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3 cryptocurrencies to buy under $1 next week | Finbold

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3 cryptocurrencies to buy under  next week | Finbold

The cryptocurrency market is a realm teeming with opportunities. Although the limelight frequently falls on prominent cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH), there exists a trove of hidden gems trading below the $1 mark.

These lesser-known altcoins, despite their modest valuation, harbor considerable growth potential. However, it’s imperative to recognize that an elevated level of risk accompanies them. For investors who possess a higher risk tolerance, allocating a portion of their investment capital, ranging from 10% to 20%, into these altcoins can provide a tantalizing chance to diversify their portfolio and position themselves for substantial gains in the forthcoming bull market.

IMX

Immutable X (IMX) is a blockchain technology company with a focus on shaping the future of Web3 Gaming. The company has rapidly evolved into a prominent player in the blockchain gaming sector, fostering an ever-expanding ecosystem of over 20 games, including renowned titles like Gods Unchained, Ember Sword, and Guild of Guardians.

It presents a medium-to-high risk investment opportunity, with a current price of $0.65.

(IMX last 7 days performance. Source: Finbold.com)

Immutable X has also formed strategic partnerships with Polygon and zkEVM to create Immutable ZK EVM, a blockchain specifically designed for gaming. It enables transactions at a significantly lower cost, just a few cents, in contrast to Ethereum’s $10+ transaction fees, offering improved security as well. Additionally, they have introduced the Immutable Passport, a noncustodial wallet tailored for gamers.

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The Immutable X token was introduced in 2021, reaching a peak value of $9. Given its current utility and the substantial progress made by the team since its launch. The potential to reach $5 in the next bull market is offering a possible return on investment (ROI) exceeding 900%. 

Despite the associated risks, IMX remains a top choice for cryptocurrency investors looking to position themselves before the next bull market. It’s widely available on major cryptocurrency exchanges, boasting healthy daily trading volumes and a compelling use case.

Arbitrum 

In 2023, the cryptocurrency community was abuzz with excitement surrounding the launch of the Arbitrum token (ARB), an event highly anticipated by crypto enthusiasts. The token launch didn’t disappoint, as it came with a massive airdrop, offering participants the opportunity to secure up to 12,000 tokens, equivalent to over $10,000.

Since its launch date, ARB coin has shown extensive growth in the crypto market and became the top 100 crypto project shortly after its launch. According to some reports, Ethereum whales dumped billions of dollars of investments in ARB tokens after the launch, and it pushed the price.  

ABR prices rallied to an all-time high (ATH) of $11.80 in March 2023. However, since then Arbitrum Coin has been showing a bearish performance.

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Arbitrum’s appeal lies in its position as the leading Layer 2 (L2) Ethereum Virtual Machine (EVM) chain. It’s an Ethereum layer-two (L2) scaling solution. The goal of Arbitrum is to improve the speed, scalability, and cost-efficiency of the Ethereum blockchain solution. 

Arbitrum benefits from the security and compatibility of Ethereum and offers lower fees compared to Ethereum. The Arbitrum developers announced establishing themselves as a decentralized autonomous organization (DAO): the Arbitrum DAO.

(ARB last 7 days performance. Source: TradingView)

The substantial support from major cryptocurrency exchanges further propelled Arbitrum’s rise, quickly establishing it as the second most widely used blockchain network in the crypto space. However, after its initial success, a discordant note emerged when developers expressed an interest in utilizing a significant portion of the project’s funds, a proposal that was met with opposition from the community.

Regrettably, the developers chose to proceed with their plans, disregarding the community’s vote and characterizing it as a mere ‘poll to gauge community sentiment.’ This decision led to a division, causing Arbitrum, once the second most used blockchain network and its associated token to lose favor within the community.

Arbitrum blockchain is rapid and user-friendly, but an investment in ARB is now considered a high-risk high-reward due to the controversy surrounding the vote and the perceived disrespect toward the community.

XRP

XRP, ranked fifth by market capitalization and is currently priced at $0.54, has been a prominent player in the cryptocurrency market for over a decade. Created by Ripple Labs, it aims to revolutionize global money transfers and provide an efficient alternative to the Society for Worldwide Interbank Financial Telecommunication (SWIFT) system, offering faster, cost-effective international transactions.

