Top 5 promising altcoins under $1
The cryptocurrency market in 2022 had to go through a lot of trials. The market correction that came after the parade of historical highs has grown into a full-fledged crypto winter. The collapse of the Terra ecosystem and the FTX exchange, as well as the bankruptcy of several major creditors, added fuel to the fire. Over the past months of 2023, there has been a tendency for the market to change from a bearish trend to a bullish one, most digital assets have not yet recovered after a deep fall.
Despite this, strong teams, large investment funds still stand behind many projects, and these projects fundamentally still have good potential. Of course, it is also worth tracking the ETH to BTC exchange rate to determine the best purchase price for the purpose of diversification, but it may make sense to add other coins to your investment portfolio.
Polygon (MATIC)
The Polygon network is one of the best known and best layer 2 solutions for Ethereum scaling. The project survived a very difficult year for the entire industry with dignity, largely due to the activity of developers and numerous partnerships. The native token of the MATIC project has been trading in a relatively narrow range for several months, which indicates a uniform investor demand. A stable level of confidence in a bear market is priceless, it testifies to the real value of the project. The historical maximum price was recorded in the fall of 2021 at $2.92, the current price is about $0.85.
Cardano (ADA)
The Cardano blockchain is one of the first projects that set itself the goal of surpassing Ethereum. At the same time, the team works very thoughtfully, without undue haste. It is a really reliable and fast network with low fees and more and more applications are being deployed based on Cardano. The native token of the ADA project also became one of the stars of the fall altcoin season 2021 and reached an all-time high of $3.09. Many traders and investors have made good money on the growth of the asset. As of today, the coin is trading around the $0.37 level and it is possible that this is a good opportunity to convert ETH to ADA before starting a new cycle.
Ripple (XRP)
Ripple is one of the veterans in the cryptocurrency market: the project has existed since 2012 and has experienced many ups and downs. The company offers an alternative to the international system for transferring information and payments between banks - SWIFT. Transfers and settlements in the network are carried out using the native cryptocurrency XRP.
The project is currently at the center of a legal dispute with the US Securities and Exchange Commission (SEC). Leading industry players are confident that Ripple will emerge victorious from it. This victory is important and necessary not only for Ripple, but is of great importance for the cryptocurrency market as a whole.
The all-time high was recorded at $3.40, but the current modest price of around $0.43 is a good time to buy.
Audius (AUDIO)
AUDIO is the official cryptocurrency of the Audius music streaming platform. It serves to manage the platform, access its functionality and ensure security. Audius is a relatively young project that operates on the basis of the Solana blockchain. It uses blockchain technology to enable direct interaction between musicians and their fans and eliminate middlemen. Against the background of the growing interest of members of the crypto community in new ways of monetizing content and integrating Web3 solutions, the AUDIO cryptocurrency has the potential for significant growth.
The historical maximum is $4.95, at the moment the token is trading at a price of about $0.24
Curve (CRV)
Curve Finance is a decentralized exchange (DEX) with an innovative automatic market maker technology designed to efficiently trade stablecoins. This platform was launched in 2020 based on the Ethereum blockchain. It is one of the leading DeFi protocols in terms of funds locked in smart contracts (TVL) and number of active users, second only to Uniswap.
The growing interest of users in decentralized protocols can be a favorable factor for Curve and positively affect the price of the CRV token.
The historical maximum was fixed at $15.37. Now the coin is trading at a price close to $0.80.