Despite experiencing a 3% daily decline at the end of September, Bitcoin investors are optimistic about the potential for significant gains in October. Their expectations appear to be materializing, as the leading cryptocurrency has kicked off the new month with a rally, increasing by more than 1.7% in the early hours of Tuesday.
Meanwhile, altcoins are showing signs of stabilization, forming a higher low pattern that indicates a reduction in selling pressure. With important price floors being established, altcoins seem to be entering a period of low-volume, range-bound trading, which could signal the start of a gradual upward trend in the altcoin market. Given these developments, investors are searching for affordable tokens, particularly the best cheap crypto to buy now under 1 dollar, which requires time and effort.
6 Best Cheap Cryptos to Buy Now Under 1 Dollar
Wormhole (W) has seen a significant price rise of 21% following its recent listing on Upbit. Meanwhile, Conflux, a blockchain platform, has integrated with the Worldwide Stablecoin Payment Network (WSPN).
Degen has experienced a remarkable recovery, showing a substantial increase of 124.60% in the last 24 hours, with its current value at $0.01021. Additionally, Pepe Unchained (PEPU) is gaining momentum in the cryptocurrency space, having raised $16.9 million in its ongoing presale. Bitcoin is also on track for its strongest September yet as investors consider the current economic outlook.
1. Wormhole (W)
Wormhole (W) has recently experienced a notable 21% price increase following its listing on Upbit. This surge pushed the token’s value above $0.37, with earlier highs nearing $0.38.
As a result, the market capitalization of the token now exceeds $962 million. This growth, however, follows a price drop below $0.28 on October 1, indicating a swift recovery afterward. The price rebound is likely linked to Wormhole’s announcement of Era 3, a significant upgrade aimed at improving cross-chain interoperability.
Wormholescan v2 from @xLabsxyz is live 🔍
This means enhanced real-time multichain data for anyone across the entire @wormhole ecosystem and a new, dedicated developer section.
Follow the 🧵 for an overview of the new features ⤵️
Check it out here: https://t.co/SOq2yBkOuO pic.twitter.com/hlagSS9tr8
— Wormhole (@wormhole) September 30, 2024
According to their official blog, Era3 introduces features designed to simplify multichain adoption for applications, tokens, networks, and institutions. Moreover, this update is positioned as an important step toward uniting the broader crypto space and integrating traditional financial systems into blockchain networks.
2. Conflux (CFX)
Conflux, a blockchain platform, recently integrated with the Worldwide Stablecoin Payment Network (WSPN). This move brings WUSD into its ecosystem, especially for decentralized finance (DeFi). Conflux is known for its unique consensus mechanism and dual-space structure. These features make it fast, secure, and scalable, suitable for applications like banking and gaming.
The platform has shared a multi-year roadmap covering developments from 2024 to 2028. In 2024, Conflux will focus on improving storage. This update aims to make the network more efficient and scalable. As a result, it will lower costs and improve overall performance.
Reflecting on September: Highlights from Last Month
* Partnered with @alibaba_cloud 🤝
* Attended @token2049 in Singapore 🌏
* Sponsored the @Hackwithindia1 hackathon 🚀https://t.co/UfRHXdN7Rc
— Conflux Network Official (@Conflux_Network) October 1, 2024
Currently, CFX is trading at $0.186721, with a 2.09% increase in the last 24 hours. Sentiment around the token remains bullish, as it has experienced 18 positive trading days over the past month.
3. Beldex (BDX)
Beldex (BDX) is currently priced at $0.056039, reflecting a 0.19% increase in the last 24 hours. Over the past year, BDX has seen an 83% price rise, outperforming 59% of the top 100 crypto assets during this period. It is trading above its 200-day simple moving average (SMA), with a 36.24% premium over the 200-day SMA, which stands at $0.041132.
Moreover, BDX has shown strong market activity, with 17 green days in the past 30 days (57%) and a volatility rate of 2.48% in that same period. Beldex’s market liquidity is also high, considering its market cap.
A sincere thank you to our amazing Beldex community for helping us reach 3 Million picks on @BinanceFutures NEXT! Your steadfast support and trust mean the world to us—this milestone is a shared victory! Let’s keep the momentum going!
