Crypto

3 cryptocurrencies to buy under $1 next week | Finbold

Published

6 months ago

October 28, 2023

3 cryptocurrencies to buy under $1 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.

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.

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.

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.

Crypto

Why Self-Custody Is Vital for Bitcoin Security- Casa CEO Nick Neuman – Interview Bitcoin News

Published

3 hours ago

May 6, 2024

Press Room

Why Self-Custody Is Vital for Bitcoin Security- Casa CEO Nick Neuman – Interview Bitcoin News

Casa helps people store bitcoin and other digital assets by empowering them to own, secure, and manage their private keys safely and easily. Founded in 2016, the company helps its members take self-custody of their assets with multi-key vaults for greater protection against single points of failure, such as hacks, theft, and accidents. Nick Neuman […]

Crypto

Russia's Crypto Clampdown: Tight Regulations Aim to Curb Cryptocurrency Activities – TokenPost

Published

10 hours ago

May 6, 2024

Press Room

Russia's Crypto Clampdown: Tight Regulations Aim to Curb Cryptocurrency Activities – TokenPost

Russia is poised to enact stringent regulations on cryptocurrency trading, aiming to curb the mass trade of digital assets like Bitcoin within its borders. This move, driven by geopolitical tensions and sanctions, signals a significant shift in the country’s approach to digital finance.

Russia’s Cryptocurrency Policy Shift: Centralized Control and Regulatory Uncertainties

In a recent report by CryptoPotato, the government’s decision to control the bitcoin industry is a significant step. Only miners and projects sanctioned by the Central Bank will be permitted to operate. Importantly, any creation of cryptocurrency exchanges and over-the-counter (OTC) services outside the experimental legislative framework will be deemed illegal.

Anton Gorelkin, Chairman of the State Duma Committee on the Financial Market, has clarified that he does not support a complete ban on bitcoin circulation in Russia.

In a Telegram post, he clarified that the restriction is not intended to prohibit all Bitcoin use but rather to govern the formation of cryptocurrency exchange platforms within Russia’s legal framework.

Gorelkin further claims that geopolitical circumstances, including considerations of international relations impact the establishment of a legitimate Russian crypto infrastructure. He said that allowing such infrastructure would expose Russian enterprises to Western sanctions.

Gorelkin further stated that the limitation may be lifted and that customers can continue to use foreign crypto exchanges and OTC services as previously. However, the impact on several OTC crypto services in Moscow remains undetermined.

Anatoly Aksakov’s Agenda: Bolstering Ruble with Stricter Cryptocurrency Regulations

Gorelkin’s latest article needs to clarify Anatoly Aksakov, Chairman of the State Duma Committee on the Financial Market, who stated that the controversial measure aims to limit non-Russian cryptocurrency operations to reinforce the ruble’s dominance.

Aksakov stated that the law would provide exemptions for crypto miners and Central Bank-backed pilot projects under a trial legal framework, citing that crypto mining contributes significantly to Russia’s tax revenue.

Meanwhile, Russia’s Finance Minister, Anton Siluanov, has urged for a more balanced approach, arguing for regulation permitting the use of cryptocurrencies in local and foreign transactions.

Photo: Microsoft Bing

TokenPost | [email protected]

Crypto

May 2024’s Essential Cryptocurrency Picks: Investors Buzzing Over BlockDAG X1 Mobile Mining App Amid Forecasts for Ondo, Optimism, and Aptos – NullTX

Published

17 hours ago

May 5, 2024

Press Room

May 2024’s Essential Cryptocurrency Picks: Investors Buzzing Over BlockDAG X1 Mobile Mining App Amid Forecasts for Ondo, Optimism, and Aptos – NullTX

Investors are keenly looking for the next ample opportunity as the cryptocurrency market witnesses a surge in 2024. Amongst the frontrunners, BlockDAG steals the spotlight with its innovative mining technology, outpacing other popular options like Ondo, Optimism (OP), and Aptos. BlockDAG’s user-oriented mining solutions have positioned it as a top choice in May 2024’s cryptocurrency forecasts. The anticipation builds around the upcoming June 1 launch of BlockDAG’s X1 Mobile Mining beta app.

1. BlockDAG: Pioneering Simplified Mining Solutions

BlockDAG is reshaping the crypto-mining landscape with its easy-to-use mining options and robust technological backbone. The X1 mobile mining app from BlockDAG allows individuals to mine up to 20 BDAG coins daily using just their smartphones, offering a perfect start for novices and a convenient tool for tech enthusiasts. Moreover, BlockDAG’s range of home mining devices, including the X10, X30, and X100 miners, provides various power levels and efficiency, catering to different mining scales. These devices are built with advanced ASIC technology to ensure high performance and profitability.

This approach simplifies the mining process and focuses on energy efficiency and accessibility, promoting a more inclusive cryptocurrency environment. With impressive sales of over 5200 miners and revenues nearing $2.5 million, BlockDAG is committed to making crypto mining accessible and lucrative. The forthcoming release of the BlockDAG X1 Mobile Mining app is set to enhance its market presence further.

Ondo’s value has soared by 2846.67% in the past six months, bolstered by a recent 7.44% weekly gain. With its price currently oscillating between $0.64 and $1.03, Ondo is on a trajectory towards potentially hitting $1.24 and possibly $1.63. While the outlook is promising, market shifts could temper this ascent, and investors are advised to remain vigilant. Nonetheless, Ondo is attractive for those looking to leverage its bullish trend.
Advertisement

3. Aptos: Experiencing Fluctuations with Growth Potential

Aptos has shown a 7% increase in the last week, despite a 40% fall over the previous month. Prices fluctuating between $8.97 and $10.65 suggest a possible climb to $11.31 or even $12.99 if the upward trend continues. However, the medium-term downturn poses risks, demanding cautious investment strategies. Aptos presents a compelling choice for those prepared to manage its price volatility.

4. Optimism (OP): Facing Challenges with Promising Growth

Optimism has demonstrated volatile yet promising market dynamics, with a 14% rise over the last week counterbalanced by a 31% decrease in the past month. Prices ranging from $2.14 to $2.64 indicate potential recovery targets at $2.83 and $3.33. Despite mixed market signals, OP’s resilience suggests it might be poised for near-term recovery and growth.

BlockDAG: Leading May 2024’s Crypto Innovations

While Ondo, Optimism, and Aptos offer notable opportunities, BlockDAG emerges as the clear leader in the May 2024 cryptocurrency market. Its groundbreaking technology of the X1 app and comprehensive product suite equip new and experienced investors with the tools to succeed in the evolving digital currency arena. BlockDAG not only leads the top four expert crypto picks but also sets a high standard for innovation and profitability in the crypto industry.

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.