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In a year marked by considerable volatility in the cryptocurrency markets, XRP has demonstrated resilience and delivered notable returns for investors. Over the past 12 months, the token has experienced a remarkable surge of 24%. This commendable performance means it has outperformed 76% of the top 100 cryptocurrencies.

(XRP last 7 days performance. Source: Finbold.com)

The history of XRP’s price has seen remarkable highs, steep falls, and periods of steady decline. It surged in 2018 with Ripple’s xRapid product but later suffered a significant drop. In 2021, XRP provided substantial returns, followed by a steady decline, and the legal battles with the SEC have impacted its price.

The recent partial victories in legal disputes boosted XRP’s price. The future in 2023 remains uncertain, hinging on the final resolution of the SEC case, which won’t be a simple process, according to lawyer Bill Morgan. The bullish case anticipates favorable legal outcomes, and a positive market environment could raise XRP’s price. Conversely, a drop in interest after legal resolutions or broader market sell-offs could lead to price declines.


Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

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Crypto

Experts celebrate promising new breed of cryptocurrency: 'Not only promises efficiency …'

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Experts celebrate promising new breed of cryptocurrency: 'Not only promises efficiency …'

An up-and-coming player in the world of cryptocurrency is looking to revolutionize the industry through its unique processes that highlight sustainability.

According to Be3, cryptocurrency XRP, developed by Ripple Labs, could have a “transformative impact on both finance and environmental sustainability” thanks to its unique consensus mechanism that does not require mining and uses a negligible amount of energy even as it scales.

It generates a minuscule amount of pollutants per transaction while producing 1,110 pounds of electronic waste and impacting just over 8 cubic miles of natural resources.

This approach separates XRP from its contemporaries, which often rely on the notoriously power-hungry proof-of-work systems and hulking mining centers that can destabilize the grid.

Statistics provided by TRG Datacenters show that XRP is the second-most eco-friendly cryptocurrency behind IOTA, consuming just 0.0079 kilowatt-hours per transaction. Comparatively, bitcoin ranks last at a staggering 707 KWh per transaction.

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Furthermore, the cryptocurrency became the first major global blockchain to achieve carbon net zero by purchasing enough renewable energy to offset its minimal energy requirements, per the XRP Ledger.

Be3 also noted other features that make XRP an attractive option for institutions focused on environmental responsibility, as it takes just three to five seconds to settle at fractions of a cent per transaction.

It’s a welcome addition to a sector that desperately needs more sustainable options. A study by the International Monetary Fund found that crypto mines, in conjunction with artificial intelligence data centers, accounted for 2% of global electricity demand and 1% of carbon dioxide pollution in 2022.

The United Nations found that the bitcoin mining network used 173.42 terawatt-hours of electricity between 2020 and 2021, resulting in a carbon footprint equivalent to burning 84 billion pounds of coal. 

Coal and natural gas also supplied 66% of the energy for mining operations during this period, polluting the planet with planet-warming gases.

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Luckily, the sector has made significant strides in recent times in an effort to become more eco-friendly. 

Alephium, which utilizes a proof-of-work blockchain, has partnered with Gigatons to implement a proof-of-less-work consensus that is significantly more energy efficient. 

Meanwhile, Ethereum has transitioned to a proof-of-stake system that has cut its energy consumption by nearly 100%.

“In a world increasingly attentive to environmental impact, XRP’s innovative technology not only promises efficiency but also a greener future,” Be3 wrote.

Join our free newsletter for good news and useful tips, and don’t miss this cool list of easy ways to help yourself while helping the planet.

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ZIUM Launches to Revolutionize Instagram and Cryptocurrency Solutions

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ZIUM Launches to Revolutionize Instagram and Cryptocurrency Solutions

Zagreb, Croatia–(Newsfile Corp. – January 12, 2025) – ZIUM, a cutting-edge agency founded to tackle some of the most pressing challenges in social media and digital marketing, is now officially open for business. Specializing in Instagram username claims, account unbans, and cryptocurrency marketing, ZIUM has positioned itself as a trusted partner for individuals and businesses seeking innovative solutions in the digital age.

The agency operates at the intersection of technology, social media, and blockchain marketing, empowering clients to unlock their full potential online. With a dedicated team of experts and a results-driven approach, ZIUM is redefining the way people navigate the ever-changing online landscape.


