Best cheap crypto under $1 in February 2022

Cryptocurrency prices made a smooth recovery during the weekend as risk sentiment in the market improved. Bitcoin jumped above $42,000 while Ethereum rose to $3,100. Since cryptocurrencies are highly correlated, investing in cheaply priced coins can be a good idea when prices rise. So, here are the best cryptos below $1.

Shiba Inu

Shiba Inu (SHIB/USD) is a leading meme coin that is valued at over $15 billion, making it the 15th biggest cryptocurrency in the world. Shiba Inu was created to be a viable alternative to Dogecoin, the biggest meme coin in the world. 

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There are three main reasons why Shiba Inu is top crypto under $1. First, it is a relatively popular cryptocurrency. Indeed, it has the most searches in platforms like Reddit and Twitter. 

Second, the developers are working to expand its use case in the DeFi industry using Shiba Swap. And finally, it could gain more activity if it gets listed in key platforms like Robinhood.

Tron

Tron (TRX/USD) is one of the oldest cryptocurrencies in the world. It was started by Justin Sun and is trading at $0.06, making it a crypto under $1. 

Tron is a blockchain operating system where developers can build decentralized applications (DAPPs) in all industries. Today, it has been used to build a number of DeFi projects that have a combined total value locked (TVL) of over $4.6 billion.

Tron price has crashed by almost 50% from its all-time high, meaning that it is likely trading at a discount. Like it has done before, there is a likelihood that the TRX price will bounce back.

Hedera Hashgraph

Hedera Hashgraph (HBAR/USD) is a leading blockchain project that helps enterprises build decentralized applications. Its use scenarios is in all industries like DeFi and Non-Fungible Tokens (NFT). 

HBAR is trading at $0.26, making it a crypto under $. While its price has crashed by 55% from its all-time high, there is a possibility that it will bounce back. 

The main catalyst for the HBAR price rally will be the growing partnerships. For example, last week, the Hedera Foundation announced a deal with Ubisoft. It has also inked deals with ServiceNow, Google, and Wipro.

Stellar Lumens

Stellar (XLM/USD) is a network that was created by a former Ripple Labs founder. In the past few months, the XLM price has crashed by more than 70%, bringing its price to $0.2345. 

The decline happened partly because of the decision by the Stellar Foundation not to acquire MoneyGram. Still, there is a likelihood that its price will bounce back in the coming months as investors buy the dips.