Join our Telegram channel to stay up to date with the news
The arrest of Telegram founder Pavel Durov took the crypto community by surprise. It may also have contributed to the massive decline of Toncoin, the cryptocurrency associated with the social media platform.
Apart from the unforeseen situation, the outlook for the cryptocurrency market seems stable. The fear/greed index has increased to 56 today. This indicates that investors are becoming more optimistic about the potential of the cryptocurrency market. Thus, today’s article explores the Top 7 Cheap Cryptocurrencies to Invest in Now Under $1.
Top 7 Cheap Cryptocurrencies to Invest in Now Under $1
It highlights the price data of each token and provides context on the factors that determine their performance. The article also covers details of popular projects that investors should include in their watchlist for future opportunities. The DICE token is one such example.
1. Holo (HOT)
Holo is a peer-to-peer platform that offers creators the ability to build and host decentralized applications. It uses Holochain as the environment in which dAPPs are launched and hosted.
According to its website, the goal is to bridge the gap between the internet and blockchain. Its main goal is to ensure that projects built on Holochain communicate seamlessly with other Web 2 chains and platforms.
HOT is currently the native cryptocurrency platform and is one of the best performing altcoins today. In the last 24 hours, ALT has seen a price increase of over 15%, making it one of the biggest gainers in the market. It is also recording.
Watch the latest launch briefing again for some key insights like: “Holo is a hybrid of services… about connecting P2P to today’s systems that empower people to act without a business being in the middle of the financial transaction.” pic.twitter.com/IfiOrltiNl
— Holo (@H_O_L_O_) August 24, 2024
There appears to be communication with other chains, and the goal of Holo is to serve as a bridge between the broader internet and applications built using Holochain, providing an ecosystem and marketplace in which DApps are easily accessible, as they are hosted on the internet by Holo network participants.
2. SAT (1000SAT)
SATS, also known as 1000SATS, is one of the first projects built on the BRC-20 ordinal platform. BRC-20 stands for Bitcoin Request for Comment. It uses similar standards to Ethereum’s ERC-20, allowing creators to launch NFT-related projects within the BTC ecosystem.
SAT is the largest project on the BRC-20 network, with a market cap of $850 million, according to recent prices. Its trading volume is also the largest in the sector, as it currently generates $157 million in intraday trading volume.
The SATS price has increased by over 10% in the last 24 hours, thanks to the improved performance of BTC. The token’s price moves in tandem with BTC’s price action. Wherever BTC experiences positive price action, 1000SATS often experiences upward price movement as well.
Therefore, investors looking to capitalize on the ordinal market should consider SATS. It has a price of $0.00039 today and ranks 76th on CoinMarketCap based on its recent market capitalization. It is possible that a further price increase could help the token reach the $1 billion price level before the end of the next quarter.
3. Gala (GALA)
Gala is the native cryptocurrency of the Gala Chain. The chain is designed to power the entertainment ecosystem that bears the same name, Gala. According to the project’s website, the company offers a range of entertainment products and services, which include Gala Music and Gala Games. It also offers movies and other cinema-related content.
Overall, Gala token is one of the best performing tokens in the niche. The recent market outlook for the token has been quite positive. Over the past seven days, Gala has accumulated an overall price increase of about 20%. Today’s gains reached over 10%. An increase in trading volume has also been recorded due to the overall improvement in the market.
Dive into the future of web3 gaming with $TREZ! 🌟 Our new token is about to revolutionize Telegram mini-app games in the Gala ecosystem with exciting rewards and incentives. Stay tuned for more! #GalaGames #Web3 #BlockchainGaming #TONblockchain
Play the musical piece 👉…
— Gala Games (@GoGalaGames) August 23, 2024
A technical analysis of its price action shows that GALA is poised for a larger upside. Investors monitoring the token may find an opportunity to capitalize on the short-term price movement in the coming weeks. The token’s price is approaching a critical support level, indicating that a potential reversal could extend into the end of the quarter.
