May 11 5 Cheapest Cryptocurrencies You Can Buy Now for Less Than $1 – Ethena, Tron, Ankr, Pepe

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A little-known rule proposed by the U.S. Securities and Exchange Commission (SEC) yesterday is disliked by many financial companies, especially banks, and many are vehemently opposed. cryptocurrency industry It’s essentially being revived by President Joseph Biden.

Analysts predict that the bullish momentum will begin soon and will eventually extend to other tokens in the cryptocurrency market. Today, Ankr, Tron, Ethena, and Pepe Network are among the top gainers, demonstrating the widespread momentum driving digital assets forward. We analyze these coins to determine their profitability.

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

Ethena’s modest 3.3% surge in 24 hours indicates a clear change in the token’s trajectory. This analysis examines several factors responsible for the resurgence of altcoins, especially after an extended downtrend.

Meanwhile, after launch Sponge V2, the token continues to perform impressively and attract investor attention. The token has shown remarkable resilience, surging 85.68% since launch to reach its current price of $0.001732. This upward trajectory is especially significant considering the token’s recent withdrawal phase.

1. Athena (ENA)

Ethena is still gaining traction thanks to its synthetic dollar system. The upcoming weeks are very important for ENA as planned token unlocks could result in significant price movements. The token was trading at $0.8459, up 3.74% over the last 24 hours. Although price growth has been minimal, the token has shown resilience to overcome recent difficult circumstances.

Meanwhile, Ethena Labs recently formed partnerships with Binance, Bybit, OKX, and Bitget Wallets. Users can now store Ethena’s stablecoin USDe in this wallet. Ethena also offers a 20% bonus to customers who use this wallet to stake USDe.

Ethena price chart

Experts believe that this collaboration will simplify staking for ENA users and increase activity on the ENA network by attracting more stakers. However, since the announcement, ENA has fallen 36% due to market volatility due to tensions in the Middle East. Nonetheless, analysts predict that ENA could rise to $4.81 as more people stake USDe for generous rewards.

🔥 “The decision to integrate Ethena Labs’ synthetic dollar, USDe, as a collateral asset on Bybit is a game changer.” – Hao Yang, Head of Financial Products #bybit
Exciting developments await the USDe spot pair in the near future.
📚 Learn more: https://t.co/4nLVc7T7Xs pic.twitter.com/VGVmsh1VXL
— Bybit (@Bybit_Official) May 8, 2024

Additionally, over $46 million worth of ENA tokens will be available, representing 3.76% of the total supply. The news has sparked speculation and reminders of the past problems of cryptocurrency projects like Terra, leaving people wondering how the market will react.

2. Pepper (PEPE)

After surging in the meme token market, Pepe is in the process of evolving into one of the top meme coin contenders in the cryptocurrency world. Pepe has built a positive trajectory, showing tremendous potential following a stellar launch that saw explosive growth of 240% year-on-year.

Analysts are bullish on Pepe and have tagged it as the coolest altcoin chart. Investors also believe the token is poised to move to new all-time highs. Meanwhile, whales have shifted their focus to PEPE in a strategic move that could signal a potential price recovery. The move was seen as a calculated bet on the cryptocurrency’s upside potential. The investor spent $558,000 to acquire 70 billion PEPE.

pepe price chart

Market data also shows that Pepe has seen an increase in trading volume of over 40% in the last 48 hours, which is consistent with the rise in the token price over the same period. Despite trading 0.5% lower than the previous 24 hours, it is up 25% and 350% over the past 30 days and 1 year, respectively.

As one of the biggest memes on the planet, it’s no surprise that Pepe displays optimistic traits. With its unique features, this is an inexpensive token to add to your watchlist.

3. Sponge V2 (sponge)

Sponge V2 Built on the legacy of Sponge tokens. The V2 token was launched to strategically expand and build on the success of the Sponge meme coin. We are looking to supplement our initial supply of 40.4 billion tokens.

The token has shown remarkable resilience, surging 85.68% since launch. The token is trading at $0.001732, up 4% over the last 48 hours. This upward trajectory is especially significant considering the token’s recent downturn, which saw its price decline slightly.

The launch of V2 demonstrates the token’s commitment to developing new technologies. Innovative tokens bridge supply and provide new tokens to the pool. It also leverages V1’s strong community, making it the best meme coin on the market.

Any time now… 🧽 ☀ $sponge #SpongeV2 #pepe #bonk #viceroy #SHIB #WIF pic.twitter.com/dBnEvvHAQf
— $SPONGE (@spongeoneth) May 9, 2024

Sponge V2 SPONGE represents an expansion of the journey. This offers a unique approach to token supply and utility. Investors showed positive sentiment towards the introduction of the token, as seen in trading activity.

Visit SPONGE V2

4. Tron (TRX)

TRON has shown resilience amid recent market changes. Despite the fluctuations, TRON maintains its importance in the cryptocurrency market. The current value is $0.1264, up 0.58% today and up 3.5% over 7 days. TRON has shown positive performance, signaling growth potential. Moreover, TRON showed an upward trend for 17 days, equivalent to 57% of the total period.

The token also aims to decentralize internet infrastructure, allowing creators to freely share their content. TRON enables digital content creators to own, create, and store their data through blockchain technology. A greed index of 72 gives the token a negative outlook. However, TRON still maintains significant liquidity thanks to its market capitalization.

Tron price chart

Additionally, recent updates indicate significant engagement on the TRON platform. The token boasts a total transaction volume of over 7.5 billion. Additionally, TRON recorded over 226 million accounts, highlighting the growth in trading activity and user base.

🎉Daily average transmission volume #Stablecoin In ~ #Tron Network Achieved $12,327,727,918 (2024.05.03~2024.05.09)! #USDD #USDT #USDJ #TUSD #USDC pic.twitter.com/Ad9Ef4x79D
– TRONSCAN (@TRONSCAN_ORG) May 10, 2024

Going forward, Tron’s technical analysis shows a target price of $0.155, indicating a potential upward trend. The token’s potential for high returns, strong community support, and resilience make this an altcoin worth considering.

5. ANKR Network (ANKR)

Investors are closely monitoring ANKR’s steady upward trend. Investors are optimistic about Ankr as token trading surges. This wave of sentiment pushed the greed score to 81, indicating extreme greed among traders and investors.

Additionally, ANKR has seen an impressive 90% rise since the breakout, which has resulted in significant gains for investors who have been monitoring the token. Ankr Network is trading at $0.04411. Over the past year, prices have demonstrated an upward trend, rising 71%.

Ankr price chart

Additionally, Ankr Network is trading 101.69% above its 200-day simple moving average of $0.028143. This SMA indicates a strong bullish trend. The altcoin has recorded 21 green days out of the last 30, further supporting its positive momentum.

I would like to know what the top 5 GPUs are. #AI Is it 2024?
Then visit our blog to find out more 👇https://t.co/DIWqfmPI00 pic.twitter.com/Yfb8ZttX7S
— Ankr (@ankr) May 11, 2024

As a result, the daily closing price consistently exceeded the daily opening price. ANKR, with its high liquidity, allows investors to capitalize on the bullish momentum of the market.