You don’t need to invest in an expensive coin to be able to have a high profit. What if I tell you that the list of best cryptocurrencies under $1 dollar is endless and you can get a coin that can give you good ROI?
With this blog, you will find information about the cheapest and best cryptocurrency that you can use to make profits of up to 100%. When you want to invest but don’t want to risk much money, here is the list of the best cryptos that are cheap.
But I have to be honest though, it’s not the easiest of tasks to find the cheapest cryptocurrency. Since there are so many digital currencies in this category, the crypto market is flooded with them. Often, a cryptocurrency project will have a high market capitalization, but its tokens prices will have a high total supply, resulting in a high price per token that is well below the dollar.
Regardless of their low price, many of those crypto coins and tokens have shown to be good additions to investors’ portfolios and have helped many people become crypto millionaires. There are a ton of digital assets available that cost less than $1; they even have their own name, “penny cryptocurrencies.”
Choosing which of these penny cryptocurrencies to invest in can be difficult, but some of them present excellent investment opportunities. We’ve put together a thorough guide on the best cryptocurrencies you should think about purchasing for under $1 in 2022 to assist you in making that choice.
- LUCKY BLOCK (LBLOCK)
- BATTLE INFINITY (IBAT)
- BASIC ATTENTION TOKEN (BAT)
- TRON (TRX)
- Cronos (CRO)
- STELLAR (XLM)
- REN (REN)
- FETCH.AI (FET)
Top Crypto Investments Under $1 for 2022
Although there are many affordable cryptocurrencies available, not all of them are worthwhile investments. Check out our ranking of the top cryptocurrency pairs to trade if you’re looking for more trading inspiration.
1. LUCKY BLOCK (LBLOCK)
Market capitalization: $41.9M
Official website: luckyblock.com
Lucky Block project, one of the largest cryptocurrencies launched in 2022, seeks to revolutionize the global lottery industry by providing an alternative system for running and participating in it. Lucky Block, which is based on Binance Smart Chain, is one of the most ambitious cryptocurrency projects we have recently seen. It is unlikely that it will remain on the list of the best cryptocurrencies under $1 for very long because its value will soon surpass that threshold.
Despite the fact that each Lucky Block token may not be expensive, this cryptocurrency has the potential to increase in value significantly! The utility token for the same-named blockchain-based lottery platform, Lucky Block, is based on the Binance Smart Chain.
With the goal of streamlining the process and securing that everyone can independently verify the draw results, Lucky Block aims to bring some much-needed transparency to the world of lotteries. An exclusive blockchain network will be used for the draw, ensuring fairness and ensuring transparency. With easy access for players from anywhere in the world, this strategy will make the global lottery a much more alluring proposition for millions of people.
If you’re a trader searching for the best penny crypto tokens, you’ll like Lucky Block’s price. In addition, the designers of Lucky Block have included a variety of features that make holding its token a great way to make digital money over the long term.
2. BATTLE INFINITY (IBAT)
Market capitalization: $9.7M
Official website: battleinfinity.io
One of the newest and most promising cryptos to invest in is Battle Infinity.
By merging gaming, the metaverse, and blockchain platform, the Battle Infinity platform offers a wholly decentralized experience in which crypto users and creators directly own their in-game goods in a totally open and impenetrable ecosystem.
Users of Battle Infinity enjoy an immersive experience that is totally safe and unrestricted. Six unique items that are efficient, useful, and easy to use make up the Battle infinite platform ecosystem.
There are six different features in total within the Battle Infinity platform, each of which offers a fun way to make money.
- IBAT Premier League – the first decentralized blockchain-based NFT fantasy sports game that is integrated with the metaverse, enabling you to assemble a tactical team, take on players from all over the world, and triumph.
- IBAT Battle Swap – Battle Swap performs the roles of a bank and a decentralized exchange.
- IBAT Battle Market – On their platform, the game’s assets and characters are all tokenized using an ERC721 smart contract for NFT.
- IBAT Battle Games – users of this platform have access to a wide range of NFT games to compete and win in the multi-player gaming market.
