Marathon Digital, a Bitcoin mining company based in the United States, has added 1,300 BTC to its holdings. This purchase comes after Bitcoin briefly surpassed the $100,000 mark before retreating to $99,200 at the time of writing. According to data from CoinGecko, Marathon now holds the second-largest corporate Bitcoin holder position, with only MicroStrategy ahead.
Blockchain analysis platform Lookonchain reports that the recent acquisition cost the company $130.66 million. A few days prior, Marathon purchased another 1,423 BTC for $139.5 million. These two transactions total $270.12 million at the current Bitcoin price. Meanwhile, investors are also searching for affordable tokens, particularly the best cheap crypto to buy now under 1 dollar.
5 Best Cheap Cryptos to Invest Now Under 1 Dollar
Telcoin (TEL) is valued at 0.006722, marking a 4.03% rise in the past 24 hours. VeChain (VET) is trading at $0.06944, reflecting a 2.32% gain during the same period. SPX6900 is priced at $0.7498, recording a 3.85% increase over the last day. Meanwhile, eCash holds the 114th spot in market rankings, with a current price of $0.00005384.
Flockerz ($FLOCK) has successfully raised over $5.1 million in its presale just two months after its launch. In other developments, Donald Trump has selected former SEC Commissioner Paul Atkins to lead the agency.
1. Telcoin (TEL)
Telcoin (TEL) is priced at 0.006722, showing a 4.03% increase in the last 24 hours. The token’s market capitalization has risen by 4.33%, reaching 616.70 million, while its daily trading volume is approximately 3.66 million. This gives a volume-to-market cap ratio of 0.5953%, indicating moderate trading activity.
Over the past year, Telcoin’s price has grown by 157%. It has outperformed 63% of the top 100 cryptocurrencies, including Bitcoin and Ethereum. The token is trading well above its 200-day simple moving average, currently at 0.001789. It maintains a premium of 275.73% over this level, suggesting a continuation of its bullish momentum.
Current market sentiment is also positive. The Fear & Greed Index is at 79, which reflects an “Extreme Greed” level. Over the last 30 days, Telcoin has seen 19 green days, indicating positive movement during 63% of this period.
By December 2024, Telcoin is expected to trade within a range of 0.006729 to 0.006894, with an average price near 0.006803. If this forecast is accurate, investors could see a potential return of 2.55% from the current price levels.
2. VeChain (VET)
VeChain (VET) has introduced the Renaissance Protocol, an upgrade designed to position its blockchain for broader adoption and adapt to evolving technological demands. This initiative focuses on enhancing tokenomics, improving compatibility with Ethereum, and offering new tools to attract developers and institutions.
In a recent announcement via X, VeChain unveiled the “VeChain Renaissance” initiative. The goal is to modernize its blockchain ecosystem and align it with global industry standards. These updates aim to improve the platform’s utility and expand its potential for real-world applications.
The changes include restructured tokenomics, which seeks to enhance the blockchain’s economic model. Additionally, VeChain has improved its interoperability with Ethereum, which could broaden the ecosystem’s connectivity. New tools have also been introduced, targeting greater accessibility for developers and businesses.
https://t.co/7M6hfmKdNG
— VeChain (@vechainofficial) December 5, 2024
Currently, VET is trading at $0.06944, reflecting a 2.32% increase in the last 24 hours. The Fear & Greed Index shows an extreme greed score of 79, which suggests strong investor interest. Over the past year, VeChain has risen by 151%, outperforming 63% of the top 100 cryptocurrencies, including Bitcoin and Ethereum.
VET trades above its 200-day simple moving average, which signals bullish momentum. In the last 30 days, the coin recorded 19 days (63%) where the daily closing price exceeded its opening price. Its high liquidity, supported by a significant market cap, has made it appealing to traders and investors.