4. AMP (AMP)
DeFi is one of the key sectors of the cryptocurrency market, and lending services are driving the sector forward. Thus, assets like AMP play a key role in the sector. AMP is an open-source and decentralized project, according to the project’s website. It provides collateral as a service. This means that it offers verifiable insurance services for the transfer of value.
At press time, the project reportedly has a circulating supply of 80,722,574,661 AMP, which is over 90% of its total supply. It also has a market valuation of $360 million, calculated from its current price. AMP has made intraday gains of 14% over the last 24 hours.
Overall, the token’s potential for further gains is quite high, given that DeFi assets have been bullish lately. On the other hand, its trading volume is just as high today, and intraday data shows a 280% increase in trading volume.
AMP’s overall performance improvement puts it on track to become one of Solana’s best-performing assets. Investors should keep the token on their watchlist to track its progress throughout the coming month and quarter.
5. Mega Dice (DICE)
In addition to the ongoing airdrop opportunity, Mega Dice is offering a new deal to the crypto community. Today’s post on the project’s official Twitter page highlighted a chance to pocket 2,000 USDT.
The platform is the brains behind the upcoming popular cryptocurrency, the DICE token. It recently went on pre-sale with the aim of building an active community for the project. So far, it has received an impressive reception in the cryptocurrency market and has raised over $1.7 million.
Do you like Live Casino? We are here for you!
Join the Mega Dice Live Casino Sunday Tournament 🎲
Enter for a chance to win a share of the massive 2,000 USDT prize pool 💰
Join us here👇 pic.twitter.com/WUNlDBQcOp
– Mega Dice Casino (@megadice) August 25, 2024
The price of DICE at the time of writing is $0.110529. Investors still have the opportunity to participate in the presale before the token launches. Buying in the presale gives investors the opportunity to stake their purchased token before listing. It also gives inventors the opportunity to join the revenue sharing program through referrals.
Mega Dice offers a 25% share to investors who refer others to the DICE token presale. Details of the referral program and how to purchase the DICE token can be found on the DiCE website.
Visit the Mega Dice pre-sale
6. Bonk (BONK)
Bonk offers a short-term investment opportunity for investors who want to profit from its price rally. Although its price-boosting days are seemingly behind it, it offers a momentary chance for intermittent gains.
Over the past 24 hours, BONK price has increased by over 10% with a trading volume of around $216.56 million. Its intraday trading volume accounts for around 14% of its market capitalization. The rate of movement of BONK in the market reveals a sustained interest in the token.
BONK is generally described as the first dog-themed token on the Solana blockchain. It rose to fame after reaching a market cap of $1 billion within a few weeks of its launch. The market euphoria surrounding its launch contributed immensely to the token’s potential.
As the cryptocurrency market heads towards a price recovery and improving investor sentiment, BONK and related assets are also said to perform better.
7. Beercoin (BEER)
Beercoin tops the list of the best crypto tokens to watch in the last 24 hours as it posts gains of around 50% in the previous 24 hours. As the name suggests, the project aims to create a fun-oriented environment in which degenerate investors can interact and thrive.
BEER is one of the emerging meme coins on the Solana chain, with a maverick sentiment. A substantial increase in trading volume accompanies its growing gains. Intraday market data compiled from CoinMarketCap shows that Beercoin’s total transactions today are more than 175% higher than yesterday’s.
Additionally, the project takes a new approach to community projects. Unlike previous tokens, BEER claims that it has no control over DEV and that the community holds full control and decision-making power over the project. Investors can study the token’s price performance and market outlook to find potential opportunities.
Learn more
PlayDoge (PLAY) – The Latest ICO on the BNB Chain
- Virtual Pet Dog 2D
- Play to win Meme Coin Fusion
- Staking and In-Game Token Rewards
- SolidProof Audit – playdoge.io
Join our Telegram channel to stay up to date with the news