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Institutional investors fuel a record increase in Bitcoin open interest on the Chicago Mercantile Exchange (CME), driving futures premiums to their highest levels in five months. This indicates a strong belief in Bitcoin’s short-term growth potential.
At the same time, The Open Network (TON) has experienced a significant rise in popularity throughout 2024. By October, the number of $TON token holders had increased by 2400%, reaching over 90 million. This rapid growth has been consistent since January, with a major spike in June, leading to the number of holders surpassing 84 million by October. Given these developments, investors are searching for affordable tokens, particularly the best cheap crypto to buy now under 1 dollar, which requires time and effort.
6 Best Cheap Cryptos to Buy Now Under 1 Dollar
Pyth Network provides a cutting-edge Oracle solution that aggregates data from exchanges, market makers, and trading firms to deliver precise price information. Mantle (MNT) is priced at $0.624985, showing a 2.87% rise in the last 24 hours. Meanwhile, MoonPay, a well-known crypto payment company, has partnered with Ripple to improve access to XRP.
TRON (TRX), the native token of the TRON blockchain, is gaining traction due to its emphasis on fast transactions and support for decentralized applications (dApp). Additionally, Mastercard has teamed up with the Stellar Development Foundation to incorporate Stellar’s blockchain into its Crypto Credential System. Pepe Unchained ($PEPU) has raised $19.9M rapidly, with analysts predicting further growth potential. Finally, a Trump-affiliated crypto token has launched, but its practical use remains uncertain.
1. Pyth Network (PYTH)
Pyth Network offers an innovative Oracle solution that delivers accurate price data by aggregating information from exchanges, market makers, and trading firms. A key feature is its use of confidence intervals to represent both market prices and uncertainties, which allows it to maintain precision during periods of high volatility or low liquidity.
By directly sourcing data from primary providers, Pyth ensures reliable and timely updates. It also supports multi-chain functionality, initially starting on Solana and Pythnet, with expansion to other chains via Wormhole, making it accessible across different blockchain ecosystems.
Volume matters.
Pyth powered 90% or more trading volume on 25 chains.
Wherever you build, Pyth will support you. pic.twitter.com/Ewt26PmPjq
— Pyth Network 🔮 (@PythNetwork) October 16, 2024
Today, the price of PYTH stands at $0.353252, reflecting a 1.89% increase over the last 24 hours. The network’s price prediction sentiment appears bullish, supported by a Fear & Greed Index score 73, indicating a market leaning towards greed. Over the past 30 days, PYTH has had 16 days where the daily close was higher than the daily open, accounting for 53% of the time.
2. Mantle (MNT)
The current price of Mantle (MNT) stands at $0.624985, reflecting a 2.87% increase in the past 24 hours. Over the past year, the price has surged by 92%. In the last 30 days, Mantle experienced 19 green days, meaning the daily close was higher than the daily open 63% of the time.
This week, Mantle is predicted to trade between $0.623379 and $0.81151. If it reaches the upper target, the price could rise by 30.18%, bringing it to $0.81151 by October 21, 2024.
The forecast suggests a price range of $0.81151 to $0.95804 for the following week. Should the price hit the higher target, it could increase by 18.06%, reaching $0.95804 by October 28, 2024.
3. XRP (XRP)
MoonPay, a prominent crypto payments firm, recently partnered with Ripple to enhance XRP’s accessibility. This collaboration allows users to buy, store, and manage XRP directly within the MoonPay app, streamlining the process for new and existing users.
By integrating Ripple’s cryptocurrency, MoonPay continues its efforts to simplify digital asset management. XRP is priced at $0.547609, reflecting a 1.19% increase over the past 24 hours. Over the last year, the price has risen by 12%.
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↔️PaymentsAaron Slettehaugh, SVP of Product at Ripple, and @MonicaLongSF unveil the latest product roadmap and the future direction of Ripple’s offerings at #RippleSwell🌴 pic.twitter.com/hqibD1IDiW
— Ripple (@Ripple) October 16, 2024
Additionally, XRP has shown strong market activity, with 15 green days in the past 30 days and high liquidity based on its market cap. This data suggests solid market engagement and ease of trading for XRP holders.
