5 Best Cheap Cryptos to Invest Now Under $1 on December 8 – Telcoin, VeChain, SPX6900, eCash

Marathon Digital, a US-based Bitcoin mining company, added 1,300 BTC to its holdings. This purchase comes after Bitcoin briefly surpassed the $100,000 mark before retreating to $99,200 at the time of writing. According to CoinGecko data, Marathon now occupies the second position in terms of Bitcoin holders, with only MicroStrategy ahead.

Blockchain analytics platform Lookonchain reports that the recent acquisition cost the company $130.66 million. A few days before, Marathon purchased an additional 1,423 BTC for $139.5 million. These two transactions total $270.12 million at the current Bitcoin price. At the same time, investors are also looking for affordable tokens, especially the best cheap crypto to buy now under 1 dollar.

5 Best Cheap Cryptos to Invest Now Under $1

Telcoin (TEL) is valued at 0.006722, up 4.03% in the last 24 hours. VeChain (VET) is trading at $0.06944, reflecting a gain of 2.32% during the same period. SPX6900 is priced at $0.7498, registering an increase of 3.85% over the past day. Meanwhile, eCash ranks 114th in the market rankings, with a current price of $0.00005384.

Flockerz ($FLOCK) managed to raise over $5.1 million during its presale just two months after its launch. In other developments, Donald Trump chose former SEC Commissioner Paul Atkins to lead the agency.

1. Telcoin (TEL)

Telcoin (TEL) is priced at 0.006722, showing an increase of 4.03% in the last 24 hours. The token’s market capitalization increased by 4.33%, reaching 616.70 million, while its daily trading volume is around 3.66 million. This gives a volume to market capitalization ratio of 0.5953%, indicating moderate trading activity.

Over the past year, the price of Telcoin has increased by 157%. It outperformed 63% of the top 100 cryptocurrencies, including Bitcoin and Ethereum. The token is trading well above its 200-day simple moving average, currently at 0.001789. It maintains a premium of 275.73% on this level, suggesting a continuation of its bullish momentum.

Current market sentiment is also positive. The Fear & Greed rating is 79, which reflects an “Extreme Greed” level. Over the past 30 days, Telcoin has experienced 19 green days, indicating positive movement for 63% of that time.

By December 2024, Telcoin is expected to trade in a range between 0.006729 and 0.006894, with an average price near 0.006803. If this prediction is accurate, investors could see a potential return of 2.55% from current price levels.

2. VeChain (EFP)

VeChain (VET) has introduced the Renaissance Protocol, an upgrade designed to position its blockchain for broader adoption and adapt to evolving technological demands. This initiative focuses on improving tokenomics, improving compatibility with Ethereum, and offering new tools to attract developers and institutions.

In a recent announcement via X, VeChain revealed the “VeChain Renaissance” initiative. The aim is to modernize its blockchain ecosystem and align it with global industry standards. These updates aim to improve the usefulness of the platform and expand its potential for real-world applications.

The changes include restructured tokenomics, which seeks to improve the blockchain business model. Additionally, VeChain has improved its interoperability with Ethereum, which could expand ecosystem connectivity. New tools have also been introduced, aiming for greater accessibility for developers and businesses.

– VeChain (@vechainofficial) December 5, 2024

Currently, VET is trading at $0.06944, reflecting a 2.32% increase over the past 24 hours. The Fear & Greed Index has an extreme greed score of 79, suggesting strong investor interest. Over the past year, VeChain is up 151%, outperforming 63% of the top 100 cryptocurrencies, including Bitcoin and Ethereum.

VET is trading above its 200-day simple moving average, signaling bullish momentum. Over the last 30 days, the coin recorded 19 days (63%) where the daily closing price exceeded its opening price. Its high liquidity, supported by a large market capitalization, makes it attractive to traders and investors.

