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Following the Bitcoin Halving and Ether ETF approval, the Fear/Greed score has surged to 89, driven by rising transaction rates. This increase in activity has also increased trading volumes. These events have prompted investors to revise their portfolios in response to the optimistic market outlook.
Moreover, investors continue to seek cost-effective entry points into the market. Some investors have secured promising investment opportunities by primarily targeting affordable tokens. This article compiles a list of cryptocurrencies that investors should watch.
6 Best Cheap Crypto To Buy Under 1 Dollar
This review provides valuable insights for investors trying to evaluate the growth potential of different tokens. Numerous tokens, including a Pyth Network, eCash, Conflux, Ethena, and Hedera, are currently experiencing upward trends, giving investors opportunities to enter the market.
99Bitcoins is gearing up for the DEX launch post-presale, urging early investors to secure tokens at favorable prices. This presale signifies a significant milestone in the crypto and education markets. Investors looking into promising Learn-to-Earn tokens can add $99BTC to their watchlist.
1. Pyth Network (PYTH)
PYTH Network saw a considerable fraction wiped out in the recent bearish trends in the crypto market. However, the altcoin has worked itself out of the downturn to trade at $0.4394. Its trading volume has also responded with a 26.7% surge. This uptick has seen it outperform many of the leading crypto today.
Moreover, the token accumulated substantial gains in the early run of the bull market rally. At the market’s pinnacle, the Pyth Network’s token saw its price soar above $1. Experts suggest that PYTH will soon retest this price if it sustains its current price trend.
However, PYTH is one of the tokens investors can add to their watchlist in the coming days. At the time of writing, the crypto is on a reversal trajectory and offers investors the perfect opportunity to buy. Moreover, PYTH has also witnessed a considerable boost in trading volume compared to the overall movements in the market.
Massive volume since @FlashTrade_’s public launch ⚡️
Pyth empowers builders, wherever they build 🔮 https://t.co/OWQTJOmFUM
— Pyth Network 🔮 (@PythNetwork) June 3, 2024
Consequently, investors searching for low-priced crypto tokens for short-term trading opportunities may add PYTH to their to-buy list, as the token has more room for further uptick. Furthermore, the project provides an innovative service in the crypto market, indicating that its token will remain in demand.
2. 99Bitcoins (99BTC)
99Bitcoins launched its cryptocurrency, the 99Bitcoins token (99BTC). The token rapidly raised over $1.9 million in its ongoing presale. This development demonstrates the tokens’ potential. Moreover, investors still have the opportunity to purchase tokens at the initial price of $0.00107, although rates are expected to increase over time gradually.
Moreover, a presale limit of $10.3 million incentivizes investors to acquire discounted 99BTC tokens before the price increases. These tokens fuel the Learn-to-Earn platform, where users are rewarded for learning about cryptocurrencies. As funding milestones are achieved, the price of 99BTC gradually increases.
Furthermore, the innovative Learn-to-Earn concept incentivizes users to educate themselves about cryptocurrency, providing benefits to token holders. Also, 99Bitcoins intends to enhance the learning experience by gamifying Bitcoin education. Users who complete challenges and lessons earn higher rankings and $99BTC tokens as rewards.
🎉 Major milestone alert! 🎉
We've raised over $1.8 million in our $99BTC presale! 🔥
Don't miss your chance to join the future of #Learn2Earn. Join the #Presale now before the price increases. 🚀
Join Now! 👉 https://t.co/PepIrsReJQ#99Bitcoins #CryptoCurrency #BTC pic.twitter.com/Utwpj4yqA9
— 99Bitcoins (@99BitcoinsHQ) June 3, 2024
Conversely, the project explores the potential effect of Bitcoin halving events and has attracted a broad audience across various platforms. The token distribution allocates 10.5% for presale, 14% for staking rewards, and portions for development, community rewards, liquidity, and marketing.
Subsequently, the token launched a giveaway on its platform. Participants can win free Bitcoin from a $99,999 BTC prize pool, with over 5,000 entries. Also, token holders participating in the presale can benefit from holding 99Bitcoins tokens.
3. Ethena (ENA)
Ethena is in a correction phase after a massive drop of over 15% a few weeks ago. Recent whale trading actions have resulted in the token’s price skyrocketing. A big whale took out over 6.26 million ENA tokens, amounting to nearly $5.4 million from one address.
The timing of the whale’s trading activity implies it could be a perfect market entry point. ENA’s value possibly declined a few weeks ago because of the United States CPI data. However, the token’s price has increased by over 150% since its launch.
Meanwhile, ENA is trading at $0.8312 today. This value signifies that it has risen 7.36% over the previous day. Its YTD increase stands at 42.24%, demonstrating the token’s ability to provide returns to investors consistently.
And finally, a @vfat0 hosted calculator has been created for users to input their own assumptions:https://t.co/lD2nKY9uTN
— Ethena Labs (@ethena_labs) May 29, 2024
Meanwhile, Ethena lies on the 39% Fibonacci level, indicating it might be a perfect moment to buy. Analysts predict the token’s value could increase after it broke a trendline on the 24-hour chart. Although it is experiencing trouble pushing past $0.92, it could trade above the $0.92 mark. This might play out if it leaps by over 30%, probably reaching $1.2.
