Cantor Fitzgerald's CEO, Howard Lutnick, remains optimistic about Bitcoin's future, forecasting the coin to hit new heights. Lutnick believes that although Bitcoin operates outside the traditional financial system, it is gradually moving toward mainstream acceptance.
Cantor Fitzgerald’s CEO, Howard Lutnick, remains optimistic about Bitcoin’s future, projecting the coin to hit new heights. Lutnick believes that although Bitcoin operates outside the traditional financial system, it is gradually moving toward mainstream acceptance. Established financial institutions, he notes, are keenly anticipating the introduction of appropriate regulations to engage with Bitcoin fully.
Meanwhile, cryptocurrency analyst Egrag has revised his XRP prediction strategy, projecting the coin to rally. For investors looking for prospective coins within XRP’s price range, this article curates the 6 best cheap cryptos to buy now under 1 dollar.
6 Best Cheap Cryptos to Buy Now Under 1 Dollar
Sui has gained attention with recent integrations and developments, enhancing its standing among market participants. The 1inch Network continues solidifying its position within the decentralized finance (DeFi) space.
Meanwhile, the Mega Dice token (DICE), a new crypto casino project in its presale stage, has already surpassed $1.7 million in funding. Bitcoin has dropped to the $57,000 mark, leading to a decline in crypto stocks as September trading begins.
1. Sui (SUI)
Sui has witnessed recent integrations and news, bolstering its outlook among market participants. The network’s developer, Mysten Labs, has announced plans to release its handheld gaming device, SuiPlay0X1, in Q1 2025. The SuiPlay0X1 is designed to integrate blockchain technology with the gaming industry.
Furthermore, Scallop, a Sui blockchain lending ecosystem participant, is launching an ambitious airdrop campaign to reward its borrower community. The initiative features a reward pool of 1,000,000 SCA tokens, with 200,000 tokens allocated specifically for loyal borrowers through the distribution of veSCA tokens.
Despite the ongoing market downturn, these updates have triggered a positive sentiment towards the Sui ecosystem, which is evident in its increasing Total Value Locked (TVL). Recently, the network’s TVL crossed the $600 million mark, indicating the expanding influence of the Sui blockchain.
More than 1,000 #SuiPlay0X1 pre-orders later…what a way to kick off #Suitember?!
?? Let's recap what happened today at @kbwofficial in Seoul? pic.twitter.com/asVWRgoHAR
— Sui (@SuiNetwork) September 3, 2024
This development has also impacted the performance of SUI in the market. For instance, the SUI/USDT trading pair has recently broken out of a downward trend channel on the hourly chart, which could indicate a shift in momentum. This breakout suggests the potential for a bullish trend, with prices testing upper resistance levels. According to some analysts, a confirmed breakout could lead to sustained upward movement.
2. Polygon (MATIC)
Polygon recently executed a significant technical upgrade, transitioning its native cryptocurrency to the new Polygon Ecosystem Token (POL) on a 1:1 basis. This update, effective from September 4, marks the token’s role as the network’s primary gas and staking token.
Polygon is the 21st largest cryptocurrency, with a market capitalization of $3.7 billion. However, the recent network upgrade has yet to boost the price of its native token, MATIC, amid the ongoing market downturn.
Reminder: MATIC on Polygon PoS will be upgraded to POL on September 4th
This includes:• all WMATIC• MATIC in Smart Contracts• MATIC being used in DeFi• MATIC in liquidity pools• all MATIC on Polygon PoS
— Polygon | Aggregated (@0xPolygon) September 3, 2024
MATIC traded at $0.37490 during press time, dropping by 6.32% in the last 24 hours and now 87% below its all-time high. Despite this, the token performed positively relative to its initial sale price, showing gains in 15 out of 30 days.
3. 1inch Network (1INCH)
1inch Network is steadily building its reputation in the decentralized finance (DeFi) sectors. The network’s recent achievement extends its stake as a leading decentralized exchange (DEX) aggregator.
The 1inch team invested $1.75 million to acquire 7.96 million 1inch tokens at $0.22 each. Since July 5, this investment strategy has seen the team spend approximately $5.49 million, accumulating 22.4 million tokens at an average cost of $0.25 each.
In Q2 2024, 1inch saw notable growth across several key metrics. The average daily total volume increased by 12%, while daily average transactions and active addresses grew by 59% and 27%, respectively
The above is the detailed content of 6 Best Cheap Cryptos to Buy Now Under 1 Dollar. For more information, please follow other related articles on the PHP Chinese website!
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