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The cryptocurrency market saw a considerable part of its value disappear yesterday. This inexplicable bearish sentiment saw several investors investing in the best cheap cryptocurrency under a dollar to recoup their losses. This reaction caused several altcoins, including BTC, to exhibit price instability as they briefly fell below the $60,000 mark.
However, despite the decline causing sideways trends in the general market, savvy investors are taking advantage of the cheap prices of the tokens. Analysts confirmed that the corrective rally would start with cheap cryptocurrencies purchased for less than $1.
6 Best Cheap Cryptocurrencies to Buy Now for Under $1
Several low-priced tokens have outperformed high-cap tokens in terms of price appreciation, with VeChain being a prime example. VeChain has demonstrated significant growth potential, providing substantial returns to early investors. Additionally, our in-depth analysis of a presale token, Pepe Unchained, highlights why this token deserves serious consideration.
Today’s review looks at the profit potential of Beam, VeChain, BitTorrent, Gala and Bonk. Currently trading below the dollar, these tokens have surged between 7% and 15% in the last 24 hours. This performance is notable against the backdrop of the current overall bearish market sentiment, suggesting promising investment opportunities.
1. VeChain (EFP)
VeChain (VET) has partnered with Concordium to improve transparency in the global food supply chain. This collaboration improves consumer confidence by simplifying the tracking of food products. This also helps confirm the source of these food products and their authenticity and ensures ethical sourcing. The integration of Concordium’s Proof-of-Stake mechanism strengthens VeChain’s position among supply chain solution providers.
Additionally, the VeChain team completed the final voting phase on the testnet and manually distributed the outstanding rewards. A thorough review of the testnet confirmed the successful deployment of the VeChainThor (VTHO) mainnet. This upgrade ensures a seamless transition to the new system, improving the operational capabilities of the platform.
The ongoing partnership with Concordium and recent market trends indicate a potential price increase to $0.09. Key milestones including the launch of VeChainThor and progress with VeBetterDAO are likely to contribute to further adoption and growth in the months to come.
Currently, VET is trading at $0.02215, an increase of 27% in the last 24 hours. Investor confidence remains high, with the Fear and Greed Index sitting at 80, indicating extreme greed. Additionally, the token’s Relative Strength Index (RSI) is above the midpoint, suggesting further upward momentum soon.
2. Beam (BEAM)
Beam is committed to eliminating mismanagement of user data by providing a platform that ensures secure and reliable transactions. It offers various features including private stablecoins, NFTs, and automated market makers (AMM). Beam also plans to introduce new features such as lending, oracles, sidechains and wrapped assets.
Additionally, Beam is a gaming network supported by Merit Circle DAO. The BEAM Network is focused on creating a collaborative ecosystem to advance the gaming industry. By connecting developers and gamers, it fosters partnerships that will help shape the future of gaming.
Additionally, Beam also protects users’ addresses and gives them full control over their privacy using blockchain technology. The token saw a slight decline of over 2% last week. However, recent trends indicate a notable recovery, with the token making significant gains over the past 24 hours.
🔥 $TT The total offering now exceeds $7.04 million. #JustLendDAO!
Visit #JustLendDAO: pic.twitter.com/QPFuS0tbXu
-BitTorrent (@BitTorrent) October 10, 2024
Currently, the token’s price is $0.01282, representing a 3% increase over the last 24 hours. Year to date, Beam is up over 208% in value. Additionally, the token’s Relative Strength Index (RSI) is trading above the 50 trendline, signaling bullish momentum and potential for further growth ahead of the weekend.
3. BitTorrent (New) (BTT)
BitTorrent is recognized as the “largest decentralized P2P communications protocol” in the world. The platform recently announced a major upgrade, with plans to cut storage miner rewards in half, from 15 billion BTT to 7.5 billion BTT. This change, which began in June, improved network efficiency and improved node performance.
As a decentralized P2P sharing and torrenting platform, BitTorrent has established itself as a key player in the crypto market. Its popularity continues to grow, with the project seeing a 40% increase in trading volume over the past 24 hours despite a broader market decline.
The native token, BTT, operates on the TRON blockchain according to the TRC-10 standard. Since TRON acquired BitTorrent, the platform has seen more widespread adoption and expanded its use cases by launching various new tools. The $BTT token continues to gain traction in the market after its launch.
🔥 $TT The total offering now exceeds $7.04 million. #JustLendDAO!
