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Bitcoin initiated a bull run over the past two weeks, reaching a high of $66,480, a level not seen since July. This two-month high for Bitcoin has had a positive impact on the broader altcoin market, with many cryptocurrencies returning to price levels last seen three months ago.
Meanwhile, altcoins are showing signs of stabilization, with a lower trend emerging, indicating a reduction in selling pressure. With key price floors now in place, altcoins appear to be entering a period of low volume and limited trading. This could signal the start of a gradual upward trend for the broader altcoin market. Given these developments, investors are looking for affordable tokens, especially best cheap crypto to buy now under 1 dollarwhich takes time and effort.
5 Best Cheap Cryptos to Invest Now Under $1
Ripple is making significant progress in improving its blockchain infrastructure and expanding its market presence. The SEI Network recently announced new ecosystem integrations aimed at enhancing blockchain capabilities. Currently, Beam’s price is $0.018614, representing an increase of 2.18% over the last 24 hours.
Meanwhile, TRON (TRX) is trading at $0.155099, showing a slight decline of 0.05% over the same period. Additionally, Pepe Unchained ($PEPU) has generated interest in the crypto market, successfully raising $16.4 million during its ongoing presale. In related news, Binance founder Changpeng Zhao is expected to be released after serving a four-month prison sentence.
1. XRP (XRP)
Ripple is making notable progress in both its blockchain infrastructure and its market presence. The SEC’s consideration of appealing a pro-XRP court ruling introduces potential regulatory challenges. This could impact Ripple’s position in the market and the broader regulatory environment. Meanwhile, Ripple’s XRP Ledger (XRPL) is moving forward with significant updates.
At the same time, Ripple is actively working on the launch of its new stablecoin, Ripple USD (RLUSD). This stablecoin, announced at the beginning of September, is intended to complement existing XRP tokens. It will work on both the XRP and Ethereum blockchains. By offering this, RLUSD positions itself as an alternative to major stablecoins like USDT and USDC. The move could expand the options available to users in the growing stablecoin market.
Additionally, Ripple’s on-chain activity has intensified around RLUSD. For example, on September 28, the company minted 300,000 RLUSD into its treasury. Ethereum blockchain explorer Etherscan has revealed this. The minting event, highlighted by Ripple Stablecoin Tracker, sparked various reactions within the Ripple community. This further highlights the increased focus on this new asset.
Don’t miss your chance to join us on October 15 and 16 for #RippleSwell.
This year’s event at Faena Forum in Miami offers exclusive insights and unparalleled networking opportunities with leaders in payments, financial services and blockchain.
Check out the full agenda covering… pic.twitter.com/VGpznb1ejA
– Ripple (@ripple) September 24, 2024
Additionally, the performance of the XRP market has been remarkable. Over the past 24 hours, the price of XRP increased by 4.86%, taking it to $0.64658. General market sentiment remains optimistic. The Fear & Greed Index has a score of 61, indicating that market participants are currently driven by greed.
2. Sei (SEI)
The SEI Network recently announced new ecosystem integrations that are expected to improve blockchain. Two yield-generating liquid staking tokens (LSTs), Seiyan ETH (sETH) and Super Seiyan ETH (ssETH), developed by Nucleus and Dinero, have now been integrated into the SEI ecosystem. While Nucleus functions as a network yield provider, Dinero functions as a yield framework for Ethereum.
In terms of financial performance, SEI’s total value locked (TVL) has now reached $200 million, further reflecting the significant growth of the network’s DeFi offerings. After the successful launch of its V2 protocol, SEI’s TVL increased from $5 million in January 2024 to $200 million in September. This represents a 57.44% monthly increase in value locked over the past four months. Additionally, active user engagement increased by 244%, with the number of daily active users reaching 65,000.
Another week of relentless growth for the Sei ecosystem.
With new developments, community initiatives and new TVL and user records, the momentum is unstoppable.
Here is the weekly recap 👇
Reminders:
🔴 Sei reaches a new ATH of over 200 million TVL!
