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Despite the gloom of the crypto market, some low-priced altcoins are generating bullish momentum. Shiba Inu, Jasmy coin, Beam, eCash, Bonk, and Pyth Network emerge as promising cryptos today, showcasing the widespread momentum propelling digital assets forward. We analyze these coins to determine their profitability.
Shiba Inu has posted remarkable ROI to early investors surging by over 1.8 million percent since its launch. Notably, SHIB’s YTD surge stands at 178. Meanwhile, Beam has continued its dizzy price movement from April. The token has seen increased market activity, evidenced by its 101% volume increase in the last 24 hours.
7 Best Cheap Crypto to Buy Now Under 1 Cent
Regarding upcoming high-value crypto projects, 99Bitcoins is changing the crypto space. The innovative project integrates a “Learn-to-Earn” strategy with blockchain blockchain technology. Users engage in interactive lessons and quizzes to earn $99BTC tokens.
Furthermore, holding $99BTC provides additional benefits, including staking rewards and personalized lessons. Investors also gain access to free trading exposure, signals, and VIP community groups. Below is an overview of 99Bitcoins and the next cryptos to explode.
1. Pyth Network (PYTH)
PYTH recently lost a significant portion of its gains to the bearish trends in the crypto market. However, the token is on its way to recovery and is now valued at $0.4313. Its trading volume has also responded with a 26.7% surge. This metric has seen it outperform several of the top cryptocurrencies today.
Meanwhile, Pyth Network was one of the crypto tokens that amassed significant value in the early days of the bull market. At the market’s peak, PYTH had a value of over $1. Analysts have predicted that the token will soon recapture this value if it maintains its current price trajectory.
Nevertheless, PYTH is one of the crypto tokens to watch in this market. At press time, the token is on a reversal trend and presents investors with the perfect opportunity to buy. Besides, PYTH has also seen some increase in trading volume against the overall trends in the market.
Typically, this price action suggests the return of investor interest in the asset, which can cause a marginal price increase. Also, the current price of PYTH is relatively closer to the ATH value than most altcoins. The possibility of breaking the ATH in the near term could substantially impact the market perception of PYTH potential.
The DeFi world — powered by Pyth 🔮 pic.twitter.com/bXd19v0fdN
— Pyth Network 🔮 (@PythNetwork) May 13, 2024
Therefore, investors looking at crypto tokens for short-term trading opportunities should include Pyth in their watch list, as the token has the potential for further upside. Moreover, Pyth Network offers a unique service in the crypto industry, meaning that its assets will continually remain in demand.
2. 99Bitcoins (99BTC)
99Bitcoins launched its cryptocurrency, the 99Bitcoins token (99BTC). The token rapidly raised over $790k hours into its presale. This development demonstrates the tokens’ potential. Moreover, investors still have the opportunity to purchase tokens at the initial price of $0.00102, although rates are expected to increase over time gradually.
Moreover, a presale limit of $10.3 million incentivizes investors to acquire discounted 99BTC tokens before the price increases. These tokens fuel the Learn-to-Earn platform, where users are rewarded for learning about cryptocurrencies. As funding milestones are achieved, the price of 99BTC gradually increases.
Furthermore, the innovative Learn-to-Earn concept incentivizes users to educate themselves about cryptocurrency, providing benefits to token holders. Also, 99Bitcoins intends to enhance the learning experience by gamifying Bitcoin education. Users who complete challenges and lessons earn higher rankings and $99BTC tokens as rewards.
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— 99Bitcoins (@99BitcoinsHQ) May 3, 2024
Conversely, the project explores the potential effect of Bitcoin halving events and has attracted a broad audience across various platforms. The token distribution allocates 10.5% for presale, 14% for staking rewards, and portions for development, community rewards, liquidity, and marketing.
Subsequently, the token has launched a giveaway on its platform. Participants can win free Bitcoin from a $99,999 BTC prize pool, with over 4,000 entries. Also, token holders participating in the presale can benefit from holding 99Bitcoins tokens.
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3. Jasmy Coin (JASMY)
JasmyLab Inc., the company behind the Layer2 blockchain “JANCTION”, specializing in data utilization, has agreed to a strategic partnership with Chain With Limited. Through this collaboration, users between Japan and Korea can experience new revenue opportunities through numerous applications.
JasmyCoin is attracting significant attention with its steady price climb in April. Positivity from the Bitcoin Halving is a propelling factor as JASMY trades at $0.01845 reflecting a 2.49% increase in the last 24 hours. Meanwhile, investors are bullish on the coin with its Greed score of 78, signaling growing coin transactions.
Moreover, JASMY’s market growth over the past year saw it print a 282% increase, offering gains to early investors. Impressively, it has outperformed 76% of the top 100 assets, including Bitcoin and Ethereum. Jasmy trades 332.26% higher than the 200-day SMA, which is $0.004690.
We are pleased to announce the MOU between #JANCTION and #C2E!
