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An analysis of Terra Luna Classic (LUNC) indicates a potentially favorable risk/reward ratio, attracting the attention of investors looking to capitalize on a potential price rally. With LUNC currently trading near its all-time low, it presents a greater chance of upside gains than further declines.
At the same time, market analysts remain bullish on Bitcoin. They expect the BTC price trend to trigger the next market rally and point to several upcoming events that could play a key role in driving this momentum.
In light of these developments, investors are increasingly looking for affordable cryptocurrencies, especially the best cheap cryptocurrencies to buy under $1 right now.
Top 5 Cheap Cryptocurrencies to Invest in Now Under $1
Polygon has strengthened its ecosystem by integrating Ethereum and several DeFi protocols, driving increased adoption of the network. Trust Wallet, a self-held Web3 wallet provider, has partnered with The Open Network (TON) to support broader blockchain adoption. Meanwhile, the Mega Dice (DICE) presale has gained traction, raising over $1.8 million. EToro agreed to a $1.5 million settlement with the SEC in a separate development.
1. Polygon (MATIC)
Polygon has been strengthening its ecosystem by integrating Ethereum and several DeFi protocols, contributing to the growing adoption of its network. The platform’s native token, POL, has seen a notable price increase following its listing on Binance and the integration of various products.
Polygon Labs also announced the upcoming Ahmedabad hard fork. This update requires node upgrades before block 62,278,656. Polygon (MATIC) is at $0.3824, reflecting a slight decline of 0.12% over the last 24 hours. Despite this, Polygon’s performance remains positive compared to its token’s selling price.
Over the past month, the token has recorded 17 green days, meaning that 57% of tokens closed with prices higher than the opening. The token also enjoys high liquidity due to its market cap. It remains actively traded on Binance. Additionally, its annual inflation rate is negative at -42.99%, signaling a deflationary trend.
ICYMI: This week we highlighted liquidity on Polygon PoS – and what it means for the AggLayer
1️⃣ DeFi: Stablecoin market cap of $1.95 billion
2️⃣ ADR: @FTI_US, @Spiko_finance, @Hamilton_LaneItalian banks jump on the tokenization bandwagon 🚄
3️⃣ @Polymarket & @Courtyard_io bringing…
— Polygon | Aggregate (@0xPolygon) September 14, 2024
The short-term forecast suggests that Polygon’s price could range between $0.38324 and $0.45049 by September 23, 2024. This would represent an increase of 17.55% if it reaches the upper target. For 2024, the forecast indicates that the token could trade in a broader range of $0.38324 to $2.28. This could result in an increase of 495.17% if the upper price target is reached.
2. TRON (TRX)
CoinStats recently added full support for the TRON blockchain. This development aligns with TRON’s growing influence in the blockchain space. The network now holds the second-highest total value locked (TVL) at $8.06 billion, just behind Ethereum. Additionally, TRON’s native token, TRX, has entered the top 10 cryptocurrencies by market cap, reflecting the ecosystem’s growing presence.
Meanwhile, TRON founder Justin Sun has hinted that TRON-based coins are in for an “exciting week,” suggesting that the tokens could perform remarkably well during the current cryptocurrency bull market. His statement comes on the heels of the launch of SunPump, a decentralized platform for fair trading, and the launch of memecoins. Launched on August 13, the platform is positioned as a competitor to Solana’s Pump. Fun, which took 217 days to reach $100 million in revenue.
We are delighted to have @Chain_GPT as Diamond Co-Host of our After Party at #Token2049! ⚡
Will we see you in Singapore? 🇸🇬
📆Wednesday, September 18, from 7:00 p.m. to 11:00 p.m. SGT
Details 👇 pic.twitter.com/hj2xqgDE9e
— TRON DAO (@trondao) September 15, 2024
TRON is trading at $0.14929, up 1.05% in the last 24 hours. The overall sentiment around TRX remains bullish, with 27 technical indicators signaling positive trends. Over the past year, TRX has gained 78%, outperforming 56% of the top 100 crypto assets.
3. Trust Wallet Token (TWT)
Trust Wallet, a self-custodial Web3 wallet provider, recently partnered with The Open Network (TON) to promote the adoption of blockchain technology. This collaboration allows Trust Wallet to leverage Telegram’s large user base, with a focus on strengthening its presence in the gaming finance (GameFi) and decentralized applications (DApps) space.
