6 Cheapest Cryptocurrencies You Can Buy Now for Less Than $1 March 2

adminMarch 3, 2024

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Trading activity is high, with several tokens trading close to all-time highs and some creating new ATHs. At the same time, the current market rally has pushed the overall greed score up to 86 as investors actively update their portfolios.

Traders looking for cost-effective market entry or portfolio diversification options are researching inexpensive tokens. However, identifying the most promising and cheapest cryptocurrency assets requires significant time and effort. This article simplifies your search by listing cheap coins under $1. It examines growth potential and provides insights that help traders make informed decisions.

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

Bitcoin is rapidly getting closer. All-time high $69,000, experts predict it is likely to surge to $200,000. Likewise, numerous tokens are showing an upward trend. Selling for less than $1, these tokens allow investors to participate in the market.

1. Pepper (PEPE)

Pepe is designed as a deflationary cryptocurrency that aims to achieve token scarcity by reducing supply and increasing the value of the token over time. In this context, the impending Bitcoin halving has influenced Pepe’s market sentiment. This is because the price has risen by more than 56% in the last 24 hours.

This activity signifies increased adoption and transactions, boosting Pepe’s ranking to #3 in the memecoin market. Meanwhile, Pepe’s trading indicators further solidify the bullish sentiment surrounding the price prediction. Pepe’s closing price is higher than the opening price on the 18/30th, accounting for 60% of the days when the green candlestick is full.

PEPE price chart

Moreover, Pepe Coin shows strong market momentum, trading near all-time highs and above its 200-day simple moving average. An analysis of Pepe’s market sentiment shows that it has an Extreme Greed rating of 80 on the Fear & Greed Index, indicating growing investor appetite for the token.

$PEPE Nominated for ‘Memcoin of the Year’ 🎉🐸
👇There are 3 days left to vote for Frog at https://t.co/Kk5mQzkiJO.
— Pepe (@pepecoineth) February 29, 2024

This surge in demand can be attributed to Pepe’s deflationary approach to achieving token shortages and its alignment with the broader meme coin trend, where popularity and demand have a huge impact on value.

As a meme coin, Pepe’s value is inherently tied to transactional use, demand, and popularity rather than utility. Therefore, Pepe has been gaining momentum recently as the popularity and demand for meme coins have rapidly increased.

2. Kronos (CRO)

In February, Cronos launched a large-scale collaboration that further boosted adoption. This indicates momentum towards increased adoption. Cowboy Labs in particular leveraged the power of Unreal Engine to provide updates for the upcoming game. This gained attention within the gaming community. CroSkulls also unveiled the Kimera project, which represents the next step in its gaming protocol expansion efforts.

As we transition into March, Cronos has seen a noticeable surge in market momentum. The viewership rating over the past 7 days alone was a whopping 40.72%. This surge reflects the bullish sentiment surrounding the Cronos project and is further supported by trading performance. Moreover, the northward movement continues, consistently hovering above the 200-day simple moving average.

CRO price chart

Meanwhile, Cronos has had 18 green days out of 30, according to recent market data. This accounts for 60% of positive trading days. This indicates a strong upward trend in the price trajectory, with the position close to the cycle high.

🎬 Cronos Ecosystem Summary
Ending the exciting month of February #Chronos for #CROFam!
A thread about the latest happenings across dApps. @cronos_chain ecosystem! 🧵 👇
— Cronos (@cronos_chain) March 1, 2024

Cronos’ announcement of future partnerships with other networks also reflects its potential for future growth and market dominance. With this strategic move in mind, analysts predict that CRO’s highest price level could surpass $0.194 by 2024.

3. Phantom (FTM)

Fantom’s upcoming v2 upgrade promises to introduce several key features to improve market efficiency. One notable addition is the loan pool feature, which is designed to facilitate lending by allowing borrowers to accept partial loans. This innovation specifically aims to streamline large-scale lending operations.

The v2 upgrade also introduces automatic composite locations. This allows lenders to provide loans in perpetuity. At the same time, when the loan is repaid, the capital and interest are automatically reinvested to support lending activities.

