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In a bullish market, finding tokens with good investment potential trading for less than a dollar is important. These tokens offer investors a cost-effective entry into the market.
However, pinpointing the best cheap coins to add to your portfolio is tasking. Insidebitcoins has made this search easier by listing the “best cheap cryptocurrencies to buy now under one dollar.”
6 Best Cheap Crypto to Buy Now Under 1 Dollar
The crypto market experienced a surge this week, with numerous coins increasing in value, resulting in significant returns for investors. Sei’s V2 shows promising results that have increased its market value.
Moreover, Kaspa’s price is rallying as it partnered with CryptoWallet to streamline transaction processes for traders. Similarly, Bitcoin Minetrix has raised over $10 million as investors jump on its presale. Likewise, this week saw significant gains for altcoins such as Optimism and Stacks.
1. Bonk (BONK)
Bonk recently introduced BONKrewards through ArmadaFi, which is attracting interest in the crypto space. With this feature, traders can earn rewards for various community-built products within the BONK ecosystem by locking the Bonk token. These products include including BonkBot, SVB, and BONKswap.
Moreover, the success of these participating ecosystem products means more rewards for users who opt to lock their BONK tokens. In addition, there are time-based incentives for participants who lock their coins for longer lock-up periods.
Following this announcement, market activity has increased, with Bonk surging by over 23.25% intraday. This rally pushed BONK’s trading value to $0.00001307 as investors aim to capitalize on the BONK rewards.
Introducing BONKrewards by @ArmadaFi
Lock your BONK to earn rewards from Community built BONK Eco products like BonkBot, SVB, and BONKswap.
Success of participating BONK Ecosystem Products = more rewards for users who Lock their BONK, with boosted rewards from the pool for… pic.twitter.com/ltQPMY4wTD
— BONK!!! (@bonk_inu) February 10, 2024
Furthermore, Bonk is trading at 550.69% above its 200-day SMA of $0.0000002013. This upward trend coincides with a 1,449% surge over the past year, bettering 97% of the top 100 coins. Riding on this wave, Bonk demonstrates high liquidity based on its market capitalization.
Meanwhile, technical indicators on Bonk’s 4-hour chart suggest a bullish outlook, indicating potential continued growth in the next 24 hours. Likewise, the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) indicators signal bullish trends, fostering positive investor sentiment.
2. Kaspa (KAS)
Kaspa has recently teamed up with CryptoWallet to streamline transaction processes for traders. CryptoWallet, a leading crypto neo-bank, aims to make crypto as widely accepted as fiat currencies. This is welcoming news for KAS, as with this integration, traders can now conveniently perform various crypto activities. In particular, this includes buying, selling, storing, swapping, and spending the KAS tokens.
Meanwhile, KAS has surged by 38% over the past four days, continuing its upward trend. Both fundamental factors and on-chain data support this remarkable performance. Notably, Kaspa’s hash rate has recently reached an all-time high of 185.61 PH/s.
This indicates growing network activity and interest. Hence, there is optimism that this hash rate could exceed 200 PH/s by the end of February. This projection further validates Kaspa’s value proposition and technical capabilities.
🎉New Wallet Integration for #Kaspa!$KAS is now available on @CryptoWalletcom!
"It's a revolutionary crypto neo-bank that aims to bring the same level of mass adoption as fiat. Buy, sell, store, swap and spend crypto all in one platform."Learn more: https://t.co/evoP6QjuRi… pic.twitter.com/i2U98mivKG
— Kaspa (@KaspaCurrency) February 5, 2024
As short-term sentiment remains positive, Kaspa believes this momentum can be sustained in the long run. Moreover, the upcoming days and weeks will provide more clarity on this matter. Looking forward, Kaspa remains dedicated to innovation and its role in the DeFi sector.
The roadmap includes significant milestones, starting with the highly anticipated launch of Rusty Kaspa public Testnet 11. This release aims to bring substantial improvements and new features to Kaspa’s platform.
3. Mantle (MNT)
Mantle has risen to prominence on Ethereum’s Layer 2 networks, securing the fourth spot in Total Value Locked. As such, MNT has garnered considerable attention from investors two months after its launch, offering an APY of 7.2%.
Demonstrating its ability to handle high transaction volumes, Mantle is establishing itself as a strong contender in the layer-2 (L2) ecosystem. With a robust capability to process up to 200 transactions per second, it is challenging established networks head-on.
