Mar 11 7 Cheapest Cryptocurrencies You Can Buy Right Now for Less Than $1
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As altcoins gain attention, several tokens are still benefiting as the rally season continues. The market was flooded with green candles and deals, pushing the overall greed score to all-time highs. This has sparked excitement among investors looking to capitalize on the rally. Meanwhile, tokens priced below $1 are attractive to traders aiming for a budget-friendly entry point into the market.
Nonetheless, investing in these low-cost tokens requires careful research. Therefore, this article presents a collection of cheap tokens from the cryptocurrency market that promise potential profits.
7 Cheapest Cryptocurrencies You Can Buy for Less Than $1 Right Now
Investors are eagerly looking for the next big opportunity in cryptocurrency, with a particular focus on tokens priced at b. Bitcoin soared past $72,000.It recorded six consecutive days of gains, bringing its year-to-date gain to nearly 70%.
1. IOTX
zkPass recently partnered with iotex_io to improve ecosystem services. Known as a privacy protocol, zkPass operates based on Multi-Party Computing (MPC), Zero-Knowledge Proof (ZKP), and Three-Party Transport Layer Security (3P-TLS).
zkPass Stake is committed to providing high-quality infrastructure and staking services for PoS projects. Therefore, this partnership aims to expand the reach of IoTeX to the Binance Staking community.
Meanwhile, market sentiment towards IoTeX is bullish, with the greed score rising to 82 due to increased transactions. Additionally, IoTeX’s annual inflation rate is negative at -0.08%, which means it is in a state of deflation.
“DePIN primitives, or building blocks, like those created by IoTeX, allow people to focus on solving DePIN’s two main challenges:
1. Where should decentralization be applied? Which infrastructure actually benefits?
2. How do we stimulate demand-side interest?”
– @guywuolletjr ~ Of @a16zcrypto pic.twitter.com/iItPWaXvtR
— IoTeX (@iotex_io) March 6, 2024
Trading at $0.076192, IoTeX has high liquidity based on its market capitalization. It is also well above the 200-day simple moving average (SMA) of $0.038794. IoTeX has shown positive performance relative to its token sale price. Likewise, there have been 15 green days out of the last 30 days, representing a 50% increase in positive trading days.
Additionally, IoTeX is trading at a price 88.32% higher than the 200-day SMA, demonstrating continued investor interest and trust. It is also trading near cycle highs, showing potential for long-term appreciation.
2. PYTH Network (PYTH)
PYTH is an oracle network that provides real-time market data across 40+ blockchains. The platform offers over 380 low-latency price feeds across a variety of financial products including cryptocurrencies, stocks, ETFs, forex pairs, commodities and more. Importantly, this broad coverage provides financial dApp developers with immediate access to accurate and reliable market data.
Meanwhile, Pyth Network is printing greens, with its price rising 20.995 to $0.889753 (20.99%). This optimistic sentiment is complemented by the Fear and Greed Index, which currently stands at 82 due to increased trading. Trading activity reflected the liquidity of the network, with a 24-hour volume-to-market cap ratio nearing its cycle high of 0.7644.
Yesterday the elected Pythian Council was approved by the Council. $PYTH Striker.
Today, Pyth DAO can look forward to the election of its second council, the Price Feed Council!
Learn more below.
What is the Price Feed Council?
The Price Feed Council consists of seven members. pic.twitter.com/c0tU8HJuTB
— Pyth Network 🔮 (@PythNetwork) March 8, 2024
Additionally, Pyth Network is trading near its all-time high of $0.898822, aiming to break it. To achieve this, a green day was recorded on the 17th, when the daily closing price exceeded the daily opening price over the past 30 days. On this note, investors closely monitor coins in the current market.
3. Algorand (ALGO)
Algorand’s trajectory remains bullish, with investors actively adding coins to their portfolios to push the greed score to 82. At today’s price of $0.285418, ALGO has surged 6.87% in the last 24 hours and a whopping 53% in the past year.
Additionally, ALGO’s trading activity reflects a positive trend, with the coin rising above its 200-day simple moving average. Algorand’s innovative approach to scalability and security sets it apart from other blockchain platforms. The network utilizes cryptographic sorting and unique consensus algorithms to quickly select validators to facilitate efficient block processing.
These technological innovations and community support allow Algorand to grow in the current market. Over the past 30 days, Algorand has experienced 19 green days, accounting for 63% of trading sessions, indicating favorable market sentiment.
that much @UNDP Algorand Blockchain Academy beta testing begins 🎓
And it’s just getting started.
