Release: 2024/12/11 19:49 Reading: 321
Altcoin Market Surges, Reaching Over $425 Billion
The altcoin market has achieved a significant milestone, as its total capitalization has surpassed $425 billion for the first time since November 2021. At its peak, the market cap climbed to $451.28 billion, exhibiting one of its strongest performances in recent months. This development has been met with enthusiasm by analysts, who view it as a crucial moment for the altcoin sector, encompassing cryptocurrencies outside the top 10. In response, investors are seeking affordable tokens, particularly those under $1.
5 Affordable Cryptos Under $1 to Consider
1. TRON (TRX)
TRON (TRX) recently attained a new all-time high of 0.4407 USDT on December 3, 2024. This achievement holds significance because its previous peak of 0.3004 USDT, set in January 2018, remained unbroken for nearly seven years.
The surge in TRX's value can be largely attributed to developments involving its founder, Justin Sun. Sun's purchase of 30 million WLFI tokens and his subsequent involvement as an advisor to the project, which has ties to Donald Trump's family, generated attention and increased interest in TRX.
Currently, TRX is priced at 0.3091 USDT, with a market capitalization of 23.48 billion and a 24-hour trading volume of 2.39 billion. The Fear & Greed Index indicates a sentiment of 74 (Greed), signaling positive market conditions.
2. JUST (JST)
JUST (JST) has exhibited notable activity, with its current price at 0.04235 and a market capitalization of 419.23 million. Over the past month, its price has increased by 38.32%. The upward trend and positive market sentiment suggest a growing bullish interest in JST.
Within the JustLend DAO ecosystem, significant milestones have been achieved, including a Total Value Locked (TVL) of 8.65 billion and over 468,000 active ecosystem users.
3. IoTeX (IOTX)
IoTeX (IOTX) is trading at 0.046268, reflecting a slight decrease of 0.51% over the past 24 hours. Despite this minor decline, the market sentiment for the token remains neutral, with a Fear & Greed Index of 74 (Greed). Over the past year, IOTX's price has experienced significant growth, increasing by 48%.
4. zkSync (ZK)
zkSync (ZK) is priced at 0.2248, with a market capitalization of approximately 826.24 million. The total and maximum supply of ZK tokens is 21 billion, with a Fully Diluted Valuation (FDV) of 4.72 billion.
The price sentiment for zkSync appears bullish, with a Fear & Greed Index score of 74 (Greed). Over the past 30 days, zkSync recorded 21 green days, indicating a positive market outlook.
5. Pepe Unchained ($PEPU)
Pepe Unchained ($PEPU) debuted on Uniswap and quickly gained traction, resulting in a 44.8% price increase. This surge propelled its market capitalization to $161 million within hours. $PEPU currently trades at 0.02024, demonstrating resilience after a broader market dip.
The project's successful presale, which raised 74 million, has provided it with a solid financial foundation. As one of the largest meme coin ICOs of 2024, it is well-positioned for potential listings on major centralized exchanges (CEXs).
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