TWT is trading at $0.953174, up 2.11% in the last 24 hours. Over the past year, its price has increased by 18%, with 60% of the last 30 days showing green days, where the daily closing price was higher than the opening price. The token is trading near its cyclical high and has strong liquidity relative to its market cap.
The program of our #TrustWallet7 The crypto carnival is now online, we can’t wait to celebrate it with you all! 💙🎉
Dedications to 📣@1 inch @CoinMarketCap @moonpay @etherlink @BaanxGroup @AstherusHub @Foresight_News @BlockTempo @beincrypto @Cointelegraph
📆September 19; Singapore 🇸🇬👇 pic.twitter.com/Yx2JWCYUVg
— Trust Wallet (@TrustWallet) September 11, 2024
Forecasts indicate that TWT could rise by 50.43% to $1.440814 by October 15, 2024. This projection is based on technical indicators showing a neutral market sentiment, with 20 signals suggesting a bullish trend. Over the past month, TWT/USD has climbed by 11.63%, while its one-year performance stands at 16.84%.
4. Sei (SEI)
The SEI is currently exhibiting a bullish reversal structure on the daily chart, with the price facing a key weekly resistance level at $0.3160. There are some signs that this resistance could soon be broken, leading to a potential uptrend. A vertical accumulation is also visible on the H1 chart, and a triple bottom pattern has formed on the daily chart, further suggesting bullish momentum.
Currently trading at $0.305091, SEI is up 1.88% in the last 24 hours and has gained 123% over the past year. It has outperformed 67% of the top 100 cryptocurrencies during this period. Market sentiment for SEI remains neutral, but 17 technical indicators are signaling bullish signals. The coin is in a strong position with high liquidity relative to its market cap.
According to the analysis, SEI price could range between $0.314025 and $0.432078 over the next week, with a potential increase of 37.59% if it hits the higher price target by September 23, 2024.
Well deserved weekend, Sei Community.
Thank you for helping us elevate the ecosystem to new heights this week! 🏋️♂️ pic.twitter.com/oomNpTCP6X
— Sei 🔴💨 (@SeiNetwork) September 13, 2024
Furthermore, the forecast for the remainder of 2024 indicates that SEI could trade between $0.314025 and $1.502707, with the upper limit representing a gain of 394.33%. These projections suggest that SEI has room for growth in the short to medium term. However, its performance will depend on the ability to break through key resistance levels.
5. Mega Dice ($DICE)
The pre-sale is underway for Mega Dice (DICE) has seen growing interest, raising over $1.8 million. A recent $20,000 investment from a whale has contributed to this momentum, bringing the project closer to its $2 million goal. With a token price of $0.116056, further increases are expected as the September 29 pre-sale deadline approaches, which has been extended by one week.
Mega Dice’s success is partly due to its well-established presence in the cryptocurrency gambling industry. Running on the Solana blockchain, the platform has 10,000 active users and a monthly betting volume of $50 million, which positions it favorably compared to its competitors. It is worth noting that a platform with such a solid foundation is holding a pre-sale, which sets it apart from other projects.
The platform also offers staking opportunities, with over 7 million tokens currently staked for an annual yield of 296.5%. Additionally, 28% of the total supply is locked. Mega Dice has rolled out various initiatives to engage users, including a “Refer & Earn” program and a $2.25 million airdrop campaign, split into three phases. Token holders enjoy staking rewards tied to casino revenue, further enhancing its appeal.
BREAK: $DICE Presale extended by one more week! 🚨
You heard right: the $DICE presale has been extended until September 29th at 8pm CET!
This is your last chance to participate in the first #GameFi token on Solana before trading is launched! 🚀Buy now: 🚀
🗓️… pic.twitter.com/jIpIskAMpM
– Mega Dice Casino (@megadice) September 13, 2024
Additionally, the platform offers exclusive NFTs to VIP players, and its 25% referral fee incentivizes users to participate. Another handy feature is access to the platform via Telegram, allowing users to connect their TON wallets via a bot.
Mega Dice is generating significant interest due to its established presence, strong user base, and diverse engagement strategies. With strong support and additional incentives, the pre-sale appears to be gaining momentum as it nears its conclusion.
Visit the Mega Dice pre-sale
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