Crypto Gloom

5 Best Cheap Cryptocurrencies to Invest in Now for Under $1 Sep 15 – Sei, TRON, Trust Wallet Token

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By Crypto Gloom

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Analysis of Terra Luna Classic (LUNC) indicates a potentially favorable risk-reward ratio, drawing the attention of investors looking to capitalize on the price surge. Since LUNC is currently trading near its all-time low, there is more upside potential than downside.

At the same time, market analysts remain bullish on Bitcoin. They expect the BTC price trend to trigger the next market rally and point to several upcoming events that could play a key role in driving this momentum.

In light of this, investors are increasingly looking for cheaper cryptocurrencies, especially the cheapest ones that can be bought for under $1 right now.

5 Best Cheap Cryptocurrencies to Invest in Now for Under $1

Polygon has integrated Ethereum and several DeFi protocols to strengthen its ecosystem and increase network adoption. Trust Wallet, a self-custodial Web3 wallet provider, has partnered with The Open Network (TON) to support broader blockchain adoption. Meanwhile, the Mega Dice (DICE) presale has been popular, raising over $1.8 million. Etoro A separate $1.5 million settlement was reached with the SEC.

1. Polygon (MATIC)

Polygon has strengthened its ecosystem by integrating Ethereum and several DeFi protocols, contributing to the increased adoption of the network. The platform’s native token, POL, has seen a notable price increase after being listed on Binance and integrating various products.

Polygon Labs also announced the upcoming Ahmedabad hard fork. This update will require a node upgrade before block 62,278,656. Polygon (MATIC) is down slightly by 0.12% over the last 24 hours at $0.3824. Nevertheless, Polygon’s performance is still positive compared to its token sale price.

MATIC price chart

Last month, the token recorded 17 green days, meaning that 57% of the time it closed higher than its opening price. The token also benefits from high liquidity based on its market cap. The token is still actively traded on Binance. Furthermore, the annual inflation rate is negative at -42.99%, indicating a deflationary trend.

According to the short term forecast, the price of Polygon can be between $0.38324 and $0.45049 by September 23, 2024. If the upper target is reached, it will increase by 17.55%. According to the 2024 forecast, the token can be traded within a wider range of $0.38324 to $2.28. If the upper price target is reached, it will increase by 495.17%.

2. Tron (TRX)

CoinStats recently integrated full support for the TRON blockchain. This development coincides with TRON’s growing influence in the blockchain space. The network currently has the second-highest total value locked (TVL) at $8.06 billion, second only to Ethereum. Furthermore, TRON’s native token, TRX, has entered the top 10 cryptocurrencies by market cap, reflecting its growing presence in the ecosystem.

TRX Price Chart

Meanwhile, TRON founder Justin Sun hinted that an “exciting week” is ahead for TRON-based meme coins, suggesting that these tokens could outperform the ongoing crypto bull market. His statement follows the launch of SunPump, a decentralized platform for fair trades, and the launch of meme coins. Launched on August 13, the platform has positioned itself as a competitor to Solana’s pump.fun, which took 217 days to generate $100 million in revenue.

TRON is trading at $0.14929 and is up 1.05% in the last 24 hours. The overall sentiment surrounding TRX remains bullish, with 27 technical indicators pointing to a positive trend. TRX has gained 78% in the past year, outperforming 56% of the top 100 crypto assets.

3. Trust Wallet Token (TWT)

Trust Wallet, a self-custodial Web3 wallet provider, recently partnered with The Open Network (TON) to promote blockchain technology adoption. This collaboration will allow Trust Wallet to leverage Telegram’s massive user base, with a particular focus on strengthening its presence in the game finance (GameFi) and decentralized applications (DApps) space.

TWT Price Chart

TWT is trading at $0.953174 and is up 2.11% in the last 24 hours. Over the past year, the price has risen 18%, and 60% of the last 30 days have been green days. A green day is a day when the daily closing price is higher than the opening price. The token is trading near its cycle high and has strong liquidity relative to its market cap.

According to the forecast, TWT can rise by 50.43% to $1.440814 by October 15, 2024. This forecast is based on technical indicators showing neutral market sentiment, with 20 signals indicating a bullish trend. Last month, TWT/USD rose by 11.63%, and the one-year performance is 16.84%.

4. SIX

SEI is currently in a bullish reversal formation on the daily chart, with the price facing a major weekly resistance level of $0.3160. There are signs that this resistance could be broken soon, potentially leading to a bullish trend. A vertical accumulation is also visible on the H1 chart, and a triple bottom pattern is forming on the daily chart, further suggesting bullish momentum.

Currently trading at $0.305091, SEI is up 1.88% in the last 24 hours and up 123% in the last year. It is outperforming 67% of the top 100 cryptocurrencies during this time. Market sentiment for SEI remains neutral, but 17 technical indicators are sending bullish signals. The coin is in a strong position with high liquidity relative to its market cap.

SEI Price Chart

According to the analysis, the price of SEI may fluctuate between $0.314025 and $0.432078 in the coming weeks, with a potential increase of 37.59% if the upper price target is reached by Sep 23, 2024.

Moreover, the forecast for the remainder of 2024 suggests that SEI can trade between $0.314025 and $1.502707, with the upper bound representing a 394.33% increase. These forecasts suggest that SEI has room to grow in the short to medium term. However, the performance will depend on whether it can break through key resistance levels.

5. Mega Dice ($DICE)

Pre-sale in progress Mega Dice (DICE) has gained increasing attention and raised over $1.8 million. The recent $20,000 investment from whales has contributed to this momentum, bringing the project closer to its $2 million target. With the token price at $0.116056, further increases are expected as the presale deadline approaches on September 29, with a one-week extension.

Mega Dice’s success is partly due to its established position in the cryptocurrency gambling industry. Operating on the Solana blockchain, the platform boasts 10,000 active users and $50 million in monthly betting volume, giving it an advantage over its competitors. Notably, the platform, with such a solid foundation, is currently conducting a pre-sale, which sets it apart from other projects.

The platform also offers staking opportunities, with over 7 million tokens currently staked at an annual yield of 296.5%. Additionally, 28% of the total supply is locked. Mega Dice has launched a number of initiatives to engage users, including a “referral and earn” program and a $2.25 million airdrop campaign split into three phases. Token holders benefit from staking rewards tied to casino revenue, further increasing its appeal.

In addition, the platform offers exclusive NFTs to VIP players, and a 25% referral fee encourages user participation. Another convenient feature is that the platform can be accessed via Telegram, allowing users to connect their TON wallets via the bot.

Mega Dice With its established presence, strong user base, and diverse engagement strategies, it has attracted significant attention. With strong support and additional incentives, the pre-sale appears to be gaining momentum as it nears its conclusion.

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