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Bitcoin’s attempt at even a modest early rally since its massive slump on Friday was quickly snuffed out. The token has seen its value eroded to trade below $60,000. Notably, this downturn has spread across the general crypto market as major altcoins experienced a major downturn.
Despite the gloom of the crypto market, some low-priced altcoins have entered our “best cheap crypto to buy” list. Cat in a dogs world, Ethena, JasmyCoin and Wormhole emerge as promising cryptos today, showcasing the widespread momentum propelling digital assets forward. We analyze these coins to determine their profitability.
6 Best Cheap Crypto to Buy Now Under 1 Cent
Several altcoins, including Cat in a Dogs World, Ethena, Wormhole, and JamsyCoin, are experiencing notable upswings. Ethena, in particular, has shown explosive growth since its launch, amassing over $900 million in market cap before a recent consolidation. Analysts are now suggesting a potential upward price movement could be imminent.
Regarding upcoming high-value crypto projects, Base Dawgz and The Meme Games are changing the crypto space. These innovative projects integrate special features into the meme token landscape. Users engage in several interactive activities and games to earn meme tokens.
1. JasmyCoin (JASMY)
The second half of 2024 seems less eventful than the first two quarters for JASMY. Nevertheless, if the proposed legislation permitting Japanese venture capital firms to hold cryptocurrency is passed, local crypto projects like JasmyCoin could experience substantial benefits in funding and market performance.
Meanwhile, JASMY has shown recent signs of price recovery, although bears are strongly upholding the EMA100 trend line, making it difficult for the token to establish a clear upward move. Over the past few days, the JasmyCoin token has towed a bearish direction, reaching a low of $0.017. Currently, JASMY is trading at $0.0212, marking a 370.36% increase over the previous year.
Moreover, the bulls managed to push the price above the resistance level of $0.025 2 days ago; however, bears quickly countered, causing a significant pullback. If bears succeed in keeping the price below the $0.018 – $0.021 range, increased selling pressure could drive the JASMY/USDT pair down to the next major support level at
Conversely, if the price rebounds and stabilizes above $0.025, it would signal strong buying interest at lower levels. This movement could propel the pair towards theresistance, which may present significant opposition. Surpassing this barrier could open the path for an upward move to $0.04 and potentially extend to $0.05.
2. Cat in a Dog World (MEW)
Cat in a Dog’s World recently partnered with LOCUS Studios to create a 3D animated series. This collaboration seeks to expand the “Cat in a Dog’s World” brand by integrating high-quality animation into the Solana meme coin community. The partnership bridges the gap between mainstream culture and cryptocurrency, enabling a unique experience for global audiences.
The meme coin has started to regain popularity, which saw it surge to an astounding market cap of almost $1 billion last month. Despite a 1.1% decline in the past day, the token has increased by 63.9% over the past month and an impressive 225% over the past year. This may present a potential buying opportunity for investors.
Recently, $MEW witnessed a sharp 11.52% surge in just one day, provoking considerable investor interest. This jump briefly suggested a possible price rally for the cat-themed meme coin, reaffirming it as a viable investment option. The momentum persisted as $ MEW’s value continued to climb until the recent market downturn forced it to pause a push toward its all-time high.
🐱 Join our MEW Memes Contest in honor of International Cat Day! Create a meme featuring the "Cat in a Dog's World" (@MewsWorld) token and share it on X and Telegram with #MEWCatDay up to August 9.
$1,000 prize pool in MEW tokens awaits winners! Explore the details here:… pic.twitter.com/7vkATLeaQ1
— PointPay (@PointPay1) August 6, 2024
MEW’s tokenomic has been strategically structured to ensure scarcity and continuous price growth. With a total supply originally set at 88 billion tokens, 90% have already been burned, leaving only 10% designated for airdrops to the Solana community. This limited remaining supply and growing demand suggest potential upward pressure on the token’s price.
3. Base Dwagz (DWAGZ)
Base Dawgz is gaining attention with its remarkable presale, raising over $2.8 million. This meme coin is notable not only for its early success but also for its unique multi-chain functionality. Unlike many meme coins that are confined to a single blockchain, Base Dawgz operates across Base, Ethereum, Solana, Binance Smart Chain, and Avalanche. This versatility sets it apart in the competitive crypto market and sparks speculation about its potential to become the next big X100 meme coin.
