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Cantor Fitzgerald’s CEO, Howard Lutnick, remains optimistic about Bitcoin’s future, forecasting the coin to hit new heights. Lutnick believes that although Bitcoin operates outside the traditional financial system, it is gradually moving toward mainstream acceptance. Established financial institutions, he notes, are keenly anticipating the introduction of appropriate regulations to engage with Bitcoin fully.
Meanwhile, cryptocurrency analyst Egrag has revised his XRP prediction strategy, projecting the coin to rally. For investors looking for prospective coins within XRP’s price range, this article curates the 6 best cheap cryptos to buy now under 1 dollar.
6 Best Cheap Cryptos to Buy Now Under 1 Dollar
Sui has gained attention with recent integrations and developments, enhancing its standing among market participants. The 1inch Network continues solidifying its position within the decentralized finance (DeFi) space.
Meanwhile, the Mega Dice token (DICE), a new crypto casino project in its presale stage, has already surpassed $1.7 million in funding. Bitcoin has dropped to the $57,000 mark, leading to a decline in crypto stocks as September trading begins.
1. Sui (SUI)
Sui has witnessed recent integrations and news, bolstering its outlook among market participants. The network’s developer, Mysten Labs, has announced plans to release its handheld gaming device, SuiPlay0X1, in Q1 2025. The SuiPlay0X1 is designed to integrate blockchain technology with the gaming industry.
Furthermore, Scallop, a Sui blockchain lending ecosystem participant, has launched an ambitious airdrop campaign to reward its borrower community. The initiative features a reward pool of 1,000,000 SCA tokens, with 200,000 tokens allocated specifically for loyal borrowers through the distribution of veSCA tokens.
Despite the ongoing market downturn, these updates have triggered a positive sentiment towards the Sui ecosystem. This growing interest is evident in the network’s Total Value Locked (TVL), which recently exceeded $600 million. This rise in TVL reflects the network’s expanding influence and directly affects its market performance.
More than 1,000 #SuiPlay0X1 pre-orders later…what a way to kick off #Suitember💧!
🇰🇷 Let's recap what happened today at @kbwofficial in Seoul👇 pic.twitter.com/asVWRgoHAR
— Sui (@SuiNetwork) September 3, 2024
Moreover, the SUI/USDT trading pair has recently broken out of a downward trend channel on the hourly chart, signaling a possible shift in momentum. This breakout suggests the potential for a bullish trend, with prices testing upper resistance levels. Per analysts, a confirmed breakout could lead to sustained upward movement.
2. Polygon (MATIC)
Polygon recently executed a significant technical upgrade, transitioning its native cryptocurrency to the new Polygon Ecosystem Token (POL) on a 1:1 basis. This update, effective from September 4, marks the token’s role as the network’s primary gas and staking token.
Polygon is the 21st largest cryptocurrency, with a market capitalization of $3.7 billion. However, the recent network upgrade has yet to boost the price of its native token, MATIC, amid the ongoing market downturn.
Reminder: MATIC on Polygon PoS will be upgraded to POL on September 4th
This includes:
• all WMATIC
• MATIC in Smart Contracts
• MATIC being used in DeFi
• MATIC in liquidity pools
• all MATIC on Polygon PoS— Polygon | Aggregated (@0xPolygon) September 3, 2024
MATIC traded at $0.37490 during press time, dropping by 6.32% in the last 24 hours and now 87% below its all-time high. Despite this, the token has performed positively relative to its initial sale price, showing gains in 15 out of 30 days.
3. 1inch Network (1INCH)
1inch Network is steadily building its reputation in the decentralized finance (DeFi) sectors. The network’s recent achievement extends its stake as a leading decentralized exchange (DEX) aggregator.
The 1inch team invested $1.75 million to acquire 7.96 million 1inch tokens at $0.22 each. Since July 5, this investment strategy has seen the team spend approximately $5.49 million, accumulating 22.4 million tokens at an average cost of $0.25 each.
Between March 2023 and January 2024, the team strategically sold 16.97 million tokens at an average price of $0.464 each. This approach reflects a calculated method of managing assets within the network.
