Crypto Gloom

Feb 3 7 Cheapest Cryptocurrencies You Can Buy Right Now for Less Than 1 Cent

Crypto Companies News
By Crypto Gloom

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As the market gradually recovers, investors are eager to seize the opportunities of the impending bullish trend by investing in cheap tokens. However, choosing a token priced below 1 cent requires thorough research. Therefore, in this article, we select some cheap tokens with potential profits in the cryptocurrency market.

7 Cheapest Cryptocurrencies You Can Buy for Less Than 1 Cent Right Now

Investors are especially drawn to the cryptocurrency market by the excitement of discovering the next big thing at a price of less than one cent. Therefore, tokens such as ALGO, ASTR, and FET have been gaining attention recently as their low prices and potential market performance have attracted the attention of traders. In other news, Bitcoin experienced a 3% rise for the week, with analysts predicting: long-term upward trend.

1. Algorand (ALGO)

AlgoKit 2.0 will integrate pure native Python into the platform, which is great news for developers in the Algorand ecosystem. The move aims to empower millions of developers around the world, including students and AI/ML professionals. AlgoKit allows builders to start work in less than 10 minutes. This allows users to easily develop, test, and deploy on the Algorand blockchain.

know price chartknow price chart

Moreover, Algorand is transitioning from a relay structure to a peer-to-peer (P2P) gossip network. In particular, this is similar to the operating model adopted by Bitcoin and various other cryptocurrency networks.

Additionally, Algo’s transition to a peer-to-peer network is critical to the Algorand network, strengthening its resilience and autonomy. This ensures continuous operations regardless of potential disruption. On the market scene, ALGO is currently showing weakness. However, a greed score of 60 indicates active trading by investors.

Furthermore, this trading activity indicates that an upward trend is approaching. Likewise, Algorand’s performance continues to be solid, exceeding its 200-day SMA. Additionally, it boasts high liquidity based on its market capitalization.

2. 1 inch network (1 inch)

The price of the 1-inch network fell below the 200-day EMA on Friday before rebounding and recovering losses incurred the previous day. The price has been trending downward for the past two sessions, testing the 200-day EMA.

1INCH price chart1INCH price chart

Moreover, 1INCH’s recent actions are swinging back and forth due to short-term uncertainty. Still, today’s nearly 3% gain contributed to a weekly growth rate of 3.79%. Moreover, 1INCH recently rallied from October 2023 to mid-January 2024 and performed well.

However, it has experienced a sharp decline over the past few weeks, losing more than 15% of its value. Despite this, it has maintained a 27% rise over the past three months. Additionally, the long-term outlook remains positive as 1INCH is trading above the 200-day EMA. However, a break below this indicator could indicate a trend reversal. Overall, 1INCH’s current trends make it an attractive option to consider.

3. Aleph Zero (AZERO)

Aleph Zero has received a lot of attention since being listed on major platforms. Currently trading on KuCoin, the price sentiment for AZERO is bearish. However, a greed index of 60 indicates investor reaction. Moreover, AZERO is trading above its 200-day moving average, which experts believe is a sign that a bull market is imminent.

AZERI price chartAZERI price chart

Meanwhile, the price of AZERO was $1.100998, up 6.26% intraday, with a trading volume of $2.82 million. Additionally, its market capitalization and dominance are $293.72 million and 0.02%, respectively.

Analysts predict a potential price surge for AZERO if it collaborates with other networks. On this note, the maximum price level expected is to surpass $4.42 by 2024. Additionally, in an optimistic cryptocurrency market scenario, the average price of Aleph Zero is expected to stabilize at around $4.00 by the same year.

4. Asta

Astar Network, a large-scale multichain smart contract and Web3 infrastructure platform, has launched Astar zkEVM on mainnet. This new layer 2 scaling solution for Ethereum is set to shake up the cryptocurrency world. Astar zKEVM is a zero-knowledge Ethereum virtual machine compatible L2 based on Polygon’s Chain Development Kit (CDK).

ASTR price chart ASTR price chart

At the same time, Astar is performing well, inching closer to $0.2200. This positive trend suggests that Astar could rise to $0.2200. Therefore, traders who want to invest in cryptocurrencies for the long term can continue to do so. Additionally, Astar is trading above its key moving averages, which is a good sign for the market.

Moreover, recent trading sessions show that the bulls are in control. Astar has gained momentum and seems ready to go even higher. This activity and momentum supports the optimistic view of market buyers.

5. Bitcoin Minetrix (BTCMTX)

Bitcoin Minetrix We have unveiled an innovative initiative that allows users to stake BTCMTX tokens in exchange for cloud mining credits. The main goal is to decentralize control and provide a secure mining environment for token holders.

Additionally, the platform’s staking pool attracted significant attention, accumulating an impressive stake of over 400,000 BTCMTX tokens. This accumulation resulted in an advertised annual percentage return (APY) of 103,225%. This shows the keen interest of the participants.

During its initial pre-sale phase, Bitcoin Minetrix demonstrated notable market traction. Also, with the pre-sale currently in progress, BTCMTX They successfully raised over $10 million by selling tokens for $0.0132 each.

6. FLOW

Despite the bearish sentiment, Flow shows a greed level of 60 on the Fear and Greed Index. In particular, it maintains a stable position above the 200-day simple moving average. Recent performance indicates a positive trend, with the number of green days increasing by 53% to 16 out of the last 30 days. Additionally, Flow boasts high liquidity, as evidenced by its market capitalization.

FLOW price chartFLOW price chart

Additionally, Flow currently leads the NFT token category by market capitalization and ranks 34th in the layer 1 category. With a strong foundation and community support, Flow is ready to grow. Additionally, collaboration with other networks could push the price of FLOW Coin above $3.81 by 2024.

If the bullish trend in the cryptocurrency market continues, the average price of Flow could stabilize at around $3.45 by 2024. Additionally, Flow’s current market trends and community support position you for future growth. Therefore, investors should monitor collaboration announcements as they may have a significant impact on the value of the coin.

7. Fetch.ai (FET)

Fetch.ai is paving the way for resilience. In particular, it rebounded from the $0.55 support level with a surge in trading volume and a favorable RSI (Relative Strength Index). These factors suggest that a rise towards $1.5 is likely soon.

FET price chartFET price chart

Moreover, the temporarily prevailing bearish sentiment with a greed level of 60 suggests optimism among investors. Moreover, Fetch.ai has seen a surge of 104% over the past year, outperforming 77% of the top 100 tokens.

Meanwhile, FET currently ranks 38th in the Ethereum (ERC20) token category and 50th in the layer 1 category. It also has a strong market position, ranking 7th in the AI ​​cryptocurrency sector. With high liquidity due to its market capitalization, Fetch.ai is a promising investment opportunity within the cryptocurrency landscape.

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