If you are looking to invest in crypto but do not have the capital to go after higher-priced cryptos such as Bitcoin or Ethereum, know that there are plenty of cheap alternatives that are promising investments.
In today’s article we will be looking at some of the best altcoins under $1 in which you can invest in 2019:
Ripple has slowly climbed up the ranks towards its second position by market cap, following after Bitcoin. The XRP coin was designed for a different purpose compared to other cryptos, its platform aiming for large financial institutions instead of individual user.
The XRP cryptocurrency enables cross-border transactions, making them cheap and instant. The Ripple company has a long list of partnerships with many prominent banks and payment services from all over the world.
While XRP is not likely to see any impressive growths which might propel it to the $100 mark, it does have the potential of hitting the $1 threshold sometime in the near future.
XRP is currently capped at $12,794,642,239 and is traded at $0.310489.
Stellar is a cryptocurrency created to facilitate cross-border payments, but unlike XRP, it focuses on individual users. Stellar has a processing fee of just one cent for 600,000 transactions. Also, the processing speed is of 5 seconds.
Its proprietary Stellar Consensus Protocol handles the crypto’s block generation process, which is far less energy intensive compared to Bitcoin’s Proof of Work protocol. The project already has garnered some high-profile partnerships, such as IBM, and it is backed up by many corporate investors.
Even though it has a sizeable market cap of $1.53 Billion USD, the XLM crypto is trading under the 1-dollar mark for $0.080309 USD. XLM is currently ranked 9th according to CoinMarketCap.
Tron is a blockchain-based platform focused on content-sharing, allowing the free creation and distribution of online content without having to rely on third-party use. Tron is also the new owner of BitTorrent, which will be used later on to create safe decentralized torrenting options.
The platform also launched its own MainNet last year and its TPOS algorithm enables it to process transactions much faster than Ethereum. Its bandwidth-based mode in transfer incurs incredibly low fees for its network operations.
TRX is capped at $1,608,353,771 USD, ranking as 8th crypto on CoinMarketCap. At the time of writing, 1 TRX is valued at $0.024120 USD, making it an affordable investment for tight-budgeted investors.
Cardano is a smart contract platform for running dApps which works similarly to Ethereum but features a layered architecture for added security. It claims to be the first blockchain project to be based on scientific peer-reviewed academic research.
Its unique system runs the ADA exchange on a separate layer from the one which runs its smart contracts. The project has had its development and funding since 2015 by IOHK, Input-Output Hong Kong, and Emurgo, a Japanese company.
The ADA coin is currently ranked as 12th, with a market cap of $1,116,266,655 USD, being traded at a price of $0.043054 USD.
IOTA cryptocurrency is a project which focuses on the Internet of Things use. What makes IOTA unique is that it doesn’t actually use a blockchain like other cryptos, instead of relying on a novel system architecture called Tangle.
IOTA’s Tangle is a directed acyclic graph (DAG) which is used to maintain the ledger and distribute the MIOTA coin. This unique system comes with solutions to problems that are plaguing many blockchains today, such as scalability and high transaction fees. The platform has a system in which the higher the number of users is, the faster their transaction speed becomes. IOTA also has many applications and use cases in various sectors.
Seeing as the number of Internet-connected devices is expected to explode in the next two years or so, IOTA presents a lot of potentials. MIOTA is capped at $790,162,930 USD, with a current trading price of $0.284279 USD, holding the 14th position.
NEM is a smart contract environment which can be used for creating other platforms and applications for corporate use. The project is different from other dApp platforms by employing a harvesting system instead of mining and using a proof-of-importance protocol to establish who will mine the following block.
NEM transactions have fast confirmation times, high scalability, and very low network fees. It should also be noted that it uses considerably less power than BTC to run a node or harvest.
NEM is currently being traded at $0.041765 USD, with a market cap of $375,886,975 USD, thus placing it in 19th position.
Tezos is a blockchain platform created to serve as a permissionless, distributed, and peer-to-peer network designed for smart contract deployment. While it does have a similar idea to Ethereum and other dApp platforms, the difference is that its stakeholders have control over the protocol.
This On-Chain governance lets stakeholders decide on which upgrades and implementations will take place on the network.
XTZ, or Tezzies, are capped at $266,172,907 USD, 1 XTZ being priced at $0.438153 USD, which places it in 21st position.
This has been our list of the top altcoins that have a price of under $1 which have great investment potential for this year.