The altcoin market is increasingly bullish, with many digital assets rising on a daily basis. Therefore, the outlook for altcoins is expected to continue to improve, especially heading into September.
As the popularity of cryptocurrencies continues to grow, more and more investors are entering the market, looking to diversify their portfolios with affordable digital assets. With this in mind, this article highlights four of the best cryptocurrencies currently priced under $1.
4 Cheapest Cryptocurrencies for Less Than $1
1.XRP
Grayscale Investments, a company specializing in crypto asset management, has launched Grayscale XRP Trust. The new product allows investors to invest in XRP, the cryptocurrency that powers the XRP Ledger (XRPL). XRPL is designed to enable peer-to-peer cross-border financial transactions, which makes XRP a key player.
The news comes amid significant volatility in the XRP market. Ripple recently moved 150 million XRP worth $85 million to an unknown wallet.
Meanwhile, XRP’s price has surged nearly 6% in the past 24 hours, outperforming the broader market. Currently, the cryptocurrency is trading at $0.5699, with an intraday low of $0.5355 and a high of $0.5809. XRP’s trading volume has also increased significantly, with trading volume increasing by 109% over the same period.
2.BEAM
WAGMI Games recently announced an official partnership with Beam. Powered by Merit Circle, Beam is a major player in the web3 gaming space, providing comprehensive tools for developers and gamers. As part of this partnership, Beam’s NFT marketplace Sphere will now become the primary platform for trading WAGMI Defense cards.
As of writing, Beam is priced at $0.0141, up 2.08% in the past 24 hours. In the past 30 days, Beam has experienced 15 "green days," where the closing price exceeded the opening price, indicating positive market activity. Due to strong liquidity, Beam's market sentiment appears neutral, with 14 technical indicators pointing to a bullish outlook.
According to technical analysis, Beam’s price is expected to rise by 225.09% to $0.046514 by October 13, 2024. In the short term, the price is expected to be between $0.014308 and $0.016046 in the coming week, with an expected increase of 12.15% by September 16, 2024. This analytical outlook indicates a potential uptrend, but market conditions may affect performance.
3.STRK
Starknet, an Ethereum layer 2 solution, recently approved a governance vote to introduce staking to its network. The proposal, called "SNIP 18," was submitted by StarkWare and received majority support from STRK token holders. The approval marks a major step towards decentralization, and staking may soon be launched on the testnet, followed by the mainnet release later this year.
At press time, StarkNet is trading at $0.397, up 0.94% intraday. Based on recent trends, price predictions suggest that the token could rise further, reaching $0.59 by the end of September.
4.SOMETHING
Recently, the Algorand Foundation signed a memorandum of understanding (MoU) with the state of Taraba to expand its blockchain work. In February 2024, the foundation partnered with the Prato state government to explore the potential of blockchain technology.
Meanwhile, ALGO is trading at $0.126952, down 0.18% intraday. However, year-to-date, the stock is up 39%, indicating a positive trend. Over the past 30 days, ALGO has experienced 16 “green days,” meaning its closing price exceeded the daily opening price 53% of the time. The asset maintains strong liquidity based on its market cap.
ALGO is showing strength; if it breaks above the current levels, the target price could be $0.247. On the downside, if the momentum weakens, support is around $0.10. A bullish trend is expected, especially if Bitcoin (BTC) continues to rise. Historically, Algorand has seen gains of up to 270% in similar situations.
