Three Affordable Cryptocurrencies Below a Dollar Worth Watching Closely
In the ever-evolving world of cryptocurrencies, two projects, Beam and Velo, are making waves, particularly in the Asian market. Let's take a closer look at these promising contenders.
Beam (BEAM): A Focus on Privacy and Gaming
Beam, priced below IDR 16,511, offers a relatively low entry point for investors seeking undervalued tokens with long-term goals. The cryptocurrency uses Mimblewimble technology for privacy, appealing to both players and developers. Additionally, Beam is fully EVM compatible, lowering the barrier for projects migrating from other blockchains.
Beam's market focus on blockchain gaming and its expanding partnerships, such as with Immutable and Polygon, position it well for growth, particularly in the promising sector of crypto known as GameFi. While the market outlook for Beam shows cautious optimism, some analyses predict that it could reach around $0.03 to $0.04 by 2025, driven by its ecosystem development.
Velo (VELO): A Solution for Cross-Border Payments
Velo, a multi-chain platform, is targeting the expanding Asian market, where demand for secure, low-cost cross-border payments is high. The platform operates on the Avalanche network, potentially benefiting from its fast transaction speeds and low fees. Velo aims to connect traditional finance with blockchain-based systems, competing with established networks like Ripple.
The price of Velo is currently 99% below its 2021 peak, offering significant upside potential. If the Velo team delivers on its plans, the coin could see strong demand from both retail and institutional users. However, as of now, comprehensive up-to-date outlooks for Velo cannot be provided from the available sources.
Newton Protocol (NEWT): Automating Trading Strategies
Newton Protocol, a recent entrant on Binance Alpha, addresses a major DeFi challenge: secure automation of trading strategies. The platform launched with a bang, rewarding early users with 10% of the token supply. However, like Velo, there is currently a lack of up-to-date market outlook data for Newton Protocol in the provided results.
In summary, Beam and Velo offer intriguing opportunities for investors, particularly in the growing sectors of gaming and cross-border payments, respectively. While market conditions remain somewhat bearish or cautious, investors should keep a close eye on these projects, watching for ecosystem developments and broader crypto market trends.
- Beam, a cryptocurrency with Mimblewimble technology for privacy, is drawing attention in the cryptocurrency market, particularly in the Asian market, due to its focus on blockchain gaming and expanding partnerships.
- Velo, a multi-chain platform operating on the Avalanche network, aims to address the high demand for secure, low-cost cross-border payments in the Asian market and compete with established networks like Ripple.
- Newton Protocol, a platform that secures the automation of trading strategies, has entered the DeFi landscape and could potentially represent an interesting investment opportunity, despite the lack of up-to-date market outlook data currently available.
