May 2 5 Cheapest Cryptocurrencies You Can Buy Right Now for Less Than $1

adminMay 3, 2024

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As May begins, the cryptocurrency market continues to Ripple effects of Bitcoin halving Event starting in April. Traditionally, this should be a bullish catalyst for Bitcoin and the broader cryptocurrency landscape.

Nonetheless, this presents an opportunity to capitalize on the decline following the altcoin season’s halving. A number of promising low-cost cryptocurrencies offer investors a cheap entry point into the market. As a result, InsideBitcoins has curated a list of the top five tokens that match this description.

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

This comprehensive analysis provides traders with valuable insights to evaluate the growth potential of various cryptocurrencies. Many tokens priced below $1 are experiencing an upward trend, indicating promising investment prospects.

We also look at some great investment options that investors can add to their watchlist. These micro-cryptocurrencies focus on real-world asset tokenization and blockchain innovation, respectively. These factors lead us to recommend these assets as potential portfolio additions.

1. Polygon (Matic)

Polygon is a layer 2 scaling solution built on the Ethereum blockchain. The token was developed to enable higher transaction throughput and lower transaction costs. MATIC, the native cryptocurrency of the Polygon network, is used for a variety of purposes, including payment of transaction fees and staking.

Polygon also utilizes a proof-of-stake mechanism that leverages staked MATIC to reach consensus on the network. By staking MATIC, holders secure Polygon PoS and earn rewards. Validators also implement the Polygon Improvement Proposal (PIP) and contribute to the decentralization of Polygon PoS.

graph price chart

The token has recently experienced price fluctuations, but its value is $0.6999. This price represents an increase of 8.04% over the past day. Despite these fluctuations and the slight decline compared to last week, investors are currently bullish on MATIC and are actively buying the dip.

Analysts predict a bullish breakout for Polygon, with potential targets expected at $1.2, $5.4, and even $55. Bixley compared the token’s price performance to the early days of Ethereum, suggesting a significant upside is likely if it breaks the trendline.

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Meanwhile, the price of MATIC is trading in a channel-down pattern. A break above the $0.75 resistance in this channel could signal a reversal in the bullish trend, with potential upside reaching $0.901.

2. Polka dot pattern (dot)

At its core, Polkadot’s technology promotes interoperability. The main goal is to connect multiple blockchains to enable seamless data sharing and collaboration. High liquidity of a project shows investors’ confidence in the potential of the project.

DOT has also demonstrated price stability in line with the broader cryptocurrency market. The token is worth $6.96. This price reflects a slight increase of 7.67% over the last 24 hours.

Polkadot price chart

Meanwhile, it boasts a 24-hour trading volume of $829.35 million and a market capitalization of $6.47 billion. Despite its recent performance, Polkadot has seen its price rise by 14% over the past year. This represents positive growth compared to the initial token sale price.

Sentiment analysis shows that the Fear and Greed Index is currently sitting at a neutral 54, indicating a bearish outlook in the near term. However, the 14-day relative strength index (RSI) is 65.51, suggesting a neutral stance and upside potential. soon.

3. Ituk Tuk (TUK)

Ituktuk We’re approaching a major milestone in pre-sale, having raised over $3 million. The project aims to strengthen sustainable transport around the world, especially in developing countries. To achieve this, we provide electric vehicles (EV) and charging stations.

Additionally, eTukTuk has established partnerships with leading organizations to support its mission. Through this collaboration, eTukTuk goes a long way in promoting sustainable transport. It focuses on regions where tuk-tuks are important for everyday travel and trade.

Moreover, eTukTuk’s pre-sale target is $10.7 million. They meticulously planned their token distribution, setting aside 21.5% for staking rewards to encourage long-term investment. Liquidity receives 7%, and 9.75% is allocated to pre-sales to ensure a balanced distribution.

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Soft electronic sounds open the way to a quieter, cleaner world.
Shape the future of transportation with us! 🌍🔇 pic.twitter.com/rgLlWNFla6
— eTukTuk (@eTukTukio) May 1, 2024

Meanwhile, eTukTuk plans to list its TUK tokens on exchanges after pre-sale. This move is intended to simplify the process for investors to trade tokens. It also demonstrates a commitment to real-time eco-friendly initiatives based on cutting-edge technology.

Ituktuk It continues to attract attention through its integration of sustainable solutions and innovative technologies. This unique combination is attractive to investors seeking environmental and economic benefits.

Visit eTukTuk Presale

4. Ripple (XRP)

Recently, Ripple developers proposed direct lending on the blockchain, which could potentially impact the price of XRP. The project also locked 800 million XRP in escrow, sparking speculation in the market. Additionally, Ripple Labs released 500 million XRP from escrow, sparking discussion within the community.

As a result, XRP hit an all-time high in millionaire addresses, indicating a bullish trend. The most recent report highlights an impressive XRP 4.21 price surge, currently reaching a high of $0.5137. Over the past six weeks, the number of wallets holding at least 1 million XRP has increased by 3.1%, approaching ATH.

ripple price chart

These whales have a significant influence on price movements through their substantial trading activity. Moreover, the increasing number of whales reflects growing confidence in XRP’s prospects. The accumulation of high net worth individuals may be contributing to the current rise in XRP price.

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— Ripple (@Ripple) April 30, 2024

Moreover, Ripple’s profitable supply has surged. Following the recent rally, over 77% of XRP supply is profitable, equivalent to nearly 78 billion XRP. This trend is expected, as generally the higher the price, the more profitable a larger portion of the supply becomes.

5. Graph (GRT)

Graph simplifies access to blockchain data for developers building apps. Indexes Ethereum, POA, and IPFS data to integrate additional networks. Recent trends suggest a favorable position for the token. These predictions are supported by significant increases in trading volume and investor interest.

Meanwhile, GRT is trading at $0.2378, reflecting a slight intraday rise of 4.74%. YTD its price has surged 118%, outperforming 57% of the top 100 cryptocurrency assets. Additionally, the token is trading above its 200-day simple moving average, indicating an upward trend. Market sentiment for GRT remains bullish, with a Fear and Greed index of 71 (greed).

graph price chart

Additionally, the coin has experienced 15 green days out of the last 30 days, highlighting its resilience and market demand. Analysts expect the average price of the graph in 2024 to be around $0.49, with a potential maximum transaction price of around $0.59.

This trend reflects growing confidence in AI altcoins. Notably, GRT has been rewarding early investors since its founding in 2021 due to its limited token supply and strong community support. Moreover, the coin reached an all-time high (ATH) of $2.88 in February 2021.