5 Best Cheap Cryptocurrencies to Buy Under $1 on November 1 – Ethena, Kaia, Klaytn, aelf

Bitcoin volatility has reached unprecedented levels in Japan, with the BTC-JPY pair surpassing BTC-USD in 90-day realized volatility. This development marks the first occurrence since 2022 where BTC-JPY has shown greater volatility than its US equivalent. Recent market conditions in Japan, particularly following last week’s general election, have largely contributed to this change.

Current projections suggest that altcoins could soon see a rally, especially given the current market outlook. In light of this, 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

Currently, Ethena’s ENA token is valued at $0.351879, representing a slight decline of 0.06% over the past 24 hours. On the other hand, KAIA (Kaia) showed strong performance among recent listings on Binance, with a significant rise of 17.21%, bringing its price down to $0.1471.

Meanwhile, Klaytn (KLAY) is trading at $0.132619, an increase of 4.68% over the same period. Additionally, dAppChain has made substantial contributions to improving Web3 experiences on Telegram. In the wider market, Bitcoin halted its bullish momentum after reaching its all-time high.

1. Ethena (ENA)

Ethena is a synthetic dollar protocol built on Ethereum. It offers a crypto-native approach to a dollar-based asset that operates independently of the traditional banking system. Additionally, Ethena offers a globally accessible savings instrument called the Internet Bond, which is denominated in dollars.

Currently, Ethena’s ENA token price is $0.351879, down slightly by 0.06% over the past 24 hours. In terms of recent performance, ENA price has closed above its open by 50% over the past 30 days. This indicates moderate positive momentum as well as strong liquidity relative to its market capitalization.

Looking ahead to November 2024, market trends suggest a potential shift, which could lead ENA to a high of $1.229878. On the low end, forecasts place it around $0.365039. If the token were to trend towards the higher range, it would represent a potential gain of 249.45% from the current price.

Projections estimate that ENA will trade between $1.119788 and $1.708747 in December 2024. With an expected average of $1.437459, this growth would produce an approximate return of 385.52%, assuming that l ENA follows these forecasts.

2. Kaia (KAIA)

Recently, KAIA (Kaia) emerged as one of the best performing stocks among Binance’s new listings, seeing a notable increase of 17.21%, taking its price to $0.1471. This price movement reflects significant buying interest in the asset. Currently, KAIA holds a market capitalization of approximately $799.75 million, with a slight increase of 1.37%.

In terms of trading activity, the 24-hour volume reached $130.90 million, a substantial increase of 494.31%. The fully diluted valuation (FDV) is also around $799.63 million. The volume/market capitalization ratio stands at 17.68%. KAIA has a total supply of 5.86 billion tokens, with the entire supply currently in circulation.

Looking ahead to November 2024, market forecasts indicate a possible upward trend for KAIA. Analysts predict a potential price increase to around $0.260664, with an expected range between $0.134377 and $0.444057. If investors buy KAIA at the current price and sell it at expected levels, they could get a return on investment of around 225.08%.

Kaia Square v1.2 is here! Some exciting updates we’ve rolled out to make your experience smoother and more intuitive.

🟩

A quick overview of what’s new: 🧵⬇️ pic.twitter.com/iMr01ADxda

– Kaia (previously Klaytn & Finschia) (@KaiaChain) November 1, 2024

By December 1, 2024, projections suggest a further price rise of around 219.20%, potentially reaching $0.428926. Current technical indicators suggest bullish sentiment in the market, complemented by a Fear and Greed Index of 69, which indicates investor greed. Over the past 30 days, KAIA has recorded three out of four days in the green, with notable price volatility.

3. Klaytn (KLAY)

Klaytn (KLAY) is currently priced at $0.132619, reflecting an increase of 4.68% over the past 24 hours. Market sentiment towards KLAY appears neutral. Meanwhile, the Fear & Greed Index shows a score of 69, indicating a state of greed among investors.

Additionally, there were 16 days in the last 30 days where the closing price exceeded the opening price, accounting for approximately 53% of the days. Additionally, Klaytn is characterized by high liquidity based on its market capitalization.

For November, the forecast suggests a potential change in market trends. The expected price could drop to around $0.130886. The forecasted trading range for this month is between $0.129465 and $0.131909. These forecasts are largely influenced by the performances observed last month.

4. self (ELF)

The aelf dAppChain has played an important role in improving Web3 experiences on Telegram. It recently reached a remarkable milestone with over half a billion transactions recorded on aelfscan. Additionally, the platform recorded new records in trading volume across different chains and improved its transactions per second (TPS) rates, facilitating better performance for decentralized applications (dApps). Additionally, the integration of AI features has contributed to the overall effectiveness of these applications.

Looking at the current market state, aelf (ELF) price stands at $0.358052, reflecting a modest 0.75% increase over the past 24 hours. Notably, there were 15 days in the last month where the closing price was higher than the opening price, indicating stable performance during this period. The asset also demonstrates high liquidity based on its market capitalization.

🌊aelf Ventures Weekly News: November 1, 2024💡

1️⃣Coinbase Unveils “Agent-Based” Tool to Enable AI-Driven On-Chain Automation@coinbase Developer Lincoln Murr introduces “Based Agent,” a tool that allows users to create a #AI agent linked to their crypto wallet under… pic.twitter.com/sbw69x9VU6

– self (@aelfblockchain) November 1, 2024

Looking ahead to November 2024, forecasts suggest a possible price decline, with estimates predicting that it could fall to around $0.321738. The forecasted trading range for the month is between $0.279569 and $0.364893, influenced by the market activities of the previous month. Investors considering purchasing ELF at its current price could see a return on investment (ROI) of 21.92% if they decide to sell at the projected rates.

5. FreeDum Fighters (DUM)

FreeDum Fighters is a new meme coin presale initiative that merges political satire with investment opportunities. Currently, the project has attracted considerable attention, having raised over $383,000 during its ongoing pre-sale. The narrative revolves around mechanized political figures such as “Kamacop” and “Magatron”, who engage in battles for control. This theme could resonate particularly well with a politically conscious audience, particularly given the upcoming US election.

The presale offers an entry price starting at $0.00006 per token, which gradually increases through different stages. This tiered pricing structure allows early investors to purchase tokens at a lower rate, potentially increasing their returns if the token appreciates once listed on an exchange.

FreeDum Debate #1 🇺🇸
Price: 10 million $DUM distributed among the winning parties.

Statement:
MAGATRON hair is the pinnacle of American engineering. Just like McDonald’s is the pinnacle of American cuisine.

MAGATRON is for this statement.
Kamacop 9000 is against it.

Let him… pic.twitter.com/rYoQVnLRDa

– FreeDum Fighters (@Freedum_Fighter) October 30, 2024

A notable aspect of FreeDum Fighters is its staking option, which has seen over 6 billion DUM tokens staked. At the time of writing, participants can earn an annual percentage yield (APY) ranging up to 296.95%, depending on which character they choose to bet. Although this rate of return is attractive, it is important to recognize the risks involved, particularly due to market fluctuations.

In addition to financial incentives, FreeDum Fighters promotes community engagement through features such as weekly debates and token airdrops. These discussions provide participants with the opportunity to earn additional tokens based on results, creating an interactive experience that promotes continued engagement.

Visit FreeDum Fighters Presale

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