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Over the weekend, the crypto market dipped following news of Telegram founder Pavel Durov’s arrest. However, Durov’s release on Thursday injected much-needed positivity into the market.
Last week’s market turmoil opened a window for wise investors to update their portfolios with viable tokens. For traders who seek to capitalize on the current market sentiment, the crypto space offers several tokens with such potential. Nonetheless, searching for the best altcoins to invest in today requires time and effort. Hence, this article aids investors by providing select tokens worthy of consideration.
7 Best Cheap Cryptos to Invest Now Under 1 Dollar
Crypto All Stars has entered the digital asset market to unite different meme coin mascots on a single platform. Meanwhile, StarkNet has announced the release of version 0.13.2, which aims to provide users with an enhanced ecosystem experience. The Bitcoin Layer-2 Network, Stacks, is also starting the Nakamoto Upgrade.
1. XRP (XRP)
Ripple recently made headlines after releasing 1 billion XRP tokens through its escrow mechanism. The transaction occurred in three stages: 500 million, 200 million, and 300 million tokens were distributed. This news triggered a selling pressure as XRP’s price dropped by nearly 1.70%.
However, other market trends paint a more optimistic outlook. According to on-chain data, Ripple’s active addresses increased by 17% on September 1. This, coupled with a reduction in exchange supply, suggests that users transferred XRP from exchange wallets.
Ripple was out in full force at @WebX_Asia – SVP @RippleXDev @markusinfanger took the stage discussing the growing opportunity for traditional finance with RWA tokenization, and we were honored to have SBI Holdings CEO and Chairman @yoshitaka_kitao stop by the Ripple booth.… pic.twitter.com/zrh2OPe2Zl
— Ripple (@Ripple) August 30, 2024
Moreover, it indicates a potential bullish trend for the altcoin. The token trades 1.43% above its 200-day Simple Moving Average of $0.547817. Month-to-date, XRP has experienced 15 days where the daily closing price exceeded the opening price. This trading activity has been notably observed on Binance.
2. Centrifuge (CFG)
Real-world assets (RWA) have recently gained attention due to the increasing prices of some tokens. Centrifuge (CFG) has ridden this recent RWA wave, indicated by its recent positive market performance. CFG is a decentralized asset financing protocol that bridges decentralized finance (DeFi) with real-world assets.
It aims to reduce capital costs for small and mid-sized enterprises (SMEs) and offer investors a stable income source. The project aims to generate profits independent of volatile crypto assets by transferring real monetary value from fiat to cryptocurrencies.
Say hello to the first RWA lending market on @base using the @MorphoLabs Protocol.@SteakhouseFi and @Re7Capital will curate the Morpho Vaults which include collateral from @centrifuge, @MidasRWA, and @Hashnote_Labs.
This is the first institutional grade lending market… pic.twitter.com/vnP8bMBxU6
— Centrifuge (@centrifuge) August 28, 2024
Centrifuge is changing hands at $0.365022, reflecting an 8% intraday rally. The market cap has grown by 8.35%, reaching $182,054,876. Year-to-date (YTD), CFG has surged by 70%, outperforming 59% of the top 100 crypto assets.
3. Simon’s Cat (CAT)
Simon’s Cat (CAT) has quickly gathered attention among new projects with market viability. CAT, a meme-based cryptocurrency, offers distinctive features and growth potential. Impressively, Simon’s Cat experienced a 69% price increase within a week, leading up to an anticipated airdrop. This significant surge has garnered interest from crypto enthusiasts and investors, boosting its market appeal.
Simon’s Cat (CAT) trades at $0.00002318, reflecting a 1.25% intraday uptick. Meanwhile, CAT maintains a positive sentiment regarding price prediction. Particularly, five technical analysis indicators signal a bullish trend.
$CAT SZN IS RIGHT, the market is wrong 😼 pic.twitter.com/9BUQYeXFMi
— Simon's Cat Token (@SimonsCatMeme) September 1, 2024
In summary, Simon’s Cat shows promising growth and continues to capture the interest of the crypto community. Its recent performance and upcoming events suggest a favorable outlook, making it a project worth monitoring.