In Q2 2024, 1inch saw notable growth across several key metrics. The average daily total volume increased by 12%, while daily average transactions and active addresses grew by 59% and 27%, respectively. A significant driver of this growth was the launch of 1inch Base, a Layer-2 solution, which led to a 280% surge in trading activity.
The 1inch token has also increased its price over the past day, rallying 7% to trade at $ 0.246031. Trading volume has also risen substantially, by 127.24%, at the time of writing.
4. Beldex (BDX)
Beldex, a privacy-focused blockchain platform, is preparing to launch its Hermes hardfork on September 5, 2024. The process is set at a block height of 3,546,545. The hardfork underscores Beldex’s efforts to improve network performance, interoperability, security, and decentralization.
The hardfork introduces updates designed to streamline network operations and strengthen infrastructure. These changes are expected to enhance overall efficiency and reliability.
Meanwhile, Beldex’s (BDX) market outlook paints a positive picture. BDX changes hands at $0.053654 during press time, rallying 4.50% on the 7-day chart. It has risen by 60% Year-to-date (YTD), outperforming 55% of the top 100 crypto assets. Moreover, BDX is trading 30.44% above its 200-day Simple Moving Average of $0.041132. In addition, it has witnessed gains in 16 out of the last 30 days.
🚨Mandatory Update🚨
Beldex Official wallet Version 2.0.0 is live now‼️
Update Now👇
Playstore: https://t.co/2WKI69mIvPAndroid apk: https://t.co/TWUf4TpbAI pic.twitter.com/jHqR2b0qfk
— Beldex.bdx (@BeldexCoin) September 3, 2024
Per Coincodex’s price prediction, the general sentiment around Beldex is bullish. This position is supported by 28 technical indicators pointing to positive trends. BDX is predicted to trade between $0.053288 and $0.059848 this week, potentially hitting $0.059848 by September 9, 2024.
5. Mega Dice ($DICE)
As the cryptocurrency market anticipates another altcoin season, investors are looking for potential opportunities that could offer substantial returns. One project gaining attention is Mega Dice token (DICE), a new crypto casino initiative currently in its presale phase that has already raised over $1.7 million.
The presale is approaching its conclusion, with a price increase set to occur soon. The current price of $0.110529 will rise to $0.116055 in one day, followed by the presale closing two weeks later. This timeline urges potential investors to act if they wish to participate.
Mega Dice aims to attract gaming enthusiasts to the blockchain space by offering several innovative features. The project plans an airdrop strategy, with $2.25 million to be distributed across three seasons.
Moreover, Mega Dice provides staking opportunities for token holders, allowing them to earn daily rewards based on the casino’s revenue. The platform also includes NFTs for VIP players and a 25% referral commission, further encouraging user participation.
WARNING: Time's Almost Up to Grab $DICE at the Lowest Price! 🚨
The $DICE presale is about to close its doors, with the last price increase happening this Tuesday! This is your absolute final chance to get in on the best #GameFi token on #Solana before the price skyrockets! ⏳… pic.twitter.com/vzF1t77DsA
— Mega Dice Casino (@megadice) August 30, 2024
Some market observers have compared Mega Dice and Rollbit, a successful crypto project on Solana. They describe Mega Dice as a potentially intriguing opportunity, suggesting it could become a significant player in the market.
In summary, the Mega Dice token presents several features to engage users within the crypto gaming community. While the project shows promise, the impending price increase and presale closure emphasize the need for interested investors to make timely decisions.
6. VeChain (VET)
The surge in sustainability-focused investments has significantly increased interest in the VeChain Biosphere, a new and influential player in the blockchain space. Launched earlier this year, the VeChain Biosphere empowers users to develop blockchain-based solutions to tackle global sustainability challenges. This highlights the expanding role of blockchain technology in addressing critical environmental issues.
VeChain (VET) is trading around $0.020, with little movement this month. The supply chain-focused cryptocurrency has remained stable without notable price spikes, reflecting slow but steady market growth.
Some investors might see this as an ideal moment to invest, capitalizing on future price increases. According to other market pointers, VeChain’s outlook is optimistic. Their analysis predicts that VET could increase by approximately 18.5% this month, potentially reaching a high of $0.025.
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