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After days of uncertainty and falling prices, crypto prices are experiencing a rebound. This rebound is being driven by positive sentiment and strategic buying. That’s why our team at Insidebitcoins has compiled a list of the top 5. best cheap cryptos to buy under 1 cent.
Moreover, the unexpected turnaround boosts investor confidence, and some believe it could signal the start of a new bullish phase. As the market recovers, it is an opportune time to examine the potential of these tokens. Our main goal is to analyze these low-priced tokens to provide valuable insights to investors.
Top 5 cheap altcoins you can buy now
This article will analyze the factors that significantly influence Alchemy Pay market trends. We will also look at other low-priced altcoins such as Liquid Staking Derivatives, Nervos Network, and Pepe. By the end of this analysis, investors will have a clearer understanding of their prospects for 2024.
In the meantime, The Meme Games is making waves in the crypto market as an appealing new meme coin with a meme twist.
1. The Meme Games (MGMES)
The Meme Games Leveraging multiple gaming features such as adventure, passion, competition, rewards, and unpredictability, the team is building on a strategic integration of meme virality and the Olympics, which has led the project to be recognized as the “official” meme coin of the 2024 Paris Olympics.
The developers have made sure that all characters have an equal chance of winning. This is done in a way that adds some layers of fun and unpredictability to the game. If a meme selected by a player wins, the player will receive a 25% bonus on their MGMES tokens. Meanwhile, players can buy tokens multiple times and change their memes to increase their chances of winning.
Over $353,000 was raised at a modest price of $0.0092 per token. Additionally, by staking MGMES tokens, token holders receive an APY of 623%, although this rate decreases as the number of stakers increases.
Above all, The Meme Games The presale will coincide with the 2024 Paris Olympics and is scheduled to end on September 8 during the Paralympics closing ceremony. Additionally, the token will launch on several DEXs on September 10, where its price is expected to explode.
Visit the Meme Games Presale
2. Pepe (PEPE)
Recently, investors have shifted their attention from Bitcoin to meme coins like Pepe. The token’s success is partly due to its adoption and liquidity. Pepe has gained significant traction, with over 223,000 holders and around 2 million transfers.
Pepe’s price recently rose to $0.0000008477, fueling investor optimism. This rise has raised expectations for further growth. Given the recent performance, the token’s goal of reaching a market cap of $6 billion now seems more achievable.
Meanwhile, recent positive regulatory developments, including the approval of a spot Ether ETF, have boosted investor optimism. This approval facilitates institutional access to Ethereum investments and benefits tokens like Pepe.
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— Robinhood Crypto EU (@RobinhoodCrypto) May 29, 2024
The price of Pepe has increased by 512% in the last year and is currently trading at $0.0000008577, up 14815.83% month-on-month. The token is also trading above its 50-day and 200-day SMAs. As Pepe’s uptrend continues, it is attracting more investors. This is typical when tokens reach all-time highs. The growing retail interest is further increasing enthusiasm and investment in the project.
3. Alchemy Payment (OH)
Alchemy Pay enables consumers, merchants, developers, and institutions worldwide to seamlessly transact between fiat and cryptocurrencies. The company provides payment solutions that integrate fiat and cryptocurrencies for online and offline merchants. Currently, Alchemy Pay supports over 300 payment channels and operates in more than 71 countries. Through strategic partnerships with industry leaders such as Shopify, QFPay, Binance, and NIUM, the company has successfully brought over 2 million merchants onto its platform.
An analysis of the ACH price shows strong daily trading volume, highlighting a positive market trend. Over the past 24 hours, the token has shown bullish behavior and traded at $0.01962, up 2.01%. It has established support at $0.0193 and formed higher highs and higher lows, suggesting renewed bullish momentum.
The 7-day chart shows ACH trading above $0.018, maintaining a modest uptrend. Bulls quickly regained control despite a brief dip below $0.017 due to bearish pressure. The recent increase in buying pressure suggests a positive outlook for investors.
.#AlchemyPayThe Ramp Solution is now available at @Toobit_official
The Ramp integration enables a simple and fast payment experience when buying and selling cryptocurrencies with credit cards, mobile wallets and bank transfers on the Toobit platform.https://t.co/tLOBoeDEJA$ACH pic.twitter.com/0m9e97eJSp
— Alchemy Pay|$ACH: Fiat-Crypto Payment Gateway (@AlchemyPay) 7 August 2024
Overall, ACH’s analysis suggests that bulls are currently leading the market and could push prices higher in the coming days as long as they maintain support above key levels. If buyers continue this trend and break above the resistance level, they could trigger a breakout and significantly increase the positive momentum.
4. Nerve network (CBK)
The Common Knowledge Base powers CBK’s ecosystem. Its native token is based on Proof-of-Work (PoW) consensus. This allows developers to build DApps that work seamlessly across multiple blockchain systems, improving scalability and security measures.
The open-source public blockchain project is building a peer-to-peer network for the crypto economy where users can access secure blockchain services. It has a two-layer architecture: the base layer (Common Knowledge Base) for consensus and smart assets and the transaction computation layer.
CKB price is $0.08721, up 2.51% in the last 24 hours and 187% in the past year. It is trading 128.38% above its 200-day SMA which is at $0.007369. The market position is neutral as shown by a 14-day RSI of 48.15.
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In the last 30 days, there have been 14 green days or 37%. The 30-day volatility is at 7%, indicating relative stability. Nervos also has high liquidity, with a volume-to-market-cap ratio of 0.1330.
5. Liquid Staking Derivatives (LSD)
Liquid Staking Derivatives offer a unique approach to staking by preserving liquidity through derivative tokens. These tokens allow users to continue earning passive income while exploring other DeFi opportunities. Unlike traditional staking protocols that typically offer passive income but lock up your assets, Liquid Staking Derivatives preserve asset flexibility.
LSD reached a high price of $2.25 on March 5, 2023 and a low of $0.006465 on September 8, 2023, indicating significant price volatility. Despite the recent declines, the robust performance over the past week and significant trading volume indicate increasing interest and potential for future growth.
Today, Liquid Staking Derivative (LSD) is trading at $0.01885. In the last 24 hours, the token has witnessed a modest price increase of 2.93%, while in the last seven days, it has recorded a notable increase of 7.56%. LSD is trading above its 200-day Simple Moving Average (SMA) and has recorded 27 positive trading days in the last 30.
Over the past week, LSD has outperformed the global cryptocurrency market by 9.80% and the Ethereum ecosystem cryptocurrencies by 15.70%. This exceptional performance highlights the potential of LSD in the market and contributes to the optimistic sentiment among investors.
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