Ravencoin is Budget-friendly Affordable Crypto December 2023 | Top 8 Crypto Under $1

5 min read

  • The beginning of December 2023 highlights eight promising cryptocurrencies under $1, including Bitcoin at $37,732, indicating growing market diversity and investment opportunities.
  • Several coins currently under $1 are showing promise of significant upward price movement. Floki Inu (FLOKI) and Bitcoin Minetrix (BTCMTX) show significant market growth, with FLOKI’s Total Value Locked surpassing $100 million and BTCMTX’s unique staking concept attracting substantial interest.
  • With a greater than 10% price performance increase since the end of November, Ravencoin (RVN) demonstrates stable performance, maintaining value above its 200-day moving average, with a bullish market sentiment and a significant position in the Proof-of-Work and Layer 1 sectors. 
Image from The Economic Times

By: Michael Abetz

Offering budget-conscious opportunities, November 28 showcases eight cryptocurrencies under $1, providing investors with potential growth prospects and diversification strategies.

Bitcoin is valued at $37,206 per unit, showcasing a 0.64% gain in the last 24 hours. Meanwhile, Bitcoin’s dominance, representing its share in the overall market, experienced a 0.14% increase, presently standing at 51.17%.

These figures illustrate the current trends within the cryptocurrency sphere, where Bitcoin’s performance is a notable benchmark within this evolving market. The incremental fluctuations in market cap, trading volume, and Bitcoin’s value contribute to the ongoing dynamics of this digital asset landscape.

1. Floki Inu (FLOKI)

The FlokiFi Locker, associated with the Floki ecosystem, has achieved a Total Value Locked (TVL) milestone of $108 million. This indicates a substantial uptake of Floki’s utility within the crypto sphere. Moreover, it marks the first instance of the protocol’s TVL exceeding $100 million, showcasing a level of trust from the industry participants.

FLOKI Price Chart

Key metrics showcase Floki Inu’s trajectory within the market: a 243% price increase over the past year. Plus, it outperformed 91% of the top 100 crypto assets within the same period, exhibiting a trading position above the 200-day simple moving average. The token is actively traded on Binance, indicating substantial liquidity based on its market cap.

The sentiment surrounding Floki Inu’s price prediction leans bearish, while the Fear & Greed Index indicates a score of 68 (Greed). Floki Inu’s circulating supply currently stands at 9.50 trillion FLOKI out of a maximum supply of 20.00 trillion FLOKI. With a yearly supply inflation rate of 3.99%, approximately 365.05 billion FLOKI were minted in the past year. 

2. Bitcoin Minetrix (BTCMTX)

Bitcoin Minetrix introduces a unique concept wherein users stake BTCMTX tokens to earn cloud mining credits, aiming to decentralize control and ensure a secure mining experience for token holders. The project has gained significant attention, with over 400,000 BTCMTX tokens currently locked in staking.

Reportedly, Bitcoin Minetrix promises an annual percentage yield (APY) of 103,225%. This high APY has attracted numerous participants to the staking pool, positioning it among cryptocurrencies. Notably, the project’s success is evident in its ongoing BTCMTX presale. As such, it has raised over $4,496,314 by selling tokens at $0.011 per token.

During the presale phase, 70% of the total token supply (2.8 billion out of 4 billion BTCMTX) is available for acquisition using ETH or USDT. This phase has been instrumental in gathering interest from prospective investors. 

3. XRP (XRP)

The XRP cryptocurrency has witnessed a noteworthy surge in its price, escalating by 60% over the past year. This surge has placed it ahead of 68% of the top 100 crypto assets in terms of performance within the same timeframe. 

XRP Price Chart

Moreover, trading activity indicates a consistent upward trend, notably above the 200-day simple moving average. Over the last 30 days, it has experienced 18 positive trading days, constituting 60% of the period and showcasing a relatively favorable trajectory.

The sentiment regarding XRP’s price prediction remains neutral, while the Fear & Greed Index registers 68, signifying a state of “Greed” among investors. In terms of its circulating supply, XRP presently has 53.82 billion XRP out of a maximum supply of 100 billion XRP.

