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The cryptocurrency market saw a considerable portion of its value washed away yesterday. This unexplainable bearish sentiment has seen several investors investing in the best cheap crypto under 1 dollar to recoup losses. This reaction has caused several altcoins, including BTC, to exhibit price instability as it briefly sank below the $60,000 mark.
However, despite the dip resulting in sideways trends in the general market, savvy investors are taking advantage of the cheap prices of the tokens. Analysts have confirmed that the corrective rally will start with cheap crypto to buy under 1 dollar.
6 Best Cheap Crypto to Buy Now Under 1 Dollar
Several low-priced tokens have outperformed high-cap tokens in price appreciation, with VeChain being a prime example. VeChain has demonstrated significant growth potential, providing substantial returns to early investors. Also, our thorough analysis of a presale token, Pepe Unchained, highlights why this token is worth serious consideration.
Today’s review examines the profit potential of Beam, VeChain, BitTorrent, Gala, and Bonk. Currently trading below one dollar, these tokens have surged between 7% and 15% in the past 24 hours. This performance is notable against the backdrop of the current market’s overall bearish sentiment, suggesting promising investment opportunities.
1. VeChain (VET)
VeChain (VET) partnered with Concordium to enhance transparency in the global food supply chain. This collaboration improves consumer confidence by simplifying the tracking of food items. It also helps to confirm the source of these food items and their authenticity and ensure ethical sourcing. The integration of Concordium’s Proof-of-Stake mechanism strengthens VeChain’s position among supply chain solution providers.
Additionally, the VeChain team has completed the final voting phase on the testnet and has manually distributed the outstanding rewards. A thorough review of the testnet confirmed the successful deployment of the VeChainThor (VTHO) mainnet. This upgrade ensures a seamless transition to the new system, enhancing the platform’s operational capabilities.
The ongoing partnership with Concordium and recent market trends indicate a potential price rise to $0.09. Key milestones, including the launch of VeChainThor and progress with VeBetterDAO, are likely to contribute to further adoption and growth in the coming months.
Currently, VET is trading at $0.02215, marking a 27% increase within the last 24 hours. Investor sentiment remains high, with the Fear and Greed Index at 80, showing extreme greed. Additionally, the token’s Relative Strength Index (RSI) is above the midpoint, hinting at further upward momentum soon.
2. Beam (BEAM)
Beam is committed to eliminating user data mismanagement by providing a platform that ensures secure and reliable transactions. It offers various features, including private stablecoins, NFTs, and automated market makers (AMMs). Beam also plans to introduce new functionalities like lending, oracles, sidechains, and wrapped assets.
In addition, Beam is a gaming network supported by the Merit Circle DAO. The BEAM network is focused on building a collaborative ecosystem to advance the gaming industry. By connecting developers and players, it fosters partnerships that will help shape the future of gaming.
Moreover, Beam also protects user addresses and gives users full control over their privacy through blockchain technology. The token experienced a slight decline of over 2% last week. However, recent trends indicate a notable recovery, with the token making significant gains in the last 24 hours.
🔥 $BTT Total Supply is now over $7.04 Million on #JustLendDAO!
Visit #JustLendDAO: https://t.co/t7ErQpEkQq pic.twitter.com/QPFuS0tbXu
— BitTorrent (@BitTorrent) October 10, 2024
Currently, the token is priced at $0.01282, representing a 3% increase over the past 24 hours. Year-to-date, Beam has risen by over 208% in value. Additionally, the token’s Relative Strength Index (RSI) is trading above the 50 trendline, signaling bullish momentum and potential for further growth before the weekend.
3. BitTorrent (New) (BTT)
BitTorrent is recognized as the “largest decentralized P2P communications protocol” globally. The platform recently announced a major upgrade, with plans to halve rewards for storage miners from 15 billion BTT to 7.5 billion BTT. This change, which began in June, has enhanced the network’s efficiency and boosted node performance.
As a decentralized P2P sharing and torrent platform, BitTorrent has established itself as a key player in the crypto market. Its popularity continues to grow, with the project recording a 40% increase in trading volume over the past 24 hours despite a broader market decline.
The native token, BTT, operates on the TRON blockchain under the TRC-10 standard. Since TRON acquired BitTorrent, the platform has seen wider adoption and expanded its use cases by launching various new tools. The $BTT token continues to gain significant traction in the market following its launch.
