Sometimes investing in cryptocurrency that trades at less than a dollar can be risky. The reason is that most of these assets have not proved themselves enough to qualify to be in investors’ portfolio.
However, they can also be the best option for cryptocurrency investment considering their price and how some of them were designed to incorporate features missing from the ones that have taken the lead. This article will, therefore, introduce readers to three under $1 cryptos that stand the chance of getting to the moon.
This digital asset is not new to investors who have been active in the industry for some time. NEM was introduced into the cryptocurrency industry in March 2015, and since then, it has made a tremendous improvement in its function and acceptability rate. It seems to present new features into the Blockchain technology including proof-of-importance (POI) algorithm, multi-signature accounts and encrypted messaging.
NEM has also ensured that multiple ledgers can coexist on the Blockchain. Nem is currently trading at $0.037 with an available and total supply of 8 billion. After its introduction, it recorded $0.000085 on 3 September 2015. On January 2018, NEM took a significant surge to record an all-time high of $1.89.
Verge is a decentralized cryptocurrency that is capable of keeping transactions anonymous in various ways. The ability of this digital asset to obfuscating the IP address of its users during transactions has made it one of the preferred digital assets on the dark web. It does this through the help of the TOR and successfully makes it hard to determine the geographical location of its users.
At the beginning of 2018, John McAfee predicted that verge would trade at $15 in the mid-2018. This prediction failed woefully, but it can be considered on the ground that there was a major shake-up on the cryptocurrency market which got almost all the heavyweight coins to trade down the price curve. Verge is currently trading at $0.0055 with an available supply of 15 billion and a total supply of 16 billion.
Digibyte is classified as a sleeping giant considering how powerful it is regarding technological functions. This digital asset is 40 times faster than Bitcoin and has a significant edge over the king of cryptocurrency on the ground of medium of exchange. Digibyte has amassed a lot of momentum which will see it marching straight to the top when the general market starts experiencing a boom. Digibyte is currently trading at $0.0084 with a circulating supply of 11 billion and max supply of 21 billion DGB.