4. Siacoin (SC)

Siacoin (SC) has shown significant upward price movement over the past year, marking a 76% increase. This performance placed it ahead of 72% of the top 100 crypto assets during the same period. Currently trading above its 200-day simple moving average, the asset has experienced positive traction. This traction is evidenced by 19 green days in the last 30, constituting 63% of the observed period. 

Looking ahead, various forecasts project Siacoin’s potential growth. Predictions suggest that under a market recovery scenario, the maximum anticipated price for Siacoin could hover around $0.0076. However, more conservatively, the average projected price for 2023 is estimated at $0.0067. In the event of a bear, the projected minimum price for Siacoin by 2023 is anticipated to be $0.0058.

SC Price Chart

5. Blur (BLUR)

Blur has been trading above its 200-day simple moving average, marking a positive trend. It has experienced 20 green days within 30 days, accounting for a 67% positive trading trend. 

BLUR Price Chart

The coin also maintains high liquidity, evidenced by its market cap. Currently, the sentiment regarding Blur’s price prediction is neutral, aligning with a Fear & Greed Index of 68, indicating a state of greed among traders. 

Regarding supply, Blur has a circulating supply of 390.26 million BLUR out of a maximum supply of 3.00 billion BLUR. Notably, it holds the sixth position in the Meme Coins sector based on its market cap.

6. Astar (ASTR)

Astar has displayed signs of recovery and potential upward movement, indicating a bullish trend in its price charts. Observations suggest a recent surge in buying activity. This surge kicked in when the price breached the $0.6000 mark at the start of November, accompanied by high buying volumes. This breakthrough triggered a notable rally, resulting in a 45% increase in value over seven trading sessions, reaching a peak of $0.0874.

ASTR Price Chart

Following this upswing, there was a subsequent minor pullback. Therefore, this led to a retracement of the price towards the 50-day Exponential Moving Average (EMA). During this retracement, buyers demonstrated active engagement, providing support near the 50-day EMA, which has emerged as a significant level for bullish momentum.

Presently, the Astar price is maintaining levels above the 50-day and 200-day EMAs, signaling an ongoing upward trend in the market. This sustained position above these moving averages suggests a potential challenge for sellers attempting to drive the price downward.

7. Meme Kombat (MK)

Meme Kombat has emerged as a significant player in today’s cryptocurrency landscape, registering notable gains and drawing attention within the market. The project has successfully raised $2,204,489 out of its targeted $2,500,000 in the current presale phase, indicating early investor interest. 

One distinguishing factor is its focus on an innovative gaming platform tailored for enthusiasts. Furthermore, a notable aspect of Meme Kombat is its fusion of staking and betting functionalities, providing users with varied avenues to engage with the platform and earn rewards. 

The ongoing presale offers 50% of the MK token supply at $1.667 per token, with a hard cap set at $10 million. This combination of staking and betting mechanisms is designed to enhance the utility of MK tokens for users.

8. Ravencoin (RVN)

Ravencoin, valued at $0.018661, has exhibited stable performance, trading above its 200-day simple moving average. Over the last 30 days, it has experienced 16 positive trading sessions, representing 53% of its recent activity. 

Market sentiment leans bullish for Ravencoin, and the Fear & Greed Index registers at 68, indicating a state of greed among investors. In terms of its tokenomics, Ravencoin boasts a circulating supply of 13.24 billion RVN out of a maximum supply of 21.00 billion RVN. 

RVN Price Chart

The yearly supply inflation rate stands at 11.02%, equating to the creation of 1.31 billion RVN last year. Ravencoin holds the 10th position in the Proof-of-Work Coins sector and ranks 58th in the Layer 1 sector based on its market cap. RVN has experienced a greater than 10% price performance increase since the end of November.

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Disclaimer: The information provided on this page does not constitute investment advice, financial advice, trading advice, or any other sort of advice and it should not be treated as such. This content is the opinion of a third party and this site does not recommend that any specific cryptocurrency should be bought, sold, or held, or that any crypto investment should be made. The Crypto market is high risk, with high-risk and unproven projects. Readers should do their own research and consult a professional financial advisor before making any investment decisions.