4 Cheapest Cryptocurrencies Under $1

Despite the recent downturn in the cryptocurrency market, some low-priced altcoins are generating bullish momentum. Today, some tokens emerge as promising cryptocurrencies, demonstrating the broad momentum that is driving digital assets forward.

Meanwhile, the recent cryptocurrency surge reflects a broader trend, with 84% of cryptocurrencies increasing in value over the past 24 hours.

BONK

Despite the bearish market, BONK is showing bullish sentiment. It is supported by a Fear & Greed Index reading of 70 (Greed). The coin has also seen positive performance in 26 of the past 30 trading days.

These positive indicators reflect investor optimism. Technical analysis suggests potential for further growth. Notably, it has outperformed leading cryptocurrencies such as Bitcoin and Ethereum.

Bonk’s price has recently surged by 130%, indicating a clear shift in investor sentiment towards riskier assets. This exceptional performance has outperformed meme coins such as Dogwifhat and Shiba Inu, indicating growing investor confidence in the meme industry.

As of the latest trading data, Bonk is priced at $0.00003199, up an impressive 26.23% in the past 24 hours. This contributes to the overall positive trend of the market and highlights Bonk's recent momentum, which has achieved a staggering increase of 77.49% and 5712% in the past 30 days and one year, respectively.

CFX

Conflux is a public first-layer blockchain for dApps, e-commerce, and Web 3.0 infrastructure. It aims to be more scalable, decentralized, and secure than existing protocols, thereby enabling fast and efficient asset transfers with low transaction costs.

The platform adopts the Tree-Graph consensus mechanism, combining PoW and PoS algorithms. It supports Solidity smart contracts and is compatible with the Ethereum Virtual Machine (EVM). The native token CFX is used for transaction fees, network governance, and miner compensation.

Conflux's unique technical architecture solves industry problems. The Tree-Graph algorithm processes 300-6000 transactions per second (TPS) without sacrificing decentralization. It also offers lower fees than Ethereum and a fee sponsorship mechanism for users with negative balances. The integrated staking system provides passive rewards and supports dApp development.

CFX is priced at $0.2372, with a 10.11% price increase over the past 24 hours. It is trading 30.95% above its 200-day moving average of $0.165953, indicating a strong outperformance trend.

In the past 30 days, 16 days have been positive, indicating that more than 50% are in the green. It also posted a 30-day volatility of 7%, reflecting moderate stability. Conflux has a high liquidity ratio of 0.2111, a market capitalization of $877.57 million, and a 24-hour trading volume of $185.26 million.

ONDO

Ondo Finance connects traditional finance and blockchain technology to create risk-isolated, fixed-income loans backed by yield-generating crypto assets. Ondo also tokenizes real-world assets, offering stablecoins such as USDY and OUSG, which are on-chain equivalents of U.S. Treasuries.

Ondo’s Flux protocol allows for the lending of stablecoins, and the protocol is governed by the native ONDO token. The ONDO token, launched in January 2023, is currently trading at $0.92 with a market cap of $1.14 billion, but only 1.4 billion of the 10 billion tokens are in circulation.

SHIB

The recent rise in Shibarium’s price coincides with the announcement of a major upgrade to Shibarium. The upgrade introduces a new user interface that provides faster, smoother, and more accessible features. These improvements are designed to enhance the user experience and strengthen SHIB’s position in the market.

Meanwhile, Shibarium’s recent burn rate surge correlates to its price recovery. The increase in the burn rate indicates that a large number of SHIB tokens were permanently removed from circulation and transferred to inaccessible “dead” wallets.

In addition, six transactions resulted in 5,221,667 SHIB tokens being destroyed. The token destruction represents a 172.16% increase in the burn rate. This increase in the burn rate coincides with the recovery in SHIB’s market value.

The token has delivered significant ROI to early investors, surging by more than 1.8 million% since its launch. The token is trading at $0.00002555, indicating a 6.4% gain in the past 24 hours. Notably, SHIB’s year-to-date gain stands at 188%.

Notably, SHIB is trading 67.72% above its 200-day simple moving average (SMA) ($0.00001619). Moreover, the bank has experienced 19 green days in the past 30 trading days.With a 24-hour volume-to-market cap ratio of 0.0546 and high liquidity, SHIB has demonstrated resilience.

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