5 Best Penny Cryptos Under $1 If Bonk Token Bull Run is Over
The bull run in Bonk!, the first Solana-based dog meme coin, may have run its course. BONK, a token issued on the Solana blockchain that was airdropped a few weeks ago for free to Solana investors across the ecosystem, is sliding rapidly on Friday.
According to DEX Tools, BONK/USD was last changing hands around $0.0000016 per token, having now shed around two-thirds of its value from the record highs it hit above $0.0000048 in early Thursday trade.
The rapid rise to fame of BONK has made big news in recent weeks, with some claiming the cryptocurrency has revitalized hope within the Solana crypto ecosystem. Trade has been spectacularly volatile in recent days as the cryptocurrency has been listed on more exchanges.
The team behind BONK recently announced that they would be burning 5 trillion tokens that had been allocated to them, in an effort to boost the price once again.https://www.twitter.com/bonk_inu/status/1611133296955498498
But the failure of BONK’s price to bounce suggests the market is more concerned about unwinding speculative excess in the coin than it is by token supply at present.
Altcoins to Consider
Investors looking to diversify their cryptocurrency portfolio within so-called “penny cryptos” may no longer be interested in Bonk!, with the bull run potentially now having run its course. Here is a list of alternative penny cryptos to consider which are still in the presale stage, which could also offer the possibility of rapid short-term games. The difference is that all of the cryptocurrencies in this list are backed by promising projects and excellent utility/use cases.
FightOut (FGHT) – Presale on Now
The young move-to-earn crypto niche has shown a lot of promise, but early success stories like STEPN have significant limitations that have, so far, prevented them from conquering the mainstream. FightOut, which touts itself as the future of move-to-earn, wants to change that in 2023. FightOut is a brand new web3 fitness application and gym chain that rewards its users for working out, completing challenges and competing within a first-of-its-kind fitness metaverse.
While existing M2E applications such as STEPN only track steps and require expensive non-fungible token (NFT) buy-ins to take part, FightOut takes a more holistic approach to tracking and rewarding its users for their exercise and activity, and doesn’t require any expensive buy-ins to take part. FightOut seeks to combine the physical and web3 worlds.
The project aims to eventually acquire gyms across all of the world’s major cities, whilst simultaneously promoting an integrated web3 fitness experience. At the center of FightOut’s digital ecosystem will be its smartphone application which, according to FightOut’s whitepaper, is scheduled for launch in Q2 2023.
The FightOut app will harness smartphone and wearable technology to measure and track physical performance. The app will have its own in-house tokenized economy, where users can earn rewards for completing M2E tasks, and can mint their own soul-bound token avatar, through which the user will be able to interact with the FightOut metaverse.
FGHT is the token that powers the FightOut metaverse ecosystem. Users will pay to enter competitions and leagues with FGHT, and winning will be paid out in FGHT.
FGHT can also be used in peer-to-peer fitness wagers. FightOut’s FGHT tokens are currently selling for 60.06 per 1 USDT, and interested investors are encouraged to move fast to secure their tokens, with the pre-sale having already raised over $2.7 million in just a few weeks. FGHT is the token that will power the FightOut crypto ecosystem.
Dash 2 Trade (D2T) – Over-funding Round About to End, CEX Listing Imminent
Those interested in investing in a promising crypto trading platform start-up should look no further than Dash 2 Trade. The up-and-coming analytics and social trading platform hopes to take the crypto trading space by storm with a host of unique features. These include trading signals, social sentiment and on-chain indicators, a pre-sale token scoring system, a token listing alert system and a strategy back-testing tool.
Dash 2 Trade’s ecosystem will be powered by the D2T token, which users will need to buy and hold in order to access the platform’s features. Dash 2 Trade is currently conducting a token presale that was originally supposed to have ended a few days ago, but has been continued due to massive token demand.
The raise total recently surpassed a massive $13.7 million, with the token set to be listed on its first centralized cryptocurrency exchange in just four days. Investors should thus move quickly to secure tokens before the volatility begins. Tokens are currently selling for $0.0533 each.
C+Charge (CCHG) – Presale Now On
The carbon credit industry is projected to be worth $2.4 trillion by 2027. Democratizing access to accrue these benefits is going to massive business in the years ahead and this is something crypto start-up C+Charge hopes to achieve. C+Charge is currently building a blockchain-based Peer-to-Peer (P2P) payment system for EV charging stations that will allow the drivers of electric vehicles (EVs) to earn carbon credits.
C+Charge aims to boost the role of carbon credits as a key incentive for the adoption of EVs. At present, large manufacturers of EVs like Tesla earn millions from selling carbon credits to polluters. C+Charge wants to democratize the carbon credit market by allowing more of these rewards to find themselves in the hands of the EV owners, rather than just the big businesses.
C+Charge has just started its pre-sale of the CCHG token that its platform will use to pay at EV charging stations. Tokens are currently selling for $0.013 each, though by the end of the presale this will have risen by 80%. Thus, investors interested in getting in early on a promising environmentally friendly cryptocurrency project should move fast.
Calvaria (RIA) – Final Presale Stage Now
Major blockchain-based games like Axie Infinity lost significant traction in 2022. As a result, many investors interested in the crypto gaming space are looking for alternative avenues. Calvaria, an up-and-coming play-to-earn battle card crypto game, could be a good alternative. Calvaria seeks to boost crypto adoption by creating a bridge between the real world and crypto, a fun and accessible crypto game.
Investors should consider Calvaria’s RIA token pre-sale. Calvaria has now raised $2.68 million, with a crypto whale scooping up $97.5K in one purchase last month. The presale is in the final stage, with only 13% of tokens left.
RobotEra (TARO) – Presale Now On
The meta-verse gaming start up hopes to launch in 2023. Ahead of its launch, it is conducting a presale of the TARO token that will be used as an in-game currency. In the few weeks since its launch, RobotEra raised over $675,000.
Tokens are currently being sold for $0.02, but that price will soon rise to $0.025, so interested investors should get in quickly. RobotEra also plans to begin sales of NFT robots that players can use within its metaverse soon. Investors who have already bagged themselves some TARO should stay tuned.