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The cryptocurrency market has recovered a significant chunk of its value due to last week’s downturn, which saw Bitcoin dropping below the $60,000 mark and Ethereum also falling below $3,000. This positive trajectory has impacted numerous top cryptocurrencies and triggered massive price rallies among altcoins. Notably, certain altcoins have outperformed other tokens to enter our best cheap cryptos to buy under 1 cent list today.
However, identifying tokens with both short and long-term profitability requires meticulous research, as investor focus often centers on assets already experiencing significant growth. This article analyzes the recent performance of cryptocurrencies that have topped the gainers list in the past 24 hours. The aim is to identify low-priced tokens with promising potential and offer valuable insights for investors.
6 Best Cheap Altcoins To Buy Now
Have you ever regretted not investing early in an altcoin that turned out to mint millionaires overnight? Pepe Unchained offers a unique opportunity to correct that mistake. This project that provides a smooth trading experience to users presents an excellent chance for early participants to join during its presale period. With a starting price of only $0.00004 per coin, you can receive over 100x in returns upon its launch.
Base Dawgz is making waves in the crypto market as an engaging new meme coin with a playful dog-themed twist. Beyond its meme appeal, this distinctive cryptocurrency presents investors with a lucrative chance to generate passive income through its innovative staking rewards program. The project’s staking program has set aside 1.69 billion DAWGZ to be shared among stakers every hour as a reward over the period of a year.
1. Base Dawgz (DWAGZ)
Base Dawgz is making waves in the crypto market as an engaging new meme coin with a playful dog-themed twist. Beyond its meme appeal, this distinctive cryptocurrency presents investors with a lucrative chance to generate passive income through its innovative staking rewards program. The project’s staking program has set aside 1.69 billion DAWGZ to be shared among stakers every hour as a reward over the period of a year.
Remarkably, early investors are already reaping the rewards, with the presale having raised over $2.4 million and tokens currently priced at just $0.0061 each. However, interested investors are urged to act quickly; this price is expected to rise as the presale stages advance, making early investment a strategic opportunity.
One unique feature that distinguishes Base Dawgz from other projects is its mind-blowing multi-chain flexibility. By utilizing advanced protocols such as Wormhole and Portal Bridge, it seamlessly operates across Ethereum, Solana, Base, Avalanche, and Binance Smart Chain platforms. With its dynamic and engaging features, Base Dawgz presents an investment opportunity that shouldn’t be overlooked.
Quick update from the $DAWGZ team 🪂
We've heard your questions about staking on Solana. We're actively working on it and brainstorming solutions. Due to BD's cross-chain nature, it’s a bit complex, but we're on it!
— Base Dawgz (@BaseDawgz) July 10, 2024
But there’s more to Base Dawgz than staking rewards and interchain operability. The project has introduced a Share-to-Earn system that is capturing the attention of the crypto community. Participants can earn points by creating and sharing amusing memes on social media, which can later be exchanged for additional DAWGZ tokens after the presale.
2. Terra Classic (LUNC)
Terra Classic has experienced a surge in activity lately, leading to a notable increase in the token’s value. Recently, the Terra Luna Classic community has successfully removed 12 billion LUNC and 68 million USTC from circulation, representing the second-largest LUNC burn to date. Additionally, In June 2022, Lido DAO accepted a proposal to render all Lido contracts on Terra Classic immutable, resulting in the locking of these funds.
These advancements have captured investors’ attention, resulting in heightened market activity for LUNC over the past 24 hours, aligning with a slight market recovery. Currently, the token is trading at $0.00006999, reflecting an upward trend. This rise signifies a significant 25% surge in trading activity, bringing the volume close to $30 million.
Additionally, the 24-hour price of the Terra Classic token builds on last week’s profit of 9.38%, standing in contrast to the prevailing bearish trend in the broader crypto market. Currently, LUNC’s price fluctuates between $0.000064 and $0.00007. This moderate range indicates balanced buying and selling activities, though recent data suggest that the token may soon establish a firm position in the overbought zone.
Great news for @osmosiszone based NFT DAOs using @enterprise_dao 👇 https://t.co/v1ChzPCGni
— Terra 🌍 Powered by LUNA 🌕 (@terra_money) June 25, 2024
Should the anticipated bull run in the crypto market commence sooner than expected, LUNC has the potential to surpass the $0.0001 resistance level, resulting in a substantial price surge. The token could climb to $0.0002 and potentially break the $0.01 threshold if it maintains its current momentum throughout 2024. Moreover, Terra Classic’s recent market activity and technical indicators indicate the possibility of a modest recovery and future growth.
3. Alchemy Pay (ACH)
Alchemy Pay facilitates seamless fiat and cryptocurrency transactions for consumers, merchants, developers, and institutions worldwide. It provides online and offline merchants with convenient payment solutions integrating both fiat and crypto. Currently, Alchemy Pay boasts over 300 payment channels and operates in more than 71 countries. By leveraging strategic partnerships with industry leaders such as Shopify, QFPay, Binance, and NIUM, it has successfully onboarded over 2 million merchants onto its platform.
