5 Best Altcoins to Buy Now on October 1 – TRON, Celo, OKB, EigenLayer

El Salvador recently took a notable turn in its fiscal strategy, with President Nayib Bukele declaring that the country will no longer rely on foreign debt to finance its budget. Since Bukele took office, El Salvador has integrated Bitcoin into its economy, becoming the first country to officially recognize the cryptocurrency as legal tender.

At the same time, crypto analysts are bullish on Bitcoin’s weekly chart, highlighting a bullish consolidation pattern that could signal an upcoming market rally. Several upcoming events are also expected to contribute to this potential market rise. Therefore, investors are looking for affordable tokens, especially the best cheap crypto to buy now under 1 dollar.

5 Best Altcoins to Buy Now

TRON DAO recently concluded a security review of its Java-Tron client. OKB, the native token of the OK Blockchain Foundation and the OKEx exchange, remains a key player in the market. On October 1, EigenLayer’s token, EIGEN, was listed on major exchanges such as Binance and MEXC.

Meanwhile, Celo showed significant momentum in today’s trading, hitting a 24-hour high of $0.7397 after opening at $0.6295. Flockerz ($FLOCK) brings innovation to the coin space by blending decentralized governance with community rewards. Bitcoinmeanwhile, is on track to achieve its best performance in September, while investors remain vigilant.

1. TRON (TRX)

TRON DAO recently completed a security assessment of its Java-Tron client. Blockchain security firm ChainSecurity led the review, which focused on critical components such as the TRON Virtual Machine (TVM), consensus mechanisms, and Peer-to-Peer (P2P) interactions. The main goal was to identify vulnerabilities that could impact TRON’s performance, particularly in areas such as transaction processing, block creation, and consensus.

Following the assessment, TRON improved its security measures. These improvements aim to increase stability and, therefore, build trust among its 256 million users. Additionally, with a total value locked (TVL) of $20 billion, TRON remains a key player in the market. Over the past 24 hours, TRON price increased by 0.84%, reaching $0.16. Additionally, trading volume increased by 3.89%, reaching $343.46 million.

Additionally, TRON has generated $567 million in fees over the past 90 days, significantly outperforming other blockchains. For example, Ethereum’s fees were $253 million, while Solana and Bitcoin’s fees were $105 million and $57 million, respectively.

Safety is important for #TRON.

As a matter of urgency, the TRON development team quickly fixed the vulnerabilities identified by @chain_securitystrengthening its security infrastructure.

This collaboration highlights @trondao‘s commitment to proactively identifying and resolving security issues… pic.twitter.com/9DJEsLbr2y

– TRON DAO (@trondao) September 30, 2024

TRON is also trading 17.95% above its 200-day simple moving average (SMA) of $0.132595, signaling a positive trend. Therefore, market sentiment remains optimistic, with 30 technical indicators supporting this view. Overall, TRON continues to show stable performance and trades well above its initial sale price.

2. OKB (OKB)

OKB is the native token of the OK Blockchain Foundation and the OKEx crypto exchange. The exchange remains one of the largest global exchanges, ranking third in liquidity and fourth in trading volume, with a wide range of trading pairs.

At press time, OKB is trading at $41.70, reflecting a 0.67% increase over the past 24 hours. The token has shown positive momentum, with 18 green days over the past month, representing a 60% rate of days where the closing price exceeded the opening price. Currently, OKB is trading near its cycle high.

Meanwhile, sentiment surrounding OKB price is neutral, based on technical analysis. Out of 33 indicators, 21 signal an uptrend, while 12 suggest a downtrend.

Looking ahead, the short-term forecast for OKB suggests minimal price fluctuations, with the value expected to increase slightly over the next week. By October 6, 2024, OKB could reach $43.59, an increase of 4.13%.

