May 6 5 Cheapest Cryptocurrencies You Can Buy Right Now for Less Than $1

adminMay 7, 2024

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Bitcoin continued its upward trend today, maintaining yesterday’s upward trend. For 650,000 won, Bitcoin It has recorded an impressive 3% increase in the last 24 hours. This notable surge brought its market capitalization to an impressive $1.28 trillion.

As a result, the bullish momentum extended to other tokens in the cryptocurrency market. Conflux, Ondo, Ethena, and Pyth Network are among the top gainers today, demonstrating the widespread momentum driving digital assets forward. We analyze these coins to determine their profitability.

7 Cheapest Cryptocurrencies You Can Buy for Less Than 1 Cent Right Now

ONDO is experiencing a short-term upward trend and is trading over 440% above its YTD price. Meanwhile, Ethena’s impressive 14% surge in 24 hours signals a clear shift in investor sentiment towards the token.

Additionally, Solana’s recent blockchain venture is also attracting attention. Among them is Mega Dice (DICE), a gaming and gambling token that has been rapidly gaining popularity since pre-sales began. In less than two weeks, Mega Dice has raised more than $700,000, indicating significant interest in this new concept.

1. PYTH Network (PYTH)

PYTH has lost a significant portion of its profits due to the recent bearish trend in the cryptocurrency market. However, the token has recovered significantly and is now worth $0.5662. Market capitalization and trading volume also surged by 9% and 67.7%, respectively. This indicator outperforms some of the best cryptocurrencies today.

Meanwhile, Pyth Network was one of the cryptocurrency tokens that accumulated significant value early in the bull market. At the peak of the market, PYTH was worth over $1. Analysts have predicted that the token will soon regain this value if it maintains its current price trajectory.

Pyth Networkowork price chart

Nonetheless, PYTH is one of the cryptocurrency tokens to watch in this market. As of press time, the token is in a reversal trend, registering a rise of over 8% in the last 24 hours. Additionally, PYTH has seen some increase in trading volume compared to the overall trend in the market.

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Typically, this price action signals a return of investor interest in the asset, which can lead to marginal price appreciation. Additionally, the current price of PYTH is relatively closer to the ATH value than most altcoins. The possibility of breaking ATH in the near term could have a significant impact on market perception of PYTH potential.

Therefore, investors looking at cryptocurrency tokens for short-term trading opportunities should include Pyth on their watchlist. Because the token has the potential for further upside. Additionally, Pyth Network provides unique services in the cryptocurrency industry, ensuring constant demand for these assets.

2. MegaDice (DICE)

mega dice, a well-established casino, has raised more than $700,000 in a pre-sale of its new $DICE token, which 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. In less than two weeks, Mega Dice has raised more than $700,000, 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 $0.069. Those interested can connect their wallets and exchange SOL, ETH or BNB for $DICE tokens. Mega Dice has sold 11,241,690 $DICE to date.

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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.

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3. Temperature (ONDO)

Temperature leverages blockchain technology to make the best financial services available to more people. It works by converting tangible assets into digital tokens and using these tokens to build financial rules. Ondo partners with major online service providers to provide users with essential services such as money processing and asset storage.

Despite today’s bear market, ONDO is holding at $0.8732, up 8.78% over the last 24 hours. It also increased by 48% MoM and maintained a growth rate of over 440% YTD.

temperature price chart

Meanwhile, the token’s price predictions are optimistic. Nonetheless, the Fear and Greed Index stands at 72, indicating investors are optimistic. It may be difficult for the coin to break above $1.24, but if it does, it could target $1.63.

📣 Temperature point @Solana “USDY Liquidity Providers” and “USDY Holders” campaign participants are now visible, and the Ondo Points earned over the past week are updated on your dashboard! https://t.co/Zpl0PkJWic pic.twitter.com/fNVHSU7Cut
— Ondo Foundation (@OndoFoundation) May 3, 2024

Conversely, a price cut could push the support level lower to $0.47 or $0.09. ONDO’s price path will depend on overall market trends and investor sentiment, so stakeholders must remain cautious and ready to adjust their strategies.

4. Athena (ENA)

Ethena Labs recently partnered 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.

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 Middle East tensions. Nonetheless, analysts predict that ENA could rise to $4.81 as more people stake USDe for generous rewards.

Ethena price chart

Moreover, Ethena is still attracting attention 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 rose 13.74% in the last 24 hours to trade at 0.914%. It is also trading above its 200-day SMA.

Based on community feedback $ this Liquidity locking has been simplified to better align incentives for long-term participants.
Users can now lock it. $ this To get expanded Sas Boost up to 100% depending on the amount of $ this Locked compared to USDe positions pic.twitter.com/FW6wHxe4z5
— Athena Labs (@ethena_labs) May 3, 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.

5. Phantom (FTM)

Due to its innovative consensus algorithm, Fantom has established itself as one of the best cryptocurrencies in the DeFi token category. Today, this token has established itself as one of the most profitable and promising coins on the market.

The token, which was recovered during last week’s bear market, was trading at $0.722. This rise represents a 70% YTD surge and a 9% rise in 24 hours. Meanwhile, the Greed Index stood at 71, easing some of the initial downward pressure that had previously driven prices down.

phantom price chart

Investors can also expect a breakthrough in the coming weeks due to the recently announced gas monetization program. The program proposes to distribute gas costs as a bonus to projects within the ecosystem that generate the highest gas costs. According to a Twitter update, the Phantom Foundation will accrue 85,000 FTM per quarter.

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The formal stablecoin project is another new initiative on the platform that will increase the future value of FTM. According to news from Phantom, the stablecoin USDC.e aims to ensure liquidity availability for DEXs on the FTM platform.

As a result, Fantom will likely see many more use cases in the future. Already the project is taking steps to secure First Mover benefits. When the bull market returns, it will be the boost FTM needs to take it to the next level.