Top 5 Cryptocurrencies Under $1 To Watch In January 2023 - Our Picks
Cardano - The best green crypto to buy now.
Chiliz - The top penny crypto with multiple use cases in the sports and entertainment sector.
Stellar - This crypto aims to revolutionize the way financial systems work.
Dogecoin - The most popular penny crypto under $1 to watch in 2023.
Shiba Inu - This crypto’s entry into the metaverse makes it a must-buy now.
A Closer Look At The Top 5 Cryptocurrencies Under $1 To Watch In January 2023
A group of cryptos that has gained an ideal investment status within the sector are penny cryptocurrencies, also called micro-cap coins. These are digital assets with prices often less than $1. Despite having a small market cap, these crypto are cheap to invest in and have the potential to generate good returns.
But there are over hundreds of cryptocurrencies under $1, and not all are worth adding to the list. To help you out, we have reviewed the top 5 cryptocurrencies under $1 that are worth watching in January 2023.
Cardano(ADA)
ADA token had a dramatic rally of turbulent developments and fluctuating prices since its inception. Cardano aims to build an efficient network for decentralized apps (dApps) and services. Trading at $0.3497, ADA is one of the top cryptos under $1 to closely watch as it creates real-world services on a cheaper, faster blockchain. It is used to build decentralized exchanges and even create digital identities for 5 million students in Ethiopia.
The crypto’s slow and steady approach has now gained the attention of several developers and investors, making it the number one blockchain in the world in 2022 by development activity. These activities are significant as they show new features in the pipeline. Some of the key catalysts for the bullish price prediction of ADA in 2023 are the cryptos entry into the world of DeFi, the upcoming launch of a new decentralized exchange, a new NFT marketplace, and a new DeFi protocol that allows the creation of “synthetic” financial assets. The launch of its stablecoin, the Djed, will allow Cardano to explore more use cases in the field of DeFi.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Chiliz (CHZ)
Chiliz, the leading fintech provider for sports and entertainment, is one of the penny cryptos worth adding to your watchlist in 2023. Chiliz is built on the Socios platform, a professional team’s platform to interact with fans on. It offers sports organizations several blockchain-based tools that help them participate and monetize their audience. Fans use the CHZ token to access exclusive team merchandise, participate in fan engagement activities and even make governance decisions.
CHZ is one of the top cryptos under $1 to watch in January 2023 as it’s trading at $0.1351, as of writing, and has the potential to grow dramatically in the coming years.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Stellar (XLM)
Stellar Lumens came into the limelight recently as it found extensive real-world use cases in sectors like logistics, remittance, and borderless payment transfer industries. The network facilitates asset transfer globally in a more secure, fast, and reliable manner. It allows real-world transactions to be anywhere in the world in merely 5 seconds. Stellar is aiming to provide storage services for crypto projects and work on financial inclusion, reaching the people in the margins who don’t have access to banking services.
Stellar has also released a new smart contract platform called the Soroban in 2022. This upgrade focused on increasing the platform’s developer friendliness, scalability, and sensibility. There has been a massive rise in XLM’s adoption rate, making it one of the top cryptos under $1 to add to your watchlist in 2023. Some of the companies that have been using Stellar include Mobius Network, SureRemit, Smartland, etc.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Dogecoin (DOGE)
Dogecoin, the popular meme coin, is one of the most Googled cryptocurrencies in the entire market. Celebrities like Musk have endorsed the token, promoting its features and benefits and even going as far as to proclaim himself as “The Dogefather.” DOGE is one of the top penny cryptos under $1 as it has an ever-expanding community and acceptance from popular companies like Tesla.
Dogecoin seems to be an ideal buy now since it’s trading at $0.08374 as of writing. The developers are also keenly working to implement new use cases for the token to boost the coin’s value proposition. There is also rising speculation that DOGE will find new use cases on Twitter, which would give the token the much-needed push to reach new all-time highs. Additionally, the countdown has started for the launch of SpaceX Falcon 9, and within a very short time, Dogecoin will become the first crypto in space.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Shiba Inu (SHIB)
Shiba Inu is a decentralized, community-building cryptocurrency designed to be an experiment developed within the Shiba Inu Ecosystem. The ecosystem contains various decentralized applications, protocols, and platforms that facilitate the creation of smart contracts on the Ethereum blockchain.
Shiba Inu stands apart from other cryptocurrencies with the launch of ShibaSwap, a decentralized exchange that provides leading names like UniSwap and Curve Finance a run for their money.
Trading at $0.00001051, SHIB is one of the top cryptocurrencies under $1 to add to your watchlist in 2023, thanks to an exciting array of events waiting in the pipeline for Shiba Inu. The crypto would rise to new levels with the release of applications like a Layer2 scaling solution known as Shibarium and a non-fungible token-powered metaverse.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
The Bottomline
Although there are a lot of strong blue chip cryptos, the biggest growth potential often lies with microcap cryptos. If you are looking for cryptos with massive upside potential, these are the top 5 cryptos under $1 to watch in January 2023.
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