10 Best Cheap Cryptocurrencies To Buy Now Under $1

These ten cheap cryptocurrencies all trade for less than $1 and have amazing prospects.

Last Updated November 13th 2021
14 Min Read

Low-cost cryptocurrencies are becoming increasingly attractive to investors. This is partly the reason why meme coins are rallying by thousands of percentages. The trend makes sense considering how expensive the big cap cryptocurrencies have become.

For instance, someone with $100 today might find it unrealistic to invest it in Bitcoin (BTC). Most of it will go into fees, which means the investment capital will be around $70. Add to that the fact that at its current prices, Bitcoin is unlikely to do more than 2x, at least in the short term.

This makes such an investment pointless in the grand scheme of things. However, the same $100 invested in penny crypto can easily do 1000x and turn that $100 into real wealth. It has happened in the past and could easily happen again in the future.

With the potential that penny cryptos hold, let’s now go through ten cheap cryptocurrencies to buy for less than $1 for potentially outsized returns on investment.

10 Best Cheap Cryptocurrencies To Buy Now Under $1

 

Shiba Inu (SHIB)

Shiba Inu is a meme coin and was founded to ride the Dogecoin wave of 2020. It achieved this goal pretty well and went on to rally by over 500,000% by April this year.

After months of little action, Shiba Inu turned bullish again in October and rallied by over 1000%. While it has dipped again in the last couple of days, analysts are pretty bullish on this crypto.

They estimate that by 2023, SHIB will have eaten another zero and will be trading at $0.000686239, which would be an increase of 1,087%. More long term, in the next 5-years, analysts expect that SHIB could gain by 2,575% from its current prices.

Multiple factors could push Shiba Inu by such huge percentages both in the short term and in the long run. 

There is a lot of excitement around this crypto in the short term, especially after its most recent gains. The FOMO building around it is evident in the pressure SHIB investors are putting on Robinhood to list it. 

If Robinhood goes ahead and lists it, the price could easily go parabolic due to a sudden increase in demand. It would be reminiscent of the Dogecoin rally of February after Robinhood reinstated Dogecoin buy orders.

More long-term, Shiba Inu stands to benefit from its improving fundamentals. For instance, its tokenomics are similar to those of cryptos that have performed well over many years. It is deflationary, and more than 50% of its supply has already been burned. With its demand on the rise, the price is likely to go up long-term.

Shiba Inu adoption is on the rise, too, despite it being a meme coin. A week ago, a French restaurant started accepting this cryptocurrency for payments. As its price goes up and people start taking it more seriously, adoption levels will also rise.

It’s a good buy for investors looking for good cryptos under $1.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Dogecoin (DOGE)

Like Shiba Inu, Dogecoin is a meme coin that took the world by surprise in 2020 and delivered unexpected profits.

While Dogecoin started trading in the early days of the crypto, no one took it seriously. That’s because even its founders openly stated that it was a joke, and its tokenomics don’t make much sense as an investment. It is inflationary, and 5 billion DOGE enter circulation every year.

However, a lot has changed since 2020 when Elon Musk took an interest in the project and sent it rocketing.

Not only did it rally by over 12,000%, but people are also taking the project more seriously now. For instance, its adoption levels have grown quite significantly. Dogecoin today prides itself in being used for payments by more than 15 corporations of repute. One of them is the Dallas Mavericks that use Dogecoin for tickets and selling merchandise.

Besides its adoption, Dogecoin now has a developer team after many years of existing without one. Currently, they are working on making Dogecoin more scalable, a factor that could lead to more adoption.

At the same time, now that it has finally gone mainstream, Dogecoin’s inflationary nature could play to its advantage. Deflationary cryptocurrencies do not make for good currency because they encourage people to HODL. It’s the reason Bitcoin pretty much failed as an everyday currency. 

Inflationary cryptos, on the other hand, encourage spending. If Dogecoin gains widespread adoption as an everyday use currency, its value could go up despite its inflationary nature. 

Based on these improving fundamentals, analysts expect this inflationary meme coin to gain in value. In the short term, analysts expect Dogecoin to trade at $0.52 by 2023, which would be an increase of 96% from its current price. Long term, analysts expect Dogecoin to grow by 205% and trade at $0.81 by 2025.  

Going by these projections, Dogecoin is a good cryptocurrency under $1 to buy now.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Vechain (VET)

Meme coins are fantastic to have in a crypto portfolio for the potential thousands of percentages in gains. However, it is also important to include cryptos with real-world use cases as well. 

On this front, Vechain is definitely one of the best for those trading below $1. This project has multiple use cases that cut across industries. One of the industries where it has been adopted is fashion. There are fashion companies that are already using Vechain to fight against counterfeits in their supply chains.

Vechain has massive potential in the global food supply chain, as well. Through a Software-as-a-service tool called ToolChain™, players in the food industry can reliably trace the origin of the products in their food chains, including verifying the safety measures put in place all through the chain.

