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Investing in digital assets does not always require large investments. There are several promising tokens available for purchase for a fraction of a cent. These ‘cheap cryptos’ offer an affordable entry point to the market and have enormous growth potential. This article collects cheap tokens priced under 1 cent that investors can add to their portfolios.
6 best cheap crypto to buy now under 1 cent
Bitcoin surged past $45,000, sparking investor interest in the market. This expectation highlights the potential for mainstream adoption. Moreover, the increase has also aroused interest affordable tokens among investors. The next crypto priced at less than 1 cent offers investors access to the market.
1. Algorand (ALGO)
Algorand has made significant progress in the crypto market. The project has partnered with TravelX and Viva Aerobus to digitize airline tickets using the blockchain. This move has attracted attention and demonstrated Algorand’s potential beyond traditional financial transactions.
Moreover, Algorand has joined forces with entities such as NASSCOM and TiE Bangalore in India. Therefore, it wants to increase its reach and usefulness across different sectors. Likewise, Algorand envisions a more efficient financial landscape by emphasizing security, decentralization, and scalability.
Moreover, Algorand recently rose 20%, hitting a year-long peak. This increase reflects investors’ recognition of technological advancements and partnerships. By strategically using its technology, Algorand aims to break through current market resistance levels. Therefore, it underlines its substantial potential as a crypto asset worth keeping a close eye on.
AlgoExplorer is a hallmark of the Algorand ecosystem and in light of the sunset announcement we would like to share a few words.@Algo_Explorer launched in April 2019 on the same day Algorand’s public TestNet came to life.
Over the years, their product has…
— Algorand Foundation (@AlgoFoundation) December 21, 2023
Based on ongoing trends, market forecasts indicate a potential 2024 price range of $0.197 to $0.342 for Algorand (ALGO). These projections anticipate growth driven by strategic partnerships and technological advancements.
2.Sui (SUI)
The Sui blockchain has recently made significant progress in the field of decentralized finance (DeFi). In particular, the project awaits the launch of Solend, a leading credit protocol initially based on Solana. This shift is intended to strengthen Sui’s (SUI) DeFi traction. This is evident from the fact that the Total Value Locked (TVL) has increased by more than 500% since September.
The Sui team, made up of experienced professionals from Facebook’s blockchain division, prioritizes an improved developer experience. In addition, the team emphasizes strengthened security created through collaboration with top blockchain security companies such as Zellic and Ottersec.
Furthermore, the integration of DeFi protocols such as Solend on the Sui (SUI) blockchain could improve the value and market perception of Sui. Furthermore, the network focuses on easy-to-use development tools, enhanced security and high transaction throughput. This advantageously positions it for higher adoption rates and potentially increased trade value.
Currently, sentiment surrounding Sui Crypto’s price prediction is bullish. This sentiment coincides with a score of 71 on the Fear & Greed Index, which indicates a state of “greed.” Sui Crypto’s circulating supply is 1.10 billion out of a maximum supply of 10.00 billion SUI. In the Layer 1 sector, Sui Crypto is ranked number 41 in terms of market capitalization.
Some key observations include trading above the 200-day simple moving average. Moreover, it has achieved positive performance compared to the token sales price. SUI has also had 18 of the last 30 green days (60%) and is trading near its cycle high.
3. Blur (BLUR)
The NFT marketplace Blur (BLUR) has seen remarkable growth lately, surpassing market leader OpenSea in terms of trading volume. DappRadar’s data shows that Blur consistently dominates monthly NFT sales, marking a significant shift in the NFT market.
Meanwhile, Blur’s NFT sales reached $590 million last month alone, surpassing all other platforms. During the recent market cycle, BLUR peaked at $0.679713. This spike reflects bullish sentiment, with the Fear & Greed Index at 71 (Greed).
Key technical indicators show positive trends for Blur. This trend involves trading above the 200-day simple moving average. Additionally, there have been 15 green days (50%) in the last 30 days. The coin also has strong liquidity, which is reflected in its market capitalization.
