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The Japanese Financial Services Agency (FSA) has clarified that non-custodial wallet services using authentication technology do not fall under the category of crypto asset trading businesses. Meanwhile, Bitcoin (BTC), the largest cryptocurrency by market capitalization, could see a rebound in October despite a weak start to the month. Three indicators suggest a potential upward trend. Currently, the price of BTC is $62,311.60, reflecting a 0.6% decline over the past 24 hours but a 1% increase over the past week.
Historically, October has proven to be a favorable month for Bitcoin. Given these developments, investors are looking for affordable tokens, especially best cheap crypto to buy now under 1 dollarto take advantage of rising prices.
6 Best Cheap Cryptos to Buy Now Under $1
According to crypto analyst Captain Faibik, Fantom (FTM) could be preparing for a potential uptrend. Meanwhile, Shiba Inu (SHIB) has recovered strongly after an unexpected price drop over the past 24 hours.
Starknet also made significant progress by launching STRK staking on its Sepolia testnet, a key step toward decentralization and stronger security. Dogecoin has seen a notable recent move, valued at $0.109319, with an increase of 1.73% over the past 24 hours. In addition, FTX was allowed to reimburse almost all of its clients for 119% of their authorized bankruptcy petitions.
1. Ghost (FTM)
Fantom (FTM) has shown signs of a potential upward move, according to an analysis by crypto analyst Captain Faibik. The token, which had been trading in a descending wedge pattern for several months, recently broke through a key resistance level, suggesting a change in momentum.
Captain Faibik’s chart analysis indicates that the breakout of this wedge formation could signal a reversal of the previous downtrend. Generally, this trend suggests that selling pressure has weakened, allowing buying activity to take over. The breakout occurred when FTM price rose above the upper limit of the wedge, a sign that buyers are taking control.
This development could represent a turning point for Fantom, which has been trading in a tight range for some time. With the resistance level now surpassed, the outlook for the token appears more positive. The analyst identified a target price range of $1.60 to $1.70, a notable increase from current levels.
Although the chart suggests bullish momentum, the potential rally is not guaranteed. However, the token could soon reach the predicted price zone if the buying pressure continues.
2. Shiba Inu (SHIB)
Shiba Inu (SHIB) has seen a notable recovery after an unexpected price drop over the past 24 hours. The coin itself is showing signs of improvement, with growth indicators, including burn rate, increasing. The burn rate increased by more than 455%, indicating a reset of key project indicators.
After a recent decline, SHIB is trying to recoup its previous losses. At the time of writing, the token gained 1.68%, bringing its price to $0.00001765. It also managed to break through its previous resistance level of $0.0000174, which now serves as support. This change could signal a potential price rebound.
The increase in combustion rate is also significant. Around 2,903,600 SHIB tokens were sent to dead wallets, bringing the total number burned to over 410 trillion. Meanwhile, approximately 583 trillion SHIB remains in circulation.
For investors, this reset is an important development to watch as it may reflect the health of the Shiba Inu ecosystem. Continued improvement in these metrics could lead to more investments in the token, which could soon increase its value.
3. Starknet (STRK)
Starknet’s recent introduction of STRK staking on its Sepolia testnet marks an important step toward decentralization and enhanced security. As the first Layer 2 network to implement STRK staking, the move aims to refine the process before launching on mainnet.
During this testnet phase, the requirements will allow for broader participation to test the staking contract. The minimum stake amount is only 1 STRK, which is in stark contrast to the 20,000 STRK required on mainnet. Additionally, the no-queue blocking period is only 5 minutes, compared to 21 days on the mainnet. These adjustments encourage users to actively participate and test the system under different conditions.
STRK staking is now live on Starknet Sepolia!
As the first L2 to introduce STRK staking, we are accelerating our efforts to make Starknet a fully decentralized and more secure network.
During this testnet phase, staking requirements allow more participants to test our… pic.twitter.com/bNHy19Fe9e
– Starknet 🐺🐱 (@Starknet) October 8, 2024
If the test is successful, STRK staking will go live on mainnet in the coming weeks. The current price of STRK is $0.39012, reflecting an increase of 0.84% over the past 24 hours. The asset has recently shown positive performance, with 15 green days (where the daily close exceeded the daily open) out of the previous 30, which equates to 50% of the month. Additionally, its market capitalization is very liquid.
4. Dogecoin (DOGE)
Dogecoin has shown notable movement lately. Its price is $0.109319 and has increased by 1.73% in the last 24 hours. Over the past year, DOGE has seen a significant increase of 85%, outperforming 57% of the top 100 cryptocurrencies during the same period. This indicates relatively strong performance compared to other assets.
Over the past 30 days, Dogecoin has closed above its daily opening price on 16 occasions, accounting for 53% of the time, suggesting consistent price activity. Additionally, the coin enjoys high liquidity relative to its market capitalization, making it easier to trade.
In the short term, forecasts for next week suggest a potential decline. The forecast ranges between $0.107916 and $0.096179 by October 21, 2024. If DOGE reaches the upper estimate, it would represent a decline of 10.88%.
5. Pepe Unleashed (PEPU)
Pepe unleashed (PEPU) has attracted considerable attention in the crypto space, recently surpassing $18 million in its pre-sale phase. As a decentralized exchange (DEX) listing approaches, the project is offering more than typical coin hype, by introducing a custom Layer 2 network called “Pepe Chain.”
This technology aims to improve meme coin trading by offering faster transaction speeds and lower fees than traditional blockchains like Ethereum. Pepe Chain’s focus on meme coins differentiates it from broader Layer 2 networks like Arbitrum and Optimism.
In addition to faster transactions, Pepe Unchained offers a staking option for its native PEPU token, promising potential returns of 121% per year. This adds extra incentive for holders, attracting those interested in passive income.
WOAH!
$18 million raised! Pepe Unchained STEALS. Big things on the horizon. pic.twitter.com/U1C41xkuqD
– Pepe Unchained (@pepe_unchained) October 8, 2024
The presale was a success, with tokens priced at $0.00994 increasing as it progressed. Pepe Unchained developers have allocated 7.5% of the token supply to liquidity, positioning it for a stable DEX listing once the presale ends. Pepe unleashed generated interest by focusing on meme coins and Layer-2 technology.
Visit the Pepe Unchained presale
6. JasmyCoin (JASMY)
Jasmy (JASMY) experienced a slight price increase. It is valued at $0.019086 and has gained 0.12% in the last 24 hours. Over the past year, Jasmy has seen significant growth, increasing by 496%. This performance places it ahead of 89% of the top 100 cryptocurrencies and surpasses Bitcoin and Ethereum over the same period.
Technically, Jasmy is trading above its 200-day simple moving average (SMA), with a notable increase of 306.94% from the SMA value of $0.00469. This indicates strong momentum, supported by its liquidity relative to its market capitalization. Jasmy is available on Binance, one of the largest cryptocurrency exchanges, and maintains a low annual inflation rate of 0.74%.
Looking ahead, price predictions for Jasmy this week suggest that it could fluctuate between $0.019109 and $0.024848, with a potential increase of up to 30.03% by October 14, 2024, if it reaches the upper price target. For next week, projections indicate a range of $0.024848 to $0.029317, with a possible rise of 17.99% by October 21, 2024.
Learn more
Most Wanted Crypto Launch – Pepe Unchained
- Layer 2 Coin Ecosystem
- Featured in Cointelegraph
- SolidProof and Coinsult audited
- Faceoff Rewards – pepeunchained.com
- Over $10 Million Raised at ICO – Ending Soon
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