Best Cryptos Under $1 Set To Explode By 50x

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Last Updated December 29th 2022
5 Min Read

Best Cryptos Under $1 Set To Explode by 50x - Our Picks 

CHZ - Trending crypto to buy now 

VET - Affordable altcoin full of potential 

HBAR - Underrated crypto that could explode soon

 

A Closer Look At The Best Cryptos Under $1 Set To Explode By 50x 

Cryptocurrencies have served as a promising alternative to regular investment options while being more cost-effective too. You don’t need to approach a bank or brokerage firm to delegate your investments. Plus, most cryptocurrencies can be easily traded on decentralized exchanges, making them accessible even to an average investor. Hence, it is no wonder that cryptocurrency adoption has been growing globally. 

According to a 2022 report, over 10% of citizens in Germany and 17% in Switzerland own and regularly use cryptocurrencies. Also, there is a lot to choose from – right from regular cryptocurrencies to meme coins and non-fungible tokens (NFTs). If you are a rookie investor looking to decode the cryptocurrency market, an ideal strategy is to start with research. A lot of crypto analysts have tipped cryptocurrencies like Chiliz, Vechain, and Hedera as some of the best cryptos under $1 to explode by 50x in the future.

Chiliz (CHZ) 

Chiliz is a fan engagement platform that offers fan tokens for various sports teams across the globe. It is most well-known for the Socios platform, where fans can vote on certain aspects of their favorite clubs’ operations. In return for voting, they earn rewards in the form of Chiliz Club Tokens, which can be used to purchase exclusive merchandise and experiences.

These tokens are used to purchase Fan Tokens generated by sports clubs. A user can use these Fan Tokens to participate in exclusive polls that drive important club decisions. You also get a reward for active participation. It is for the first time that popular sports clubs are tokenizing.

Fan tokens offer supporters a way to interact directly with their favorite teams, giving them access to early-release tickets, voting rights, VIP events, and more. For example, holders of the Paris Saint Germain fan token were able to vote on stadium banners and the cover of the PSG limited edition FIFA 22 game. Some lucky fans were also given a chance to interview their favorite players.

These fan tokens aren’t just limited to football teams. You’ll also find Formula 1, basketball, and eSports fan tokens. Each team decides its tokenomics, with some burning coins based on their performance. This means that some fan tokens become rarer, driving the price up in the process.

The CHZ token is a necessary component in all of this, as followers need it to purchase fan tokens. One CHZ is worth $0.106 right now with a market cap of $1.3 billion, and it’s one of the best cryptos under $1 to invest in. 

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

Vechain 

VeChain is an enterprise-level blockchain solution to supply chain management. Its goal is to “build a trust-free and distributed business ecosystem platform to enable transparent information flow, efficient collaboration, and high-speed value transfers”. In practice, this looks like a transparent blockchain that stores supply chain data on the blockchain, creating an immutable record of manufacturing, storage, transportation, and supply.

VeChain enables complete tracking of every aspect of the supply chain, like temperatures, authenticity, and delivery confirmation. For example, Walmart China uses it to allow consumers to trace its produce from its source to the store. LVMH, the global luxury fashion giant, uses this crypto for anti-counterfeiting on the blockchain. In fact, the project has partnerships with dozens of globally-recognized brands, like BMW, Renault, and H&M, demonstrating the value its chain can offer businesses in creating transparent supply chains. 

As of December 2022, VET is worth around $0.01. Launched in 2018, VeChain has proven itself as a leading enterprise blockchain over the years. That’s why it’s one of the best cryptos under $1 to explode by 50x.

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

Hedera (HBAR)

Hedera is a distributed public ledger powered by the Hedera Hashgraph consensus algorithm. HBAR is Hedera’s native cryptocurrency, and it is used to pay for transactions on the Hedera network. The network’s DAG-based consensus algorithm enables rapid transactions with very low energy expenditure. 

Hedera provides an alternative to traditional databases and is designed to be scalable, fast, and secure. An example of a project building on Hedera Hashgraph is Bartr World, which aims to migrate data from telecommunications companies onto a distributed ledger and solve many of the inefficiencies that currently plague the telecoms industry. 

HBAR is one of the best cryptos to buy to diversify your portfolio in December 2022. Hedera is governed by a council of reputable organizations from around the world. The network can support the expansion of decentralized technology into other industries, such as telecommunications as mentioned above. 

While blockchain is typically used for financial services, gaming, and digital artwork, the concept of a decentralized, automatically-updating database can be applied to many industries. Hedera Hashgraph is an example of a Layer 1 solution that can merge distributed ledger technology (DLT) with other industries and improve efficiency.

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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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