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6 Cheapest Cryptocurrencies You Can Buy Now Dec 21

adminDecember 22, 2023

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Digital currencies offer a unique opportunity for investors looking for cheap yet promising assets. Today, several cryptocurrencies valued at less than $1 provide an entry point to access the market. Exploring these budget-friendly options reveals six potential gems with significant growth potential.

6 Cheapest Cryptocurrencies You Can Buy for Less Than $1 Right Now

In the last 24 hours, cryptocurrency market Major cryptocurrencies showed an upward trend, with significant increases. This increase in value prompted investors to purchase multiple tokens.

Bitcoin is up 3.2% over the past 24 hours as of 4 PM ET. Similarly, Solana saw a notable increase of 10%, while Near Protocol saw an impressive increase of 18.6%.

1. ORDI

ORDI has recently been attracting attention in the cryptocurrency market. The token has experienced significant growth since its listing on Binance. ORDI started at $4.99 on October 31st and rose to $23.99 in less than three weeks, a remarkable 380.7% increase. This upward trend continued, with ORDI increasing 20.1% to $64.53 by December 14th.

ORDI’s surge in value coincides with increased adoption of Bitcoin Ordinal NFTs in 2023. Additionally, the launch of ORDI on the Bitcoin blockchain has seen a significant influx of creators issuing NFTs. This contributed to the growing popularity of ORDI in the market.

Ordi price chart Ordi price chart

Additionally, analysts expect ORDI’s value to potentially increase following its Binance listing. This increase could result in improved trading activity and push its value up 17.2% to $75.63. Sentiment around ORDI’s price forecast is bullish. This is consistent with the Fear and Greed Index showing a score of 70 (Greed).

Some key highlights include ORDI’s consistent trading above its 200-day simple moving average. Additionally, ORDI has experienced a green day rate of 53% in the past 30 days. Additionally, the coin’s high liquidity is supported by its market capitalization.

2. Avalanche (AVAX)

In fact, previously, Moviebill joined Avalanche to introduce Fandime NFTs to the layer 2 blockchain. This partnership aims to ensure immersive Web3 and AR experiences. This gives users access to the latest blockbuster movies to digital collectible ticket holders. As part of this collaboration, Fandime NFT holders will receive a blockchain-based digital ID. This ID is also stored in the Real account on the Avalanche blockchain.

AVAX price chartAVAX price chart

Looking at the current state of the Avalanche, the sentiment surrounding the price prediction is optimistic. This corresponds to a Fear and Greed Index of 70, indicating a state of ‘greed’. According to key performance indicators, the Avalanche has increased its price by 280% over the past year.

In particular, it outperformed Bitcoin and Ethereum in terms of performance and traded above the 200-day simple moving average. Recent market trends are positive for the token sale price. So 22 of the last 30 days were green (73% positive). Avalanche is trading near its cycle peak due to high liquidity given its market cap.

3. Bitcoin Minetrix (BTCMTX)

Bitcoin Minetrix, a new cloud mining platform, stands out because it uses tokenization to address concerns about third-party cloud mining. We aim to provide a secure and transparent way for people to mine Bitcoin (BTC) in a decentralized manner.

The project has already garnered attention with over 400,000 BTCMTX tokens staked. Additionally, BTCMTX reports an Annual Percentage Yield (APY) of 103,225%, which may decrease as more tokens are staked.

Regarding token distribution, Bitcoin Minetrix distributed 42.5% of BTCMTX tokens to fund mining operations. Meanwhile, 35% is used for marketing and BTCMTX growth. Additionally, 15% is a reward for active community participation, and 7.5% will be used for BTCMTX staking rewards until the cloud mining platform is developed.

Additionally, the project raised over $5,638,098 through sales during the pre-sale period. BTCMTX Token Each costs $0.011. At this stage, 70% of the total token supply (2.8 billion BTCMTX) can be invested in Ethereum (ETH) or Tether (USDT), with a minimum investment of $10. As more tokens are staked, the highest reported APY may decrease, impacting investors’ returns. Their token distribution strategy shows that they are focused on mining infrastructure and platform growth.

4. Flow

Flow is experiencing optimistic price forecasts despite the Fear and Greed Index showing a greed score of 70. The project will have 1.48 billion FLOW tokens in circulation out of a maximum of 1.37 billion. Additionally, with an annual inflation rate of 42.65%, 441.92 million FLOW tokens were created over the past year.

flow price chartflow price chart

Examining the market performance, Flow has shown a commendable price increase of 14% over the past year. Moreover, it is consistently trading above the 200-day simple moving average. This upward trend reflects positively compared to the initial token sale price, with 17 of the last 30 days registered in the green. This statistic covers 57% of the period.

Notably, the token is trading near cycle highs, indicating robust market activity. In terms of market presence, Flow ranks first among NFT tokens and 31st in Layer 1. Additionally, the project boasts significant liquidity based on market capitalization, meaning significant market interest and active trading.

5. Wemix (Wemix)

Wemade, a prominent Korean game developer, is expanding its Web3 gaming footprint. They aim to achieve this by bringing the popular WEMIX PLAY hosted games to LG Smart TVs and monitors. The move marks the first game on the WEMIX PLAY blockchain gaming platform to be accessible on LG screens. Additionally, the company aims to build a blockchain-based mega ecosystem consistent with its mission.

Wemix price chartWemix price chart

The current sentiment regarding the price prediction regarding WEMIX token is neutral. The Fear and Greed Index shows a value of 70 (Greed). A notable highlight is the 926% increase in prices over the past year.

It outperformed 94% of the top 100 cryptocurrency assets during this period. Moreover, the token is currently trading above its 200-day simple moving average. Additionally, the number of green days in the last 30 days was 16, accounting for 53% of the total period.

6. BONK

Binance, the world’s leading cryptocurrency exchange, recently expanded support for the meme-based cryptocurrency Bonk Inu (BONK) on the Solana Network. This expansion includes the activation of trading bot services for specific trading pairs: BONK/USDT and 1000SATS/USDT starting December 21.

BONK price chartBONK price chart

Binance’s decision may have contributed to the significant surge in the price of BONK after Bonk Inu was listed on the platform. As a result, the value of BONK has surged by a whopping 300% in the past month. As a result, the market capitalization exceeded $1 billion. The highest price BONK has reached since its last low is $0.00002153.

Analyzing its recent performance, Bonk Inu is trading above its 200-day simple moving average. There were positive market movements for 15 out of 30 days. This resulted in a 50% increase in positive trading days. Market capitalization also indicates considerable liquidity.

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adminDecember 22, 2023

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