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Trading activities are high, with several tokens trading close to their all-time highs and some creating new ATHs. At the same time, the current market rally has pushed the overall greed score to an extreme of 86, with investors actively updating their portfolios.
Traders seeking a cost-effective market entry or portfolio diversification option are researching cheap tokens. However, identifying the most promising cheap crypto assets requires significant time and effort. This article simplifies this search by listing cheap coins priced under a dollar. It examines their growth potential and offers insights to help traders make informed decisions.
6 Best Cheap Crypto to Buy Now Under 1 Dollar
Bitcoin is rapidly approaching its all-time high of $69,000, with experts foreseeing a potential surge to $200,000. Similarly, numerous tokens are witnessing upward trends. These tokens priced under $1 also allow investors to participate in the market.
1. Pepe (PEPE)
Pepe is designed as a deflationary cryptocurrency that aims to achieve token scarcity by reducing supply and increasing the token’s value over time. Along these lines, the imminent Bitcoin Halving has affected Pepe’s market sentiment as its price has printed over 56% gains in the last 24 hours.
This activity signals increased adoption and transaction, pushing Pepe’s rank to 3 in the memecoin market. Meanwhile, Pepe’s trading metrics further cement the bullish sentiment surrounding its price prediction. Pepe’s closing price has bettered its opening price for 18/30 days, accounting for 60% of green-candle-sticks-filled days.
Moreover, Pepe Coin exhibits strong market momentum, trading near its all-time high and above the 200-day simple moving average. An analysis of Pepe’s market sentiment reveals an Extreme Greed rating of 80 on the Fear & Greed Index, indicating a growing investor appetite for the token.
$PEPE has been nominated ‘Memecoin of the Year’ 🎉🐸
3 days left to get your votes for the frog in 👇https://t.co/Kk5mQzkiJO
— Pepe (@pepecoineth) February 29, 2024
This surge in demand can be attributed to Pepe’s deflationary approach to achieving token scarcity and its alignment with the broader meme coin trend, where popularity and demand significantly influence value.
As a meme coin, Pepe’s value is inherently tied to its transactional use, demand, and popularity rather than utility. Therefore, Pepe is gaining momentum with its recent surge in the memecoin’s popularity and demand.
2. Cronos (CRO)
February saw Cronos amass collaborations, further boosting its adoption. This signaled a drive toward increased adoption. Notably, Cowboy Labs provided an update on their upcoming game, leveraging the power of Unreal Engine. This garnered attention within the gaming community. Additionally, CroSkulls unveiled the Kimera Project, marking the next phase in their gaming protocol expansion efforts.
Transitioning into March, Cronos experienced a notable surge in market momentum. In the past seven days alone, it recorded a remarkable 40.72%. This surge reflects a bullish sentiment surrounding the Cronos project, further supported by its trading performance. Moreover, it has consistently remained above the 200-day simple moving average as the northbound move persists.
Meanwhile, recent market data indicates that Cronos has witnessed 18 green days out of 30. This constitutes 60% of positive trading days. Coupled with its position near its cycle high, this suggests a strong upward trend in its price trajectory.
🎬 Cronos Ecosystem Recap
Wrapping up an exciting month of February across #Cronos for the #CROFam!
A thread on the latest happenings across dApps within the @cronos_chain ecosystem! 🧵 👇
— Cronos (@cronos_chain) March 1, 2024
In addition, Cronos’ announcement of upcoming partnerships with other networks reflects its potential for future growth and market dominance. With this strategic move in mind, analysts predict that the maximum price level of CRO could surpass $0.194 by 2024.
3. Fantom (FTM)
Fantom’s upcoming v2 upgrade promises to introduce several key features to enhance market efficiency. One notable addition is the lending pool feature, designed to facilitate borrowing by enabling borrowers to accept fractional loans. This innovation aims to streamline lending operations, particularly at larger scales.
Additionally, the v2 upgrade will introduce auto-compounding positions. With this, lenders can offer loans perpetually. In parallel, capital and interest will automatically be reinvested when loans are repaid, aiding lending activity.
Meanwhile, Fantom’s native coin has seen an uptick in value in light of the positive market outlook. The coin recorded a 5.92% increase in the last intraday trading session, catapulting its value to $0.515563. Over the past year, the coin has printed a 23% price surge, reflecting a sustained positive market trend. Furthermore, Fantom is trading 46.76% above its 200-day SMA, which stands at $0.352110, indicating a strong performance trend.
