Best CryptocurrenciesFor Under $1
Looking to buy crypto under a dollar? You have come to the right place. While most people tend to buy Bitcoin or other top cryptocurrencies like Ethereum, there is crypto under $1 that can make a solid investment. For instance, the meme token Shiba Inu (which is currently only worth a fraction of a dollar) boomed seemingly overnight last year, and many investors made millions.
Investing in cryptocurrencies under $1 means looking for crypto assets that have the potential to grow. It also means considering the market capitalization. The bigger the market capitalization, the less likely the asset will continue to grow.
The question is, which cryptocurrencies under $1 are a good investment for 2022? To help you decide, we have come up with a list of some of the top crypto currently worth less than a dollar to serve as a guide in your investing journey.
Table of Contents
Best Crypto to Buy Under $1
Stellar XLM is currently among the top 30 largest cryptocurrencies by market cap. It is the native token of the cross-border payment blockchain, Stellar. The cryptocurrency has the potential to grow in value because, as crypto adoption continues, payments will become a top priority.
Cronos (CRO) is a token created by a Singapore-based crypto exchange app, Crypto.com. It is also the native cryptocurrency token of the Cronos Chain, a decentralized, open-source blockchain developed by Crypto.com. Cronos Chain is used primarily to power the Crypto.com mobile pay app, making CRO the native token used to facilitate payment on the mobile app.
As payment is a critical aspect of cryptocurrency adoption, the token has great potential for price growth. Like XLM, it is among the top 30 cryptocurrencies by market cap, which means it has a lot of room to grow.
Another top crypto under a dollar is XRP - the native token that powers the decentralized ledger technology (DLT) platform, Ripple. The platform is used for cross-border payments and is known for its low-cost transactions and high speed. The app is growing in popularity because it is designed primarily for corporate organizations that can use XRP to make payments on Ripple.
Many companies have already adopted the use of XRP. The latest is SBI Motor Japan, which adopted it and Bitcoin as payment options for used cars. Despite the lingering court case against the company and the token, the continued use of the coin shows potential. Winning the case will likely also increase the value of XRP.
Dogecoin is a household name in the cryptocurrency space. The first reason being it has become the biggest memecoin by market cap. The second is because it is one of Elon Musk's favorite coins. Created as a joke cryptocurrency inspired by a Shiba Inu dog, the token has grown exponentially and rewarded its investors handsomely, thanks to Elon’s influence.
There is likely still more to come, as the Dogecoin team is working hard to make it a better investment. The team is experimenting with different things, including minting non-fungible tokens (NFTs) on the blockchain. Holders of the memecoin are also incentivized to burn their coins to make them more valuable. .
Elon’s electric car company, Tesla, also recently started accepting DOGE payments, which has helped increase the value. There are still hopes that Elon, the new owner of Twitter, will create a use for Dogecoin on Twitter too, so there is a lot to look forward to. If you are looking for a top cryptocurrency under a dollar, this is definitely one to consider.
What are altcoins?
Altcoins stand for alternative coins, which basically means cryptocurrencies other than Bitcoin. By implication, any other cryptocurrency that is not Bitcoin is an altcoin. Every coin listed above is considered an altcoin.
Frequently Asked Questions
This depends on the usefulness of the cryptocurrency. A cryptocurrency under $1 with no place in the future may not be a good investment. However, one with potential can be an excellent investment because it has a lot of room to grow. Doing your research on a company's future goals and plans is your best bet for discovering currencies with growth potential.
Technically yes, you can invest $1 in Bitcoin. However, in reality, this is impossible as the fees required for buying a BTC at any point in time are probably even higher than $1. Besides, top exchanges set limits for the least BTC you can buy and $1 is most likely to be lower than that. Therefore, no you can’t invest $1 in BTC.
At the current rate, $1 will buy you about 0.000032 BTC. You can have this in your wallet after carrying out a larger transaction and having a balance, but as is stated above, it is practically impossible to buy this directly whether on an exchange or through peer-to-peer transactions.