Best Altcoins Under $1- Best Penny Cryptocurrencies for 2021
If you are searching for the best altcoins under $1, we have compiled a well-researched list of altcoins that could turn out to be the best crypto to invest in in 2021.
What is an altcoin? Altcoin represents all cryptocurrencies apart from Bitcoin. As we all know, Bitcoin is the king. Ethereum, Litecoin, and Ripple follow behind but are still out of the reach of small investors. As we are compiling these thoughts, there are nearly 10,000 altcoins, and some of them are the best crypto to invest in.
Best Altcoins Under $1 – The Best Crypto to Invest In
When looking to invest in the best altcoins under $1, you should track the altcoins’ performance in the near term. To find out more about their performances, you should visit some of the crypto brokers online and pick up the one following your preferences and investment plan.
Our choice of the best altcoins under $1 is based on a mix of criteria. These factors include their overall performance, the scalability of the project, the team supporting its development, and the success of their ICO – initial coin offerings. Therefore, we have decided to round up the advantages of investing in the following altcoins
- Holochain (HOT)
- Basic attention token (BAT)
- Doge (DOGE)
- Ravencoin (RVN)
1. Holochain Altcoin HOT
$1.58 billion is the market capitalization of Holochain, one of the best altcoins under $1 to consider for investing.
Its price at this moment is $0.0088 and represents one of the most undervalued altcoins. Still, with definite potential—the team behind the Holochain was led by famous altcoin currency geek Arthur Brock.
Holochain’s potential comes from the fact it provides its own hosting infrastructure avoiding the scalability bottlenecks of blockchain.
Why Invest in Altcoin Holochain?
Firstly, the Holochain altcoin had a highly successful ICO, given the utility of the project backing it.
The big plus is that Holochain HOT consumes very little electricity and runs well on a phone or a small 45W computer. No mining is required like Bitcoin. This is a huge argument given the climate situation.
Its computing is more efficient than those of Bitcoin, Ethereum, and other cryptocurrency networks. According to their green paper, its energy consumption is at least 10,000 times more efficient than Ethereum’s network.
2. Basic Attention Token BAT
At the time of writing this, its market cap reaches $1,159,594,571. Thus, a Basic attention token is another altcoin you should consider for long-term investment and diversification of your cryptocurrency investment portfolio.
BAT is a system created to monetize media consumer’s time and attention on the media on websites using the Brave web browser built on the Ethereum network.
The new browser comprises a new kind of digital service cutting out third parties. Instead, users pay BAT to publishers according to the amount of time they spend browsing and reading the content, and Brave takes a cut of the earnings.
The ICO that took place in 2017 for fundraising the Brave web browser project was astonishing for its speed and earnings.
The sale of BAT tokens generated approximately 35 million dollars and was sold out within 30 seconds. Its lightning-fast sale draws big attention to the new funding model of an ICO – initial coin offering, which, in 2017, was a pretty recent phenomenon.
Why Invest in BAT Altcoin?
Without a doubt, it stands for one of the soundest projects in the crypto sphere. Moreover, due to its low price of $0.77, it is also one of the best altcoins under $1 to invest in.
Finally, the number of active users reaches approximately five million, and the product is constantly improving daily.
3. Dodge Altcoin DOGE
The market cap of a Dodge altcoin reaches roughly $54 billion. Its current price is $0.37. Quite affordable and one of the best altcoins under $1 to invest in.
The story of the emergence and the hype surrounding Dogecoin is widely known. But, in case you didn’t follow the chain of events, here is a rundown.
Dogecoin emerged in 2013 and started as a meme. In fact, the symbol of this extremely popular and one of the best crypto to invest in is the dog appearing on a popular meme called Shiba Inu.
However, its relation to this joke made it more challenging to be taken seriously as a means of investment.
The IMB engineers Billy Markus and Jackson Palmer wanted to joke about cryptocurrencies’ speculative nature. Therefore, they created a new payment system and the altcoin that the broader demographic can access.
Why Invest in DOGE?
The Dogecoin community expanded at an astonishing pace, reaching a market cap of approx. US$85 billion in May 2021. As with any other cryptocurrency, the value of Doge is mimicking Bitcoin’s overall price fluctuations.
However, it became even more popular with Elon Musk’s latest tweets about Bitcoin’s energy inefficiency and other coins’ greater energy efficiency, namely Dogecoin. Its current price is $0.37. Quite an affordable and very promising investment.
4. Ravencoin RVN
Ravencoin is an open-source project launched on January 3, 2018, exactly nine years from the launch of Bitcoin. More than 400 developers have made no less than 14,000 commits (sending code) on Github during the entire creation of the project. The primary objective of Ravencoin is the transfer of assets from one party to another.
That’s why it allows the implementation of the tokenization of assets. It also allows the remuneration of coin holders based on the Raven blockchain.
Why Invest in Raven?
Among penny cryptocurrencies, it’s one of the best altcoins under the US dollar to invest in. RVN’s current price is $ 0.0775. According to WalletInvestor, it’s an excellent long-term investment with an estimation to reach the price of $0.29 during the next few months. In five years, it could climb to $0.09.
The bitcoin price is quite high lately as well as Ethereum, Litecoin or any other prominent cryptocurrency. Therefore, many people are interested in investing in the crypto market these days. But seeing the price fluctuation of the leading coins on the market, they become undecided.
However, despite the latest prices of BTC, Ethereum, and other major cryptos, you can invest in a portion of them and still profit in the long run. Nevertheless, you must be aware of the importance of diversification. Investing in only one crypto asset is not recommended.
So, we showed you the bright side of the story: an opportunity of investing in the best altcoins under $1, which price is set to skyrocket in the years to come. And that would be a good start for riding your way to the top as a crypto investor.