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Crypto prices have been quite unstable throughout August due to large-scale sales from major holders. The month saw several instances of multi-million dollar BTC settlement from Mt.Gox and a handful of others.
Notwithstanding, crypto prices are making slight adjustments, providing hints of a potential rally in the coming month. Present market data highlights the impressive performances of many altcoins, including Sundog, Just, Voxies, Mobox, etc. Today’s post presents a quick analysis of 6 6 Best Cheap Cryptos to Buy Now for Under 1 Dollar.
6 Best Cheap Cryptos to Buy Now Under 1 Dollar
Ideally, the best time to acquire crypto assets is the moments before the rally kicks in. Similarly, purchasing promising crypto assets while they’re on presale often gives impressive returns in the long run. Thus, this article gives investors an overview of the Meme Games presale.
1. JUST (JST)
The success of the TRON token and its newly launched meme coin platform, Sun Pump, has spilled into its ecosystem. Apparently, Just is one of the beneficiaries of the new price action. In the last 24 hours, the price of JST has increased by over 15%, bringing the total in the previous seven days to 30%.
It is just a decentralized finance platform built for the Tron blockchain. Among other services, it focuses on providing decentralized stable coin lending services through its JustSable. Its services have been in existence since late 2020, giving it a reputation as one of the oldest DeFi platforms in the market. With that, it has a chance of sustaining its current rally much longer than a meme coin or inferior project would.
Today, JST’s post-trading volume is about 50% of its market cap, and its market cap at the time of writing is valued at $326,530,705, based on its new price. The growing volume is another strong indicator that the token stands a chance of providing sustainable returns to investors. As the month progresses, investors will likely see further price action from the JST token, especially as the SunPump rally reaches its climax.
2. SUNDOG (SUNDOG)
Sun Dog is the new fun-centered project on the Tron Sun Pump platform. The project aims at assembling a community where crypto market participants interact with common interests. Today’s price data suggests that Sun Dog might be one of the cryptocurrencies to watch now.
SUNDOG posted a price increase of over 50% in the last 24 hours and a trading volume pump of over 61 million USD. The new token is making evident progress as its market cap at the time of writing is approaching half a billion range.
At the current pace, Sun Dog would likely double its market cap before the end of the quarter. Thanks to the growing rave of the SunPump meme coin platform. SUNDOG holders can expect further increases in the value of their tokens.
More importantly, SUNDOG’s chart clearly indicates the potential for more upward price movement. The token has established support at the $0.19 price level, which would likely keep its price above the $0.20 range. Hence, the crypto market should anticipate a rally towards the $0.5 range before the end of the quarter. If the Tron effect continues much longer, the new token may push its way into the $1 range.
3. MOBOX (MBOX)
Even though the growth of the crypto gaming sector has been declining recently, some projects are making impressive leaps. Mobox is a metaverse and gaming platform for developers across the globe. It incorporates yield farming and gaming NFT to help creators strengthen their GameFi strategies.
While MBOX recently found popularity and improved market performance, the project has been around since 2018. MBOX is the native cryptocurrency of the Mobox project. The token recorded an increase of over 30% in the last 24 hours, which places it among the top gainers today.
Along with increasing prices, MBOX also posted 120% volume-to-market cap ratios. The token’s increased trading volume signifies that the market is interested in the token and there are growing activities on the platform.
📢📢Season 3 In-Game Purchase Pool
35% larger than last season's midpoint…And still growing.📈
You're absolutely crushing it, MOBOXers! 👑✨Midseason Report✨
💎 Current In-Game Purchase: 1,274,760 MDBL
100% of $MDBL spent goes straight to the Season 3 Prize Pool. Your… pic.twitter.com/PDDkirsI2k
— MOBOX (@MOBOX_Official) August 21, 2024
Moreover, technical analysis of the MBOX token shows that it has further room to continue its upward rally. It is currently trading close to its $0.16 – $0.17 resistance. Further push from the demand side would give it the strength it needs to rally towards the $0.20 range. In the coming months, MBOX price may post a future value increase.
4. Meme Games (MGMES)
Dengen investors welcome a new addition to the meme coin sector: the Meme Games. Sun Pump launch has revived the meme culture as meme coins once again post incredible price pumps.
Thankfully, investors who miss out on the recent price surge have a chance to participate in the Meme Games opportunity. What sets this apart from the rest is that it blends a measure of utility with degen investing. Investors have a chance to participate in the meme coins Olympics.
The initiative allows participants to select their preferred meme token that would get into the meme Olympic tournament. The project’s website spotlights PEPE, BRETT, DOGE, etc, as the contestants in the competition. Further details about the competition and how to participate are provided on the Meme Games presale website.
However, the exciting part of the project is that participants who win meme tokens earn a 25% bonus when they select the winning coin. Likewise, investors who purchase the MGMES token through the presale program stand a chance of receiving an additional 25% of the invested amount. The project’s Twitter handle and website provide further guidance on how to take advantage of the MGMES presale offering.
5. Voxies (VOXEL)
Investors targeting the gaming ecosystem would find the VOXEL token quite exciting. The project features a free-to-play technical RPG game with a touch of retro-style layout. According to the project’s website, the team drove inspiration for the classic tactical games that date as far back as the 90s.
Even though the aim is to provide entertaining experiences to users, Voxies is also designed to reward users through the VOXEL token. It is the native cryptocurrency of the platform, which enables users to carry out in-game transactions and exchanges. As the GameFi influence in the crypto market increases, gaming sector tokens should equally record an increase in value.
Today, VOXEL recorded an 18% price increase, and it ranks among the top 500 crypto gainers. The project’s intraday trading volume also increased by 10%, amounting to $108,853,432 at the time of writing.
Furthermore, Binance recently announced the listing of Voxies futures contracts along with the likes of BRETT memecoin. As the announcement circulates, the listing would, in turn, influence the price of the assets as the demand for the token increases.
6. Curve DAO Token (CRV)
CRV, the native cryptocurrency of the Curve DAO project, suffered a major price dump in July of 2023. The price decline resulted from the unexpected hack. Consequently, the platform lost over $50 million in crypto assets. Ever since, the token has clawed its way back to its previous price levels.
Thankfully, the project’s price data shows that it has the potential to regain its lost glory. The Curve DAO platform remains one of the most prominent automated market maker providers for decentralized exchange, particularly stablecoins. Its core value proposition is liquidity provision, which is the backbone of the DEX ecosystem.
CRV price has increased by over 10% in the last 24 hours with an intraday trading volume of $178,209,260. The current trading volume of the coin as of the time of writing is nearly half of its market cap. It evidently signifies the increasing strength of activities and growing interest in the token. As the demand for the token increases, investors can expect further increases in price over the coming days.
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