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Several tokens are still making gains as the rally season persists, with Altcoins gaining focus. The market flooded with green candles and transactions, pushing the overall Greed score to its highest levels. This has ignited excitement among investors eager to leverage the rally. Meanwhile, tokens priced below 1 Dollar appeal to traders aiming for budget-friendly entry points into the market.
Nevertheless, investing in these low-cost tokens demands meticulous research. Hence, this article presents a compilation of affordable tokens in the crypto market that hold promise for potential returns.
7 Best Cheap Crypto to Buy Now Under 1 Dollar
Investors are eagerly searching for the next big opportunity in cryptocurrency, particularly focusing on tokens priced bIn addition, Bitcoin has surged past $72,000, marking a sixth consecutive day of gains and pushing its year-to-date increase to nearly 70%.
1. IoTeX (IOTX)
zkPass recently partnered with iotex_io to improve its ecosystem services. Known for its privacy-preserving protocol, zkPass operates on a foundation of Multi-Party Computation (MPC), Zero-Knowledge Proofs (ZKP), and three-party Transport Layer Security (3P-TLS).
zkPass Staking is dedicated to providing high-quality infrastructure and staking services for PoS projects. Hence, this partnership aims to expand IoTeX’s reach to the Binance Staking community.
Meanwhile, market sentiment towards IoTeX is bullish, with increased transactions pushing the greed score to 82. In addition, IoTeX also has a negative yearly inflation rate of -0.08%, placing it as deflationary.
"DePIN primitives or building blocks – like IoTeX has created – allows people to focus on solving 2 main challenges in DePIN:
1. Where should we apply decentralization? What infrastructures truly benefit?
2. How do we fuel demand side interest?"
– @guywuolletjr of @a16zcrypto pic.twitter.com/iItPWaXvtR
— IoTeX (@iotex_io) March 6, 2024
Trading at $0.076192, IoTeX has high liquidity based on its market cap. It is also significantly above its 200-day simple moving average (SMA) at $0.038794. IoTeX has shown positive performance compared to its token sale price. Likewise, it has had 15 green days out of the last 30, indicating a 50% increase in positive trading days.
Furthermore, IoTeX trades 88.32% above the 200-day SMA, showing sustained investor interest and confidence. It is also trading near cycle highs, showcasing its potential for long-term value appreciation.
2. Pyth Network (PYTH)
PYTH is an Oracle network that provides real-time market data across over 40 blockchains. The platform offers over 380 low-latency price feeds spanning various financial instruments, including cryptocurrencies, equities, ETFs, forex pairs, and commodities. Importantly, this broad coverage empowers financial dApp developers to access precise and reliable market data instantly.
In the meantime, Pyth Network is printing greens, with its price climbing by 20.995 to hit $0.889753, a notable 20.99%. This bullish sentiment is complemented by the Fear & Greed Index, currently at 82 with increased transactions. Trading activity nears its cycle high, with a 24-hour volume-to-market cap ratio of 0.7644, reflecting the network’s liquidity.
Yesterday, the elected Pythian council was approved by the $PYTH Stakers.
Today, the Pyth DAO can look forward to the elections of the second council — the Price Feed Council!
Learn more below:
What is the Price Feed Council?
The Price Feed Council is made up of 7 members who… pic.twitter.com/c0tU8HJuTB
— Pyth Network 🔮 (@PythNetwork) March 8, 2024
Furthermore, the Pyth Network is trading near its all-time high of $0.898822, aiming to break it. To achieve this, it has recorded 17 green days in the last 30 days, where the daily close price exceeded the daily open price. On this note, investors closely monitor the coin in the current market.
3. Algorand (ALGO)
Algorand’s trajectory remains bullish, with investors actively adding the coin to their portfolio to push the Greed score to 82. With a price of $0.285418 today, ALGO has surged by 6.87% in the past 24 hours and an impressive 53% over the last year.
Furthermore, ALGO’s trading activity reflects a positive trend, with the coin surpassing the 200-day simple moving average. Algorand’s innovative approach to scalability and security sets it apart from other blockchain platforms. The network swiftly selects validators to facilitate efficient block processing, leveraging cryptographic sortition and a unique consensus algorithm.
This technological innovation and community backing positions Algorand for growth in the current market. In the last 30 days alone, Algorand has experienced 19 green days, accounting for 63% of trading sessions, indicating a favorable market sentiment.
The @UNDP is kicking off its beta-testing of the Algorand Blockchain Academy 🎓
And it's just getting started.
