{"id":571291,"date":"2024-08-31T07:24:39","date_gmt":"2024-08-31T07:24:39","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=571291"},"modified":"2024-08-31T07:24:39","modified_gmt":"2024-08-31T07:24:39","slug":"5-best-cheap-cryptocurrencies-to-buy-under-1-dollar-august-30-sun-new-conflux-bitget-token-tron","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/5-best-cheap-cryptocurrencies-to-buy-under-1-dollar-august-30-sun-new-conflux-bitget-token-tron","title":{"rendered":"5 Best Cheap Cryptocurrencies to Buy Under 1 Dollar August 30 \u2013 Sun (New), Conflux, Bitget Token, TRON"},"content":{"rendered":"

The cryptocurrency market has seen a significant recovery since the collapse of the FTX exchange in 2022. According to a recent report by Canaccord, the industry has experienced growth over the past year, spurred by the increased global adoption of digital assets.<\/span><\/p>\n

Market analysts, including Joseph Vafi, noted that the crypto sector has transitioned from a post-FTX consolidation and recovery phase. Meanwhile, investors are searching for smart market positions. As such, this article curates the 5 best cheap cryptocurrencies to buy now under 1 Dollar.<\/span><\/p>\n

5 Best Cheap Cryptocurrencies to Buy Under 1 Dollar<\/b><\/h2>\n

Over the past week, the TRON-based Sun token has experienced a significant upward trend, surging by over 40%. Meanwhile, Conflux has recently established several partnerships, positively influencing market sentiment. Additionally, Bitget Wallet, a leading global Web3 wallet with over 30 million users, has responded to the growing demand for memecoins. Meanwhile, <\/span>Bitcoin has drifted back to $60,000<\/span><\/a>, slightly reducing the week’s losses.<\/span><\/p>\n

1. Sun (New) (SUN)<\/b><\/h3>\n

Over the past week, the TRON-based Sun token has charted a positive course, rallying by over 40%. Initially launched over four years ago, SUN Token was designed to emulate Bitcoin as a store of value. <\/span><\/p>\n

However, it suffered a significant crash in 2021 due to supply hyperinflation. Since then, the token has shifted its focus to decentralized finance (DeFi) on the Justwap and Justlend platforms. With this renewed purpose, SUN aims for a $1 billion market cap.<\/span><\/p>\n

\"SUN<\/p>\n

Justin Sun’s strategy to enhance the network’s revenue, which he forecasts to exceed $4 billion next year, involves leveraging meme coins and adjusting network fees. The SunPump feature has quickly outpaced its Solana-based competitor, Pump.fun, in terms of tokens launched and daily revenue.<\/span><\/p>\n

Sun Token’s recent performance reflects strong market interest and renewed utility, suggesting a promising future for its DeFi-focused strategy. This price increase underscores the potential for substantial gains in the evolving crypto market.<\/span><\/p>\n

Since launch, Sun’s price has increased by 552%, outstripping 93% of the top 100 crypto assets. Furthermore, it trades 317% above the 200-day simple moving average of $0.008192. As of August 30, 2024, the general sentiment for Sun Token’s price prediction is bullish, with 26 technical analysis indicators signaling positive trends.<\/span><\/p>\n

2. Conflux (CFX)<\/b><\/h3>\n

Conflux has recently formed several partnerships, positively impacting market sentiment. One significant collaboration is with Presto Labs, aiming to enhance staking capabilities and broaden market reach across Asia. This alliance aligns well with Conflux’s mission to connect decentralized economies worldwide and foster blockchain ecosystem growth. <\/span><\/p>\n

Notably, the collaboration with Presto Labs is anticipated to facilitate entry into new markets and support innovative blockchain initiatives.<\/span><\/p>\n

\"CFX<\/p>\n

Additionally, Conflux has partnered with China Mobile’s Migu to introduce the first blockchain-powered video ringtone. This innovative product exemplifies the practical applications of blockchain technology.<\/span><\/p>\n

News of Conflux’s partnership has triggered a positive market sentiment. CFX trades at $0.139235 at press time, rising by 4.41% in the last 24 hours. Despite this increase, market sentiment remains bearish, with a Fear score of 34.<\/span><\/p>\n

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📱🔗 Own the world's first blockchain-powered video ringtone with Conflux and China Mobile's Migu<\/p>\n

Join over 1 billion+ monthly users with China Mobile to experience cutting-edge digital collections by Migu. Get ready for video RBTs, DIDs, and blockchain communication… pic.twitter.com\/PDB6YPU6NZ<\/a><\/p>\n

— Conflux Network Official (@Conflux_Network) August 21, 2024<\/a><\/p><\/blockquote>\n