Top 8 cryptocurrencies under 1 cent
The Crypto market downturn of 2022 brought pain for many investors. In 2022, the Crypto market's value plummeted to a two-year low of $796 billion with the collapse of FTX. Within six months, the global Crypto assets industry lost 70 percent of its value, dropping from $3 trillion in November 2021 to $1.3 trillion in July 2022.
However, markets move in cycles, and there are reasons to be optimistic about a recovery by 2024. Here are some potentially positive developments on the horizon:
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Accelerating mainstream adoption. Major financial institutions are offering Crypto services. Countries like El Salvador have adopted Bitcoin as a legal tender. These trends signal growing mainstream comfort with digital assets
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Ethereum merge complete. Ethereum's transition to proof-of-stake consensus finalized in 2022. This positions Ethereum as a Crypto infrastructure for greater scalability, security, and sustainability
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US regulatory clarity. Increased regulatory guidance from the SEC could give investors confidence to re-enter Crypto markets. With the approval of Bitcoin ETFs on 11 January 2024, trillions of institutional money could flow into Bitcoin funds
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Expectation of lower interest rates. As the US Federal Reserve is ready to ease monetary policy in 2024, this could lead to increased economic activity and higher investment in risky assets, which cryptocurrencies are
With these tailwinds, In anticipation of the 2024-2025 bull run, Crypto market can expect the Crypto market cap to experience significant growth, potentially reaching $9 trillion. The advantage of the cryptocurrency market is the low entry threshold for investment.
Here are the top 8 coins worth up to 1 cent that may deserve your attention:
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Shiba Inu
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Dent
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Stellar
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IMPT
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Battle Infinity
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Lucky Block
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Reserve Rights
Do your research before making investment decisions, and consult with an investment professional if necessary. Do not invest amounts you are not prepared to risk.
Shiba Inu, SHIB
Launched in 2020 as a Dogecoin spinoff, Shiba Inu has evolved beyond its meme coin origins and aims to offer robust DeFi services.
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Current Price: $0.000009005
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Market Cap: $5.31 Billion
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2024 - 25 Price Prediction: $0.00000855
• Strong brand awareness and community keep SHIB relevant despite price drops. The vocal "SHIBARMY" enthusiastically promotes the coin on social media
• Low Price allows new adopters to buy large token quantities. The psychological factor of owning "more" coins may drive investment
• The ShibaSwap DEX provides a space to trade SHIB and Leash/Bone tokens. Staking rewards incentivize holding coins in liquidity pools
• The upcoming launch of the Shibarium layer-2 platform aims to reduce Ethereum gas fees and enable greater utility
• The release of Shiboshi NFTs and future metaverse integrations creates additional use cases beyond payments
• As a meme coin, SHIB is vulnerable to waning hype. Continually attracting new adherents may prove difficult in the long term
• High competition from Dogecoin and other meme cash grabs like Dogelon Mars could draw away buyers. Hard to differentiate
• A few whale wallets hold 70% of the SHIB supply. If they sell, downward price pressure may occur
• Unclear whether Shibarium adoption will be sufficient to sustain long-term growth and utility for the ecosystem
Despite dropping from its all-time high, SHIB remains a top 20 Crypto, thanks to its vocal community. Expanding utility via stakes, NFTs, and Shibarium gives Shiba Inu legitimate use cases to build on its brand awareness. If developers can continue executing, SHIB has room for substantial growth by 2025.
Shiba Inu Forecast (SHIB) – Price prediction for 2024, 2025, 2030
Dent, DENT
Dent is building a blockchain-driven marketplace for buying and selling mobile data. Users can pay for data packages internationally using Dent's ERC-20 tokens.
