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With the crypto market dominating headlines and investments, the allure of finding promising assets at an affordable price is undeniable. Several tokens priced under $1 offer opportunities for investors seeking potential growth without a huge initial investment.
These ‘cheap’ tokens often carry the prospect of significant returns, making them an enticing option for investors. Therefore, Insidebitcoins regularly lists the best cheap crypto to buy now under $1.
6 Best Cheap Crypto to Buy Now Under 1 Dollar
Investors in the crypto space eagerly await a pivotal decision from the U.S. Securities and Exchange Commission (SEC) regarding approving a spot bitcoin exchange-traded fund (ETF). This decision carries significant weight, considering past rejections spanning over a decade for similar ETF proposals.
1. Pocket Network (POKT)
Pocket Network positions itself as a decentralized infrastructure supporting applications of various sizes. Its global network, comprising thousands of full nodes, caters to the data needs of over 50 blockchains. Moreover, the platform ensures uninterrupted service, optimized quality, user-friendliness, and a high level of privacy and censorship resistance for developers.
Reflecting on POKT’s market performance, its highest price since the previous low hit is $0.198817, marking a significant cycle high. Meanwhile, sentiment analysis leans bullish, with the Fear & Greed Index registering 71 (Greed). Notably, the circulating supply is 1.52 billion POKT out of a maximum supply of 1.15 billion POKT. The yearly inflation rate is 129.84%, creating 859.53 million POKT last year.
That neatly wraps up the first week of 2024 at POKT Network.
Catch up on what went on during the last week of 2023 below. https://t.co/NNH2Z6bMKD
— POKT Network (@POKTnetwork) January 6, 2024
Furthermore, POKT’s recent performance encompasses a 286% price increase over the past year. As such, it outperformed 87% of the top 100 crypto assets within the same period, including Bitcoin and Ethereum. Additionally, the asset is trading above the 200-day simple moving average. Pocket Network has seen 17 positive trading days in the last 30 days, comprising 57% of the observed period.
2. Threshold (T)
Threshold has displayed notable performance metrics over the past year. T boasts a circulating supply of 9.56 billion T out of a maximum supply of 10.52 billion T. In addition, the token experienced a 15.93% yearly supply inflation rate, creating 1.31 billion T in the last year.
Furthermore, T’s price movement reflects a 104% increase in value over the last year, outperforming 67% of the top 100 tokens. Moreover, it is trading above its 200-day simple moving average and has exhibited 15 green days out of the last 30, representing a 50% positive trend.
Liquidity appears robust, reflected by its market cap. This robust liquidity is coupled with a dedicated community supporting the project. Likewise, T Coin’s strong fundamentals position it for potential growth in the future. Anticipated collaborations with other networks could further bolster its prospects.
A new edition of the Threshold Time drops soon 🗞️
Subscribe here👇 https://t.co/ossq0Bu3UA
— Threshold Network ✜ (@TheTNetwork) January 5, 2024
Predictions regarding the T Coin’s future price vary based on market conditions. In an optimistic scenario with collaborations and a bullish crypto market trend, the maximum price projection for 2024 stands at $0.108. However, in a stable market, the projected average price for the same period is around $0.097. Conversely, the minimum projected value for 2024 in a market downturn could reach $0.091.
3. Siacoin (SC)
Sia recently launched renterd 1.0, the advanced successor to siad, marking a significant step in decentralized storage. This upgrade introduces a modular architecture, enhancing scalability and user-friendliness by separating it into Bus, Worker, and Autopilot modules.
Furthermore, it addresses Siad’ssiad’s downtime issues by supporting SQL databases like SQLite and MySQL for continuous operation. The new web-based user interface improves accessibility and includes a sophisticated alert system for real-time monitoring.
Notably, renterd introduces S3 compatibility, broadening its use cases, and incorporates efficient storage management features like built-in upload-packing and contract pruning. This launch signifies a major leap forward for Sia, promising further advancements in decentralized storage technology.
