Top 8 Affordable Crypto Options to Purchase for Less Than 1 Cent on December 23

Rapid changes characterize cryptocurrencies. Therefore, finding cheap, promising investments might take time and effort. Insidebitcoins offers a curated list of some low-cost cryptocurrencies valued under 1 cent which provide significant potential and investment opportunities. Below are some standout cryptocurrencies that could be valuable additions to your investment portfolio.

Market trends this week

During the week in the cryptocurrency market, numerous assets demonstrated substantial double-digit gains. Among the top performers, BNB recorded a weekly increase of 10%. Meanwhile, Hedera surpassed this with an 11% rise.

The Graph (GRT)

Over the past year, The Graph has notably expanded its presence. Significant milestones underscore this growth, including an active Indexer count exceeding 210 and a dedicated community of over 87,000 Delegates. Furthermore, the Graph Network has extended its support by integrating seven blockchain networks, with further additions in the pipeline.

Celo (CELO)

Celo’s price experienced an upward trend, marking a 44% increase over the past year. Notably, the current trading value exceeds the 200-day simple moving average, indicating a rally. Currently, Celo is near its cycle high, signifying potential market strength. Moreover, liquidity remains robust, backed by a solid market capitalization.

Sponge V2 ($SPONGE)

Sponge V2, the upgraded version of the $SPONGE meme coin, has experienced significant growth since its inception. Originally valued at $1 million, it soared to over $100 million in market capitalization in 2023. Presently, it stands at $16 million, attracting a community of more than 11,500 holders. Furthermore, Sponge V2 introduces the Stake-to-Bridge model, focusing on rewarding and retaining existing holders. With plans for primary exchange listings and the backing of a sizable community of 30,000, the $SPONGE project positions itself for potential growth. Hence, the coin has attracted the attention of potential investors as the best cheap crypto to invest in.

Nexo (NEXO)

Nexo has seen a noteworthy surge in its price, experiencing a 38% increase over the past year. This rise positions it above its 200-day simple moving average, indicating a positive momentum trend. NEXO is trading close to its highest point in its recent cycle. The sentiment towards Nexo’s price prediction is currently bullish, aligning with a Fear & Greed Index of 70 (Greed). Out of 1.00 billion NEXO, 560.00 million Nexo tokens are in circulation. Furthermore, Nexo has seen a significant price rise, positive trading days, and a bullish outlook in price prediction and investor sentiment. However, its nearness to its peak and the substantial price hike might hint at potential volatility or a price adjustment in the future.

Sui (SUI)

Solend, a leading lending and borrowing protocol established on the Solana blockchain, recently announced its forthcoming launch on the Sui blockchain. Furthermore, the expansion to Sui promises to introduce Solend’s comprehensive DeFi services to a fresh user base. In addition, it aims to attract more developers to engage within the Sui ecosystem. This move by Solend signifies a strategic step towards diversification, expanding its reach beyond Solana onto the Sui blockchain. The partnership holds the potential for mutual growth, offering a bridge for Solend to tap into new user demographics while contributing to the development of the Sui blockchain ecosystem.

Bitcoin Minetrix (BTCMTX)

Bitcoin Minetrix introduces an innovative approach to cryptocurrency by allowing users to stake BTCMTX tokens in exchange for cloud mining credits. The staking pool of Bitcoin Minetrix has garnered notable attention, with a current staking volume exceeding 400,000 BTCMTX tokens. The project advertises an annual percentage yield (APY) of 103,225%, drawing interest due to its high potential returns. In its initial developmental phase, Bitcoin Minetrix has experienced significant traction, emerging as one of the top performers in cryptocurrency. The ongoing BTCMTX presale has raised over $5,857,270, with tokens sold at $0.011 per unit. This growth underscores the project’s ability to attract participants and raise capital, signaling market enthusiasm for its unique staking mechanism.

Casper (CSPR)

The integration of Team Finance into Casper has significantly streamlined the token creation process, making it quick and user-friendly. Key highlights include a 60% price increase in the last year. It consistently trades above the 200-day simple moving average and has a positive performance compared to the token’s sale price. Should the bulls reassert control, increased bullish momentum will likely propel the price toward its resistance level at $0.02592. Additionally, sustaining the price above this level could fuel upward movement, pushing the price to challenge its upper resistance barrier at $0.0300 over the forthcoming days.

Zilliqa (ZIL)

The recent month in the crypto industry witnessed substantial price fluctuations, eventually leading to relative stabilization. The price trend follows an ascending channel, with an anticipated but uncertain pattern break on the horizon. Looking at the Moving Average Convergence Divergence (MACD) indicator, there’s a consistent presence of a green histogram, signaling a strong bullish sentiment in the market. However, the moving averages show a bearish curve, indicating a possible change in the trend direction soon.