Blur dominates nearly 80% of NFT trading volume as market activity increases https://t.co/L3mBo0dVYA
— The Block (@TheBlock__) December 4, 2023
Analysts speculate on Blur’s future trajectory, citing the project’s robust foundations and a committed community as key driving factors. Forecasts regarding the performance of the BLUR coin indicate a potential of over $2.96 in 2024.
However, this is dependent on possible collaborations with other networks and the continuation of a bullish trend in the crypto market. Furthermore, projections indicate an average price of around $2.68 for the Blur Coin in 2024.
4. Hedera (HBAR)
Hedera recently integrated WalletConnect into its network to improve user compatibility and interoperability. This move coincided with an increase in the value of HBAR from $0.070 on December 18 to $0.096 on January 2.
Hedera has a bullish trend, supported by 27 positive technical indicators. Moreover, it is trading above the 100 and 200-day Exponential Moving Averages (EMAs), indicating optimism among traders. Market analysts foresee a potential increase to $0.0998 for the Hedera coin in January 2024. However, this forecast is subject to notable developments and prevailing technical trends.
Hedera has 14.83 billion HBAR in circulation out of a maximum of 50 billion HBAR. Furthermore, it holds the 13th position in the Proof-of-Stake Coins sector. Based on market capitalization statistics, it also ranks 33rd in the Layer 1 sector.
“Of #Hedera, @abrdn_plc prepares for a future where investors buy and hold their tokenized assets and can trade on multiple platforms… For fans of #RWA #tokenizationThe good news is that 2023 was just a harbinger of things to come.”https://t.co/Z3NsZyZRKO pic.twitter.com/FUsnMvjYBW
— Hedera (@hedera) December 29, 2023
Additionally, key highlights include a significant 153% price increase over the past year, outperforming 66% of the top 100 crypto assets. Recent trading trends indicate 18 positive days in the past 30 days, confirming a favorable trajectory. Notably, the coin is trading near its cycle high and maintains high liquidity thanks to its market capitalization.
5. Beam (BEAM)
The recent collaboration between Beam and Ghost Ivy Development Studio, makers of Haven’s Compass, marks a pivotal moment for the game.
As the game gears up for its final launch in 2024, these collaborations aim to take the gaming experience to the next level. Beam’s integration of blockchain technology promises secure in-game transactions and encourages creativity through the Beam SDK. Furthermore, the partnership with Seedify is expected to add new dimensions to the game.
Merit Circle DAO Update – Investments ????
With the arrival of a new year it means the end of another quarter. What’s coming?
???? New Treasury Report.
Subscribe https://t.co/9XDAkVFdDs to be the first to receive the next report ???? pic.twitter.com/CsXbjLR21A
— Merit Circle (@MeritCircle_IO) January 1, 2024
In a recent performance, Beam has shown positive trends, with 17 ‘green days’ in the last 30 days, indicating a 57% upside move. It currently has a circulating supply of 48.04 billion out of a maximum of 62.75 billion BEAM tokens.
6. Bitcoin Minetrix (BTCMTX)
Bitcoin Minetrix presents a new approach that allows users to stake BCMTX tokens for cloud mining credits. The project aims to decentralize control and provide a secure mining environment for token holders.
Additionally, the platform’s staking pool has attracted a lot of attention, currently holding over 400,000 BCMTX tokens. This move has resulted in an advertised annualized rate of return (APY) of 103.225%, reflecting strong participant interest.
#BitcoinMinetrix Stage 17 has started!
Which technological developments in the field of cloud mining are you most excited about? ???? pic.twitter.com/HEIOHE0kEX
— Bitcoinminetrix (@bitcoinminetrix) January 1, 2024
In the initial pre-sale phase, Bitcoin Minetrix has shown remarkable traction in the market. The ongoing BTCTX the presale raised over $7,207,741 by selling tokens for $0.0125 each. This number makes up 70% (2.8 billion BTCMTX) of the total token supply of 4 billion. Interested investors can acquire these tokens using ETH or USDT.
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New Crypto Mining Platform – Bitcoin Minetrix
- Controlled by Coinsult
- Decentralized, secure cloud mining
- Earn free Bitcoin every day
- Native token now on pre-sale – BTCMTX
- Staking Rewards – Over 100% APY
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