Investing in cryptocurrencies can be risky business. The price of the world’s most popular cryptocurrency, Bitcoin, has fluctuated wildly since its inception. According to CoinMarketCap, on February 21, 2010 the price of one Bitcoin was $0.003. On December 17, 2017, the price of one Bitcoin was $19,783.21. That’s a 6,594,900% increase in seven years and nine months. On April 6, 2018, just two and a half months later, it had fallen to $6,914.
According to CoinMarketCap data, the top 25 cryptocurrencies by market capitalization have seen their average value drop by 57% over the past three months. Ethereum is down 67%, Bitcoin Cash has lost 71%, and Ripple XRP has plummeted 80%.
However, this doesn’t mean that every cryptocurrency has suffered losses over the same period. In fact, there are several cryptocurrencies trading at less than one dollar that have actually gained value over the past three months. So let’s take a look at eight cryptocurrencies under $1 that could make you rich – if you invested early enough.
Bitcoin may be the most popular cryptocurrency, but it’s certainly not the only one. In fact, there are more than a thousand to choose from.
Many of these altcoins are under $1 and could be worth huge sums of money one day. In this article, we’ll take a look at eight cryptocurrencies that cost less than $1.
Buying cryptocurrencies under $1 means that they’re very affordable and you can buy a large number of them. This will allow you to make big returns when these coins increase in value over time. However, it’s important to note that many of these altcoins are high-risk investments and should only be used with disposable income that you don’t mind losing.
Cryptocurrencies have been red hot in 2017. Bitcoin is up 739%, Ethereum is up 3,262%, and Litecoin has gained 4,021%. Yet, despite huge gains for many of the top cryptocurrencies, there are still many digital tokens trading for less than a dollar.
In fact, there are more than 1,000 cryptocurrencies trading for less than a dollar right now. Some of these low-priced cryptocurrencies have the potential to be huge gainers if they can solve real problems and build a large enough user base.
Here at Crypto Investing Insider, we’ve identified eight cryptocurrencies that trade for under $1 but have the potential to produce massive returns in the future.
Investors should note that with these digital assets, as well as most cryptocurrencies, past performance is not an indication of future results. Don’t invest in any cryptocurrency thinking it will repeat its past performance.
With that said, let’s take a look at eight promising cryptocurrencies trading for less than $1!
Throughout my tenure in the cryptocurrency market, I’ve researched and tested hundreds of coins. A few of them were worth investing in but most of them were not. One of my biggest mistakes was investing in a coin that I had never even heard of. I thought to myself “this coin is only $1, how bad can it be?”. Well, we all know how that one turned out.
In this article, I will detail the top 8 cryptocurrencies under $1 that are worth investing in. In order to save you time and effort, these are the coins that I am personally invested in. I am not associated with any of these companies, nor do I plan on sharing any personal information about myself so that you don’t become too attached to me as a person (kidding!).
Below are the top 10 cryptocurrencies to invest in:
1. Ethereum (ETH)
2. Ripple (XRP)
3. Litecoin (LTC)
4. Zcash (ZEC)
5. Dash (DASH)
6. Monero (XMR)
7. Bitcoin Cash (BCH)
10. Dogecoin (DOGE)
In this article, I will be focusing on coins that are under $1 and which have the potential to rise in the coming years. I will also share my view on whether these coins have a future in the long-term.
Ripple is one of the most popular cryptocurrencies around and it is currently the third largest cryptocurrency available in the market. Ripple surged more than 36,000% in 2017 and became the second largest cryptocurrency when measured by market cap. At present, ripple is trading at almost $0.90 per coin and has a market cap of more than $35 billion. Ripple is not just a digital currency but also a payment protocol that is designed to transform global payment systems. It uses blockchain technology to connect banks, payment providers and digital asset exchanges which enables people to make cheap and fast transactions across borders. Unlike bitcoin, ripple does not require miners to confirm transactions so energy consumption is much lower than bitcoin and other cryptocurrencies. The low transaction fee makes ripple ideal for small transactions as well.
Ripple was originally created by Ryan Fugger in 2004 but it was later developed by Jed McCaleb and Chris Larsen who launched XRP (ripple’s native currency) in 2012. Since then its value has gone up tremendously despite being one of the most
The internet is the most disruptive invention in the last 500 years, and it is still in its infancy. But the opportunity it offers is huge. As high as $100 trillion USD.
It’s a new world that we are living in. Decentralized, trust-minimized systems like Bitcoin are disrupting our current economic paradigm. And there is a lot of money to be made by being at the forefront of this change.
In 5–10 years, cryptocurrency will be a major force in the global economy.
The question is: What cryptocurrencies to invest in?
Bitcoin is over 10x larger than the next biggest crypto. It has been adopted by major companies like Microsoft, Expedia, and Overstock as a payment method. It has also undergone significant infrastructure development with solutions like Lightning Network and SegWit already implemented and several more upgrades on the way. Bitcoin’s market cap is hovering around $120 billion USD right now and its price has increased 6x since January 2017 alone!
But Bitcoin isn’t everything…