This blockchain also has a strong use case in the automobile industry. This is through a digital ID that is traceable throughout the life of the car. It’s a revolutionary use case for Vechain because it can help insurers better understand different car brands and charge premiums accordingly. Car manufacturers can also have better control of the parts that are used on their brands.

Other use cases for Vechain include retail, documents management, among others. It has the potential to be adopted in any aspect of the global supply chain.

Considering that VET is the native token of this blockchain, it follows that its potential for value appreciation as adoption grows is high. With such potential, it is not surprising that it has performed exceptionally well all through 2021. Year-to-date, Vechain is up by 1313%.   

Going forward, analysts have some pretty good expectations for this crypto too. They are projecting that by 2023, this crypto could be trading at $0.44. That’s a 182% increase from its current price.

The projections are even better long term. Analysts believe that Vechain could trade at $0.69 by 2025. That’s a potential price increase of 342%. Based on these projections, it makes sense to buy it now. 

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Stellar (XLM)

Stellar used to be one of the top 10 cryptocurrencies but has since slid down below the top 20. However, it didn’t slide lower because it lost value, but because newer projects have grown faster.

That said, Stellar Lumens is one of the most fundamentally strong altcoins under $1 today.

It targets the same market as XRP, but as things stand, it has better prospects. That’s because, unlike XRP that is backed by a company, Stellar is backed by a foundation. This means there is zero risk of it ever being declared illegal security and the resultant legal issues.

Stellar is also safe from anti-money laundering regulations that are quite tight for all players in the banking industry. That’s because Stellar has in place a KYC feature as part of its protocol.

While this may feel like an antithesis to the whole idea of cryptocurrencies, it is crucial for adoption in the banking industry. That’s because banking is sensitive, and with risks like terrorism financing always looming close by, KYC is important.

Its core metrics also make it perfect for adoption. The Stellar Foundation has been making moves that could significantly increase the intrinsic value of this blockchain. For instance, a while back it was announced that the Stellar Foundation was considering a buyout of MoneyGram.

With all these factors in its favour, it is not surprising that analysts have good projections for this crypto. Analysts believe that Stellar could gain by 60% between and 2023. Going into 2025, analysts expect this crypto to grow by 140% and 150%.

While this is not high by crypto standards, it is still a good ROI, making it a better investment than conventional investments such as stocks. It’s definitely good crypto under $1 to buy today.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Chiliz (CHZ)

Chiliz is focused on the sports and entertainment markets. It is the blockchain behind the socios.com platform, which allows the trading of fan tokens by sports teams.

This is a big deal because it gives Chiliz space for growth in the multi-billion dollar sports industry. The best part is that this blockchain already has a growing use case on this front. 

It has been used by some of the top football teams in the world for the development of fan tokens. They include the likes of AS Roma, Atletico Madrid, Juventus, and Paris Saint-Germain.

Due to its strong adoption despite it being a relatively new blockchain, Chiliz has performed very well this year. In the last 10 months, Chiliz rallied by 4,820.37%. Going into the future, analysts have good projections for it as well. 

The consensus analyst estimate for this crypto is that it could hit $1.22 by 2023, or an increase of 156% from its current price. They also expect this cryptocurrency to hit $1.57, or an increase of 230%.

This makes it a pretty good buy now that it is still trading at below $1.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Hedera (HBAR)

Hedera is one of the most advanced blockchains out there. Bitcoin can be considered a first-generation blockchain, while Ethereum is the second generation. Hedera easily stands out as a 3rd generation blockchain.

Hedera outpaces both Bitcoin and Ethereum on pretty much all core metrics. For instance, in terms of transaction speeds, Bitcoin can handle about three transactions per second, while Ethereum can only do 12 transactions per second. Hedera does circles on them and can easily handle over 10k transactions per second.

It is equally much better than these two in terms of average transaction fees. Bitcoin transaction speeds stand at $22.57, and Ethereum at $19.55.  Hedera transactions, on the other hand, are almost free, standing at $0.0001 per transaction.

The other key metric for the effectiveness of any blockchain is transaction speeds. Bitcoin transactions take around 10-60 minutes, Ethereum about 10-20 seconds, while Hedera transactions are confirmed in 3 to 5 seconds.

Hedera can achieve all this in a highly secure environment. Hedera’s security comes from the fact that it uses ABFT security technology. This is one of the highest possible levels of security available in the crypto market.

Hedera’s highly advanced metrics have seen it get adopted by some of the biggest corporations in the world. For instance, IBM has a plug-in system for Hedera that can be used to order auditable transactions.

Other top organizations that use the Hedera include Hala Systems Inc, Everyware, and The Coupon Bureau.

With its highly advanced technical capabilities and adoption by major organizations, Hedera has easily emerged as a top crypto performer this year. Year-to-date, this crypto is up by 1200% and it’s still gaining.

