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The crypto market displays mixed market signals, showing a 1.13% increase in market cap. However, the trading volume experienced a significant hit, decreasing by 17.65%, demonstrating that investors are being cautious. Hence, the market sentiment has caused a bearish trend for cryptos.
However, this allows investors to invest during the dip for higher ROIs. Several promising low-priced cryptos provide market participants with a cheap entry point into the market. Therefore, Insidebitcoins curates a list of some coins that are trading below 1 cent.
6 Best Cheap Crypto to Buy Now Under 1 Cent
Today’s analysis offers investors valuable insights into evaluating the profit potential of several cryptos. Numerous altcoins valued below 1 cent are witnessing a surge in price, suggesting favorable investment outlooks.
Furthermore, we examine Minu, Pepe, Bonk, Shiba Inu, and BitTorrent as notable investment options. These low-cap tokens emphasize real-world asset tokenization and blockchain innovation, which fuels our suggestion that these cryptos be possible portfolio additions.
1. Minu (MINU)
The MINU token has displayed impressive price growth over the previous day and week. It surged by an impressive 85.05% from a week earlier and has grown by 27.60% in the last 24 hours. These metrics are noteworthy because MINU has recently struggled with a bullish trajectory.
MINU has exhibited bullish strength and rising capacity, holding above 20-day EMAs. It displays bullish sentiment with a MACD of 0.0000000150. It also posts an RSI below the 70 level yet, indicating that the MINU token faces minimal resistance, ensuring it will continue consolidating its gains.
Its performance has improved significantly in the last month and week. The coin has experienced increased market value and trading volume over the previous 24 hours. MINU has shown signs of recovery and bullish strength, with the potential for a colossal surge.
Community + BUIDL = $MINU
We have brought the innovation on @BNBCHAIN and we continue stronger! #Minu to the Top 500 Cryptocurrencies of the world!
— Minu (@minu_coin) May 31, 2024
At the time of writing, it has experienced a significant surge in the last 24 hours and is trading at $0.0000004378. If demand remains high, the asset price could reach $0.0000005. However, if it fails to stay above $0.00000043, it could decline to $0.00000035.
2. Bonk (BONK)
Bonk is regarded as the first dog-themed crypto within the Solana ecosystem. The token ignited an outstanding rally upon its launch. The run saw the meme coin post a phenomenal run in its first quarter. Although it is proceeding at a modest $0.0065, its unique positioning has led analysts to predict that it might hit the $1 mark by the end of 2024
Meanwhile, analysts are confident that Bonk could make price movements that could replicate its launch trajectory. The Bonk coin price trend demonstrates the token’s resilience. The token is experiencing a substantial explosion, making investors wonder if it can hit the $1 mark soon.
The increased popularity of meme tokens fuels their value. Furthermore, Bonk utilizes the Solana blockchain, which has a reputation for scalability and speed. Consequently, it attracts investors looking for a quicker and more affordable option to Ethereum-based meme tokens.
❗️❗️❗️ spotted on @nic__carter at Consensus
An incredible look in The Dog’s opinion pic.twitter.com/jmoHzQXrxb
— BONK!!! (@bonk_inu) May 30, 2024
The token trades at $0.00003445, indicating a 67.52% price increase in thirty days. Analysts predict Bonk may appreciate by 225.77% and reach $ 0.000112 this week. Despite a Bearish sentiment, the Fear & Greed Index is showing 72 (Greed). Bonk recorded 15/30 (50%) green days with 19.00% price volatility over the last 30 days.
3. BitTorrent (BTT)
BitTorrent is an established peer-to-peer file platform in the crypto market. The project functions as a decentralized P2P sharing and torrent platform that has become increasingly popular over the years.
The native token, BTT, was launched on the TRON blockchain using the blockchain’s TRC-10 standard. However, the project has seen increased adoption since its acquisition by TRON. The acquisition has seen BitTorrent expand its use cases by developing several new tools. With a dedicated native cryptocurrency token,
The “largest decentralized P2P communications protocol” in the world recently underwent a significant upgrade. The team announced a reward halving for storage miners from 15 billion BTT to 7.5 billion BTT. This development, expected to kick off on June 25, 2024, aims to improve network efficiency and node performance.
Halving of BTFS Storage Rewards https://t.co/Ii4adQc0hK via @Le_Particulier
— BitTorrent (@BitTorrent) May 31, 2024
BitTorrent maintained a bullish outlook last week, demonstrated by a significant surge in buying pressure at $0.000001162. This momentum favors the bulls and may continue this week. However, a bearish activity may emerge if the recent halving fails to generate momentum.
