We always curate a list of affordable tokens for you to add to your portfolio. In other financial news,  during Monday’s Asian trading session, Bitcoin, Ether, and the top 10 cryptocurrencies faced declines, with Tron being the sole exception. 

Toncoin bore the brunt of these losses. During its September meeting, the U.S. Federal Reserve’s announcement weakened global cryptocurrency markets, indicating a forthcoming interest rate hike by year-end. 

This revelation implies an extended period of elevated interest rates compared to previous expectations. Consequently, these hawkish developments prompt cryptocurrency investors to explore more cost-effective investment alternatives with growth potential.

6 Best Cheap Crypto to Buy Now Under 1 Dollar in September 2023

Low-cost altcoins tend to be volatile, just like most cryptocurrencies. Likewise, stability is primarily associated with stablecoins, while many other digital assets experience price changes. Buying cryptocurrencies at a low price can give investors a safer investment choice.

We’ve compiled a list of cryptocurrencies priced under 1 Dollar, allowing investors to consider these options for low-risk investments.

1. PepeCoin (PEPE)

PEPE, a deflationary meme coin launched on the Ethereum blockchain, pays tribute to the Pepe the Frog internet meme from the early 2000s. It aspires to leverage the popularity of meme coins like Shiba Inu and Dogecoin, aiming to establish itself as a notable meme-based cryptocurrency.

Distinguishing itself from other cryptocurrencies, PEPE adopts a no-tax policy, which means it refrains from imposing transaction fees. This approach broadens its appeal and attracts a wider range of users.

PEPE also implements a redistributive system, rewarding those who hold the token over the long term. The project encourages holder incentives by incentivizing users to retain their tokens for extended periods, which could contribute to its long-term viability.

From April to May 2023, PEPE experienced a substantial surge in value, leading to a peak market capitalization of $1.6 billion. This surge attracted early adopters, who realized significant gains and fostered a strong, like-minded community of supporters.

🐸 $PEPE Official Links 🐸

website: https://t.co/YOvEFOoGSB

uniswap: https://t.co/3YuD6iLmhV…

cmc: https://t.co/3Y4zKVWRWC…

contract: 0x6982508145454ce325ddbe47a25d4ec3d2311933

to buy: @binance, @kucoincom, @okx, @bybit_official, @HuobiGlobal, @coinbasewallet, @cryptocom… pic.twitter.com/a5LUVWBCbv

— Pepe (@pepecoineth) September 9, 2023

In summary, PEPE differentiates itself within the meme coin market through its no-tax policy, a redistributive system, and a token-burning mechanism. Its association with the Pepe the Frog meme character adds a distinctive element. 

2. SolarX (SOLX)

SOLARX operates as a decentralized financial payment network, fundamentally restructuring the conventional payment system using blockchain technology. 

It accomplishes this by utilizing fiat-pegged stablecoins algorithmically stabilized by its reserve currency, SOL. The overarching aim is to facilitate programmable payments and foster the development of an open financial infrastructure.

The SolarX project represents a noteworthy convergence of cryptocurrency and green energy, effectively integrating advanced technology with a steadfast commitment to environmental sustainability. 

SolarX appears poised to exert a meaningful influence in cryptocurrency by harnessing renewable energy sources alongside cutting-edge mining hardware. This move will potentially advance the cause of a more environmentally conscious future.

Notably, SolarX’s pledge to eliminate air pollution aligns seamlessly with environmental objectives. Moreover, it purports to reduce costs by eliminating gas fees, a feature that may significantly benefit users. 

Sale Start Time: Today
Platform: https://t.co/Q7TJQoisMI
Payment Options: Multiple cryptocurrencies accepted

Why Choose SolarX Mining Devices?

Cutting-Edge Technology: SolarX devices are equipped with the latest mining technology, ensuring maximum efficiency and… pic.twitter.com/oSrG1DiLuR

— SolarXcoin (@solarxcoin) September 22, 2023

The project’s emphasis on sustainable energy sources supports a cleaner environment and carries the promise of potentially free electricity. Additionally, SolarX presents a prospect of passive income opportunities, which could be particularly appealing to a diverse user base.

SolarX is actively preparing to introduce two innovative mining products regarding its future trajectory. This strategic move underscores the project’s commitment to remaining at the forefront of technological advancements in the mining sector, which could further solidify its standing in the industry.

3. Wall Street Meme (WSM)

Wall Street Memes, a new presale meme coin, has attracted attention due to its roots in the Wall Street Bets Reddit community and the GameStop events of 2021. The project’s primary goal is to “tokenize the movement,” allowing ordinary investors to potentially profit from meme tokens, akin to the gains seen in meme stocks.

The presale phase has garnered over $25 million in funding, with an upcoming Initial Exchange Offering (IEO) generating significant anticipation. This marks an important step for the project, demonstrating a substantial level of community trust and possibly paving the way for a substantial exchange listing.

