The cryptocurrency market exhibits mixed market signals, posting a 0.43% increase in market cap. However, the trading volume took a massive hit, declining by 21.65%, indicating investors are being careful. Consequently, this market sentiment has led to a bearish trend for cryptos.
However, this presents an opportunity to capitalize on the dip for the Altcoin Season post-halving. Numerous promising low-priced cryptocurrencies provide investors with an affordable entry point into the market. Consequently, Insidebitcoins has curated a list of the top five tokens that align with this description.
5 Best Cheap Crypto to Buy Now Under 1 Dollar
Today’s evaluation provides investors with valuable insights for analyzing the growth potential of various altcoins. Various altcoins trading below 1 cent are experiencing an uptick. This trend signals promising investment prospects for investors.
Furthermore, we analyze Beam, GameStop, Kaspa, and Floki as notable investment options. These low-cap cryptos focus on real-world asset tokenization and blockchain innovation. These factors fuel our recommendation of these assets as potential portfolio additions.
1. Beam (BEAM)
Beam is attracting considerable interest following its consistent price climb in April. Anticipation of the Bitcoin halving is a propelling factor that sees Beam trade at $0.02458. Meanwhile, investors are bullish on Beam, which has a Greed score of 78. This bullish sentiment comes from the token’s growing trading activities.
Furthermore, Beam’s market growth over the past year has been remarkable, with a staggering 400% increase. It has outperformed 83% of the top 100 cryptos. Beam trades 433.26% higher than the 200-day SMA, which is $0.005090. This strong performance emphasizes the token’s potential as an investment opportunity in cryptocurrency.
The token posted 20 green days in the last 30 days and has high liquidity. These robust fundamentals suggest a favorable outlook for the token. It also indicates Beam’s capacity to attract continued investor interest and achieve significant market expansion.
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— Merit Circle (@MeritCircle_IO) May 15, 2024
Analysts predict that if Beam announces collaborations with other networks, it could reach $0.1. In a bullish market, the average price could stabilize around $0.08 before April ends. Conversely, in a market downturn, it could nosedive to $0.01.
2. Floki (FLOKI)
Floki DAO plans to burn over 15 billion tokens valued at $2.8 million. To this end, 15 billion FLOKI has been moved to the Floki multisig. However, the DAO is also considering giving back 1% of the tokens to token holders. Consequently, the price of Floki increased by 16.36% in the last seven days to reach $0.0002085. The cryptocurrency’s trading volume surged by 320.12% to $520 million within the same period, contributing to positive market sentiment.
Meanwhile, Floki has seen its value surge by 50% over the last month. This price increase is coming after a protracted period of stagnation. During this period, Floki’s price was reasonably steady at around $0.00013000 until the recent jump.
Notably, Floki formed a bullish pennant pattern yesterday as it broke out of a neutral drag. If the token breaks above the resistance level at $0.00030, it could jump by 50%. Analysts have also suggested that Floki could potentially hit $0.00040 in the next few weeks.
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— TokenFi (@tokenfi) May 17, 2024
As previously observed, the burning of FLOKI tokens positively impacts the token’s price movement, fostering an upward trend. CoinGape Media previously highlighted a surge in Floki Inu’s price after burning nearly 190 billion tokens earlier in the year. This trend suggests an optimistic outlook for Floki’s future price.
3. GameStop (GME)
GameStop went on a dizzying rally of over 3,680.65% in the previous week. Although it has slightly dipped in the last 24 hours, it is still up 52.80% in the last 48 hours and a staggering 500% over the past month. This mind-blowing value surge can be credited to the recent listing of the token on the MEXC exchange.
The innovative meme token operates on the Solana blockchain. Its primary objective is to decentralize and democratic crypto and blockchain tech. It promotes equal distribution of power among its holders.
Moreover, the recent dip in the value of GME presents a perfect entry point for investors. Analysts have also singled out the token as a viable investment opportunity. Its availability on decentralized and centralized exchanges underscores its accessibility. The significant trading volume further highlights its market acceptance.
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— GameStop (@GameStop) May 16, 2024
Meanwhile, the recent uptick in trading activity further suggests growing investor interest and potential for future growth. In essence, GME offers investors a chance to participate in a movement that challenges traditional financial norms and empowers the collective voice of retail investors.
4. 99Bitcoins (99BTC)
99Bitcoins is an innovative project offering users a unique opportunity to earn while learning. Analysts have predicted the token will surge by 1,000x in 2024. The project operates on the Ethereum network with plans to migrate to a BRC-20 token.
99Bitcoins caters to a vast audience through its popular news platform and boasts a following of 700K on YouTube and 2.8 million via email subscriptions. Their latest project introduces a Learn-to-Earn platform that aims to transform crypto education. Participants are rewarded for their curiosity and self-directed learning through interactive modules, quizzes, and courses.
Furthermore, the 99Bitcoins Token offers various perks, like unlocking premium trading signals, discounts, and exclusive events. Additionally, it can be staked for passive income. This unique approach of combining learning and earning has garnered interest from early supporters who believe the token could attract significant attention once it becomes available.
#Bitcoin has put in a big green candle! Are we now on the verge of new $BTC all-time highs? 🆙 ⏳#99Bitcoins #BTC #BitcoinETF pic.twitter.com/Noehhhrgw2
— 99Bitcoins (@99BitcoinsHQ) May 16, 2024
With the presale already raising over $1 million, investors are showing confidence in the potential of 99Bitcoins Token. The token also provides benefits like BRC20 tools and education, a VIP community group, and trading signals. Users can also get a 1,400% APY, which will decrease as more users participate in staking.
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5. Kaspa (KAS)
Kaspa is valued at $0.02458, accompanied by a significant rise in trading volume, which has increased by 63.48% over the previous week. This uptrend in price and trading volume suggests a bullish sentiment among investors and traders. On a year-to-date (YTD) basis, Kaspa has demonstrated remarkable growth, with its price soaring by 400%.
Furthermore, Kaspa’s value has surged by 16,502% since its launch. The project recently completed an ecosystem update. The token deployed, minted, and transferred KRC-20 tokens and indexer and API integrations. The project’s roadmap is in progress, with an open beta planned for next month.
Meanwhile, this impressive surge places Kaspa ahead of 81% of the top 100 crypto assets, surpassing Bitcoin and Ethereum. Currently, Kaspa’s price is trading substantially above its 200-day simple moving average by 125.83%, indicating strong market momentum.
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— Kasplex (@kasplex) May 8, 2024
Projections for Kaspa lean towards an optimistic trajectory for the future. According to Kaspa price predictions, the coin could potentially peak at $0.239, with an average price hovering around $0.213 by 2024.
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