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Macroeconomic policies in the U.S. and Japan have contributed to bullish movements for Bitcoin. The cryptocurrency’s price surged this week following key interest rate decisions by the Federal Reserve and the Bank of Japan. Since the U.S. Fed announced an interest rate cut, Bitcoin saw a rise of over 11% by the week’s end, climbing above $62,000 for the first time in September.
At the same time, altcoins show signs of stabilization, with a higher low pattern forming. This suggests a decrease in selling pressure. With major price floors now established, altcoins seem to be entering a phase of low-volume, range-bound trading, which could potentially mark the beginning of a slow upward trend for the broader altcoin market. Given these developments, investors are searching for affordable tokens, particularly the best cheap crypto to buy now under 1 dollar, which requires time and effort.
6 Best Cheap Cryptos to Invest Now Under 1 Dollar
Pyth Network is working to broaden access to global financial services by leveraging blockchain technology. Arbitrum (ARB) is gaining traction, especially in anticipation of its upcoming Odyssey event. Bitget Token (BGB) is trading at $0.961215, following a 1.68% increase during the day.
Meanwhile, Pepe Unchained ($PEPU) has raised $14.6 million in its ongoing presale, highlighting rising interest in Pepe-themed cryptocurrencies. VeChain has made significant progress in the blockchain space by securing a U.S. patent (US 12,093,419 B2). Following the recent rate cut, Bitcoin has posted a 5.5% weekly increase.
1. Pyth Network (PYTH)
Pyth Network seeks to expand access to global financial services through blockchain technology. Its native token, PYTH, plays an active role in the ecosystem by facilitating transactions, supporting payments, and incentivizing token holders to engage.
One key innovation within the Pyth Network is Oracle Integrity Staking (OIS). This feature directly increases accountability for data providers by implementing staking rewards and slashing penalties. As a result, OIS encourages the delivery of high-quality, real-time price feeds, which are crucial for decentralized finance (DeFi) applications. Token holders and data publishers can stake PYTH tokens to earn rewards based on the accuracy of their data. This promotes greater transparency and reliability within the system.
What if you could get rewarded for protecting DeFi?
Enter Oracle Integrity Staking (OIS)—an upgrade to Pyth bringing enhanced data source accountability for a more secure DeFi ecosystem.
OIS brings on-chain staking rewards and slashing mechanisms to the network.
Learn more ⬇️ pic.twitter.com/0rJ58bH3Xa
— Pyth Network 🔮 (@PythNetwork) September 21, 2024
PYTH trades at $0.327726, reflecting a 3.37% increase over the past 24 hours. Moreover, the token is trading close to its recent high of $0.335986, and market sentiment remains bullish.
2. Arbitrum (ARB)
Arbitrum (ARB) has been gaining momentum, especially with its upcoming Odyssey event. A new update—Arbitrum Nitro v3.2.0—has been made available for developers and node operators. This release, which focuses on stability improvements, does not introduce configuration changes compared to the previous v3.1.2 version.
Currently, ARB is trading at $0.621834, marking a 3.29% increase over the past 24 hours. Moreover, it has experienced 17/30 positive trading days, where the daily closing price exceeded the daily opening. This represents a 57% occurrence of “green days.” Furthermore, ARB’s high liquidity and its market cap suggest a favorable market environment.
Attention Arbitrum developers and node operators, a new Arbitrum Nitro v3.2.0 is now available and can be found at offchainlabs/nitro-node:v3.2.0-f847be0.
This release will include stability fixes among other changes, and does not include any config changes from v3.1.2.
— Arbitrum Developers (💙,🧡) (@ArbitrumDevs) September 23, 2024
Meanwhile, Arbitrum is forecasted to rise by 229.90%, potentially reaching $1.980584 by October 22, 2024. Furthermore, the market sentiment remains neutral, as the Fear & Greed Index score of 52 indicates. Besides, the token has shown 6.37% price volatility over the past month. Given this outlook, Arbitrum could present a favorable buying opportunity.