Over the next 30 days, the price could move between $39.52 and $56.08, with a potential upside of 34.49% if it hits the upper target. Overall, the forecast shows a mix of positive and cautious signals for the token, suggesting a steady, although not guaranteed, upward trajectory.

3. Clean layer (EIGEN)

On October 1, EigenLayer’s token, EIGEN, was listed on several major exchanges, including Binance and MEXC. After its debut, EIGEN saw a significant surge, providing presale investors with a notable gain of 1,200% on Binance. The token is now actively tradable, with a fully diluted valuation exceeding $6.5 billion.

According to data from CoinMarketCap, the price of EIGEN increased by 10%, currently trading at $4.10. Approximately 1.68 billion tokens have entered circulation, including 86 million that were distributed earlier this year to users who interacted with the protocol.

Meanwhile, Justin Sun, CEO of TRON, attracted attention in the crypto market by moving 5.24 million EIGEN tokens, worth around $21.5 million, to the HTX exchange . The move follows the token listing, with Sun having acquired these tokens from EigenLayer through five separate addresses in the last 24 hours.

Today the @EigenFoundation announced the unlocking of the EIGEN token!

This is a big step forward for the @eigenlayer ecosystem, opening new avenues for shared security, open innovation and broader participation.

More ↓

-EigenLayer (@eigenlayer) October 1, 2024

EigenLayer has become an important player in decentralized finance (DeFi), particularly in staking solutions. Data from DeFi Llama shows that the protocol now ranks third among DeFi platforms, with over $10.9 billion in total value locked (TVL). The platform’s staking model allows Ethereum stakers to reuse their tokens on other protocols, adding flexibility for users.

4. Flockerz ($FLOCK)

Flockerz ($FLOCK) introduces a unique concept to the coin space by combining a decentralized governance model with community rewards. After its launch, the project quickly raised over $333,000 and billed itself as “The People’s Meme Coin.” Its key feature, a vote-to-win system, seeks to create a more democratic and participatory experience for holders.

At the heart of Flockerz is Flocktopia, a decentralized autonomous organization (DAO) of which every $FLOCK holder becomes a member. DAOs, which are blockchain-based governance structures, allow every participant to have equal voting rights. This model allows the community to propose and vote on decisions that shape the direction of the project. By rewarding members who actively vote with $FLOCK tokens, the platform encourages continued engagement and involvement in decision-making.

In addition to the governance model, Flockerz offers substantial staking rewards. Around 25% of the total supply, or 3 billion $FLOCK tokens, is dedicated to staking, with participants earning a return of 1,888% over two years. This system encourages long-term investment, because the tokens involved contribute to the scarcity of supply and the stability of projects.

The herd is flying high! We have officially passed $300,000! pic.twitter.com/MsLc5PeoyX

– Flockerz (@FlockerzToken) September 28, 2024

Out of a total of 12 billion tokens, 2.4 billion (20%) are currently available for presale at $0.0056559 per token. However, the price is expected to increase as one moves to the next level. An additional 20% of the offer is allocated to marketing, aiming to increase the visibility of the project and ensure its listing on the stock exchange. Meanwhile, 10% of Flockerz’s the liquidity supply is reserved for trading and 25% is allocated to the DAO treasury for project development.

Visit the Flockerz presale

5. Célo (CELO)

Celo demonstrated notable strength in today’s trading, trending higher after hitting a 24-hour high of $0.7397, after opening at a low of $0.6295. Currently, the price stands at $0.7301, reflecting a solid 12.06% gain. This price movement signals increased buying activity and a possible change in market sentiment.

Currently, Celo is trading 31.78% above its 200-day simple moving average (SMA) of $0.524995, further supported by 19 green days over the last 30, or 63%. As of October 1, 2024, technical analysis indicators generally suggest a bullish outlook, with 26 indicators signaling positive momentum.

If Celo maintains its position above current levels, traders could expect a continued upward move towards higher resistance points. For those considering a position, this represents a potential opportunity, but it is important to manage risks carefully.

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