The clock is ticking! We're down to the final ten days of the Sia Innovate and Integrate #Hackathon. It's been an incredible month, full of innovation, creativity, and groundbreaking ideas. It's been fantastic to see so many participants.https://t.co/TaweJtKmMB
— Sia Foundation (@Sia__Foundation) January 5, 2024
Moreover, Siacoin’s price surged by 260% last year, outperforming 87% of the top 100 crypto assets, including Bitcoin and Ethereum. SC is trading above the 200-day simple moving average. Moreover, Siacoin has seen 16 green days out of the last 30 (53%), reflecting high liquidity based on market cap.
Switching focus to SC’s supply dynamics, the current circulating supply stands at 56.16 billion SC out of a maximum supply of 52.54 billion SC. In addition, the yearly supply inflation rate is 6.81%, creating 3.58 billion SC in the last year.
4. Sponge V2 ($SPONGE V2)
Sponge V2 has captured the market’s interest with significant growth since its inception. Initially starting with a value of $1 million, the coin hit a market capitalization exceeding $100 million in 2023. However, recent data shows its market capitalization has reduced to $16 million. Meanwhile, the project has garnered a community of over 11,500 holders.
Remember, #SPONGEV2 can only be earned by staking $SPONGE! 🧽
Don't miss this exclusive launch and your only chance to secure V2 tokens.
GO GO GO 🚀🔥#AltSeason #Crypto #MemeCoin pic.twitter.com/bEXMzC98tN
— $SPONGE (@spongeoneth) January 8, 2024
Furthermore, one feature introduced by Sponge V2 is the Stake-to-Bridge model, aiming to aid the transition for $SPONGE holders to V2. This model incentivizes and retains existing holders through staking mechanisms.
The project’s roadmap indicates plans for primary exchange listings supported by a community of 30,000 members. These strategic steps position the $SPONGE V2 project for potential growth. Moreover, it has drawn interest from prospective investors exploring opportunities in the cryptocurrency market.
5. VeChain (VET)
The recent partnership between VeChain (VET) and BCG aims to bolster the adoption of Web3 technology without environmental repercussions. They focus on integrating blockchain solutions within industries known for substantial carbon emissions. This initiative aligns with VeChain’s previous collaboration with the Better Holiday Contest, which incentivized sustainable concepts.
Furthermore, the sentiment surrounding VeChain’s price prediction remains neutral. Meanwhile, the Fear & Greed Index indicates a value of 71, signaling a state of greed among traders. VeChain’s circulating supply stands at 72.71 billion VET out of a maximum supply of 86.71 billion VET.
Want a peek behind the curtain of sustainable innovation? Join us on Instagram and unlock the secrets of #VeChain!
Witness groundbreaking tech, discover hidden Web3 gems, and experience the future of green progress unfolding before your eyes. https://t.co/8qv8YDFUj3 pic.twitter.com/2SUAaTnki4
— vechain (@vechainofficial) January 7, 2024
Moreover, VET’s key highlights include VeChain’s 82% price increase over the past year. Additionally, it remains trading above the 200-day simple moving average. Therefore, the coin indicates stability and exhibits high liquidity based on its market cap.
6. Bitcoin Minetrix (BTCMTX)
Bitcoin Minetrix offers users a different approach to cloud mining, employing tokenization to address concerns associated with third-party cloud mining platforms. The project aims to provide a secure environment for individuals to engage in Bitcoin (BTC) mining within a decentralized framework.
Gaining attention, Bitcoin Minetrix has garnered a substantial stake of over 400,000 BTCMTX tokens. Notably, the platform presents an initial annual percentage yield (APY) of 103,225%, which may fluctuate based on increased token staking.
The stake-to-mine concept is an innovative idea set to revive #Bitcoin mining for regular #Crypto enthusiasts. 🔄🪙
Those on #BitcoinMinetrix only require an Ethereum-compatible wallet like #MetaMask, simplifying everything significantly. pic.twitter.com/YbvHCw7Nj3
— Bitcoinminetrix (@bitcoinminetrix) January 8, 2024
During the presale phase, the project raised over $7,813,454 by offering BTCMTX tokens at $0.0127 per token. Investors can acquire 70% of the total token supply, totaling 2.8 billion BTCMTX tokens. This can achieved using Ethereum (ETH) or Tether (USDT), with a minimum investment of $10. Notably, the token distribution strategy emphasizes the mining infrastructure’s fortification and the platform’s gradual expansion.
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