4. 99Bitcoins (99BTC)
99Bitcoins is an innovative project that offers users a unique opportunity to earn while learning. Analysts have predicted that the token will surge by 1,000x in 2024. The project operates on the Ethereum network and plans to migrate to a BRC-20 token.
99Bitcoins news platform caters to a vast audience. It also boasts a following of 800K on YouTube and 2.9 million via email subscriptions. Its latest undertaking launches a Learn-to-Earn project that aims to revamp crypto education. Partakers are rewarded for their interest and self-learning through interactive modules, quizzes, and courses.
Furthermore, 99Bitcoins offers various incentives, like unlocking premium trading signals and discounts. It can also be staked for passive income. This unique strategy of incorporating learning and earning has generated interest from early backers, who speculate the token could draw considerable attention once it launches.
Did you know? A recent report from @Reuters found that venture capital interest in #Crypto is reviving!
In Q1 2024, $2.4B was poured into #Bitcoin and other crypto firms, marking a significant resurgence in the crypto space. 🔥#99Bitcoins #BTC #ETH #BullRun pic.twitter.com/eUES9IA49z
— 99Bitcoins (@99BitcoinsHQ) June 1, 2024
With the presale generating over $1.8 million, investors exhibit enthusiasm for the prospect of 99Bitcoins. The crypto also delivers privileges like BRC20 tools and education, a VIP community group, and trading signals. Participants are also entitled to high APY, which will decrease as more investors participate in staking.
5. Pepe (PEPE)
Pepe, renowned for its impressive returns since launch, is anticipated to continue its Impressive growth. The token is potentially projected to erase another zero from its valuation. With market dynamics strongly favoring these coins, investors can anticipate substantial gains and a positive trajectory in the coming months.
The token has rallied dizzyingly, surging approximately 948% since its launch. The current explosion in the GME coin also proved crucial for PEPE’s development. Surprisingly, the surge in the GME token nudged Pepe to reach a new high value.
Furthermore, Pepe is predicted to leap by 200% in June. If this projection is accurate, the surge could enable Pepe to trade at $0.00005136, eliminating another zero from its price. Moreover, its 12x returns this year to its holders have piqued the intrigue of affluent investors.
#Binance has launched a new promotion with @pepe @pepecoineth!
Explore from thousands of merchants and claim up to 100 Million $PEPE when you send crypto via Binance Pay!
Get started ⤵️
— Binance (@binance) June 1, 2024
Meanwhile, the token trades at $0.00001543 today. Several bullish catalysts have also propelled PEPE’s ascent. Furthermore, the project recently burnt a massive 6.9 trillion tokens, about $6 million. This burn has seen the token surge in value and pique investors’ attention.
Furthermore, the Pepe team has implemented a strategic development to onboard a fresh cadre of consultants. The project has also set its sights on exploring partnerships and marketing opportunities. This forward-thinking approach gives investors the confidence that the token has a promising future.
5. Shiba Inu (SHIB)
SHIB is a decentralized, community-centric token used by millions worldwide. Since its launch, the Ethereum-based SHIB token has become a worldwide phenomenon. It is accepted as a means of payment at hundreds of locations, either directly or through third-party intermediaries.
Shiba Inu (SHIB) has established itself as a strong competitor to Dogecoin, earning the nickname “Dogecoin Killer.” Its strategic initiatives and vibrant community have propelled SHIB into the spotlight. Recent developments, including ShibaSwap and various ecosystem projects, promise to enhance SHIB’s utility and value.
Despite a slight dip in SHIB’s value today, it traded 3% above last week. The token also lost a significant YTD surge of over 199.57%. Shiba Inu’s resilience is demonstrated by its liquidity, as evidenced by its market cap ratio.
🧵 Get ready for a much faster and smoother experience #SHIBARMY 🚀
We’ve cut down the bridge time from #Shibarium to Ethereum from 7 days to approximately 45 minutes!
— Shibarium Network (@ShibariumNet) May 29, 2024
Shiba Inu finishes the week as one of the top gainers with a 3.7% price surge over the past week. The token outperformed the prominent Bitcoin, Ethereum, AND Doge while also outshining AAVE and LINK. Shiba Inu is well-positioned for significant growth with a dedicated following and an ambitious roadmap.
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