Best Cryptocurrencies Under $1 to Buy As the Crypto Market Evolves

Table of Contents

• Ride The Wave Of Innovation With ScapesMania
• Cardano (ADA): Whale Accumulation and Recovery Potential
• Sei (SEI): Surging in the Crypto Trading Arena
• Blur (BLUR): NFT Marketplace's Token Dynamics
• Mantle (MNT): Achieving New Heights
• Bonk (BONK): Memecoin's Market Resilience
• Conclusion

In 2024, the crypto market is shaped by several key trends identified by Binance. In the run-up of its halving event, Bitcoin remains a dominant force due to its new developments like Ordinals and BRC-20 tokens. The blockchain-based ownership economy keeps rising, which is particularly seen in decentralized social media and network infrastructure. Another notable trend is the integration of cryptocurrency with AI tools like ChatGPT which enhances trade automation, analytics, and data management. 

The tokenization of Real-World Assets (RWAs) is transforming blockchain utility, attracting more investors and boosting institutional adoption. Security stays an impornat issue, with strides being made in reducing DeFi exploits, and account abstraction is making blockchain more accessible and user-friendly with the advent of smart contract wallets.

Amid these trends, cryptocurrencies like Cardano (ADA), Sei (SEI), Blur (BLUR), Mantle (MNT) and Bonk (BONK) are highlighted as the best cryptos under to buy now, reflecting their potential for growth in line with the evolving crypto landscape.

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Backed by an award-winning developer crew, ScapesMania stands for transparency. The project can achieve this not just by bringing big innovation to the game, but by putting its community front and center. Driving customer engagement and making sure that everyone benefits through great tokenomics and generous rewards is what makes ScapesMania the project with a bright future ahead.

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Cardano (ADA): Whale Accumulation and Recovery Potential

Cardano (ADA) has experienced a 17.6% decline in the past month but remains above the critical support level of $0.46. Despite this, Cardano (ADA) whales have shown resilience by accumulating $85 million worth of assets in the last four weeks. This is a positive sign, indicating large wallet holders’ confidence in the potential recovery of Cardano's (ADA) price.

The price of Cardano (ADA) is currently fluctuating within the range of $0.418 to $0.724. The 10-day Moving Average is at $0.536, while the 100-Day Moving Average is at $0.44. Cardano (ADA) has established support at the $0.243 level and faces resistance at $0.854 and $1.16.

If Cardano (ADA) manages to maintain its momentum above the $0.51 support line, it could reinitiate an attempt to reach the target rally of $0.68. The involvement of Cardano (ADA) whales and the current Market Value to Realized Value (MVRV) ratio, signaling potential bullishness, could play a crucial role in this rally. However, if bearish trends dominate, Cardano (ADA) could fall to the $0.43 stop loss level, invalidating the bullish thesis.

Sei (SEI): Surging in the Crypto Trading Arena

Sei (SEI) has seen a remarkable surge of over 1,500% since its debut in August 2023, positioning it among the top 50 largest cryptocurrencies by market capitalization. Sei (SEI) is a specific layer-1 (L1) blockchain designed for crypto trading, having unique features like an order-matching engine and frontrunning protection. Sei’s (SEI) transactional finality, that is faster than that of rivals like Ethereum and Solana, makes it a strong contender in the blockchain sector.

Sei (SEI) price is moving within a range of $0.582 to $0.808. The 10-day Moving Average for the token is noted at $0.758, while the 100-day Moving Average is hovering at $0.729. It has support levels at $0.244 and $0.471, with resistance levels looming at $0.924 and $1.15.

The surge in Sei’s (SEI) price, that reached an all-time high of .06, can be attributed to factors like its v2 upgrade introducing Ethereum virtual machine (EVM) smart contract support and increased demand from meme coin-related trading activities. Sei’s (SEI) potential to challenge centralized exchanges (CEXs) and investor speculation regarding promising crypto projects could further propel its growth, however, the market's evolving nature and competition from other L1s could impact its trajectory.

Blur (BLUR): NFT Marketplace's Token Dynamics

Blur (BLUR), a professional-focused NFT marketplace, has recently unlocked almost 50 million tokens totaling $32.29 million. This accompanies a surge in NFT trading, with Blur (BLUR) accounting for a significant portion of all the NFT trading volume. The marketplace founded in 2022 targets professional content creators and has shown remarkable resilience in the face of market fluctuations.

Blur's (BLUR) price range is between $0.405 and $0.671. The 10-day Moving Average for Blur (BLUR) is at $0.66 and the 100-day Moving Average hangs at $0.551. Altcoin has a support level at $0.262 and faces resistance at $0.794 and $1.059.

If Blur's (BLUR) breakout continues, it could increase by 85% to the next resistance at $1.25. However, a close below $0.55 would invalidate this bullish prediction, potentially leading to a 55% fall to the closest support at $0.3. The future of Blur (BLUR) will depend on the continued interest in NFTs and the performance of its marketplace in the competitive NFT sector.

Mantle (MNT): Achieving New Heights

Mantle (MNT) has seen rapid growth since October 2023, reaching a new all-time high price yesterday. The upward movement has been consistent, with Mantle (MNT) breaking out from its previous all-time high region of $0.53 in December and continuing its ascent.

Mantle's (MNT) price is oscillating between $0.569 and $0.84. The 10-day Moving Average is positioned at $0.696, with the 100-Day Moving Average chilling at $0.682. Mantle (MNT) has support levels at $0.166 and $0.438 and encounters resistance at $0.981 and $1.252.

Technical analysis suggests that Mantle's (MNT) price will keep increasing, potentially reaching a high of $0.93 or even $1.14 – an increase of 44% from the current price. However, falling below the wave two low of $0.58 would invalidate this bullish prediction, leading to a potential 40% decline to the next closest support at $0.45. Mantle's (MNT) future will depend on its ability to sustain its bullish momentum and the overall market conditions.

Bonk (BONK): Memecoin's Market Resilience

Bonk (BONK), a Solana-based memecoin, has shown a remarkable recovery from its support level, scoring a 92% growth earlier this week. The development of a bullish reversal pattern called an inverted head and shoulders on the 4-hour chart indicates potential for further growth.

Bonk's (BONK) price ranges between $0.0000097 and $0.0000183. The 10-day Moving Average stands at $0.0000124 and the 100-day Moving Average is at $0.000013. Bonk (BONK) has identified a support level at $0.0000052 and eyes resistance at $0.0000224 and $0.000031.

If Bonk (BONK) maintains its current recovery trajectory, it could see significant growth. However, a breach below the $0.000013 support level could lead to a 30% decline in its value. Bonk's (BONK) future will be influenced by market sentiment, particularly in the meme coin sector, and its ability to sustain bullish momentum amidst market fluctuations.

Conclusion

In 2024, the crypto market is evolving with key trends like Bitcoin's dominance, the rise of the ownership economy, AI integration, and the tokenization of Real-World Assets (RWAs) – these developments are reshaping the landscape, enhancing trade automation, analytics, and security. Amidst these trends, cryptocurrencies like Cardano (ADA), Sei (SEI), Blur (BLUR), Mantle (MNT) and Bonk (BONK) emerge as promising investments under $1, reflecting growth potential in this dynamic market. Cardano (ADA) shows resilience and recovery potential, Sei (SEI) surges in the crypto trading arena, Blur (BLUR) thrives in the NFT marketplace, Mantle (MNT) achieves new heights, and Bonk (BONK) demonstrates market resilience as a meme coin.

Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.