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This article compiles the eight best cryptocurrencies priced under 1 cent as of December 2. Investors can uncover promising investment opportunities in affordable crypto assets and consider their growth potential in the current market scenario.
Bitcoin, the dominant cryptocurrency, slightly decreased in dominance by 0.14%, settling at 51.97%. This slight shift in dominance highlights potential movements within the broader crypto market.
8 Best Cheap Crypto to Buy Now Under 1 Cent
Collectively, these metrics depict a nuanced snapshot of the crypto market, showcasing subtle shifts in market cap and significant variations in trading volumes across different segments, including DeFi and stablecoins.
1. Terra (LUNA)
Terra (LUNA) is trading above its 200-day simple moving average, suggesting a bullish trend. Additionally, it maintains high liquidity based on its market cap. The coin’s price history showcases significant fluctuations. On May 27, 2022, Terra reached its all-time high of $18.87.
The project’s supply dynamics are substantial. The circulating supply is 593.71 million LUNA out of a maximum supply of 1.00 billion LUNA. Moreover, the yearly supply inflation rate is at an extraordinary 365.75%, creating 466.24 million LUNA over the past year.
11/11 We'd like to thank all of the committee members for stepping up to shape an inaugural staking program on Terra 🙏
Watch the committee in action on the delegation-committee channel on the Terra Discord (https://t.co/prEuuRv2np), and stay tuned for future announcements!
— Terra 🌍 Powered by LUNA 🌕 (@terra_money) December 1, 2023
Furthermore, the sentiment toward Terra’s price prediction is currently bullish, coinciding with a Fear & Greed Index of 74 (Greed). However, it’s crucial to consider the volatility and inflation rate when assessing Terra’s potential investment or performance outlook.
2. Algorand (ALGO)
Analysis of ALGO’s price movement indicates a consolidation phase between $0.12 and $0.15 in the 4-hour (4H) chart. The price has fluctuated during this period, frequently crossing the 50 Exponential Moving Average (EMA).
The 200 EMA has shown consistent demand, contributing to multiple higher-low formations. This suggests underlying market demand that could trigger a breakout from the current range, fostering a continuation of the uptrend.
A specific pattern, a rounding bottom, has emerged within the consolidation range, presenting a potential bullish scenario. This pattern forms a neckline at $0.1420, indicating a potential trigger point for a breakout beyond the range.
Thank you to all who attended the #AlgoImpactSummit and tuned along for the live stream and updates.
We will announce the Creating Impact! Pitch Competition winners soon.
These last two days have shown how blockchain can solve the world’s most intractable challenges. pic.twitter.com/VDJlyYDxfN
— Algorand Foundation 🐍 (@AlgoFoundation) December 2, 2023
Moreover, the increased trading volume aligns with the notion of a bullish continuation, potentially accelerating the upward movement. However, it’s important to note that while these indicators suggest continuing a bullish trend, market movements are subject to change and unforeseen factors.
3. VeChain (VET)
VeChain (VET) experienced notable advancements in November, particularly with its partnership with AWorld, focusing on integrating blockchain for environmental sustainability. This collaboration underscores VeChain’s commitment to utilizing its platform for social and ecological causes.
In other news, VeTags, known for innovative pet care solutions, announced a collaboration with VeChain through its official X account. This partnership aligns VeTags with a prominent blockchain platform, aiming to introduce advanced technology to pet owners globally.
Need assistance exporting your keystore from VechainThor to VeWorld?
Check out this clip for guidance!
Download our new official wallet: https://t.co/jxKfLbLfNz#vechain #blockchain #crypto $VET https://t.co/z9qerUSLZW pic.twitter.com/of9gpp6ObB
— vechain (@vechainofficial) December 2, 2023
Regarding market movement, VeChain (VET) has shown consistent upward movement since early November. It is trading around $0.02 at the time of writing, marking an approximate 14% increase over a month. Technical analysis indicates a cautiously optimistic outlook, reflecting a mix of neutral and bullish signals.
4. eCash (XEC)
The eCash cryptocurrency has experienced a 2% price increase over the past year. Currently, its trading value surpasses the 200-day simple moving average, indicating a positive trend in its performance. Within 30 days, it has seen 15 gains, accounting for 50% of its recent trading activity. The yearly inflation rate stands at 1.73%.
The highest recorded price for eCash was on Jul 3, 2021, reaching an all-time high of $0.000448. Conversely, its all-time low was noted on Jul 20, 2021, at $0.00001746. Following this low, the highest price observed since then was $0.000386.
Presently, the sentiment around the price prediction for eCash leans towards a bullish outlook. At the same time, the Fear & Greed Index stands at 74, indicating a level of greed in the market sentiment.
