As the crypto market booms and busts, there are always new opportunities for bargain seekers. For those looking for the best deals, here is a list of the top 5 cryptos under $1 right now: DigiToads (TOADS), Algorand (ALGO), Cronos (CRO), Cardano (ADA), Polygon (MATIC). Let’s look at these coins and what makes them an excellent investment.
DigiToads (TOADS)
DigiToads is another meme coin and a unique and innovative play-to-earn token focusing on community and charity. At its core is a web3 game powered by its native token, TOADS, which can be used to buy in-game items and TOAD NFTs.
These NFTs are not just collectibles; they serve as digital pets in the game that players can train, combat and compete with to earn rewards. What’s more, the top 25% of players get a share of the prize fund, which is raised from in-game sales, and those who don’t rank in the top 25% still receive prizes of 10% of this fund.
DigiToads’ presale price is currently set at $0.01, which will reach $0.055 by the time of the launch. This means an overall 450% price surge for the earliest backers, proving once again that Lower-cap projects have the biggest growth potential.
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Algorand (ALGO)
There are numerous blockchains, all of which boast of being efficient and secure. Nonetheless, Algorand promotes itself as “the greenest blockchain.” So, it is a very sustainable and environmentally sensitive blockchain, a unique trait.
This is achieved using Algorand’s implementation of a purely proof-of-stake protocol. In contrast to Bitcoin’s proof of work, this solution does not necessitate time-consuming computations or significant energy consumption. With PPoS, users can validate transactions with as little as a single ALGO token staked, making the validation process fairer.
At the time of writing, ALGO was trading at $0.24, making it an exciting under $1 investment option.
Cronos (CRO)
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Crypto.com is a digital asset trading and financial services platform, and its native cryptocurrency is called Cronos. It is an open-source blockchain that primarily benefits Crypto.com’s service users.
With CRO, you can earn benefits like cashback on purchases and gift vouchers. Another option is to stake your CRO and receive interest of 10-12% annually. Recently, the site introduced “Cronos Chain,” an Ethereum-compatible blockchain designed to operate in parallel with the primary blockchain.
At the time of writing, CRO is trading at around $0.06 and is worth keeping an eye on.
Cardano (ADA)
Cardano (ADA) first appeared in 2017 to enact change on a large scale. Cardano was one of the first major platforms to use proof-of-stake consensus rather than the more common proof-of-work method.
The evolution of the project is what gives it its special value. New technologies can be included because they’re trendy; they have to go through rigorous academic study and be approved by experts in the field beforehand. With this in place, the blockchain can be trusted and run as effectively as possible.
At the time of writing, one ADA token costs around $0.3, an ideal buy-dip opportunity for this revolutionary project.
Polygon (MATIC)
Polygon addresses the need for Ethereum to scale at the layer-2 level. It was developed on top of the Ethereum blockchain to solve problems with that network, such as its high fees and congestion.
Polygon achieves this by spawning several secondary blockchains, or “sidechains,” that operate in tandem with the primary one. After that, it uses advanced techniques like optimistic rollups and zkRollups to group transactions before submitting them to the main Ethereum blockchain. Compared to Ethereum’s 15 transactions per second, Polygon can now process nearly 65,000 per second.
At the time of writing, one MATIC share was selling for $0.86, meaning it’s perfect timing to add it to your portfolio and expect a rise in the future.
Final Thoughts
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If you’re an investor seeking a low-risk, low-price investment, any of these five cryptocurrencies might be a good fit. Each one advertises cutting-edge innovations and promising new features at a bargain price.
As 2021’s bull run has proven, cryptocurrencies can bring very high returns on investment, and these five cryptos under $1 are a perfect chance to take advantage of the digital asset market.
