The veritable flood of cryptocurrencies in the last several years has left many investors scratching their heads about how to recognize which ones are the real deal. With so many new coins on the market, it can be easy to make a mistake and buy something worthless, especially if you try to go off the beaten path and look for something else than bitcoin or Ethereum.
Some of these penny cryptos offer excellent investment opportunities but deciding which ones can be a daunting task. To help you with that decision, we have created a detailed guide on the best crypto under $1 dollar in 2022 you should consider buying.
Here is a quick overview of the best cryptocurrency under $1 to buy in 2022 to give you a quick glance at cheap cryptos we feel represent a good investment. Below you will find a detailed breakdown of each token and its strong and weak points.
1. Battle Infinity (iBAT)– The Best New Cryptocurrency to Buy Under $1 Dollar
2. Lucky Block (LBLOCK) – Best Choice for Cryptocurrency Under $1 Dollar
3. Dogecoin (DOGE) – The Best Meme Cryptocurrency Under $1 Dollar
4. Hedera (HBAR) – The Best Distributed Ledger Technology Cryptocurrency Under $1 Dollar
5. Basic Attention Token (BAT) – The Best Cryptocurrency Under $1 Dollar for Long-Term Investment
6. VeChain (VET) – The Best Ethical Cryptocurrency Under $1 Dollar
7. Ren (REN) – A Cryptocurrency Under $1 Dollar with The Most Potential
8. Shiba Inu (SHIB) – The Best Dogecoin Competitor for Under $1 Dollar
9. Stellar Lumens (XLM) – The Best Established Cryptocurrency Under $1 Dollar
10. BitTorrent (BTTOLD) – The Best Cryptocurrency Under $1 Dollar for Torrent Users
11. Orchid (OXT) – The Best VPN Cryptocurrency Under $1 Dollar
Battle Infinity is one of the most recent and promising cryptocurrencies to invest in.
The Battle Infinity platform combines gaming, the metaverse, and blockchain to provide a completely decentralized experience in which players and creators have direct ownership of their in-game goods in a completely open and impenetrable ecosystem.
Battle Infinity users have a completely safe and unrestricted immersive experience. The platform ecosystem for the Battle infinite game consists of six distinct items that are effective, practical, and simple to use.
All these features make Battle Infinity one of the best cryptos to buy right now, as it's on presale in the next 90 days. Prospective investors can learn more about it by visiting the project's official Telegram group.
The process is slightly different from buying other cryptocurrencies. Finally, the pre-sale is handled directly by the publisher, on the pre-sale platform specially created for this purpose. Experience has shown that with the following steps you have IBAT tokens in your wallet in less than 10 minutes.
First, the crypto investors visit the Battle Infinity pre-sale page. Here the crucial windows open immediately.
The IBAT Coin is designed as a BEP-20 token and runs on the Binance Smart Chain. This means that one must own Binance Coin in order to buy IBAT. If you have this in your wallet, you can proceed directly. On the other hand, one should first buy BNB – for example via the online broker eToro, which does not charge any commission and allows a crypto purchase in less than 10 minutes.
The next step is to connect the wallet to Battle Infinity. This is possible with the Metamask Wallet or the Walletconnect function. It is important that the corresponding wallets have been switched to the Binance Smart Chain.
Now select the desired amount of IBAT. You can see directly how many Binance Coins are required. For example, if you want 250,000 IBAT tokens, you have to invest around 1.5 BNB. One last click on "Buy IBAT" and the purchase is complete.
One of the biggest projects launched in 2022, Lucky Block aims at transforming the global lottery industry by offering an alternative way of organizing and playing it. Based on Binance Smart Chain, Lucky Block is one of the most ambitious crypto projects we have seen lately and chances are it won't stay long on the list of the best crypto under $1 dollar, as its value will soon break the 1-dollar mark.
Lucky Block aims at introducing some much-needed transparency into the world of lottery, simplifying the process and ensuring that everyone can verify the results of the draw. The draw will be done via a proprietary blockchain algorithm, providing transparency and guaranteeing fair play. Combined with easy access for players, regardless of the part of the world they hail from, this approach will make the global lottery a far more tempting proposal for millions of people.
Trading at $0.0017. Lucky Block is severely undervalued and far from its all-time high price of $0.009. That is why now is the perfect time to grab some and hold them until the market value reaches its true potential.
Dogecoin is today a far cry from its glory days when Elon Musk tweeted about it obsessively and everyone was convinced that this meme crypto will become a new bitcoin. Still, just a name recognition value of Dogecoin ensures that it will still play a significant role in the market, even if it never again reaches its all-time high of $0.73.
Today, Dogecoin is trading at $0.14 and if you want to catch it on the low swing, now is the perfect opportunity. It is hard to see the price going much lower than this and it would seem that the only way for the infamous token is up.
