5 Best Cheap Crypto to Buy Now Under 1 Dollar February 1

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Investing in budget-friendly coins to capitalize on upcoming bullish trends is prudent. Lower-priced tokens often offer better potential returns, making them accessible entry points for investors. Hence, Insidebitcoins regularly compiles a list of the top affordable cryptocurrencies priced below one dollar for investors to consider purchasing.

5 Best Cheap Crypto to Buy Now Under 1 Dollar

Below is a carefully curated selection of 5 tokens priced under $1, tailored for investors seeking affordable yet high-potential crypto opportunities. These tokens can potentially revolutionize the market and are ideal for investors interested in inexpensive altcoins with promising prospects.

Meanwhile, several industry sources have indicated that gaining regulatory approval for new U.S. spot Bitcoin exchange-traded funds (ETFs) through options could be lengthy. This could potentially diminish the attractiveness of these underlying products.

1. Chiliz (CHZ)

Ramper has just announced a groundbreaking partnership with Chiliz Chain. This collaboration aims to open numerous opportunities for developers, entrepreneurs, and communities. Along the same lines, this integration redefines interactions within the Chiliz ecosystem. Hence, it aims to offer a modern gateway to decentralized applications (DApps) and resources.

Furthermore, the Ramper SDK integration significantly bolsters the Chiliz ecosystem’s interaction with a broad audience unfamiliar with Web3. Also, It ensures secure logins using email or Single Sign-On (SSO) methods. In addition, it creates non-custodial wallets in the background, ensuring an intuitive, secure, and seamless user experience.

Moreover, Chiliz is in the spotlight due to its bold approach to expansion and inventive advancements in its blockchain technology. As such, CHZ has surged dramatically over the last week in reaction to the latest news, recording an astounding increase. Similarly, Chiliz is predicted to sustain an upward trend, backed by a greed score of 63. 

In line with this, the coin is above the 200-day SMA. Moreover, it boasts high liquidity based on its market cap, now trading at $0.1012. CHZ displayed an 8.77% increase from its weekly range of $0.094 and $0.12, making a case as one of the cheapest tokens to consider.

In addition to recent news, incorporating the Rarible Protocol is anticipated to change the NFT market within the Chiliz Chain. This integration will improve the CHZ’s ongoing appeal and increase user engagement. This news further demonstrates the platform’s flexibility and strong market performance, which has held up well in the face of persistent market difficulties.

2. Bitget Token (BGB)

What makes BGB a compelling token to add to your portfolio? Bitget Token has caught investors’ attention with bullish sentiments. With the backing of a Greed Index of 63, Bitget Token is surging ahead. Per Coin market cap data, BGB’s price is $0.621518, signifying a 3.55% intraday increase. Equally, BGB’s trading volume rose by 25% to hit $55.97 million, placing the dominance at 0.05%. 

Alongside, BGB comfortably trades above its 200-day simple moving average, indicating a strong bullish trend. Moreover, after an 186% price surge last year, Bitget Token holds the #6 position in the Exchange Tokens sector. This performance has outpaced 84% of the top 100 crypto assets, including Bitcoin and Ethereum.

Therefore, analysts predict a promising future for Bitget Token, citing its partnership and community support. Experts anticipate potential collaborations with other networks, which could propel BGB’s price to exceed $1.36 by 2024. Furthermore, in a continued bullish market, the average price of BGB is expected to stabilize around $1.23 by the same year.

With its strong fundamentals and potential collaborations on the horizon, Bitget Token appears poised for further growth. Therefore, investors are advised to monitor any unfolding developments in the coming months closely.

3. Centrifuge (CFG)

Centrifuge has surged past the $500 million mark in total origination volume. Its growth rates have been nothing short of remarkable, experiencing increases of +4,860%, +74%, and +123%. This suggests a potential breach of the $1 billion milestone by 2024 if current trends persist.

This growth highlights Centrifuge’s innovative approach to real-world asset financing, empowering users to access alternative financing options. Moreover, the Fear & Greed Index, which gauges investor sentiment, currently stands at 63, indicating robust trading activity. Over the past year, Centrifuge has outperformed 78% of the top 100 crypto assets with a 93% price surge.

Furthermore, Centrifuge is actively trading above its 200-day simple moving average and is listed on KuCoin. Also, it boasts a circulating supply of 471.15 million CFG out of a maximum of 430.01 million CFG. With a yearly inflation rate of 35.93%, approximately 124.54 million CFG were minted in the last year alone. Centrifuge currently holds the #63 spot in the Ethereum (ERC20) Tokens sector by market capitalization.

Looking ahead, Centrifuge exhibits substantial potential for further growth. Hence, collaborations with other networks could propel CFG to surpass $0.92 by 2024, particularly in a bullish crypto market. Even in a more conservative scenario, the average price of  Centrifuge is expected to stabilize around $0.83 by 2024.

4. SATS (1000SATS)

The crypto market has shown signs of recovery, with 1000SATS experiencing a notable uptrend of 26% over the past week. Several key indicators are actively pushing this momentum.

SAT’s trading volume has surged 177% in the last 24 hours, indicating increased activity and interest. In addition, social media sentiment surrounding the project has seen a substantial uptick of 290%. This suggests growing eagerness among investors. Moreover, trader sentiment is also rising, reflecting a growing confidence in the project’s potential. 

From a technical standpoint, the recommendation is bullish, further bolstering the positive outlook for 1000SATS. Transitioning to broader market dynamics, the Fear & Greed Index currently stands at 63, indicating a sentiment of greed among investors. This sentiment aligns with the bullish trend observed in 1000SATS and the broader crypto market.

Regarding market positioning, 1000SATS is ranked #3157 in the Ethereum (ERC20) Tokens sector and is traded on Binance, a leading cryptocurrency exchange. These factors and the project’s strong fundamentals and dedicated community support suggest promising prospects for 1000SATS.

Furthermore, analysts predict that if 1000SATS announces collaborations with other networks, its price could surpass $0.001665 by 2024. In a bullish market scenario, the average price of 1000SATS is expected to hover around $0.001508 by the same year.

5. Sponge V2 (SPONGE V2)

Sponge V2 cryptocurrency has experienced remarkable growth since its inception. Initially valued at $1 million, it peaked at a market capitalization exceeding $100 million in 2023. Presently, it stands at $16 million, with over 11,500 holders actively participating.

Moreover, one of its standout features is the Stake-to-Bridge model, which actively streamlines the transition for $SPONGE holders to V2. This is achieved by incentivizing and retaining existing holders through staking mechanisms.

Furthermore, the project’s roadmap includes concrete plans for primary exchange listings supported by a substantial community of 30,000 members. These developments position the $SPONGE V2 project for potential growth. Hence, it has attracted considerable interest from prospective investors seeking opportunities in the cryptocurrency market.

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