6 Best Affordable Cryptocurrencies
Discovering affordable tokens that offer potential growth has become an exciting pursuit for many investors. As such, cryptos trading at under 1 cent present a unique opportunity to uncover promising assets with the potential for exponential growth.
This article compiles some of the best affordable cryptocurrencies available. In addition, it will highlight their potential, reflecting why they might intrigue investors seeking budget-friendly options with high growth potential.
1. Bonk (BONK)
Coinbase has unveiled its intentions to broaden its range of products in Europe. The expansion blueprint involves incorporating derivative services, marking a significant step for the company. This news has prompted investors to comb the market for affordable tokens, anticipating a bullish run.
BONK has captured considerable attention in the crypto community. The coin showcased a fluctuating performance marked by significant gains, notable exchange listings, and recent market corrections. Bonk’s upward trajectory commenced with single-sided staking on December 1, highlighting this meme coin.
Soon after, Coinbase listing BONK triggered a remarkable 50% surge in value on December 14. Looking ahead to 2024, BONK exhibits promising signs supported by community backing and listings on major exchanges. Projections from Telegaon suggest a maximum trading value of $0.0000604 for the meme coin during 2024.
2. Mantle (MNT)
In the last 30 days, Mantle Token has seen 50% of green days, signifying positive trading activity. Currently trading close to its all-time high, the token also hovers near its cycle peak. Notably, the token boasts high liquidity, attributed to its substantial market capitalization.
Today, Mantle is valued at $0.663783, showcasing a 24-hour trading volume of $204.81 million. Its market cap is $2.08 billion, indicating a market dominance of 0.12%. Over the past day, the MNT price has surged by 6.87%.
3. Shiba Inu (SHIB)
Shiba Inu has garnered the crypto market’s attention, propelled by its active community and ongoing utility advancements. This also includes the introduction of ShibaSwap, a decentralized exchange. Recent project updates include implementing Shibarium – a layer-2 scaling solution and burn mechanisms for the SHIB token. These projects reflect Shiba Inu’s commitment to growth and innovation in the crypto space.
Analyzing its market positioning, Shiba Inu holds the #5 rank in the ERC20 sector and #2 in the Meme Coins sector. Inu’s highlights include a 7% price increase last year and consistent trading above the 200-day simple moving average.
4. Skale (SKALE)
In a recent collaboration, Granted and SKALE Network have teamed up to bolster web3 application development. Hence, this partnership aims to provide secure funding and a supportive blockchain ecosystem. Moreover, this partnership combines Granted’s strategic grant funding proficiency for the Web3 landscape with SKALE’s standout blockchain attributes.
Analyzing SKALE’s market performance, the token reached its cycle high at $ 0.104184 since the last low. Market sentiment leans bullish for SKALE’s price prediction, with the Fear & Greed Index reading 73 (Greed).
5. Bitcoin Minetrix (BTCMTX)
Bitcoin Minetrix has introduced an innovative approach, allowing users to stake BTCMTX tokens in exchange for cloud mining credits. The primary objective behind this initiative is to decentralize control and provide a secure mining environment for token holders.
During its initial presale phase, Bitcoin Minetrix has shown significant market traction. The ongoing presale of BTCMTX has successfully raised over $8,041,666 by selling tokens at $0.0125 each. This represents 70% (2.8 billion BTCMTX) of the total token supply of 4 billion. Moreover, interested investors can acquire these tokens using either ETH or USDT.
6. Telos (TLOS)
Telos Foundation has appointed John Lilic as its new Executive Director, marking a significant step forward for the organization. Lilic brings a wealth of experience from roles at Consensys and Polygon, where he contributed substantially to developing pioneering technologies such as MetaMask.
The current price movement of TLOS, Telos’s native token, has increased by 123% in the past year. Outperforming a significant portion of the top 100 crypto assets within this period, it trades above the 200-day simple moving average, indicating a positive trajectory. Likewise, TLOS has seen 16 green days recorded in the last 30 days, comprising 53% of the period. As such, telos demonstrates consistency in its market performance.
Hot Take
Finding affordable cryptocurrencies with high growth potential is an incredibly promising endeavor for seasoned and beginner investors alike. With the right knowledge and insight, these affordable tokens provide ample opportunities for financial growth and risk management. If you’re ready to invest in an affordable cryptocurrency, the prospects of exponential growth make it an exciting journey for many investors.