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— JANCTION (@JanctionMGT) May 2, 2024
Meanwhile, it has witnessed 20 green days in the last 30 days, solidified by its high liquidity based on market cap. Given these robust fundamentals, JasmyCoin possesses the potential to achieve increased market growth.
Therefore, analysts predict that if JasmyCoin announces collaborations with other networks, its price could surpass $0.0192 by 2024. In a bullish market scenario, the average price will stabilize around $0.0194 by the same year. However, in a market downturn, the minimum value could plummet to $0.0163 in 2024.
4. Beam (BEAM)
Despite a recent price retraction, Beam has continued its dizzy price movement from April. The token drew significant interest due to its consistent price climb throughout April. The positivity surrounding the Bitcoin-halving event has rubbed off on Beam—the token trades at $0.02271. Beam has seen an increased market activity, evidenced by its 101% volume increase in the last 24 hours.
Furthermore, investors are bullish on Beam, as demonstrated by its Greed score, which is at 78. The token’s increasing trading activities fuel this bullish sentiment. These strong fundamentals suggest a favorable outlook for the token, indicating Beam’s ability to attract ongoing investor interest and achieve substantial market expansion.
Moreover, Beam has exhibited remarkable market growth over the past year, with an impressive 360% increase. Also, it has outperformed 76% of the top 100 cryptocurrencies, including Bitcoin and Ethereum. Beam trades 332.26% higher than the 200-day SMA, which is $0.004690. This strong performance underscores the token’s potential as an investment opportunity in cryptocurrency.
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— Merit Circle (@MeritCircle_IO) May 2, 2024
Meanwhile, analysts predict that if Beam partners with other networks, it could reach $0.1. In a bullish market, the average price could stabilize around $0.08 before May ends. Conversely, in a market downturn, it could nosedive to $0.01.
5. eCash (XEC)
eCash has consistently since its inception, with rising highs and lows. Recently, it broke out of a consolidation phase, reaching a resistance level of $0.0000476. This surge is partly attributed to the momentum gained from its halving event.
Furthermore, the token is trading at $0.00004638 today, reflecting a mild intraday rise of 1.40%. Besides, XEC has sustained an upward movement in the short term. The token is trading at 129.98% above its 200-day Simple Moving Average (SMA) of $0.00003164. YTD, its price has exploded by 74%, outperforming 50% of the top 100 cryptos during this span.
Moreover, a Relative Strength Index (RSI) below 30 indicates oversold conditions. However, there is potential for a forthcoming uptick in price as sentiment analysis suggests a bullish outlook for eCash. This analysis is demonstrated by a Fear & Greed Index reading of 73 (Greed).
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By the end of 2024, analysts project a maximum price target of $0.000217 for eCash. Under stable market conditions, the average trading price of eCash could hover around $0.000159 by the same year.
6. Shiba Inu (SHIB)
Shiba Inu has recently seen a surge in its burn rate, reaching a substantial 172%, correlating with a recovery in its price. The increase in burn rate indicates a significant number of SHIB tokens being permanently removed from circulation and transferred to an inaccessible “dead” wallet.
Information provided by Shibburn X on social media reveals that six transactions have resulted in the burning of 5,221,667 SHIB tokens. The token burn represented a 172.16% increase in the burn rate. This heightened burn rate aligns with SHIB’s resurgence in market value.
Moreover, the recent increase in the token’s price coincides with the announcement of a significant upgrade to Shibarium, the company’s layer-2 blockchain solution. This upgrade introduces a new user interface that offers faster, smoother, and more accessible functionality. These improvements are aimed at enhancing user experience and strengthening SHIB’s position in the market.
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— Shib (@Shibtoken) May 12, 2024
Significantly, SHIB is trading 67.72% above its 200-day Simple Moving Average (SMA), which stands at $0.00001619. Furthermore, it has experienced 19 green days out of the last 30. With a 24-hour volume-to-market cap ratio of 0.0546 and high liquidity, SHIB has demonstrated resilience.
The token has posted remarkable ROI to early investors surging by over 1.8 million percent since its launch. The token trades at $0.00002425, indicating a 7.59% increase in the past 24 hours. Notably, SHIB’s YTD surge stands at 178%.
7. Bonk (BONK)
BONK maintains bullish market sentiment, supported by a Fear & Greed Index reading of 70 (Greed) and 16 positive trading days out of the last 30. These positive metrics reflect optimism among investors. Technical analysis indicates potential for further growth, particularly if leading cryptocurrencies like Bitcoin and Ethereum regain momentum.
Bonk’s 130% price explosion recently demonstrates a notable shift in investor sentiment towards higher-risk assets. This exceptional performance, surpassing meme coins like Dogwifhat and Shiba Inu, indicates growing confidence among investors in the meme sector.
As of the latest trading data, Bonk is priced at $0.00002491 and has experienced an impressive upward movement of over 9% in the past 24 hours. This contributes to an overall positive trend in the market and underscores Bonk’s recent momentum, with a remarkable gain of 50.49% and 6000% over the past thirty days and one year, respectively.
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