May 29 5 Cheapest Cryptocurrencies You Can Buy Right Now for Less Than 1 Cent – Gala, Pepe, Nervos Network, eCash

adminMay 30, 2024

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Cryptocurrency markets experienced significant volatility in May due to sentiment surrounding the Bitcoin halving event and the approval of the Ethereum ETF. price of BTC I have been inconsistent for over a month. As a result, investors may want to wait for a clearer signal indicating the confidence of buyers to drive the post-halving rally.

As the 2024 bull market begins, investors are searching the market for the cheapest cryptocurrency deals under 1 cent. Several cryptocurrencies stood out from the crowd of choices with significant upside expected. Today’s analysis highlights five cryptocurrencies worth less than a cent that analysts believe could deliver significant returns.

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

Gala allows developers to create custom tokens, smart contracts, and node networks. The project facilitates linking assets to other blockchains such as Ethereum and Binance Smart Chain. Meanwhile, Cash has experienced a surge of over 7% in the last 24 hours.

In this article, we’ll take a look at the factors that can affect Gala’s price, from market trends to investor sentiment. We will also look at other low-cost altcoins such as Cash, Nervos Network, and Pepe. After this analysis, you will have a clearer understanding of the outlook for 2024.

1. Ecash (XEC)

eCash is a rebranded version of Bitcoin Cash ABC. It is a fusion of Bitcoin and Bitcoin Cash. The token, unlike its predecessors, is promoted as a practical “cryptocurrency for everyday transactions.”

The transition brings notable changes, including the adoption of “bits” as the basic unit to simplify transactions. The protocol integrates a proof-of-stake consensus layer known as “Avalanche”. This protocol aims to improve scalability and transaction finality.

XEC also supports Ethereum Virtual Machine (EVM) compatibility. It also promotes interoperability with Ethereum’s DeFi sector. The protocol’s infrastructure is designed as a public good and is funded through social contracts.

eCash price chart

The ambitious roadmap outlines plans for standard transaction ordering, Schnorr signatures, and faster block propagation. It also includes UTXO commitments and adaptive block sizes to accommodate market-driven growth.

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📣 Bitcoin ABC 0.29.5 has been released! 🚀
This release includes minor improvements.$CHECK #justbuild🛠 https://t.co/ZYZlzQXpgD
— eCash (@eCashOfficial) May 28, 2024

At the current price $0.00004741, XEC has experienced a surge of 7.81% in the last 24 hours. The token has also recorded an incredible 74% increase over the past year. The 14-day RSI is 28.36, indicating oversold conditions.

Moreover, it is trading 53.25% above its 200-day SMA. Even though 33% of the last 30 days were positive, the 30-day volatility remains at 7%. With its medium liquidity, eCash presents an exciting opportunity for investors looking to capitalize on potential growth.

2. GALA

Gala allows developers to create custom tokens, smart contracts, and node networks. The project facilitates linking assets to other blockchains such as Ethereum and Binance Smart Chain. The Gala ecosystem relies on a network of independent nodes to encourage community participation.

The Web3 ecosystem is powered by GalaChain, a layer 1 blockchain. It was initially tailored to Gala’s entertainment ecosystem, including Gala Games, Gala Music and Gala Film. It aims to empower users around the world and aims to become the first billion-user blockchain. Innovators can leverage GalaChain’s SDK and Creator Portal to extend Web3 benefits to their communities.

gala price chart

Gala’s security is approved by CertiK, making it the most secure altcoin in the world. Gala leverages the Gnosis multi-signature vault to ensure collective oversight and operational security. We work with respected organizations to maintain governance and compliance standards.

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— Snoop Dogg (@SnoopDogg) May 28, 2024

The current price is $0.04485, with Gala surging 2.83% month-on-month and up 47% over the past year. It is showing strong growth, trading 90.59% well above its 200-day SMA of $0.024292.