🔥 $BTT Total Supply is now over $7.04 Million on #JustLendDAO!
Visit #JustLendDAO: https://t.co/t7ErQpEkQq pic.twitter.com/QPFuS0tbXu
— BitTorrent (@BitTorrent) October 10, 2024
Last week, BitTorrent maintained a bullish outlook, driven by strong buying pressure at $0.0000009044. This momentum favors the bulls and may continue in the coming days. However, bearish activity could emerge if the recent Ether ETF spot approval fails to generate sufficient market excitement.
4. Pepe Unchained (PEPU)
Pepe Unchained’s flexible Layer 2 blockchain technology makes it a standout project in the crypto market. This feature enables the platform to offer users smooth trading experiences. It also helps investors transact digital assets without worrying about high costs and network delays. This focus on efficiency has garnered positive feedback from crypto enthusiasts.
Furthermore, PEPU has been strategically developed on the Ethereum blockchain to utilize Layer 2 technology. It allows faster and more cost-effective transactions in addition to Ethereum” efficiency. This makes it the first Pepe-themed token to operate on this blockchain layer. Moreover, the project offers a staking feature, allowing early investors to earn a significant APY well above 117%.
And with that, Pepe Unchained reaches $18.5M raised.
The community is STRONG. The tech is STRONG. And we're gaining new ground everyday. 💪 pic.twitter.com/kEzq8lVIge
— Pepe Unchained (@pepe_unchained) October 10, 2024
Meanwhile, Pepe Unchained has successfully raised over $18.7 million, highlighting significant interest in the project. This early success underscores strong investor confidence and hints at the potential for substantial returns. Prospective investors are encouraged to participate in the project now at a modest price of $0.00996 before it rises tomorrow.
5. Gala (GALA)
Gala enables developers to create custom tokens, smart contracts, and node networks. It also allows them to seamlessly bridge their tokens across blockchains like Ethereum and Binance Smart Chain. Its ecosystem thrives on independent node networks, incentivizing active community participation.
GalaChain, a layer-1 blockchain, is the foundation of its Web3 ecosystem. Initially focused on Gala’s entertainment sectors—Gala Games, Gala Music, and Gala Film—it aims to empower users worldwide. GalaChain aspires to become the first blockchain to reach a billion users. It also provides developers with tools like its SDK and Creator Portal to integrate Web3 into their communities.
CertiK has recognized Gala as one of the most secure altcoins globally. Using a Gnosis multisig safe ensures operational security with collective oversight. Gala also collaborates with leading agencies to uphold governance and compliance.
What’s a VPS, and why are so many web3 projects using them? Find out how Virtual Private Servers power decentralized networks, making them scalable and cost-effective.https://t.co/q1azlpJSCY#web3 #decentralized #VPS
— Gala Games (@GoGalaGames) October 9, 2024
Currently, Gala is priced at $0.021, with its value increasing by over 1000% since its inception. Trading activity has risen by 2.3% over the past 24 hours, with the token trading well above its 200-day SMA.
With a 14-day RSI of 44.39, Gala remains in a neutral zone. Its bullish momentum is evident, with 15 green days in the last 30, reflecting a 50% positivity rate. With an 8% 30-day volatility rate and strong liquidity, Gala shows signs of stability and ongoing growth.
6. Bonk (BONK)
Bonk has made a name for itself as the first dog-themed cryptocurrency on the Solana blockchain. Since its launch, the token has experienced a strong rally, posting significant gains in its first quarter. Currently, Bonk is trading at approximately $0.00002078. Analysts believe that its unique concept could push it towards the $0.001 mark by the end of 2024.
Analysts also remain optimistic about Bonk’s ability to maintain its strong launch momentum. The token’s price trend reflects its resilience, with steady growth fueling investor speculation about its potential to reach $0.01 in the near future. It trades at 3.7% higher than its value yesterday.
The rising popularity of meme tokens continues to boost Bonk’s value. Built on the Solana blockchain, which is known for its scalability and speed, Bonk attracts investors seeking faster and more cost-efficient alternatives to Ethereum-based meme tokens.
Currently, Bonk is trading 10,825% higher than the previous year. The token capitalizes on bullish sentiment, with a Fear & Greed Index of 70, indicating greed. Bonk has maintained a positive trend, with 26 green days in the past 30. The token is trading above its 200-day SMA, with a Relative Strength Index (RSI) of 60, signaling bullish momentum.
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