Feb 29 7 Cheapest Cryptocurrencies You Can Buy Right Now for Less Than $1

adminMarch 1, 2024

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As Bitcoin halving approaches, the market is experiencing a significant rally and overall greed scores have reached new highs. Many coins are seeing notable gains, which is fueling enthusiasm among investors to capitalize on the opportunities the rally presents. Low-cost tokens have become an attractive option for traders looking for a cost-effective entry point into the market.

However, investing in tokens priced below 1 cent requires careful research. Therefore, this article compiles a list of cheap tokens that offer potential returns in the cryptocurrency market and highlights the importance of thorough analysis before making any investment decision.

7 Cheapest Cryptocurrencies You Can Buy for Less Than 1 Cent Right Now

Investors are ready to discover the next major opportunity in the cryptocurrency market, especially at prices below 1 cent. This has led to increased interest in tokens like Bonk, TUK, and ADA, especially during the ongoing market rally. Meanwhile, optimistic bets Dogecoin hits $1 billion record.DOGE futures hit a historic open interest level of $1 billion.

1. BONK

Bonk, based on the Solana blockchain, is riding the positive wave that meme coins are currently experiencing. During the last intraday session, BONK surged 56%, reaching a trading price of $0.000021. This surge increased its market capitalization to over $1.4 billion, making it the 62nd largest cryptocurrency.

BONK price chart

Likewise, it is the third largest in the meme coin world. Notably, BONK’s current trading price is above its 200-day simple moving average and close to its cycle high of $0.00002264. This wave of positive trends is pushing the coin further into the limelight. Moreover, analysts are bullish on Bonk and predict an upward trend fueled by extreme greed.

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Lock your BONK to earn rewards from community-built BONK eco products like BonkBot, SVB, and BONKswap.
Success in participating in BONK ecosystem products = more rewards for users who lock BONK, increased rewards in the pool… pic.twitter.com/ltQPMY4wTD
– Bonk! (@bonk_inu) February 10, 2024

The Fear and Greed Index is currently high at 80 as investors continue to trade significant Bonk tokens. The increase in trading caused Bonk’s trading volume to surge 178%, reaching $920 million. Likewise, social activity surrounding Bonk has surged. Since February 25th, social numbers have increased by 320%, with significant engagement from platforms such as X and Telegram.

2. Shiba Inu (SHIB)

Shiba Inu released the 14th edition of The Shib Magazine on Wednesday, featuring a collaboration with Paris-based open source crypto company Zama. This announcement caused the price of Shiba Inu to surge past the critical resistance level of 0.000009 to 0.00001. As a result, the optimism surrounding SHIB suggests a potential upside while avoiding bearish market indicators.

SHIB price chart

As of press time, SHIB had soared 34% the previous day and reached $0.00001439, the highest in two days, effectively below zero. Additionally, several key indicators are positive, further strengthening confidence in the Shiba Inu’s upward trajectory.

Many years ago, #ShibToken This was the beginning of an adventure that would push us beyond the boundaries of decentralization. We are excited to participate in the experimental testing of the DN404 standard, another bold step towards the future. 🌐
CA👇
0x5dE869E3E62B0FB2c15573246BA3Bb3Fd97a2275
— Shib (@Shibtoken) February 24, 2024

SHIB is trading above its 200-day SMA as the coin continues its move north. Additionally, a green candlestick appeared during the 20/30 days, nearing the cycle high. Meanwhile, experts expect this positive momentum to continue, especially as the overall market outlook remains green.

3. BitTorrent (New) (BTT)

With the upcoming Bitcoin halving in the spotlight, BitTorrent is gaining market attention as a budget-friendly alternative to BTC. The ongoing market rally has provided positive indicators for BTT’s trend. In the last 24 hours, BTT increased by 18.32% to $0.0000013. This surge reflects the prevailing bullish sentiment towards BitTorrent, further reinforced by its Greed score of 80.

BTT price chart

This high greed score indicates extreme greed among investors and indicates increased trading activity. In a broader context, BTT has seen notable growth over the past year. The price surged 74%, outperforming 58% of the top 100 cryptocurrency assets. Moreover, it is trading above the 200-day simple moving average, signaling a positive trajectory.

📢Last week #bittorrent
✅According to BTFS SCAN, the total number of BTFS miners has exceeded 7.9 million. The total number of contracts in BTFS is 143 million.
✅BTFS 2.3.5 in development https://t.co/YnJxgmblDO
— BitTorrent (@BitTorrent) February 27, 2024

In particular, BTT boasts high liquidity, as can be seen from its market capitalization. These developments highlight BTT’s growing traction within the cryptocurrency space. They attract the attention of investors looking for potential profit opportunities. As the cryptocurrency market continues to rise, BTT’s upward trend positions it well for continued growth and investment consideration.

