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June 20 5 Cheapest Cryptocurrencies to Buy for Less Than $1 – Flow, Polygon, Hedera, Gala

adminJune 21, 2024

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Cryptocurrency markets experienced significant volatility in June 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.

Investors searching for the cheapest cryptocurrency deals under $1 are searching the market as the 2024 bull run begins. Several cryptocurrencies stood out from the crowd of choices with significant upside expected. Today’s analysis highlights five cryptocurrencies under $1 that analysts believe could deliver significant returns.

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

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, Flow has experienced a surge of over 8% in the last 24 hours.

This article also looks at factors that could affect Flow’s price, from market trends to investor sentiment. Let’s also look at other low-cost altcoins such as Hedera and Polygon. After this analysis, you will have a clearer understanding of the outlook for 2024.

1. FLOW

Flow is a proof-of-stake blockchain developed based on open metaverse and Web3. The project promotes consumer-scale DApp, DEFi, DAO, NFT, and PFP projects. This will help blockchain developers harden and expand the boundaries to create the next billion dollars for Web3.

Flow also enjoys the support of a team that has consistently delivered industry-leading consumer-scale projects. These projects include CryptoKitties, NFL ALL DAY, and NBA Top Shot. Flow’s open, decentralized protocol has attracted an ecosystem of creators including major brands, growth studios, venture-backed startups, and cryptocurrency influencers.

flow price chart

FLOW, the platform’s native coin, has numerous essential purposes within the ecosystem. Some of the utilities include staking, paying transaction fees, and participating in network governance. As the number of users and dApps on the platform increases, demand for Flow coins increases, affecting the price of FLOW.

Meanwhile, $FLOW is showing a clear upward trend, gliding above $0.5846, up more than 8%. Prices are showing stability amid an upward trend aimed at reversing the recent downward trend. Additionally, the prevailing trend remains bullish, meaning sellers are unable to respond to the prevailing buying activity, leading to continued appreciation in values.

24-hour chart analysis indicates a positive trend as the value has shown an upward trend today. Despite fluctuating between $0.4654 and $0.05844, the token flipped a significant support level of $0.5846 to relieve selling pressure. Buying pressure is increasing and $FLOW will soon test higher price levels.

In summary, Flow’s price analysis reflects the feeling that bulls will remain strong in the near term as selling pressure eases. The market remains strong and is likely to maintain its current upward trajectory. The value of the token is steadily rising today as short-term and long-term support for the coin grows. The market is recovering and this could play a significant role in increasing the value of FLOW.

2. Hedera (HBAR)

Hedera has begun a strategy of modularizing its services. This means breaking your service into simpler, more manageable parts. This makes development, scalability, updates, and troubleshooting easier. It also promotes smoother network operations, attracting more developers to Hedera looking for a user-friendly platform.

The team is also updating the network infrastructure to enhance reliability and robustness. These upgrades demonstrate Herdera’s strong commitment to maintaining a robust network, an important factor for companies considering using the platform.

Hedera price chart

Meanwhile, HBAR’s value rebounded from the critical support level of $0.072, showing intense buying interest from bulls. Despite the bears’ efforts to prevent a recovery at the 20-day EMA of $0.077, the bulls crushed this opposition.

Moreover, the token is gliding along the upward trend line, showing strong acceptance. This led to HBAR price trading at $0.08456, up more than 6% in the last 24 hours.

Moreover, the 20-day EMA began to stabilize and the RSI turned positive, reflecting the decline in bearish momentum. If the bulls hold the price above the 50-day SMA of $0.083 and break the descending trend line, the token may rise to $0.095.

However, the value of HBAR can be traded below the immediate EMA trendline at its 50-day SMA. This scenario means that the bears are taking advantage of a small uptick. This could lead the token to revisit the key support level at $0.072.

3. Polygon (Matic)

Cookie3.com announced this week that it has integrated an AI data layer into its protocol. With this development, the Polygon PoS project can now make data-driven decisions. Meanwhile, the team offers Polygon Builder a free trial for comprehensive user engagement and analytics.

Currently trading close to $0.60, MATIC’s price shows signs of a possible explosion in value. These forecasts were further strengthened by positive investor sentiment and favorable market indicators. One important price point to watch is the $0.6 support point.

polygon price chart

If Polygon overcomes this critical resistance point, it could surge into the $0.69-$0.77 range, delivering significant ROI for investors. A number of important indicators point to a potential upside for MATIC. RSI is in a bullish zone and above the overbought zone. This indicates that while cryptocurrency market sentiment remains negative, there may be more room for Polygon to increase its price.

Additionally, Polygon’s MVRV ratio of -15% over 30 days reassures investors that Matic will continue to post profits. This level of negative sentiment is typically perceived as a build-up phase, and historically occurs prior to a potential price increase. An MVRV between -10% and -20% usually represents a perfect buying hint and suggests investor interest in MATIC.

Additional price chart analysis for the Polygon token shows that the altcoin has seen a significant increase, reaching one of its highest points in 12 months. With prices currently trading around $0.5956, an important support point at $0.55 is key for the next step. A break below this support level could push Polygon below $0.50, making any recovery action more difficult and further testing bullish sentiment.

4. Mega DICE

mega dice, the established casino aims to transform GameFi. These tokens play an important role in Mega Dice’s gamification plans by rewarding current users and attracting new users. Surprisingly, Mega Dice plans to become a pioneer in crypto casinos and offer daily rewards based on platform performance.

Solana’s latest blockchain venture is gaining attention. Among them is Mega Dice (DICE), a gaming and gambling token that has been rapidly gaining popularity since pre-sales began. Mega Dice has raised over $1.5 million, indicating significant interest in this new concept.

Mega Dice pre-sales have been remarkably successful so far. The project has achieved significant funding milestones, demonstrating strong demand for its tokens. Due to its accessibility and limited availability, people are eager to acquire $DICE tokens.

Currently, the price of each $DICE token is $0.075. Those interested can connect their wallets and exchange SOL, ETH or BNB for $DICE tokens. Mega Dice has sold over 21 million $DICE to date.

Meanwhile, they allocated 15% to player airdrops, 15% to liquidity pools, and 15% to the casino’s $DICE pool. Another 10% will be used as rewards for token stakers and the remaining 10% will be allocated to marketing and other contracts.

mega dice Ensure pre-sales are included. After the pre-sale, they aim to list the $DICE token on a decentralized exchange (DEX) to potentially increase its popularity.

Visit MegaDice Presale

5. Polygon (MATIC)

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.

GalaChain, a layer 1 blockchain, drives the Web3 ecosystem. 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.

polygon price chart

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

With a current price of $0.02932, Gala has surged 5.83% month-on-month and has experienced a 47% rise over the past year. It is showing strong growth, trading 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.

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adminJune 21, 2024

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