Visit #JustLendDAO: pic.twitter.com/QPFuS0tbXu
-BitTorrent (@BitTorrent) October 10, 2024
Last week, BitTorrent maintained a bullish outlook, driven by strong buying pressure at $0.0000009044. This momentum favors the bulls and could continue in the coming days. However, bearish activity could emerge if the recent spot approval of the Ether ETF fails to generate enough enthusiasm in the market.
4. Pepe Unleashed (PEPU)
Pepe Unchained The flexible layer 2 blockchain technology makes it a notable project in the crypto market. This feature allows the platform to provide users with smooth trading experiences. It also helps investors transact in digital assets without worrying about high costs and network delays. This focus on efficiency has garnered positive feedback from crypto enthusiasts.
Additionally, PEPU was strategically developed on the Ethereum blockchain to use layer 2 technology. It enables faster and more cost-effective transactions on top of the efficiency of Ethereum. This makes it the first Pepe-themed token to operate on this blockchain layer. Additionally, the project offers staking functionality, allowing early investors to earn a significant APY well above 117%.
And with that, Pepe Unchained reaches $18.5 million raised.
The community is STRONG. Technology is STRONG. And we are gaining ground every day. 💪 pic.twitter.com/kEzq8lVIge
– Pepe Unchained (@pepe_unchained) October 10, 2024
In the meantime, Pepe unleashed managed to raise more than $18.7 million, highlighting the considerable interest in the project. This early success demonstrates strong investor confidence and suggests substantial return potential. Potential investors are encouraged to participate in the project now at the modest price of $0.00996 before it increases tomorrow.
Visit the Pepe Unchained presale
5. Gala (GALA)
Gala allows developers to create custom tokens, smart contracts, and node networks. This also allows them to seamlessly link their tokens across blockchains like Ethereum and Binance Smart Chain. Its ecosystem thrives on networks of independent nodes, encouraging active community participation.
GalaChain, a layer 1 blockchain, is the foundation of its Web3 ecosystem. Initially focused on Gala’s entertainment sectors (Gala Games, Gala Music and Gala Film), it aims to empower users around the world. GalaChain aspires to become the first blockchain to reach one billion users. It also provides developers with tools like its SDK and Creator Portal to integrate Web3 into their communities.
CertiK recognized Gala as one of the most secure altcoins in the world. Using a Gnosis multisig vault ensures operational security with collective monitoring. Gala also collaborates with leading agencies to maintain governance and compliance.
What is a VPS and why do so many Web3 projects use them? Learn how virtual private servers power decentralized networks, making them scalable and profitable.https://t.co/q1azlpJSCY#web3 #decentralized #VPS
– Gala Games (@GoGalaGames) October 9, 2024
Currently, Gala is priced at $0.021, having increased in value by over 1,000% since its inception. Trading activity increased by 2.3% over the past 24 hours, with the token trading well above its 200-day SMA.
With a 14-day RSI of 44.39, Gala remains in a neutral zone. Its bullish momentum is evident, with 15 green days in the last 30 reflecting a 50% positivity rate. With a 30-day volatility rate of 8% and strong liquidity, Gala shows signs of stability and continued growth.
6. Bonk (BONK)
Bonk made a name for itself as the first dog-themed cryptocurrency on the Solana blockchain. Since its launch, the token has seen a strong rally, posting significant gains in the first quarter. Currently, Bonk is trading at around $0.00002078. Analysts believe that its unique concept could push it towards the $0.001 mark by the end of 2024.
Analysts also remain optimistic about Bonk’s ability to maintain its strong launch momentum. The token’s price trend reflects its resilience, with steady growth fueling investor speculation about its potential to reach $0.01 in the near future. It is trading 3.7% higher than yesterday’s value.
The growing popularity of meme tokens continues to increase the value of Bonk. Built on the Solana blockchain, known for its scalability and speed, Bonk attracts investors looking for faster, more profitable alternatives to Ethereum-based meme tokens.
Currently, Bonk is trading 10,825% higher than the previous year. The token is capitalizing on the bullish sentiment, with a Fear and Greed Index of 70, indicating greed. Bonk has maintained a positive trend, with 26 green days over the past 30 years. The token is trading above its 200-day SMA, with a relative strength index (RSI) of 60, signaling bullish momentum.
Learn more
Most Wanted Crypto Launch – Pepe Unchained
- Layer 2 Coin Ecosystem
- Featured in Cointelegraph
- SolidProof and Coinsult audited
- Faceoff Rewards – pepeunchained.com
- Over $10M Raised at ICO – Ending Soon
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