{"id":585587,"date":"2024-10-09T18:52:28","date_gmt":"2024-10-09T18:52:28","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=585587"},"modified":"2024-10-09T18:52:28","modified_gmt":"2024-10-09T18:52:28","slug":"6-best-cheap-cryptos-to-buy-now-under-1-dollar-october-9-fantom-shiba-inu-starknet-dogecoin","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/6-best-cheap-cryptos-to-buy-now-under-1-dollar-october-9-fantom-shiba-inu-starknet-dogecoin","title":{"rendered":"6 Best Cheap Cryptos to Buy Now Under 1 Dollar October 9 \u2013 Fantom, Shiba Inu, Starknet, Dogecoin"},"content":{"rendered":"

Japan’s Financial Services Agency (FSA) has clarified that non-custodial wallet services employing authentication technology do not fall under the category of crypto asset trading businesses. Meanwhile, Bitcoin (BTC), the largest cryptocurrency by market capitalization, may experience a rally in October despite a weak start to the month. Three indicators suggest a potential upward trend. Currently, BTC is priced at $62,311.60, reflecting a 0.6% decline in the last 24 hours but a 1% increase over the past week.<\/span><\/p>\n

Historically, October has proven to be a favorable month for Bitcoin. Given these developments, investors are searching for affordable tokens, particularly the <\/span>best cheap crypto to buy now under 1 dollar, to capitalize on the price climb.<\/span><\/p>\n

6 Best Cheap Cryptos to Buy Now Under 1 Dollar <\/b><\/h2>\n

According to crypto analyst Captain Faibik, Fantom (FTM) may be gearing up for a potential upward trend. Meanwhile, Shiba Inu (SHIB) has strongly recovered following an unexpected price dip in the past 24 hours. <\/span><\/p>\n

Starknet has also made significant strides by launching STRK staking on its Sepolia testnet, a key move toward decentralization and strengthening security. Dogecoin has seen notable recent movement, valued at $0.109319, with a 1.73% increase over the last 24 hours. Additionally, <\/span>FTX<\/span><\/a> has been approved to repay nearly all customers 119% of their allowed bankruptcy claims.<\/span><\/p>\n

1. Fantom (FTM)<\/b><\/h3>\n

Fantom (FTM) has shown signs of a potential upward movement, according to an analysis by crypto analyst Captain Faibik. The token, which had been trading within a descending wedge pattern for several months, recently broke through a key resistance level, suggesting a shift in momentum.<\/span><\/p>\n

Captain Faibik’s chart analysis indicates that the breakout from this wedge formation may signal a reversal in the previous downtrend. Typically, this pattern suggests that selling pressure has weakened, allowing buying activity to take over. The breakout occurred as FTM’s price moved above the upper boundary of the wedge, a sign that buyers are gaining control.<\/span><\/p>\n

\"FTM<\/p>\n

This development could represent a turning point for Fantom, which had been trading within a narrow range for some time. With the resistance level now surpassed, the outlook for the token appears more positive. The analyst has identified a target price range of $1.60 to $1.70, a notable increase from current levels.<\/span><\/p>\n

While the chart suggests bullish momentum, the potential rally is not guaranteed. However, the token could soon reach the predicted price zone if the buying pressure continues. <\/span><\/p>\n

2. Shiba Inu (SHIB)<\/b><\/h3>\n

Shiba Inu (SHIB) has experienced a notable recovery after an unexpected price drop in the last 24 hours. The meme coin shows signs of improvement, with growth metrics, including the burn rate, on the rise. The burn rate has increased by over 455%, indicating a reset in the project’s key indicators.<\/span><\/p>\n

Following a recent decline, SHIB is attempting to recover its earlier losses. At the time of writing, the token has gained 1.68%, bringing its price to $0.00001765. It has also managed to break through its previous resistance level of $0.0000174, which now acts as support. This shift could signal a potential price rebound.<\/span><\/p>\n

\"SHIB<\/p>\n

The rise in burn rate is also significant. Approximately 2,903,600 SHIB tokens have been sent to dead wallets, raising the total number burned to over 410 trillion. Meanwhile, around 583 trillion SHIB remain in circulation.<\/span><\/p>\n

For investors, this reset is an important development to watch as it may reflect the health of the Shiba Inu ecosystem. A continued improvement in these metrics could lead to more investment in the token, possibly boosting its value soon.<\/span><\/p>\n

3. Starknet (STRK)<\/b><\/h3>\n

Starknet’s recent introduction of STRK staking on its Sepolia testnet marks a significant step toward decentralization and enhanced security. As the first Layer 2 network to implement STRK staking, this move aims to refine the process before launching on the mainnet.<\/span><\/p>\n

\"STRK<\/p>\n

During this testnet phase, the requirements will allow broader participation for stress-testing the staking contract. The minimum staking amount is just 1 STRK, a sharp contrast to the 20,000 STRK required on the mainnet. Additionally, the unstaking lockup period is only 5 minutes, compared to the 21 days on the mainnet. These adjustments encourage users to participate actively and test the system under different conditions.<\/span><\/p>\n

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STRK staking is now live on Starknet Sepolia!<\/p>\n

As the first L2 to introduce STRK staking, we're accelerating our efforts to make Starknet a fully decentralized and more secure network.<\/p>\n

During this testnet phase, the staking requirements allow more participants to stress-test our… pic.twitter.com\/bNHy19Fe9e<\/a><\/p>\n

— Starknet 🐺🐱 (@Starknet) October 8, 2024<\/a><\/p><\/blockquote>\n