5 Best Cheap Crypto to Buy Now Under 1 Dollar

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5 Best Cheap Crypto to Buy Now Under 1 Dollar – BOOK OF MEME, Beam, Ondo, Jupiter

Insidebitcoin2024/10/15 17:58

coin_news.by:Insidebitcoin

CryptoQuant’s recent analysis highlights that Bitcoin’s price is continuing to follow historical patterns, with its market cycles typically featuring two distinct bullish phases. The platform noted that long-term investors saw substantial profits during both of these upswings, drawing from previous cycles in 2013 and 2020

Meanwhile, TON has seen a surge in popularity throughout 2024, with its token holder count increasing by 2400%. By October 2024, the platform reached over 90 million $TON holders, reflecting its rapidly expanding community. The growth in TON holders has been consistent from January to October 2024, with a major spike occurring in June. By October, the number of token holders had surpassed 84 million. Given these developments, investors are searching for affordable tokens, particularly the best cheap crypto to buy now under 1 dollar, which requires time and effort.

BOOK OF MEME (BOME) is currently at $0.010013, reflecting a 30.74% increase in the last 24 hours. Beam has also experienced significant growth, with its price reaching $0.016398, up 12.37% over the same period. Meanwhile, Pepe Unchained (PEPU) is rapidly gaining momentum, with its presale surpassing $19.4 million and continuing to climb.

Jupiter is drawing attention for its ability to generate revenue for its community, earning $3.38 million in October. Ondo Finance (ONDO) is advancing in decentralized finance by providing access to institutional-grade financial services. Additionally, MicroStrategy has benefited from China’s economic stimulus, which has contributed to Bitcoin’s recent rise.

1. BOOK OF MEME (BOME)

The price of BOOK OF MEME (BOME) stands at $0.010013, marking a 30.74% rise in the past 24 hours. The token has seen growth in 15 out of the last 30 days, representing 50% of the time. It is trading near its recent cycle high of $0.010302 and has demonstrated high liquidity relative to its market cap.

The current sentiment around BOME is bullish, supported by 18 technical indicators signaling positive trends. In the last seven days, BOME has shown strong positive correlations with cryptocurrencies like Aerodrome Finance (AERO), Aave (AAVE), and EigenLayer (EIGEN).

BOME’s price also exhibits a moderate positive correlation with the top 10 coins by market cap (excluding Tether) at 0.567 and with the top 100 non-stable coins at 0.457. A move in these correlated currencies could potentially signal similar movements in BOME’s price, while negatively correlated assets may move in the opposite direction.

In the short term, the forecast for BOME is relatively optimistic. It is predicted to trade between $0.009039 and $0.013471 this week, with a potential 49.03% rise by October 21, 2024. Moreover, the token could reach between $0.013471 and $0.015508 by October 28, 2024, representing an increase of 15.12% at the upper target.

For the remainder of 2024, BOME is expected to trade within a range of $0.009039 to $0.043046. Should it achieve the upper end of this prediction, the price could see a significant increase of 329.12%. However, as always, market conditions and unforeseen factors could impact these forecasts.

2. Beam (BEAM)

Beam’s price has shown a notable rise today, reaching $0.016398, marking a 12.37% increase over the past 24 hours. Recent transactions reveal a wallet connected to Merit Circle depositing 105M BEAM ($1.61M) into a centralized exchange (CEX). This wallet previously received 370M BEAM (worth $5.74M at the time) from Merit Circle’s BEAM Treasury on October 8, 2024, and currently holds 265M BEAM, valued at $4.06M.

Looking at technical analysis from October 14, 2024, Beam’s price outlook appears positive, with 19 indicators suggesting a bullish trend. For the week ahead, BEAM is expected to trade between $0.01607 and $0.023948. If it reaches the upper target, this would represent a 49.03% gain by October 21, 2024.

For the following week, the forecast suggests a price range of $0.023948 to $0.027568. If Beam hits the upper prediction, this would imply a 15.12% rise by October 28, 2024.

