Crypto Gloom

6 Cheapest Cryptocurrencies You Can Buy for Less Than $1 Right Now – Beam, BitTorrent, VeChain, Bonk, Gala

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By Crypto Gloom

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The cryptocurrency market lost a significant portion of its value yesterday. This inexplicable bearish sentiment has seen several investors investing in the cheapest cryptocurrencies under $1 to recoup their losses. This reaction led to price instability for several altcoins, including BTC, briefly falling below $60,000.

However, despite the general market trending sideways due to the decline, smart investors are taking advantage of the token’s low price. Analysts have confirmed that the corrective rally will begin with cheap cryptocurrencies that can be purchased for less than $1.

6 Cheapest Cryptocurrencies You Can Buy for Less Than $1 Right Now

Several low-value tokens have surpassed their high-value counterparts in price appreciation, VeChain being a prime example. VeChain shows significant growth potential, offering significant returns to early investors. Additionally, our thorough analysis of the pre-sale token Pepe Unchained highlights why this token is worth serious consideration.

Today’s review examines the profit potential of Beam, VeChain, BitTorrent, Gala, and Bonk. The token, which currently trades for less than $1, has surged between 7% and 15% in the past 24 hours. This performance is noteworthy against the backdrop of the overall bearish sentiment in the current market and represents a promising investment opportunity.

1. VeChain (VET)

VeChain (VET) has partnered with Concordium to increase transparency in the global food supply chain. This collaboration improves consumer trust by simplifying food traceability. It also helps verify the origin and authenticity of these food items and ensures ethical sourcing. The integration of Concordium’s proof-of-stake mechanism strengthens VeChain’s position among supply chain solution providers.

Additionally, the VeChain team completed the final voting phase on the testnet and manually distributed outstanding rewards. A thorough review of the testnet confirmed the successful deployment of the VeChainThor (VTHO) mainnet. This upgrade enhances the operational capabilities of the platform by ensuring a smooth transition to the new system.

VeChain price chart

The ongoing partnership with Concordium and recent market trends indicate that the price is likely to rise to $0.09. Key milestones, including the launch of VeChainThor and the advancement of VeBetterDAO, are likely to contribute to further adoption and growth in the coming months.

VET is currently trading at $0.02215, up 27% in the last 24 hours. Investment sentiment is still high, with the fear and greed index at 80, indicating extreme greed. Additionally, the token’s Relative Strength Index (RSI) is above its midpoint, suggesting further upward momentum soon.

2. BEAM

Beam is committed to eliminating mismanagement of user data by providing a platform that ensures safe and reliable transactions. It offers a variety of features including private stablecoins, NFTs, and automated market makers (AMMs). Beam also plans to introduce new features such as lending, oracles, sidechains, and wrapped assets.

Additionally, Beam is a gaming network supported by Merit Circle DAO. BEAM Network focuses on building a collaborative ecosystem for the development of the gaming industry. By connecting developers and players, we foster partnerships that help shape the future of gaming.

beam price chart

Beam also protects user addresses and gives users full control over their personal information through blockchain technology. The token experienced a slight decline of over 2% last week. However, recent trends indicate a notable recovery, with the token making significant gains in the last 24 hours.

The current token price is $0.01282, up 3% in the last 24 hours. Year to date, Beam’s value is up more than 208%. Additionally, the token’s Relative Strength Index (RSI) is trading above the 50 trendline, indicating bullish momentum and potential for further growth before the weekend.

3. BitTorrent (New) (BTT)

BitTorrent is recognized globally as “the largest decentralized peer-to-peer communication protocol.” The platform recently announced a major upgrade with plans to halve rewards for storage miners from 15 billion BTT to 7.5 billion BTT. These changes, which began last June, have made the network more efficient and improved node performance.

BitTorrent, a decentralized peer-to-peer sharing and torrenting platform, has established itself as a key player in the cryptocurrency market. The project continues to grow in popularity, with trading volume up 40% in the last 24 hours despite widespread market declines.

