5 Best Cheap Cryptocurrencies to Buy Under $1 on December 20 – Movement, Toncoin, Convex Finance

Altcoin investors are optimistic about the upcoming altcoin season. Many anticipate a shift in capital from the Bitcoin ecosystem and potential regulatory improvements to drive the altcoin’s rally in 2025.

However, the crypto market has been facing a downtrend over the past 24 hours, largely due to Federal Reserve Chairman Jerome Powell’s hawkish remarks following a recent FOMC meeting. Despite this, crypto enthusiasts believe that the market will be negatively impacted by this news and is expected to recover as it prepares for a potential bull run. In light of this positive outlook, investors are looking for affordable tokens, especially the best cheap crypto to buy now under 1 dollar.

5 Best Cheap Cryptocurrencies to Buy Under a Dollar

Movement (MOVE), the native token of an Ethereum-based layer 2 blockchain, has recently seen a notable price rise, outperforming broader market trends. Toncoin (TON), currently ranked 13th in terms of market capitalization, has seen fluctuating performance over the past year.

Convex Finance (CVX), ranked 169th by market capitalization, has recently made significant progress thanks to new developments. Flockerz ($FLOCK), a new ICO, has attracted considerable attention in the cryptocurrency market. In the meantime, Bitcoin fell below $100,000 following signals from the Federal Reserve of fewer rate cuts in 2025.

1. Movement (MOVEMENT)

Movement (MOVE), the native token of the Ethereum-based layer 2 blockchain, has recently outperformed broader market trends, experiencing a strong price increase. On December 20, MOVE reached an intraday high of $0.877, with a market capitalization close to $2 billion. The price rise was supported by a 63% increase in daily trading volume, surpassing $1.6 billion. Open interest in the MOVE futures markets also doubled in one day, from $56.03 million to $103.93 million, reflecting increased interest from traders.

This rise in MOVE’s price appears to come from its recent partnership with BitGo, a major digital asset custody platform. This collaboration facilitates the integration of Wrapped Bitcoin (WBTC) onto the Movement’s mainnet, thereby enhancing its decentralized finance (DeFi) offerings. With the support of WBTC, Movement aims to expand asset usage, increase liquidity options, and strengthen its appeal within the DeFi ecosystem.

Another catalyst for MOVE’s growth is the recent launch of its mainnet. Movement’s native token, powered by the MoveVM architecture, debuted alongside a substantial $830 million airdrop targeting early adopters and community members. This strategic approach helped drive initial interest and adoption. The token’s listing on major exchanges including Binance, Coinbase, OKX, and Upbit has further amplified its visibility and trading activity.

2. Toncoin (TON)

Toncoin (TON), currently ranked 13th in terms of market capitalization, has seen varied activity over the past year. Its market capitalization is approximately $13.16 billion, with a circulating supply of 2.55 billion tokens. Despite a recent price drop of 7.57% over the past 24 hours to $5.04, its trading volume increased marginally by 1.82% to $568.34 million, highlighting continued stakeholder interest. of the market.

Blockchain integration with Fordefi introduces enhanced security features for institutional engagement in decentralized finance (DeFi). This development could strengthen its adoption among institutional players seeking secure participation in the DeFi space. At the same time, Toncoin saw increased whale activity, with an 80% increase in large transactions, amounting to 1.68 billion tonnes moved, even amid a broader crypto market slowdown and liquidations .

Another key development for Toncoin is the planned launch of the TON Space custody wallet. This initiative aims to attract 30% of Telegram’s user base to the Toncoin ecosystem by 2028, which could significantly increase Toncoin user engagement and utility.

Although Toncoin has seen a notable increase in its total supply and strong institutional interest, its price volatility reflects broader challenges in the market. The integration efforts and increase in whale transactions suggest increased confidence and activity, but the long-term success of its initiatives will depend on the continued adoption and stability of the broader crypto market.

3. Convex Finance (CVX)

Convex Finance (CVX), ranked 169th by market capitalization, has seen some notable developments recently. Its market capitalization is around $380.9 million, with a total supply close to 99.81 million tokens. The token is trading at $3.93, showing a significant monthly increase of 62.95%. The price is above its 200-day simple moving average (SMA) of $3.05, trading up 29.4%, suggesting a strong uptrend.

CVX has demonstrated consistent performance, with 15 of the last 30 days in the green. Its liquidity appears robust considering its market capitalization, supported by a daily trading volume of $60.93 million, representing a high volume-to-market cap ratio of 16.07%. Convex Finance maintains a substantial total value locked (TVL) of $1.19 billion, offering a market cap/TVL ratio of 0.3146, highlighting its strong DeFi footprint.

Looking ahead, price predictions for CVX indicate further growth. By December 2024, analysts predict a trading range between $3.84 and $5.71, with a potential average price of $4.94, generating an estimated return on investment (ROI) of 45.23%. . The CVX trading range in 2025 could extend between $6.22 and $18.18, with an average annual price forecast of $10.44. January 2025 could see the largest price increase, with gains projected at 362.3%.

4. Stratis (New) (STRAX)

Stratis (STRAX) saw a significant price increase, marking notable activity in the cryptocurrency market. Over the past day, STRAX’s value increased to $0.07145, reflecting a daily gain of 14.86%. This increase coincides with an increase in trading volume, which jumped 1,497.58% to $360.73 million. Such activity suggests increased market interest, potentially driven by underlying developments or broader market movements.

The market capitalization of Stratis currently stands at $143.37 million, reflecting the fully diluted valuation (FDV) of the asset. This equivalence indicates that STRAX has a fixed total supply of 2 billion tokens, and no additional coins are expected to be minted. This capped supply may influence investor sentiment, particularly those seeking long-term value stability.

Interestingly, the volume to market capitalization ratio is exceptionally high, at 239.95%. This measure implies significant trading activity relative to the market value of the asset. Although such a ratio often indicates increased liquidity, it may also suggest speculative trading or short-term volatility.

Off-chain $STRAX The token exchange window is now open until December 29, 2024. Use the Address Ownership Tool to participate.

– Stratisplatform (@stratisplatform) December 19, 2024

The chart data further highlights STRAX’s upward momentum, with a sharp rise observed in the early hours of December 20. This growth phase follows a relatively stable price development, characterized by slight fluctuations. Such trends demonstrate renewed investor interest after a phase of stagnation.

5. Flockerz ($FLOCK)

Flockerz ($FLOCK) is a new ICO that has garnered considerable attention in the crypto market. With more than $7 million raised during its pre-sale, the project is growing. Flockerz sets itself apart by introducing a Vote-to-Earn system, which allows token holders to influence the direction of the project. This system gives community members control over token burns, airdrops, and marketing strategies. Additionally, token holders are rewarded with $STARS tokens for their participation in governance, which can further increase the value of their holdings.

The pre-sale became impressive, raising $7.3 million in just a few months. The project has attracted the attention of notable crypto influencers. For example, YouTuber Clay Bro highlighted the potential for significant returns. At the same time, Clinix Crypto provided an in-depth analysis, focusing on the unique features of Flockerz. This support suggests that the project could gain traction once launched.

💙There are 3 things that the herd likes💙

1. Community
2. Voting
3. WIN 📈📈 pic.twitter.com/76GRTfvrep

– Flockerz (@FlockerzToken) December 18, 2024

The presale process is simple, allowing investors to purchase tokens with ETH, BNB, or even a credit card. The current price of $0.0064781 per token is attractive but expected to rise as demand increases. Flockerz has also successfully passed audits from SolidProof and Coinsult, ensuring its security and reliability.

Visit the Flockerz presale

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