3 Best Cryptos Under $1 to Watch Out in 2022
Bitcoin, Ethereum, and other leading cryptos have run their course and are mostly unaffordable to the average investor. Only a few good cryptos are available for purchase under $1 making it affordable to accumulate them in the short term. In this article, we look at the top 3 best cryptos to watch out for in 2022 that are available for under $1. However, the cheap prices do not guarantee a price rally in the short term but could perform well in the long term.
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3 Best Cryptos Under $1 in 2022
1. Cardano (ADA)
The proof-of-stake blockchain platform Cardano recently upgraded to the Vasil Hard Fork. The deployment increased its network capacity and now runs faster providing low-cost transactions. ADA is currently available for purchase under $1 and its price could surge during the next bull run.
According to recent statistics, nearly 1,100 projects run and operate on the Cardano blockchain. Therefore, ADA has good use cases in the blockchain world and is here to stay in the long run.
At press time, ADA was trading at $0.37 and is up 0.7% in the 24 hours day trade. The crypto is down 88% from its all-time high of $3.09, which it reached in September 2021.
Also Read: Cardano’s Price Hits 22-Month Low: Can ADA Rise From Here?
2. Ripple (XRP)
Ripple is currently embroiled in a legal battle with the SEC and reports state the judgment might come in its favor. XRP is currently available under $1 and is trading at $0.47. If Ripple wins the lawsuit against the SEC, its price could head north and generate handsome returns to present investors.
XRP’s price has mostly been overshadowed by the lawsuit and its prospects could free up once the legal battle is over. The crypto could rally after the outcome comes in its favor and might breach the $1 mark.
At press time, XRP was trading at $0.47 and is up 1.5% in the 24 hours day trade. It is down 86% from its all-time high of $3.40, which it reached in January 2018.
Also Read: XRP Price Prediction: $3.81 by 2025 If Ripple Wins Lawsuit
3. Polygon (MATIC)
Polygon, the layer-2 scaling solution boasts a vast range of activities in the crypto, NFT, and DeFi world. The L2 solution is compatible with smart contracts and several applications can be built on the network. Its governing token MATIC is available for under $1 in 2022 as its price is currently trading at $0.87.
MATIC is among the top 15 cryptos in the world with a market cap of $6.5 billion. Despite the crash in 2022, MATIC’s price hasn’t lost much ground or slipped out of hand. The development shows its growth potential and could reach new highs once the bull run begins.
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At press time, MATIC was trading at $0.87 and is up 7.8% in the 24 hours day trade. The crypto is down 70% from its all-time high of $2.92, which it reached in December 2021.
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