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8 Best Cheap Crypto to Buy Now Under 1 Dollar January 12

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Investors constantly seek promising opportunities that offer both affordability and the potential for significant returns. The allure of finding the next big token at a fraction of the cost has led many to explore the world of low-priced tokens. Insidebitcoins comb the market for such tokens, presenting investors with various attractive entry points for investors with modest budgets.

8 Best Cheap Crypto to Buy Now Under 1 Dollar

Cathie Wood, the Chief Executive Officer of ARK Invest, has reiterated her optimistic Bitcoin price projection, foreseeing a value of $1.5 million by the year 2030. This news has pushed investors to seek other affordable tokens, positioning themselves for a bull run.

1. EOS (EOS)

EOS has been steadily gaining attention in the cryptocurrency market. The blockchain platform is designed to function like a real computer, incorporating computing concepts in its software. Three essential resources power the EOS blockchain. 

EOS PRICE CHART

These resources include the bandwidth for relaying information and computation (CPU) for processing decentralized applications (dApps). In addition, the state storage (RAM) helps for swift data storage and retrieval. Furthermore, investors find confidence in EOS’s functional design, reflecting a positive price prediction sentiment. 

Also, the Fear & Greed Index stands at 71, indicating a prevalent sense of greed in the market. Moreover, EOS trades above its 200-day simple moving average, signaling a positive trend. With high liquidity and active trading on platforms like Binance, EOS is an intriguing player in the crypto space.

2. Conflux (CFX)

Conflux has surged dramatically, notching up gains of over 400% on a month-on-month basis. This remarkable upswing is directly tied to the recent revelation of Conflux’s integration with the popular Chinese social network Xiaohongshu. The integration has spotlighted the growing influence of blockchain technology, a force reshaping conventional notions of trust and data management.

CFX PRICE CHART

Furthermore, Conflux is positioning itself as a trailblazing next-generation blockchain network. As such, it actively confronts the blockchain trilemma through its distinctive architecture. Moreover, the project seeks to empower decentralized applications (DApps) with high performance through its groundbreaking tree-graph consensus mechanism. 

In addition, CFX’s innovative approach actively enables the platform to achieve horizontal scalability. Therefore, the project boldly asserts its ability to process unlimited transactions per second. This scalability boldly positions Conflux as a compelling platform for developers eager to construct and deploy their decentralized applications actively.

3. 1inch Network (1INCH)

1inch Network has been actively working to connect decentralized finance (DeFi) with traditional financial institutions. Notably, INCH hosted the “Institutions and DeFi” meetup at the World Economic Forum Annual Meeting in 2022 and 2023.

1INCH PRICE CHART

1inch Network’s participation in such high-profile events highlights its commitment to bridging the gap between DeFi and traditional finance. Moreover, by engaging with leaders from various fields, the platform aims to foster a better understanding of the two financial sectors.

Meanwhile, analysis and predictions regarding the 1INCH token have been positive. The coin is expected to grow significantly in 2024, with its price estimated to hit $0.33 to $1.36. Therefore, this projection reflects the potential for increased adoption and growth within the DeFi space.

4. eCash (XEC)

eCash (XEC) is experiencing a positive sentiment, with a Fear & Greed Index 71 indicating a preference for greed among investors. Furthermore, the circulating supply of eCash is at 19.60 trillion XEC out of a maximum supply of 21.00 trillion XEC. 

XEC PRICE CHART

Over the past year, there has been a 1.92% yearly supply inflation rate, creating 369.49 billion XEC. Among Layer 1 cryptocurrencies, eCash is currently ranked 42nd in market capitalization. Notable aspects contributing to its position include a 45% price increase last year.

Moreover, it is consistently trading above the 200-day simple moving average. eCash is also recognized for its high liquidity, reflected in its market cap, and is actively traded on the Binance platform.

5. Celo (CELO)

Celo, through BaseSwap, has formed a partnership with OKX Wallet. This integration boosts decentralized finance (DeFi) accessibility, making trading and earning yields easier within the wallet interface. 

CELO PRICE CHART

Moreover, this move aligns with the industry trend of integrating decentralized exchanges with wallets, making DeFi more user-friendly. Therefore, users can now directly access BaseSwap’s decentralized exchange features through the OKX Wallet, streamlining the overall experience.

Investors view Celo’s price prediction with optimism, as the Fear & Greed Index score of 71 indicates a prevailing sense of greed. Over the past year, Celo’s price has risen by a significant 38%. Meanwhile, the coin consistently trades above its 200-day simple moving average, showing ongoing positive momentum.

6. Sponge V2 ($SPONGE V2)

Sponge V2 has grown impressive since its inception, marked by a $1 million increase in its initial valuation. The token experienced a surge, reaching a peak market capitalization exceeding $100 million in 2023, eventually stabilizing at $16 million. As such, the project has successfully amassed a user base of more than 11,500 holders, indicating a significant and engaged community.

Furthermore, Sponge (SPONGE) rocketed by an impressive 4,000% since its launch in May 2023, and it is now relaunching as the v2 token. With a fresh focus on unlocking Play-to-Earn (P2E) potential, Sponge aims to position itself alongside major P2E. Therefore, it aims to offer an alternative in the meme coin market.

Sponge V2 offers a unique approach to the meme coin world compared to other non-Doge meme coins. The coin currently boasts a valuation 70% higher than PEPE, which gained traction after its April 2023 launch.

7. Storj (STORJ)

As a key player in the crypto space, Storj has seen some interesting changes in the past year. Right now, the sentiment about Storj’s future price is neutral, with investors showing a bit of greed, scoring 71 on the Fear & Greed Index.

STORJ PRICE CHART

The numbers show 398.41 million STORJ tokens out of 425.00 million in circulation. In addition, The yearly inflation rate is -3.52%, meaning 14.53 million fewer STORJ tokens were created last year.

Meanwhile, Storj decreases its token supply with a -3.52% yearly inflation rate. This could catch the eye of investors looking for assets with a controlled supply. Furthermore, it’s currently trading above its 200-day average, pointing to a positive trend. 

8. The Graph (GRT)

The Graph is quietly grabbing attention, standing out from the crowd of other cryptocurrencies. GRT’s short-term outlook may seem bearish. However, the long-term potential of GRT and its role in decentralized data indexing make it an altcoin to keep an eye on.

GRT PRICE CHART

Right now, the market sentiment for The Graph is positive. This is coupled with a Fear & Greed Index score 71, pointing to greedy investor sentiment. On the technical side of things, GRT is on a positive trajectory. It’s trading above its 200-day simple moving average, indicating a favorable trend. 

Over the last 30 days, GRT has seen 15 green days, making up 50% of the observed period. Moreover, the token has high liquidity, backed by its market cap, and actively trades on Binance.

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