Blockchain technology has the potential to…
🟢 Ensure the legal identity of almost 1B people
🟢 Offer financial inclusion solutions to 1.4B unbanked people
— Algorand Foundation (@AlgoFoundation) March 5, 2024
Moreover, trading near its cycle high of $0.296941 underscores the coin’s upward momentum. Notably, Algorand boasts high liquidity, supported by its substantial market cap. In line with this, potential collaborations with other networks could propel ALGO’s price to surpass $0.62 by 2024.
4. 0x (ZRX)
Propelled by Upbit Traders, ZRX has reclaimed its position above the $500 million market cap for the first time in two years. Currently priced at $1.001474, the 0x token has experienced a remarkable 25.30% increase in the past 24 hours. Meanwhile, sentiment towards 0x remains bullish, while the Fear/Greed score of 82 reflects extreme greed among investors.
Moreover, ZRX has shown impressive growth on a YTD, with its price soaring by 415%. In addition, it consistently trades above the 200-day simple moving average as the uptrend persists. Presently, it stands at a remarkable 203.59% above the 200-day SMA, which sits at $0.332015. ZRX has notably outperformed its token sale price and demonstrated high liquidity based on its market cap.
However, despite its positive trajectory, ZRX faces resistance around the $0.8 level. Hence, analysts are closely monitoring two key factors that could influence its future trajectory. Firstly, the possibility of Upbit Traders dumping the crypto during the week could lead to a decline in ZRX’s value, potentially dropping it to $0.6. Conversely, if Bitcoin maintains its position above $70,000, ZRX could see further gains, potentially reaching $1.2 billion in market capitalization by the end of March.
5. eTukTuk (TUK)
eTukTuk introduces an AI-powered, sustainable transport solution to transform transportation in developing nations and globally. Utilizing blockchain technology, eTukTuk is constructing the charging infrastructure of the future. The ultimate goal is to combat the environmental issues associated with traditional tuk-tuks, notorious for their high pollution levels.
1/ Every year, over a million lives are affected by short-term exposure to fine particulate matter (PM2.5) in air pollution.
A recent study reveals the overlooked "spikes" in pollution that impact smaller urban areas.
Let's delve into the findings 🧵 pic.twitter.com/K6qf60CSo7
— eTukTuk (@eTukTukio) March 6, 2024
Importantly, the project’s white paper emphasizes the significant impact of the internal combustion engine (ICE). This includes tuk-tuks and other two- and three-wheeler vehicles in developing nations, focusing on the necessity for sustainable alternatives.
Moreover, the eTukTuk token presale has gained momentum, exceeding $1.95 million in funds raised. Currently valued at $0.028 per $TUK token, this price is anticipated to rise in the upcoming presale stage. With the presale transitioning to its next phase in 6 days, there’s potential for a surge in the TUK token price. This presents an opportunity for investors to capitalize on the current token value before it escalates in the subsequent presale phase.
6. Moonbeam (GLMR)
Moonbeam is in the green zone; its price is currently $0.585544, marking an 11.46% intraday rally. Over the past year, its price has increased by 68%, showing a steady rise. GLMR’s price has consistently traded above its 200-day simple moving average, indicating a strong upward trend.
Additionally, 19 of the last 30 days have been positive, making up 63% of its recent trading activity. With its high liquidity based on market cap, GLMR is attracting attention from investors. Over the past year, 256.12 million GLMRs were created due to a yearly supply inflation rate of 43.75%.
🌱 Regenerative Finance (ReFi) is a concept that combines DeFi with environmental regeneration & eco-friendly sustainability, coming soon to Moonbeam!
Read this blog for more on ReFi and ReFi Hub, the Web3 platform for a sustainable future ⤵️https://t.co/apK5ziNECH
— Moonbeam Network (@MoonbeamNetwork) March 11, 2024
After 381 days of accumulation, GLMR’s price has surpassed its previous peak, signaling a strong upward movement. This is supported by breaking the bullish trend line, indicating a positive market sentiment with a Fear & Greed Index showing extreme greed at 82.
7. Storj (STORJ)
Storj is slowly gaining attention as a digital asset in the current market. A bullish sentiment prevailed in the Storj price prediction, and an Extreme Greed index reading of 82 on the Fear & Greed Index. Investors are keenly eyeing this deflationary cryptocurrency.
Furthermore, Storj has demonstrated robust performance metrics. It boasts a negative yearly inflation rate of -0.21% and an impressive price surge of 188% over the past year. In addition, it has outperformed 59% of the top 100 coins with impressive standings. Storj is trading above its 200-day simple moving average and has recorded 19 green days in the last 30 days.
Storj to revolutionize cloud object storage in 2024 https://t.co/NpwnaqAd5s
— Storj (@storj) March 7, 2024
With a solid foundation and strong community support, Storj has the potential for substantial growth in the coming years. Analysts project that if the Storj project announces collaborations with other networks, STORJ could surpass the $1.21 mark by 2024.
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