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6 Best Cheap Crypto to Buy Now Under 1 Dollar January 22

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AXL
AXL

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With yesterday’s trading volume increasing by 24%, investors’ sentiment is renewed. On this note, traders seek affordable tokens to capitalize on the projected bulls. However, with the rapid changes in the market, pinpointing these tokens becomes a hassle. This article addresses this issue by compiling “the best cheap crypto to buy now under 1 dollar.”

6 Best Cheap Crypto to Buy Now Under 1 Dollar

Axelar trading session is in the green zone after traders mounted selling pressure. Moreover, ChainsAtlas and aelf recently partnered to enhance cross-chain interoperability between their blockchains. This news has received positivity with market greed rising.

Meanwhile, Dogecoin has experienced a significant surge in the past 24 hours. This aligns with the enthusiastic response from the crypto community toward the unveiling of a specialized payments account by Elon Musk’s X platform.

1. Axelar (AXL)

Selling pressure is on as Axelar’s 5.82% intraday gain has pushed its price to $0.959542. Similarly, trading volume has increased by 32.00 to reach $30.37M, keeping its market dominance at 0.035. Over the past year, it surged impressively by 79%, outperforming 68% of the top 100 crypto assets.

Furthermore, Axelar is positioned above its 200-day simple moving average, displaying an overall uptrend. Besides, it positioning itself near its cycle high, indicating strong market performance. The sentiment is positive, which is evident in a Fear & Greed Index of 55 (Greed).

AXL Price Chart

On Dec 17, 2023, Axelar peaked at an all-time high of $1.265760, while its lowest point was on Oct 26, 2023, at an all-time low of $0.313441. Following its last cycle low, the lowest price touched was $0.872969 (cycle low), and the highest was $0.994818 (cycle high). This shows the coin’s ability to resend to an upward trend.

For better market understanding, 542.79M AXL is in circulation, with a yearly supply inflation rate of 642.21%, resulting in 469.65M AXL last year. Meanwhile, Axelar boasts high liquidity based on its market cap and actively trades on the KuCoin platform.

2. aelf (ELF)

ChainsAtlas and aelf recently forged a strategic partnership to enhance cross-chain interoperability between their blockchains. The primary goal is to elevate engagement within the Web3 community. In addition, it amplifies the functionality of decentralized applications (DAPPs). 

This is particularly true in sectors like finance and business, where their usage is rising. Furthermore, the collaboration empowers users to access a more extensive array of digital assets on the aelf platform.

ELF Price Chart

Along the same line, the integration of ChainsAtlas is poised to expand the capabilities of the aelf blockchain. This provides a gateway for a diverse range of DAPPs and games. 

Backed by a robust foundation and unwavering community support, aelf is poised for future growth. Analysts anticipate that, with further collaborations announced by aelf with other networks, the ELF Coin could surpass $0.77 by 2024. In a bullish crypto market scenario, the average price of the aelf Coin is expected to stabilize around $0.69 by 2024.

3. Mantle (MNT)

Mantle’s is riding an upward trend, in sync with a Fear & Greed Index at 55, indicating “Greed.” Priced at $0.678054, it boasts a 24-hour trading volume of $39.80 million, a $2.14 billion market cap. In addition, the market dominance stands at 0.13% despite a slight 0.16% dip in the last 24 hours.

MNT Price Chart

On January 11, 2024, the Mantle peaked at $0.849765. Meanwhile, the tokens’ post-all-time high low hit $0.664949. However, the highest point since that low is $0.687299. Furthermore, MNT has a circulating supply of 3.16 billion MNT out of a maximum of 6.22 billion MNT. 

To build on that, Mantle holds the #9 spot in Ethereum (ERC20) tokens and #4 in the Layer 2 sector by market cap. In a nutshell, Mantle looks promising with recent positive trends, making it one to watch for potential growth in the current market.

4. IoTeX (IOTX)

IoTeX is entering the market’s eye with a Fear & Greed Index score of 64, suggesting market activity. This score places IOTX in the green zone with a price of $0.046340, reflecting a 10.92% intraday increase.

IOTX Price Chart

Furthermore, IoTeX’s circulating supply is 9.44 billion IOTX out of a maximum supply of 10.00 billion IOTX. In addition, the yearly supply inflation rate is -1.04%, indicating a decrease of -99.40 million IOTX in the past year.

Meanwhile, IoTeX’s outlook for the past year shows a 60% increase, outperforming 61% of the top 100 tokens. In particular, it trades above the 200-day simple moving average, showcasing positive momentum. Also, IOTX’s current liquidity is robust, reflected in a market cap of $437.51M. In addition, a 0.03% market dominance ensured its intraday trading volume hit $55.83M.

5. Flow (Flow)

Flow’s sentiment is neutral; however, investors are holding with sustained green candles in view. Over the last 24 hours, Flow’s price dipped by 2.27% to $0.775717 while holding a market cap of $1.15 billion and a market dominance of 0.07%. Notably, Flow is trading actively above its 200-day moving average, showcasing positive momentum compared to its token sale price. 

FLOW Price Chart

Of the last 30 days, 15 have seen positive movements, constituting a 50% green trend, signaling a robust pattern. In addition, Flow’s liquidity stands firm, underlined by its market cap. Turning to historical performance, Flow reached an all-time high of $44.91 on April 19, 2021. Meanwhile, it hit a low of $0.391680 on September 11, 2023. In the most recent cycle, the low was $0.391680, and the high reached $1.034120.

Furthermore, about 1.48 billion FLOW is circulating out of a max supply of 1.37 billion. Meanwhile, Flow boasts a yearly supply inflation rate of 43.18%, creating 447.48 million FLOW in the last year. Besides, Flow stands at the forefront of the NFT Tokens sector and holds the 31st position in the Layer 1 sector based on market cap.

6. Sponge V2 ($SPONGE V2)

Sponge is making a strong comeback with the launch of Sponge V2, an upgraded version surpassing Sponge V1. The coin is positioned to ride the upcoming bullish market; Sponge V2 builds on its predecessor, integrating Play-to-Earn (P2E) utility into the Sponge Ecosystem.

Moreover, Sponge is actively conducting a presale to streamline the transition. As such, it provides users exclusive opportunities to acquire bonuses and access an automatic staking system. Besides, this strategic initiative aims to engage existing users and entice new participants into the expanding Sponge community.

Furthermore, Sponge’s journey is impressive, highlighting impressive growth. Beginning with a $1 million valuation, Sponge V2 experienced a substantial surge, peaking at over $100 million in 2023, eventually stabilizing at $16 million. This robust growth underscores the project’s resilience and potential in the market.

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