3. Bitget Token (BGB)
Bitget Token (BGB) is changing hands at $0.961215, following a 1.68% intraday rally. Year-to-date, the token has experienced substantial growth, with its value rising by 112%. BGB has outperformed 59% of the top 100 crypto assets within this period.
Bitget Token is trading 110.48% above its 200-day simple moving average (SMA) of $0.458521, which indicates a strong upward trend. Its market capitalization supports its robust liquidity. Moreover, BGB’s market sentiment is neutral, based on technical analysis. Of the available indicators, 21 signal a bullish trend, while 9 points to a bearish outlook.
#Bitget is officially 6 today! 🎉
It’s been an incredible journey, and we couldn’t have done it without YOU.
💙 Join us as we celebrate the 6th anniversary with some amazing events and activities.
Check out here 👇https://t.co/FRmhcu1g8D
✨The smart journey continues!… pic.twitter.com/MAeO6UbT6I
— Bitget (@bitgetglobal) September 18, 2024
Regarding short-term predictions, BGB is forecasted to trade within the range of $0.956548 to $0.990675 this week, potentially rising by 3.57% to reach the upper limit by September 29, 2024. Furthermore, the token could increase by 3.94%, reaching $0.994217 by October 22, 2024.
4. VeChain (VET)
VeChain has made notable strides in the blockchain sector by securing a U.S. patent (US 12,093,419 B2). The patent focuses on innovative methods for managing user identity authentication data.
This development aims to improve the security and efficiency of blockchain platforms. The patent outlines a method for verifying access to data while maintaining user privacy, which is a crucial aspect of decentralized applications.
We’re merging the physical and digital worlds, giving UFC fans the power to authenticate their gloves' history through the UFC Scan app. Discover how VeChain’s tech is revolutionizing RWA tokenization.
Learn more at https://t.co/wR003Ims3V pic.twitter.com/zSZgxCN83M
— VeChain (@vechainofficial) September 21, 2024
VeChain (VET) trades at $0.02438, reflecting a 1.45% intraday uptick and a 45% rise YTD. Over the last 30 days, VET has shown positive momentum. The price closed higher than its opening on 50% of those days. This recent activity suggests ongoing market confidence in the project.
5. Beam (BEAM)
Beam (BEAM) is priced at $0.01728, reflecting a 3.65% rise in the last 24 hours. Month-to-date, Beam has experienced 16 green days, representing 53% of the time. This suggests moderate upward momentum. The coin is trading near its recent high of $0.017491 and shows strong liquidity relative to its market cap.
For this week, Beam is projected to fluctuate between $0.016948 and $0.02531. If the price reaches the upper end of this range, it could rise by 49.34%. In that case, the price may hit $0.02531 by September 29, 2024.
Beam’s price volatility has been 10.12% over the past month. The data suggests a positive short-term outlook, making it a favorable investment consideration.
6. Pepe Unchained ($PEPU)
Pepe Unchained ($PEPU) has recently raised $14.6 million in its ongoing presale, signaling a growing interest in Pepe-themed cryptocurrencies. This surge in interest is linked to renewed market optimism following the Federal Reserve’s unexpected 50 basis point rate cut, which has positively influenced digital asset prices.
Unlike its predecessor, Pepe ($PEPE), Pepe Unchained operates on its blockchain and has introduced developer grants to encourage innovation within its Layer 2 ecosystem. These grants have drawn increased attention from investors and raised concerns about $ PEPE’s future standing.
Currently, $PEPU is priced at $0.00983 in the presale, with a slight price bump to $0.00984 expected in the next round, which begins soon. The platform also offers staking with a 143% annual yield (APY), which may attract investors seeking passive income opportunities.
14M
Riding the L2 wave! Big thanks to the community for the continued support! We are growing so fast! pic.twitter.com/EjlPQLZxjm
— Pepe Unchained (@pepe_unchained) September 20, 2024
With a total supply of 8 billion tokens, $PEPU has allocated 20% to the presale and another 20% for marketing efforts. This distribution model is designed to support long-term growth and build early momentum. As the project develops, Pepe Unchained looks to establish a strong foothold in the competitive meme coin space.
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