Blockchain

8 Best Cheap Crypto to Buy Now Under 1 Dollar December 6

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Over the past 24 hours, the total trading volume within the crypto market amounted to $94.06 billion, indicating a substantial surge of 45.67%. The decentralized finance (DeFi) sector contributed $9.58 billion within this volume, representing 10.19% of the entire market’s 24-hour volume.

8 Best Cheap Crypto to Buy Now Under 1 Dollar

Bitcoin, the leading cryptocurrency, currently maintains a dominance of 53.75%, marking a 0.49% increase over the day. This metric showcases Bitcoin’s relative strength and influence within the broader crypto landscape. These metrics, including market cap, trading volume, and dominance, provide insights into the ongoing dynamics and trends within the cryptocurrency space. 

1. Dogecoin (DOGE)

In recent weeks, Dogecoin (DOGE) has shown a notable surge in momentum within the broader crypto market. From late November, the coin displayed a significant rebound, rising from a support level of $0.07 to a high of $0.106. 

This rise has seen DOGE strike a 48.8% increase. This surge is noteworthy as it signals Dogecoin breaking out of a year-long accumulation phase, marking an early indication of a shift in its trend.

As the market aims toward recovery, Dogecoin notably broke out from a resistance trendline of a symmetrical triangle pattern on December 2nd. This pattern, characterized by price oscillation between two converging trendlines, often hints at upcoming shifts in trend direction.

Furthermore, the breakout led to a price surge to a 7-month high of $0.105. This coincided with Dogecoin’s 10th anniversary, experiencing an additional 13% surge, challenging the overhead resistance.

2. eCash (XEC)

Over the past year, the price of eCash (XEC) has shown a notable increase of 20%. Additionally, it’s currently trading above its 200-day simple moving average, indicating a sustained positive trend. In the last 30 days, the coin experienced 15 green days, accounting for 50% of the observed period.

XEC Price Chart

The coin boasts high liquidity, evidenced by its market capitalization. Presently, it holds the 44th position in the Layer 1 sector based on market cap. Furthermore, the yearly inflation rate stands at 1.75%.

Moreover, market sentiment towards eCash (XEC) is currently bullish. At the same time, the Fear & Greed Index signals a value of 72, reflecting greed in the market sentiment. The circulating supply of eCash stands at 19.57 trillion XEC out of a maximum supply of 21.00 trillion XEC. In the past year, 335.75 billion XEC were created, aligning with the 1.75% yearly supply inflation rate.

3. Mantle (MNT)

The launch of Mantle LSP witnessed a rapid accumulation of value through its mETH token within 24 hours. The coin is nearing a Total Value Locked (TVL) of $100 million. This growth coincided with several new protocols offering native yields, such as Pacman’s Blast, designed for ETH and stablecoins.

MNT Price Chart

Market sentiment appears bullish towards Mantle, while the Fear & Greed Index registers a 72 (Greed), reflecting overall positive market sentiments. Mantle holds a circulating supply of 3.13 billion MNT out of a maximum supply of 6.22 billion MNT. 

Notably, it ranks 11th in the Ethereum (ERC20) Tokens sector. It holds the 3rd position in the Layer 2 sector regarding market capitalization. MNT’s highlights include many green days over the last 30 days (57%). Plus, it is trading near its all-time high, maintaining high liquidity relative to its market cap.

4. Cardano (ADA)

Cardano’s native cryptocurrency, ADA, recently experienced a significant surge. This surge augmented ADA’s market capitalization by $1 billion in just 24 hours. According to CoinMarketCap rankings, its market cap now is approximately $15.42 billion. Therefore, it secured its position as the eighth-largest cryptocurrency globally.

ADA Price Chart

This surge in ADA’s market cap can be attributed to a notable increase in its price. As such, the token grew over 5% from its daily low to a peak of $0.434. Consequently, ADA’s trading volume soared by more than 100%, reaching $750 million, marking a substantial increase.

The sentiment around Cardano’s price prediction currently leans towards a bullish trend. Additionally, the Fear & Greed Index indicates a value of 72, signifying a sentiment of “Greed” in the market.

5. The Graph (GRT)

The Graph (GRT) has exhibited notable price movements in the past year, experiencing a significant 149% increase in its price. This surge positions it favorably, outperforming 82% of the top 100 crypto assets during this period. 

GRT Price Chart

Furthermore, it’s noteworthy that the current trading price stands above the 200-day simple moving average, indicating a positive trend. Over the last 30 days, The Graph has seen 15 green days. This accounted for 50% of the observed period, reflecting a balanced performance.

Analyzing market sentiment, the current outlook for The Graph appears bullish. This sentiment is complemented by a Fear & Greed Index of 72, indicating moderate investor greed.

6. Hedera (HBAR)

Hedera Hashgraph, currently priced at $ 0.067965 with a market cap of $ 1.01B, has witnessed a substantial 40% price increase in the last year. This surge positions it favorably compared to 58% of the top 100 crypto assets over the same period.

HBAR Price Chart

Technically, it’s trading above the 200-day simple moving average, signaling a positive trend. In the past 30 days, it experienced 15 green days, representing a 50% positive trading trend. This, coupled with its high liquidity based on market capitalization, underscores its stability within the crypto market.

The coin’s recent performance has shown promise, with a 4.63% increase in the last 24 hours. Furthermore, Hedera has a circulating supply of 14.83B HBAR out of a maximum supply of 50.00B HBAR. Its market cap ranks it at #12 in the Proof-of-Stake Coins sector and #31 in the Layer 1 sector.

7. Chiliz (CHZ)

Chiliz, a prominent NFT token, exhibits several key indicators in its recent trading patterns. Trading above the 200-day simple moving average suggests sustained momentum, reflecting positive market sentiment. 

CHZ Price Chart

Over the last 30 days, it has observed 17 gains, accounting for approximately 57% of the period. As such, it indicates a relatively consistent upward trend. Moreover, its current value is near its cycle high, showcasing strong performance.

The current sentiment regarding price prediction leans towards bullish. This coincides with a Fear & Greed Index of 72, signaling a degree of greed in the market sentiment. Chiliz has a circulating supply of 7.66B CHZ out of a maximum supply of 8.89B CHZ. Notably, the token experiences a yearly supply inflation rate of 24.74%, creating 1.52B CHZ over the past year.

8. Bitcoin Minetrix (BTCMTX)

Bitcoin Minetrix introduces a novel system where users stake BTCMTX tokens to acquire cloud mining credits. It aims to distribute control and ensure a secure mining environment for token holders. The project has attracted considerable attention, with over 400,000 BTCMTX tokens presently staked.

Reportedly, Bitcoin Minetrix pledges an annual percentage yield (APY) of 103,225%. This remarkably high APY has drawn many participants to the staking pool, placing it within the cryptocurrency landscape. The ongoing BTCMTX presale evidences the project’s apparent success. It has amassed over $4,496,314 by vending tokens at $0.011 per token.

During the presale stage, 70% of the total token supply (2.8 billion out of 4 billion BTCMTX) is available for purchase using ETH or USDT. This phase has been crucial in generating interest among potential investors.

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