The eCash ecosystem has been buzzing with activity, from launching the much-anticipated Avalanche Staking Rewards to announcing new listings and integrations. November has truly been a thrilling and momentous month for #eCash! 💯😍
Let's recap! 🧵👇🏼 pic.twitter.com/baHNaUsaqS
— eCash (@eCashOfficial) November 30, 2023
Regarding supply metrics, eCash has a circulating supply of 19.57 trillion XEC out of a maximum supply of 21.00 trillion XEC. The yearly supply inflation rate was 1.73%, creating 332.73 billion XEC within the last year. Within the Layer 1 sector, eCash currently holds the #42 rank in market capitalization.
5. Kava (KAVA)
DWF Labs, a notable digital asset market maker, recently announced a strategic partnership with Kava Chain, a Layer-1 blockchain network. The collaboration aims to capitalize on the strengths of both entities to propel advancements in decentralized finance (DeFi).
Their joint focus is enhancing Kava’s DeFi ecosystem, particularly bolstering its decentralized exchanges (DEXs). This move follows Injective’s adoption of Kava Chain’s Native USDT for their perps trading, aligning with Kava’s transition to a Cosmos layer-1 blockchain. These decisions underscore the increasing recognition of Kava’s offerings in the DeFi domain.
🚀 ONE week to #KAVA 15 launch! Get ready for ZERO inflation! pic.twitter.com/WGg797V7GS
— Kava (@KAVA_CHAIN) November 30, 2023
The impact of this collaboration is reflected in KAVA’s recent performance, which has observed an upward trend and traded consistently above the 200-day simple moving average. Additionally, over the last 30 days, KAVA has seen 17 days of positive price movement, representing a 57% increase. Its liquidity remains strong, substantiated by its market capitalization.
6. Meme Kombat (MK)
Meme Kombat has emerged as a noteworthy player in today’s cryptocurrency market, significantly impacting the landscape. Currently in its presale phase, the project has raised $2,333,803 out of its $2,500,000 goal, drawing early interest from potential investors and participants. The platform prides itself on offering an innovative gaming experience tailored for enthusiasts within the crypto space.
Hands up if you were able to buy $MK before the price increased🙌 pic.twitter.com/smqEjxMJQR
— Meme Kombat (@Meme_Kombat) November 30, 2023
One of the distinguishing features of Meme Kombat is its unique blend of staking and betting functionalities. The integration of staking and betting mechanisms aims to enhance the utility of MK tokens for its user base.
In addition to its current phase, Meme Kombat intends to list its tokens on a decentralized exchange. The project’s whitepaper outlines that 10% of the total token supply is allocated to provide liquidity to facilitate faster and decentralized trading of MK tokens. This strategy underscores the project’s commitment to enabling decentralized token transactions.
7. Curve DAO Token (CRV)
The Curve DAO Token (CRV) has shown positive market movement in the past 30 days, experiencing 16 gains, amounting to a 53% increase. Its liquidity is notable, supported by a high market capitalization.
As of today, the CRV price stands at $ 0.581126, with a trading volume of $ 98.53 million over the last 24 hours. The market cap is $ 538.79 million, indicating a market dominance of 0.04%. Within the past day, the CRV price rose by 1.90%.
Maybe brief summary:
– Obsolete stableswap oracles are not safe to use (CURRENT ones are SAFE);
– If you expect your stable to depeg <0.5 – keep it SECOND in the list of coins (say, WETH,frxETH instead of frxETH,WETH);
– Learn how oracle works before using! https://t.co/bjPrzFaIyh— Curve Finance (@CurveFinance) November 30, 2023
Sentiment analysis suggests a bullish trend in CRV’s price prediction. At the same time, the Fear & Greed Index indicates a value of 74, leaning towards greed in market sentiment.
8. Pepe (PEPE)
Pepe Coin is currently exhibiting several noteworthy trends and metrics within the market. Today, it stands at $ 0.000001133, showing a 24-hour trading volume of $ 46.92M and a market capitalization of $ 476.52M.
Notably, it has traded above the 200-day simple moving average and experienced 15 green days in the last 30 days, marking a 50% positive trend. Moreover, Pepe Coin holds a bullish price prediction sentiment.
waking up on December 1st like $PEPE 🐸🎅🎄🎁🎊 pic.twitter.com/hMROa8c3en
— Pepe (@pepecoineth) December 1, 2023
This coincides with a Fear & Greed Index showing a value of 74, indicating a market leaning towards greed. Furthermore, Pepe currently secures the third position in the meme coin sector based on market cap, with a circulating supply of 420.69T PEPE out of a maximum supply of 420.69T PEPE.
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