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Recently, the crypto surge reflects a broader trend, with 54% of cryptocurrencies appreciating in the past 24 hours. However, it’s essential to carefully evaluate the top tokens before investing. Today, we cover the best tokens under 1 dollar that have the potential to yield significant gains. These cryptos have been evaluated and are worth adding to your watch list.
Even with last week’s crypto market downturn, some low-priced altcoins are gaining bullish momentum. Certain tokens stand out as promising investments, driven by the overall positive trend in digital assets. We analyze these coins to gauge their potential for profitability.
6 Best Cheap Crypto to Buy Now Under 1 Dollar
Shiba Inu has delivered extraordinary returns to early investors, soaring more than 1.8 million percent since its inception. SHIB’s year-to-date surge is notably 178%. Meanwhile, Chromia has sustained its impressive price movement from last month. It posted a 26.58% increase in value over the previous week, reflecting an uptick in market activity.
Meanwhile, Holding Mega Dice tokens gives token holders several benefits like staking rewards and casino gaming. Investors also receive several rewards for using the platform and access to exclusive VIP community groups. This article provides an overview of Mega Dice and its recent development.
1. Cardano (ADA)
Cardano surprised the market by reversing its price trend recently. It has bounced back from a recent low of $0.16, signalling potential gains ahead. This turnaround stands out, especially amid the ongoing volatility in the crypto space.
Meanwhile, Cardano’s recent momentum gained strength from releasing Consumer Price Index (CPI) data. This event triggered a half-billion-dollar rise in its market capitalization. Also, transaction volume surged to 90 million, reflecting increased activity and interest in the platform.
Moreover, the Ouroboros Genesis protocol upgrade significantly strengthened Cardano’s security and scalability. This development strengthens its role as a top decentralized platform. The ecosystem remains vibrant, with 169 launched projects and 1,357 projects under active development.
We are excited to announce we are hosting the #CardanoSummit2024 community event with @Waffle_Capital. Join us in #HongKong on 23 October 2024. Registration and more details will be available soon. Explore all this year’s locations: https://t.co/e4cTXbcy7O pic.twitter.com/g0KKFdo1V6
— SIDAN Lab (@sidan_lab) August 13, 2024
Recent data shows the token’s price at $0.338, marking a 1.95% rise over the last week. ADA has posted 23 green days in the last 30 days and boasts a solid volume-to-market ratio. Since launch, it has surged by 1150%, highlighting investor sentiment and market dynamics.
2. Chromia (CHR)
Chromia is a modular blockchain platform built specifically for developing decentralized applications (DApps). It was developed by ChromaWay, the creators of colored coins, to scale DApps, in order to tackle real-world issues. The platform supports various sectors, including finance, gaming, real estate, and public services.
Furthermore, Chromia’s distinctive relational blockchain architecture enables each node to store and query data efficiently. This design ensures faster transactions, reduced fees, and enhanced scalability while building Decentralized Apps. It also enables developers to build DApps using familiar programming languages such as SQL and JavaScript.
Moreover, Chromia supports public, private, and hybrid blockchain models, providing flexibility and control. The platform can manage up to 100,000 cell updates per second, boosting scalability. Also, it ensures security through cryptographic methods and Byzantine Fault Tolerance (BFT) algorithms.”
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— Chromia | Power to the Public (@Chromia) August 14, 2024
CHR is trading around $0.161 at the time of publication, showing a 2.58% increase over the past week. This seven-day increase is supported by a longer-term 46% rise over the past year. It also trades 179.30% above its 200-day Simple Moving Average (SMA), reflecting strong performance.
Meanwhile, the 14-day RSI hovers around the 69.74 mark, indicating a balanced market condition. Over the past 30 days, 15 days have been positive, reflecting a strong 50% streak. The volume-to-market cap ratio is 0.44, signifying high liquidity. Consequently, CHR offers attractive opportunities due to its consistent growth, robust performance, and high liquidity.
3. Mega Dice (DICE)
Mega Dice has become a significant player in the crypto gaming sector. The presale has already raised over $1.7 million while priced at a modest price of $0.105266. The platform has been streamlined to enable smooth transactions, offering staking rewards and exclusive benefits to holders. Hence, it is among the top cryptocurrencies to consider investing in now.
Furthermore, holding DICE tokens allows users to stake them and earn daily rewards tied to the casino’s performance. This approach achieves the platform’s goal of ensuring players earn massive profits. The project’s unique strategy also fosters a more sustainable and engaging ecosystem.
Meanwhile, Mega Dice offers exclusive airdrop promotions for DICE holders. These airdrops allocate tokens based on gaming activity and staking levels of each player. This provides substantial benefits for early investors and active users throughout the presale phase.
