A cryptocurrency analyst has identified a Golden Cross pattern on the chart for the total market cap of altcoins, indicating the potential onset of a long-anticipated altcoin season. This pattern forms when the “9” Simple Moving Average (SMA) crosses above the “20” SMA, a signal often associated with strong seasonal growth for altcoins.
During a recent episode of the Altcoin Buzz podcast, the analyst discussed the implications of this Golden Cross for the altcoin market. He also pointed to additional fundamental factors that appear to support the likelihood of a robust altcoin season. In light of this positive outlook, 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
Solaxy ($SOLX), recognized as the first Layer-2 solution on Solana, has successfully raised $6 million during its presale, marking a significant milestone for the project. Meanwhile, StarkNet (STRK) is valued at $0.4817, reflecting a 2.20% rise over the past 24 hours.
Flare (FLR) has climbed 2.95% within the same timeframe, trading at $0.027059. Cardano (ADA) is priced at $0.892, showing a 2.62% gain over the last day. Similarly, EOS has seen a slight uptick of 0.74%, trading at $0.7957. Additionally, investors increasingly leverage cryptocurrency donations to charities to benefit from tax incentives.
1. Solaxy ($SOLX)
Solaxy ($SOLX), the first Layer-2 solution built on Solana, recently achieved a major milestone by raising $6 million in its presale. The project aims to address Solana’s growing network issues, such as congestion, scalability challenges, and transaction failures, which have become more pronounced as the blockchain gains popularity.
Solana’s rise as a high-speed, low-cost platform has made it a favorite for launching meme coins and other blockchain applications. However, this success has also created bottlenecks, with spam transactions and high failure rates during peak periods. Solaxy seeks to alleviate these problems by optimizing transaction flow and offloading congestion through its Layer-2 framework.
One of Solaxy’s key features is its multi-chain design, which connects Solana’s performance capabilities with Ethereum’s liquidity and DeFi infrastructure. Solaxy offers users and developers the advantages of both ecosystems by enabling seamless interaction between the blockchains. This integration addresses Ethereum’s ongoing scalability challenges while enhancing Solana’s interoperability and reliability.
While Solana’s developers are already working on solutions, such as the QUIC protocol and the Firedancer upgrade, these efforts alone may not fully resolve its network limitations. Solaxy complements these improvements by offering an additional layer of scalability and efficiency.
By bridging Solana and Ethereum, Solaxy has the potential to create a more interconnected blockchain environment. Though still in its early stages, the project’s approach to tackling persistent network issues could make it a valuable addition to the evolving blockchain ecosystem.
Visit Solaxy Presale
2. Starknet (STRK)
StarkNet (STRK) is priced at $0.4817, showing a 2.20% increase in the last 24 hours. The token has a market cap of $1.08 billion, up 2.47%, with a 24-hour trading volume of $105.48 million, representing an 18.15% growth. STRK’s fully diluted valuation (FDV) stands at $4.81 billion, with a circulating supply of 2.25 billion STRK out of a total and max supply of 10 billion STRK.
The sentiment for STRK’s price remains bearish despite the Fear & Greed Index showing 74 (Greed). Analysts predict that StarkNet could close the year trading between $0.468914 and $0.564388, with an average December price of $0.513109. This would reflect a 6.38% increase compared to current prices, offering investors a potential ROI of 17.02%.
The StarkWare x Realms Agent Hackathon has begun and runs until January 31st, featuring:
> $250k+ in grants
> Direct coaching from Eliza’s core contributors
> Meet top Starknet builders
> On-demand Q&A sessions
Our future is agentic anon; this is your chance to build it. pic.twitter.com/7Br4CcBhup
— Starknet 🐺🐱 (@Starknet) December 27, 2024
StarkNet continues to expand its ecosystem, encouraging developers and users to leverage its technology. With ongoing innovation and a focus on builder engagement, StarkNet could see increased adoption and a stronger position in the blockchain space.