As the crypto market frenzy continues to build, buyers are feeling more positive. Bitcoin is drawing closer to $70,000, while ENA’s value hints at shaking off the $0.83 level. With Ethena nearly completing the pullback phase, investors anticipate the next big move.
4. Hedera (HBAR)
Hedera’s team has Incorporated Triad Finance (TraidFi) into Hedera’s blockchain technology. This development demonstrates Hedera’s potential to draw high-level projects because of its fast, secure, and low transaction fees. Meanwhile, Hedera’s Archax has been crucial in expanding tokenized money market fund options for institutional clients.
HBAR is valued at $0.1031, indicating a 3.37% increase for the day. This positive price movement also boosts the token’s market sentiment, reflecting a bullish trend. The token has posted a 5.13% gain over the previous month. Its year-to-date increase is 103.71%, signifying a continuous bullish momentum over the long term.
Meanwhile, this remarkable increase followed BlackRock’s recent announcement. BlackRock, the biggest asset manager globally, announced its plan to tokenize its US Treasury money market fund on Hedera. Notably, the collaboration also involves Archax and OwneraIO.
Utilizing #hashgraph, #Hedera is setting new standards for digital trust and reliability – providing responsibly governed, high throughput, and sustainable infrastructure to ensure that enterprises can effectively harness the power of their data.
Explore: https://t.co/R3bpJJIktT pic.twitter.com/8VEAPeCTGD
— Hedera (@hedera) June 3, 2024
Moreover, investors’ sentiments about the price of Hedera are bullish. The token’s Fear & Greed Index is 71 (Greed). Experts also foresee a substantial upward trend for Hedera, predicting it to reach $0.1500 soon.
Furthermore, a recent breakout has increased considerably over 45% in the past three weeks. The overall trend remains bullish, indicating a potential upward movement for the token. These metrics suggest that investors have faith in the Network’s ability to handle significant financial instruments. Thus, investors should consider adding HBAR to their watchlist.
5. eCash (XEC)
eCash trades at $0.00004613 today, posting a post-launch gain of 64.39%. Despite its value slightly dipping by 0.3% in the past 24 hours, its bullish sentiment and 20/30 green days compensate for the downturn. The token also surged 87.25% over the past year, outperforming 62% of the top 100 crypto assets.
The token began initially as a fork of Bitcoin and Bitcoin Cash. It distinguishes itself as a token developed especially for electronic cash transactions. The primary goal of eCash is to enable a swift, secure, and confidential medium of exchange for universal transactions.
The current sentiment surrounding eCash’s value prediction is bullish, with a Fear & Greed Index reflecting a confidence level of 68. ECash trades 69.28% above its 200-day Simple Moving Average of $0.00003064.
💪🏼 @Official_Upbit announced support for the eCash network upgrade! ⚙️
🔗 https://t.co/lX0dEhBOLp💪🏼 @coinexcom announced support for the eCash network upgrade! ⚙️
🔗 https://t.co/qCcjUlI9Wp⬇️
— eCash (@eCashOfficial) May 31, 2024
However, analysts have predicted that eCash’s value will increase due to its continuous actions to strengthen payment efficiency by curtailing transaction finality time. Meanwhile, possible partnerships with other networks could push the XEC’s price, with predictions forecasting an uptick of $0.0001085 by 2024.
6. Conflux (CFX)
Conflux’s team announced a partnership with XLinkbtc on its Twitter page. This collaboration seeks to bridge the protocol’s high-speed blockchain with innovations in Bitcoin Layer 2. Furthermore, it will assist developers and enhance the interconnected blockchain ecosystem network.
Furthermore, the Network has collaborated with fintech firm AnchorX to unveil a stablecoin. The coin is pegged to the Hong Kong dollar, tagged “AxHKD.” The team is also working to ensure the rapid launch of the AxHKD stablecoin.
Consequently, CFX has posted an impressive 2.56% gain to hit $0.2214. This intraday increase further solidifies its bullish sentiment. Also, the Greed score of 74 suggests sufficient buying pressure. Conflux has experienced a remarkable 162.56% surge since its launch in a bid to maintain this positive trajectory.
Reflecting on May:
🔍 Hardfork update, BTC L3 progress, and fresh partnerships!https://t.co/6bUNBVAXD2
🤝 Welcoming partnerships with @zkPass, @ElastosInfo, @DesigLabs, and @HaloDotSocial.
🌟 Community spotlight on #Conflux's latest developments, Bitcoin initiatives, NFT…
— Conflux Network Official (@Conflux_Network) June 1, 2024
Meanwhile, Conflux trades above its 200-day SMA, demonstrating its bullish trajectory. CFX has displayed 25 green days in the past 30 days, further strengthening its upward trend. Considering these metrics, analysts predict that Conflux’s uptick will continue in the short and long term.
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