Today, the crypto market is flooded with more than 6000 different cryptocurrencies available. Diversity is the key to successful investment in cryptos. Usually, investors prefer major cryptos like Bitcoin and Ethereum over other low-priced altcoins.
But this tradition is losing out because many low-priced altcoins with potential are available today. These can ensure good profits with minimal investments. Still, be careful if you are a novice investor trying to explore the crypto space as it is always safest to choose the trusted and most affordable cryptos to invest in with the smallest risk.
To compare, the last time Bitcoin was worth less than $1 was in February 2011. There’s almost no way that the crypto will reach anywhere close to that price ever again. Luckily, there are more promising cryptos on the market still under $1.
Low token values attract investors, as there’s a chance for high growth potential there. However, the market capitalization of the crypto is more important than the amount per coin. Read more about the 5 best altcoins under $1 and how to invest in them today? More importantly, which coins would be a great addition to your crypto assets?
The term altcoin originally referred to any crypto other than Bitcoin. Now, however, the word defines coins outside of famous coins like Ethereum, Cardano, and Binance Coin. Moreover, many cryptos have different use cases. Some altcoins are simply copies of other cryptos on the market. As a result, it is making them weak investments for the long term.
Before investing in an altcoin, be sure to do your study on the crypto project. Notably, it would help to think about some vital crypto aspects: the team members, the number of coins issued, use cases, and future growth potential.
In addition, check if similar projects aim to solve the same problem as the altcoin you’re looking to invest in. With this, it would help to think which coin has a better place to increase its market share.
As earlier mentioned, the market cap of crypto is much more telling of growth potential than the price per coin. For example, the token is worth less than $1, but the currency has over a $25 billion market cap. This is due to the number of coins inflow; there are 129 billion coins currently minted, and token supply rises at a rate of 10,000 coins per minute.
Due to the high circulating supply and large market cap, it takes capital to push coins higher. For example, for the asset to double in price, the market cap would need to rise by about $25 billion. In contrast, a coin like Decentraland (MANA) would require a mere $1.2 billion increase in market cap to show similar returns.
When looking to invest in the best altcoins under $1, you should track the altcoins’ success in the near term. To learn more about their offerings, you should visit some crypto brokers online and pick one following your choices and purchase plan.
Our best crypto picks under $1 are based on growth potential, fundamentals, and the teams behind the projects. Moreover, the 5 best altcoins under $1 that are yet to make any notable price move look pretty good for a growth portfolio.
1. Dogecoin (DOGE)
Dogecoin is a digital currency started in 2013 by two friends as a cheerful joke based on a popular Shiba Inu dog meme on the web. Naturally, for most of its existence, Dogecoin was worth less than a penny and hardly listed as important to most crypto communities.
But that all turned in 2020 and 2021 when the meme trading craze took off. At its peak in May 2021, Dogecoin was briefly worth $0.74, with a market cap of around $96 billion. Notably, DOGE is Elon Musk’s favorite crypto.
At the time of writing, DOGE holds rank #7 on the CoinMarketCap. Moreover, Dogecoin reaches roughly a $36.6 billion market cap. In addition, Its current price is $0.2793. As a result, it is one of the best altcoins under $1 to invest in.
Furthermore, if you are interested in DOGE, here is our Dogecoin price prediction for 2021.
2. VeChain (VET)
The former CIO of Louis Vuitton China, Sunny Lu, Built VeChain in 2015. He blended his expertise in luxury ideals with blockchain tech to form an IoT (Internet of Things) application for supply chain management. Also, Lu remains the CEO of VeChain for a non-profit called the VeChain Foundation.
Likewise, VeChain got a very specialized approach to its expansion instead of being a blockchain for all things. First, it created the structure to move goods and services across the supply chain, making the VET a utility token.
In addition, it has a two token system; one kind of token funds the projects, and the other controls the blockchain. Moreover, VeChain is tricky in partnerships, securing a national-level collaboration with China to develop smart cities.
Therefore, it joined teams with PricewaterhouseCoopers (PwC), who have helped boost VeChain’s blockchain to clients. Indeed, a current PwC exec remains on the steering board, while a former PwC exec serves as the COO of VeChain Foundation.
At the time of writing, VeChain stands at $0.1337, with a 24-hour volume of $1.02 billion. In addition, VET is at #21 rank on CoinMarketCap with a 24-hour trading volume of $1 billion.
Recently, a Vechain developer announced the countdown to the block 10,000,000 on the Vechain mainnet. To learn more, you can also read our Vechain price prediction for 2021 here. Vechain is also one of the best altcoins under $1 to invest in.
