Top 5 Altcoins Below $1: HBAR, VET, IMX, ARB, And STX

• New developments and partnerships could make HBAR, VET, ARB, IMX, and STX the top tokens under $1.
• The prices of HBAR, VET, and ARB declined throughout the past day while IMX and STX saw their prices rise.
• ARB could have a competitive edge over the other tokens as it is working on 5 new developments.

Traders might want to keep an eye on Hedera (HBAR), VetChain (VET), ImmutableX (IMX), Arbitrum (ARB), and Stacks (STX). New and exciting developments and partnerships could make these tokens some of the best altcoins under $1.

Hedera (HBAR)

The majority of the top 50 cryptocurrencies saw their prices decline over the past 24 hours, according to CoinMarketCap, and HBAR is no exception to this. At press time, the altcoin was worth about $0.04722 after its price experienced a slight 0.54% price drop.

HBAR was not seeming any better on its longer time frames either as its price slipped by over 6% in the past month as well. On the other hand, there might be a light at the end of the tunnel for the cryptocurrency.

SaucerSwap Labs announced on 15 October 2023 that the SaucerSwap testnet and bug bounty will go live on 28 October 2023. SaucerSwap is the first decentralized exchange to launch on the Hedera network and could offer the project some much-needed momentum.

VeChain (VET)

VET was yet another top 50 token that struggled throughout the past day of trading. VET’s price dropped by 1.27%, and as a result, was trading hands at $0.01665 after it reached a peak price of $0.0173 over the past 24 hours.

Although VET’s price has fallen by more than 94% since reaching its all-time high price of $0.2782, the project is still attracting the attention of many Fortune 500 companies. Walmart, H&M, Amazon Web Services, DHL, Renault, and Microsoft are some of the project’s largest partners.

Meanwhile, VeChain had completed a #60daysofvechain hackathon in partnership with Havard and Boston Consulting Group. Additionally, VeChain will soon also launch a health project called VeHealth that will utilize smart contracts to lower health insurance premiums. These new projects are sure to pump new life into the price of VET.

ImmutableX (IMX)

IMX was able to manage a modest 0.02% increase in its price since yesterday, bringing its trading value to $0.5405. In addition to this, IMX’s price was able to climb by 1.07% in the past month.

This upward momentum for IMX could continue after it was announced that Immutable will step into a partnership with Amazon Web Services (AWS). Immutable’s collaboration with AWS will open up a vast pipeline of game studio leads and provide critical support for deal closures.

It is also worth noting that Immutable has been progressing significantly with its zero-knowledge Ethereum Virtual Machine (zkEVM). The project  underwent public testing in partnership with Polygon Labs in August this year.

Arbitrum (ARB)

ARB could be considered one of the best cryptocurrencies below $1 currently. This could be primarily attributed to the fact that Arbitrum is actively developing five projects that have the potential for significant growth before the end of this year.

Along with Arbitrum’s recent airdrop event drawing attention from the community, the Ethereum Layer 2 ecosystem is also working on GMX, VELA exchange, ZyberSwap, Radiant, and Camelot. However, despite its ongoing developments, ARB’s price has not been prominent as a leading performer.

In the past 24 hours, ARB’s price decreased by about 0.86%, which left it trading at $0.8105. The token’s price also suffered losses of 1.86% in the past week. After reaching its all-time high price of $11.80 in March of 2023, its price has fallen by more than 93% to trade at its current value.

Stacks (STX)

STX was one of the tokens below $1 that seemed prominent throughout the past day after its price jumped by more than 2%. As a result, STX was trading at $0.5422 at press time, which was right between its 24-hour low price of $0.5062 and its peak price over the same time period of $0.5759.

The altcoin’s intraday volume stood at $83,560,431 after it experienced a 108.43% surge. It is worth noting that STX’s upward momentum was also evident in the fact that its price was able to increase by 7% in the past seven days as well.