- IBAT Battle Arena – Each player will have their own unique avatar in the battle arena, which they can personalize by buying new outfits or hair accessories from the battle market.
- IBAT Battle Stake – You can compete with other stakers on their staking platform, Battle Stake, to obtain higher APYs.
Given its pre-sale status for the next 90 days and all of these features, Battle Infinity is among the best cryptocurrencies to buy right now. Visit the project’s official Telegram group to learn more about it and potential investors.
3. BASIC ATTENTION TOKEN (BAT)
Market capitalization: $512M
Official website: basicattentiontoken.org
Basic Attention Token, or BAT, was first introduced in May 2017—more than 5 years ago. With BAT being listed among the top 100 cryptocurrencies by market cap, it is a fairly well-established project in the cryptocurrency space.
A DeFi coin called Basic Attention Token seeks to address a specific and well-known need. Additionally, it is constructed using the Ethereum blockchain.
A few of the issues affecting the advertising industry include user abuse, an overabundance of trackers, and advertiser fraud, all of which result in a bloated user experience and slow load times.
Therefore, the Basic Attention Token was created by Brave Software as part of its goal to redefine and alter how the internet gathers data, presents advertisements, and treats users.
The price of Basic Attention Token is currently $0.646, which is significantly less than its all-time high price of $1.92 reached in November 2021.
As a result, Basic Attention Token is currently marked down significantly. According to market analysts, this cryptocurrency, which is currently trading for less than $1, could reach highs of over $3.30 by 2025. If predictions come true, investing now could result in gains of almost 300%.
4. TRON (TRX)
Market capitalization: $5.58B
Official website: tron.network
One of the most well-known crypto asset in the world, Tron has been around since 2017. If you’re looking for a less volatile, more stable penny cryptocurrency, Tron is a great choice. Smart contracts can be run on this blockchain-based operating system, allowing programmers to build decentralized applications (dApps).
The main objective of Tron is to connect users and content providers for peer-to-peer transactions. The business’s acquisition of the file-sharing service BitTorrent in 2018 was a significant step in that direction. 2,000 transactions can be processed per second on the platform. As a result, Tron’s performance is now on par with that of significant payment processors like PayPal.
Best of all, there are no transaction fees with Tron. Tron’s all-time low in terms of price movement occurred in September 2017 when it dropped to $0.001. In contrast, the token’s highest price to date was $0.30 in January 2018. As we mentioned, Tron is less volatile than other cheap crypto tokens.
At the time of writing, Tron has a market capitalization of almost $7.5 billion, placing it among the top 25 most valuable cryptocurrencies. Due to its high supply, it is still a cryptocurrency priced under $1. (currently a 92 billion circulating supply). In recent years, its price has typically ranged between $0.05 and $0.15. According to some market analysts, Tron could reach $0.30 by 2025.
5. Cronos (CRO)
Market capitalization: $3.047B
Official website: crypto.com
Cronos, or CRO, is the main cryptocurrency of the crypto.com exchange. CRO is intended to supplement the ecosystem by allowing users to opt into various tiers of perks within the Crypto.com ecosystem. CRO will someday have its own dedicated blockchain, but for now, it is an ERC20 token on the Ethereum Blockchain. Crypto.com is known for making small but continuous steps forward.
The first benefit is the 10-14% APY for staking the CRO token on the Crypto.com Exchange. The second benefit of staking your CRO is that you have access to the Crypto.com syndicate events in addition to earning 10-14% APY.
The syndicate is a weekly event in which Crypto.com allows consumers to purchase cryptocurrency at a reduced price, usually 50% off. The third benefit is the exchange’s graded reductions in trading fees. You pay fewer fees if you stake more CRO.
The disadvantages of CRO arise entirely from its inception as a project. New projects typically have minimal liquidity, a restricted use case, and insufficient technology. CRO falls into these areas. It is too soon to say whether CRO will carve itself a niche in the larger cryptocurrency industry. The most significant disadvantage of CRO is that only one-fifth of the total supply is now in use.
