10 Best Crypto Under $1 To Buy in 2023

Crypto

The most popular crypto tokens on the market today cost thousands of dollars. Bitcoin is trading at over $16,000 while Ethereum is at $1,120 at the time of writing. But even these cryptos were once under $1 and experienced a meteoric rise to their current levels. 

Unfortunately, the crypto market is also flooded with bad investments. Finding the next coin that will rise to new heights from $1 can be hard. To help you make an informed decision, we have collated the best crypto tokens to buy under $1.

List of the 10 Best Crypto Under $1

These coins are sorted by market capitalisation, here is the most affordable crypto to buy now. 

XRP

Centralised financial institutions enable most of our international transactions today. However, this can be an expensive and inefficient process. Ripple Labs is trying to solve this problem with their token, XRP. 

XRP is a competitor to the SWIFT system for cross-border payments. It enables banks and financial institutions to send money from one country to another in seconds, rather than days. This is also significantly cheaper than using SWIFT, as each transaction only costs $0.0002. 

Read more: What Is Ripple

XRP is currently trading at $0.37 at the time of writing with a market capitalisation of over $18,900,000,000. 

Cardano (ADA)

Cardano (ADA) emerged in 2017 as a way to bring about change on a global scale. Unlike other popular crypto tokens at the time, Cardano used proof-of-stake consensus and quickly became one of the largest platforms using it. 

The project’s unique value comes from its development. Instead of every popular feature being added, technologies added must go through intense academic research and peer-review processes. This ensures the blockchain is secure and operates as efficiently as possible. 

ADA has a market cap of $10,930,000,000 at a price of $0.317 per token at the time of writing. 

Dogecoin (DOGE)

Forked from Litecoin in 2013, Dogecoin was created as a light-hearted crypto coin to appeal to a larger audience than Bitcoin does. It is based on “doge”, a popular meme you may have seen online, and features a dog as its logo. 

Dogecoin is a meme coin. This means that it does not have many practical applications, rather it is popular since it is treated as an in-joke between its owners. However, it has a very passionate and active fanbase, ensuring the coin is not a passing fad. 

DOGE is currently trading at $0.082 at the time of writing with a market cap of $10,894,000,000. 

Polygon (MATIC)

Polygon is a layer-2 scaling solution for Ethereum. In simple terms, this means it was built on top of the Ethereum blockchain to address its shortcomings, such as high costs and congestion. 

To do this, Polygon creates several “sidechains”, which are companions to the main blockchain. It then implements complex technologies such as optimistic rollups and zkRollups to bundle transactions before sending them to the main Ethereum blockchain. This helps Polygon reach transaction speeds of over 65,000 per second, compared to Ethereum’s 15 per second.

MATIC has a market capitalisation of $7,551,000,000 and is trading at $0.864 at the time of writing.

Shiba Inu (SHIB)

Inspired by Dogecoin, SHIB is another popular memecoin that gained popularity thanks to its unique appeal and endorsements from public personalities. Just like Dogecoin is a light-hearted joke on Bitcoin, Shiba Inu is the counterpart of Ethereum. Tweets and statements from individuals like Vitalik Buterin and Elon Musk sent the coin’s prices soaring. 

Its success has inspired many other meme projects like Shibalana and Shiba Fantom, based on the Solana and Fantom blockchains respectively. Shiba Inu’s large audience and distinct appeal make it a promising project. 

SHIB is trading at $0.000009 and has a market capitalisation of $4,969,000,000 at the time of writing. 

TRON (TRX)

Tron is a decentralised blockchain platform for developers to create smart contracts and dApps. It tries to solve the issues of Ethereum, namely its lack of scalability and high costs. 

The network is protected using a delegated proof of stake system, which is an alternative to traditional systems used by Bitcoin and Ethereum. DPoS makes it easier for any user to get involved with validation and earning rewards from the blockchain. 

TRX has a market capitalisation of $4,748,000,000 at $0.051 per token at the time of writing. 

Algorand (ALGO)

Many blockchains promise efficiency and secure systems. However, Algorand has dubbed itself “the greenest blockchain”. It thus offers the unique feature of being a highly sustainable and environmentally conscious blockchain. 

Algorand accomplishes this through its pure proof of stake protocol. Unlike Bitcoin’s proof of work, this system does not require lengthy computations or excessive energy consumption. PPoS offers users a more equitable validation process, where you can validate transactions even if you have only 1 ALGO token staked. 

Read more: What is Algorand

ALGO is trading for $0.243 and has a market capitalisation of $1,729,000,000 at the time of writing.

Cronos (CRO)

Cronos is the crypto token of Crypto.com, a trading and financial services platform. It is an open-source blockchain that mainly adds utility to users of Crypto.com’s services. 

Firstly, you can earn rewards like cashback on payments and gift cards using CRO. Alternatively, you can also stake your CRO to earn interest rates of up to 10-12% annually. The platform recently launched “Cronos Chain”, an Ethereum-compatible blockchain designed to run in parallel to the main blockchain. 

CRO is priced at $0.066 with a market cap of $1,682,700,000 at the time of writing. 

VeChain (VET)

Unlike other blockchain platforms that focus on payments, VeChain’s products are geared towards business solutions. It is best known for its supply chain management system that combines blockchain and the Internet of Things. This creates an instant and transparent record of all supply chain data, making tracking easy and seamless. 

VeChain uses a two-token approach with VET and VTHO. VET is the token used in transactions and sent from one user to another. On the other hand, VTHO is used to pay the “gas fees” of these transactions. These are separated so platform fees remain stable over time. 

VET has a market cap of $1,351,780,000 and a price of $0.018 per token at the time of writing. 

Chiliz (CHZ)

Sports teams make fans feel involved in their successes and failures. Chiliz takes this concept one step further by allowing you to govern how your favourite brands operate. Chiliz does this through the sports platform Socios, which provides new revenue streams to clubs and fan tokens to users. 

Every club on the platform can distribute a limited number of fan tokens. These can be purchased using CHZ, the native token of the platform. These tokens give you the power to vote on decisions like team matchups and jersey designs of your favourite sports team. 

CHZ is trading at $0.18 and has a market cap of $1,104,500,000 at the time of writing. 

Reasons To Buy Crypto Under $1

High Risk, High Reward

Crypto under $1 can be highly volatile and risky to invest in, similar to penny stocks. But success in picking the right one can mean multiplying your initial investment by several times. This is a strategy that pays off for many investors as long as you weigh the risks carefully. 

Find Undervalued Coins

It is possible that some projects have remarkable fundamentals, but are overshadowed by larger players in the industry. This is especially true for some cryptos under $1. Looking at what they offer and their token distribution systems is a good way to determine if a project is undervalued. 

Scale of Purchase

With cheaper cryptos, the number of coins you can afford to purchase is much higher. This is likely to help your future returns as low-priced assets may grow faster than the most popular tokens. 

Explore ZebPay blogs to read everything about crypto. ZebPay has 100+ crypto tokens which can be instantly traded.

Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Each investor must do his/her own research or seek independent advice if necessary before initiating any transactions in crypto products and NFTs. The views, thoughts, and opinions expressed in the article belong solely to the author, and not to ZebPay or the author’s employer or other groups or individuals. ZebPay shall not be held liable for any acts or omissions, or losses incurred by the investors. ZebPay has not received any compensation in cash or kind for the above article and the article is provided “as is”, with no guarantee of completeness, accuracy, timeliness or of the results obtained from the use of this information.

Start Trading Now