Bitcoin

Dec 25 6 Cheapest Cryptocurrencies You Can Buy Right Now for Less Than $1

adminDecember 26, 2023

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Want to explore the cryptocurrency market to find cheap tokens with growth potential? Discover promising options under $1 that are gearing up for a rally. In this article, we pick out some cheap yet potentially valuable cryptocurrencies. So, here’s a peek at the best deals worth less than a dollar. For investors looking for promising opportunities, these cheap cryptocurrency choices could pave the way for an exciting journey into the cryptocurrency market.

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

Heading into 2024, the top 20 features several cryptocurrencies. market capitalization It’s still trading below $1. Some of these tokens are worth considering based on their future growth potential and competitiveness. These coins include Polygon, XRP, and Cardano. Moreover, these coins are highlighted below their value recognition.

1. BEAM

Beam, Immutable, and Polygon Labs recently formed a partnership that will result in a significant shift in the trajectory of blockchain technology within the gaming industry. Beam’s strategic move toward a chain-agnostic approach represents an evolution. This is a step forward from an initial focus on the Avalanche subnet to a broader multi-chain strategy that now includes Immutable zkEVM.

beam price chartbeam price chart

This collaboration establishes Beam’s marketplace, Sphere, as a pivotal component within the Immutable and Polygon ecosystems. Sphere’s integration will be a starting point for fostering deeper collaboration between these ecosystems.

Additionally, this partnership aims to jointly develop the gaming industry by leveraging blockchain technology. The parties involved seek to revolutionize the gaming experience by building a collaborative framework. Additionally, we aim to solidify its role as a foundation for blockchain in the next game development phase.

2. SIX

Sei’s week saw significant market action. In just one week, the value of the token soared from $0.23 to $0.39. This is an incredible 69% increase from the previous week. Despite the local high at $0.4, technical indicators showed a bull flag forming on the daily and 4-hour charts. So there’s a potential positive impact on value, reaching single-digit territory once it breaks the $0.4 price barrier.

6 price charts6 price charts

Sei also boasts a circulating supply of 2.3 billion tokens, for a maximum supply of 10 billion. Despite falling 3% from its recent all-time high of $0.41, Sei remains well up 320% from its all-time low of $0.095.

Notably, over the weekend, Sei’s network set a milestone, surpassing 1 billion transactions. Over the past week, the project has expanded its scope by announcing important integrations. We have also signed partnerships with organizations such as Kryptonite, KudasaiJP, Gecko Terminal, and Network3.

3. The Sandbox (SAND)

The sandbox price trajectory has changed since mid-October of this year. Over the past two months, its value has surged 114%, from $0.27 to $0.58. It is currently in the process of forming an upward channel and is likely to reach $1 by the end of February next year.

sand price chartsand price chart

From your current position within this channel, there is potential for additional profits. Additionally, The Sandbox currently ranks 64th with a market capitalization of $1.23 billion. Circulating supply is 2.12 billion tokens out of a maximum supply of 3 billion.

However, it’s important to note that The Sandbox’s value has fluctuated. It has plummeted 93% since reaching an all-time high of $8.4 two years ago. Despite this decline, it has made an impressive recovery, rising 1,907% from its current record low of $0.0289.

4. Decentraland (MANA)

Decentraland has seen a 71% price surge over the past year, surpassing its initial token sale value. MANA was trading above its 200-day simple moving average, demonstrating market consistency. Additionally, the coin has recorded 19 positive days out of the last 30 days, giving it a positive performance rate of 63%.

mana price chartmana price chart

The price of MANA rose 7.48% intraday to $0.560724. Therefore, this has led to bullish sentiment dominating Decentraland’s price predictions. This is shown with a Fear and Greed Index of 73 (Greed).

Decentraland demonstrates strong liquidity, with a market capitalization and trading volume of $1.06 billion and $378.95 million, respectively. Regarding supply indicators, 18.9 billion MANA out of the maximum supply of 2.19 billion MANA are currently in circulation. The annual supply inflation rate was 2.05%, creating 38.01 million MANA last year.

5. Bitcoin Minetrix (BTCMTX)

Bitcoin Minetrix, an emerging cloud mining platform, presents an innovative approach by incorporating tokenization to solve prevalent problems within third-party cloud mining solutions. The main goal is to create a safe and transparent environment where individuals can participate in Bitcoin mining in a decentralized manner.

Additionally, the project has garnered notable attention, evidenced by the significant stake of over 400,000 BTCMTX tokens already pledged. Moreover, the reported Annual Percentage Yield (APY) is very high at 103,225%. However, adjustments are expected to occur as more tokens are staked within the platform.

Regarding token allocation, Bitcoin Minetrix has allocated 42.5% of BTCMTX tokens to fund mining operations. This highlights the necessary infrastructure development. Another significant portion, 35%, is dedicated to marketing and fostering the growth of BTCMTX.

Additionally, 15% is allocated to encourage active community participation. Meanwhile, 7.5% is reserved for BTCMTX staking rewards until the cloud mining platform comes to fruition.

The project raised more than $6,024,356 through offerings in the pre-sale phase. BTCMTX It costs $0.011 per token. At this stage, 70% of the total token supply (2.8 billion BTCMTX) is now available for investment using Ethereum (ETH) or Tether (USDT). A minimum investment of $10 is required.

6. FLOW

Flow, an NFT token, has experienced notable price movements since its last cycle low, reaching a high of $1.011050. Market sentiment is leaning towards the bullish, as evidenced by a greed rating of 73 on the Fear & Greed Index. With a circulating supply of 1.48 billion out of a maximum supply of 1.37 billion FLOW tokens, the platform faces an inflation rate of 42.65%.

flow price chartflow price chart

Regarding market performance, Flow ranks 1st in the NFT token category and 30th in the layer 1 category. Notably, this token has shown a 34% price increase over the past year and is consistently trading above its 200-day simple moving average. It also maintained a positive trajectory compared to the initial token sale price.

Analysis of recent trading patterns shows that Flow has recorded 18 green days in the last 30 days. This accounts for 60% of the period and represents positive emotions. Moreover, it is currently hovering near cycle highs, suggesting a strong trading position. In particular, liquidity is solid, reflecting the market capitalization ranking.

Learn more

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adminDecember 26, 2023

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