4. Oasis (ROSE)
The Oasis Network (ROSE) has shown significant upside potential, marked by a wedge pattern signaling a bullish trend in early 2024. Currently, the price of ROSE stands at $0.055134, reflecting a slight decrease of 1.09% over the past 24 hours. Despite this minor dip, the token has experienced 15 green days in the last 30 days, indicating positive momentum 50% of the time.
As a platform supporting decentralized finance, Web 3.0, NFTs, and metaverse applications, the Oasis Network is well-positioned to thrive in a bull market. The network demonstrates strong market participation with its high liquidity relative to its market cap.
If there's something Oasis loves to do, it's diving deep into tech!
Join Head of Ecosystem @willfullhodl for a Space with @thorn_protocol and @oraichain – our next spotlight projects.
🗓️ September 4th
⏰ 4pm CET— Oasis (@OasisProtocol) August 31, 2024
Current price predictions suggest that ROSE could rise by 229.53%, potentially reaching $0.17894 by October 1, 2024. This forecast indicates a promising future for the Oasis Network, provided market conditions remain favorable.
5. Crypto All Stars (STARS)
Crypto All Stars has entered the digital asset market, aiming to unite various meme coin mascots on a single platform. Since its presale launch, the project has attracted significant attention after crossing the $900,000 mark, with 1 $ Star currently priced at $0.0014135. This early financial support and impressive APY of 1573% have triggered considerable initial interest from investors.
https://twitter.com/all_stars_coin/status/1828444106168692925
The platform caters to meme coin investors, enabling users to engage with different projects and explore potential profit opportunities. Its credibility is bolstered by audits from SolidProof and Coinsult, two respected independent auditing firms. These audits enhance the platform’s trustworthiness, which could be reassuring to potential investors.
Crypto All Stars’ staking protocol, the “MemeVault,” further bolsters the coin’s appeal. It allows users to earn STARS tokens by staking popular meme coins. This feature provides additional utility for holders, who can receive rewards through staking, thereby adding value to their investments.
Crypto All Stars has also gained visibility within the crypto community, with endorsements from influencers like YouTuber Jacob Bury. His support suggests that STARS could have potential beyond the typical meme coin, indicating room for growth in the market. This possibility of expansion might appeal to those considering early investment.
Visit Crypto All-Stars Presale
6. Starknet (STRK)
StarkNet has announced the launch of version 0.13.2 to offer users an improved ecosystem experience. Specifically, these features, aimed at improving network transaction management, include parallel execution and block packing.
Parallel execution is the key feature in this update. Traditional blockchain transactions employ sequential processing, meaning instructions are executed one after another. However, this system has capacity and speed caps during high network congestion.
However, StarkNet faces challenges following a recent airdrop. The StarkNet Foundation’s Dune dashboard data indicates a significant drop in unique daily active users (DAUs). According to the data, active users plummeted 98% from 298,400 on February 20, the day before the airdrop, to 6,100 on August 26.
gm fast and cheap tx enjoyers pic.twitter.com/YwUCwOFlQ6
— Starknet 🐺🐱 (@Starknet) August 29, 2024
Despite these setbacks, StarkNet’s future outlook is optimistic. For instance, current predictions suggest STRK could increase by 227.82%, potentially reaching $1.182815 by September 28, 2024.
7. Pepe (PEPE)
A recent analysis highlights a significant investment in Pepe Coin (PEPE) by an institutional-level crypto wallet associated with Ceffu, a custody service by Binance. According to Lookonchain data, this wallet withdrew 1.48 trillion PEPE tokens, valued at $11.6 million, from Binance in two transactions: 1 trillion and 481.84 billion PEPE.
Over the past year, Pepe Coin’s price has surged by 856%, outperforming 96% of the top 100 crypto assets, including Bitcoin and Ethereum. The coin is trading above its 200-day simple moving average (SMA), currently 582.71% higher than the 200-day SMA of $0.0₅1101. This indicates strong market performance and high liquidity based on its market capitalization.
The current price prediction suggests that Pepe may increase by 227.90%, potentially reaching $0.00002436 by October 1, 2024, thus pointing to a positive outlook.
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