5 Best Cheap Cryptocurrencies to Buy Under 1 Dollar December 20 – Movement, Toncoin, Convex Finance

On Dec 20, 2024

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Altcoin investors are optimistic about the upcoming altcoin season. Many anticipate a shift in capital from the Bitcoin ecosystem and potential regulatory improvements to drive altcoin rallies in 2025.

However, the crypto market has faced a bearish trend over the last 24 hours, largely due to hawkish remarks from Federal Reserve Chairman Jerome Powell following a recent FOMC meeting. Despite this, crypto enthusiasts believe the market will endure the negative effects of this news and is expected to recover as it prepares for a potential bull run. In light of this positive outlook, investors are searching for affordable tokens, particularly the best cheap crypto to buy now under 1 dollar.

5 Best Cheap Cryptocurrencies to Buy Under 1 Dollar

Movement (MOVE), the native token of an Ethereum-based layer-2 blockchain, has recently seen a notable price surge, outperforming broader market trends. Toncoin (TON), currently ranked 13th in market capitalization, has experienced fluctuating performance over the past year.

Convex Finance (CVX), ranked 169th by market cap, has recently made significant strides with new developments. Flockerz ($FLOCK), a new ICO, has attracted considerable attention in the cryptocurrency market. Meanwhile, Bitcoin has dropped below $100K following signals from the Federal Reserve indicating fewer rate cuts in 2025.

1. Movement (MOVE)

Movement (MOVE), the native token of the Ethereum-based layer-2 blockchain, has recently outperformed broader market trends, experiencing a sharp price increase. On December 20, MOVE reached an intraday peak of $0.877, with a market capitalization nearing $2 billion. Its price rally was supported by a 63% increase in daily trading volume, surpassing $1.6 billion. Open interest in MOVE futures markets also doubled within a day, rising from $56.03 million to $103.93 million, reflecting heightened interest from traders.

This surge in MOVE’s price appears to stem from its recent partnership with BitGo, a prominent digital asset custody platform. This collaboration facilitates the integration of Wrapped Bitcoin (WBTC) onto the Movement mainnet, enhancing its decentralized finance (DeFi) offerings. With WBTC support, Movement aims to broaden asset utilization, increase liquidity options, and strengthen its appeal within the DeFi ecosystem.

Another catalyst for MOVE’s growth is the recent launch of its mainnet. Movement’s native token, powered by the MoveVM architecture, debuted alongside a substantial $830 million airdrop targeting early adopters and community members. This strategic approach helped drive initial interest and adoption. The token’s listing on major exchanges, including Binance, Coinbase, OKX, and Upbit, has further amplified its visibility and trading activity.

2. Toncoin (TON)

Toncoin (TON), currently ranked 13th in market capitalization, has experienced varied activity over the past year. Its market capitalization is approximately $13.16 billion, with a circulating supply of 2.55 billion tokens. Despite a recent price decline of 7.57% within the last 24 hours to $5.04, its trading volume increased slightly by 1.82% to $568.34 million, highlighting sustained interest among market participants.

The blockchain’s integration with Fordefi introduces enhanced security features for institutional engagement in decentralized finance (DeFi). This development could bolster its adoption among institutional players seeking secure participation in the DeFi space. In parallel, Toncoin has witnessed heightened whale activity, with an 80% increase in large transactions, amounting to 1.68 billion TON being moved, even amidst a broader crypto market downturn and liquidations.

Another key development for Toncoin is the planned launch of the TON Space custodial wallet. This initiative aims to attract 30% of Telegram’s user base to the Toncoin ecosystem by 2028, which could significantly expand Toncoin’s user engagement and utility.

While Toncoin has seen a notable increase in total supply and strong institutional interest, the volatility in its price reflects broader market challenges. The integration efforts and growing whale transactions suggest increased trust and activity, but the long-term success of its initiatives will depend on continued adoption and the stability of the wider crypto market.