The project has also gained interest with its innovative features and community-focused approach. Utilizing “Wormhole and Portal Bridge” technology enhances trading flexibility. Early supporters enjoy high staking rewards, with over 180 million DAWGZ tokens staked and annual yields exceeding 1,100%. Additionally, Base Dawgz fosters community engagement through social rewards, motivating users to share content and earn extra tokens. This strategy has already enabled the project to build a substantial following and achieve impressive presale milestones.
So yesterday was a wild ride huh?
Did you make any gains? 🛩️ pic.twitter.com/RjJ2KZ62kw
— Base Dawgz (@BaseDawgz) August 6, 2024
Base Dawgz’s multi-chain capability and faster transaction speeds on the Base Chain offer enhanced flexibility and efficiency. For investors looking for a meme coin with advanced technology and robust community support, Base Dawgz presents an attractive option. Given its impressive presale performance and strategic vision, Base Dawgz has the potential to become a major player in the meme coin market.
4. Ethena (ENA)
Ethena, a newly listed synthetic dollar protocol token, has displayed impressive resilience amid a recent market downturn. Despite experiencing an over 8% price drop, ENA has managed to retain most of its gains from the past seven days. The price movement of the token indicates that investors should closely monitor its performance.
Before the recent price decline, Ethena was focused on reaching its all-time high (ATH) target and steadily approached $2. It is currently priced at $0.279 and is trading close to critical support near the $0.5 mark. Investors should expect Ethena to consolidate sideways until it breaks above the $0.9 price barrier on the upside.
Currently, Ethena’s short-term Moving Average paints a bullish picture. However, due to limited data, assessing its long-term moving average is challenging, making it difficult to gauge the strength of its trend. Meanwhile, the bearish MACD reading suggests a temporary pullback for the token.
Announcing the @ethena_labs public mainnet 🌅
Details on our "Shard Campaign" in the following tweet pic.twitter.com/kXU5WjJ4rB
— Ethena Labs (@ethena_labs) February 19, 2024
A crucial factor that could influence ENA’s performance in the upcoming weeks is its increasing integration into exchanges. This integration is expected to boost the token’s liquidity and possibly support a push towards the ATH value.
5. Wormhole (W)
Wormhole has experienced significant growth recently, with its current price at $0.194, reflecting a 33.57% increase in trading activity in the last 24 hours. This performance has positioned it among today’s top gainers in the market. Over the past 24 hours, Wormhole saw a 3% climb before a slight retracement, indicating robust momentum.
Moreover, investors expect the token to recover and continue gaining as the month gradually winds down, with a target price projection of $0.58. Wormhole’s growing adoption drives this anticipated increase in value. Meanwhile, the coin is accessible in SPL on Solana and ERC-20 format on Ethereum and EVM L2s.
Meanwhile, this expansion has significantly boosted Wormhole’s liquidity, which is evident in its market cap and ranking. Recently, Wormhole has unveiled partnerships aimed at expanding its ecosystem. The project seeks to maintain relevance by enhancing utility and rewarding its holders.
Wormhole core contributor @asymmetric_re is actively working to protect users and projects across the entire ecosystem.
A recent security analysis by AR uncovered a critical vulnerability in @EvmosOrg that could have led to infinite EVMOS minting.
Read more below 👇 https://t.co/JdGyJTIgWP
— Wormhole (@wormhole) August 6, 2024
Overall, investors have shown strong positive sentiment towards W, with the Fear & Greed Index currently at 58, indicating optimism in the market. It may be prudent for investors to consider adding the token to their watchlist in the coming days.
6. The Meme Games (MGMES)
The Meme Games introduce a novel approach to cryptocurrency presales. The project incorporates an Olympic-themed competition feature into the vitality of meme coins. Players choose their favorite meme characters and back them in the competition to be the best while earning free meme tokens.
Moreover, players can choose their memes from five well-known meme characters, including Dogecoin, Pepe, dogwifhat, Brett, and Turbo. Each character represents a unique aspect and country in the competition.
The competition will run concurrently with the Paris Olympics games. After the event ends, the coins will be available on several DEXs from September 10. The token’s gamified strategy gives participants a fair and engaging experience, making MGMES the best presale to invest in now.
Meanwhile, all memes have an equal chance of winning, which gives an exciting layer of unpredictability to the outcomes. If a meme wins, participants who choose it will receive a 25% bonus on their MGMES tokens. Users can buy tokens numerous times and switch between memes to increase their odds of winning.
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