The 6 Finest Cryptocurrencies Under $1 Right Now January 6

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20 Jan 2024

It might be quite time-consuming to search for inexpensive tokens under one cent if you want to enter the cryptocurrency market with little money. Finding the greatest low-cost crypto assets with promise can be likened to unearthing hidden treasure while researching digital currencies.
Next Bull run community on the other hand, selects a selection of the most promising cryptocurrencies that can be purchased for less than one penny. As a result, we seek to provide investors in the constantly changing field of digital finance with a combination of affordability and development potential.
For more insights and updates, consider joining our Telegram Channel for reliable crypto signals.
The 6 Finest Cryptocurrencies Under $1 Right Now
The last week saw a sharp increase in the value of arbitrum in decentralised exchange (DEX) trading volume. Significant attention has been paid to this rise in the cryptocurrency community. According to recent data, Arbitrum overtook Ethereum and processed a remarkable $1.83 billion in trading volume in a 24-hour period, making it the platform with the highest daily DEX volume.
In addition, the project’s total value locked (TVL) indicators showed a notable growth, surpassing the $2.5 billion threshold for the first time to represent a milestone. This accomplishment significantly outperformed Solana’s Layer-1 network TVL.
1. aelf (ELF)
Recently, a specialised DApp called ETransfer made its debut on the aelf blockchain, simplifying USDT transfers to and from the network. Transactions on nine key blockchains — including Aelf, Ethereum, Tron, and Binance Smart Chain — are made simpler by it. Arbitrum, Solana, Polygon, Optimism, and Avalanche C-Chain are the other blockchains.
ETransfer is notable for emphasising user convenience by requiring simply an aelf wallet address to log in, making the process simple and hassle-free. Aelf’s emotion towards price projection is still neutral, with a fear and greed index reading of 70 (greed). Out of a maximum supply of 1 billion ELF, 714.32 million ELF of the token are now in circulation.
Furthermore, the annual rate of supply inflation is 36.81%, resulting in the creation of 192.18 million ELF during the previous year. With regard to market capitalization, aelf is ranked #41 in the Ethereum (ERC20) Tokens industry.
In addition, the price of aelf has increased by 234% over the past year, outpacing 84% of the top 100 cryptocurrency assets. In addition, it regularly trades above the 200-day simple moving average and, according to its market capitalization, exhibits strong liquidity.
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2. Sui (SUI)
Sui network’s Total Value Locked (TVL) in the DeFi industry has significantly increased. In a little period of time, the token’s value soared from less than $100 million to $217.32 million, especially since early November. This increase suggests a vibrant platform and robust growth inside its ecosystem, drawing large projects.
Forecasts for 2024 point to a possible increasing trend for Sui (SUI). Estimates point to an annual low of roughly $0.794286 and a potential peak of $1.393010. These numbers suggest that Sui’s value will rise significantly, which makes it an interesting track to follow.
Sui price chart
Sui’s prospects seem bright, supported by its growing presence in the DeFi space and strong performance indicators. Similarly, the platform’s architecture and substantial funding make it well-positioned to make a name for itself in the quickly developing DeFi industry.
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3. The SpongeV2 ($SPONGE V2)
Since its founding, Sponge V2 has grown significantly. The token’s market capitalization reached a peak in 2023, topping $100 million, having begun at a valuation of $1 million. At $16 million right now, it draws in a community of more than 11,500 holders.
The Stake-to-Bridge model is one of Sponge V2’s most prominent features. This concept is intended to make the switch from $SPONGE to V2 easier for holders of that token. This approach uses staking techniques to reward and keep current holders.
Moreover, the initiative has received backing from a community of about 30,000 people and its roadmap includes ambitions for primary exchange listings. The $SPONGE V2 project is now among the top cryptocurrency gainers thanks to these developments, which set it up for future growth. Additionally, investors looking to take advantage of chances in the cryptocurrency market have expressed interest in it.
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4. Nexo (NEXO)
With a Fear & Greed Index rating of 70, which denotes greed, Nexo’s market mood is neutral. On May 12, 2021, the token reached its highest point, $4.07. On the other hand, its lowest value ever noted was $0.043119 on September 12, 2018. Since then, Nexo’s price has ranged from $0.516172 at its lowest post-cycle low to $0.945550 at its highest.
Out of a total amount of 1 billion tokens, 560.00 million are now in use on Nexo. According to market capitalization, this figure put it at position #28 in the Ethereum (ERC20) Token category.
Nexo price chart
In addition, the token’s price has increased by 28% in the last 12 months, crossing over its 200-day simple moving average. In addition, it is performing better than when it held its first token sale. Remarkably, positive trade has occurred for 18 of the past 30 days, or 60% of the period under observation. From a trading perspective, Nexo is currently nearing its cycle high.
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5. Mantle (MNT)
Recently, Mantle (MNT) has attracted notice for its transactional capabilities. With 25.47 transactions per second (TPS), the token has established itself as the top Layer 2 (L2) protocol. This accomplishment demonstrates Mantle’s ability to efficiently handle a huge number of transactions. Between December 23 and December 30, the Mantle coin’s value increased dramatically from $0.59 to $0.65 in a short amount of time.
When examining the technical characteristics, a number of indicators point to a bullish trend for Mantle. It is rated 68 (Greed) on the Fear & Greed index, indicating a generally upbeat attitude. Furthermore, this altcoin is showing upward trend according to 19 technical indicators, which supports market analysts’ bullish outlook.
Mantle price chart
Market analysts anticipate that Mantle’s value may increase in light of these data, with a potential peak of $0.66 by January 2024. These forecasts, nevertheless, are predicated on the altcoin’s current market mood and the observed technical indications.
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6. Minetrix for Bitcoin (BTCMTX)
A novel idea is presented by Bitcoin Minetrix, which lets users stake BTCMTX tokens to earn credits for cloud mining. Therefore, its goal is to guarantee token holders a safe mining environment while also decentralising governance.
In addition, the platform’s staking pool has garnered significant interest due to its remarkable stake of more than 400,000 BTCMTX coins. An advertised annual percentage yield (APY) of 103,225% is the consequence of this accumulation, indicating a high level of interest among investors.
Bitcoin Minetrix has shown strong market momentum in its first presale session. By selling tokens for $0.0125 apiece, the ongoing BTCMTX presale has successfully raised over $7,666,255. This represents 2.8 billion BTCMTX, or 70%, of the 4 billion total token supply. These tokens can be purchased by potential investors using either USDT or ETH.
One noteworthy aspect of the project’s approach is that it gives users the option to stake tokens in exchange for credits for cloud mining. As such, its goal is to promote security and decentralisation in the mining industry. Additionally, the size of the available staking pool and the APY show a noteworthy degree of interest and engagement on the platform.
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