Blockchain

8 Best Cheap Crypto to Buy Now Under 1 Dollar December 31

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Budget-friendly options can entice investors interested in tokens without breaking the bank. With numerous cryptocurrencies under the $1 mark, there are many choices for potential investment. As such, affordable cryptocurrencies offer several opportunities for exploration and potential growth.

8 Best Cheap Crypto to Buy Now Under 1 Dollar

The performance of the cryptocurrency market in 2023 has drawn significant attention. Several tokens have witnessed developments and growth observed throughout the year. An analysis of CoinMarketCap.com data reveals an upswing in the value of all listed cryptocurrencies, exhibiting a notable 115% year-to-date increase.

1. Ontology (ONT)

Ontology’s recent price performance suggests an optimistic sentiment. This aligns with a Fear & Greed Index, indicating a moderate level of greed at 67. Over the past year, Ontology has shown considerable growth. Hence, it marked a 93% increase and outperformed half of the top 100 crypto assets during this period.

Technically, Ontology trades above its 200-day simple moving average, often indicating a positive trend. Moreover, the frequency of green days in the last month, accounting for 63%, further supports this trend. Liquidity-wise, Ontology appears robust, given its market capitalization, indicating favorable trading conditions.

Furthermore, analyst projections provide a range of potential outcomes. The most optimistic target sets the price at $0.4959, suggesting a substantial upside of 108.02% from the current market price. 

2. Oasis Network (ROSE)

The Oasis Network closes the year with an impressive market performance. Presently, sentiment analysis indicates a bullish outlook for price prediction. This coincides with a Fear & Greed Index registering at 67, showing a state of greed among investors.

ROSE PRICE CHART

Regarding its token metrics, the current circulating supply is 6.71 billion ROSE out of a maximum supply of 10 billion ROSE. An inflation rate of 17.25% per year has created 987.88 million ROSE in the past year. 

Some key highlights of the network’s performance include a 312% increase in price over the last year. Also, it is consistently trading above the 200-day simple moving average. Additionally, it has shown 15 green days within the last 30, accounting for 50% of the observed period. 

3. Enjin Coin (ENJ)

Enjin Coin has recently exhibited a mildly bullish trend, hinting at the potential for new swing highs in the upcoming month. This surge was driven by a series of higher high swings, propelling the coin to a six-month peak. However, the crucial aspect to observe is how the price will respond within the supply zone, which could influence its trajectory.

ENJ PRICE CHART

Meanwhile, market sentiment leans towards bullishness in Enjin Coin’s price prediction. In addition, the Fear & Greed Index registers at 67, indicating a state of greed within the market. 

Notably, the coin has seen 20 green days within 30 days. Therefore, this accounts for a 67% positive trend, signifying robust market activity. Also, Enjin Coin boasts high liquidity attributed to its market cap, enhancing its trading accessibility.

4. Centrifuge (CFG)

Centrifuge recently unveiled multiple updates as it concludes 2023, setting a strong trajectory for the upcoming year. Notably, CFG’s real-world assets are now accessible directly on Arbitrum, Base, Celo, and Ethereum. Moreover, this expansion follows their ‘Centrifuge Everywhere’ strategy introduced at the Real-World Asset Summit in New York. 

CGF PRICE CHART

Facilitated by Axelar, this strategy allows investors to engage with Centrifuge pools without switching chains. Therefore, it offers enhanced accessibility across multiple networks. Robust fundamentals and significant support from the crypto community underpin the Centrifuge’s momentum. 

Hence, this suggests promising prospects for its future growth. Projections speculate on the potential for the CFG Coin to exceed $0.92 in value by 2024. This is particularly true if Centrifuge announces collaborations with other networks. 

5. NEM (XEM)

NEM has shown performance metrics that caught the market’s eye. Over the past year, its price has risen by 37%, trading above its 200-day simple moving average. With 18 positive trading days out of the last 30, XEM has a 60% positive trend. Moreover, the token displays a robust market cap, ensuring high liquidity and placing it on a favorable trajectory.

XEM PRICE CHART

Further, the sentiment surrounding NEM’s price prediction leans towards bullishness, coinciding with a Greed Index of 67. This sentiment is supported by the project’s strong fundamentals and a dedicated crypto community backing it.

Moreover, there’s speculation that potential collaborations with other networks might further elevate the XEM Coin’s value. Predictions suggest that if such partnerships materialize, the coin could surpass its previous cycle high of $0.044264. This could reach a maximum price of around $0.109 by 2024.

6. The Graph (GRT)

From a technical analysis perspective, The Graph trades above its 200-day simple moving average, indicating a positive trend. Moreover, its price remains higher than during its initial token sale, reflecting a positive trajectory.

GRT PRICE CHART

In the short term, the coin has experienced 18 positive price movements out of 30 days. This constitutes a 60% positive performance rate for the token. Additionally, the project boasts high liquidity based on its market capitalization.

Current sentiments toward The Graph are bullish, coinciding with a Fear & Greed Index of 67, signifying investor optimism. Furthermore, analysts suggest that potential collaborations with other networks could propel the maximum price of GRT beyond $0.430 by 2024. 

7. Bitcoin Minetrix (BTCMTX)

Bitcoin Minetrix introduces a novel approach in the cryptocurrency realm. Therefore, it allows users to stake BTCMTX tokens for cloud mining credits. The project aims to decentralize control and ensure a secure, transparent mining experience for token holders.

The Bitcoin Minetrix staking pool has drawn significant interest, with over 400,000 BTCMTX tokens currently locked in staking. The project claims to provide an annual percentage yield (APY) of 103,225%.

Despite its early developmental stage, Bitcoin Minetrix has experienced notable traction. As such, it has emerged as one of the top gainers in the crypto space. Furthermore, this growth is supported by a successful ongoing BTCMTX presale, generating over $6,959,712 by selling tokens at $0.0125 per token.

8. Conflux Network (CFX)

Safeheron has recently integrated with Conflux, enabling users to securely access the Conflux Network to manage assets and facilitate transfers. This integration prioritizes security and efficiency, aiming to streamline asset allocations for Safeheron customers on the Conflux platform.

CFX PRICE CHART

Furthermore, Conflux Network caters specifically to dApps requiring rapid scalability. Therefore, this collaboration seamlessly connects institutional users with Conflux, allowing them to create MPC wallets supporting Conflux tokens. 

Analyzing the market sentiment, Conflux Network currently shows a bullish price prediction sentiment. The Fear & Greed Index stands at 67 (Greed). In addition, it has witnessed 15 positive trading days out of the last 30, reflecting 50% positivity. Its high liquidity based on market capitalization is also notable.

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