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

adminJanuary 7, 2024

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If you want to enter the cryptocurrency market with minimal investment, finding cheap tokens worth less than 1 cent can be exhausting. When exploring digital currencies, finding the cheapest cryptocurrency assets with potential can feel like discovering buried treasure.

However, Insidebitcoins picks out some of the most promising cryptocurrencies available with an entry point of less than 1 cent. Therefore, they aim to offer investors a blend of affordability and growth potential in the ever-evolving realm of digital finance.

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

Arbitrum’s value soared. Decentralized Exchange (DEX) Trading volume last week. This increase attracted considerable attention in the cryptocurrency space. According to recent data, Arbitrum has surpassed Ethereum, handling a notable 24-hour trading volume of $1.83 billion, making it the leading platform for daily DEX trading volume.

Additionally, the project achieved a significant increase in its Total Value Locked (TVL) metric, exceeding $2.5 billion for the first time. This performance significantly surpassed the TVL of Layer-1 network Solana.

1. ELF

ETransfer, a specialized DApp running on the aelf blockchain, was recently launched to streamline USDT transfers to and from the aelf network. Simplifies trading on 9 major blockchains, including Aelf, Ethereum, Tron, and Binance Smart Chain. Other blockchains include Arbitrum, Solana, Polygon, Optimism, and Avalanche C-Chain.

ELF price chart

In particular, ETransfer focuses on user convenience and only requires your Elf wallet address to log in, ensuring a hassle-free experience. Aelf’s price forecast sentiment remains Neutral, with the Fear and Greed Index recorded at 70 (Greed). The maximum supply of tokens is 714.32 million ELF out of 1 billion ELF.

🔥ETransfer has emerged as a specialized DApp on the aelf blockchain, specifically designed to simplify USDT transfers to and from the aelf network. Currently, ETransfer is expanding support to 9 major blockchains, including aelf. @Ethereum, @Trondao, @BNBChain, @arbitrum,… pic.twitter.com/akeKdj5w4c
— ælf (@aelfblockchain) January 5, 2024

In addition, the annual supply price increase rate was 36.81%, creating 192.18 million ELF over the past year. In the Ethereum (ERC20) token sector, AELF ranks 41st by market capitalization.

Elf also recorded a price surge of 234% last year, surpassing 84% of the top 100 cryptocurrency assets. In addition, it shows high liquidity based on market capitalization and is consistently above the 200-day simple moving average.

2. Sui (SUI)

Sui Network has seen a significant surge in Total Value Locked (TVL) within the DeFi sector. The value of the token has surged from less than $100 million to $217.32 million in a short period of time, especially since early November. This rise signals strong growth within the ecosystem and indicates a platform that is attracting major projects and thriving.

SUI price chart

A potential upward trend for Sui (SUI) is expected in 2024. Forecasts indicate a yearly low of approximately $0.794286 and a yearly high of $1.393010. This figure suggests that the value of Sui has increased significantly, making it an interesting trajectory to monitor.

Sui’s outlook looks promising, based on solid performance metrics and an expanding presence in the DeFi landscape. Likewise, the platform’s design and significant financial backing make it well suited to solidifying its position in the rapidly evolving world of DeFi.

3. SPONGE V2 ($SPONGE V2)

Sponge V2 We have achieved significant growth since our founding. The token’s value started at $1 million and peaked in 2023 with a market capitalization of over $100 million. The token is currently valued at $16 million, attracting a community of over 11,500 holders.

pile $sponge The staked amount receives the same amount. #SpongeV2! Plus, staking rewards!🧽☀
V2 tokens can be viewed in the Stake V2 dashboard and can be claimed when SPONGE V2 is released! 🚀#stress #AltSeason #memecoin pic.twitter.com/iykmHiMwid
— $SPONGE (@spongeoneth) January 5, 2024

A notable feature of Sponge V2 is the introduction of the Stake-to-Bridge model. This model is designed to allow $SPONGE holders to easily transition to V2. This model incentivizes and retains existing holders through a staking mechanism.

Additionally, the project’s roadmap outlines plans for listing on major exchanges and has garnered support from a community of approximately 30,000 members. These developments $Sponge V2 A project with potential for growth, taking the leap to become one of today’s top cryptocurrency bulls. It has also piqued the interest of investors looking for opportunities in the cryptocurrency market.

4. NEXO

Nexo’s market sentiment is neutral, consistent with its Fear and Greed Index rating of 70, indicating greed conditions. The token reached an all-time high of $4.07 on May 12, 2021. Conversely, the lowest recorded value dates back to September 12, 2018 at $0.043119. Nexo then hit a post-cycle low of $0.516172 and reached a post-cycle high of $0.945550.

Nexo price chart

Currently, Nexo has 560 million tokens in circulation out of a maximum supply of 1 billion. This number ranks it 28th among Ethereum (ERC20) tokens by market capitalization.

If you have one thing #Cryptocurrency We keep up with the latest Nexo card news and updates to suit your lifestyle needs. 👌
Get up to speed on our pioneering products with our December AMA recap: https://t.co/NCfhxVYOg3
— Nexo (@Nexo) December 28, 2023

Moreover, the token has recorded a 28% price surge over the past year, trading above its 200-day simple moving average. Additionally, it is showing positive performance compared to the initial token sale. In particular, 18 of the last 30 days have seen positive trading, accounting for 60% of the observed period. Nexo is currently nearing its peak cycle in terms of trading.

5. Mantle (MNT)

Mantle (MNT) has recently garnered attention for its trading prowess. The token has established itself as a leading layer 2 (L2) protocol with 25.47 transactions per second (TPS). This achievement highlights Mantle’s ability to effectively manage a significant volume of transactions. In a short period of time, the value of the Mantle coin surged from $0.59 to $0.65 between December 23rd and December 30th.

Analyzing the technical aspect, Mantle is showing a bullish trend according to several indicators. The Fear and Greed Index ranks at 68 (Greed), indicating widespread positive sentiment. Additionally, 19 technical indicators indicate positive movements for this altcoin, reinforcing the bullish sentiment among market analysts.

MNT price chart

Considering these metrics, market analysts expect Mantle’s value to potentially rise, reaching $0.66 by January 2024. However, these predictions are based on observed technical indicators and market sentiment surrounding the altcoin.

6. Bitcoin Minetrix (BTCMTX)

Bitcoin Minetrix We introduce a unique concept where users can stake BTCMTX tokens for cloud mining credits. It therefore aims to decentralize control and ensure a safe mining environment for token holders.

Additionally, the platform’s staking pool attracted significant interest, boasting an impressive stake of over 400,000 BTCMTX tokens. This cumulative advertised annual percentage return (APY) was 103,225%, indicating significant interest from participants.

During its initial pre-sale phase, Bitcoin Minetrix demonstrated significant market traction. Pre-sale currently underway BTCMTX We successfully raised over $7,666,255 and sold tokens for $0.0125 each. This corresponds to 70% (2.8 billion BTCMTX) of the total token supply of 4 billion. Potential investors can acquire these tokens using ETH or USDT.

Exciting update! 📢#Bitcoin Metrics We are proud to announce another important milestone: exceeding $7,500,000 raised! 🪙 pic.twitter.com/r4LHnlqd4T
— Bitcoin Minetrix (@bitcoinminetrix) January 5, 2024

Specifically, the project’s strategy includes providing users with the opportunity to stake tokens for cloud mining credits. It therefore aims to promote decentralization and security within the mining domain. Additionally, the size of the current staking pool and the APY offered reflect the notable level of interest and engagement within the platform.

Visit Bitcoin Minetrix Presale