5 Best Cheap Cryptos to Invest Now Under 1 Dollar October 13 – Ethena, Mina, Fantom, Chiliz

The crypto market is showing renewed strength, leading to notable improvements in the performance of various altcoins. Over the last 24 hours, several altcoins have seen substantial gains. Aptos (APT) has risen by 17.2%, while Sui (SUI) has increased by 8.6%, suggesting a shift in sentiment toward the altcoin market.

The Altcoin Season Index also displays an inverse head-and-shoulders pattern, which indicates a potential bullish trend that has yet to be observed in over three years. Analyst Moustache shared a positive outlook, noting that “the struggles of recent years will soon fade away.” Hence, this article aids investors by providing a list of the best cheap cryptos to invest now under 1 dollar.

5 Best Cheap Cryptos to Invest Now Under 1 Dollar

Ethena, an Ethereum-based decentralized finance (DeFi) project, has experienced significant growth in its native token, ENA, alongside its stablecoin, USDe. Mina Protocol is valued at 0.558, marking a 5.05% rise in the past 24 hours. Meanwhile, Chiliz (CHZ) is trading at 0.074763, reflecting a 5.14% increase over the same period, with a 35% rise in value over the past year.

In addition, Crypto All Stars ($STARS), a meme coin gaining traction in the crypto world, has been drawing attention. Fantom (FTM) is priced at 0.662887, showing a 4.61% decline in the last 24 hours as of October 13, 2024. Bitcoin has rebounded to 62,000 as the market closely monitors economic trends.

1. Ethena (ENA)

Ethena, an Ethereum-based decentralized finance (DeFi) project, has seen notable growth in its native cryptocurrency, ENA, and its stablecoin, USDe. Recently, ENA’s price rose by 25%, reaching $0.35, and its market capitalization surpassed $920 million. ENA’s daily trading volume surged 180%, hitting $233 million.

A key development for Ethena is its USDe stablecoin, which has rapidly gained traction, reaching a market value of $3 billion. This growth positions USDe as a competitor to Tether’s widely used stablecoin. According to crypto trader Eugene Ng Ah Sio, Ethena aims to elevate USDe from a DeFi-based token to a widely recognized stablecoin.

The unique structure of USDe enables users to invest $1, which is split between staked ETH and a short position on ETH, creating a delta-neutral strategy. This setup generates returns, with yields for sUSDe ranging from 10% to 13% annually, which has helped boost its popularity. In just seven months since its launch, USDe has attracted $3.7 billion in total value locked.

USDe also benefits from its yield premium, offering 5-8% above the Federal Reserve’s funding rates, making it appealing for those seeking higher returns. This gap could grow with recent interest rate cuts, further enhancing USDe’s attractiveness.

The potential launch of another stablecoin, UStb, could further support USDe’s growth. The significant increase in ENA’s value, rising by 60% in the past month, signals a broader market recovery and growing interest in the project. In summary, Ethena’s USDe stablecoin stands out due to its secure structure and competitive yields, positioning it to challenge established players like Tether. Its rapid expansion suggests it may become a prominent force in the stablecoin market.

2. Mina (MINA)

The current price of Mina Protocol is $0.558, reflecting a 5.05% increase over the past 24 hours. Over the last year, its value has risen by 55%, signalling notable growth. Furthermore, in the last 30 days, Mina has experienced 18 “green days,” meaning the daily close price was higher than the daily open price on 60% of those days. This suggests a consistent upward momentum, which may appeal to investors looking for short-term trends.

In addition, the Mina Protocol benefits from high liquidity in its market capitalization. This aspect generally makes buying or selling the asset easier without causing significant price fluctuations, enhancing its attractiveness to traders. As of October 13, 2024, the overall market sentiment remains bullish, supported by 23 technical indicators that point toward potential positive movement in the near term.

In the upcoming week, predictions suggest that Mina’s price could range between $0.561 on the lower end and $0.770 on the higher end. If the asset reaches the upper target, it would represent a 37.39% increase by October 21, 2024. While this forecast seems optimistic, it is worth considering this range’s lower and upper bounds to account for possible market fluctuations.

For the longer term, particularly for the remainder of 2024, the forecast indicates that the Mina Protocol could trade within a broader range, from $0.561 to $2.67. If the asset reaches this upper price target, it would represent a potential increase of 378.64%. While this projection suggests significant growth, it is important to note that market conditions can change, and investors should consider this in their decision-making process.

3. Chiliz (CHZ)

Chiliz (CHZ) is priced at 0.074763, reflecting a 5.14% rise in the last 24 hours. Over the past year, the price has seen a 35% increase. Notably, it had 19 green days in the last 30 days, meaning 63% of the time, the daily close was higher than the daily open.

As of October 13, 2024, the market sentiment around Chiliz appears neutral, though 22 technical indicators signal bullish trends. For the upcoming week, predictions place CHZ between 0.074377 and 0.116896. If it hits the higher end of this range, the price could jump by 57.17%, reaching 0.116896 by October 21, 2024.

Looking further into 2024, Chiliz is expected to trade between 0.073763 and 0.245794. If the price reaches the upper target, this would represent a 228.94% increase, pushing the value to 0.245794.

4. Crypto All Stars (STARS)

Crypto All Stars ($STARS) is an emerging meme coin gaining attention in the crypto space. With over $2.2 million raised in its ICO, the project attracts investors looking for high-reward opportunities. Currently priced at $0.0014947, $STARS can be purchased using ETH, BNB, USDT, or credit and debit cards.

A key feature of Crypto All Stars is its staking platform, offering an impressive 662% APY during the presale. Over 1.1 billion tokens have been staked so far. The project also introduces MemeVault, which allows users to stake popular meme tokens like DOGE, PEPE, and SHIB to earn $STARS. Built on the ERC-1155 standard, it offers multi-token staking in a single transaction, improving efficiency and lowering fees.

The team behind Crypto All Stars is preparing for a DEX listing, with plans for future CEX listings and marketing efforts. Security audits from Coinsult and SolidProof enhance investor confidence, while the project’s growing social media presence—17,000+ Twitter followers—helps boost community engagement. With its innovative staking features and strong presale performance, Crypto All Stars could stand out in the meme coin market. 

Visit Crypto All Stars Presale

5. Fantom (FTM)

Fantom (FTM) is priced at 0.662887, reflecting a 4.61% drop in the last 24 hours as of October 13, 2024. Despite this short-term decline, Fantom’s overall market sentiment remains bullish. Out of 28 technical indicators, the majority signal positive growth potential. Over the past year, the token has seen a 258% increase, outperforming 78% of the top 100 crypto assets, including Bitcoin and Ethereum.

Fantom’s price currently trades 57.75% above its 200-day simple moving average (SMA), which stands at 0.42001. This suggests strong momentum, as it performs well compared to its initial token sale price. With 18 out of the last 30 days showing positive price movements (60%), Fantom demonstrates healthy liquidity relative to its market cap.

Looking ahead, the price forecast for the next week indicates a potential rise. The estimated range is between 0.682734 and 0.730862, with a potential 7.05% increase if it hits the upper target by October 21, 2024.

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