Its strong metrics have also led to some strongly bullish projections by analysts. They expect it to double in the next year, and trade at $1.94 within the next 5-years. This makes it a good buy while still trading below $1.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Basic Attention Token (BAT)

Basic Attention Token is the cryptocurrency that powers the brave browser. So far, adoption has been huge and Brave usage now rivals the likes of Google Chrome.

The popularity of the Brave Browser is due to its privacy. Unlike other browsers, Brave does not share user data with anyone. It is also a very rewarding mechanism that rewards all stakeholders.

For instance, this browser pays users for the time spent viewing ads. This also means that advertisers better understand who to target with their ads for maximum impact.

Since the BAT token powers the Brave ecosystem, it then follows that as demand for Brave grows, so will its value.

This is the reason why BAT token has performed consistently well since it was launched.  While it rarely has crazy spikes, the trend is mostly up. For instance, year-to-date, BAT is up by 400%, and in the last 30-days, it has gained by 30%.

Due to this crypto’s strong fundamentals, analysts have some pretty strong projections for it. In the short term, analysts expect BAT to hit $1.4 by 2023. They also expect it to trade at around $3 within the next 5-years.

Considering that the usage of the Brave Browser is growing, there is a good chance that such projections could come true. Besides, the overall crypto market is on an upward trajectory, driven by institutional adoption, which could further BAT’s momentum in the long run.

All these factors make BAT a pretty good crypto to buy now that it is still trading at under $1.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Ravencoin (RVN)

Ravencoin is a project that is designed for the tokenization of pretty much any real-world asset. For instance, it can be used for the virtual representation of land title deeds.

One of the key factors that make this blockchain valuable is its ease of use. Pretty much anyone can create virtual goods on this blockchain and exchange them for value.

Ravencoin’s core metrics are pretty strong too. The project is based on the Bitcoin code but has improvements to it that make it scale better. 

For instance, Ravencoin has a block time of just 1 minute as opposed to Bitcoin’s 10.  It also has a more advanced mining algorithm that makes it easier for anyone to mine. By extension, this makes the project a lot more decentralized than Bitcoin and many other projects out there.

As an investment, Ravencoin has proven to be a pretty good one so far. It tends to be strongly correlated to Bitcoin in price movements, which is a good thing. That’s because going forward, the price of Bitcoin is likely to keep going up due to scarcity and growing demand.

Since Ravencoin is a lot cheaper than Bitcoin, it also follows that an investor could profit more from Raven coin by having more units of it.

Due to this crypto’s price dynamics and strong fundamentals, analysts have some pretty bullish forecasts for it. They believe that in the next 5-years, Ravencoin could be trading between $0.51 and $1.

That’s a healthy ROI, and if it could hit these projections, then it comes off as a pretty good crypto investment now.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Telcoin (TEL)

Telcoin is one of the most practical crypto projects out there. Just a 5-minute glance at their website and one can easily tell what the project is all about.

Telcoin uses blockchain technology to make cash remittances instant and much cheaper than what users pay in conventional money transfer systems. Aside from its ability to do cash transfers cheaply and instantly, users can count on the security that comes with blockchain.

Its strong use-value has seen Telcoin grow in adoption pretty fast, and the same has been reflected in its price. Year-to-date, Telcoin is up by 13,000%, and it is not showing any signs of easing up.

With the broader crypto market overall bullish, Telcoin is likely to keep gaining going into 2022 and beyond. Its strong potential is also evident in the predictions that analysts have for this crypto.

Analysts expect it to double in the next year, and possibly trade at $0.13 within the next 5-years. That’s a potentially 6.5X increase from its current price.  This makes it a pretty good cheap cryptocurrency to by now, and hold for the long haul.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

XDC Network (XDC)

XDC network is only 3-years old, but it has given investors an incredible return on investment in this period. In the last 10-months alone, XDC has rallied by 1500%.

The project’s strong growth is a combination of its potential use case and upside momentum in the broader crypto market. In terms of fundamentals, XDC targets trade financing, a multi-billion dollar market.

The project aims to make it easier for businesses and governments to borrow in a decentralized environment. This is both cheaper and faster than centralized lending systems.

Besides its strong use case, XDC’s internal fundamentals are quite strong. It can scale much better, and its transaction costs are much lower than Bitcoin and Ethereum.

For context, it can handle up to 2000 transactions per second, transactions are confirmed in just 2 seconds, and its transaction costs are almost negligible, standing at $0.00001.

Based on XDC’s strong fundamentals, analysts have given it some pretty strong price projections. They expect it to double within the next year and hit $0.82 within the next 5-years. With such potential for gains, XDC is a logical penny crypto to buy today. 

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Best Cheap Cryptocurrencies To Buy Under $1:

  1. Shiba Inu (SHIB)
  2. Dogecoin (DOGE)
  3. Vechain (VET)
  4. Stellar (XLM)
  5. Chiliz (CHZ)
  6. Hedera (HBAR)
  7. Basic Attention Token (BAT)
  8. Ravencoin (RVN)
  9. Telcoin (TEL)
  10. XDC Network (XDC)

 

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

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