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Bitcoin (BTC) is trading above $100,583, continuing its upward trajectory amidst fluctuating market conditions. Market participants closely monitor the resistance level at $108,364; a breakthrough here might propel BTC toward the $112,000 to $115,000 range. Conversely, should BTC fall below $96,474, it might retreat to the significant support level of $89,471.
While Bitcoin maintains its position, other cryptocurrencies such as Solana (SOL), $TRUMP, and XRP are experiencing diverse movements. Experts monitor these altcoins’ crucial support and resistance thresholds, anticipating possible surges. This positive outlook prompts investors to search for affordable tokens, particularly the best cheap cryptos to buy now under 1 dollar.
6 Best Cheap Cryptos to Buy Now Under 1 Dollar
Dymension (DYM) boasts a community of 57,000 holders and is currently priced at $0.9055, marking an 8.40% rise in the past 24 hours. Polygon Labs has been actively broadening its footprint within the blockchain industry. A proposal to rename STP Network to AWE Network is currently available for voting on Snapshot, inviting community input on this crucial transition.
DeFi has had an eventful week with various significant updates. Meme Index ($MEMEX) has hit a notable achievement by securing over $3 million through its ICO in slightly over a month. XYRO has enhanced its offerings by launching new gaming features in partnership with Chainlink. Meanwhile, Bitcoin is on the mend even as stocks related to cryptocurrency mining continue to decline.
1. Dymension (DYM)
Dymension (DYM) has a market presence with 57K holders and is trading at $0.9055, showing an increase of 8.40% over the last day. The current sentiment around Dymension’s price prediction is bearish, and the Fear & Greed Index is at 72, signaling a state of greed among investors.
Dymension is trading near its cycle high of $0.916561, further highlighting the market’s current dynamics. Looking ahead to February 2025, market forecasts suggest that Dymension could see significant growth, potentially increasing by 101.08%.
Become a RollApp Governor today!
One click away – now on the Portalhttps://t.co/18wrEI52El pic.twitter.com/2UN5aSRuFa
— Dymension (@dymension) January 28, 2025
This would set the average monthly price at $1.806059, with expected price fluctuations between $0.890604 and $3.04. If these predictions hold, this trend could offer investors a potential return of 238.44% from the current price, presenting a promising ROI for those holding DYM.
2. Polygon (MATIC)
Polygon Labs has made significant strides in expanding its influence in the blockchain space. The Protocol recently announced a major partnership with Reliance Jio, India’s largest telecom company. This collaboration marks Polygon’s debut in the Web3 sector. Reliance Jio plans to integrate blockchain capabilities into select apps and services through Polygon’s Proof of Stake (PoS) technology. This move aims to onboard over 450 million users into the Web3 ecosystem, showcasing a massive potential for blockchain adoption in India.
In another development, Polygon Labs is set to support the launch of Ternoa 2.0’s mainnet, built using Polygon’s CDK (Chain Development Kit) and leverages technology from Zeeve, Avail Project, and Agglayer. Ternoa 2.0 is anticipated to bring the next million users into the crypto space, focusing on retail customers for crypto payments.
Ternoa 2.0 mainnet incoming 💥
Built on Polygon CDK using @0xZeeve, with @AvailProject underneath, and connecting to @Agglayer.
soon @Ternoa_ will onboard the next million https://t.co/136gV3Kaoe
— Polygon (※,※) (@0xPolygon) January 28, 2025
According to the latest data, Polygon is trading at $0.4026, a slight increase of 2.31% over the previous day. Its market cap is $770.39 million, up 2.31%. The 24-hour trading volume is reported at $7.27 million, a 5.48% increase.
3. STP (STPT)
The proposal to rebrand STP Network to AWE Network is now live on Snapshot, allowing community members to participate in this pivotal decision. The voting process has commenced after receiving valuable feedback and strong community support. Participants have five days to vote and influence the project’s future direction toward creating Autonomous Worlds. This is a significant opportunity for community involvement in shaping the project’s evolution.
Regarding market sentiment, the Standard Tokenization Protocol (STP) is experiencing a bullish trend. The Fear & Greed Index indicates 72, which suggests a greed-driven market. Over the past year, STP has seen a remarkable price increase of 61%, outperforming 57% of the top 100 crypto assets. This performance places STP in a strong position relative to its peers.
