Bitcoin (BTC) is anticipated to embark on a significant upward trend following the 2024 U.S. Presidential election. As former President Donald Trump and Vice President Kamala Harris prepare to compete, the digital asset community is keenly awaiting the election results after voting concludes.
Spot On Chain provided insights into Bitcoin’s historical performance post-election. Their analysis suggests that the leading cryptocurrency typically experiences a surge in momentum following elections, potentially leading to a substantial bull run. The platform indicates that regardless of whether Trump or Harris emerges victorious, Bitcoin is poised for upward movement, with altcoins likely to follow suit. In light of this, experts believe that tokens, particularly those priced under 1 dollar, are poised for a rally. This article compiles the best cheap crypto to buy now under 1 dollar.
6 Best Cheap Crypto to Buy Now Under 1 Dollar
Ondo (ONDO) is establishing itself as a significant player in decentralized finance to make institutional-level financial services more available to the general public. Polygon (MATIC) is currently valued at $0.36824, reflecting a slight 0.14% dip over the last day.
Meanwhile, BitPay’s wallet app has added support for Arbitrum, marking a key advancement in BitPay’s efforts to improve Web3 accessibility. Today, Stellar is priced at $0.09074, down 1.86% over the past 24 hours. Pepe Unchained’s presale in a tough market environment has now surpassed the $24 million mark. Finally, Bitcoin’s November performance may face challenges due to potential election-related volatility.
1. Ondo (ONDO)
Ondo (ONDO) is positioning itself as a notable force in decentralized finance, aiming to make institutional-grade financial services more accessible to a broader audience. Established in 2022 and based in the Cayman Islands, Ondo creates a bridge between traditional finance and blockchain technology. This effort is driven by the Ondo Foundation, in close collaboration with its commercial partner, Ondo Finance, focusing on decentralized protocols and tokenizing real-world assets.
Currently, ONDO is priced at 0.608566, showing a decrease of 1.81% in the past 24 hours. Its 24-hour volume-to-market cap ratio is 0.2660, reflecting substantial liquidity relative to its market cap. This high ratio points to active trading and interest in the asset.
The forecast suggests a potential shift in market direction toward November 2024. The price may range from 0.628235 to 2.13, with a midpoint estimate of 1.239919. If this trend materializes, investors buying now and selling at the projected peak could see returns of around 248.92%.
2. Polygon (MATIC)
Polygon (MATIC) is priced at 0.36824, showing a slight decrease of 0.14% over the past 24 hours. Despite this, the overall market sentiment for Polygon is bearish, although the Fear & Greed Index indicates a “Greed” level of 69.
Polygon has shown positive performance compared to its original sale price. It also maintains solid liquidity relative to its market cap, which signals steady investor interest. Current projections suggest a potential price increase of approximately 14.97%, bringing it to around 0.422785 by December 4, 2024. However, with technical indicators pointing to a bearish trend, this may not be the best time for new investments.
Over the past 30 days, Polygon has experienced positive movement on 13 out of 30 days, with moderate price volatility at 1.33%. This pattern shows some market support but also suggests short-term uncertainty.
3. Conflux (CFX)
Conflux (CFX) is a layer-1 blockchain platform that supports decentralized applications (dApps), e-commerce, and Web 3.0 infrastructure. Built with a focus on scalability, security, and decentralization, Conflux aims to address the limitations seen in existing blockchain networks. It demonstrates high liquidity, with a 24-hour volume-to-market cap ratio of 0.3058.
At present, the market sentiment around CFX appears bearish. Meanwhile, the Fear & Greed Index signals a 69, indicating a “Greed” level. This suggests that, despite a cautious outlook, investors are still notably interested in the token.
🚀 Our October Progress Report is out! Catch up on everything Conflux has achieved this month.https://t.co/WUtSnzTmL3
🔹 New partnerships with @SmartStateTech, @Footprint_Data, and @Copx_AI to strengthen dApp security, analytics, and AI-driven trading 🤝
🔹 Represented at…
— Conflux Network Official (@Conflux_Network) November 1, 2024
In November, analysts suggest Conflux could experience a potential uptrend. Forecasts place its price between 0.1343 and 0.4562, with an average target of 0.2656. If current prices hold, investors might see up to 238.98% gains.
4. Arbitrum (ARB)
Arbitrum is now supported on BitPay’s wallet app, marking a notable step for BitPay as it seeks to enhance Web3 accessibility. As one of the leading cryptocurrency payment service providers, BitPay’s expansion broadens the capabilities within its self-custody wallet, giving users more options to manage digital assets.
This update allows users to buy assets, securely store tokens, swap between cryptocurrencies, and cash out. They can also access decentralized applications (dApps), all from a single interface. This setup will likely appeal to users looking for an efficient way to engage with Web3, offering more simplicity in navigating the crypto space.
Arbitrum’s current price is 0.478615, reflecting a 0.88% decline over the past 24 hours. Market sentiment around Arbitrum remains bearish, even though the Fear & Greed Index is at 69, indicating market greed. Despite the current sentiment, Arbitrum maintains high liquidity relative to its market cap. According to forecasts, Arbitrum could experience a 227.75% price increase, potentially reaching 1.576764 by December 4, 2024.
5. Nexo (NEXO)
Nexo is trading at $0.982937, reflecting a 1.69% increase over the past 24 hours. Despite this rise, the overall sentiment around Nexo remains bearish. In contrast, the Fear & Greed Index indicates a level of 69, which suggests a prevailing sense of greed among market participants. Over the past year, Nexo’s price has appreciated by 41%, outperforming 51% of the top 100 cryptocurrencies.
Nexo trades 5.80% above its 200-day simple moving average (SMA) of $0.930415. This indicates a positive trend in recent months. Additionally, Nexo has experienced a relatively high frequency of gains. Specifically, 17 out of the last 30 days ended with price increases, accounting for about 57% of the time.
Forecasts for November suggest a potential price range between $0.97706 and $1.539209. Analysts anticipate that Nexo could reach as high as $1.238894. If these projections are accurate, investors may see an approximate return on investment (ROI) of 56.59% if they purchase at the current price and sell at the predicted peak.
6. Pepe Unchained ($PEPU)
Pepe Unchained is gaining traction in a challenging market, with its presale surpassing $24 million. Currently, the PEPU tokens are priced at $0.01219 each, attracting considerable interest from investors.
One key aspect driving this excitement is Pepe Unchained’s technological ambitions. The project plans to launch a Layer-2 blockchain specifically designed for meme coins, known as Pepe Chain. This initiative aims to simplify the trading experience for users by facilitating transactions that are reportedly 100 times faster than those on the Ethereum network. Furthermore, it promises low gas fees, which could help preserve traders’ profits.
In addition to the Layer-2 blockchain, the Pepe Unchained team is developing a broader ecosystem that includes bridging capabilities, a decentralized exchange (DEX), and a block explorer. As investors discuss this project’s potential, These features generate significant buzz on social media platforms, particularly Twitter and Telegram.
Another attractive element of Pepe Unchained is its staking application. The app offers an impressive annual percentage yield (APY) of 96% for PEPU holders, and over 1.6 billion tokens have already been staked. This level of engagement indicates a strong vote of confidence from investors, even amid a downturn in the broader market.
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