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The quest for lucrative investment opportunities often leads investors to explore assets that promise potential gains and fit within budget constraints. Therefore, this article compiles the “best cheap crypto to buy now under one dollar.” The aim is to pinpoint tokens that have the potential to deliver substantial returns while maintaining an accessible entry point.
6 Best Cheap Crypto to Buy Now Under 1 Dollar
Ether has been on a rally recently, surging 16% in just a week. This strong performance seems driven by investor anticipation of a potential Ethereum spot ETF approval. Moreover, these tokens priced under 1 dollar are gearing for an upward trend:
1. Threshold (T)
Threshold’s intraday surge of over 14% indicates a renewed vigor in the decentralized finance (DeFi) sector. This upward momentum has been even more pronounced over the week, with an impressive gain exceeding 39%. With T’s price at $0.0395, this rally aligns with an upward trajectory in the total value locked within its Bitcoin tokenizing protocol.
Furthermore, DeFiLlama’s latest data reveals that tBTC boasts a TVL of nearly $61 million. This metric reflects a remarkable 846% growth compared to the $6.45 million locked in the protocol in early February 2023. Moreover, T displays a positive trend, showcasing heightened adoption and an expanding market share. Also, Threshold’s price prediction remains bullish, with the Fear & Greed Index indicating a state of “Greed” at 60.
A new $T | $tBTC bond market is now live on @bond_protocol! 🚀
📈: https://t.co/O1CK1TGMSs pic.twitter.com/BHHwE0q1g8
— Threshold Network ✜ (@TheTNetwork) January 11, 2024
The tokens circulating 9.56 billion T out of a maximum supply of 10.52 billion T show robust business activity. In addition, T has experienced a yearly supply inflation rate of 15.93%, creating 1.31 billion T over the past year. Likewise, Threshold trades above its 200-day simple moving average, reflecting stability. Out of the last 30 days, 17 have witnessed positive price movements, constituting 57% of the observed period. Notably, the token maintains high liquidity based on its market capitalization.
2. Bitcoin Minetrix (BTCMTX)
Bitcoin Minetrix is revolutionizing cloud mining by addressing prevalent concerns associated with third-party platforms. The project’s primary goal is to establish a secure and transparent environment within a decentralized framework for individuals engaged in Bitcoin (BTC) mining.
Garnering significant attention, Bitcoin Minetrix has amassed a substantial stake of over 400,000 BTCMTX tokens. The platform proudly boasts an initial annual percentage yield (APY) of 103,225%, a figure subject to adjustment based on increased token staking.
Furthermore, key allocations within the project include reserving 42.5% of BTCMTX tokens for mining operations facilitation. Another notable portion, totaling 35%, is dedicated to propelling marketing initiatives and expanding BTCMTX.
In addition, 15% is earmarked for rewards, encouraging active community participation. Meanwhile, the remaining 7.5% is set aside for BTCMTX staking rewards until the cloud mining platform’s development.
A new $T | $tBTC bond market is now live on @bond_protocol! 🚀
📈: https://t.co/O1CK1TGMSs pic.twitter.com/BHHwE0q1g8
— Threshold Network ✜ (@TheTNetwork) January 11, 2024
During the presale phase, Bitcoin Minetrix raised over $8,386,897 by offering BTCMTX tokens at $0.011 per token. However, investors can seize the opportunity to acquire 70% of the total token supply, amounting to 2.8 billion BTCMTX. Moreover, the purchase transacted using Ethereum (ETH) or Tether (USDT) requires a minimum investment of $10.
3. Siacoin (SC)
Siacoin trajectory signals a bullish trend, indicating the feasibility of new highs. This aligns with a Fear & Greed Index registering at 60, signifying investor greed. Siacoin’s circulating supply exceeds the maximum, standing at 56.18 billion SC against the capped 52.54 billion SC.
Highlighting the past year, Siacoin stands out with an impressive 268% surge in price, outperforming 87% of the top 100 cryptocurrencies. Currently trading above its 200-day simple moving average, Siacoin has experienced 16 green days in the last 30 days, representing 53% of the observed period. Moreover, active trading is observed on the Binance and other known platforms.