As of today, the price of Mantle stands at $0.647970, marking a 3.97% increase in the last 24 hours. Furthermore, investor sentiment surrounding Mantle’s price prediction is currently bullish. Alongside this, the Fear & Greed Index indicates a score of 74, reflecting optimism in the market.
'Nuff said — $mETH cap has been raised to 520,420 $mETH (iykyk) 😏
✅️ 2X market yield
✅️ Target APY 7.2%
✅️ Multiple $mETH integrations for that extra boost in yield🙋♂️ Who's in?
🚂 All on board the $mETH train now: https://t.co/VnSquaRqEx pic.twitter.com/kd3Fmkr8OG
— Mantle (@0xMantle) February 9, 2024
Over the past 30 days, Mantle has experienced 15 green days, accounting for 50% of the period, signaling a positive trajectory. As the project trades near its cycle high, investors are closely monitoring its performance.
4. Sei (SEI)
Sei has introduced its latest version, Sei V2, to tackle scalability issues within the Ethereum ecosystem. With this move, it aims to enhance scalability in the cryptocurrency industry.
Moreover, performance metrics show impressive results for Sei V2, with transaction finality clocking in at around 380 milliseconds. In addition, it supports a throughput of about 20,000 orders per second. Furthermore, the testnet has recorded over 100 million transactions, with an active user base of 4 million.
Almost 9 out of 10 active developers work on at least one EVM chain.
After Sei v2, for the first time ever, they can build in a brand new design space to unleash the full potential of their apps 🔴💨 pic.twitter.com/AW7yCJIuho
— Sei 🔴💨 (@SeiNetwork) February 9, 2024
In the market, Sei shows resilience by maintaining the $0.60 price level, earning appreciation from investors. Following a remarkable surge, it seems poised to surpass the $1 mark shortly. Meanwhile, investor sentiment towards Sei remains positive, evidenced by a greed score of 74, indicating significant trading activities.
5. Bitcoin Minetrix (BTCMTX)
Bitcoin Minetrix is reshaping the cloud mining landscape with its innovative Stake-to-Mine mechanism on the Ethereum platform. This approach bridges the gap between blockchains while addressing the limitations of traditional cloud mining methods.
Just 1 day remaining until Stage 24 of #BitcoinMinetrix wraps up! 🚀
What role does transaction privacy play in #Bitcoin mining? pic.twitter.com/Qay5cX1syl
— Bitcoinminetrix (@bitcoinminetrix) February 9, 2024
Unlike traditional cloud mining, which often demands significant upfront investment, Bitcoin Minetrix offers a more accessible entry point. In particular, a minimum purchase isn’t required in the presale phase. This move democratizes mining opportunities and fosters inclusivity within the platform.
Moreover, security is paramount in cryptocurrency, and Bitcoin Minetrix achieves this through a decentralized approach. Therefore, this grants users ownership of tradable tokens. In addition, it eliminates the need for cash deposits, enhancing security within the platform.
Also, Bitcoin Minetrix simplifies risk management by allowing users to withdraw and sell tokens easily. In contrast, traditional cloud mining contracts typically involve long-term commitments and lack flexibility.
Furthermore. the project’s presale has amassed significant attention, raising $10 million within a few months. With 39 presale stages, investors can participate in the project’s growth. Stage 24 of the presale is nearing completion; investors should capitalize on the current price of $0.0133 before the next increase.
Visit the Bitcoin Minetrix presale.
6. Oasis Network (ROSE)
Oasis Network has made significant strides in enhancing its cross-chain interoperability by forming key partnerships with PancakeSwap and CelerNetwork. These partnerships introduce the native token, ROSE, and its wrapped version, wROSE, into the BNBChain ecosystem.
In parallel, Oasis Network has collaborated with RevolutApp to raise awareness about Web3 privacy. The aim is to educate users on data confidentiality.
We're excited to share that we've partnered with @RevolutApp to boost Web3 privacy awareness!
Dive into Revolut's Crypto Learn for lessons on our technology and vision for a privacy-enabled Web3
Earn rewards while mastering Smart Privacy with Oasis:
— Oasis (@OasisProtocol) February 9, 2024
Meanwhile, these collaborations have led to a surge in ROSE’s price, which reached $0.122801 after a 2.42% intraday rally. Currently, the price is trading at 111.63% above the 200-day SMA of $0.057879, reflecting an upward trend. Similarly, Oasis Network’s price prediction remains bullish, as indicated by a greed score of 74.
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