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The market is yet to see any major price movement as the price action of the weekend spills into the new week. BTC price holds steady at the $64kt boundary. Other cryptocurrencies are making their way towards mid-range, with DeFi assets leading the way.
Amidst the sideways trend, the top-performing cryptos today have seen exciting gains. Hence, today’s post gives insight into the price action of 6 cheap cryptos to buy now. Priority is given to the price gains and volume profile of each token in the last 24 hours.
6 Best Cheap Cryptos to Buy Now
Additionally, the post also covers projects with a high probability of exceptional future performance. It spotlights the PlayDoge token and its recently concluded presale. Investors can find the project’s Highlights and other details below.
1. Nuls (NULS)
Nuls is one of the fastest-growing blockchain infrastructures that provide customizable services to creators within the crypto ecosystem. It provides Modular architecture that allows smart contracts to operate across blockchain networks. It also features the ChainBox, affording users the opportunity to create projects within a shorter time and at a lower cost.
Null is one of the best-performing cryptocurrencies today, with total gains of over 60% in the last 24 hours. The demand for the token spiked after Binance announced the listing of its NULSUSDT perpetual contract. Investors holding Nuls in their portfolio have a chance to ride the wave to higher profit. Moreover, Nuls is currently experimenting with additional projects to help boost its market value.
The change is happening right now
Oracle projects are significant in what we are building, therefore, the 1st project that comes out of the Ignition Initiative will focus on bringing #Oracle services to NULS ecosystem.
NULS Oracle is being implemented and will meet you soon https://t.co/xqfYeTH7CY
— NULS (@Nuls) August 25, 2024
Apart from increased prices, Nuls also has a higher trading volume today. It posted an intraday increase of over 1080%. Clearly, the contract listing has given investors more confidence in the token. Thus, the likelihood of further price gains in the new week is inevitable.
2. JUPITER (JUP)
Jupiter is dubbed the industry’s most advanced swap engine. Swap aggregation is one of the backbone of DeFi. The nature of its services gives it a crucial role in the sector. According to its CoinMarketCap page, JUP is working on bringing additional products to the market.
Some of the projects in its lineup include the Limit Order, DCA/TWAP, Bridge Comparator, and Perpetuals Trading. With this, we’ll likely see an increase in service demand. Thus, the JUP token would benefit from the increased activity.
Jupiter Lock — an open-source, free and audited alternative to release your project’s tokens over time, now in Beta.
Jupiter Lock is free — zero fees, allowing any project to release their tokens over-time for free.
Any team can also access Jupiter Lock, without any BD calls… pic.twitter.com/TVe9q3d7qM
— Jupiter 🪐 (@JupiterExchange) August 23, 2024
At present, Jupiter has a price of $0.906403, and its trading volume is approximately $96,672,395. Today’s performance has helped JUP gain more momentum in its move toward the $1 mark. As the week progresses and investor sentiments improve, JUP has a chance of crossing into the $1 price range.
3. Zksync (ZK)
Zksync is one of the most anticipated cryptocurrencies this year. However, the token arrived on the market with subpar performance, costing early investors a significant margin on their holding.
Regardless of the token’s former performance, current trends suggest that ZK has a chance of becoming one of the best-performing cryptocurrencies in the coming months. Market data shows that ZK has regained over 40% of its lost value and shown significant strength to sustain the upside.
The @aave v3 deployment on ZKsync is almost here. The teams caught a technical issue during final testing and paused the deployment. The issue has now been resolved. We will share an update once we have a go-live date. https://t.co/8gQkmsuqNx
— ZKsync (∎, ∆) (@zksync) August 25, 2024
ZK’s current price action has helped it achieve over half a billion dollars in market cap. The increasing performance shows that investors can see more upbeat gains from the project in the coming days. ZK’s growing use case is another factor that may contribute to increased prices in the future. Regardless, investors should keep ZK on their watchlist to see how the price unfolds over the quarter.
4. PlayDoge (PLAY)
PlayDoge presale ends today. Investors who’ve been sidelined throughout the PLAY token presale still have a chance to get on board. According to the post on the project’s official Twitter handle, PLAY’s claim and DEX Listings will go live on Thursday 29th, at 10 am.
🚨 Important Announcement 🚨
PlayDoge’s highly anticipated #Presale ends on Monday, August 26th at 10am UTC! ⏳
Buy $PLAY in final stages now! 💰
👉 https://t.co/JT0VEofqf2 pic.twitter.com/aWQCHxox0H— PlayDoge (@PlayDogeGame) August 16, 2024
Crypto Play-to-Earn is not extinct. Contrary to what many assume, it holds the key to the much-needed utility in the meme coins sector. Recent trends in the crypto market show that meme projects with proven utility often outlive others who lack it.
This is the reason why the upcoming crypto token PlayDoge gives its community an exciting gaming experience along with the PLAY token. The platform’s free P2E game features a 2D retro layout. The combination of an excellent digital crypto economy and a fun experience with the community gives PlayDoge an edge over competing projects.
The PLAY token had a successful presale offering, with the closing price pegged at $0.00531. Hundreds of investors are already on board, with over $6,193,870.86 raised so far. Apart from the discounted price, investors also have the chance to stake their tokens when they purchase through the presale program.
PLAY staking would still be available when the project lands on the market. The door is still open to more investors who wish to join the vibrant and fun-focused community to enjoy the post-listing price gains. The details of the claims and exchange listing are available on the project’s website.
5. Fantom (FTM)
Fantom is a contender with platforms like ETH when in the smart contract market. The project uses the direct Acyclic Graph framework, which allows it to operate a unique consensus algorithm.
The project is one of the fastest-growing smart contracts in the DeFi sector and has gained wide popularity since its inception a few years back. It uses the FTM token as the native cryptocurrency. The project’s growing influence in the market positions FTM as one of the top cryptocurrencies to watch.
Its price increased by over 10% in the last 24 hours, and it’s about the third pump in the previous seven days. Further push to the upside would likely give the token a $0.5. FTM’s market cap is $1.3 billion today.
There are high chances of the token going above that range in the coming week. One of the major factors that would drive the coming gain is the increasing activities within the DeFi sector. As the industry sees further price increases, FTM holders will witness an improved performance in their portfolio.
However, their investors should watch out for the proposed migration to the Sonic (S) coin. The plans are still underway. Generally, tokens perform much better in the weeks following their migration. Hence, It might further contribute to the upside outlook for the FTM token.
6. Telos (TLOS)
Telos outperforms many major cryptocurrencies today after it recorded over 50% price increase. It is a zero-knowledge proof of technology that provides scalability and data protection to blockchain-based projects. According to its website, it aims to create a network that powers upcoming decentralized applications.
Telos’ move into the AI space is likely behind its current price trends. The platform’s official Twitter handle hints at the possibility of exploring the use of ZK technology in the AI space. It specifically aims at the financial market where privacy is essential.
#Telos is now LIVE on @KoinBX. 🤝 https://t.co/PsAWi1Hwo9
— The Telos Foundation (@HelloTelos) August 23, 2024
Further factors that influence Telos’ price gains may be traced to recent listings and partnerships. Another post on TLOS Twitter hand reveals a recent listing on the KoinBX exchange. There are indications that further exchange listings are coming up soon. With that, the token’s trading volume, which is up by over 50% today, would post an additional increase.
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