• Allows affordable, global access to mobile data - increasingly essential for participating in the digital economy
• Dent Exchange sells data packages directly from major providers like AT&T, offering up to 300% savings versus retail costs
• The ad-free browsing experience on Dent Apps aims to provide value-added benefits to grow adoption
• 25 million users have already bought data packages through Dent, indicating strong early traction
• The SIM and eSIM resale model faces regulatory uncertainty in many markets
• Telcos and other intermediaries capture much of the value chain, limiting revenue for Dent
• With no moat beyond its exchange model, new entrants could readily compete
Though Dent has a large user base, converting adoption into meaningful revenue has been challenging. But with billions worldwide still lacking mobile data access, Dent taps into a major need. Smoothing out regulatory hurdles could allow Dent to gain a share in emerging digital economies.
Dent Forecast (DENT) – Price prediction for 2024, 2025, 2030
Stellar, XLM
Stellar is an open blockchain that facilitates cross-border payments and remittances, particularly in developing nations.
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Current Price: $0.1096
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Market Cap: $3,113,771,128
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2024 - 25 Price Prediction: $0.1081 - $0.1321
• Near instant settlement and negligible fees make XLM ideal for micropayments, remittances and bank-to-bank transfers
• Stellar Development Foundation's partnerships with payment providers, banks and technology leaders drive integration and adoption
• Staking rewards and a burn mechanism aim to limit inflation and increase scarcity over time
• ProThe Stellar network already processes over 3 million daily transactions, indicating strong adoptions
• Struggles breaking into remittance and payments in wealthier nations where faster settlement has less urgency
• Reliance on partnerships for adoption raises concerns about centralization. The nonprofit SDF has significant influence over the network's direction
• Regulatory uncertainty around stablecoins and concerns about enabling money laundering could discourage financial institutions from adopting them
Stellar provides real utility for cross-border payments, especially in emerging countries with weak local currencies. But competition from Ripple, Cardano and bank-led CBDCs will make mainstream financial adoption challenging.
Stellar Forecast (XLM) – Price prediction for 2024, 2025, 2030
IMPT, IMPT
IMPT aims to democratize carbon credits by enabling individuals to buy and sell tokens representing carbon footprint reduction.
• Addresses sustainability - one of society's most pressing challenges - through a practical model for shrinking carbon footprints
• The intuitive retail-focused platform and partnerships make carbon credits easily accessible to the mainstream consumer
• Over 10,000 brands, including Lego, Adidas and Microsoft, committed to offering IMPT at checkout, demonstrating strong early traction
• Coinbase Ventures and Binance invested in IMPT's funding rounds, providing reputable industry backing
• The carbon credit market still needs more regulatory structure. Standards for offset quality vary widely currently
• Other emerging competitors like Nori also aim to use blockchain for sustainability goals. Could see fragmented adoption
• Mainstream consumer awareness and concern about environmental footprint remains limited - adoption may take time
By leveraging Crypto to connect consumers with carbon credit investment opportunities, IMPT provides an easy way for retail investors to support sustainability goals. Rapid growth during its launch phase points to strong interest so far.
Battle Infinity, IBAT
Battle Infinity aims to build an interconnected metaverse ecosystem for gaming, Crypto trading, and NFTs.
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Current Price: $0.0004643
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Market Cap: $1.47 Million
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2025 Price Prediction: $ 0.000408 - $ 0.001070
Battle Infinity's diverse platform planned features include:
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Battle Arena is a play-to-earn multiplayer fantasy sports game
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IBAT Premier League - Competitive eSports environment with scholarships and cash prizes
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NFT Marketplace - For digital collectables and in-game assets
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Battle Swap is a decentralized exchange supporting Crypto trading
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Battle Stake - Earn yields by staking IBAT and NFTs
This "all-in-one" approach combines emerging Web3 trends like DeFi, NFTs, and metaverse gaming.
The IBAT token is the native currency driving all interactions and transactions across the ecosystem. A fixed max supply of 10 billion IBAT helps ensure scarcity.