#DICE presale has raised $1.7 MILLION! 🚀🚀
This milestone brings us closer to revolutionizing GameFi. Remember 👇
Current tier price: $0.105266
Buy $DICE now: https://t.co/Pk6R16oOKkDon't miss out on this opportunity to be a part of the #1 GameFi project on SOLANA! 🚀 pic.twitter.com/NrMJN1mrX0
— Mega Dice Casino (@megadice) August 13, 2024
Moreover, the project has designated 147 million DICE tokens for presale buyers, which constitutes 35% of the total supply. Also, 63 million DICE tokens, representing 15% of the supply, will be allocated for liquidity once the token is listed on a decentralized exchange (DEX).
4. Pyth Network (PYTH)
Pyth Network was one of the top-performing tokens during the early stages of the bull market. PYTH’s value surpassed $1 at its highest point, almost surpassing the $2 mark. Experts now suggest that if its current price trend continues, the token will likely regain this value soon.
PYTH is on a recovery path, with its price now at $0.2812. Its trading volume has also experienced a slight uptick due to a massive surge in trading activity. The recent spike in trading activity has seen it outperform several leading cryptocurrencies today.
Consequently, PYTH market activity has made it a notable token to watch in the current market. As of the time of writing, it is showing a reversal trend, presenting a buying opportunity for investors. Also, PYTH has experienced a rise in trading volume compared to broader market trends.
.@PythNetwork and @ton_blockchain have partnered to unlock high-fidelity data for builders looking to put crypto in every pocket.
Pyth’s pull oracle is set to supercharge the developer experience on TON by offering apps the fastest, most efficient, and most reliable data in… pic.twitter.com/PvcWvmhJRv
— Pyth Network 🔮 (@PythNetwork) August 14, 2024
Notably, such price action often indicates renewed investor interest, which can lead to a modest price increase. Currently, PYTH’s price is relatively closer to its all-time high (ATH) compared to many altcoins. Also, the potential to surpass its ATH in the near term could significantly influence market perceptions of PYTH’s potential.
Hence, Investors seeking short-term trading opportunities should consider adding Pyth to their watch list. This is due to recent favourable predictions as the token shows potential for further gains. Moreover, Pyth Network provides a distinctive service in the crypto industry, ensuring that its assets are likely to remain in demand.
5. Shiba Inu (SHIB)
Shiba Inu’s recent price rise aligns with the announcement of a major Shibarium upgrade. The update features a new interface, offering faster, smoother, and more accessible functionality. These enhancements aim to improve user experience and strengthen SHIB’s market position.
Furthermore, Shiba Inu’s burn rate has surged recently to coincide with its price recovery. This rise in burn rate shows a large number of SHIB tokens being permanently removed from circulation forever. The tokens were thereafter sent to a ‘dead’ wallet, significantly inducing scarcity of the token. This increased burn rate has been credited with SHIB’s uptick in market price.
🎉🎉We recently celebrated Shib's amazing journey so far at the Blockchain Futurist Conference 2024 in Toronto.
Let’s take a closer look 👇🧵 https://t.co/kGKWljxXTj
— Shib (@Shibtoken) August 14, 2024
Consequently, the token has delivered impressive returns to early investors, soaring almost 1.1 million percent since launch. It currently trades at $0.00001362, marking a 2.79% rise over the past seven days. Moreover, the Shiba Inu token’s year-to-date surge is 50%.
Meanwhile, SHIB is trading 67.72% above its 200-day Simple Moving Average (SMA) of $0.0000169. At the time of publication, it recorded 20 green days in the last 30. The token’s 24-hour volume-to-market cap ratio of 0.046 and strong liquidity, demonstrates Shiba Inu resilience and strong market presence.
6. eCash (XEC)
XEC is currently trading at $0.00003238, showing a modest 2% rise for the day. The token has managed to maintain a short-term upward trend despite market fluctuation. It is trading 29.98% above its 200-day Simple Moving Average (SMA) of $0.0000164. Year-to-date, its price has surged by 93%, outperforming 50% of the top 100 cryptocurrencies.
Furthermore, eCash has shown resilience despite fluctuating highs and lows since its launch. Recently, it broke out of a consolidation phase, reaching a resistance level of $0.000046. This surge is partially due to the momentum from its recent halving event.
https://t.co/JNRtj6mcvI v1.5.1 is here!
(Remember to refresh your browser)Building on the contact management features introduced in v1.5.0, this latest update includes:
– Only show content in townhall, articles and direct wallet messages from your contacts
– Article authors… pic.twitter.com/7GFknOT5GH— eCashChat (@ecashchat) August 8, 2024
Meanwhile, the token’s Relative Strength Index (RSI) is below 30, which signals that eCash may be oversold. Despite this, sentiment analysis shows its investors are bullish, hinting at a potential price rebound. This is corroborated by a Fear & Greed Index score of 79, which denotes ‘Greed’ and suggests a positive market outlook.
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