US could drive capital into the crypto market, boosting demand for tokens like 99BTC.
Moreover, the project has raised over $2.3 million in its ongoing presale. Its innovative “Learn-to-Earn” strategy is aimed at transforming crypto education. Rather than passively absorbing content, users will engage with courses. These courses will include quizzes and interactive tutorials to earn 99BTC tokens, providing financial incentives for learning.
Meanwhile, the gamified Learn-to-Earn feature is just the beginning for 99Bitcoins Token. Its developers have announced plans to migrate 99BTC from the ERC-20 chain to the BRC-20 chain. This strategic move aims to create a cross-chain bridge protocol for the project.
Last week, @coinbase filed two civil lawsuits against the #SEC and #FDIC for failing to comply with Freedom Of Information Act (FOIA) requests.
This move demands greater transparency from US regulators. 🙌
Learn more: https://t.co/eGdKlpNG6S#99Bitcoins #Crypto #BTC #Alts
— 99Bitcoins (@99BitcoinsHQ) July 1, 2024
Furthermore, this transition could position 99Bitcoins as a disruptive force in crypto. It will also ensure it attracts significant attention from Bitcoin maximalists. The project’s $99,999 BTC airdrop campaign has also fueled presale excitement, with 99 early adopters set to share in the prize pool.
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