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With only two days remaining until its public debut, investors eagerly anticipate the coin’s performance in the market. Furthermore, the Wall Street Memes team has expressed a desire to collaborate with meme creators, influencers, and content platforms, aiming to enhance the visibility of $WSM. 

Notably, influencers such as Joe Crypto Bury, boasting an impressive YouTube subscriber base of 21,000, have suggested that $WSM could potentially become a “100x meme coin.”

While such optimism remains speculative, recent successes of meme coins like $PEPE, $WOJ, and $TURBO indicate that Wall Street Memes may have a chance at success.

4. Arbitrum (ARB)

Arbitrum functions as a Layer-2 scaling solution for the Ethereum network, employing optimistic rollups to address speed, scalability, and cost-effectiveness issues. One notable feature is its compatibility. This enables existing Ethereum DApps to operate seamlessly on Arbitrum without requiring code modifications.

Regarding scalability, Arbitrum demonstrates the capacity to process a substantial volume of transactions per second, all while maintaining a reduced fee structure and accelerated finality. This is achieved while upholding Ethereum’s security standards.

Decentralization is a core principle, as Arbitrum’s transaction ordering does not rely on centralized operators or sequencers. Instead, it depends on a decentralized network of validators who stake ARB tokens and earn fees for securing the network.

The 69,448,385 unclaimed ARB remaining in the token claim contract has officially been moved to the #ArbitrumDAO treasury as outlined in AIP-7

Tx link:https://t.co/vto7Vr7r44

AIP-7:https://t.co/2VggkBH9W9

You cannot claim those tokens anywhere.
Please be safe out there!💙🧡 https://t.co/sY6MmKl09h

— Arbitrum (💙,🧡) (@arbitrum) September 25, 2023

The project leverages Ethereum’s security and compatibility strengths while achieving higher throughput and lower fees by offloading a significant portion of the computation and storage load off-chain.

ARB, Arbitrum’s native token, serves a governance role. This implies that ARB holders can actively participate by voting on proposals that influence features, protocol upgrades, fund allocation, and the election of a Security Council.

5. Polygon (MATIC)

Polygon is a blockchain project that primarily addresses the scalability issues in the blockchain realm. Its core objective is to offer users quicker and more cost-efficient blockchain transactions while upholding high security.

One of Polygon’s distinguishing features is its transformation of Ethereum into a multi-chain system similar to projects such as Polkadot, Cosmos, and Avalanche. Polygon leverages Ethereum’s security, well-established ecosystem, and open approach to fulfill its goals.

The Polygon network utilizes the Ethereum mainnet as its settlement layer, regularly submitting “checkpoints” to the Ethereum mainnet, typically at 30-minute intervals. 

Validators in the Polygon network earn rewards for securing the network, validating blocks, and submitting these checkpoints to Ethereum. Users can participate in Polygon staking either as validators or delegators.

Polygon claims to achieve notable transaction throughput, boasting up to 65,000 transactions per second on a single side chain, with a block confirmation time of under two seconds. Additionally, it facilitates the creation of globally accessible decentralized financial applications on a single foundational blockchain.

Dragonfruit Upgrade: successful

Polygon zkEVM Mainnet Beta upgrade + bridge operations have completed successfully. System resumes full activity.

Devs, the list of EVM networks that support PUSH0 opcode:
1) Ethereum
2) Polygon zkEVM Mainnet Beta https://t.co/YEjDhHDD6w

— Polygon (@0xPolygon) September 20, 2023

To attain its scalability and smart contract execution goals, Polygon combines the Plasma Framework with a proof-of-stake blockchain architecture. 

MATIC serves as the native token of the Polygon network, adhering to the ERC-20 standard on the Ethereum blockchain. MATIC tokens are utilized for payment services within the Polygon ecosystem and as a settlement currency between users. Transaction fees on Polygon sidechains are also denominated in MATIC tokens.

6. DogeCoin (DOGE)

Dogecoin (DOGE) is a cryptocurrency that originated from the popular Internet meme, doge. The coin adopts a simple approach without additional functionalities like smart contracts, decentralized exchanges, and NFTs.

Dogecoin operates on the Proof-of-Work (PoW) consensus algorithm. This entails that it relies on a network of cryptocurrency miners to validate transactions and uphold the integrity of the distributed ledger. 

Miners contribute their computational power to secure the network and authenticate on-chain data within this system. As compensation for their efforts, miners receive DOGE tokens.

An inherent strength of Dogecoin lies in its ability to offer a secure and cost-efficient platform for cryptocurrency transactions. It ensures that network participants unanimously agree on the state of the blockchain without the added complexity of supplementary features found on some other cryptocurrency platforms.

In summary, Dogecoin serves as a straightforward cryptocurrency with a keen focus on secure and economic transactions. Its PoW-based system leverages miners to sustain the network, offering them DOGE tokens as remuneration. Its simplicity sets it apart from platforms that offer more extensive functionalities.

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• Source: https://insidebitcoins.com/news/6-best-cheap-crypto-to-buy-now-under-1-dollar-in-september-2023-2