5 Best Cheap Cryptocurrencies to Buy Under 1 Dollar October 18 – Jupiter, Kaspa, Notcoin, Algorand

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Insidebitcoin2024/10/18 15:43

coin_news.by:Insidebitcoin

The cryptocurrency bull market is gaining strength as several altcoins show early signs of bullish momentum. TradingView data reveals that the total market capitalization of altcoins is forming higher lows, suggesting a possible upward breakout.

Following a significant decline in early August, the altcoin market cap has posted three consecutive higher lows, signaling the development of an upward trendline. This pattern reflects growing optimism in the altcoin sector. The latest recovery occurred on October 3, with the market cap rebounding from a support level of $844.5 billion to around $908.04 billion at the time of writing. In light of this, investors are searching for affordable tokens, particularly the best cheap crypto to buy now under 1 dollar.

5 Best Cheap Cryptocurrencies to Buy Under 1 Dollar

Jupiter is currently valued at $0.851293, showing a 3.28% increase in the last 24 hours. Meanwhile, Kaspa (KAS) is trading at $0.128424, up by 2.21% over the same period. Notcoin (NOT) has a price of $0.008049, reflecting a 2.93% rise in the past day.

In the decentralized finance (DeFi) sector, Flockerz is gaining attention with its vote-to-earn model. Since its presale launched in September, it has successfully raised over $754,000, indicating significant interest from investors. Additionally, Algorand (ALGO) is priced at $0.1207, marking a 2.05% increase in the last 24 hours. Meanwhile, the FBI has arrested an individual linked to a fraudulent Bitcoin post on an SEC X account.

1. Jupiter (JUP)

Jupiter’s current price is $0.851293, reflecting a 3.28% increase over the past 24 hours. The price has fluctuated between $0.73 and $0.84, with the next resistance level at $0.88. If this resistance is surpassed, the price could approach the $1 mark, representing a potential gain of over 20% from its current value.

Recent performance shows Jupiter gaining 13.40% over the last week and 13.00% in the past month, indicating a positive trend. The Relative Strength Index (RSI) of 41.31 suggests the token has room for further growth without being overbought. Although the MACD is slightly negative at -0.0106, there is a possibility of a bullish reversal.

Jupiter is trading significantly above its 200-day simple moving average (SMA), with a price that is 25,380.61% higher than the $0.003332 level. Its liquidity is also strong relative to its market capitalization.

2. Kaspa (KAS)

Kaspa (KAS) is currently priced at $0.128424, reflecting a 2.21% increase over the last 24 hours. Over the past year, the asset has surged by 179%, and notably, it has outperformed 71% of the top 100 cryptocurrencies, including Bitcoin and Ethereum. Moreover, the price is trading significantly above its 200-day simple moving average (SMA) by 101.81%, with the current SMA set at $0.063593. This indicates that Kaspa benefits from strong liquidity in relation to its market capitalization.

Looking ahead to October 2024, despite a negative market trend last month, during which Kaspa’s price declined by 25%, analysts project a reversal. The forecasted trading range for the month is expected to be between $0.128888 and $0.4399, with an average value of $0.261363. This suggests a potential price increase of 52.83%. If these projections hold, investors could see a potential return of 242.97%.

Furthermore, in November 2024, Kaspa’s price is expected to continue its positive momentum. Forecasts indicate a rise to $0.515659, with the anticipated price range between $0.40031 and $0.61211. This scenario could provide investors with a potential return of 377.24%, based on the current price.

3. Notcoin (NOT)

The current price of Notcoin (NOT) stands at $0.008049, reflecting a 2.93% increase over the past 24 hours. Over the last 30 days, the coin has experienced 15 green days, meaning that the daily close price exceeded the daily open price 50% of the time. Additionally, Notcoin is noted to have high liquidity relative to its market cap. However, despite this liquidity, the overall market sentiment remains bearish. Out of 17 technical indicators analyzed, 16 signal bearish trends, while only one suggests a potential bullish outcome.

Looking at October 2024, despite the generally bearish sentiment, Notcoin saw a positive price trend in the previous month, gaining 10.05%. With this momentum, forecasts suggest a continued upward movement throughout October. Prices are expected to fluctuate between $0.008031 and $0.027358, with the average price for the month potentially reaching $0.016264. If this projection holds, investors could see a return of around 240.32%. This potential growth builds on the upward trend seen last month, indicating that market participants may still have opportunities for profit.

4. Flockerz ($FLOCK)

Flockerz is attracting attention in the decentralized finance (DeFi) space with its vote-to-earn model. Since its presale began in September, it has raised over $754,000, signaling strong investor interest. The project’s governance system, FlockTopia, allows FLOCK token holders to participate in decision-making by voting on key issues such as development strategies and token burns. In return, voters receive FLOCK tokens, incentivizing active participation.

With a token price of $0.005793 and staking rewards offering a high 2309% APY, Flockerz’s structure appears to favor early investors. Moreover, 20% of the total token supply is allocated to the presale, while 25% is dedicated to staking rewards.

Unlike many meme coins, which leave decisions to developers, Flockerz places control in the hands of its community. This has contributed to the project’s growing online presence, with over 2,400 Twitter followers and 1,400 members on Telegram. According to 99Bitcoins, Flockerz could potentially deliver 10x to 100x returns, though this is speculative and will depend on market conditions.

The project has also bolstered its credibility through a recent audit by Coinsult, which found no security issues. Combined with previous audits from SolidProof, Flockerz has boosted investor confidence.

Visit Flockerz Presale

5. Algorand (ALGO)

Algorand (ALGO) is currently priced at $0.1207, reflecting a 2.05% increase over the past 24 hours. Over the last year, the price has risen by 35%, with 15 out of the past 30 days showing positive gains. This indicates a relatively stable performance, as 50% of recent trading days have closed higher than the daily opening price. ALGO also benefits from strong liquidity due to its market capitalization.

Following a slight decline last month, where the price dropped by 0.36%, a positive shift is anticipated in October. Projections suggest a price range between $0.114363 and $0.132395, with an average value of $0.122163, representing a potential 0.85% rise from the previous month. Investors may see a return of 9.69% if this forecast holds.

Looking ahead to November, the market trend is expected to continue positively, with a potential price increase to $0.160733. Predictions indicate a trading range from $0.135116 to $0.188358. Investors buying at the current price could realize gains of up to 56.05% if the price reaches the upper range.

By December, ALGO is projected to trade between $0.154196 and $0.165795, which would result in a 31.48% increase compared to today’s price. If the average price for the month hits $0.158699, investors could achieve a return of 37.36%.