4. Ituk Tuk (TUK)

Ituktuk We aim to revolutionize transport in developing countries and around the world through AI-powered sustainable transport solutions. eTukTuk is using blockchain technology to build the charging infrastructure of the future. The plan addresses environmental issues associated with traditional tuk-tuks, which are known to have high levels of pollution.

“Breakout crypto eTukTuk is working to improve urban transportation in developing countries through electric vehicles and blockchain technology.” – @cryptonews
Learn more here: https://t.co/7hr62WePzm
— eTukTuk (@eTukTukio) February 8, 2024

The project white paper also highlights the significant impact that internal combustion engine (ICE) tuk-tuks and other two- and three-wheelers have on developing countries. It therefore highlights the need for sustainable alternatives.

Furthermore, Ituktuk The token pre-sale gained momentum, with funds raised exceeding $1.5 million. It is currently priced at $0.0275 per $TUK token, and this value is expected to increase in the upcoming pre-sale phase. As the pre-sale enters its next phase in 8 days, TUK tokens will experience a potential price surge. This provides a window for investors to take advantage of the current token price before the price increases in the next pre-sale phase.

Visit eTukuk Presale

5. JASMY Coin

Jasmy aims to leverage the potential of the Internet of Things to introduce new applications that have captured the attention of investors during the current market rally. In the last 24 hours, Jasmy has experienced a rally reaching the green candlestick for 18/30 days. As of 5:06 a.m. ET, the trading price is up 15%, reaching $0.01811. This surge resulted in a 77% increase in trading volume to $579 million.

JAMSY price chart

JasmyCoin in particular has seen an impressive 235% increase in value over the past month. This surge has been fueled by increased user engagement and recent enrollment in Guarda Wallet. Prior to this surge, JasmyCoin had been consolidating since the beginning of the year, trading within the $0.006 range. However, recent market dynamics suggest a change in momentum, with bullish forces driving prices on an upward trajectory.

Technical analysis of JasmyCoin’s price action reveals a bullish bias. In other words, the coin is trading within a bullish pennant pattern. Therefore, analysts expect the bullish momentum to continue and the potential for further price rises as we enter the new month.

6. KLAY

KLAY is one of the low-cost tokens that is profiting from the current rally as the coin analysis is bullish. What further reinforces this view is the extreme greed figure of 80 when investors trade the token. This caused the coin to rise by 6.63% in the last 24 hours, bringing its price to $0.256100.

KLAY price chart

Additionally, Klaytn’s market price rose 6.17% to $882,741,070. Similarly, trading volume also increased by 64.93%, reaching a total of $67,597,369. Despite these positive movements, KLAY is trading approximately -4.78% below its cycle high. However, it is still quite high at 137.27%, above the cycle low.

that much @Pinskia and #clayton The foundation team has been working hard to finalize plans for the upcoming chain merge. Today our two leadership teams had a productive meeting: #line‘s office 🤝
Stay tuned for our joint community town hall detailing our plans for the merger! pic.twitter.com/j7LJLsKe7N
— Klaytn (@klaytn_official) February 28, 2024

Additionally, technical analysis shows that Klaytn is trading above its 200-day simple moving average, suggesting a favorable trend. Additionally, out of the last 30 days, KLAY experienced 17 green days, accounting for 57% of the trading period. This places the token near high liquidity and high cycles, as evidenced by its market capitalization.

7. Cardano (ADA)

With Bitcoin rising to $64,000, optimism is growing among investors, especially in the altcoin market. After printing green candlesticks for 18/30 days, Cardano caught the attention of market watchers. During this period, the price of ADA surged from $0.49 to $0.61, a 30% increase.

ADA price chart

Accordingly, the market capitalization also increased significantly from $17 billion to $21 billion. Moreover, technical analysis of Cardano (ADA) also presents a positive outlook.

In a recent developer blog interview: @zolliedollieCEO @Rejuve_AIWe discuss our mission to solve the problem of aging.
The decentralized platform uses AI and blockchain to reward contributors, provide personalized insights, and connect with trusted providers. pic.twitter.com/haw8tdz4X8
— Cardano Community (@Cardano) February 26, 2024

The coin is trading above its 100-day and 200-day exponential moving averages (EMA) and shows 27 positive technical indicators. As a result, these optimistic sentiments have many analysts predicting that the ADA price will rise further, reaching $0.85 by the second quarter of 2024.