BitTorrent price chart

The native token, BTT, operates on the TRON blockchain according to the TRC-10 standard. Since TRON acquired BitTorrent, the platform has launched a variety of new tools, leading to wider adoption and expanded use cases. The $BTT token continues to attract significant market traction since its launch.

Last week, BitTorrent maintained its bullish outlook thanks to strong buying pressure at $0.0000009044. This momentum is favorable to the bulls and could continue in the future. However, bearish activity could emerge if the recent Ether ETF spot approval fails to generate enough market excitement.

4. Baby Unchained (PEPU)

Pepe Unchained’s Flexible layer 2 blockchain technology makes it an outstanding project in the cryptocurrency market. This feature allows the platform to provide users with a seamless trading experience. It also helps investors trade digital assets without worrying about high costs and network delays. This focus on efficiency has garnered positive feedback from cryptocurrency enthusiasts.

Additionally, PEPU has been strategically developed on the Ethereum blockchain to leverage layer 2 technologies. In addition to Ethereum’s efficiency, this allows for faster and more cost-effective transactions. This makes it the first Pepe-themed token to operate on this blockchain layer. Additionally, the project offers a staking feature, allowing early investors to earn significant APY, well over 117%.

meantime, Pepe Unchained It successfully raised over $18.7 million, generating significant interest in the project. These early successes highlight strong investor confidence and imply the potential for significant returns. Potential investors are encouraged to join the project now at the modest price of $0.00996 before the price rises tomorrow.

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5. GALA

Gala allows developers to create custom tokens, smart contracts, and node networks. It also allows you to seamlessly link tokens across blockchains such as Ethereum and Binance Smart Chain. The ecosystem thrives on a network of independent nodes, encouraging active community participation.

GalaChain, a layer 1 blockchain, is the foundation of the Web3 ecosystem. Initially, we aimed to empower users around the world by focusing on Gala’s entertainment division, including Gala Games, Gala Music, and Gala Film. GalaChain aspires to be the first blockchain to reach 1 billion users. We also provide developers with tools like SDKs and Creator Portals to integrate Web3 into the community.

gala price chart

CertiK has recognized Gala as one of the safest altcoins in the world. Gnosis multi-signature vaults ensure operational security through collective oversight. Gala also works with key institutions to maintain governance and compliance.

The current price of Gala is $0.021 and its value has increased by over 1000% since its launch. Trading activity has increased by 2.3% in the last 24 hours, with token trading well exceeding its 200-day SMA.

With a 14-day RSI of 44.39, Gala remains in the neutral zone. Bullish momentum is evident, with 15 green days in the last 30 days, representing a positivity rate of 50%. With a 30-day volatility of 8% and strong liquidity, Gala shows signs of stability and continued growth.

6. BONK

Bonk made a name for itself as the first dog-themed cryptocurrency on the Solana blockchain. Since its launch, the token has shown a strong upward trend and has made significant gains in the first quarter. Bonk is currently trading at around $0.00002078. Analysts believe this unique concept could head towards $0.001 by the end of 2024.

Analysts are also optimistic about Bonk’s ability to maintain its strong launch momentum. The token’s price trend reflects its resilience, and its steady growth has fueled investor speculation about the possibility of reaching $0.01 in the near future. It is trading at a price 3.7% higher than yesterday.

Bonk price chart

As meme tokens grow in popularity, the value of Bonk continues to increase. Built on the Solana blockchain, known for its scalability and speed, Bonk attracts investors looking for a faster and more cost-effective alternative to Ethereum-based meme tokens.

Bonk is currently trading 10,825% higher than last year. The token capitalizes on bullish sentiment with a Fear and Greed Index of 70, which indicates greed. Bonk continued its positive trend with 26 green days in the past 30 days. The token is trading above its 200-day SMA with a Relative Strength Index (RSI) of 60, indicating bullish momentum.

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