Cryptocurrencies Under 1 Dollar That Will Make You a Millionaire

cryptocurrency
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Cryptocurrencies are a new form of digital currency that uses cryptography to secure their transactions and to control the creation of new units.

They are decentralized, which means they are not subject to any government or financial institution. Bitcoin, the first and most well-known cryptocurrency, was created in 2009 and is currently valued at $37,770.

bitcoin

Cryptocurrencies have seen a recent surge in value as investors seek alternatives to traditional currency investments. While the market for cryptocurrencies is still relatively small, there are many currencies with a market cap under $1 million that could see significant growth in the coming years.

If you are planning to invest but don’t want to put too much money at risk, here are cryptocurrencies under $1 that have the potential to yield high returns.

1. Dogecoin ($0.14/coin)

Dogecoin is currently priced at $0.14 per coin. While there have been some issues with the currency being used for illicit purposes, Dogecoin has built a strong community that is very supportive of the unique branding used by the coin. The unique branding efforts have been paying off as well.

dogecoin

Recently Tesla and Elon Musk have announced that you can purchase their merchandise directly from their official website using Dogecoin. This has made Dogecoin investors very happy since the announcement.

The future of this cryptocurrency looks bright and it has a market cap value of around $20 million, which is good for a relatively new coin.

The low price of Dogecoin makes it an excellent entry point for those looking to invest in cryptocurrencies. You can purchase a relatively large number of coins compared to other cryptocurrencies.

2. XRP ($0.64/coin)

Ripple is a blockchain protocol that allows for faster cross-border transactions compared to traditional protocols. Ripple works by allowing each financial institution to act as a middleman for transactions, which gives them more control over foreign exchange rates and fees.

ripple

Large financial institutions like American Express, UBS, and Santander have adopted the technology. These institutions are using Ripple payment technology to settle transactions between foreign banks

Individual investors can purchase XRP coins from various exchanges. The coin has performed well over the past month, gaining 36% in value. With a market cap of around $28 million, it’s not too late to buy into this cryptocurrency that is expected to grow further in the coming months.

3. Stellar ($0.20/coin)

XLM or Stellar was originally based on Ripple’s blockchain protocol, but it has since gone through several redesigns to become a distinct cryptocurrency. Stellar works by allowing users to quickly send money directly to other individuals or financial institutions around the world.

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Since Stellar is also designed for cross-border transactions, it could potentially have a lot of demand in the future. The low price of XLM makes it an excellent entry point for investors looking to diversify their cryptocurrency investments.

It was founded back in 2014 and currently has a market cap of just over $5 billion. Stellar has performed well in the past and may continue to gain momentum in the future. So if you are planning to diversify your portfolio, Stellar is one cryptocurrency that you should consider buying.

4. NXT ($0.0093/coin)

NXT is a blockchain platform that uses several key technologies from other cryptocurrencies like Bitcoin and Ethereum. However, it has been completely rewritten from scratch to provide businesses with the latest cryptocurrency technology.

NXT provides investors with an easy way to buy coins directly on their web platform. NXT can be stored on any of the 8 cryptocurrency exchanges that currently support this currency.

The market cap value of NXT is around $12 million, which makes it an excellent entry point for those looking to invest in cryptocurrencies. At such a low price per coin, you can purchase a large number of coins and expect them to perform well in the future.

5. ICON ($0.74/coin)

ICON or ICX is a relatively new coin. It was founded back in 2017 by Icon Foundation in South Korea. ICX coins are the cryptocurrency tokens used by ICON.

They can be stored on all major wallets and traded on most exchanges. Given that it is a new coin with features very distinct from any other cryptocurrencies, ICON has the potential to grow significantly in the coming months.

If you are looking for new coins to invest in below $1, ICON can be an excellent choice. The market cap of this cryptocurrency is around $26 million at the time of writing. It has performed well over the past month gaining 61% in value.

6. IOTA ($0.87)

IOTA is a new project that aims to improve on some of the technical limitations of existing blockchain technologies. The IOTA protocol uses encrypted algorithms and directed acyclic graphs (DAG) to enable free peer-to-peer transactions between devices connected to its network.

crypto coins

It has a market cap of $2.5 billion and is priced at around $0.87 per coin. You can purchase IOTA coins directly through the official website, but it is also available on most cryptocurrency exchanges like Bitfinex and Coinone. This would be one of the top cryptocurrencies under $1 that you should consider buying.

7. Algorand ($0.85/coin)

Algorand uses a brand new consensus protocol that offers better speed and security than other blockchains. This cryptocurrency is based around the P2P economy.

Developers can use Algorand’s platform for creating their decentralized apps, as well as merchants who want to create intense loyalty programs for their customers.

The market cap of Algorand is around $257 million at the time of writing. The price of one Algorand coin is just under $0.85, which makes it a great option for investors looking to purchase cryptocurrencies below $1.

So there you have it! 7 cryptocurrencies under a dollar that you should consider buying. The price of these coins will likely increase significantly over the coming months, but still, you will be putting your money on unknown cryptocurrency projects.

Therefore, make sure to do your research and read up as much as you can about each of these cryptocurrencies before making a choice.

Good luck and happy investing!

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