Crypto Gloom

October 16 6 Cheapest Cryptocurrencies You Can Buy Now for Less Than $1 – Pyth Network, Mantle, XRP, TRON

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By Crypto Gloom

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Institutional investors have driven record Bitcoin open interest on the Chicago Mercantile Exchange (CME), pushing futures premiums to their highest level in five months. This indicates strong belief in Bitcoin’s near-term growth potential.

At the same time, The Open Network (TON) has experienced a significant rise in popularity throughout 2024. By October, the number of $TON token holders had increased by 2400%, reaching over 90 million. This rapid growth has continued steadily since January, with a significant surge in June, with the number of holders exceeding 84 million by October. Given these developments, investors are looking for inexpensive tokens, especially tokens. The cheapest cryptocurrencies you can buy for less than $1 right nowIt takes time and effort.

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

Pyth Network provides a state-of-the-art oracle solution that aggregates data from exchanges, market makers and trading firms to provide accurate pricing information. The price of Mantle (MNT) is $0.624985, up 2.87% in the last 24 hours. Meanwhile, MoonPay, a well-known cryptocurrency payments company, has partnered with Ripple to improve access to XRP.

TRON (TRX), the native token of the TRON blockchain, is gaining attention for its focus on fast transactions and decentralized application (dApp) support. Mastercard has also partnered with the Stellar Development Foundation to integrate Stellar’s blockchain into its Crypto Credential System. Pepe Unchained ($PEPU) has quickly raised $19.9 million, and analysts are predicting further growth potential. finally, Trump family Crypto tokens have been released, but their actual use is uncertain.

1. PYTH Network (PYTH)

Pyth Network provides an innovative oracle solution that aggregates information from exchanges, market makers, and trading firms to provide accurate price data. The main feature is that it uses confidence intervals to represent both market prices and uncertainty. This ensures accuracy during periods of high volatility or low liquidity.

PYTH price chart

Pyth ensures reliable and timely updates by sourcing data directly from native providers. It also supports multi-chain functionality, initially launching with Solana and Pythnet and expanding to other chains via Wormhole, making it accessible across a variety of blockchain ecosystems.

The current price of PYTH is $0.353252, up 1.89% in the last 24 hours. The network’s price prediction sentiment appears to be bullish, supported by a Fear and Greed Index score of 73, which indicates that the market is leaning towards greed. Over the past 30 days, PYTH has recorded 16 days in which the daily close was higher than the daily open, accounting for 53% of the time.

2. Mantle (MNT)

The current price of Mantle (MNT) is $0.624985, up 2.87% in the last 24 hours. Over the past year, prices have soared 92%. Over the past 30 days, Mantle has experienced 19 green days, meaning the daily close was 63% higher than the daily open.

This week, Mantle is expected to trade between $0.623379 and $0.81151. If the upper target is reached, the price could rise by 30.18% to $0.81151 by October 21, 2024.

MNT price chart

According to the forecast, the price range for next week is $0.81151 – $0.95804. If the price reaches the higher target, it could increase by 18.06% to reach $0.95804 by October 28, 2024.

3. Ripple (XRP)

MoonPay, a prominent cryptocurrency payments company, recently partnered with Ripple to improve the accessibility of XRP. This collaboration will allow users to purchase, store and manage XRP directly within the MoonPay app, streamlining the process for new and existing users.

XRP price chart

MoonPay continues its efforts to simplify digital asset management by integrating Ripple’s cryptocurrency. The price of XRP is $0.547609, up 1.19% in the last 24 hours. Last year prices rose 12%.

XRP has also seen strong market activity, with 15 green days in the last 30 days and high liquidity by market cap. This data suggests robust market participation and ease of trading for XRP holders.

4. Tron (TRX)

TRON (TRX), the native cryptocurrency of the TRON blockchain, is attracting attention with its focus on facilitating fast transactions and supporting decentralized apps (dApps). The main goal is to empower digital content creators. As expectations rise for a potential altcoin season and a broader cryptocurrency bull market, TRX trades between $0.16 and $0.17, with a notable price increase of 44.41% over the past six months.

TRX price chart

The coin is approaching the nearest resistance level of $0.17 and has support around $0.15. According to technical indicators, the Relative Strength Index (RSI) is 39.44 and the Stochastic is 26.93, suggesting that an upward trend is possible. The simple moving average for the 10-day and 100-day periods remains stable at $0.16, indicating consistent price action. Despite the slightly negative MACD reading of -0.0006374, TRX’s overall performance is indicative of the growth potential of the evolving market.

Sentiment for TRX remains bullish, with the Fear and Greed Index sitting at 73 (greed). The coin is up 81% over the past year and is trading above its 200-day simple moving average. Over the past 30 days, TRX has experienced 17 “green” days, closing 57% above its daily open price. Additionally, Binance’s high liquidity based on its market capitalization and trading availability further strengthens its strong market position.

5. Stellar (XLM)

Mastercard and the Stellar Development Foundation have partnered to integrate Stellar’s ​​blockchain with Mastercard’s Crypto Credential System. This collaboration aims to solve the problem of cryptocurrency transfer by simplifying the user experience.

The crypto credential system allows users of the Stellar ecosystem to complete crypto transactions using only the recipient’s email address. The system works behind the scenes to link the identities of the sender and receiver to ensure transactions execute as intended while complying with regulatory standards.

XLM price chart

Once integrated, this system can enhance remittance services, providing a secure and compliant solution for digital asset wallets such as Coins.ph, Mercado Bitcoin, and Wirex. This partnership reflects ongoing efforts to improve the accessibility and reliability of blockchain-based transactions.

The price of Stellar is currently $0.094302 and is up 1.09% over the last 24 hours. In the last 30 days, there have been 17 occasions where the close price exceeded the open price on Stellar, indicating potential market interest. However, the future impact of this integration has not yet been fully realized.

6. Baby Unchained ($PEPU)

Pepe Unchained ($PEPU) gained attention after quickly raising $19.9 million, with analysts suggesting there may be more room for growth. The $0.0103 staking protocol offers a strong APY of 111%, but this rate is expected to decrease as more investors join. The project’s token distribution is well structured, with 30% allocated to staking rewards, 20% each to pre-sale and marketing, and the remainder to meet liquidity and operational requirements.

Pepe Unchained’s core innovation is the development of ‘Pepe Chain’, a Layer-2 solution to solve Ethereum’s scalability problems. By offering faster and cheaper transactions, $PEPU could attract meme coin traders who are frustrated by Ethereum’s high fees and slow transaction times.

The project has also launched a grant program ‘Pepe Frens with Benefits’ to encourage developers to build apps on the new chain, with grants starting in the fourth quarter of 2024.

Community support Pepe Unchained It is going strong, with over 12,000 followers on Twitter and receiving positive attention from cryptocurrency influencers. Over 150 million tokens were staked, increasing investor confidence. Although the specific listing date on the exchange is unclear, the project’s momentum indicates potential for further growth.

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