3. Convex Finance (CVX)

Convex Finance (CVX), ranked 169th by market capitalization, has recently shown notable developments. Its market cap is approximately $380.9 million, with a total supply nearing 99.81 million tokens. The token is trading at $3.93, showing a significant monthly increase of 62.95%. The price is above its 200-day simple moving average (SMA) of $3.05, trading 29.4% higher, suggesting a strong upward trend.

CVX has demonstrated consistent performance, with 15 out of the last 30 days in the green. Its liquidity appears robust given its market cap, supported by a daily trading volume of $60.93 million, representing a high volume-to-market cap ratio of 16.07%. Convex Finance maintains a substantial total value locked (TVL) of $1.19 billion, providing a market cap-to-TVL ratio of 0.3146, highlighting its strong DeFi footprint.

Looking ahead, price predictions for CVX indicate further growth. By December 2024, analysts forecast a trading range between $3.84 and $5.71, with a potential average price of $4.94, yielding an estimated return on investment (ROI) of 45.23%. 2025 CVX’s trading range could expand to $6.22–$18.18, with an average annual price prediction of $10.44. January 2025 could see the most significant price surge, with gains projected at 362.3%.

4. Stratis [New] (STRAX)

Stratis (STRAX) experienced a significant price increase, marking notable activity in the cryptocurrency market. Over the past day, STRAX’s value rose to $0.07145, reflecting a daily gain of 14.86%. This increase coincides with a surge in trading volume, which jumped by an impressive 1497.58% to $360.73 million. Such activity suggests heightened market interest, potentially driven by underlying developments or broader market movements.

The market capitalization of Stratis currently stands at $143.37 million, mirroring the fully diluted valuation (FDV) of the asset. This equivalence indicates that STRAX has a fixed total supply of 2 billion tokens, with no additional coins expected to be minted. This capped supply may influence investor sentiment, particularly those seeking long-term value stability.

Interestingly, the volume-to-market cap ratio is exceptionally high at 239.95%. This metric implies significant trading activity relative to the asset’s market value. While such a ratio often indicates increased liquidity, it could also suggest speculative trading or short-term volatility.

The off-chain $STRAX token swap window is now open until December 29, 2024. Use the Address Ownership Tool to participate.https://t.co/z8JB9rk9N7
— Stratisplatform (@stratisplatform) December 19, 2024

The chart data further highlights STRAX’s upward momentum, with a sharp rise observed during the early hours of December 20th. This growth phase followed a relatively stable price movement characterized by mild fluctuations. Such trends indicate renewed investor interest after a stagnant phase.

5. Flockerz ($FLOCK)

Flockerz ($FLOCK) is a new ICO that has raised significant attention in the crypto market. With over $7 million raised during its presale, the project is gaining momentum. Flockerz sets itself apart by introducing a Vote-to-Earn system, which allows token holders to influence the project’s direction. This system gives community members control over token burns, airdrops, and marketing strategies. Additionally, token holders are rewarded with $STARS tokens for participating in governance, which may further increase the value of their holdings.

The presale has grown impressive, raising $7.3 million in just a few months. The project has attracted the attention of notable crypto influencers. For example, YouTuber Clay Bro has highlighted the potential for significant returns. At the same time, Clinix Crypto has provided an in-depth analysis, emphasizing the unique features of Flockerz. These endorsements suggest that the project could gain further traction once launched.

💙There are 3 things the flock loves💙
1. Community
2. Voting
3. EARNING 📈📈 pic.twitter.com/76GRTfvrep
— Flockerz (@FlockerzToken) December 18, 2024

The presale process is simple, allowing investors to purchase tokens with ETH, BNB, or even a credit card. The current price of $0.0064781 per token is attractive but is expected to rise as demand increases. Flockerz has also passed audits from SolidProof and Coinsult, ensuring its security and reliability.

Visit Flockerz Presale