3. Flare (FLR)
Flare (FLR) is trading at $0.027059, up 2.95% in the last 24 hours. Its market cap is $1.48 billion, reflecting a 3.20% increase, with a 24-hour trading volume of $7.15 million (+31.77%). Flare has a total supply of 102.87 billion FLR and a circulating supply of 54.95 billion FLR. Over the past year, FLR has risen 59%, outperforming 60% of the top 100 cryptocurrencies. FLR has had 15 green days out of the last 30, indicating a 50% positive daily close rate.
Flare is predicted to end in December 2024, trading between $0.027153 and $0.032827, with an average price of $0.029779. This suggests a potential price increase of 9.98%, providing investors with a potential ROI of 21.23% if predictions hold.
Your $XRP can now sing a new tune 🐦
FAssets are LIVE on Songbird, @FlareNetworks' canary network, with the mainnet launch coming soon.
Mint FAssets, explore DeFi, and be rewarded!
Find out how to get started: https://t.co/DQyk4zPFWo pic.twitter.com/rPQa5eZ7bg
— Flare ☀️ (@FlareNetworks) December 18, 2024
With a neutral market sentiment and the Fear & Greed Index at 74 (Greed), Flare is steadily gaining traction as its ecosystem expands. The integration of FXRP and upcoming support for FBTC and FDOGE further solidify Flare’s potential as a prominent blockchain platform.
4. Cardano (ADA)
Cardano (ADA) is trading at $0.892, reflecting a 2.62% increase in the last 24 hours. Its market capitalization stands at $31.33 billion, with a 24-hour trading volume of $836.8 million, which has risen by 15.39%. Cardano has a circulating supply of 35.13 billion ADA out of a maximum supply of 45 billion ADA, resulting in a fully diluted valuation (FDV) of $40.14 billion.
Over the past year, Cardano’s price has risen by 38%, outperforming 51% of the top 100 cryptocurrencies. The asset trades above its 200-day simple moving average, signaling bullish momentum. With high liquidity in proportion to its market cap and a neutral price prediction sentiment, Cardano remains a strong contender in the cryptocurrency market. The current Fear & Greed Index is 74 (Greed), indicating positive market sentiment toward the asset.
Looking ahead, Charles Hoskinson, the founder of Cardano, recently expressed his excitement about the lightweight wallet Lace. Developed by Input Output, Lace has begun to gain momentum, with users increasingly transitioning from the popular Nami wallet. Hoskinson predicts that by 2025, Lace will be a “powerhouse” within the Cardano ecosystem, bolstering its growth and adoption.
With these developments, Cardano’s ecosystem is poised for further expansion. Analysts suggest continued price growth as Cardano integrates new features and tools. Its robust development activity and ongoing advancements position it well to strengthen its role as a leading blockchain platform in the years to come.
5. EOS (EOS)
EOS is currently priced at $0.7957, with a slight increase of 0.74% over the past day. Its market cap stands at $1.22 billion, indicating a solid presence in the cryptocurrency market. The trading volume over the last 24 hours is $158.34 million, suggesting active trading and liquidity.
The price graph shows EOS trading above the 200-day simple moving average (SMA) at $0.699531, which traders often consider a bullish signal. However, the sentiment for EOS price prediction is bearish, contrasting with the current trading dynamics. The Fear & Greed Index 74 indicates greed, suggesting that market sentiment might lean towards optimism or speculative buying despite the bearish outlook.
December EOS Block Producer Meeting Recap 🤝🙋♂️
The December 2024 $EOS Block Producer (BP) meeting brought together 17 BPs, 31 attendees, and the $EOS Network Foundation (ENF) to discuss crucial updates for the EOS ecosystem. Here are the key takeaways from the meeting:
🔸 Plans… pic.twitter.com/m8dUYjvLTL
— EOS Network (@EOSNetworkFDN) December 24, 2024
EOS is predicted to trade between $0.813056 and $0.824953 by December 2024, with a potential ROI of 1.41% from today’s prices. This modest increase suggests stability but limited growth in the short term. For 2025, forecasts are more optimistic. EOS is expected to trade between $0.810155 and $1.447421, hinting at a possible significant growth if the market conditions favor bullish trends. Given these dynamics, EOS is in a consolidation phase with growth potential.
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