The year 2023 has just started and the global crypto market is thriving. With top cryptocurrencies like Bitcoin and Ethereum gaining momentum and the bear market looking like it’s finally over, now is the high time to start picking up tokens. However, while looking for the best cryptocurrencies under $1 to buy, there are certain factors you should look out for to improve your chances of finding cryptocurrencies with the most growth potential.
From its real-life use case to solid recent price performance, investors should consider everything. Does this all feel highly overwhelming? Then why not start with something affordable with less risk indented?
Cryptocurrencies under $1 that may explode in January 2023
Cardano
Cardano has one of the top scores for developer engagement among all cryptocurrencies. It was developed with a scientific mindset and research-driven methodology. Known for its low transaction fees feature, ADA has been performing decently amid the massive market volatility in 2022. Paul Levy, a senior lecturer at the University of Brighton, have an optimistic price prediction for ADA’s future value. According to Paul, it’s possible cardano (ADA) will be roughly $0.50 by the year’s end.
Read more: Top Reasons Why College Students Need To Invest In Cryptocurrencies in the Year 2022
XRP
XRP can conduct 1500 transactions per seconds at a low cost and with minimum energy. Along with being one of the best cryptocurrencies under $1, some believe it has the potential to replace the traditional international money transfer system. According to a Valuates report, the cryptocurrency market’s size is expected to hit $4.94 billion by 2030, growing at a CAGR of 12.8%.
Shiba Inu
Shiba Inu (SHIB) is an ERC-20 token that aims to be a direct competitor to Dogecoin (DOGE) and is trying to become the top meme coin in the market. Per data acquired by the world’s largest crypto exchange Binance, Shiba Inu was among the top three most-watched cryptocurrencies in 2022.
Dogecoin
Dogecoin is the most valuable and arguably the most popular meme currency. It has the backing of the celebrity entrepreneur Elon Musk and a horde of crypto influencers and popular investors like Mark Cuban. Dogecoin also has a large and vigorous community of supporters, especially on Twitter and Reddit. It makes it to our list of best cryptocurrencies under $1 to buy in January 2023 because of its ability to earn its investors’ significant returns in a relatively short period as it has done in past.
Stellar XLM
Stellar XLM is currently among the top 30 largest cryptocurrencies by market cap. It is the native token of the cross-border payment blockchain, Stellar. As crypto adoption continues, more people are likely to use it for international payments and XLM has established itself as an ideal cryptocurrency for the same purpose.
Also Read: Here’s How Much Your $100 Investment in Ripple Will Be Worth If XRP Reaches $1
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
