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The news of Telegram’s founder, Pavel Durov’s arrest, took the crypto community by surprise. Likewise, it may have contributed to the massive decline of the Toncoin, which is the cryptocurrency associated with the social media platform.
Besides the unforeseen situation, the crypto market outlook appears stable. The fear/Greed index today increased to 56. It indicates that investors are increasingly optimistic about the potential of the crypto market. Thus, today’s post explores the 7 Best Cheap Cryptos to Invest Now Under 1 Dollar.
7 Best Cheap Cryptos to Invest Now Under 1 Dollar
It highlights the price data of each token and provides context on the factors driving their performance. The post also covers details of popular projects that investors should include on their watch list for future opportunities. An example is the DICE token.
1. Holo (HOT)
Holo is a peer-to-peer platform that offers creators the opportunity to build and host decentralized applications. It sports the Holochain as the environment where dAPPs are launched and hosted.
According to its website, the goal is to bridge the gap between the internet and the Blockchain. Its core focus is ensuring that projects built on the Holochain communicate seamlessly with other chains and Web 2 platforms.
HOT currently serves as the native crypto token platform, and it’s one of the best-performing altcoins today. In the last 24 hours, ALT has recorded a price increase of over 15%, placing it among the top gainers in the market. It’s also recording.
Watch the last launch brief again for a few key insights like: "Holo is a hybrid of services…about connecting P2P with the current systems that give people agency without a company being in the middle of the financial transaction.” https://t.co/DMCEzF14jE pic.twitter.com/IfiOrltiNl
— Holo (@H_O_L_O_) August 24, 2024
There seems to be communication with other chains, and The goal of Holo is to serve as a bridge between the broader internet and apps built using Holochain, offering an ecosystem and marketplace in which DApps are easily accessible, as they are hosted on the internet by Holo network participants.
2. SATS (1000SATS)
SATS, also called 1000SATS, is one of the first projects built on the BRC-20 ordinal platform. BRC-20 stands for Bitcoin Request for Comment. It uses similar standards to Ehereum’s ERC-20, allowing creators to launch NFTs-related projects within the BTC ecosystem.
SAT is the largest project in the BRC-20 network, with a market cap of $850 million, based on recent prices. Its trading volume also leads in the sector, as it has an intraday trading volume of $157 million today.
SATS has experienced an over 10% price increase in the last 24 hours, thanks to the improved performance of BTC. The token’s price moves in tandem with BTC price action. Wherever BTC experiences positive price action, 1000SATS also often witness upward price movement.
Hence, investors looking to capitalize on the Ordinals market should consider the SATS. It has a price of $0.00039 today and ranks 76 on CoinMarketCap based on its recent market cap. Possibly, a further price increase would help the token reach the $1 Billion price level before the end of the coming quarter.
3. Gala (GALA)
Gala is the native cryptocurrency of the Gala chain. The chain is built to power the entertainment ecosystem that goes by the same name, Gala. According to the project’s website, the firm has a range of entertainment products and services, which include Gala music and Gala games. It also offers film and other movie-related content.
Generally, the Gala token is one of the best-performing tokens in the niche. The recent market outlook of the token has been quite positive. In the last seven days, Gala has amassed an overall price increase of about 20%. Today’s gains reached over 10%. An increase in trading volume has also been recorded owing to overall improvement in the market.
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A technical analysis of its price action shows that GALA is poised for a bigger upside. Investors watching the token might find an opportunity to capitalize on short-term price movement in the coming weeks. The price of the token is getting closer to a critical support level, which indicates a potential reversal might span to the end of the quarter.
4. AMP (AMP)
DeFi is one of the key sectors of the crypto market, and lending services keep the sector moving. Thus, assets like AMP play key roles in the sector. AMP is an open-source, decentralized project, according to the project’s website. It provides collateral as a service. It means it offers verifiable assurance services for value transfer.
At press time, the project reportedly has a circulating supply of 80,722,574,661 AMP, over 90% of its total supply. It also has a market cap valuation of $360 million, calculated from its current price. AMP has made intraday gains of 14% in the last 24 hours.
Generally, the token’s potential for further gains is quite high, given that DeFi assets have been upbeat in recent times. On the other hand, its trading volume today is equally high, and intraday data shows a 280% increase in trading volume.
AMP’s overall improving performance puts it on track to becoming one of the best-performing assets in Solana. Investors should keep the token on their watchlist to track its progress throughout the month and the coming quarter.
5. Mega Dice (DICE)
Besides the ongoing airdrop opportunity, Mega Dice has a fresh offer for the crypto community. Today’s post on the project’s official Twitter page spotlighted a chance to pocket 2000 USDT.
The platform is the brain behind the popular upcoming cryptocurrency, the DICE token. It recently went on presale with the aim of raising an active community for the project. So far, it has received impressive reception across the crypto market and raised over $1.7 million.
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The price of DICE at the time of writing is $0.110529. Investors still have a chance to join the presale ahead of the token launch. The presale purchase affords investors the opportunity to stake their purchased token ahead of the listing. It also offers inventors the opportunity to join the revenue-sharing program through referrals.
Mega Dice gives a 25% review share to investors who refer others to the DICE token presale. The details of the referral program and how to purchase the DICE token are available on the DiCE website.
6. Bonk (BONK)
Bonk offers a short-term investment opportunity to investors who wish to take advantage of its price recovery. While its days of price leaps are apparently behind, it provides a momentary chance for intermittent gains.
In the last 24 hours, BONK price is up by over 10% with a trading volume of about $216.56 million. Its intraday trading volume is approximately 14% of its market cap. The rate of BONK movement across the market reveals sustained interest in the token.
Generally, BONK is described as the first dog-themed token on the Solana chain. It came into the limelight after it achieved a Billion-dollar market cap within weeks of its launch. The market euphoria surrounding its launch has contributed immensely to the token’s potential.
As the crypto market works towards price recovery and improved investor sentiment, BONK and related assets would also post improved performance.
7. Beercoin (BEER)
Beercoin ranks high on the list of best crypto tokens to watch in the last 24 hours as it posts gains of about 50% during the previous 24 hours. As the name suggests, the project aims to create a fun-focused environment in which degen investors can interact and thrive.
BEER is one of the emerging meme coins on the Solana chain, with a non-conformist sentiment. A substantial increase in trading volume accompanies its growing gains. Intraday market data compiled from CoinMarketCap shows Beercoin’s total transactions today exceed what was recorded yesterday by over 175%.
In addition, the project takes a new approach to community-driven projects. Unlike the tokens before, BEER claims it has no DEV control, and the community holds total control and decision-making power over the project. Investors may research the token’s price action and market outlook for potential opportunities.
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