The 14-day RSI of 34.39 indicates a neutral stance. The strong performance is evidenced by bullish sentiment and 15 green days representing a 50% positive rating over the past 30 days. Gala demonstrates stability with a 30-day volatility of 6% and demonstrates strong liquidity.

3. Pepper (PEPE)

Recent trends in the altcoin market have investors shifting their focus from Bitcoin to meme coins like Pepe. The token’s success can also be attributed to adoption and liquidity. It has over 223,000 holders and facilitates approximately 2 million transfers.

Pepe’s price has recently surged, reaching $0.00001525. The increase has sparked optimism among investors anticipating further growth. The token aims to achieve a market capitalization of $6 billion, which seems more achievable considering its recent performance.

pepe price chart

Moreover, news of positive regulatory developments, particularly the approval of a spot Ether ETF, has fueled optimism among investors. Approval will make it easier for institutional investors to access Ethereum investment opportunities and indirectly benefit tokens like Pepe.

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— Robinhood Crypto EU (@RobinhoodCrypto) May 29, 2024

Pepe’s price surge during this week was 11.95%. The token is currently trading at $0.00001525, an increase of 117.83% compared to the previous month. The token also trades above its 50-day and 200-day SMA.

Pepe continues its upward trend and continues to attract more investors. This is expected when the token reaches all-time highs. This increased retail involvement further fuels interest and investment in the project.

4. 99 Bitcoin (99BTC)

99Bitcoin It continues to gain attention with its built-in staking protocol. It also offers a 1,101% annual return and is fully audited by SolidProof. As pre-sales continue, 99Bitcoins’ potential looks promising. Approval of a spot ETH ETF in the U.S. could lead to capital flowing into cryptocurrency markets, increasing demand for tokens like 99BTC.

Additionally, the project has raised more than $1.7 million through ongoing presales. Innovative “Learn-to-Earn” strategy aims to transform cryptocurrency education. Instead of passively absorbing content, users engage with the course. The course includes quizzes and interactive tutorials where you can earn 99BTC tokens, providing a financial incentive to learn.

Meanwhile, the gamified Learn-to-Earn feature is just the beginning for 99Bitcoins Token. Developers announced plans to migrate 99BTC from the ERC-20 chain to the BRC-20 chain. This strategic move aims to create a cross-chain bridge protocol for the project.

dot #Ethereum ETF U.S. Approved List #secretaryHowever, Spot closed out a leveraged position worth more than $380 million. $ETH ETF Movement – Selling pressure dampens market reaction.
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— 99Bitcoins (@99BitcoinsHQ) May 29, 2024

Moreover, these transitions can be placed in: 99Bitcoin With the disruptive power of cryptocurrencies. This will also ensure it will attract significant attention from Bitcoin maximizers. The project’s $99,999 BTC airdrop campaign also generated pre-sale excitement, with 99 early adopters getting to share in the prize pool.

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5. Neural network (CBK)

Common Knowledge Base drives the CBK ecosystem. The native token operates on Proof-of-Work (PoW) consensus. This allows developers to build DApps that work seamlessly across multiple blockchain systems. This strategy enhances scalability and security measures.

The open-source public blockchain project creates a peer-to-peer crypto-economic network where users can access secure blockchain services. It features a dual-layer architecture: a base layer (common knowledge base) for consensus and smart assets, and a computational layer for transactions.

Nervos Network Price Chart

CKB price is $0.01676, up 8.51% in the last 24 hours and surging 408% over the past year. It is trading 128.38% above its 200-day SMA of $0.007369. The market stance is neutral as indicated by the 14-day RSI of 48.15.

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Now you can save, send and receive $CKB using #ledger Nano X and Ledger Nano S wallets.😍
Learn more here 👉 https://t.co/mufZZBCd81 pic.twitter.com/NcVIRONo9C
— Nervos.bit (@NervosNetwork) March 23, 2022

There have been 11 green days in the last 30 days. The 30-day volatility is 7%, indicating relative stability. Nervos also has high liquidity, with a volume to market capitalization ratio of 0.1330.