4 Best Cheap Cryptocurrencies to Invest in – ENA, MINA, CHZ, and FTM

The cryptocurrency market is showing new strength, leading to a significant improvement in the performance of various altcoins. In the past 24 hours, several altcoins have experienced substantial increases. Aptos (APT) has risen by 17.2%, while Sui (SUI) has increased by 8.6%, indicating a shift in market sentiment towards the altcoin market. The altcoin season index is also exhibiting a potential bullish trend, which has not been seen in over three years. Welcome to the discussion group→→VX: ZLH1156 4 Best Low-Cost Cryptocurrencies to Invest In 1. ENA The native cryptocurrency ENA and stablecoin USDe of the Ethereum-based decentralized finance (DeFi) project Ethena have both experienced significant growth. Recently, the price of ENA has risen by 25%, reaching $0.35, with a market capitalization exceeding $9.2 billion. ENA's daily trading volume has surged by 180%, reaching $233 million. An important development for Ethena is its stablecoin USDe, which has quickly gained popularity and reached a market capitalization of $3 billion. This growth has made USDe a competitor to the widely-used Tether stablecoin. USDe also benefits from its yield premium, with its yield being 5-8% higher than the Federal Reserve's lending rate, making it attractive for those seeking higher returns. With the recent rate cuts, this gap may widen, further enhancing the appeal of USDe. The potential launch of another stablecoin, UStb, may further support the growth of USDe. The significant increase in the value of ENA, with a 60% rise in the past month, indicates a market recovery and growing interest in the project. In summary, Ethena's USDe stablecoin stands out due to its secure structure and competitive yields, allowing it to challenge established players like Tether. Its rapid expansion suggests it may become a significant force in the stablecoin market. 2. MINA The current price of the Mina Protocol is $0.558, with a 5.05% increase in the past 24 hours. Over the past year, its value has risen by 55%, demonstrating significant growth. Furthermore, in the past 30 days, Mina has experienced 18 "green days," meaning that 60% of the time, the daily closing price was higher than the daily opening price. This indicates a sustained upward trend, which may attract investors seeking short-term trends. Additionally, the Mina Protocol benefits from the high liquidity of its market capitalization. This generally makes the buying and selling of the asset easier without causing significant price fluctuations, enhancing its appeal to traders. As of October 13, 2024, the overall market sentiment remains bullish, with 23 technical indicators supporting a positive outlook in the near term. In the next week, the forecast suggests that Mina's price may fluctuate between $0.561 (minimum) and $0.770 (maximum). If the asset reaches the upper target, it will have increased by 37.39% by October 21, 2024. While this prediction may seem overly optimistic, it is worth considering the range of the lower and upper limits to understand potential market volatility. Looking ahead, particularly for the remainder of 2024, the forecast indicates that the trading range for the Mina Protocol may be broader, from $0.561 to $2.67. If the asset reaches this upper price target, it could potentially increase by 378.64%. Although this forecast suggests significant growth, it is important to note that market conditions may change, and investors should consider this in their decision-making process. 3. CHZ The price of Chiliz (CHZ) is $0.074763, reflecting a 5.14% increase in the past 24 hours. Over the past year, the price has risen by 35%. Notably, in the past 30 days, the stock has had 19 trading days with an upward trend, meaning that 63% of the time, the daily closing price was higher than the daily opening price. As of October 13, 2024, although 22 technical indicators suggest a bullish trend, the market sentiment around Chiliz appears neutral. For the next week, the forecast predicts that CHZ will trade between $0.074377 and $0.116896. If it reaches the upper end of this range, the price could increase by 57.17% to $0.116896 by October 21, 2024. Looking ahead to 2024, Chiliz is expected to trade between $0.073763 and $0.245794. If the price reaches the upper target, it would represent a 228.94% increase, driving the value to $0.245794. 4. FTM The price of Fantom (FTM) is $0.662887, as of October 13, 2024, reflecting a 4.61% decrease in the past 24 hours. Despite the short-term decline, the overall market sentiment for Fantom remains bullish. Among the 28 technical indicators, the majority suggest positive growth potential. Over the past year, the token has risen by 258%, outperforming 78% of the top 100 cryptocurrencies, including Bitcoin and Ethereum. The current price of Fantom is 57.75% higher than its 200-day simple moving average (SMA) of $0.42001. This indicates strong momentum, as the token is performing well compared to its initial token sale price. In the past 30 days, Fantom has had 18 days of positive price movement (60%), and its market capitalization suggests good liquidity. Looking ahead, the price forecast for the next week suggests a potential increase. The predicted range is between $0.682734 and $0.730862, and if it reaches the upper target by October 21, 2024, it could rise by 7.05%.