Release: 2024/10/21 15:19 Reading: 427
Altcoin Season on the Horizon
The altcoin market is poised for a potential upswing, with several indicators suggesting an impending altcoin season. After a period of subdued performance, signs indicate altcoins may be set for a resurgence. Traders and investors are monitoring developments closely, notably as the Altcoin Season Index has reached its lowest since early September, hinting at a potential shift in momentum.
Additionally, growing interest in artificial intelligence (AI) and meme-related themes, along with the potential breakout above key resistance levels in the total cryptocurrency market cap, contribute to the optimism surrounding altcoins. In light of this, investors are seeking the most promising altcoins with values under $1. This article provides a curated selection of tokens worthy of consideration.
5 Best Cheap Cryptos to Invest in Under $1
Currently, Mina Protocol trades at $0.606941, representing a 6.64% increase over the past 24 hours. Its price has risen by 52% in the past year. MINA is trading above its 200-day moving average, with 19 out of the last 30 days marked by price gains, indicating a positive trend.
Price predictions for Mina Protocol suggest a potential 231.58% increase, with an expected price of $1.97651 by November 19, 2024. Technical indicators point to bullish sentiment, supported by a Fear & Greed Index reading of 73, indicating a state of greed in the market.
The ongoing presale has reached $20.1 million, with daily contributions reaching hundreds of thousands. Investors can purchase PEPU tokens at a fixed price of $0.0112 using various payment methods. Following the presale, the team plans to list PEPU on an Ethereum-based decentralized exchange, with token claims expected to begin simultaneously.
In addition to liquidity, 10% of the total supply has been allocated for marketing initiatives, which could further increase visibility and attract more participants. Notably, the project has undergone thorough audits of its smart contracts, with no major issues identified.
Furthermore, PEPU holders will have access to a "double staking" application, allowing them to earn cryptocurrency rewards with projected annual yields of around 107%. Over 1.5 billion PEPU tokens have already been locked in staking. The team is offering grants to foster innovation on the Pepe Chain, with applications currently open.
Market projections for Wormhole appear positive, with a substantial 27.72% gain in September. The projected trading range for October is between $0.301182 and $1.02874, with an average price of $0.611083. This forecast implies a potential 161.01% increase compared to the previous month, offering investors a potential return on investment (ROI) of 244.04%.
Core's native token, CORE, is currently trading at $0.98178, representing a 4.59% increase over the past 24 hours. It has outperformed 63% of the top 100 cryptocurrencies, as well as Bitcoin and Ethereum, over the last year, with a 151% increase in value. Additionally, CORE is trading above its 200-day moving average, with 40.09% gains since.
Projections indicate a continued upward trend for November, with expectations for the price to reach $3.95. The anticipated trading range is between $3.07 and $4.69. Investors acquiring CORE at the current price could potentially realize a substantial gain of 376.27% based on these predictions.
In the past 30 days, GALA recorded 16 days with closing prices above opening prices, resulting in a 53% green day ratio. It displays high liquidity relative to its market capitalization, further supporting its stability.
Gala is a blockchain-based gaming platform that empowers players with greater control over their in-game assets. Unlike traditional games, where developers retain ownership, GALA allows users true ownership of their virtual items through NFTs.
Current price forecasts predict that GALA could rise by 227.21%, reaching approximately $0.079057 by November 19, 2024. While technical indicators reflect a neutral sentiment, the Fear & Greed Index remains high at 73. GALA has shown a price volatility of 6.71% over the past month.
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