Blockchain

6 Best Cheap Crypto to Buy Now Under 1 Dollar December 21

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Digital currencies offer a unique opportunity for investors seeking affordable yet promising assets. Today, several cryptocurrencies valued under a dollar provide an accessible entry point into the market. Exploring these budget-friendly options unveils six potential gems with substantial growth capacity.

6 Best Cheap Crypto to Buy Now Under 1 Dollar

In the last 24 hours, the cryptocurrency market displayed an upward trend, witnessing significant increases in major cryptocurrencies. This surge in value prompted investors to purchase several tokens.

Bitcoin observed a rise of 3.2% within the last 24 hours as of 4 p.m. ET. Similarly, Solana experienced a notable increase of 10%, while Near Protocol surged by an impressive 18.6%.

1. ORDI (ORDI)

The recent crypto market has drawn attention to ORDI. The token has experienced significant growth following its listing on Binance. Starting at $4.99 on October 31, ORDI saw a staggering 380.7% increase to $23.99 in less than three weeks. This upward trend continued, with ORDI reaching $64.53 by December 14, marking a 20.1% increase.

The surge in ORDI’s value aligns with the increased adoption of Bitcoin Ordinal NFTs in 2023. Moreover, ORDI’s release on the Bitcoin blockchain led to a substantial influx of creators minting NFTs. This contributed to ORDI’s growing popularity in the market.

Furthermore, analysts foresee a potential increase in ORDI’s value following its listing on Binance. This increase could elevate trading activity and push its value to $75.63, representing a 17.2% increase. The sentiment regarding ORDI’s price prediction leans towards bullish. This coincides with a Fear & Greed Index displaying a 70 (Greed) score. 

Some key highlights include ORDI’s consistent trading above the 200-day simple moving average. Plus, ORDI has experienced a 53% occurrence of green days within the last 30 days. Also, the coin’s perceived high liquidity is supported by its market cap.

2. Avalanche (AVAX)

Really, formerly Moviebill, has joined with Avalanche to introduce Fandime NFTs on the layer-2 blockchain. This partnership aims to ensure an immersive Web3 and AR experience. As such, users can access the latest blockbuster movies to digital collectible ticket holders. As part of this collaboration, holders of Fandime NFTs will receive a blockchain-based digital ID. In addition, this ID will be stored in their Really account on the Avalanche blockchain.

AVAX PRICE CHART

Examining Avalanche’s current status, the sentiment surrounding its price prediction is optimistic. This aligns with the Fear & Greed Index at 70, indicating a state of ‘Greed.’ Key performance indicators reveal that Avalanche has experienced a 280% increase in price over the last year. 

Notably, it has surpassed Bitcoin and Ethereum in performance, trading above the 200-day simple moving average. The recent market behavior shows positivity concerning the token sale price. As such, 22 of the last 30 days have been marked green (73% positive). Avalanche is trading near its cycle high, with its high liquidity attributed to its market capitalization.

3. Bitcoin Minetrix (BTCMTX)

Bitcoin Minetrix, a new cloud mining platform, stands out by using tokenization to address concerns in third-party cloud mining. It aims to offer a safe, transparent way for people to mine Bitcoin (BTC) in a decentralized manner.

The project has attracted attention, with over 400,000 BTCMTX tokens already staked. Moreover, BTCMTX reports an annual percentage yield (APY) of 103,225%, which might decrease as more tokens get staked.

 

Regarding token distribution, Bitcoin Minetrix has divided 42.5% of the BTCMTX tokens to fund mining operations. Meanwhile, 35% goes to marketing and BTCMTX growth. Additionally, 15% rewards active community participation, and 7.5% is for BTCMTX staking rewards until their cloud mining platform is developed.

Furthermore, the project raised over $5,638,098 during the presale by selling BTCMTX tokens at $0.011 each. In this phase, 70% of the total token supply (2.8 billion BTCMTX) is available for investment in Ethereum (ETH) or Tether (USDT), with a $10 minimum investment. The high reported APY might decrease as more tokens are staked, affecting returns for investors. Their token distribution strategy shows a focus on mining infrastructure and platform growth.

4. Flow (Flow)

Flow is experiencing optimistic price predictions despite a Fear & Greed Index indicating a 70 greed score. The project has 1.48 billion FLOW tokens in circulation out of a maximum of 1.37 billion. It also has an annual inflation rate of 42.65%, creating 441.92 million FLOW tokens over the last year.

FLOW PRICE CHART

Examining its market performance, Flow has shown a commendable 14% price increase over the past year. Moreover, it is consistently trading above its 200-day simple moving average. This upward trend reflects positively compared to its initial token sale price, with 17 out of the last 30 days registering green. These statistics totaled 57% of the period. 

Notably, the token is trading near its cycle high, indicating robust market activity. Regarding market presence, Flow holds the top position among NFT Tokens and secures the 31st spot in Layer 1. Moreover, the project boasts significant liquidity based on market capitalization, signifying substantial market interest and active trading.

5. WEMIX (WEMIX)

Wemade, a prominent South Korea-based game developer, is expanding its Web3 gaming reach. They aim to achieve this by introducing popular WEMIX PLAY-hosted games onto LG Smart TVs and monitors. This move marks the first instance of games from the WEMIX PLAY blockchain gaming platform accessible on LG screens. Moreover, the company aims to establish a blockchain-based mega-ecosystem aligning with its mission.

WEMIX PRICE CHART

Regarding the WEMIX Token, the current sentiment toward its price prediction remains neutral. The Fear & Greed Index indicates a value of 70 (Greed). Notable highlights include a 926% increase in price over the past year. 

It has outperformed 94% of the top 100 crypto assets during this period. Moreover, the token is currently trading above the 200-day simple moving average. Additionally, in the last 30 days, it has observed 16 green days, accounting for 53% of the period.

6. Bonk (BONK)

Binance, the world’s top cryptocurrency exchange, recently extended its support for Bonk Inu (BONK), a meme-based cryptocurrency on the Solana network. This expansion involves enabling Trading Bots services for specific trading pairs, BONK/USDT and 1000SATS/USDT, starting December 21.

BONK PRICE CHART

Following the listing of Bonk Inu on its platform, Binance’s decision likely contributed to a significant surge in BONK’s price. As a result, BONK’s value has skyrocketed by an impressive 300% over the past month. Hence, it has pushed its market capitalization past $1 billion. The highest price BONK has reached since its last low is $ 0.00002153.

Analyzing its recent performance, Bonk Inu is trading above its 200-day simple moving average. It has seen positive market movement in 15 out of 30 days. This accounted for a 50% increase in positive trading days. Additionally, its market cap indicates substantial liquidity.

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