Blockchain technology has the potential to:
🟢 Verify the legal identity of nearly 1 billion people
🟢 Providing financial inclusion solutions to the 1.4 billion unbanked people
— Algoland Foundation (@AlgoFoundation) March 5, 2024
Moreover, trading near the cycle high of $0.296941 highlights the coin’s upward momentum. In particular, Algorand boasts high liquidity based on its significant market capitalization. Accordingly, potential collaborations with other networks could push the price of ALGO past $0.62 by 2024.
4. 0x(ZRX)
Driven by Upbit Traders, ZRX regained its position above $500 million in market capitalization for the first time in two years. The 0x token, currently priced at $1.001474, has seen an impressive increase of 25.30% in the last 24 hours. Meanwhile, while sentiment for 0x remains bullish, its fear/greed score of 82 reflects extreme greed among investors.
Moreover, ZRX has seen impressive growth YTD, with its price surging 415%. Additionally, the upward trend continues, with the stock consistently trading above its 200-day simple moving average. It is currently 203.59% above the 200-day SMA of $0.332015. ZRX significantly outperformed its token sale price and demonstrated high liquidity by market cap.
However, despite the positive trajectory, ZRX faces resistance near the $0.8 level. Analysts are therefore closely monitoring two key factors that could influence its future trajectory. First, the possibility of Upbit Traders selling off the cryptocurrency during the week could cause the value of ZRX to decline, potentially dropping to $0.6. Conversely, if Bitcoin maintains its position above $70,000, ZRX could see further gains, potentially reaching a market capitalization of $1.2 billion by the end of March.
5. Ituk Tuk (TUK)
Ituktuk Introducing AI-based sustainable transportation solutions to transform transportation in developing countries and around the world. eTukTuk is building a futuristic charging infrastructure using blockchain technology. The ultimate goal is to solve environmental problems associated with traditional tuk-tuks, which are notorious for their high levels of pollution.
1/ Every year, more than one million lives are affected by short-term exposure to ultrafine particulate matter (PM2.5) in air pollution.
A recent study has revealed an overlooked “spike” in pollution affecting small urban areas.
Let’s take a closer look at the results 🧵 pic.twitter.com/K6qf60CSo7
— eTukTuk (@eTukTukio) March 6, 2024
Importantly, this project white paper highlights the important impact of internal combustion engines (ICE). This includes tuk-tuks and other two- and three-wheelers in developing countries, focusing on the need for sustainable alternatives.
Furthermore, Ituktuk Token pre-sale gained momentum, with funds raised exceeding $1.95 million. Currently worth $0.028 per $TUK token, this price is expected to rise in the upcoming pre-sale phase. TUK token price is likely to surge as the pre-sale moves into its next phase in just 6 days. This provides investors with the opportunity to leverage current token value before the token value increases in the subsequent pre-sale phase.
Visit eTukuk Presale
6. Moonbeam (GLMR)
Moonbeam is in the green zone. The price is currently at $0.585544, showing an intraday rise of 11.46%. Over the past year, prices have risen 68%, showing a steady upward trend. The price of GLMR consistently trades above its 200-day simple moving average, indicating a strong upward trend.
Additionally, 19 of the last 30 days have been positive, accounting for 63% of recent trading activity. GLMR is attracting attention from investors due to its high liquidity relative to its market capitalization. Over the past year, 256.12 million GLMRs were generated due to an annual supply inflation rate of 43.75%.
🌱 Regenerative Finance (ReFi) is a concept that combines DeFi with environmental regeneration and green sustainability, coming soon to Moonbeam!
Read this blog to learn more about ReFi and ReFi Hub, the Web3 platform for a sustainable future ⤵️https://t.co/apK5ziNECH
— Moonbeam Network (@MoonbeamNetwork) March 11, 2024
After an accumulation period of 381 days, the price of GLMR has surpassed its previous high and signals a strong upward trend. This is supported by a break in the bullish trend line, indicating positive market sentiment with the Fear and Greed Index at 82, indicating extreme greed.
7. STORJ
Storj is slowly gaining traction as a digital asset in the current market. Optimism prevailed in the Storj price prediction, with the extreme greed index coming in at 82 on the fear and greed index. Investors are paying attention to these deflationary cryptocurrencies.
Storj also demonstrated strong performance metrics. It boasts a negative inflation rate of -0.21% per year and an impressive price surge of 188% over the past year. Additionally, it outperformed 59% of the top 100 coins, an impressive ranking. Storj is trading above its 200-day simple moving average and has had 19 green days in the last 30 days.
Storj will revolutionize cloud object storage in 2024 https://t.co/NpwnaqAd5s
— Storage (@storj) March 7, 2024
With a solid foundation and strong community support, Storj has the potential to achieve significant growth in the coming years. Analysts predict that STORJ could surpass $1.21 by 2024 if the Storj project announces collaborations with other networks.
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