ZIUM

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A New Era of Digital Problem Solving
ZIUM’s services address real-world challenges in today’s digital ecosystem. Instagram, one of the largest and most influential social platforms, has become a critical tool for personal branding, business promotion, and community engagement. However, issues such as unavailable usernames or unfair account suspensions can hinder growth and cause frustration. ZIUM steps in to provide solutions that are fast, efficient, and tailored to each client’s needs.

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Additionally, ZIUM excels in cryptocurrency marketing, offering projects and startups a strategic edge in the fast-paced blockchain industry. By combining deep knowledge of crypto trends with cutting-edge marketing strategies, the agency helps blockchain projects stand out in an increasingly crowded market.

Core Services Offered by ZIUM

  1. Instagram Username Claims
    In the crowded social media space, having the perfect Instagram username can make all the difference. Whether it’s for a brand, influencer, or business, ZIUM specializes in acquiring sought-after usernames to align with clients’ goals and identities. The agency handles the process from start to finish, ensuring a smooth and hassle-free experience.

  2. Instagram Account Unbans
    Account suspensions on Instagram can be devastating, especially for businesses and influencers relying on the platform for engagement and revenue. ZIUM offers expert account recovery services, helping clients navigate Instagram’s policies to regain access to their accounts quickly and effectively.

  3. Cryptocurrency Marketing
    The cryptocurrency space is highly competitive, and visibility is key. ZIUM provides end-to-end marketing strategies tailored to blockchain projects, ensuring they reach the right audience. From brand development to targeted campaigns, ZIUM helps crypto ventures grow and thrive in an ever-evolving market.

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Crypto

Donald Trump Embraces Meme Coins—A Presidential First

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Donald Trump Embraces Meme Coins—A Presidential First

Donald Trump is making news once more, but this time it’s not for political reasons; it’s about cryptocurrency. As he prepares to return as the 47th President of the United States, Trump will become the first sitting president to own meme currencies, a decision that has stirred both enthusiasm and skepticism in the crypto community.

Trump: A Significant Crypto Portfolio

Recent sources claim that Trump’s crypto wallet consists largely of meme coins and is valued roughly $8 million. Among the assets are $1.5 million in a meme currency with Trump-themed design and $5.5 million in TROG tokens.

In addition, he has about 1.3 billion GUA coins, which amounts to nearly $400,000, and $167,000 in TRUMPIUS tokens. This is a first of its kind, where Trump becomes an oddity in the world of politics and cryptocurrency, considering his earlier reluctance towards digital assets.

From Skepticism To Support

Trump’s journey into the crypto world is notable. He had been a strong critic of Bitcoin and other cryptocurrencies, calling them scams. But that all changed in 2024 when he started publicly endorsing Bitcoin and speaking out for the right to own it. That’s a broader trend among politicians, who are increasingly recognizing the potential of cryptocurrencies and their growing popularity among voters.

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Trump’s financial success in the digital sphere was also aided by his venture into non-fungible tokens (NFTs) on Ethereum. Trump reportedly made a good living from these endeavors, and he currently owns roughly 496.77 ETH, which is worth about $1.6 million.

BTC is currently trading at $94,144. Chart: TradingView

Implications For Regulation

Many people are eager to see how Trump’s administration will regulate cryptocurrencies now that he is back in office. A possible change toward a more advantageous regulatory climate for digital assets is hinted at by the nomination of important individuals like David Sacks as “Crypto Czar” and Paul Atkins as SEC chair. This could result in more precise rules for investors and businesses involved in the cryptocurrency industry.

Trump

Donald Trump. Image: Ronda Churchill/Reuters

The policies by Trump are already changing market dynamics as everybody is anxiously awaiting them. During this time when Bitcoin hit a record high of $108k, while meme coins surged, analysts still feel that Trump could make the year 2025 a major turning point in cryptocurrencies.

Meme Coin Boom

The rise of Trump-owned meme coins is indicative of a broader cultural shift among younger investors who are fed up with established financial institutions. This combination of the political influence of Trump and the speculative nature of meme coins puts a scenario under which political events could significantly affect cryptocurrency markets. Thus, while the investors go about this, they are not ignorant of the volatility that is usually associated with meme coins.

Featured image from Fortanix, chart from TradingView

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