6. STELLAR (XLM)
Market capitalization: $2.8B
Official website: stellar.org
In July 2014, Stellar was introduced as an open-source payment network. Around 1,000 and 5,000 transactions can be handled by the platform each second. The Stellar team has a clear road map that calls for increasing network participation, innovation, and scalability.
The Stellar network differs from other blockchain initiatives in that every transaction, regardless of size, costs exactly 0.00001 XLM. Stellar transactions are incredibly affordable given that XLM is a cheap cryptocurrency that costs less than a dollar.
Cheaper transactions will be required as cryptocurrencies become more widely used. And one of the best candidates for addressing that need is Stellar, given its sound technological foundation and relatively strong.
In January 2018, Stellar Lumens reached an all-time high of $0.93, just missing the $1 threshold. It is currently trading for $0.1812. Stellar Lumens has a market cap of more than $4.4 billion, placing it among the top ten cryptocurrencies despite its somewhat low price. Investors will feel confident after reading that, and XLM will be a strong contender to travel to the Moon soon.
7. REN (REN)
Market capitalization: $98.2M
Official website: renproject.io
By experts in IT and cryptocurrencies, Ren was introduced in 2017. It is an Ethereum token with an open protocol that enables the free movement of any cryptocurrency token between blockchains. Developers can now incorporate tokens made on different blockchains into their applications thanks to this.
Ren was one of the first cryptocurrency allowing users to trade across various blockchain networks, and it is based on the open Ethereum platform protocol. Ren became a highly sought-after asset because of the unprecedented flexibility that this freedom of movement gave users when making investments and conducting business.
It served as the cornerstone of the decentralized financial ecosystem based on multiple blockchains. The Ren network gave users the option of directly exchanging tokens like Bitcoin for the Ethereum network by locking them in smart contracts.
Ren is currently trading at $0.3218, a significant discount from its all-time high of $1.83 in February 2021. Ren’s utility, on the other hand, makes its price prediction very favorable; some experts believe it may hit the $2 mark by the end of 2025. For those who take the chance to purchase it now at this price, that could result in a 200% profit.
It’s always preferable to conduct your own research rather than rely on other people’s opinions, including those of experts, that you find online.
8. FETCH. AI (FET)
Market capitalization: $60M
Official website: fetch.ai
A blockchain-based AI and machine learning platform called Fetch.ai was established in 2017. It offers what it calls “digital twins,” copies that are meant to make things easier for both individual users and business users. Digital twins are also known as autonomous economic agents (AAAs).
This project’s digital twins can assist people with boring tasks like parking and food preparation. Since there is no middleman involved, tasks are essentially completed automatically, preserving your ownership of your own data. Digital twins from Fetch.ai can even be used to create contracts for businesses or advertise in the metaverse.
Fecth.ai is one of the most promising cryptocurrency projects on this list, though it must be said that being new, it doesn’t currently have a significant market cap. Fecth.ai has an all-time high price of $1.19 in terms of performance. Just $350 million is the market capitalization of Fetch.ai as of this writing.
According to some market analysts, Fetch.ai may reach $2 or higher in the next five years, which would represent gains of about 325% for anyone looking to invest right now.
Is Investing in Crypto Under $1 a Good Idea?
The best cryptocurrencies under $1 that we have discussed today are comparable to penny stocks. They can be very volatile and are cheap to buy, but the majority of them are coins with low transaction costs.
Having said that, if you make a wise choice, the best penny cryptocurrencies have a high potential for growth.
The main reasons you might choose to diversify your portfolio with some crypto under $1 are covered in the sections that follow.
The current high volatility of the crypto space and widespread insecurity as a result of various factors make it difficult to choose the best cryptocurrency for under $1. But after everything is said and done, I am sure that Lucky Block will be the best cryptocurrency under $1 to buy in 2022.
Like always, the information in this article is solely my opinion, not financial advice, and is only being made available for educational purposes. By doing so, you acknowledge that the information is not intended to serve as investment advice or financial guidance. Before making any investment decisions, be sure to do your own research and consult with financial advisors.
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