5 Best Cheap Crypto to Buy Now Under 1 Cent February 21

0
15

Join Our Telegram channel to stay up to date on breaking news coverage

Investors are keen to capitalize on emerging bullish trends by exploring investment opportunities in low-cost tokens. With the impending bitcoin halving, selecting tokens priced under 1 cent can position investors for a significant return. In line with this, this article compiles a list of affordable tokens with potential for returns in the crypto market.

5 Best Cheap Crypto to Buy Now Under 1 Cent

Investors are attracted to the thrill of uncovering the next breakthrough token, especially with a price below 1 cent. Hence, tokens such as SC, TRX, and JST have seen a surge in interest due to their affordable prices and promising market prospects, garnering traders’ attention. 

Meanwhile, investor speculation is boosting the Ether token’s performance as it surpasses Bitcoin. This is partially due to anticipation that upcoming US crypto exchange-traded funds will prioritize the second-largest digital asset, leading to heightened investor interest.

1. Siacoin (SC)

The air around the Siacoin project is positive this February. Siacoin is focused on refining its network for improved stability, performance, and user experience. In line with this, significant enhancements have been made in the hostd component. There is a strong emphasis on bug fixes and user interface improvements. Also, introducing the hostd config command and integrated monitoring support aims to simplify user interaction.

Moreover, Siacoin’s core technology has seen substantial advancements with the implementation of RHP4. This upgrade is a critical upgrade paving the way for the upcoming Utreexo hard fork. It is designed to enhance network efficiency and scalability, marking a significant milestone for the project.

Meanwhile, Siacoin’s positive strides also trickle down to its market sentiments as the bulls prevail. Along the same lines, the Fear & Greed Index stands at 78, as investors are actively trading. Furthermore, trading data reflects positivity, with the coin trading above its 200-day simple moving average. Likewise, it has experienced 16 green days out of the last 30, constituting 53% of the time.

Equally, Siacoin has mainly headed north in the past year, with its price surging by 264%. It has outstripped 88% of the top 100 coins, including Bitcoin and Ethereum. This showcases its strong performance and resilience in the market. In addition, Siacoin boasts high liquidity based on its market capitalization.

Given its solid fundamentals and strategic collaborations, Siacoin holds significant potential for future growth. On this note, analysts predict that if the project announces further collaborations, SC’s price could surpass $0.0118 by 2024. Nonetheless, a bull could keep SC’s average price around $0.0107 by the same year.

2. TRON (TRX)

TRON DAO has revealed its strategic roadmap to pioneering an innovative Bitcoin Layer 2 solution. TRX has a formidable presence in the blockchain domain, boasting over 210 million user accounts. In addition, it has facilitated more than 7 billion transactions. On this note, TRON sets its sights on reshaping the narrative surrounding blockchain interoperability. Likewise, it aims to improve the utilization of stablecoins within the Bitcoin ecosystem.

The TRON network commands a market cap of $55 billion alongside a Total Value Locked (TVL) reaching $22 billion. As such, this latest integration marks a significant milestone. It establishes a direct linkage between the TRON network and Bitcoin. Also, it grants access to a staggering $55 billion value. Such a move injects newfound financial accessibility into the Bitcoin ecosystem and its Layer 2 solutions, such as Ordinals.

TRX Price Chart

In tandem with this collaboration, the TRON market price has reacted positively. TRX currently stands at $0.139493, reflecting an intraday uptick of 1.23%. This price rise reflects the bullish stance held by investors. Moreover, this is evidenced by the ongoing trade of the coin, as the Greed score stands at 78. This indicates extreme greed among investors. For the last year, TRON has witnessed a remarkable surge in price, soaring by 95%.

Furthermore, TRON exhibits a positive trajectory, trading above the 200-day SMA. In addition, it displays a robust performance relative to its token sale price. Plus, TRX has recorded 22 green days within the past 30 days, translating to a commendable 73% success rate. Moreover, TRON demonstrates high liquidity based on its substantial market capitalization. This has placed TRX as one token with a long-term potential for returns.

