Jan 14 6 Cheapest Cryptocurrencies You Can Buy Right Now for Less Than $1
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Pursuing profitable investment opportunities leads investors to explore assets that promise potential profits and fit within budgetary constraints. So, in this article, we have put together a list of “the cheapest cryptocurrencies you can buy for less than $1 right now.” The goal is to identify tokens that have the potential to deliver significant returns while maintaining an accessible entry point.
6 Cheapest Cryptocurrencies You Can Buy for Less Than $1 Right Now
Ethereum has recently shown a rebound, rising 16% in just one week. These powerful capabilities include: investor expectations Potential Ethereum Spot ETF Approval. Moreover, these tokens priced below $1 are showing an upward trend.
1. Threshold (T)
Threshold’s 14% intraday surge signals renewed vitality in the decentralized finance (DeFi) sector. This upward momentum was even more evident during the week, with an impressive gain of over 39%. With the price of T at $0.0395, this rally is consistent with the upward trajectory of the total value locked within the Bitcoin tokenization protocol.
Additionally, according to the latest data from DeFiLlama, tBTC boasts a TVL of nearly $61 million. This indicator reflects a remarkable growth of 846% compared to the $6.45 million locked in the protocol at the beginning of February 2023. Additionally, T shows a positive trend of increasing adoption and expanding market share. Additionally, Threshold’s price forecast remains bullish, with the Fear and Greed indices indicating “greed” conditions at 60.
new $T | $tBTC The bond market is alive now @bond_protocol! 🚀
📈: https://t.co/O1CK1TGMSs pic.twitter.com/BHHwE0q1g8
— Threshold Network ✜ (@TheTNetwork) January 11, 2024
With 9.56 billion T of tokens in circulation out of a maximum supply of 10.52 billion T, there is strong business activity. Additionally, T experienced an annual supply inflation rate of 15.93%, generating 1.31 billion T over the past year. Likewise, the threshold is trading above the 200-day simple moving average, reflecting stability. Positive price movements were observed on 17 of the last 30 days, accounting for 57% of the observation period. In particular, the token maintains high liquidity based on its market capitalization.
2. Bitcoin Minetrix (BTCMTX)
Bitcoin Minetrix We are revolutionizing cloud mining by solving common problems associated with third-party platforms. The main goal of the project is to build a secure and transparent environment within a decentralized framework for individuals participating in Bitcoin (BTC) mining.
Bitcoin Minetrix, which is gaining considerable attention, has amassed a significant stake of over 400,000 BTCMTX tokens. The platform proudly boasts an initial annual percentage yield (APY) of 103,225%, a figure that can be adjusted as token staking increases.
Additionally, key allocations within the project include reserving 42.5% of BTCMTX tokens to facilitate mining operations. Another notable segment, totaling 35%, is dedicated to driving marketing initiatives and expanding BTCMTX.
Additionally, 15% is allocated as rewards to encourage active community participation. Meanwhile, the remaining 7.5% will be accumulated for BTCMTX staking rewards until the cloud mining platform is developed.
new $T | $tBTC The bond market is alive now @bond_protocol! 🚀
📈: https://t.co/O1CK1TGMSs pic.twitter.com/BHHwE0q1g8
— Threshold Network ✜ (@TheTNetwork) January 11, 2024
During the pre-sale phase, Bitcoin Minetrix raised over $8,386,897 by offering BTCMTX tokens at $0.011 per token. However, investors can grab the opportunity to acquire 2.8 billion, or 70% of the total token supply. BTCMTX. Additionally, purchases traded using Ethereum (ETH) or Tether (USDT) require a minimum investment of $10.
3. Siacoin (SC)
Siacoin’s trajectory indicates a bullish trend and the possibility of reaching new highs. This is consistent with the Fear and Greed Index registering at 60, which indicates the greed of investors. Siacoin’s circulating supply exceeds its maximum of 56.18 billion SC compared to its maximum of 52.54 billion SC.
Over the past year, Siacoin’s price has risen 268%, outperforming 87% of the top 100 cryptocurrencies. Currently trading above its 200-day simple moving average, Siacoin has experienced 16 green days in the past 30 days, which corresponds to 53% of the observation period. Active trading is also observed on Binance and other known platforms.