In the broader outlook for 2024, BEAM is projected to trade between $0.01607 and $0.076519. Should it reach the higher target, the price could increase by 366.63%, offering substantial potential growth.

3. Pepe Unchained (PEPU

Pepe Unchained (PEPU) is quickly gaining traction, with its presale surpassing $19.4 million and continuing to grow. Recent investments include notable contributions from a large investor, who purchased $50,000, $16,000, and $15,000 worth of tokens in the past week. These tokens were staked, indicating a long-term commitment to the project.

YouTuber Austin Hilton, with over 275,000 subscribers, also shared that he has more than doubled his initial $10,000 investment in PEPU, contributing to the growing buzz around the coin.

A key feature of Pepe Unchained is its Layer 2 blockchain, called Pepe Chain, which aims to address Ethereum’s ongoing limitations. Pepe Chain promises faster transaction processing—up to 100 times quicker—while significantly lowering gas fees. It is fully compatible with Ethereum’s decentralized applications (dApps) and services, enhancing its appeal to users looking for better efficiency.

The project is also advancing in other areas, such as launching the developer grant program ‘Frens with Benefits.’ This initiative seeks to foster development within the ecosystem and attract new talent for dApp creation on Pepe Chain.

An additional draw for investors is the option to stake PEPU tokens after purchase, offering an annual return of 113%. So far, over 1.4 billion tokens have been staked. Investors can buy PEPU tokens for $0.00998 using ETH, USDT, BNB, or a bank card. However, the price is expected to rise in a little over a day, encouraging early buyers to act swiftly.

Visit Pepe Unchained Presale

4. Jupiter (JUP)

Grayscale’s expansion into new crypto assets includes Jupiter (JUP), a DEX aggregator on Solana known for its involvement in meme token trading. Jupiter has gained traction due to its ability to generate fees for its community, with $3.38 million earned in October. This aligns with Grayscale’s focus on financial projects that create value through decentralized operations.

In the financial project category, Grayscale is also considering newer DEX platforms like Aerodrome, Injective, and Mantra alongside older projects like ThorChain. This shift signals Grayscale’s interest in innovative DeFi models.

Jupiter’s total value locked (TVL) has reached a record $1.32 billion, while its market cap sits at $1.16 billion, suggesting potential undervaluation. Despite its current trading price of $0.85, the token is expected to rise as interest in meme tokens grows and Jupiter improves trading technology and liquidity management.

Jupiter’s role in the upcoming DeBridge DBR token launch, scheduled for October, showcases its involvement in innovative liquidity solutions. The launch emphasizes fair distribution and price stability, using Jupiter’s liquidity tools to prevent price manipulation.

Overall, Jupiter’s inclusion in Grayscale’s potential listings reflects its growing importance in decentralized finance. The project’s expansion, along with Grayscale’s broader interest in newer DeFi models, highlights the sector’s continued evolution and relevance in the crypto market. However, like all crypto assets, Jupiter remains influenced by market trends and investor sentiment.

5. Ondo (ONDO)

Ondo Finance (ONDO) is making strides in decentralized finance by focusing on providing access to institutional-level financial services. Founded in 2022 and based in the Cayman Islands, Ondo leverages blockchain technology to create an ecosystem that connects traditional finance with decentralized protocols. Its commercial partner, Ondo Finance, works closely with the Ondo Foundation to advance the tokenization of real-world assets.

Currently, the price of Ondo Finance stands at $0.753211, reflecting a 9.51% increase in the last 24 hours. The project has shown resilience, with 16 out of the last 30 days (53%) registering price increases, or “green days.” This performance, coupled with high liquidity relative to its market cap, suggests a growing interest in the token.

According to projections, the price of ONDO could rise by 227.99%, reaching $2.45 by November 2024. While the current market sentiment appears neutral, as indicated by a Fear & Greed Index score of 48, the recent 30-day volatility of 8.89% signals that ONDO has experienced moderate price fluctuations. Overall, with a solid track record and a positive forecast, Ondo Finance presents a potentially favorable opportunity for investors.