5 Best Cryptocurrencies Trading Under 1 Cent
November 17
If you’re considering investing in the dynamic crypto market, it’s important to investigate the top cryptocurrencies with significant investment potential.
Global Cryptocurrency Market Capitalization
Over the last day, the global cryptocurrency market capitalization saw a 2.63% decrease, resting at $1.36 trillion, with a market volume of $67.27 billion, marking a 9.74% decrease. Decentralized finance (DeFi) contributed $7.99 billion, equivalent to 11.87% of the total market activity. Stablecoins accounted for $60.05 billion, comprising approximately 89.26% of the total crypto market volume during this period.
Axelar (AXL)
Axelar (AXL) is currently valued at $0.568165. It boasts a market capitalization of $268.85 million and has a daily trading volume of $6.43 million, surging by 22.68% in the past 24 hours. Market sentiment leans bullish, with a Fear & Greed Index of 63 indicating โGreed.โ Projections suggest potential price movements for Axelar, with a maximum price potential of around $1.11 in a recovering crypto market and an average price prediction for 2023 hovering at $0.98.
Dogecoin (DOGE)
Analysis of Dogecoin’s performance suggests potential indicators of an upcoming rally within the cryptocurrency. Dogecoin managed to mark a gain of 6.87% in the past 24 hours, with on-chain transaction volume reaching a total of $665 million, the highest in three months, and the total transaction volume in the past 24 hours reaching $1.83 billion, suggesting an increased transaction volume and positive price movements.
Meme Kombat (MK)
Meme Kombat (MK) has garnered attention by integrating gaming and cryptocurrency, offering unique features tailored for gaming enthusiasts. It revolves around meme-based battles, with the presale event offering a staking feature boasting an Annual Percentage Yield (APY) of 112%. The token’s potential growth in the cryptocurrency realm has sparked interest.
aelf (ELF)
aelf (ELF) has demonstrated significant price movements in the past year, currently trading above the 200-day simple moving average and exhibiting high liquidity with a market capitalization of $313.22 million and a 24-hour trading volume of $10.84 million. The token’s bullish sentiment and market dominance of 0.02% suggest favorable market conditions.
Civic (CVC)
Civic (CVC) is currently priced at $โฏ0.176042 with a market cap of $โฏ176.04M. It ranks at #82 in the Ethereum (ERC20) Tokens sector and has exhibited significant price surges over the last 12 months, with its current trading behavior indicating positive and consistent upward movement.
Hot Take
Investigating the potential of cryptocurrencies trading under 1 cent as of November 17 shows promising investment opportunities within the dynamic crypto landscape. Each of these cryptocurrencies โ Axelar, Dogecoin, Meme Kombat, aelf, and Civic โ demonstrates unique features and growth potential, making them worthwhile options to explore in the current market environment.
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies.Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.
