3 Cheapest Cryptocurrencies Priced Under $1, with 100x Potential in a Bull Market!
DYDX
The dYdX Foundation has delegated 2.3M DYDX (88.4% of its staking capacity) to 10 validators. This move demonstrates the importance of validators in the dYdX ecosystem and the Foundation’s commitment to protecting the security of the dYdX Chain network. They are following clear principles for this delegation based on best practices for validators and stakers.
Currently, the sentiment regarding the dYdX price prediction is neutral, with a Fear and Greed Index of 67 (Greed). Currently, there are 183.77 million DYDX tokens in circulation, with a maximum supply of 1 billion. Over the past year, the price of dYdX has increased by 78%, outperforming 60% of the top 100 crypto assets. It is also trading well, remaining above its 200-day simple moving average. Furthermore, the market cap of DYDX indicates that there is a lot of liquidity in the market.
Experts were quick to identify dYdX as a potential standout cryptocurrency. They predicted that DYDX could touch a high of around $5.13 when the cryptocurrency market rebounds. The average price of DYDX is expected to be around $4.53 by 2023. But if there is a major downturn in the cryptocurrency market, it could drop to a low of $3.92 by 2023.
SMEs
Immutable has launched Immutable zkEVM, a new platform developed in partnership with Polygon Labs. The technology aims to transform the gaming industry by solving the gas fee problem, making these fees disappear for players.
This move could make it much cheaper for people to try new games. Game makers can pay gas fees for users through Immutable Pass, making it easier for them to start playing games. Immutable also plans to pay gas fees for all games in its ecosystem from the beginning. It is estimated that the cost for game studios is about $500 to $1,000 per 100,000 players.
Immutable hosts over 200 games on its platform, not just zkEVM. Moreover, Immutable has performed well, with its price increasing by 370% year-over-year. This means that the token has outperformed most other top 100 crypto assets. The token has also been trading above its initial sale price and has good liquidity according to its market cap.
KAVA
Kava and Injective recently teamed up to make stable assets like USDt more accessible in decentralized finance (DeFi). Kava plans to issue USDt in the Cosmos ecosystem with the support of the Tether Foundation. The partnership allows USDt from Kava to flow directly into Injective. In addition, Kava also provides token rewards to encourage people to use USDt on Injective.
This teamwork marks a big step forward for DeFi, combining the strengths of both platforms. In addition, it makes operations smoother for users and enhances Injective’s role in handling cross-platform assets.
Kava’s market seems optimistic, with bullish forecasts and the Fear and Greed Index showing a “greed” of 67. Kava’s circulating supply is at most 324.13 million Kava, of which 1.03 billion Kava is in circulation. In addition, Kava’s inflation rate is 210.47%, with 698.02 million KAVA created in the last year.
In the rankings, Kava is ranked 10th in the DeFi coin space and 38th in the Layer 1 space. Some good signs include trading above the 200-day moving average. Due to its market cap, 16 of the past 30 days have been green (53%) and liquidity is high.
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