The success of Bitcoins in the cryptocurrency market led to the introduction of several altcoins. Altcoins are, essentially, “alternative coins,” introduced in the peer-to-peer digital currency market to deal with the shortcomings of Bitcoin. Even though none of them could beat Bitcoin yet, there are hundreds of altcoins out there which have brought in some unique functionality or the other.
If you are planning to make some investments in the virtual currency market, but are afraid of losing all your life-savings to the volatility of Bitcoins, why not start small? Yes, some altcoins cost less than 1 Dollar, saving you from the stress of putting a lot on stake and giving you good chances of making a fortune.
However, you need to undertake a very thorough research before purchasing penny altcoins as not all of them guarantee return on investments. Moreover, there are some altcoins which used to be a part of the market earlier but failed to strive in all the stress. Therefore, we would advise you to study the market cap of a currency carefully before making an investment.
Here are our top picks of cryptocurrencies under $1 which we have identified through intense research.
The first ever security audit protocol created for tracing the security loopholes that had bugged the Ethereum Smart Contracts. It protects the cryptocoins and blockchains from the fear of being attacked by the hackers.
Even though the prices are low now, QuantStamp keeps on AirDropping more coins for investors. Now, that is probably because they are anticipating benefits in future.
- Ardor (ARDR)
Known as the “business magnet” of the market, most businesses want to invest in Ardor because it runs on a Blockchain as a Service (BaaS) business model. It is working towards providing businesses an opportunity to implement Blockchains into operations. Therefore, you never know when this altcoin boosts in value. So, keep an eye on it.
- NEM (XEM)
If you are looking for some valuable additions to your investment portfolio, adding New Economy Movement’s XEM would be a smart choice. They are involved in providing businesses a platform to build decentralized applications (DAPPS).
- Ravencoin (RVN)
If it is fantasy and fiction that is missing from your investment portfolio, then RVN is the coin for you. It is inspired from the message-bearing Ravens in the popular fantasy series- Game of Thrones. These “ravens” here carry the statement of truth about who owns what and if you look at the big names that are associated with these coins, you will realize their potential for success.
- BitTorrent (BTT)
Quite old and popular cryptocurrency, BitTorrent enjoys its hold over 22% of the upstream traffic in the market. More than 100 million users, from across 138 countries are involved in the transaction of BitTorrents today. It is the highly connected network between the developers and audiences to perform transactions easily. Also, since BitTorrent and Tron (TRNX) are entering into a venture together soon, one can only imagine the extent of their growth if everything works out well.
According to our research, these currencies are quite likely to be in an advantageous position in the bull-run that is soon expected to hit the market. Then again, it is the crypto market that will make the final call. So, mine your share of virtual money only after studying the market carefully.