Bitcoin

Dec 6 8 Cheapest Cryptocurrencies You Can Buy Right Now for Less Than $1

adminDecember 6, 2023

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The total trading volume of the cryptocurrency market in the last 24 hours was $94.06 billion, registering a significant increase of 45.67%. that much Decentralized Finance The (DeFi) sector contributed $9.58 billion within this volume, representing 10.19% of the overall market 24-hour volume.

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

Bitcoin, the leading cryptocurrency, currently maintains 53.75% dominance and rose 0.49% for the day. This indicator shows Bitcoin’s relative strength and influence within the broader cryptocurrency landscape. These indicators, including market capitalization, trading volume, and dominance, provide insight into the ongoing dynamics and trends within the cryptocurrency space.

1. Dogecoin (DOGE)

In recent weeks, Dogecoin (DOGE) has shown notable momentum within the broader cryptocurrency market. Since late November, the coin has seen a significant bounce, rising from a support level of $0.07 to a high of $0.106.

DOGE price chart DOGE price chart

This rise increased the DOGE strike price by 48.8%. This surge is notable because it is an early sign of a change in trend as Dogecoin breaks out of a year-long accumulation phase.

As the market aims for a recovery, Dogecoin broke noticeably from the resistance trendline of the symmetrical triangle pattern on December 2nd. This pattern, characterized by price movement between two converging trend lines, often suggests an upcoming change in trend direction.

Moreover, this breakout caused the price to surge to a seven-month high of $0.105. This coincided with Dogecoin’s 10th anniversary and it experienced a further surge of 13%, challenging overhead resistance.

2. eCash (XEC)

Over the past year, the price of eCash (XEC) has seen a notable rise of 20%. It is also currently trading above its 200-day simple moving average, indicating a continued positive trend. In the last 30 days, the coin has experienced 15 green days, which corresponds to 50% of the observation period.

XEC price chartXEC price chart

This coin boasts high liquidity, as evidenced by its market capitalization. It currently ranks 44th in the layer 1 sector based on market capitalization. Moreover, the annual inflation rate reaches 1.75%.

Moreover, market sentiment towards eCash (XEC) is currently bullish. At the same time, the Fear and Greed Index shows a value of 72, reflecting the greed in market sentiment. The circulating supply of eCash is 19.57 trillion XEC out of a maximum supply of 21 trillion XEC. Last year, 335.75 billion XEC were created, in line with the annual supply inflation rate of 1.75%.

3. Mantle (MNT)

The launch of the Mantle LSP led to a rapid accumulation of value across mETH tokens within 24 hours. The coin has a Total Value Locked (TVL) approaching $100 million. This growth has coincided with several new protocols offering native returns, such as Pacman’s Blast, designed for ETH and stablecoins.

MNT price chart MNT price chart

Market sentiment appears to be bullish on Mantle, with the Fear and Greed Index hitting 72 (Greed), reflecting overall positive market sentiment. Mantle has a circulating supply of 3.13 billion MNT out of a maximum supply of 6.22 billion MNT.

In particular, it ranks 11th in the Ethereum (ERC20) token category. It ranks 3rd in the Layer 2 segment by market capitalization. Highlights for MNT include a large number of green days over the past 30 days (57%). Moreover, it maintains high liquidity relative to its market capitalization and is trading near all-time highs.

4. Cardano (ADA)

ADA, Cardano’s native cryptocurrency, has recently experienced a significant surge. This surge increased ADA’s market capitalization by $1 billion in just 24 hours. Its current market capitalization is around $15.42 billion, according to CoinMarketCap rankings. Therefore, it has secured its status as the 8th largest cryptocurrency globally.

ADA price chartADA price chart

The surge in ADA’s market capitalization can be attributed to a notable increase in its price. As a result, the token increased by more than 5% from the daily low to a high of $0.434. As a result, ADA’s trading volume surged more than 100%, reaching $750 million, a significant increase.

Sentiment on Cardano’s price prediction currently tilts toward a bullish trend. Additionally, the Fear & Greed Index is 72, indicating a ‘greed’ sentiment in the market.

5. Graph (GRT)

The Graph (GRT) has seen notable price movements over the past year, with its price rising a significant 149%. This surge has positioned it well, outperforming 82% of the top 100 cryptocurrency assets during this period.

GRT price chartGRT price chart

It is also worth noting that the current trading price is above the 200-day simple moving average, indicating a positive trend. Over the past 30 days, The Graph has recorded 15 green days. This covers 50% of the observation period and reflects balanced performance.

Analyzing market sentiment, The Graph’s current outlook appears optimistic. This sentiment is complemented by the Fear & Greed Index of 72, indicating moderate investor greed.

6. Ivy (HBAR)

Hedera Hashgraph, with a current price of $0.067965 and a market capitalization of $1.01 billion, saw its price rise by a significant 40% last year. This surge puts it well ahead of 58% of the top 100 cryptocurrency assets in the same period.

HBAR price chartHBAR price chart

Technically, it is trading above the 200-day simple moving average, indicating a positive trend. In the last 30 days, there have been 15 green days, representing a positive trading trend of 50%. This, combined with high liquidity based on market capitalization, emphasizes stability within the cryptocurrency market.

The coin’s recent performance has been promising, with an increase of 4.63% in the last 24 hours. Additionally, out of Hedera’s maximum supply of 50.00B HBAR, the circulating supply is 14.83B HBAR. Its market capitalization ranks 12th among proof-of-stake coins and 31st among layer 1 coins.

7. Chiliz (CHZ)

Chiliz, a popular NFT token, is showing some key indicators in its recent trading patterns. Trading above the 200-day simple moving average signals continued momentum, reflecting positive market sentiment.

CHZ price chartCHZ price chart

There have been 17 gains in the past 30 days, accounting for approximately 57% of the period. Therefore, it indicates a relatively consistent upward trend. Moreover, the current value is close to the cycle high and is showing strength.

Current sentiment regarding price predictions leans towards bullish. This is consistent with the Fear and Greed Index of 72, indicating that there is some greed in market sentiment. Of Chiliz’s maximum supply of 88.9 billion CHZ, the circulating supply is 76.6 billion CHZ. Notably, this token has experienced an annual supply inflation rate of 24.74%, generating 1.52 billion CHZ over the past year.

8. Bitcoin Minetrix (BTCMTX)

Bitcoin Minetrix We are introducing a new system where users can earn cloud mining credits by staking BTCMTX tokens. This aims to decentralize control and ensure a safe mining environment for token holders. The project has attracted considerable attention, with over 400,000 BTCMTX tokens currently staked.

Bitcoin Minetrix reportedly promises an Annual Percentage Yield (APY) of 103,225%. This incredibly high APY has attracted many participants to staking pools and placed them in the cryptocurrency environment. The ongoing BTCMTX pre-sale demonstrates the undeniable success of the project. By selling tokens at a price of $0.011 per token, they accumulated over $4,496,314.

During the pre-sale phase, 70% of the total token supply (2.8 billion out of 4 billion BTCMTX) can be purchased using ETH or USDT. This step was critical in generating interest from potential investors.

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adminDecember 6, 2023

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