3. SPX6900 (SPX)
SPX6900 is priced at $0.7498 and has seen a 3.85% increase over the past day. The market capitalization is $698.07 million, while the 24-hour trading volume is $28.18 million. This results in a Vol/Mkt Cap ratio of 4.03%, indicating active market liquidity.
The token’s fully diluted valuation (FDV) is approximately $749.68 million, with a total supply of 930.99 million SPX and a maximum cap of 1 billion SPX. Over the past year, SPX6900 has recorded an extraordinary 11,939% price increase. It has also outperformed 96% of the top 100 crypto assets, including Bitcoin and Ethereum. This significant performance places it close to its cycle high of $0.7639.
By December 2024, SPX6900 is projected to trade within a range of $0.7222 to $1.9674. The average price is estimated to reach $1.1950, suggesting a possible 59.95% increase from current levels. If the token achieves the forecasted average, investors may see a potential return on investment of 163.34%.
2025 SPX6900 is forecasted to trade between $1.2285 and $3.40. The average price is expected to be around $1.9647. January 2025 is predicted to be the most optimistic period, with a potential price growth of 355.18% compared to current levels.
4. eCash (XEC)
eCash (XEC) is a cryptocurrency that emerged as a rebranding of Bitcoin Cash ABC (BCHA), originating from the Bitcoin Cash (BCH) community. It is designed to function as a scalable and efficient digital currency for daily transactions. The project focuses on improving usability by enhancing transaction speed, reducing fees, and incorporating smart contract functionality. These features aim to make the currency more practical for real-world use.
eCash is built to handle a high volume of transactions, prioritizing scalability to meet the demands of a growing user base. The network also emphasizes low transaction costs, which makes it particularly appealing for microtransactions and everyday payments. Additionally, including smart contracts allows developers to create decentralized applications (dApps), further expanding its potential use cases.
Building Never Stops! 👨🏻💻
📣 Bitcoin ABC 0.30.6 is here! 🚀
This release adds the Chronik indexer to the MacOS node version, a bug fix for nodes with avalanche disabled (non default) as well as several under-the-hood improvements. 🛠️
Download it here 👇 https://t.co/OTiEM2LVGp
— eCash (@eCashOfficial) December 3, 2024
Currently, eCash has a market rank of 114 and a price of $0.00005384. Its market capitalization is approximately $1.07 billion, while its 24-hour trading volume is $48.86 million.
5. Flockerz ($FLOCK)
Flockerz ($FLOCK) has raised over $5.1 million during its presale, just two months after its launch. This milestone reflects the growing interest in its vote-to-earn (V2E) model, which gives holders a direct role in shaping the project’s direction. Through V2E, $FLOCK token holders can vote on decisions like treasury use and protocol upgrades. Participants are rewarded with $FLOCK tokens, creating a governance system that emphasizes decentralization.
The presale’s rapid success has drawn comparisons to Peanut the Squirrel ($PNUT), which recently achieved a $1 billion market cap. Unlike many meme coins that follow dog-inspired themes, Flockerz sets itself apart with its community-driven approach. This could help it stand out in the highly competitive meme coin market, which now has a total valuation of $122.69 billion.
At its current presale price of $0.0062995, some analysts predict significant upside potential for $FLOCK. Predictions suggest the token could deliver substantial returns, though much depends on future exchange listings and sustained community interest. Investors should approach such forecasts cautiously while considering the token’s potential benefits.
🔥 The Flocks on Fire! 🔥
5 million ways to say The Flock's on top! What a massive milestone, it couldn't have happened without every member of the flock putting out the good word!
To the Top! With The Flock! 🚀🚀 pic.twitter.com/89co1o8qkT
— Flockerz (@FlockerzToken) December 7, 2024
To ensure security, Flockerz has been audited by Coinsult and SolidProof, which confirmed its smart contracts are error-free. Investors can also stake their tokens for an annual percentage yield (APY) of 502%, enabling holders to increase their holdings and voting power. With 2 days left in this presale stage, $FLOCK is moving toward its $5.5 million funding goal.
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