We just posted our December grant program update! Check out our progress at the end of the year as we introduce more impactful projects to the Sia ecosystem: https://t.co/lGIqG7K3lA
— Sia Foundation (@Sia__Foundation) January 12, 2024
With its solid foundation and dedicated cryptocurrency community, Siacoin is expected to achieve significant growth. Additionally, speculation about potential collaborations with other networks raises expectations that SC Coin will surpass $0.0118 by 2024. In a consistently strong market, the expected average price of Siacoin in 2024 is expected to be $0.0107. Conversely, a market decline could cause the minimum value of SC Coin to drop to $0.0101 over the same period.
4. BONK
Bonk has recently sparked investor interest, prompting major whale players to accumulate significant tokens. Traders using BONK tokens strategically made a significant profit of $6.9 million, highlighting the high interest the project is receiving. Meanwhile, Bonk has experienced an impressive 6390% growth in the last 90 days.
Additionally, positive price movements in Bonk can be attributed to a variety of factors, including inflation and central bank interest rates. Additionally, market sentiment, Solana’s growth, and internal developments in the Bonk project also play a role.
The recent surge in value strongly suggests positive sentiment and an optimistic outlook. Additionally, the strategic accumulation of BONK tokens by influential market participants, whales, has significantly contributed to the upward trajectory of the project.
GM
The first week of 2024 came and went.
It is a time to recognize the past, plan for the future, and continue to build for the new year.
10 chains, 600,000+ unique holders and 42 exchanges
Thank you to all BONK ecosystem builders and integrators in 2023.🧵Check out the BONK 2023 highlights… pic.twitter.com/fWgJgAX7JG
– Bonk! (@bonk_inu) January 8, 2024
Zooming in on a one-year perspective, Bonk has seen its price rise by 1,235%, outperforming 97% of the top 100 cryptocurrencies. Amazingly, it surpassed the performance of industry giants Bitcoin and Ethereum. Bonk is trading above the 200-day simple moving average, confirming continued positive momentum.
5. Centrifuge (CFG)
Centrifuge’s price sentiment indicates a bullish trend, complemented by a Fear and Greed Index of 60, indicating that greed is rampant. Currently ranked 52nd in the Ethereum (ERC20) tokens category, Centrifuge boasts a circulating supply of 466.06 million. This figure is out of a total maximum supply of 430.01 million CFG.
Over the past year, Centrifuge has seen significant strength, with its price soaring 174%. Additionally, Centrifuge is actively trading above its 200-day simple moving average, indicating strong, positive market momentum.
The summary for the fourth quarter of 2023 has been released. Check out the eventful news from Centrifuge over the past three months!
🏛 Real assets are backed by Frax, Aave, and Web3 Foundation.
🌀 Centrifuges are now available in Arbitrum, Base and Celo.
🌎 RWA Summit will be held again in 2024.
⭐️ And much more ↓https://t.co/73g3k40KgR— Centrifuge (@centrifuge) January 11, 2024
Despite an annual supply inflation rate of 34.46%, which generated 119.45 million CFG last year, Centrifuge maintains a positive market position. Additionally, the project’s current market capitalization ranking of 52nd highlights its prominence within the Ethereum (ERC20) token sector.
6. Just (JST)
JustLend recently began the process of allocating a specific portion of its protocol revenues for redemption and pooling. This strategic move aims to strengthen the development of the DAO ecosystem. This includes actively integrating JST and TRX tokens into SunSwap V2’s JST/TRX Liquidity Pool (LP). Additionally, tokens are deposited into a pre-burn contract for final burn.
This move shifted market attention to JST, which was trading at $0.031866, up 3.91% intraday. Over the past year, the token has surged 38%, demonstrating its resilient and positive long-term performance.
📢LP repurchase and pre-burn information ( $JST/ $TRX) token
📅First pre-burn time: 4 January 2024 19:48 (SGT)
📊Quantity of LP (JST/TRX) purchased and pre-burned: 1.764062 (equivalent to approximately $228,000).👉Learn more https://t.co/3X2qvJMzJp pic.twitter.com/WWEHaIlCrx
— JUST Foundation (@DeFi_JUST) January 5, 2024
An important thing to note is that the token has been consistently performing above its 200-day simple moving average. This indicates a sustained positive trend over the long term. This stability highlights the token’s maturity and reliability within the market.
Learn more
A new cryptocurrency mining platform – Bitcoin Minetrix
- Thanks to Coinsult
- Decentralized, secure cloud mining
- Get free Bitcoin every day
- Native token currently in pre-sale – BTCMTX
- Staking Rewards – APY 100% or more
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