Excited to partner with @BasedIndia for the Autonomous Worlds track at the Base AI Hackathon!
All the best to the builders, can’t wait to see the innovative ideas and projects that emerge 🙌 https://t.co/eI4jt4Jhbv
— STP (@STP_Network) January 27, 2025
Technically, STP is trading above its 200-day simple moving average, specifically at 57.47% above the average price of $0.054016, which is a positive indicator for long-term trends. In the last 30 days, the token has had 18 green days, representing 60% of the period, further highlighting the positive momentum.
4. DeFi (DEFI)
DeFi has experienced a notable week marked by several key activities. The trading volume for $DEFI peaked at about $30 million in 24 hours, showcasing strong market engagement. Additionally, DeFi executed a significant buyback of over $1 million in $DEFI tokens, which could stabilize or increase the token’s value by reducing the circulating supply.
The company also expanded its reach by partnering with ByBit and KuCoin, two prominent exchanges, enhancing its visibility and accessibility in the market. The current sentiment for $DEFI’s price prediction is neutral. Yet, the market’s Fear & Greed Index is at 72, indicating a level of greed that might suggest investor optimism or speculative activity.
Hey De.Fiers 💙👋
Last week was incredible! Yesterday we hit a record with ~$30m 24h volume for $DEFI, bought back over $1,000,000 of $DEFI, partnered with ByBit and KuCoin, released our AI Agent Score, announced the upcoming AI Agent on Twitter, burned $500,000 worth of $DEFI,… pic.twitter.com/34cpehGmcx
— De.Fi (@DeFi) January 28, 2025
Over the past month, $DEFI has had 15 days where the closing price was higher than the opening, representing 50% of the time, which shows a balanced performance. The token also enjoys high liquidity relative to its market cap, making it easier for investors to trade without significantly affecting the price.
5. Meme Index (MEMEX)
Meme Index ($MEMEX) recently achieved a significant milestone by raising over $3 million in its Initial Coin Offering (ICO) within just over a month. This is particularly notable given the recent volatility in the meme coin sector. The market has seen fluctuations, with the total market cap of meme coins dropping below $100 billion after a brief recovery to around $116 billion post-December.
Identifying a potential ‘moonshot’—a coin that could see exponential growth—is increasingly difficult in the meme coin market. Many meme coins lose momentum quickly, even in favorable market conditions, with only a few achieving substantial gains. Here, Meme Index offers a novel solution. As the pioneering decentralized meme coin index platform, it allows investors to spread their risk across multiple meme coins rather than concentrating their investment on one token. This diversification can mitigate the risk typically associated with the high volatility of individual meme coins.
The native token of the Meme Index, $MEMEX, gives its holders access to various curated index portfolios. These portfolios cater to investor risk appetites, from those seeking exposure to well-established meme coins to those looking for the high-risk, high-reward opportunities more volatile tokens offer.
Currently, $MEMEX is available for purchase at $0.0155933 during its presale. However, investors should note that the price will increase as the presale progresses into its next phase, highlighting the urgency for those interested in entering at a lower price point.
6. XYRO (XYRO)
XYRO has recently expanded its utility by introducing new game modes in collaboration with Chainlink. This partnership allows users to engage in unique gaming experiences based on the price movements of $TRUMP.
Furthermore, XYRO has shown remarkable market activity following its launch, with community members affectionately known as ‘Xyroes’ playing a crucial role. XYRO achieved top positions on growth leaderboards across various exchanges. It recorded one of the highest launch volumes in recent months on platforms like eesee_io and ChainGPT_Pad, showcasing strong investor interest with a fully diluted valuation (FDV) of over $50 million and a 24-hour trading volume surpassing $15 million.
$XYRO Post-TGE By the Numbers! ⚡️
We’re thrilled to share the incredible growth we’re achieving together. Here’s what we’ve accomplished so far:
📊 Platform Volume: $7M+
💰 Total Revenue: $280K+
🔍 Explore the full details: [https://t.co/Re7RKGUDTh]Staking is live!
Stake… pic.twitter.com/YHVSI2HTMZ— XYRO 🔮 (@xyro_io) January 28, 2025
Currently, XYRO is trading at $0.0368, with a slight increase of 4.89% in the last day. The market cap stands at $3.24 million, up by 4.83% in 24 hours, while the 24-hour trading volume is $2.85 million, with a significant rise of 102.39%.
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