We just published the Grants Program update for December! Check out our end of year progress as we bring in more impactful projects to the Sia ecosystem: https://t.co/lGIqG7K3lA
— Sia Foundation (@Sia__Foundation) January 12, 2024
Backed by robust fundamentals and a dedicated crypto community, Siacoin appears poised for substantial growth. Furthermore, speculations regarding potential collaborations with other networks fuel expectations that the SC Coin will surpass $0.0118 by 2024. In a persistently bullish market, an anticipated average price of $0.0107 for Siacoin in 2024 is projected. Conversely, a market decline could lead to the SC Coin’s minimum value dropping to $0.0101 in the same timeframe.
4. Bonk (BONK)
Bonk has recently piqued the interest of investors, prompting substantial token accumulation by major whale players. A trader strategically engaging with BONK tokens has reaped a substantial $6.9 million profit, underscoring the heightened attention the project is receiving. Meanwhile, Bonk has experienced an impressive 6390% growth over the past 90 days.
Moreover, Bonk’s positive price movements can be attributed to various factors, including inflation and central bank interest rates. Furthermore, market sentiment, Solana’s growth, and internal developments within the Bonk project also play a role.
This recent surge in value strongly signals a positive sentiment and a bullish outlook. In addition, the strategic accumulation of BONK tokens by influential market participants, the whales, has significantly contributed to the project’s upward trajectory.
GM
The first week of 2024 came and went
Time to recognize the past to plan for the future and keep building for the New Year.
10 chains, 600,000+ unique holders, and 42 exchanges
Thank you to all 2023 BONK ecosystem builders and integrations🧵A look at BONK 2023 highlights… pic.twitter.com/fWgJgAX7JG
— BONK!!! (@bonk_inu) January 8, 2024
Zooming out to a one-year perspective, Bonk has seen a remarkable 1,235% increase in its price, outperforming 97% of the top 100 cryptocurrencies. Impressively, it has surpassed the performance of industry giants Bitcoin and Ethereum. Bonk trades above the 200-day simple moving average, affirming its sustained positive momentum.
5. Centrifuge (CFG)
Centrifuge’s price sentiment indicates a bullish trend, complemented by a Fear & Greed Index reading of 60, signifying a prevailing state of greed. Currently holding the #52 position in the Ethereum (ERC20) Tokens sector, Centrifuge boasts a circulating supply of 466.06 million. This figure is out of a total maximum supply of 430.01 million CFG.
Over the past year, Centrifuge has demonstrated significant strength with an impressive 174% surge in its price. Furthermore, Centrifuge is actively trading above its 200-day simple moving average, indicating robust and positive market momentum.
Our Q4 2023 recap is here. Catch up on Centrifuge's eventful past 3 months!
🏛 Frax, Aave, and Web3 Foundation get behind real-world assets
🌀 Centrifuge goes live on Arbitrum, Base, and Celo
🌎 The RWA Summit Returns in 2024
⭐️ And much, much more ↓https://t.co/73g3k40KgR— Centrifuge (@centrifuge) January 11, 2024
Despite an annual supply inflation rate of 34.46%, resulting in the creation of 119.45 million CFG in the last year, Centrifuge maintains its positive market standing. In addition, the project’s current market cap rank at #52 underscores its prominence within the Ethereum (ERC20) Tokens sector.
6. Just (JST)
JustLend recently initiated a process to allocate a specific portion of the protocol’s revenue for buy-back and pooling. This strategic move is aimed at fortifying the development of the DAO ecosystem. It involves actively aggregating JST and TRX tokens into SunSwap V2’s JST/TRX liquidity pool (LP). Furthermore, the tokens are subsequently deposited into a pre-burning contract for eventual burning.
This move has turned the market’s attention on JST, trading at $0.031866, marking a 3.91% intraday increase. Over the past year, the token has surged by an impressive 38%, attesting to its resilient and positive long-term performance.
📢Announcement on the Buyback & Pre-burning of the LP ( $JST/ $TRX) Token
📅First pre-burning time: 19:48, Jan 04, 2024 (SGT)
📊The amount of LP (JST/TRX) bought back and pre-burned: 1.764062 (worth about $228,000).👉Learn more details https://t.co/3X2qvJMzJp pic.twitter.com/WWEHaIlCrx
— JUST Foundation (@DeFi_JUST) January 5, 2024
Of notable significance is the token’s consistent performance above the 200-day simple moving average, indicating a sustained positive trend over an extended period. This stability underscores the maturity and reliability of the token within the market.
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