The digital asset has attracted interest from the investor community due to a potential collaboration between the first-layer blockchain Injective (INJ) and the AI-driven blockchain protocol Fetch.AI (FET). Analysts see this collaboration as a positive development that could spark a short-term rally.
Meanwhile, data from Santiment shows significant development progress in the top ten crypto ecosystems, highlighting their innovation and growth potential. Given this, investors are looking for affordable tokens, especially the best cheap cryptocurrencies now trading under $1.
5 Best Cheap Cryptocurrencies
Hedera’s token (HBAR) is currently priced at $0.049684, up 4.02% in the past 24 hours. The Core (CORE) network serves as a first-layer blockchain that supports compatibility with the Ethereum Virtual Machine (EVM). Notcoin (NOT) is trading at $0.006951, up 5.26% in the same time frame.
Meanwhile, Pepe Unchained has attracted attention during its presale, combining the popularity of the meme coin with the advantages of a custom second-layer blockchain. Cardano (ADA) is trading at $0.341929, up 4.58% over the past day.
Bitcoin is expected to approach the $70,000 mark again.
1. Hedera (HBAR)
Hedera is on its way to becoming a widely used and sustainable public network for the decentralized economy. With scalability and efficiency at its core, it enables businesses and individuals to easily create decentralized applications (DApps).
Two notable applications of Hedera include projects by RedSwan CRE and Diamond Standard. RedSwan CRE uses Hedera to transform the commercial real estate industry through tokenization. This process allows for fractional ownership of assets, making real estate investing more accessible to more people.
Importantly, this innovation expands investment opportunities and brings much-needed liquidity to traditionally limited markets. Similarly, Diamond Standard uses Hedera to increase accessibility within the diamond market. In doing so, it enables investors to securely buy, sell, and trade certified diamonds through a transparent digital platform.
As of today, Hedera’s token (HBAR) is valued at $0.049684, having gained 4.02% in the past 24 hours. Price predictions for HBAR suggest that there could be growth before the end of 2024, albeit in a volatile market environment. The forecast places HBAR’s price range in October at $0.049356 to $0.079762, with an average value of $0.06302.
pass
#Hedera
,
@RedSwanCRE
pass
# tokenization
Transforming the world of commercial real estate – democratizing investment opportunities by increasing accessibility and previously untapped liquidity.
#RWA
pic.twitter.com/3b9FlhUwcn
— Hedera (@hedera)
October 26, 2024
This represents an increase of 2.02% compared to the previous month. According to the forecast, this trend could continue until November, when HBAR could reach $0.158362. If so, this would result in an expected gain of 218.05%, assuming favorable market conditions.
2. Core (CORE)
The Core (CORE) network is a first-layer blockchain compatible with the Ethereum Virtual Machine (EVM). This compatibility enables it to support Ethereum-based smart contracts and decentralized applications (DApps).
As of today, the price of Core (CORE) is $0.850281. This reflects a gain of 4.17% in the past 24 hours. Over the past year, CORE has gained 102%, outperforming 59% of the top 100 crypto assets. Notably, this includes outperforming major assets such as Bitcoin and Ethereum. Currently, CORE is trading above its 200-day simple moving average and close to its cycle high.
Over 300 million transactions have been conducted on Core! ??
My warmest congratulations to all the users and developers who made this incredible milestone possible. ?
pic.twitter.com/KGl0VYDEjf
— Core DAO ? (@Coredao_Org)
October 27, 2024
However, market indicators currently reflect a mixed sentiment. While technical signals indicate bearishness, the Fear and Greed Index leans towards Greed with a score of 69. According to current forecasts, the price of CORE could grow by 227.82% by November 26, 2024, potentially reaching around $2.74.
3. Notcoin (NOT)
Notcoin (NOT) is currently trading at $0.006951, having gained 5.26% in the past 24 hours. Despite the recent gains being positive, the overall sentiment remains bearish. However, the Fear and Greed Index shows a ‘greed’ level of 69, suggesting that investor interest is on the rise. This enthusiasm is evident as Notcoin trades close to its cycle high of $0.007056. With decent liquidity compared to the market cap, it does not hold a strong appeal for active traders.
In October, Notcoin could break out of the trend of losing 25.42% last month. The expected trading range is between $0.006958 and $0.023665, with an expected average price of around $0.014074. This could be a growth of 51% compared to last month. For investors, if Notcoin reaches the high end of this range, it would mean a potential gain of 240.42%.
decentralized: 95% in hands of the community (2.8m onchain holders)
huge audience ~50m users
weird but massive Telegram apps trend
old crypto-money doesn't understand it
well : )
— Notcoin (@thenotcoin)
October 24, 2024
Meanwhile, predictions show that the price will continue to rise in November. The forecast suggests a maximum of $0.027734, with a possible trading range of $0.021538 to $0.032916. If this forecast is achieved, investors who buy Notcoin at the current price could earn up to 373.50%, providing a significant opportunity for those seeking short-term gains.
4. Pepe Unchained (PEPU)
Pepe Unchained has attracted attention in the presale space, combining the appeal of memecoins with the practicality of a custom second-layer blockchain solution. The project ranked top in the presale after raising $22.6 million, and currently prices its token at $0.01178. It is worth noting that this price will increase as the presale progresses. Pepe Unchained also offers a staking annualized yield (APY) of 101%, but this rate will decrease as more investors join the staking pool.
One of the main goals of Pepe Unchained is to solve the problem of high transaction fees associated with memecoins on the Ethereum network, which can significantly cut into traders' profits and hinder smaller transactions. To solve this problem, Pepe Unchained introduces a second-layer blockchain built on top of Ethereum that aims to increase transaction speeds and reduce costs. This solution is similar to a "fast lane" that provides faster and more cost-effective transactions while maintaining compatibility with Ethereum.
According to the project's white paper, Pepe Chain is designed to increase token transfer speeds by more than 100 times. This second-layer network will also include a custom decentralized exchange (DEX), an instant bridge with Ethereum, and a dedicated block explorer to improve usability and transparency. Pepe Unchained also updated its website to provide a hub for its expanding ecosystem and highlight upcoming blockchain projects and community initiatives.
$22M!!!
Just wait until you see what's cooking?
pic.twitter.com/4Wuhy2bfyL
— Pepe Unchained (@pepe_unchained)
October 23, 2024
To encourage development on Pepe Chain, the team recently launched the "Pepe Frens with Benefits" grant program. The program invites developers to apply for grants to create projects within the Pepe ecosystem, with the Pepe Unchained committee reviewing the applications. This approach can attract new talent and promote growth, potentially enhancing the platform's usefulness after it goes live.
5. Cardano (ADA)
Cardano (ADA) is currently trading at $0.341929, having gained 4.58% in the past 24 hours. Despite the growth, the overall sentiment remains bearish, while the Fear and Greed Index reflects a “greed” level of 69. Over the past year, ADA’s price has grown by 17%, indicating a moderate but stable performance during this period.
After experiencing a drop of 15.95% last month, Cardano is expected to stabilize, possibly reversing the recent downward trend. Analysts predict a trading range between $0.312551 and $0.412856, with an expected average price of around $0.348142. This would represent a slightly down month-on-month change of -14.39%. However, this volatility could provide opportunities for potential returns of 20.8% in the short term, which is attractive for investors seeking to make modest gains in a month.
In November, analysts predict that this trend will continue and a significant price increase may occur. The price range of Cardano may be between $0.445896 and $0.864925, with an expected maximum of $0.679506. If this prediction comes true, investors who buy ADA at the current price may receive a maximum gain of 153.07%.
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