Crypto Gloom

Dec 16 6 Cheapest Cryptocurrencies You Can Buy Right Now for Less Than $1

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By Crypto Gloom

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Stablecoins maintained a significant presence in the cryptocurrency market, valued at $51.39 billion. This amount represents 89.68% of the total cryptocurrency market trading activity during the same period. Bitcoin, the leading cryptocurrency, has seen a slight decline in dominance and is now at 51.67%, down 0.28% for the day.

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

America’s famous Coinbase cryptocurrency exchange, recently filed a petition with the Securities and Exchange Commission. This petition requested customized regulations specific to digital assets. However, the SEC, chaired by Gary Gensler, formally denied this request, arguing that the current securities framework adequately governs cryptocurrency asset securities.

1. BitTorrent (BTT)

BitTorrent-New (BTT) has seen a significant price increase of 96% over the past year. This upward trend is ahead of 65% of other top cryptocurrencies. It continues to trade above its 200-day moving average, a sign of stability.

BTT price chartBTT price chart

Over the past 30 days, BitTorrent has seen 16 days of positive growth, accounting for 53% of those days. It was attractive to traders due to its high liquidity, fueled by its market capitalization.

Regarding supply, BitTorrent has an annual inflation rate of 0.64%. Out of the maximum supply of 990 trillion BTT, the current circulating supply is 951.42 trillion BTT. Over the past year, approximately 6.1 trillion BTT has been created while maintaining a controlled inflation rate.

Experts predict a bullish trend for BitTorrent-New (BTT). The fear and greed index is 67 points, indicating ‘greed’. In the Tron network segment, BitTorrent ranks second in market capitalization.

2. Gas

Gas surged 236% last year to account for 83% of the top 100 cryptocurrencies. It is currently trading above its 200-day average, showing price stability. Moreover, GAS’s market capitalization means that it has good liquidity.

gas price chartgas price chart

Sentiment leans towards a bullish gas price forecast, with a Fear and Greed Index score of 67 (Greed). Out of the maximum 100 million GAS, there are 65.51 million GAS in circulation, and the annual supply inflation rate is quite high at 546.81%. This generated 55.38 million GAS last year. Additionally, Gas ranks second in the NEO Network sector by market capitalization.

Experts predict GAS as a promising cryptocurrency and expect the maximum price to be around $5.35 after the market recovery. Additionally, the projected average price by 2023 is $4.72. However, major bearish market trends could lead to a minimum price of $4.09 in 2023.

3. DYDX

The dYdX Foundation has delegated 2.3 million DYDX, or 88.4% of the staking capacity, to 10 validators. This move demonstrates the importance of validators in the dYdX ecosystem and the foundation’s commitment to securing the dYdX chain network. They followed clear principles for this delegation, based on best practices for validators and stakers.

DYDX price chartDYDX price chart

Currently, sentiment on dYdX’s price prediction is Neutral, with the Fear and Greed Index sitting at 67 (Greed). Currently, 183.77 million DYDX tokens are in circulation out of a maximum supply of 1 billion. Over the past year, dYdX’s price has risen 78%, outperforming 60% of the top 100 cryptocurrency assets. It is also achieving good results in trading, including exceeding the 200-day simple moving average. Moreover, DYDX’s market capitalization suggests significant liquidity in the market.

Experts see dYdX as a potential standout cryptocurrency soon. They predict that DYDX could hit a high of around $5.13 when the cryptocurrency market rebounds. The expected average price of DYDX by 2023 is approximately $4.53. However, if the cryptocurrency market sees a significant decline, it could fall to a record low of $3.92 in 2023.

4. Immutability (IMX)

Immutable has launched Immutable zkEVM, a new platform created by Polygon Labs. This technology aims to shake up the game by solving the gas bill problem and make gas bills disappear for players.

IMX price chartIMX price chart

This move could make it much cheaper for people to try out new games. Immutable Passport allows game creators to cover users’ gas costs, making it easier for users to start playing. Immutable also plans to cover gas fees for all games in its ecosystem from the beginning. The cost for a game studio is estimated to be around $500 to $1,000 per 100,000 players.

Immutable hosts over 200 games on its platform as well as zkEVM. Moreover, Immutable is performing well, with its price rising by 370% every year. This means that the coin outperforms most other top 100 cryptocurrency assets. Additionally, the token is consistently trading above its initial sale price and has good liquidity based on its market capitalization.

5. Bitcoin Minetrix (BTCMTX)

Bitcoin Minetrix, a cloud mining platform, is innovating by introducing tokenization to address concerns about third-party cloud mining. Its goal is to provide individuals with a safe and transparent way to participate in decentralized Bitcoin (BTC) mining.

The project has already attracted significant participation with over 400,000 BTCMTX tokens staked. The reported Annual Percentage Yield (APY) is 103,225%, but this figure is likely to decrease as more tokens are staked.

Regarding token distribution, Bitcoin Minetrix will allocate 42.5% of BTCMTX tokens to fund mining operations and 35% will be used for marketing and BTCMTX growth. Additionally, 15% will be used as a reward for active community participation, and 7.5% will be used as a BTCMTX staking reward until the cloud mining platform is developed.

The ongoing pre-sale has raised more than $5,343,365 through the offering. BTCMTX It costs $0.011 per token. At this stage, 70% of the total token supply (2.8 billion BTCMTX) will be accessible through investments in Ethereum (ETH) or Tether (USDT). However, a minimum investment of $10 is required for interested participants.

6. COFFEE

Kava and Injective recently joined forces to make stable assets like USDt more accessible in decentralized finance (DeFi). Kava plans to mint USDt in the Cosmos ecosystem with support from the Tether Foundation. This collaboration will allow USDt from Kava to flow directly into Injective. Kava is also offering token rewards to encourage people to spend USDt on Injective.

kava price chartkava price chart

This teamwork combines the best of both platforms to make great strides in DeFi. This also makes things smoother for users and strengthens Injective’s role in handling cross-platform assets.

The Kava market appears to be positive with optimistic forecasts and 67 indicating ‘greed’. Out of a maximum of 324.13 million KAVA, the circulating supply is 1.03 billion KAVA. Moreover, Kava’s inflation rate was 210.47%, generating 698.02 million KAVA last year.

In the rankings, Kava ranks 10th in the DeFi coin category and 38th in the layer 1 category. A good signal is trading above the 200-day moving average. Due to its market cap, it has been green (53%) and highly liquid for 16 of the last 30 days.

Learn more

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