FTM price chart

Meanwhile, Phantom’s native coin has risen in value in light of the positive market outlook. The coin recorded a 5.92% increase in the last intraday trading session, skyrocketing its value to $0.515563. Over the past year, the coin has recorded a 23% price surge, reflecting continued positive market trends. Additionally, Phantom is trading at $0.352110, 46.76% above its 200-day SMA, indicating a strong performance trend.

with vibration #fantasy team, plus @PythNetwork, @Equalizer0x And there are dozens of new and old prens 💖
hearer @michaelfkong About building within the ecosystem and how Fantom will get there. #Sonic Speed up your pace this spring 🌱
Recordings and photos follow!
Notification Recommendations 🔔 pic.twitter.com/v7UWaZBsco
— The Phantom Foundation (@FantomFDN) February 29, 2024

In terms of recent performance, Phantom has proven its resilience. Among the last 30 days, the number of green days was 16, accounting for 53% of the trading period. This consistent positive trajectory reflects the coin’s high liquidity, as evidenced by its market capitalization.

4. Bitcoin Minetrix (BTCMTX)

Bitcoin Minetrix The pre-sale has attracted a lot of interest, raising $11,654,717 to date. The project aims to change BTC mining for miners by addressing issues such as high hardware costs and fraud. Bitcoin Minetrix allows users to access cloud mining credits by staking BTCMTX tokens, ensuring a safe and easy mining experience.

Bitcoin Minetrix also offers key features that make it different from traditional mining. This product includes an affordable entry point with no minimum purchase requirement. It also offers decentralized and user-owned tradable tokens for safety.

It also features user-controlled risk management with easy withdrawal and sell options. In the 29th phase of the pre-sale, Bitcoin Minetrix staked 708,997,871 BTCMTX tokens at an APY of 58%. The price of the token is $0.0138, allowing investors to benefit from the current price before the expected rise in 4 days.

Step 29 #Bitcoin Metrics It’s started now! 🟢
What are economic incentives? #Bitcoin mine worker? pic.twitter.com/XAdC1a4qOH
— Bitcoin Minetrix (@bitcoinminetrix) March 1, 2024

Bitcoin Minetrix For cryptocurrency enthusiasts interested in BTC mining, it offers a promising solution without high costs and risks. Meanwhile, its decentralized approach and user-friendly features aim to make mining accessible to more people.

Visit Bitcoin Minetrix Presale

5. Algorand (ALGO)

Algorand has partnered with the United Nations Development Program (UNDP) to launch the Algorand Blockchain Academy. With potential applications for sustainable development, this initiative aims to train UNDP staff in blockchain technology.

Algorand’s collaboration with UNDP also highlights the growing interest in the real-world utility of blockchain. Primarily, this partnership covers sectors focused on sustainability and development. Algorand’s strong use cases make it an attractive option for investors looking for a secure and scalable platform.

know price chart

This increase in adoption has a positive impact on the coin market trends, with the coin rallying 47.54% in the past month. At the same time, investor sentiment is positive, as evidenced by the greed score of 80. This score indicates growing enthusiasm for the ALGO token among market participants.

👂 @Tangem heard #AlgoFarm Loud and clear!
Algorand is now available in Tangem’s cold wallet.
Easily manage your Algo with true hardware security with the latest app versions available on the App Store or Google Play.
Algorand users can get a 10% discount using code ALGO10… pic.twitter.com/LRo2t6Vb4i
— Algoland Foundation (@AlgoFoundation) March 1, 2024

Moreover, considering Algorand’s continued upward trend, its performance relative to its price is also noteworthy. The coin is trading at $0.166366, which is 41.93% above its 200-day SMA. This is supported by 22 green days out of the last 30 days, indicating strong bullish momentum in the market.

6. BEAM

As the gaming market grows, the $BEAM token is gaining attention. Powered by the Merit Circle DAO, the Beam Network seeks to transform the gaming industry through collaboration between gamers and developers. Therefore, the ecosystem offers the Beam SDK, a versatile software development kit that enables game developers to create in-game blockchain elements using a variety of tools.

Over the past month, Beam has captured the market’s attention with several notable integrations and announcements. Among them were the Immutable zkEVM integration and the release of ForgotPlayland $FP.

beam price chart

Considering the positive wave surrounding gaming tokens, Beam use cases have seen the tokens steadily moving north. In this regard, the sentiment surrounding Beam’s price prediction is optimistic. This sentiment has rewarded the token with 18 green days out of the last 30 days as the closing price took the lead.

What happened this month? 📜
🟠 spherical @immutability zkEVM integration
🟠 @Edenhorde 2nd anniversary
🟠 @ForgotPlayland $FP start
🟠 @MeritCircle_IO Community event notice #MC Water Tower 24 pic.twitter.com/FEL43sgxJv
— Merit Circle (@MeritCircle_IO) February 29, 2024

Additionally, the Fear and Greed Index is currently at 80, indicating trading activity among investors. Experts predict a possible surge in Beams value as it approaches its all-time high of $0.037959. This could happen if the upward trend continues, potentially hitting a new all-time high.