Vibing with the #Fantom team, plus @PythNetwork, @Equalizer0x and dozens of frens new & old 💖
Hearing from @michaelfkong on building within the ecosystem and how Fantom will reach #Sonic speeds this spring 🌱
Recording and photos to follow!
Notifications recommended 🔔 pic.twitter.com/v7UWaZBsco— Fantom Foundation (@FantomFDN) February 29, 2024
In terms of recent performance, Fantom has demonstrated resilience. It boasts 16 green days out of the last 30, accounting for 53% of the trading period. This consistent positive trajectory reflects the coin’s high liquidity, as evidenced by its market capitalization.
4. Bitcoin Minetrix (BTCMTX)
Bitcoin Minetrix’s presale has gathered a lot of attention, raising $11,654,717 so far. The project aims to change BTC mining for miners by addressing concerns like high hardware costs and scams. With Bitcoin Minetrix, users can stake their BTCMTX tokens to access cloud mining credits, ensuring a safe and easy mining experience.
Furthermore, Bitcoin Minetrix offers key features that are different from traditional mining. This offering includes a low-cost entry point with no minimum buy requirement. In addition, it provides decentralized and user-owned tradable tokens for safety.
It also has user-controlled risk management with easy withdrawal and selling options. In Stage 29 of its presale, Bitcoin Minetrix has seen 708,997,871 BTCMTX tokens staked with an APY of 58%. The token is priced at $0.0138, allowing investors to benefit from the current price before an expected increase in 4 days.
Stage 29 of #BitcoinMinetrix has now begun! 🟢
What are the economic incentives for #Bitcoin miners? pic.twitter.com/XAdC1a4qOH
— Bitcoinminetrix (@bitcoinminetrix) March 1, 2024
Bitcoin Minetrix offers a promising solution without high costs and risks for crypto enthusiasts interested in BTC mining. Meanwhile, its decentralized approach and user-friendly features aim to make mining accessible to more people.
Visit Bitcoin Minetrix Presale
5. Algorand (ALGO)
Algorand has partnered with the United Nations Development Programme (UNDP) to launch the Algorand Blockchain Academy. With potential applications for sustainable development, this initiative aims to educate UNDP staff on blockchain technology.
Furthermore, the collaboration between Algorand and UNDP highlights the growing interest in blockchain’s real-world utility. Mainly, this partnership covers sectors focused on sustainability and development. Algorand’s robust use cases have positioned it as an attractive option for investors seeking a secure and scalable platform.
This growing adoption positively impacts the coins market trends, with a 47.54% rally in the past month. At the same time, investor sentiment is positive, as indicated by a greed score of 80. This score signals growing enthusiasm regarding the ALGO token among market participants.
👂 @Tangem heard #AlgoFam loud and clear!
Algorand is now available in Tangem's cold wallet.
Easily manage your Algo with true hardware security in the latest version of their app — available in the App Store or Google Play.
Algorand users can get 10% off with the code ALGO10.… pic.twitter.com/LRo2t6Vb4i
— Algorand Foundation 🐍 (@AlgoFoundation) March 1, 2024
Moreover, Algorand’s price performance is noteworthy, considering its sustained upward trend. The coin trades 41.93% above its 200-day SMA at $0.166366. This indicates strong bullish momentum in the market, supported by 22 green days out of the last 30.
6. Beam (BEAM)
With the gaming market on the rise, the $BEAM token is gaining traction. The Beam network, powered by the Merit Circle DAO, seeks to transform the gaming industry through collaboration between gamers and developers. As such, the ecosystem offers the Beam SDK, a versatile software development kit empowering game developers to craft their in-game blockchain elements using various tools.
Last month, Beam held market attention with some notable integrations and announcements. Among these were the Immutable zkEVM integration and ForgotPlayland $FP launch.
In light of the positive wave around gaming tokens, Beam use cases have seen it hit a steady northward movement. On this note, the sentiment surrounding Beam’s price prediction is bullish. This sentiment has rewarded the token with 18 green days out of the last 30 as closing prices take the lead.
What has happened this month? 📜
🟠 Sphere @Immutable zkEVM integration
🟠 @Edenhorde 2 year anniversary
🟠 @ForgotPlayland $FP launch
🟠 @MeritCircle_IO community event announcement #MCWaterTower24 pic.twitter.com/FEL43sgxJv— Merit Circle (@MeritCircle_IO) February 29, 2024
Furthermore, the Fear & Greed Index currently stands at 80, indicating investor trading activities. Trading near its all-time high of $ 0.037959, experts anticipate a potential surge in Beams value. This could occur if the upward trend persists, potentially leading to a new all-time high.
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