• A multi-pronged suite of offerings provides diverse revenue streams and appeals to various Crypto users
• Partnership with Manchester City football club brings credibility, publicity and an engaged user base
• Android and iOS mobile apps are available to access the ecosystem from smartphones
• As a new project, the execution remains unproven and could underdeliver on promises
• Attracting a large active user base will be essential but takes time and strong community management
• Many competing metaverse, NFT, and Crypto gaming spaces vie for user attention and spending
Combining multiple cutting-edge Crypto trends into one unified ecosystem, Battle Infinity offers a compelling value proposition for the virtual world, gaming and Crypto enthusiasts.
Lucky Block, LBlock
Lucky Block operates a Crypto games platform allowing users to compete for prize rewards in its LBlock token.
• Combining Crypto with competition and entertainment taps into powerful psychology - people enjoy winning money
• Rewards like luxury cars and vacations create aspirational appeal and hype around giveaways
• Promotional contests and ambassador partnerships attract brand attention - 10k NFT holders
• Launched on Binance Smart Chain, but multi-chain expansion planned to deepen liquidity
• New competitor platforms with similar models could fragment the niche Crypto gaming and rewards space
• Legal and regulatory unknowns around Crypto competitions, gambling and promotions
• Current games are basic - major development work is still needed to create a world-class user experience
Lucky Block is opportune to capitalize on the surging interest in "play-to-earn" Crypto models. Its rewards-based promotional strategy built strong early buzz. Sustaining user interest long-term with engaging games will be crucial.
Reserve Rights, RSR
Reserve aims to provide financially underserved populations access to stable currencies pegged to the US dollar.
The Reserve has two coins:
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RSR - Can be locked as collateral to mint Reserve USD (RUSD), a Crypto-backed stablecoin pegged to $1
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RUSD - Algorithmic stablecoin that can be redeemed 1:1 for the RSR used to mint it
Reserve was launched in 2019 and is backed by investments from industry heavyweights like Peter Thiel, Coinbase Ventures, and Pantera Capital.
The project aims to bring much-needed currency stability to countries suffering from hyperinflation, like Venezuela, Turkey and Lebanon. Users in volatile economies can lock RSR to mint RUSD stablecoins they can rely on to maintain purchasing power.
• Addresses a clear need - access to stable currencies with low inflation. Massive potential demand in emerging markets
• Staking incentives allow RSR holders to earn a yield on their locked tokens
• Strong financial backing and advisors lend credibility
• Over $1 billion in transaction volume indicates growing adoption
• It faces stiff competition from other stablecoin models, including Tether and direct CBDCs
• Regulatory status around algorithmic stablecoins remains uncertain
• On/off ramping from local currencies may pose challenges in less developed countries
By tapping into demand for inflation-resistant currencies in unstable economies, the Reserve presents a compelling use case for Crypto. If adoption continues accelerating, RSR could see substantial growth by 2025.
ChiliZ, CHZ
ChiliZ aims to tokenize sports fan engagement by letting users vote on club decisions and access VIP benefits via blockchain-based tokens.
Some key facts about ChiliZ:
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CHZ tokens are used within socios.com - a platform for the fan engagement tokens ChiliZ creates with sports teams
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Partnered teams launch customized Fan Tokens on ChiliZ - tokens their supporters can buy and use to vote on decisions
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Over 40 major teams have partnered, including FC Barcelona, Juventus, PSG and Manchester City
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$350 Million in Fan Token trading volume demonstrates strong platform traction
• Directly aligns fans and clubs for mutually beneficial engagement powered by Crypto
• Large existing fan bases of partnered teams provide a ready market to drive adoption
• Mainstream appeal beyond just Crypto users, with sports being a global passion
• Established partnerships lay the foundation for exponential user growth as more teams join
• Needs ongoing partnerships and integration marketing to onboard new sports teams/fans
• Fan interest may wane over time if token benefits remain limited in scope
• Opens a new realm of regulatory oversight around tokenizing fan participation
By aligning sports fans' passions with Crypto's power, ChiliZ taps into a massive target audience worldwide. Its platform tractions suggest meaningful progress in digitizing one of society's largest industries.
Chiliz Forecast (CHZ) – Price prediction for 2024, 2025, 2030