The cryptocurrency market saw a considerable portion of its value washed away due to unexplainable bearish sentiments. Although it recovered some of its value
The cryptocurrency market experienced significant value erosion due to unexplained bearish sentiments. While it has recovered some of its value, several altcoins, including BTC, still exhibit price instability as it sank far below the $60,000 mark.
However, despite the dip resulting in sideways trends in the general market, savvy investors are taking advantage of the cheap prices of the tokens. Analysts have confirmed that the corrective rally will start with cheap crypto to buy under 1 dollar.
5 Best Cheap Crypto to Buy Now Under 1 DollarSeveral low-priced tokens have outperformed high-cap tokens in price appreciation, with VeChain being a prime example. VeChain has demonstrated significant growth potential, providing substantial returns to early investors. Also, our thorough analysis of a presale token, Base Dwagz, highlights why this token is worth serious consideration.
Today’s review examines the profit potential of Beam, VeChain, and Bonk. Currently trading below one dollar, these tokens have surged between 7% and 15% in the past 24 hours. This performance is notable against the backdrop of the current market’s overall bearish sentiment, suggesting promising investment opportunities.
1. VeChain (VET)
VeChain (VET) has joined forces with Concordium to boost transparency in the food supply chain. This partnership will help build consumer trust by making it easier to trace food products, verify their authenticity, and confirm ethical sourcing. Also, integrating Concordium’s Proof-of-Stake consensus will enhance VeChain’s supply chain management.
Meanwhile, the team has wrapped up the final voting phase on the testnet and manually distributed the remaining rewards. A comprehensive review of testnet activities has confirmed the successful deployment of the VeChainThor (VTHO) mainnet. Consequently, the platform has been upgraded to facilitate a smooth transition and implementation of the new system.
Current market trends and the recent partnership with Concordium suggest a potential price increase of $0.09. Key developments, such as the launch of the VeChainThor mainnet and advancements with VeBetterDAO, are significant milestones that could drive further growth and adoption.
VORJ – #Vechain as-a-Service#VORJ is no-code #Web3 as-a-service platform bridging the gap between Web2 & Web3#VORJ will allow everyone, regardless of technical ability, to create, manage & deploy smart contracts & remove the technical barriers to creating digital assets$VET pic.twitter.com/jGPpOVSXL6
— Splendid.vet Ⓥ (@SplendidMite) August 13, 2024
VET is priced at $0.022855, reflecting a 2.97% increase over the past 24 hours. Investor sentiment is strong, with a Fear and Greed Index rating of 80, indicating extreme greed. Additionally, the token’s Relative Strength Index (RSI) is above the midpoint, signalling the potential for further growth soon.
2. Beam (BEAM)
Beam is dedicated to eradicating user data mismanagement by offering a platform that guarantees secure and reliable transactions. It boasts features such as private stablecoins, NFTs, and automated market makers (AMMs). Additionally, Beam aims to integrate forthcoming functionalities like lending, oracles, sidechains, and wrapped assets into its ecosystem, further strengthening its position as a secure and trustworthy transaction platform.
Moreover, Beam is a gaming network supported by the Merit Circle DAO. The BEAM network is committed to creating a collaborative ecosystem to drive the gaming industry forward. It does so by connecting developers and players, fostering partnerships that help shape the future of gaming.
BEAM safeguards user addresses and grants them complete control over their privacy by leveraging blockchain technology. The previous week, BEAM encountered a minor downturn, dipping by more than 8%. However, recent trends show a resurgence, with the token rebounding significantly over the previous week.
Game of the month – @WeArePlanetMojo ?
This game's been growing steady growth from the very early days.
We've been enjoying the journey so far, especially the @BeamGamers who have won every single tournament they competed in so far ? pic.twitter.com/GRLkg4oD5m
— Merit Circle (@MeritCircle_IO) August 12, 2024
Furthermore, the token is trading at $0.01282 today, reflecting a 12.4% increase over the past seven days. Year-to-date, Beam has surged by over 180% in value. Additionally, the token’s RSI is trading above the 50 trendlines to show the bulls are in charge, signalling the potential for further growth before the end of the week.
3. Base Dawgz (DAWGZ)
Base Dawgz is the newest meme project within the Base ecosystem,
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