Thanks to… pic.twitter.com/8UVBgUEzR0—Sei 🔴💨 (@SeiNetwork) September 27, 2024
Looking at SEI’s tokenomics, there is substantial growth potential. With 1.8 billion SEI tokens currently in circulation out of a total supply of 10 billion, there is considerable room for future expansion. The network plans to release 55% of its tokens over the next year, which could potentially lead to even greater development. As a result, analysts suggest that SEI could see significant gains in the AI-driven DeFi and altcoin sectors by 2025, with some projections indicating an 8-10x increase.
3. Beam (BEAM)
Beam is currently priced at $0.018614, showing an increase of 2.18% in the last 24 hours. Over the past 30 days, it has recorded 17 green days, meaning the daily close has been higher than the opening price 57% of the time. This positions Beam near its recent cycle high, reflecting positive market movement.
Meanwhile, overall market sentiment for Beam is bullish, supported by 20 technical indicators signaling an upward trend. In the short term, the price is expected to rise steadily, with forecasts suggesting it will reach $0.018658 on October 1, $0.019634 on October 2, and $0.02089 on October 3. By October 5, the price could reach $0.024133, representing an increase of 29.34%. increase.
Stay up to date with everything that’s happening around the $MC has $BEAM Migration.
We previously shared our latest update. Almost the last one.
– Beam (@BuildOnBeam) September 29, 2024
Furthermore, Beam price is expected to continue rising, potentially reaching $0.060009 by October 30, 2024, which would represent an increase of 221.62%. The Fear & Greed Index stands at 61, indicating a level of greed in the market, while Beam’s price volatility over the past 30 days has been 14.51%. Given current technical signals, now may be a promising time to consider investing in Beam.
4. TRON (TRX)
The current price of TRON (TRX) is $0.155099, reflecting a slight decline of -0.05% over the past 24 hours. However, over the past year, the price has seen a notable 75% increase, outperforming 54% of the top 100 cryptocurrencies during this period. TRON is trading above its 200-day simple moving average (SMA), currently 18.54% higher than the SMA value of $0.13085. It also demonstrates strong liquidity based on its market capitalization and continues to perform well relative to its initial token sale price.
TRON market sentiment currently appears bullish, with 28 technical indicators signaling positive momentum. However, short-term forecasts suggest a potential decline. The price prediction for next week places TRON between $0.142616 and $0.139858, implying a possible downside of -1.93% by October 13, 2024, if it hits the upper target .
Although it has just been integrated, USDT on #TRON already represents 10% of @xMoney_comtransactions over the last 30 days.
Low transaction costs and network speed keep USDT active #TRON an easy choice for users around the world. 🌐
– TRON DAO (@trondao) September 27, 2024
For 2024, TRON is expected to trade between $0.122752 and $0.249127. If it hits the upper limit of this range, the token could see an increase of 60.61%, potentially reaching $0.249127 by the end of the year.
5. Pepe Unchained (PEPU)
Pepe unleashed ($PEPU) has attracted attention in the cryptocurrency space, recently raising $16.4 million during its ongoing presale. This increased interest aligns with broader positive sentiment in the market, driven in part by the Federal Reserve’s recent 50 basis point rate cut, which has generally boosted digital asset prices.
Unlike its predecessor, Pepe ($PEPE), Pepe Unchained runs on its blockchain and has introduced developer grants to promote innovation within its layer 2 ecosystem. These grants have attracted the attention of investors, raising questions about $PEPE’s long-term market position.
During the presale, the $PEPU price is $0.00989, with a slight increase expected in the next round. Additionally, the platform offers staking opportunities with an annual yield (APY) of 130%, which may appeal to those looking for passive income options.
Boom! $16 million raised!
Pepe Unchained continues to break records, and we’re not slowing down! 🌊 pic.twitter.com/Qtkw0w0n85
– Pepe Unchained (@pepe_unchained) September 28, 2024
With a total supply of 8 billion tokens, Pepe unleashed allocated 40% to pre-sales and an additional 20% to marketing. This distribution strategy aims to drive long-term growth and create early momentum in the competitive coin space. As the project continues to grow, its ability to maintain investor interest and differentiate itself from other similar coins will be crucial to its success.
Visit the Pepe Unchained presale
Learn more
Most Wanted Crypto Launch – Pepe Unchained
- Layer 2 Coin Ecosystem
- Featured in Cointelegraph
- SolidProof and Coinsult audited
- Faceoff Rewards – pepeunchained.com
- Over $10M Raised at ICO – Ending Soon
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