December 20 5 Cheapest Cryptocurrencies to Buy for Less Than $1 – Movement, Toncoin, Convex Finance

Altcoin investors are optimistic about the upcoming altcoin season. Many expect capital flows and potential regulatory improvements in the Bitcoin ecosystem to lead to an altcoin rally in 2025.

However, the cryptocurrency market has faced a bearish trend over the past 24 hours due to Federal Reserve Chairman Jerome Powell’s hawkish comments following the recent FOMC meeting. Nonetheless, cryptocurrency enthusiasts expect the market to withstand the negative impact of this news and recover as it prepares for a potential bull market. In light of this positive outlook, investors are looking for cheap tokens, especially tokens. The cheapest cryptocurrencies you can buy for less than $1 right now.

5 Cheapest Cryptocurrencies You Can Buy for Less Than $1

MOVE, the native token of the Ethereum-based layer 2 blockchain, has recently seen a notable price surge, outperforming the broader market trend. Toncoin (TON), currently ranked 13th in market capitalization, has shown fluctuating performance over the past year.

Convex Finance (CVX), ranked 169th by market capitalization, has recently made great strides with new developments. A new ICO, Flockerz ($FLOCK), is gaining significant attention in the cryptocurrency market. meantime, Bitcoin It fell below $100,000 following signals from the Federal Reserve that interest rate cuts will be tapered in 2025.

1. MOVE

MOVE, the native token of the Ethereum-based layer-2 blockchain, has recently experienced rapid price growth, outperforming broader market trends. On December 20, MOVE reached an intraday high of $0.877, with a market capitalization of nearly $2 billion. The price rise was supported by a 63% increase in daily trading volume, exceeding $1.6 billion. Open interest on the MOVE futures market also doubled in one day from $56.03 million to $103.93 million, reflecting strong interest from traders.

MOVE’s price surge appears to stem from its recent partnership with BitGo, a popular digital asset storage platform. This collaboration will strengthen DeFi (decentralized finance) services by integrating Wrapped Bitcoin (WBTC) into the Movement mainnet. Through its support of WBTC, Movement aims to expand asset utilization, increase liquidity options, and strengthen its appeal within the DeFi ecosystem.

Another catalyst for MOVE’s growth is its recent mainnet launch. Powered by the MoveVM architecture, Movement’s native token debuted with a significant $830 million airdrop targeting early adopters and community members. This strategic approach helped drive initial interest and adoption. Visibility and trading activity were further amplified by the token’s listing on major exchanges including Binance, Coinbase, OKX, and Upbit.

2. Toncoin (TON)

Toncoin (TON), currently ranked 13th in market capitalization, has experienced a variety of activities over the past year. The market capitalization is approximately $13.16 billion, and the circulating supply is 2.55 billion tokens. Despite the price dropping 7.57% to $5.04 in the last 24 hours, trading volume increased slightly by 1.82% to $568.34 million, attracting continued interest from market participants.

Fordefi’s integration with blockchain introduces enhanced security features for institutional participation in decentralized finance (DeFi). These developments could bolster adoption among institutional players looking to safely participate in the DeFi space. At the same time, Toncoin has seen an 80% increase in large transactions, reaching 1.68 billion TON of whale activity, even amid widespread cryptocurrency market downturns and liquidations.

Another major development for Toncoin is the planned launch of the TON Space managed wallet. The plan aims to attract 30% of Telegram’s user base to the Toncoin ecosystem by 2028, which will significantly expand Toncoin’s user engagement and usability.

Toncoin has seen a notable increase in total supply and strong institutional interest, but its price volatility reflects broader market challenges. Consolidation efforts and increasing whale trading suggest increased trust and activity, but the long-term success of this initiative will depend on continued adoption and stability of the broader cryptocurrency market.

3. Convex finance (CVX)

Convex Finance (CVX), ranked 169th in market capitalization, has recently been showing notable development. The market capitalization is approximately $380.9 million and the total supply is close to 99.81 million. The token is trading at $3.93 and shows a respectable monthly increase of 62.95%. The price is trading 29.4% above the 200-day simple moving average (SMA) of $3.05, suggesting a strong upward trend.

CVX has shown consistent performance, staying in the green 15 of the last 30 days. The daily trading volume reached $60.93 million, resulting in a market cap-to-market ratio of 16.07%, which appears to be solid liquidity considering the high market capitalization. Convex Finance maintains a significant total value locked (TVL) of $1.19 billion, giving it a market cap-to-TVL ratio of 0.3146, highlighting its strong DeFi position.

Going forward, CVX’s price forecasts point to further growth. Analysts forecast a trading range of $3.84-5.71 by December 2024, a potential average price of $4.94, and an expected return on investment (ROI) of 45.23%. CVX’s trading range in 2025 could extend to $6.22 – $18.18, with an average annual price forecast of $10.44. The biggest price surge is expected in January 2025, with a rise of 362.3%.

4. Stratis (New) (STRAX)

Stratis (STRAX) has experienced significant price gains, recording notable activity in the cryptocurrency market. Over the past day, STRAX’s value has risen to $0.07145, reflecting a daily gain of 14.86%. This increase was driven by a surge in trading volume, up 1497.58% to $360.73 million. This activity signals heightened market interest, potentially due to fundamental developments or broader market movements.

Stratis’ current market capitalization is $143.37 million, reflecting the fully diluted value (FDV) of its assets. This equivalence indicates that the total supply of STRAX is fixed at 2 billion and no additional coins are expected to be issued. This limited supply may have an impact on investor sentiment, especially those seeking long-term value stability.

What is interesting is that the ratio of trading volume to market capitalization is unusually high at 239.95%. This indicator suggests significant trading activity relative to the market value of the asset. These ratios often indicate increased liquidity, but may also suggest speculative trading or short-term volatility.

off-chain $immediately The token swap period is open until December 29, 2024. To participate, use our address ownership tool: https://t.co/z8JB9rk9N7

— Stratis Platform (@stratisplatform) December 19, 2024

Chart data further highlights STRAX’s upward momentum, with a sharp rise observed in the early hours of December 20th. This growth phase followed relatively stable price movements characterized by mild fluctuations. This trend indicates renewed investor interest after the stagnation phase.

5. Flockers ($FLOCK)

Flockerz ($FLOCK) is a new ICO that has received great attention in the cryptocurrency market. The project is gaining momentum, with more than $7 million raised during the pre-sale period. Flockerz differentiates itself by introducing a vote-revenue system that allows token holders to influence the direction of the project. This system allows community members to control token burns, airdrops, and marketing strategies. Additionally, token holders will receive $STARS tokens as a reward for their governance participation, which can further increase the value of their holdings.

Pre-sales grew impressively, raising $7.3 million in just a few months. The project has attracted the attention of notable cryptocurrency influencers. YouTuber Clay Bro, for example, highlighted the potential for significant profits. At the same time, Clinix Crypto provided an in-depth analysis of Flockerz, highlighting its unique features. This approval suggests the project could attract more attention once it gets off the ground.

💙There are 3 things that pups like💙

1. Community
2. Voting
3. Make money 📈📈 pic.twitter.com/76GRTfvrep

— Flockerz (@FlockerzToken) December 18, 2024

The pre-sale process is simple, allowing investors to purchase tokens with ETH, BNB, or credit cards. The current price of $0.0064781 per token is attractive, but is expected to rise as demand increases. Flockerz It has also passed audits by SolidProof and Coinsult to ensure security and authenticity.

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