The market has yet to see any major price swings as the weekend’s price action continues into the new week. BTC price is stable on the $64,000 boundary. Other cryptocurrencies are moving towards the mid-range, with DeFi assets leading the way.
The best performing cryptocurrencies today have seen exciting gains amid a sideways trend. Therefore, today’s article will take a deep dive into the price action of 5 cheap cryptocurrencies worth buying right now. The focus will be on the price gains and volume profile of each coin over the past 24 hours.
5 Best Cheap Cryptocurrencies to Buy
NULS
Nuls is one of the fastest growing blockchain infrastructures, providing customizable services for creators in the crypto ecosystem. It offers a modular architecture that allows smart contracts to run across blockchain networks. It also features ChainBox, giving users the opportunity to create projects in less time and at a lower cost.
Null is one of the best performing cryptocurrencies today, with a total gain of over 60% in the past 24 hours. The token has seen a surge in demand after Binance announced the launch of its NULSUSDT perpetual contract. Investors holding Nuls in their portfolios have the opportunity to ride the wave and gain higher profits. In addition, Nuls is currently trying other projects to help boost its market value.
In addition to the price increase, Nuls' trading volume also increased today, with an intraday increase of more than 1080%. The launch of the contract has obviously given investors more confidence in Nuls, and the possibility of Nuls prices continuing to rise in the new week is inevitable.
JUP
Jupiter is hailed as the industry's most advanced exchange engine. Exchange aggregation is one of the pillars of DeFi. The nature of its services makes it play a vital role in the field. According to its CoinMarketCap page, JUP is working on bringing more products to the market.
Some of the projects in its product line include limit orders, DCA/TWAP, bridge comparator, and perpetual trading. As a result, we are likely to see an increase in demand for its services. As a result, the JUP token will benefit from the increase in activity.
Currently, Jupiter is trading at $0.8952 with a trading volume of around $96,672,395. Today’s performance helps JUP gain more momentum on its way towards the $1 mark. As the week progresses and investor sentiment improves, JUP has a chance to enter the $1 price range.
ZK
Zksync was one of the most anticipated cryptocurrencies this year. However, the token underperformed upon its launch, causing early investors to lose a significant portion of their profits.
Regardless of the token’s previous performance, the current trend suggests that ZK has a chance to become one of the best performing cryptocurrencies in the coming months. Market data shows that ZK has recovered more than 40% of its lost value and is showing strong strength to maintain its upward trend.
ZK’s current price action has helped it achieve a market cap of over $500 million. The growing performance suggests that investors can expect to see more optimistic gains from the project in the coming days. ZK’s growing use cases is another factor that could lead to future price increases. Regardless, investors should keep ZK on their watchlists and see how the price moves this quarter.
FTM
Fantom is a competitor to platforms like ETH in the smart contract market. The project uses a direct acyclic graph framework, which enables it to run a unique consensus algorithm.
The project is one of the fastest growing smart contracts in the DeFi space and has gained popularity since its inception a few years ago. It uses the FTM token as its native cryptocurrency. The project’s growing influence in the market has made FTM one of the most noteworthy cryptocurrencies.
Its price has increased by more than 10% in the past 24 hours, marking the third increase in the past seven days. If it rises further, the token may rise by $0.5. FTM currently has a market capitalization of $1.3 billion.
There is a high chance that the token will break out of this range in the coming week. One of the major factors driving future gains is the increase in activity in the DeFi space. As prices in the sector rise further, FTM holders will see an improvement in the performance of their portfolio.
However, their investors should keep an eye on the proposed migration to Sonic (S) tokens. The plan is still ongoing. Typically, tokens perform much better in the weeks following a migration. Therefore, this could further boost the upside prospects of FTM tokens.
TLOS
Telos is currently outperforming many major cryptocurrencies with a price increase of more than 50%. It is a zero-knowledge proof technology that provides scalability and data protection for blockchain-based projects. According to its website, it aims to create a network that will power upcoming decentralized applications.
Telos’ foray into the field of artificial intelligence could be the reason behind its current price trend. The platform’s official Twitter account hinted at exploring the possibility of using ZK technology in the field of artificial intelligence. It specifically targets financial markets where privacy is of paramount importance.
Other factors influencing Telos’ price increase could be related to recent listings and partnerships. Another post on the TLOS Twitter revealed that the company was recently listed on the KoinBX exchange. There are signs that more exchanges are coming soon. With these, the token’s trading volume (which is up more than 50% today) will increase further.
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