With Bitcoin leading the way, cryptocurrencies are now by far the most exciting investment around the globe. However, there are smaller altcoins that have the potential to end investors’ high return. The crypto market is great, and with some “currently” cheap coins having great performances, investors might see these coins have a massive bull run in the near future.
If you are an investor looking for a low capital but promising Investments, whether long or short term then the following under $1 cryptocurrencies are the ideal investment to look out for.
Known as the IoT cryptocurrency, IOTA which has not been in the major conversation and headlines compared to the other two coins in this list has had a remarkable performance recently. IOTA stands at the 15th position on the top cryptocurrency list, and it is currently trading at around $0.42 with a market cap. of $1.19 billion.
Some significant partnerships such as the automobile partnership with Jaguar Land Rover has aided IOTA rise above 38%, taking its price nearly to $0.5 before correcting back to $0.4 and hopefully, the next bull run may see the coin soar above expected levels.
Also, the cryptocurrency has solid fundamental, and its gains have rewarded the team’s effort to make its blockchain more decentralized. IOTA is an auspicious coin, and as under $1, it is a wise option to bet for this year.
XRP is a fantastic coin under $1 due to its extremely popular nature and the fact that it’s battled with ETH for the second position at the beginning of the year before finally having a rest back on the third position which has been its original position for a while now.
Currently, XRP is trading at $0.41 and has a market capitalization of $17.33 billion, Analysts were initially pessimistic about the coin, claiming that the $0.3 price point was too big a barrier for XRP to cross.
But now it has surpassed that, the forecast now stands at $1.2 by the end of 2019 and with its products such as xRapid and RippleNet, XRP can gain much momentum for massive growth in the coming months.
Tron foundation has been well known for controversial tweets from the founder, and that has made a lot of people see it as ‘attention seeking’, but the cryptocurrency has an incredible performance that brings about its hype.
Tron is a blockchain-based platform for sharing and distributing content online without any third-party involved. Newly owned by Tron is a project to create a decentralized torrenting system called BitTorrent. With its MainNet and TPOS algorithm, transactions on Tron are processed faster and better than even ETH. Tron (TRX) is trading just around $0.03, which makes it an affordable investment for all.
Disclaimer: The views expressed in the article are wholly those of the author and do not represent those of, nor should they be attributed to, ZyCrypto. This article is not meant to give financial advice. Please carry out your own research before investing in any of the various cryptocurrencies available.