As the Bitcoin halving approaches, the market is experiencing a major rally, pushing the overall greed index to the top. Many cryptocurrencies have seen significant gains, sparking investor enthusiasm for the opportunities this rally presents. Low-priced coins have become attractive options for traders seeking cost-effective market entry points.
However, investing in sub-1 cent coins requires careful research. Therefore, this article has compiled a list of some of the most affordable coins on the crypto market, offering potential returns, highlighting the importance of thorough analysis before making an investment decision.
7 Best Low-Price Cryptocurrencies
Investors are working to uncover the next big opportunity in the cryptocurrency market, especially those priced below 1 cent. This has increased interest in tokens such as Bonk, TUK, and ADA, especially during the current market rally. Meanwhile, bullish bets on Dogecoin have surged to a record $1 billion, with open interest levels for DOGE futures contracts reaching a record $1 billion.
1. Bonk (BONK)
Bonk is powered by the Solana blockchain and is currently enjoying positive volatility in the memecoin category. In the past intraday trading, BONK has gained 56% to reach a trading price of $0.000021. This increase has brought its market capitalization to over $1.4 billion, making it the 62nd largest cryptocurrency.
Likewise, it is the third largest coin in the memecoin category. Notably, BONK is currently trading above its 200-day simple moving average and close to its cycle high of $0.00002264. This wave of positive trend will push the coin more into the spotlight. Moreover, analysts are bullish on Bonk, predicting an uptrend driven by extreme greed sentiment.
The Fear & Greed Index is currently at a high of 80, and investors continue to trade a large number of Bonk tokens. Due to the increase in trading, Bonk's trading volume increased by 178% to $920 million. Similarly, social activity around Bonk has also surged. Since February 25, the social number has increased by 320%, with a large participation on platforms such as X and Telegram.
2. Shiba Inu (SHIB)
Shiba Inu released the 14th issue of Shib Magazine on Wednesday, in partnership with Zama, an open-source cryptography company based in Paris. The announcement pushed the price of Shiba Inu to $0.00001, surpassing its critical resistance level of $0.000009. Therefore, the optimism surrounding SHIB hints at a potential rally as it evades the indicators of a bear market.
As of publishing time, SHIB has gained 34% in the past 24 hours, reaching a high of $0.00001439 in two days, effectively removing one zero. In addition, several key indicators are positive, further strengthening confidence in the Shiba Inu uptrend.
3. BitTorrent (New) (BTT)
As the upcoming Bitcoin halving draws market attention, BitTorrent has attracted market attention as an affordable alternative to Bitcoin. The current market rally has filled BTT's trend with positive indicators. In the past 24 hours, BTT has risen by 18.32% to $0.0000013. This increase reflects the bullish sentiment towards BitTorrent, further supported by the Greed Index of 80.
This high greed index indicates extreme greed among investors and signals increased trading activity. In a broader context, BTT has performed exceptionally well over the past year. Its price surged by 74%, surpassing the 58% among the top 100 crypto assets. Moreover, it is trading above the 200-day simple moving average, indicating a positive trend.
4. eTukTuk (TUK)
eTukTuk aims to change the way transportation is done in developing countries and around the world through its AI-based sustainable transportation solutions. By using blockchain technology, eTukTuk is building the charging infrastructure of the future. This project highlights the environmental issues caused by traditional tuk-tuks, which are known for their high pollution levels.
In addition, the project’s white paper highlights the significant impact that internal combustion engine tuk tuks and other two- and three-wheeled vehicles have on developing countries. It therefore highlights the need for sustainable alternatives.
Additionally, the eTukTuk token presale has gained momentum, raising over $1.5 million. The current price per TUK token is $0.0275, which is expected to rise in the upcoming presale phase. As the presale enters the next phase of 8 days, the TUK token will experience a potential price increase. This provides investors with a window to take advantage of the opportunity before the current token price rises.
5. JasmyCoin (JASMY)
Jasmy aims to harness the potential of the Internet of Things, introducing new applications that have caught the attention of investors. In the past 24 hours, Jasmy experienced a rally that reached 18/30 green candlesticks. It rose by 15% to reach a trading price of $0.01811 (05:06 EST). This rally increased the trading volume by 77% to $579 million.
It is noteworthy that JasmyCoin has increased in value by 235% in the past month. The increase was driven by increased user engagement and the recent listing on Guarda Wallet. Prior to this rally, JasmyCoin had been trading in the $0.006 range since the beginning of the year. However, recent market dynamics indicate a shift in momentum, with bullish forces pushing the price towards an upward trend.
Technical analysis of JasmyCoin’s price action shows a bullish bias – the coin is trading within a bullish triangle pattern. Therefore, analysts expect to continue to see bullish momentum as we head into the new month, with the potential for further gains.
6. Klaytn (KLAY)
KLAY is one of the low-priced coins that has printed gains in the current rally and the analysis of this coin is bullish. Strengthening this view is the extreme greed reading of 80, with investors trading the coin. This has caused the coin to gain 6.63% in the past 24 hours, lifting its price to $0.256100.
Additionally, Klaytn’s market price increased by 6.17% to $882.741 million. Similarly, trading volume increased by 64.93% to $675.974 million. Despite these positive moves, KLAY is trading approximately below its cycle high of 4.78%. However, it is still significantly above its cycle low of 137.27%.
Furthermore, technical analysis shows that Klaytn is trading above its 200-day simple moving average, indicating a favorable trend. Moreover, in the past 30 days, KLAY has experienced 17 green trading days, accounting for 57% of the trading cycle. This puts the token close to its cycle highs amid high liquidity, as evidenced by its market cap.
7. Cardano (ADA)
Bitcoin’s rise to $64,000 has sparked investor optimism, especially in the altcoin market. Cardano caught the attention of market watchers after printing 18/30 green candlesticks. ADA’s price rose from $0.49 to $0.61 during this period, a growth of 30%.
Correspondingly, its market capitalization has surged from $17 billion to $21 billion. Moreover, the technical analysis of Cardano (ADA) shows a favorable outlook.
The coin is trading above its 100-day and 200-day exponential moving averages and is showing a positive technical indicator of 27. As a result, this bullish sentiment has led many analysts to predict further price increases for ADA, which is expected to reach $0.85 by the second quarter of 2024.
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