I think a lot of people learnt a lesson from the humble beginning of Bitcoin, now we are all constantly looking for the next bitcoin in the below $1 new coins. But its not easy to determine a likely winner even though there are a few pointers but cryptocurrency is volatile thus making it hard to rely heavily on any coin. Before you start investing your cash you might wanna do a few of these things so that you understand what you are getting into. Firstly read the white paper of the coin from there you will learn the vision of the coin, use cases, future potential of the coin as well as the blockchain technology it uses amongst many things. Secondly investigate if anyone is talking about that coin, if yes, how many people besides the coin developers. The more people are talking about the coin the more attractive it is hence the establishment of a strong demand chain and increase in use cases. There's many ways to check but for today these are the 3 crptos below $1 that many people have been talking about favourably.
1. Shiba Inu (SHIB)
The popularity of this coin is vastly spreading like a wild fire and it is very very cheap to buy. Founded in 2020 by an anonymous person or group called Ryoshi, Shiba Inu is an altcoin built on Ethereum and uses the now famous Japanese hunting dog, Shiba Inu as its mascot. According to today's Coin Market Cap Shiba Inu holds the 13th spot for the biggest cryptocurrency by market value. Some of the reasons for its popularity include the fact that it is closely associated with Ethereum founder Vitalik Buterin who was gifted half of SHIB's total supply when it was launched. The Shiba Inu website was quoted to say that this gesture ensured their long term success and victory and it seems like their plan is working even though the price remains really low we must remember SHIB is not a value coin. Its popularity further increasedin 2022 when it was added to the list of currencies accepted on the BINANCE Pay card making it acceptable to over 60 million merchants worldwide. Moreover using SHIB on Binance Pay has attractive perks like, up to 8% cashback and zero annual and FX fees. Another reason that makes it one of the best crypto to buy below $1 is the fact that its fanatics call it the Dogecoin slayer referring to how it is sometimes viewed as the alternative of Dogecoin and also their similarity in sharing a dog mascot. Shiba Inu is all about staying on the top, so it also created popular NFTs, further strengthening its popularity. In as much as Shiba Inu is one of the favorites, don't act on peer pressure without knowing what you're getting into. Do your research and remember all coins, are volatile and prone to sharp price drops.
2. Dogecoin
"Dogecoin is an open-source peer-to-peer crypto that was initially developed as an imitation of the cryptocurrency market reaction to the creation of Bitcoin therefore some people refer to it as a humorous joke for cryptocurrency fans." Dogecoin is one of the best cryptos to buy under $1 because it is rapidly gaining acceptance and is currently one of the most widely used cryptocurrencies sitting on the 9th position as the biggest cryptocurrency by market value on the Coin Market Cap. Some of the reasons for its popularity include its very low price obviously and also its association with well known figures like Elon Musk. Doge has a sizable and devoted fan base which bolsters its popularity. Despite its extreme volatility, investors and traders prefer this dog themed coin because it has speedy transaction and confirmation times thus making it a safe and effective way to transfer funds across the world to anyone, anywhere. Also the Dogecoin network presents a super attractive simple coin mining process which has increased its availability and use cases leading to more traders taking it as a form of payment. Lastly, Doge is very attractive but remember to exercise due diligence and know what you're getting into before investing your funds.
3. Cardano (ADA)
Cardano is an open-source and decentralized public blockchain that was initially released in 2017 after 2 years of development. It is currently the 7th-biggest cryptocurrency by market value on Coin Market Cap making it much more popular than the two mentioned above. Cardano is one of the best cryptos under $1 to invest in because it is a Layer 1 project and ADA is a coin with its own blockchain making it independent of other projects. One other reason why Cardano is quite attractive is it achieves consensus using proof of stake which enables it to offer many options when it comes to staking therefore allowing traders to earn passive rewards while holding their ADA in staking pools. Secondly, Cardano developers are reputable in the blockchain space owing much of this reputation to founder Charles Hoskinson being a co-founder of Ethereum. All these things, have made ADA popular and a safe coin to invest in but please note, I am not a crypto expert, this is solely my research conducted by reading from various sources. Do not take this at face value, do your own research.
https://coinmarketcap.com/
https://www.analyticsinsight.net