3. TRON (TRX)
TRON is a blockchain-based decentralized digital platform with a local token called TRX. Found in 2017 by a Singapore non-profit firm, the Tron Foundation is now led by CEO Justin Sun. In addition, Sun also is the CEO of the file-sharing program, BitTorrent.
Likewise, the firm aims to host a global production system for the cost-effective sharing of digital content. As a result, the platform had more than 50 million accounts as of August 2021. Therefore, as of August 5, TRX ranked 31st among cryptos in market cap, according to CoinMaketCap. At that time, TRX hit the all-time high of $0.2180, with a market cap of $4.66 billion.
TRON uses the features of the blockchain and Peer-to-Peer (P2P) network to reduce the middleman. As a result, content creators can sell their work directly to users. Software developers can also use the Solidity programming language to create apps hosted on the TRON platform.
Furthermore, TRON forms a direct challenge to the media industry, including web-based giants like Amazon and Netflix. Its slogan is “Decentralize the Web.” Thus, users can use TRX to pay the content creators to access their applications quickly. As a result, content creators do not pay a transaction fee to TRON.
Additionally, its future success depends partly on the programming quality it brings to its users beyond the current crypto boom. At the time of writing, TRX holds the #26 place on the CoinMarketCap, with a market cap of $6.86 billion. In addition, the current value of TRX is $0.09598 and has a 24-hour volume of $1.4 billion.
If you are interested in TRON, you can also check our TRX price prediction for 2021 here.
4. Crypto.com Coin (CRO)
Crypto.com is a Singapore-based crypto exchange and digital wallet founded in 2017 by the CEO of Monaco, Kris Marszalek. It is one of Asia’s most thriving exchanges with a long history as an authorized entity within the industry.
Recently, Crypto.com has launched its own blockchains called Crypto.com Chain and Cronos chain. The projects aim to provide a decentralized foundation that will allow users across all industries to access their financial data securely from anywhere on any device.
Furthermore, Crypto.com release its native token, Crypto.com coin (CRO), in the Crypto.com ecosystem. The CRO Token powers every feature within the Crypto.org Chain and Cronos Chain that’s focused on user protection while providing access to advanced asset use cases like payments or Peer-to-Peer banking through smart contracts, among other things.
Moreover, the platform CRO liquidity and its various offerings allow it to stand out among other exchange platforms in the market space. As such, Crypto.com becomes an all-inclusive future service provider for crypto enthusiasts.
The platform is currently in the top 20 centralized trading exchanges, as per Coinmarketcap. The 24h trading volume is $730 million with 975,244 weekly visits, which is incredible. Notably, CRO price is $0.162920, with a 24-hour trading volume of over $64 million at the time of writing. Along with this, CRO ranked #37 on the CoinMarketCap, with a market cap of $4.1 billion.
If you are interested in Crypto.com Coin, you can also check our Crypto.com Price Prediction for 2021 here.
5. XinFin Network (XDC)
eXchange inFinite (XinFin) created the XinFin Network. It is a Proof-of-Stake (PoS) consensus network, allowing hybrid relay bridges and prompt block finality. In addition, it is also interoperable with ISO 20022, making XinFin’s Hybrid Architecture developer-friendly.
XinFin Digital Contract (XDC) is the native token powered by the XDC hybrid blockchain network by the XDC01 protocol. It works as a settlement tool built on the XDC Network for decentralized applications (dApps).
As a result, it has developed Hybrid Blockchain’s highly scalable, secure, permission, and commercial-grade Blockchain architecture over the first of its kind. In addition, it aims to eliminate the inefficiencies in global trade and financing. It enables institutions to provide real-time settlement and help cross-border smart contracts.
The XDC protocol specially designs to promote smart contract, KYC, AML, and price stability using its hedge pool for existing cryptos. Moreover, the XDC protocol also supports fiat payment methods and will support upcoming nationally issued cryptos.
At the time of writing, the XinFin Network price is $0.143163 with a 24-hour trading volume of $14.6 million. In addition, the XinFin Network is up 7.14% in the last 24 hours. XDC’s current ranking is #72 on CoinMarketCap, with a live market cap of $1.7 billion.
There has been a striking rise in the price and demand of altcoins in 2021. Therefore, it is no surprise that savvy investors look for new low-price altcoins to make their crypto dives. Moreover, with the recent market sell-off, cheaper crypto tokens are an engaging investment asset right now due to their possible upside and least risk.
Therefore, with regard to the market price, volatility, growth plans, and future potential, the coins mentioned above are the 5 best altcoins under $1 to own right now for a successful purchase journey.
Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.