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Homeweb3.05 Best Cheap Crypto to Buy Now Under $1

5 Best Cheap Crypto to Buy Now Under $1

Aug 01, 2024 pm 09:09 PM
Chiliz SKALEChromia

Many low-priced tokens have outperformed high-cap tokens in terms of price increases. SKALE is a notable example, demonstrating significant potential and delivering substantial profits to early investors.

5 Best Cheap Crypto to Buy Now Under  src=

The crypto market is showing signs of recovery from its recent lows, with many tokens experiencing a surge in prices. Notably, the fear and greed index remains at 60, indicating greed in the market, and traders are anticipating a potential bull run in the coming days.

In the past 24 hours, the global crypto market cap has witnessed an increase of 2.15% to reach $2.8 trillion before retracting slightly. The total crypto market volume now stands at $63.8 billion, indicating a decline of 28.45%.

However, traders are keeping a close eye on the market volatility, and some cryptocurrencies have managed to capture the top gainers spot with their exceptional performance. Let’s check out the best cheap crypto to buy under 1 dollar.

5 Best Cheap Crypto to Buy Now Under 1 DollarMany low-priced tokens have outperformed high-cap tokens in terms of price increases. SKALE is a notable example, demonstrating significant potential and delivering substantial profits to early investors. Also, we made a comprehensive analysis of two presale tokens, Pepe Unchained, and PlayDoge, and showed why they are worth considering.

Today’s review explores the profit potential analysis of SKALE, Chromia, and Chiliz. These tokens are currently trading below 1 dollar, with notable surges of 7% to 15% observed in the past 24 hours alone, indicating promising investment opportunities. These price surges are remarkable, given the general mixed sentiment prevalent in the market today.

1. SKALE (SKL)SKALE is a modular blockchain network designed to enhance Ethereum’s scalability. It achieves this by providing an unlimited number of fast, secure blockchains with zero gas fees. These blockchains, known as SKALE chains, can be customized or shared among different decentralized applications (DApps).

This setup allows DApps to function in a decentralized, modular cloud environment, offering faster and more cost-effective execution of Solidity smart contracts. This is particularly advantageous for projects such as games and streaming services.

Meanwhile, SKALE has released the Pacifica V3 upgrade, which significantly increased block mining speed by 108% and transaction throughput by 122%. This upgrade enhances the overall performance of the network, enables support for EIP-1559 transactions, and improves contract functionality.

Consequently, SKALE can now process over 300 transactions per second, with block mining times reduced to under 2 seconds. Additionally, in June alone, SKALE saved users approximately $400 million in gas fees while facilitating around 55 million transactions. These substantial improvements have increased demand and utility for the SKL token, as further detailed below.

In the last 24 hours, SKALE’s price has risen by 1.70%, reaching $0.05082. The token also has a strong liquidity ratio of 0.1902 and a Greed and Fear Index of 76, indicating “Greed.” Over the past year, SKALE’s price has increased by 70%, outperforming half of the top 100 crypto assets. Furthermore, the token has posted 25 green days in the last 30 days.

2. PlayDoge (PLAY)PlayDoge, a prominent play-to-earn (P2E) meme coin, has quickly raised almost $5.9 million during its presale phase. The presale started with a swift $200,000 raise within minutes and then skyrocketed 25 times. This rapid growth highlights PlayDoge’s strong potential to become a significant player in the meme coin market.

PlayDoge distinguishes itself with a unique blend of meme culture and gaming, drawing inspiration from 1990s nostalgia. Players can own virtual Shiba Inu dogs, engage with them in a Tamagotchi-style environment, and earn $PLAY tokens as rewards. With its presale currently priced at $0.00524, prospective investors have the opportunity to acquire tokens before their value potentially rises.

PlayDoge’s appeal goes beyond its engaging gameplay. Built on the Binance Smart Chain and featuring a fully audited smart contract by SolidProof, it targets the growing markets of retro gaming and game remakes. The platform plans to launch a free app on both Google Play and the App Store, aiming to make play-to-earn experiences more accessible and potentially increase cryptocurrency adoption among gamers globally.

As PlayDoge gains momentum during its presale phase, driven by high staking yields and strong community support, it is well-positioned to impact both the play-to-earn (P2E) and meme coin sectors. A potential listing on major exchanges like Binance could greatly enhance $PLAY’s liquidity and market appeal, attracting early investors interested in the convergence of gaming and cryptocurrency.

Visit PlayDoge Presale

3. Chromia (CHR)

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