5 Best Cheap Cryptocurrencies to Buy Under 1 Dollar November 3 – XRP, TRON, Cronos, Stellar
Release: 2024/11/04 15:19 Reading: 422
The Expanding Landscape of the XRP Ledger
Introduction
Initially designed by Ripple for cross-border payments, the XRP Ledger has witnessed a surge in its applications. As of recently, non-payment activities have surged to account for 50% of transactions on the network. This shift reflects users' growing interest in the XRP Ledger's diverse capabilities, including asset issuance and decentralized exchange (DEX) features. Santiment's findings reveal significant progress in innovation and growth across ten leading crypto ecosystems. Consequently, investors are seeking affordable cryptocurrencies, including under $1 bargains.
5 Affordable Cryptocurrencies Under $1
1. Ripple (XRP)
XRP experienced a brief price hike this week after two firms submitted XRP ETF proposals to the SEC. While XRP initially gained 10%, it has since returned to previous levels. Despite ongoing hurdles, these filings represent a step toward potential ETF approval, which could significantly impact Ripple's price. Analysts advise caution due to the possibility of a more favorable entry point if prices dip.
XRP's current price stands at $0.501995, a 1.68% decrease over the past 24 hours. Over the last 30 days, XRP has exhibited positive movement on 16 days, indicating liquidity based on its market cap.
2. TRON (TRX)
TRON Network has gained popularity, reflected in its transaction share among major altcoin blockchains. As of October 30, TRON processed 43% of total transactions, making it the leading network for transaction volume.
TRON's price is currently $0.164452, with a 0.95% dip in the last 24 hours. However, over the past year, TRX has risen by 68%, outperforming many top crypto assets. Its price remains above its 200-day SMA, indicating sustained momentum.
3. Cronos (CRO)
Cronos (CRO) is priced at $0.071761, with a trading volume of $8.22 million over the past 24 hours. The market capitalization stands at $1.91 billion, with a market dominance of 0.08%.
4. Stellar (XLM)
Stellar (XLM) is a decentralized peer-to-peer (P2P) network established in 2014, designed to facilitate quick and reliable financial transactions.
XLM's current price is $0.09074, having declined by 1.86% over the last 24 hours. The Fear & Greed Index indicates a score of 69, suggesting greed in the market.
5. Pepe Unchained ($PEPU)
Pepe Unchained (PEPU) has gained momentum, with its presale exceeding $24 million. This project aims to create a Layer 2 ecosystem for meme coins, aiming to enhance the experience for Ethereum-based meme coin transactions.
The upcoming Layer 2 network will feature tools such as instant bridging to Ethereum and a decentralized exchange (DEX). Pepe Unchained has also initiated the "Pepe Frens With Benefits" grant program to attract developers to build applications on its network.
Conclusion
The crypto landscape continues to evolve, with the XRP Ledger expanding its applications and investors seeking affordable options. The five cryptocurrencies highlighted in this article offer potential for growth and innovation in various sectors.
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