4. TRON (TRX)
TRON (TRX), the native cryptocurrency of the TRON blockchain, is gaining attention due to its focus on facilitating fast transactions and supporting decentralized apps (dApps). Its primary goal is to empower digital content creators. As anticipation builds for a potential altcoin season and a broader crypto bull run, TRX trades between $0.16 and $0.17, with a notable 44.41% price increase over the last six months.
The coin is approaching its nearest resistance level at $0.17, with support around $0.15. Technical indicators show the Relative Strength Index (RSI) at 39.44 and the Stochastic at 26.93, suggesting a possible upward trend. Simple Moving Averages for the 10-day and 100-day periods remain stable at $0.16, indicating consistent price behavior. Despite a slightly negative MACD reading of -0.0006374, TRX’s overall performance points to a potential for growth in the evolving market.
#TRON‘s 265M+ total accounts are fueling a record-breaking $200M in monthly fees! 💥
The demand for transactions on #TRON has never been higher. It’s all about providing real-world value and solutions. 🔗https://t.co/6cVK4DJjxP
— TRON DAO (@trondao) October 16, 2024
Sentiment around TRX remains bullish, with the Fear & Greed Index at 73 (Greed). The coin has risen 81% over the past year and is trading above its 200-day simple moving average. In the last 30 days, TRX experienced 17 “green” days, closing above its daily opening price 57% of the time. Additionally, its high liquidity, supported by its market cap and trading availability on Binance, adds to its strong market position.
5. Stellar (XLM)
Mastercard and the Stellar Development Foundation have partnered to integrate Stellar’s blockchain with Mastercard’s Crypto Credential System. This collaboration aims to address challenges in cryptocurrency transfers by simplifying the user experience.
The Crypto Credential System will allow users in the Stellar ecosystem to complete crypto transactions using only the recipient’s email address. This system works behind the scenes to link sender and receiver identities, ensuring transactions are executed as intended while complying with regulatory standards.
Once integrated, this system could enhance remittance services, providing secure and compliant solutions for digital asset wallets like Coins.ph, Mercado Bitcoin, and Wirex. This partnership reflects ongoing efforts to improve the accessibility and reliability of blockchain-powered transactions.
Franklin Templeton (@FTI_DA) has been at the forefront of institutions harnessing the power of blockchain and tokenization — and they choose Stellar.
Great convo Robert Crossley, Garand, and
Rebecca Park at #Meridian2024. pic.twitter.com/lMBWKyb6Rp— Stellar (@StellarOrg) October 16, 2024
As for Stellar’s price currently sits at $0.094302, with a 1.09% increase in the last 24 hours. Over the past 30 days, Stellar has seen 17 days where the closing price exceeded the opening price, indicating potential market interest. However, the future impact of this integration remains to be fully realized.
6. Pepe Unchained ($PEPU)
Pepe Unchained ($PEPU) has gained attention after quickly raising $19.9M, with analysts suggesting it may have more room to grow. At $0.0103, its staking protocols offer a strong APY of 111%, though this rate is expected to decline as more investors participate. The project’s token distribution is well-structured, with 30% allocated to staking rewards and 20% each for presale and marketing, while the rest covers liquidity and operational needs.
Pepe Unchained’s key innovation is the development of ‘Pepe Chain,’ a Layer-2 solution to address Ethereum’s scalability issues. By offering faster and more affordable transactions, $PEPU could attract meme coin traders frustrated by Ethereum’s high fees and slow transaction times.
In addition, the project has launched a grant program, ‘Pepe Frens with Benefits,’ encouraging developers to build apps on the new chain, with grants starting in Q4 2024.
Building. Growing. Reaching new people everyday.
$19M! Let’s go PEPU! 🐸 pic.twitter.com/l95XkoNm3j
— Pepe Unchained (@pepe_unchained) October 12, 2024
Community support for Pepe Unchained is strong, with over 12,000 followers on Twitter and positive attention from crypto influencers. Over 150 million tokens have been staked, adding to investor confidence. While the specific listing dates on exchanges remain unclear, the project’s momentum indicates potential for further growth.
Visit Pepe Unchained Presale
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