5 Best Cheap Cryptocurrencies to Buy Under 1 Dollar November 15 – The Graph, Algorand, Cronos, Hedera
Bitcoin’s market dominance has dipped to 59.74%, suggesting a possible shift toward altcoins as investors explore portfolio alternatives. While Bitcoin’s price has slightly declined, positive funding rates and a high Fear and Greed Index indicate sustained investor confidence. This sentiment appears to be redirecting attention toward promising altcoins.
As Bitcoin consolidates, projects like GRT, CRO, and HBAR are gaining momentum. This trend highlights the potential for selective growth in the altcoin market, driven by increasing investor interest. In light of this, investors are searching for affordable tokens, particularly the best cheap crypto to buy now under 1 dollar.
5 Best Cheap Cryptocurrencies to Buy Under 1 Dollar
The price of The Graph (GRT) currently stands at 0.176178, reflecting a 1.73% drop over the past 24 hours. Meanwhile, Algorand (ALGO) experienced substantial growth during Q3 2024, driven by developments within its ecosystem and shifting market conditions. Cronos (CRO), the native token of Crypto.com, has recently seen a significant price uptick.
Pepe Unchained ($PEPU) has gained considerable traction during its presale, raising $30 million, with $1.2 million contributed in the last 24 hours alone. On the other hand, HBAR is currently priced at 0.069915, marking a 15.21% increase in the past day. Additionally, Dogecoin surged following news that former U.S. President Donald Trump has enlisted Elon Musk to lead a government efficiency initiative.
1. The Graph (GRT)
The Graph (GRT) is priced at 0.176178, reflecting a 1.73% decline in the last 24 hours. However, over the past year, it has demonstrated a 30% increase, indicating a steady upward trend in its performance. The sentiment for its price prediction remains neutral. Meanwhile, the Fear & Greed Index stands at 80 (Extreme Greed), which indicates strong investor interest and confidence in the market.
GRT is trading well above its 200-day simple moving average (SMA) of 0.117455. Its current level is approximately 50.02% higher than the 200-day SMA, highlighting its continued momentum. Additionally, the token has high liquidity relative to its market capitalization. This makes it attractive for traders, as liquidity is critical for smooth transactions.
Forecasts for November suggest that GRT’s price may rise further. Analysts expect a potential trading range between 0.176239 and 0.610745, with an estimated average of 0.35343. If this scenario plays out, it could yield a 246.61% return on investment (ROI) for those buying at current levels and selling at the predicted higher value.
2. Algorand (ALGO)
Algorand saw notable growth in Q3 2024, driven by ecosystem initiatives and evolving market dynamics. The number of new addresses on the network increased by 63% quarter-over-quarter, growing from 0.8 million to 1.3 million. This increase was primarily fueled by the Coinbase Learning Rewards program, which encouraged broader user participation.
The total value locked (TVL) in Algorand’s decentralized finance (DeFi) sector rose by 12%, from 173 million to 194 million. This growth was supported by increased activity on key DeFi protocols within its ecosystem, reflecting steady adoption.
The stablecoin market on Algorand expanded significantly, with a 34% rise in total market capitalization. USDC dominated this, growing by 66% and now accounting for 97% of the network’s stablecoin market. This highlights the importance of stablecoins in the ecosystem and their continued dominance in driving liquidity.
Algorand is priced at 0.1585. It has increased by 9.15% in the last 24 hours and 10% over the past year. Market sentiment remains bullish, with the Fear & Greed Index showing “Extreme Greed” at 80.
3. Cronos (CRO)
Cronos (CRO), Crypto.com’s native token, recently saw a notable price increase. Last week, the token reached $0.23, its highest value over two years. This marks an 85.9% rise in value, positioning it as the 30th largest cryptocurrency by market capitalization at approximately 4.3 billion. While this growth has attracted significant attention, some indicators suggest caution in the short term.
The price surge can be attributed to increased activity from whale investors. Large transactions exceeding $100,000 rose dramatically from 19 to 126 within a single day. This spike reflects growing interest from high-net-worth investors and institutions, often influencing broader market sentiment.
At the same time, trading volumes increased by 340%, reaching 1.21 billion weekly. Such growth in trading activity indicates strong market participation. Higher volumes typically enhance liquidity and reflect increased investor confidence, which can help sustain price momentum in the short term.
Additionally, Cronos benefited from a partnership with Google Cloud, strengthening its market position. Google Cloud now serves as a key validator on the Cronos blockchain. This collaboration highlights the platform’s efforts to improve its infrastructure and credibility. It has also contributed to boosting investor confidence by signaling greater institutional involvement.
4. Pepe Unchained ($PEPU)
Pepe Unchained ($PEPU) has captured significant attention during its presale, raising $30 million, including $1.2 million in the past 24 hours. With the 30-day countdown to the presale’s end announced, speculation about its future is growing. Many are discussing its potential for tier-1 exchange listings, which could significantly impact its value.
Recent whale investments have further fueled confidence in the project. One whale contributed $35,000, while another purchased $320,000 worth of $PEPU over multiple transactions. These actions often signal careful evaluation by large investors, encouraging smaller traders to follow suit. This activity reflects the growing interest of major players in meme coins.
Pepe Unchained stands out due to its utility-focused features. Built on a Layer-2 Ethereum solution, it offers a decentralized exchange, cross-chain bridge, and Pepe’s Pump Pad, allowing users to create meme coins easily. A development grant program, Frens With Benefits, supports builders in the ecosystem, while its staking program offers an annual yield of 86%, promoting long-term holding.
Endorsed as “Token of the Week” by Best Wallet, $PEPU has gained visibility, driving further interest. Speculation about listings on platforms like Coinbase has also intensified, as the original Pepe Coin surged after being added to Coinbase’s roadmap. With 28 days left, $PEPU’s success depends on maintaining its momentum, securing exchange listings, and delivering on its promises. It remains accessible through its website at $0.01281 per token.
Visit Pepe Unchained Presale
5. Hedera (HBAR)
Hedera (HBAR) has gained attention as Canary Capital filed with the U.S. Securities and Exchange Commission (SEC) to launch an exchange-traded fund (ETF) focused on the cryptocurrency. This filing is the first to propose an ETF centered on HBAR, positioning Canary Capital as an early mover in offering this investment opportunity.
At its current price of 0.069915, HBAR has increased 15.21% in the last 24 hours. Over the past year, its value has risen by 12%, reflecting steady growth.
Market sentiment appears positive, as reflected in the Fear & Greed Index, which currently stands at 80, signaling “Extreme Greed.” In addition, HBAR has shown consistent performance, with 15 of the last 30 days closing above the opening price. This accounts for 50% of the time.
Learn More
- Best Affordable Tokens in 2024
- Our Previous Best Cheap Cryptocurrencies to Buy Under 1 Dollar Post
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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