The news of Telegram's founder, Pavel Durov's arrest, took the crypto community by surprise. Likewise, it may have contributed to the massive decline of the Toncoin, which is the cryptocurrency associated with the social media platform.
Telegram founder Pavel Durov’s arrest has sent shockwaves through the crypto community. The news, coupled with other factors, may have contributed to the massive decline of Toncoin, the cryptocurrency associated with the social media platform.
Despite the unforeseen event, the crypto market outlook appears stable. The fear/Greed index today increased to 56, indicating that investors are becoming increasingly optimistic about the potential of the crypto market. Thus, today’s post explores the 7 Best Cheap Cryptos to Invest Now Under 1 Dollar.
7 Best Cheap Cryptos to Invest Now Under 1 Dollar
It highlights the price data of each token and provides context on the factors driving their performance. The post also covers details of popular projects that investors should include on their watch list for future opportunities. An example is the DICE token.
1. Holo (HOT)
Holo is a peer-to-peer platform that offers creators the opportunity to build and host decentralized applications. It sports the Holochain as the environment where dAPPs are launched and hosted.
According to its website, the goal is to bridge the gap between the internet and the Blockchain. Its core focus is ensuring that projects built on the Holochain communicate seamlessly with other chains and Web 2 platforms.
HOT currently serves as the native crypto token platform, and it’s one of the best-performing altcoins today. In the last 24 hours, ALT has recorded a price increase of over 15%, placing it among the top gainers in the market. It’s also recording.
Watch the last launch brief again for a few key insights like: "Holo is a hybrid of services…about connecting P2P with the current systems that give people agency without a company being in the middle of the financial transaction.”
There seems to be communication with other chains, and The goal of Holo is to serve as a bridge between the broader internet and apps built using Holochain, offering an ecosystem and marketplace in which DApps are easily accessible, as they are hosted on the internet by Holo network participants.
2. SATS (1000SATS)
SATS, also called 1000SATS, is one of the first projects built on the BRC-20 ordinal platform. BRC-20 stands for Bitcoin Request for Comment. It uses similar standards to Ehereum’s ERC-20, allowing creators to launch NFTs-related projects within the BTC ecosystem.
SAT is the largest project in the BRC-20 network, with a market cap of $850 million, based on recent prices. Its trading volume also leads in the sector, as it has an intraday trading volume of $157 million today.
SATS has experienced an over 10% price increase in the last 24 hours, thanks to the improved performance of BTC. The token’s price moves in tandem with BTC price action. Wherever BTC experiences positive price action, 1000SATS also often witness upward price movement.
Hence, investors looking to capitalize on the Ordinals market should consider the SATS. It has a price of $0.00039 today and ranks 76 on CoinMarketCap based on its recent market cap. Possibly, a further price increase would help the token reach the $1 Billion price level before the end of the coming quarter.
3. Gala (GALA)
Gala is the native cryptocurrency of the Gala chain. The chain is built to power the entertainment ecosystem that goes by the same name, Gala. According to the project’s website, the firm has a range of entertainment products and services, which include Gala music and Gala games. It also offers film and other movie-related content.
Generally, the Gala token is one of the best-performing tokens in the niche. The recent market outlook of the token has been quite positive. In the last seven days, Gala has amassed an overall price increase of about 20%. Today’s gains reached over 10%. An increase in trading volume has also been recorded owing to overall improvement in the market.
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A technical analysis of its price action shows that GALA is poised for a bigger upside. Investors watching the token might find an opportunity to capitalize on short-term price movement in the coming weeks. The price of the token is getting closer to a critical support level, which indicates a potential reversal might span to the end of the quarter.
4. AMP (AMP)
DeFi ialah salah satu sektor utama pasaran kripto, dan perkhidmatan pinjaman memastikan sektor ini bergerak. Oleh itu, aset seperti AMP memainkan peranan penting dalam sektor ini.
AMP ialah projek sumber terbuka, terdesentralisasi, menurut tapak web projek itu. Ia
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