Distributed ledger technology (DLT) is a new technology that has been making some serious noise in the world of blockchain. Named Hashgraph, it changes the way data is stored, using hashtags instead of blocks while keeping all the advantages of blockchain. Hedera is the first crypto based on DLT, pioneering this new approach. It is the native coin of the Hedera network.
Hedera is trading at $0.1661 at the moment. In September 2021, the coin reached its all-time high price of $0.57. This means it is on the downswing and a great grab for people looking to invest in new technologies on the crypto market.
Basic Attention Token, launched in 2017, is a DeFi token designed to help advertisers properly gauge the effectiveness of their marketing campaigns. This was enough to secure the wide attention of the marketing agencies and ensure that a lot of people are keeping an eye on Basic Attention Token.
Basic Attention Token has a value of $0.646, which is considerably lower than its all-time high of $1.92 last November. Considering some experts put Basic Attention Token price prediction at more than $3 by 2025, it is an excellent choice for a long-term investment.
Originally launched in 2015 on the Ethereum blockchain, VeChain was rebranded in 2018 as a part of its own blockchain ecosystem. Designed to track the movement of physical goods through every step of the supply chain, VeChain tries to ensure the ethical supervision of the entire manufacturing process, providing some much-needed transparency.
VeChain reached an all-time high price of $0.2782 in April 2021. Today, it is trading at $0.050, but its application is affected by the global supply chain issues and will regain some of its value as the situation improves.
Based on the open Ethereum protocol, Ren was one of the first cryptocurrencies allowing users to trade across multiple blockchain networks. This freedom of movement allowed users to have unprecedented flexibility for their investments and transactions, making Ren a highly sought-after asset. It was the foundation of the multiple blockchains decentralized finance ecosystem. By locking tokens like Bitcoin in smart contracts, the Ren network allowed users to exchange them directly for Ethereum.
At the moment, Ren is trading at $0.3218, well below its all-time high price of $1.83 in February 2021. However, Ren's utility makes its price prediction very favorable, with some experts saying that it could reach the $2 mark by the end of 2025. At today's price, that could mean a 200% profit for those who risk buying it now.
Lauded as the "Dogecoin Killer", Shiba Inu is a brainchild of an anonymous group called Ryoshi. Supported by the Shiba Army, a self-titled group of fans, SHIB made a serious attempt of dethroning Dogecoin, a king of meme cryptos in 2021. At its heyday, Shiba Inu was trading at $0.000088, providing an ROI of 1403894.6% for early investors.
Since then, SHIB has fallen dramatically, losing three-quarters of its value. However, there are some indicators hinting at the possible Shiba Inu comeback, which could raise its value significantly. As a meme coin, Shiba Inu doesn't strictly follow the market rules applied to other crypto assets, which makes it a highly volatile investment. Still, it is that volatility that can raise its value suddenly and despite all odds.
The native coin of the Stellar network, XLM is one of the oldest altcoins on our list. Launched in 2014, Stellar was designed as an open-source payment network with the ability to process up to 5,000 transactions per second. Stellar is partnered with IBM on their Hyperledger project, ensuring the long-term viability of both the network and its token.
Stellar Lumens reached its all-time high of $0.93 in January 2018, barely falling short of the $1 mark. Today, it is trading at $0.1812. Despite its somewhat low price, Stellar Lumens has a market cap of more than $4.4 billion, making it a top ten crypto by that metric. That alone is enough to instill confidence in investors and make XLM a prime candidate for going to the Moon in the near future.
The recent piracy comeback, though to be almost exterminated just a few years ago, meant that popular torrents are making a huge comeback. One of the most popular ones is BitTorrent. In an effort to expand its platform's capabilities, the developers decided to launch their own crypto, vastly increasing the scope of the simple file-sharing program. The Token will also serve µTorrent Web, another torrent community.
Currently trading at $0.001767, BitTorrent is an excellent choice for torrent users looking for a penny crypto investment.
The Native token of Orchid, a cryptocurrency-powered virtual private network (VPN), OXT is one of the altcoins that has been largely under the radar. VPNs are slowly but surely becoming a must-have for advanced Internet users, as security and anonymity concerns are growing. With an incorporated cryptocurrency, Orchid represents an ideal choice for many of them.
At the moment, Orchid is trading at $0.2151, a quarter of its all-time high price of $0.8 from April 2021. As the number of Orchid VPN users grow, so will the utility and value of OXT. This bodes for its future price and makes it a great choice for investing in 2022.
Picking the best cryptocurrency under $1 dollar can be tricky due to the high volatility of the crypto market at the moment and global insecurity due to several factors. However, when all is said and done, we are confident in our choice of Lucky Block as the top cryptocurrency under $1 dollar to buy in 2022.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.