Blockchain

6 Best Cheap Crypto to Buy Now Under 1 Dollar in October 2023

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Discover the top 6 affordable cryptocurrencies under $1 to invest in this October 2023 as the cryptocurrency market experiences a rally.

The latest cryptocurrency market update shows that global capitalization is approximately $1.28 trillion, reflecting a 2.49% intraday increase. This modest uptick indicates some level of market activity during this time frame.

The volume in the Decentralized Finance (DeFi) sector is particularly interesting, currently at $4.6 billion, which constitutes 8.88% of the total crypto market 24-hour volume. This data underscores the continued presence of DeFi within the broader cryptocurrency landscape.

6 Best Cheap Crypto to Buy Now Under 1 Dollar

The cryptocurrency market has experienced a slight increase in global market capitalization while decreasing trading volume over the last 24 hours. DeFi and stable coins continue to play important roles within the market. Furthermore, Bitcoin’s dominance has slightly declined, which could interest market observers.

1. Pepe Coin (PEPE)

PEPE token has exhibited resilience in the cryptocurrency market by overcoming Bitcoin’s prevailing trends over the past 48 hours. This surge in value, a notable 31%, follows a significant token burn operation. The token burn removed about 6.9 trillion tokens, equivalent to approximately $5.5 million, from circulation. 

PEPE, known for its distinctive frog-themed branding, is trading at a two-month high following this development. The token burn immediately positively impacted PEPE’s price and addressed concerns about managing the project’s token holdings. Currently, the Pepe team holds around 3.79 trillion tokens valued at approximately $3.72 million.

In an official statement posted on the Pepe X page, the team has announced the recruitment of new advisors. These recruits will be pivotal in guiding the meme coin’s future. 

Initially established as a meme-inspired digital asset, PEPE has gradually expanded its use cases. With these recent changes in management and the reduction in token supply, the project is gearing up for further development and strategic partnerships.

2. Oasis Network (ROSE)

The Oasis Network (ROSE) is a digital asset that has attracted attention in the cryptocurrency market since its launch. It has shown substantial value growth, offering returns to early investors throughout 2021. 

ROSE PRICE CHART

Moreover, the Oasis Network positions itself as a web3 platform focusing on scaling and evolving from its initial stages to maturity. Backed by significant industry support, Oasis recently introduced a $235 million Ecosystem Fund to encourage projects to build on its network. 

Oasis Labs, a key technical contributor to the ecosystem, has partnered with notable entities such as Meta and BMW Group Genetica. The aim is to create platforms and products prioritizing individual privacy protection, data governance, and responsible data usage.

The potential for the ROSE Coin to reach new heights is driven by the increasing demand for blockchain-based solutions and enhanced privacy features. The growing user base, ongoing partnerships, and improved security measures further reinforce this potential.

According to a price prediction, the ROSE Coin could reach a maximum price level of approximately $0.26 by the end of 2023. However, if the cryptocurrency market follows its anticipated trajectory, the average price is estimated to be around $0.14.

3. Launchpad XYZ (LPX)

Launchpad XYZ has attracted attention in the cryptocurrency trading community for its goal of reshaping decision-making in Web 3.0 through a data-rich dashboard. Its native token, LPX, carries a range of benefits for users staking a minimum of 10,000 LPX tokens. These benefits also include reduced trading fees on their decentralized exchange. 

Furthermore, an 11% bonus is available for LPX token purchases, but this offer has a limited duration. Also, users gain access to various features, depending on the amount of LPX tokens purchased. 

Starting at the Basic Level with a $50 purchase, users receive a weekly market summary email and access to the Basic Telegram channel. The NFT Pass Levels offer increased access and insights for more extensive benefits, with the Vitalik Level requiring a $5,000 investment. Thus providing the most comprehensive offerings, including access to VIP channels and weekly trade insights.

Moreover, users enjoy advantages like competitive prices on new NFT mints and early access to exclusive presales. Likewise, users can enjoy discounts with Launchpad XYZ partners and an early peek at play-to-earn games in beta mode. These features provide valuable tools for making informed investment decisions in cryptocurrency.

4. Arbitrum (ARB)

Arbitrum Orbit has recently incorporated Celestia into its ecosystem, marking a significant shift in its approach to data management. ARB has demonstrated remarkable growth, amassing a substantial Total Value Locked (TVL) of $1.82 billion. It currently supports approximately 470 decentralized applications (dApps) on its robust network.

ARB PRICE CHART

Moreover, integrating Celestia, a modular data availability layer, into Arbitrum’s Nitro stack creates new avenues for projects built using Arbitrum Orbit. This partnership provides these projects with the flexibility to disseminate data through Celestia. 

Also, this integration eliminates the need for developers to establish their data availability committee (DAC). Similarly, users don’t need to rely on a small consortium of validators for temporary data storage.

Celestia’s focus on modularity ensures seamless integration into the Nitro stack and facilitates fraud-proof mechanisms. Furthermore, the platform offers crypto-economic security and efficient scaling through data availability sampling (DAS). This approach is designed to ensure secure scaling proportionate to user growth.

ARB price predictions suggest a maximum price of $20.06 as the crypto market recovers, with the average price expected to reach around $17.75. However, a major bearish trend in the crypto market could see the token’s value dip to a minimum price of $15.34.

5. Dogecoin (DOGE)

Dogecoin has experienced a substantial price surge of more than 21% over the past seven days, trading at approximately $0.07126. The average intraday trading volume has also seen a notable increase of around 47%, reaching roughly $718 million.

DOGE PRICE CHART

Despite various competitors’ emergence, Dogecoin has maintained its status as the leading meme coin. This resilience is largely attributed to the consistent support it receives from tech billionaire Elon Musk. Hence, the prevailing expectation is that Dogecoin’s price may significantly rally toward its all-time high (ATH) in the coming months.

Furthermore, analysts suggest that Dogecoin may reach a value of $1 during the first half of 2024. However, traders must approach this cautiously, as the cryptocurrency market is volatile.

Elon Musk’s unwavering endorsement of Dogecoin has been a driving force behind its popularity. The Dogecoin community eagerly anticipates its integration as a form of payment on the X platform. 

In the meantime, the Dogecoin network has processed over 173,000 transactions. It boasts nearly 6 million non-zero addresses, highlighting its robust user base and potential for further growth.

6. IOTA (MIOTA)

IOTA 2.0 recently introduced an innovative approach to network security through its Validator system. This system relies on a group of individuals who play a pivotal role in maintaining the integrity and security of the IOTA ecosystem.

The Validators within IOTA 2.0 are central to its consensus mechanism and tasked with essential responsibilities. They validate transactions, resolve double-spending issues, determine the inclusion of blocks, and finalize slot commitments.

MIOTA PRICE CHART

Furthermore, validators contribute significantly to network security by thwarting double-spending attempts and ensuring the integrity of the consensus. The decisions these committees make are relied upon by all nodes in the network, fostering trust in the system.

Moreover, IOTA 2.0 aligns with the principles of decentralized democracy, enabling a larger number of nodes to participate without imposing a minimum stake requirement. Users can also delegate their stake to trusted validators, further enhancing the democratic validation process.

Predictions suggest that the maximum price of MIOTA may hover around $0.465 as the overall crypto market regains its value. Also, an average price prediction of $0.410 is anticipated. However, bearish trends in the crypto market can lead to a minimum price projection of $0.355 by 2023.

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