3. SPX6900 (SPX)

SPX6900 is priced at $0.7498 and has seen an increase of 3.85% over the past day. The market capitalization is $698.07 million, while the 24-hour trading volume is $28.18 million. This translates to a Vol/Mkt Cap ratio of 4.03%, indicating active market liquidity.

The fully diluted valuation (FDV) of the token is approximately $749.68 million, with a total supply of 930.99 million SPX and a maximum cap of 1 billion SPX. Over the past year, the SPX6900 has seen an extraordinary 11,939% price increase. It also outperformed 96% of the top 100 crypto assets, including Bitcoin and Ethereum. This significant performance places it close to its cyclical high of $0.7639.

By December 2024, SPX6900 is expected to trade in a range between $0.7222 and $1.9674. The average price is estimated at $1.1950, suggesting a possible 59.95% increase from current levels. If the token reaches the predicted average, investors could see a potential ROI of 163.34%.

The 2025 SPX6900 is expected to trade between $1.2285 and $3.40. The average price is expected to be around $1.9647. January 2025 is expected to be the most optimistic period, with potential price growth of 355.18% from current levels.

4. Electronic money (XEC)

eCash (XEC) is a rebranded cryptocurrency of Bitcoin Cash ABC (BCHA), originating from the Bitcoin Cash (BCH) community. It is designed to function as a scalable and efficient digital currency for everyday transactions. The project focuses on improving usability by improving transaction speed, reducing fees, and integrating smart contract functionality. These features aim to make the currency more practical for real-world use.

eCash is designed to handle a high volume of transactions, prioritizing scalability to meet the demands of a growing user base. The network also emphasizes low transaction costs, making it particularly attractive for microtransactions and everyday payments. Additionally, the inclusion of smart contracts allows developers to create decentralized applications (dApps), expanding its potential use cases.

The construction never stops! 👨🏻‍💻

📣 Bitcoin ABC 0.30.6 is here! 🚀

This release adds the Chronik indexer to the MacOS node version, a bugfix for nodes with avalanche disabled (not by default) as well as several under-the-hood improvements. 🛠️

Download it here 👇

– eCash (@eCashOfficial) December 3, 2024

Currently, eCash has a market rank of 114 and a price of $0.00005384. Its market capitalization is around $1.07 billion, while its 24-hour trading volume is $48.86 million.

5. Flockerz ($FLOCK)

Flockerz ($FLOCK) raised over $5.1 million during its presale, just two months after its launch. This step reflects growing interest in its vote-to-win (V2E) model, which gives holders a direct role in shaping the direction of the project. Through V2E, $FLOCK token holders can vote on decisions such as treasury usage and protocol upgrades. Participants are rewarded with $FLOCK tokens, creating a governance system that emphasizes decentralization.

The rapid success of the pre-sale has drawn comparisons to Peanut the Squirrel ($PNUT), which recently reached a billion-dollar market cap. Unlike many meme pieces that follow dog-inspired themes, Flockerz stands out for its community-based approach. This could help it stand out in the highly competitive coin market, whose total valuation now stands at $122.69 billion.

At its current presale price of $0.0062995, some analysts are predicting significant upside potential for $FLOCK. Forecasts suggest that the token could generate substantial returns, although much depends on future stock listings and sustained community interest. Investors should approach these predictions with caution while considering the token’s potential upside.

🔥 Herds on fire! 🔥

5 million ways to say that The Flock is on top! What an important step, this could not have happened without each member of the flock spreading the good word!

At the top! With the herd! 🚀🚀 pic.twitter.com/89co1o8qkT

– Flockerz (@FlockerzToken) December 7, 2024

To ensure security, Flockerz has been audited by Coinsult and SolidProof, who have confirmed that its smart contracts are error-free. Investors can also stake their tokens for an annual percentage yield (APY) of 502%, allowing holders to increase their holdings and voting power. 2 days before the end of this pre-sale phase, $HERD is getting closer to its fundraising goal of $5.5 million.

Visit the Flockerz presale

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