Since crypto winter is in full swing, the prices of crypto currencies have plummeted significantly. However, good crypto projects are still developing new technologies to solve many problems. Good projects are still executing on their promises.
That means good crypto projects, i.e., coins and tokens, are selling at a discount. Here are the best altcoins that you can buy for under $1.
Cardano
It is one of the most prominent smart contract platforms. Since a proof-of-stake blockchain powers Cardano, it is one of the most energy-efficient cryptocurrencies in the Web3 space.
Cardano is known as the first blockchain platform to emerge from a scientific perspective and an evidence-based methodology. It is a completely open-source project that prioritises sustainability, scalability, and transparency.
Furthermore, it was the first blockchain technology to be peer-reviewed, making it one of the most trustworthy crypto networks. Cardano’s long-term goal is to outperform Ethereum.
The price of ADA has been plummeting for quite some time due to the bear market and crypto winter. Although it is one of the best crypto tokens to buy under $1.
Ripple (XRP)
Ripple and the US regulator, the SEC, have been embroiled in a legal battle for the last two years. As we await the judgement, one thing is sure: it will set a precedent for the cryptocurrency industry.
The Ripple cryptocurrency and blockchain intend to revolutionise the global financial industry. Ripple, created in 2012, provides payment network technology to banks and financial organisations for cross-border transactions. They seek to replace the SWIFT payment and communication network with a more secure, cost-effective, and efficient cross-border payment and messaging system.
Transactions on the Ripple network take only 4-5 seconds to complete, regardless of where the sending and receiving parties are located. Furthermore, initiating cross-border payments costs financial institutions only a fraction of a penny.
As the project’s native asset, XRP is one of the top cryptos under $1 to consider today. After all, they have a solid use case.
Dogecoin
Billionaire Elon Musk, who calls himself “Doge Father, has backed DOGE several times.
The crypto community loves ‘DOGE’ and that’s how it crossed the $1 mark in 2021. Apart from that, investors speculate that Elon will adopt this cryptocurrency as a payment option for his products and services. Musk has mentioned similar intentions several times. Its future prospects are on the bright side, which makes it a top crypto to buy under $1.
Polygon (MATIC)
It was launched to connect and grow Ethereum-compatible projects and blockchains. By addressing the scalability issues of existing blockchains, this project offers developers a set of tools to build very scalable and high-performance blockchains and Decentralized Apps (DApps). Its goal is to construct “Ethereum’s internet of blockchains.” It is one of the most exciting projects out there, with huge potential.
Sandbox (SAND)
The Sandbox is a decentralised virtual gaming world powered by the Ethereum blockchain. Just like Decentraland, players in the Sandbox virtual world can buy virtual plots of land and build experiences on top of them to share with other users.
This play-to-earn game allows players to create and customise their games and digital assets. The virtual items developed can be monetized as NFTs. And sold on the Sandbox Marketplace for SAND tokens.
The native token of Sandbox, the SAND token, is used for all transactions and interactions in the game. If the platform becomes a go-to destination in the metaverse, the price of SAND will skyrocket.
Also Read: Top 5 Undervalued Cryptocurrencies To Invest in 2022
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Source: https://coingape.com/blog/top-5-altcoins-to-buy-under-1/