Most attention is given to mainstream coins like Bitcoin and Ethereum in the crypto market. But did you know there are crypto tokens that go for less than a dollar? Yes, several of them can be profitable if you get a lucky bull run or be patient.
Bitcoin went from having a value of $0.0025 in 2010 when Laszlo Hanyecz bought two pizzas for 10,000 bitcoins to recently passing the $100,000 mark. The cryptos we’ll discuss below might go for less than a dollar now, but who knows? The markets are constantly changing, and they might be the next Bitcoin. Some tokens rank among the top 10 cryptocurrencies, and others are pretty popular.
Dogecoin
Let’s start with the most popular coin on the list, Dogecoin. What began as a joke currency and meme coin now has a market capitalization of more than $37 billion. Dogecoin was created by Billy Markus and Jackson Palmer in 2013 as a fun cryptocurrency different from mainstream tokens.
Soon after it was launched, crypto enthusiasts found it funny and interesting and created a vibrant community. Influential people like Elon Musk jumped on the hype, and he would tweet and comment about the token increasing its price. Dogecoin has had the highest price of $0.7316 and the lowest price of $0.0000869.
Cardano
Cardano was founded by Charles Hoskinson, one of the founders of Ethereum, in 2015. The crypto uses a proof-of-stake blockchain network that supports smart contracts and decentralized applications (dApps). Its unique proof-of-stake system, Ouroboros, verifies transactions by dividing chains into epochs and time slots.
Cardano’s native token is ADA, named after the first computer programmer, Ada Lovelace. With a market cap of over $28 billion and currently ranking among the top 10 cryptocurrencies, according to CoinmarketCap, Cardano has a lot of potential. The token is presently valued at less than a dollar, but in 2021, it hit its highest price of $3.09.
Tron
Tron is similar to Ethereum as it advocates for a decentralized internet and its infrastructure. Founded in 2017 by the Tron Foundation based in Singapore, the token raised $70 million in its initial coin offering (ICO) before it was launched.
Through its smart contract platform, Tron offers high scalability and throughput for dApps in the Tron ecosystem. The token has a solid reputation and is less volatile than other cryptocurrencies, which is why it has many applications. For example, Alternative Airlines lets you buy airline tickets for over 600 airlines worldwide using Tron tokens. Coinsbee, a Germany-based gift card platform, allows customers to purchase vouchers for Amazon, Netflix, Apple, and eBay using Tron.
Gaming sites like crypto casinos support Tron’s native token, Tronix (TRX). You can deposit using the token and enjoy casino games like slots and roulette. You also can withdraw using the same currency. If you are a fan of crypto and casino gaming, there are many platforms where you can play slots online using cryptocurrencies like Tron and Bitcoin.
Stellar
Stellar was co-founded by Jed McCaleb and Joyce Kim back in 2014. Jed McCaleb was a co-founder of Ripple and founder of Mt. Gox. What sets Stellar apart from other cryptocurrencies is the interoperability platform that allows it to connect to different blockchains and networks.
Its token, XLM, currently goes for less than a dollar and had its highest price of $0.8756 in 2018. Its lowest price ever was $0.0004761, as recorded in March 2015. Stellar has a market capitalization of over $10 billion and ranks among the top 20 cryptocurrencies.
Conclusion
These are some of the top cryptocurrencies you can buy with less than a dollar and have a solid reputation. Many scam cryptos that enter the market usually have a low buying price to entice people to purchase, inflate their prices, and then cash out.
Always research and ensure the crypto you want to buy, even though cheap, operates professionally, and serious developers and community back its value.
Market Maestro: With an uncanny ability to predict the ups and downs of the crypto market, Jordan is our go-to for all things investment. Just don’t ask him for lottery numbers; he says it’s a different kind of prediction magic.