Meanwhile, an analysis of ACH’s price reveals a substantial daily trading volume, underscoring a favorable market trend. Over the past seven days, the token has demonstrated bullish tendencies, trading at $0.02233, which represents a 20% increase. It has also established support at the $0.0223 price level and formed higher highs and higher lows, indicating that the bulls have regained momentum.
Also, the 7-day chart shows that ACH is trading above $0.023, sustaining a modest bullish trend. Although the bears briefly drove the price of ACH below $0.0213, the bulls swiftly regained control of the market. The rising buying pressure observed in recent hours indicates a positive outlook for investors.
🔊GM, ladies and gentlemen.
✈️Flight [ALCHEMY PAY] to 🌎[Crypto World] is now pre-boarding. We are now inviting crypto newbies and any newcomers requiring special assistance to begin boarding at this time. Please have your boarding pass and identification ready.🙇Thank you for… pic.twitter.com/u2oqL4xYmm
— Alchemy Pay|$ACH: Fiat-Crypto Payment Gateway (@AlchemyPay) July 12, 2024
Overall, an analysis of ACH suggests that the bulls are currently dominating the market and may continue to drive prices higher in the coming days, provided they maintain support above critical levels. Furthermore, if buyers sustain this trend and break through the resistance level, they could potentially initiate a breakout movement, significantly amplifying the accumulated positive momentum.
4. Pepe Unchained (PEPU)
Pepe Unchained’s developers harnessed the flexibility of Layer 2 blockchain technology and the popularity of the iconic Pepe meme to introduce an innovative project in the meme coin market. By leveraging this integration, Pepe Unchained aims to provide a smooth trading experience, minimizing transaction costs and delays. This focus on efficiency has garnered positive feedback from crypto enthusiasts.
Furthermore, PEPU has been strategically developed on the Ethereum blockchain to utilize Layer 2 technology, facilitating quicker and more cost-effective transactions. This makes it the first Pepe-themed token to operate on this blockchain layer. Moreover, the project offers a staking feature, allowing early investors to earn a significant APY well above 700%.
Pepe's taking blockchain to new heights!
SpiderPepe hanging from the ceiling and ready to drop something big 🕸️🐸 pic.twitter.com/yKAWZKkeTN
— Pepe Unchained (@pepe_unchained) July 11, 2024
Pepe Unchained has successfully raised over $3.3 million in a little over three weeks, highlighting significant interest in the project. This early success underscores strong investor confidence and hints at the potential for substantial returns. Prospective investors are encouraged to participate in the project now at a modest price of $0.0083926 before it rises tomorrow.
5. Liquid Staking Derivatives (LSD)
Liquid Staking Derivatives present a unique approach to staking by preserving liquidity through derivative tokens. These tokens allow users to continue earning passive income while also exploring other DeFi opportunities. Unlike traditional staking protocols, which typically offer passive income but lock up your assets, liquid staking derivatives maintain asset flexibility.
LSD reached a peak price of $2.25 on March 5, 2023, and its lowest point of $0.006465 on September 8, 2023, indicating substantial price volatility. Despite recent declines, its robust performance over the past week and substantial trading volume indicate increasing interest and potential for future growth.
Today, Liquid Staking Derivative (LSD) is trading at $0.02536. Over the last 24 hours, the token has experienced a modest 6.93% price increase while achieving a notable 7.56% surge over the past seven days. LSD is currently trading above its 200-day Simple Moving Average (SMA) and has recorded 27 positive trading days out of the last 30.
In the past week, LSD has outperformed the global cryptocurrency market by 9.80% and Ethereum ecosystem cryptocurrencies by 15.70%. This exceptional performance underscores LSD’s potential in the market, contributing to bullish sentiment among investors.
6. Hivemapper (HONEY)
Hivemapper plays a distinctive role within the Decentralized Public Infrastructure (DePIN) sector. It collects mapping data from drivers using Hivemapper dashcams installed in their vehicles. As these users drive, they actively map roads and earn tokens as rewards. The quantity of tokens each user receives is determined by the demand for mapping particular roads.
Furthermore, volunteers who verify the mapping data are also incentivized with HONEY tokens. The recent rise in the token’s value can be attributed to the growing number of mapped routes on Hivemapper. As of now, the platform has mapped nearly 268.68 million kilometers. It has set an ambitious goal to surpass Google Maps, which boasts nearly a billion monthly active users.
HONEY recorded an impressive single-day gain of over 50% last week, a stark contrast to the downturn experienced by many other cryptocurrencies. While the token has seen a subsequent decline in value, it currently trades 340% higher than its price from last year, at $0.06315. The ongoing trading activity suggests potential for further gains this week despite the prevailing bearish sentiment that has affected the broader crypto market since last week.
🗺️ 268.68 million kilometers mapped!
🧐 For context, if you were traveling at light speed, it would still take you about 15 minutes to travel that total distance. 🚀
— Hivemapper (@Hivemapper) July 10, 2024
Overall, the token is poised to sustain its strong performance from the previous week. It is currently trading above the 200-day Simple Moving Average, suggesting potential for long-term growth. The Relative Strength Index (RSI) is in the overbought region, indicating bullish momentum. If the token continues on this upward trajectory, it could reach $0.086 by the end of the week.
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