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8 Top Cryptocurrencies Under $1 To Invest In 2022-2023

8 Top cryptocurrencies under $1 to invest in 2022-2023
Author: Rakshita Jain
10-Nov-2022

A big misunderstanding among the non-crypto heads is that investing in cryptocurrencies requires massive money. But what if we tell you; that you can get many profitable cryptocurrencies for even less than $1?

And not only do these cryptocurrencies have a price of as low as $1, but they have also given profits as high as Bitcoin and many other popular cryptocurrencies.

Exciting, right?
So let’s know the cryptocurrencies that can make your fortune.

Here is the list of the top 8 cryptocurrencies under $1 that you must not miss:

DECENTRALAND (MANA)

Play-to-Earn games have been the talk of the town these days, and Decentraland is exactly that. It is a 3D virtual reality platform where you can buy and sell its land/plots and use them to create content to earn passive income. MANA is the native token of Decentraland that users pay for goods and services in this virtual platform. The surge in the development of Metaverse and ever-increasing collaborations of Decentraland with leading brands like Tommy Hilfiger, Samsung, Coca-cola, etc., makes MANA an investment-worthy currency.

MANA has a maximum supply of 2.6 Billion, from which 1.86 Billion are in circulation. The trading journey of the MANA token started at $0.02. It hit the $5.90 ATH on 25th November 2021 and is trading at $0.63 at the time of writing.

DOGECOIN (DOGE)

There was a time when meme coins were considered a Ponzi scheme. But they have surprised everyone in this bearish year with their better performance than many cryptocurrencies. Dogecoin is the most famous meme coin, with a market cap of 15.2 billion at the time of writing. Though its developers created DOGE as a joke in 2013, it got immense support from Elon Musk.

Musk started openly supporting Dogecoin in 2019 to support the less well-off section of Dogecoin investors. After he became the self-proclaimed godfather of this meme coin, it exhibited unusual price surges at times. Recently, when Elon musk bought Twitter, Dogecoin rallied over 145% within a week. Multiple big companies like Tesla, Twitch, and Sling TV already accept payments in Dogecoin, and many more are planning to do so soon. Dogecoin does not have any maximum supply limit.

SAFE MOON (SAFEMOON)

Those who know the power of Decentralization understand that DeFi platforms and tokens are the next big thing. One such new Defi token is Safemoon, launched in 2021. This token is developed to encourage its holding by creating incentives for its holders. SAFEMOON also imposes a 10% tax on every selling transaction of SAFEMOON for the same purpose.

An important thing to know about this cryptocurrency is that it is available on limited crypto exchanges like the Flitpay app. The supply limit of SAFMOON is 1000 Trillion.

TRON (TRX)

Tronix, or TRX, is the native cryptocurrency of Tron, which is a blockchain-based online content-sharing platform. It facilitates developers to create autonomous applications for themselves that can operate without any intermediaries. This way, Tron helps to decentralize the internet with its blockchain technology. And since the decentralized internet is considered the most exciting part of the upcoming years, TRON can be a game-changer investment.

An interesting fact about TRON is its innovative consensus mechanism called Delegated Proof of Stake (DPoS). It is an extended version of the Proof of Stake consensus mechanism used by popular altcoins like Ethereum and Solana. The total supply of TRX is over 100 billion tokens, of which around 71.6 billion are in circulation at the time of writing. Its market cap will be around $5.7 billion by October end of 2022.

CARDANO (ADA)

Cardano (ADA) is a sustainable cryptocurrency having an environment-friendly PoS (Proof-of-Stake) mechanism. The blockchain of Cardano is divided into two layers to make it capable of completing around million transactions every second. The ADA token acts as the platform currency like Ethereum (ETH) to pay the transaction fee and for staking to earn rewards on the Cardano network. The maximum supply of ADA is 45 billion tokens.

Crypto enthusiasts often compare Cardano with Ethereum and call Cardano a possible Ethereum killer because of their similar offerings, like dApp development and smart contracts. However, while Ethereum does not have a maximum supply, Cardano has a total supply limit which gives it an edge over the deflationary principle.

STELLAR (XLM)

The next up on this list is Steller or XLM. Stellar has a decentralized blockchain network that facilitates the quicker and lower-cost transfer of funds for its users. XLM is the native cryptocurrency of the Stellar network that can be used for paying transaction fees and rewarding users for verifying network transactions. The ability of the stellar network to complete cross-border transactions in seconds makes it an extremely appealing asset to invest money in. Also, it has partnered with IBM to establish a universal payment solution. The success of this project may elevate the value of XLM in the upcoming time.

The maximum supply of XLM is 50 billion, with around 25.7 billion XLM in circulation.

FLOKI INU (FLOKI)

Floki is a token built on the Ethereum blockchain and aims to become the most used cryptocurrency. When Elon Musk tweeted that he would name his pet Shiba Inu “Floki”, it led to the development of the Floki coin and community in 2021. A key highlight of this coin is that it combines utility in a meme coin. An NFT metaverse game, a university crypto education platform, and a DeFi are some most crucial utility platforms for FLOKI. It has a maximum supply of 10 trillion tokens.

Since Floki is one of the few meme coins with utility platforms, it can be a good crypto investment at a low price. Like Safemoon, Floki is also available on limited crypto exchanges. You can buy or sell it through the Quick Buy and Sell section of the Flitpay app.

BASIC ATTENTION TOKEN (BAT)

BAT is the last cryptocurrency in our list of top 8 cryptocurrencies under $1. It powers a blockchain-based advertising platform that rewards its users for their attention and pays advertisers a better return on their spent money on ads. BAT had one of the most sold-out ICO offerings in 2017, when it collected $35 million in a minute.

BAT has a maximum supply of only 1.5 billion. Its performance and popularity are better than any of its competitors. Therefore, diversifying your investment portfolio could be an intelligent low-budget option.

Conclusion

Making a profit in the crypto market is an art that does not necessarily require a lot of money. This market is a beginning and continuously thriving place where exciting crypto projects keep entering. If you invest in a fundamentally strong cryptocurrency, you can establish a profitable portfolio even by investing in coins under $1.

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