3. Jasmy (JASMY)

Japan’s leading crypto project, JasmyCoin, has recently been in the green zone. According to Coincodex, JASMY’s value has surged 29% in the past 24 hours, reaching $0.009894. This surge represents a 71% uptick over the week. Furthermore, the price spike coincides with activity from two dormant whales, who collectively moved 665.655 million JASMY tokens, worth $5.36 million, from Coinbase. According to Spotonchain, these tokens were withdrawn at an average price of $0.008054.

Jasmy Price Chart

Plus, growing bullish sentiment surrounds JASMY, fueled partly by heightened interest from Japanese venture capital investors. Analysts speculate that this increased attention could propel JASMY to reach $0.30. Also, experts highlight JASMY’s affiliation with venture capital firm DWF Labs as a potential catalyst for further price movement. DWF Labs has a track record of involvement in crypto price fluctuations.

Meanwhile, JasmyCoin’s price prediction is bullish, with the Fear & Greed Index registering a score of 78 (indicating extreme greed). JASMY is currently trading near its cycle high of 0.012335 and is poised to surpass it. Furthermore, it stands at a significant 348.31% above its cycle low. Similarly, it trades at 162.85% above the 200-day simple moving average of $0.004690.

4. eTukTuk (TUK)

eTukTuk’s performance has piqued the interest of crypto investors looking to capitalize on its potential. Unlike many other electric vehicles (EV) projects, eTukTuk distinguishes itself by targeting the challenges faced in developing economies, particularly urban mobility and climate change.

Investors are now eyeing the TUK token presale, which offers early access for $0.027 per token. This presents an opportunity to secure a stake in the eTukTuk transportation ecosystem before the token’s value increases upon public listing.

Moreover, the allure of exceptional stake rewards is attracting investors to participate in the TUK token presale. Staking TUK tokens also provide a pathway to passive income, with an annual reward rate of 182%. This incentivizes investors to hold onto their tokens as participation in the eTukTuk ecosystem grows.

Visit eTukTuk Presale

5. JUST (JST)

JustLendDAO has recently experienced a significant surge in its market size. This milestone has now reached an impressive $7.3 billion. Hence, it highlights increased adoption and interest in the platform among investors and users. Moreover, the upcoming HackaTRON Season 6, scheduled to run from February 20 to June 28, 2024, promises to be a collaborative and engaging event.

This season, organized jointly by TRON DAO, JustLend DAO, and several other networks, is poised to leverage its participants’ collective expertise and resources to drive innovation and growth within the blockchain ecosystem. Such efforts are expected to propel the development and adoption of blockchain technology to new heights. 

JST Price Chart

Meanwhile, JustLendDAO has demonstrated remarkable performance over the past 24 hours, showcasing investor engagement and transactional volume. The platform recorded a rise in Unique Active Wallets (UAW), with 193 new wallets, marking an uptick of 19.14%. Additionally, the number of transactions processed on the platform increased by 6.67%, totaling 416 transactions within the same timeframe.

Furthermore, this surge in activity is further reflected in the platform’s trading volume, which spikes to $476.45k, indicating a 90.96% increase. Given these metrics, the JustLendDAO native token holds significant potential for future growth and value appreciation. Therefore, analysts anticipate that if the current bullish trend in the crypto market persists, the token’s price could surpass $0.078 by 2024.

Furthermore, with an expected average price of around $0.071, the token is poised to maintain a stable and attractive valuation. Thus, this offers investors an opportunity to capitalize on the platform’s growth trajectory and potential collaborations with other networks in the future.

Read More

 

Join Our Telegram channel to stay up to date on breaking news coverage


Credit: Source link

Join Binance

LEAVE A REPLY

Please enter your comment!
Please enter your name here