Cast your vote here:… pic.twitter.com/A0p14Dh4AN
— Beldex.bdx (@BeldexCoin) September 28, 2024
Furthermore, current price predictions suggest that BDX could rise by 8.59% to $0.06125 by November 1, 2024. While the sentiment appears bullish, the Fear & Greed Index is at 42, indicating caution in the market. Based on the technical indicators and recent performance, it could be a favorable time to consider investing in Beldex.
4. Orbs (ORBS)
Orbs, currently priced at $0.029985, has seen a 12.09% increase in the past 24 hours. Over the last year, its value has risen by 31%, with 60% of the previous 30 days showing positive price movement (18 green days). Additionally, Orbs displays high liquidity relative to its market cap.
Furthermore, Orbs’ market sentiment is bullish, supported by 24 technical indicators signaling a positive outlook. Short-term predictions suggest steady growth, with the price expected to rise modestly on October 3, 2024, to $0.030179. Over the next few days, Orbs may see more significant increases, potentially reaching $0.051819 by October 8, 2024.
Exciting times for Orbs in London! 🇬🇧
A new chapter begins as the office gets a major upgrade, now with stunning views of the city alongside frens @HarrisTrotter_ 😍
Cheers to fresh starts and big moves! 🥂 pic.twitter.com/yUYSKxGMHN
— Orbs (@orbs_network) October 1, 2024
Meanwhile, projections estimate that by November 1, 2024, Orbs could climb to $0.099729, reflecting a 230.46% increase. Overall, Orbs appears poised for upward momentum in the near future, though market conditions can always shift, and these predictions should be viewed with cautious optimism.
5. Degen (DEGEN)
Degen has recently shown significant recovery, with a notable price increase of 124.60% in the past 24 hours, currently valued at $0.01021. Over the past 30 days, the coin has experienced 17 days where its daily closing price exceeded the opening price, indicating positive momentum in 57% of the period. Moreover, Degen exhibits high liquidity relative to its market capitalization, which further supports its growing demand.
Meanwhile, Degen’s overall market sentiment appears bullish, with 19 technical indicators supporting this positive outlook. In the short term, the price predictions suggest steady growth. By October 7, 2024, Degen is expected to reach $0.012189, reflecting a 32.82% increase. Furthermore, the forecast for November 1, 2024, estimates a 247.85% rise, potentially bringing the price to $0.031923.
GM Degens! Happy Uptober! We’re nearing 800M $DEGEN locked in the vault (~$3.6M) 👀. Appreciate you all for being Degen, and hope you’re kicking off the month strong! pic.twitter.com/CEbNObH1N4
— Degen 🎩 (@degentokenbase) October 1, 2024
Although the current Fear & Greed Index indicates a “Fear” level of 42, the bullish sentiment and technical indicators suggest that this may still be a favorable time to consider buying Degen. However, as with any investment, it is important to exercise caution and remain informed about ongoing market shifts.
6. Pepe Unchained (PEPU)
Pepe Unchained (PEPU) has been gaining traction within the cryptocurrency community after raising $16.9 million in its ongoing presale. This significant amount positions it prominently among emerging cryptocurrencies. As the project prepares to launch its blockchain, some analysts view PEPU as a potential standout meme coin for 2024.
The primary aim of Pepe Unchained is to establish a Layer-2 chain specifically designed for meme coins. The development team intends to create a network that operates at speeds 100 times faster than Ethereum, specifically tailored for meme coin transactions. Additionally, the network is set to include essential features such as a block explorer and Ethereum bridging, which could enhance its appeal for meme coin creators and traders.
Currently, the price of PEPU tokens is $0.0099. another notable aspect of Pepe Unchained is its double staking protocol. This feature offers token holders an estimated annual return of 127%. The staking system has attracted considerable attention, with over 1.25 billion PEPU tokens already staked by users.
Boom! $16M raised!
Pepe Unchained keeps smashing records, and we’re not slowing down! 🌊 pic.twitter.com/Qtkw0w0n85
— Pepe Unchained (@pepe_unchained) September 28, 2024
Pepe Unchained’s market entry comes at a time when the crypto market is experiencing positive momentum. Recent interest rate cuts have led to increased optimism in the market, which could benefit PEPU as it approaches its DEX listing. This timing may align with a broader market recovery, further enhancing interest in the project.
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