Key Insights
- The crypto bear market has run its course, and better days are coming.
- Some of the top cryptocurrencies under $1 to watch out for include Polygon, Cardano, Dogecoin, XRP, Stellar, Tron, and Decentraland.
- These cryptocurrencies have all seen significant price declines from their all-time highs, making them attractive investment opportunities for the next bull run.
The crypto bear market has run its course.
From November 2021 until date, the crypto market has been red all through.
However, better days are coming, believe it or not.
The crypto market comes in repeating cycles of unbelievable bullishness, followed by nail-biting bearishness.
In this article, we will go over some of the top cryptocurrencies under $1 that you might want to continue adding to your “bags” before the next bull cycle comes in full force.
Here are our top picks:
1. Crypto: Polygon (MATIC)
Ranked the 14th biggest cryptocurrency by market cap, Polygon is the most popular, well-structured and easy-to-use scaling solution for Ethereum.
The cryptocurrency is priced at $0.5495 at the time of writing and has lost 81.17% from its December 2021 all-time high of $2.92.
This means that it has dipped by more than 80% from its ATH. Should Polygon rally back to that level, investors would have made +80% returns on their investments.
“Buy the dip” has never been clearer.
2. Cardano (ADA)
Cardano has been through some very rough weather throughout the bear market. And in terms of price dips, few other cryptocurrencies have taken as many beatings as Cardano has.
However, Cardano is still ranked the 7th largest cryptocurrency by market cap and is going strong in its way.
Cardano is trading at 0.2565 at the time of writing and has declined by 91.72% from its September 2021 all-time high of $3.10.
This makes Cardano’s dip even more pronounced than Polygon’s and shows that the cryptocurrency is severely underpriced.
Definitely a good deal at this point.
3. Dogecoin (DOGE)
Dogecoin was the star cryptocurrency of the last bull run. Under the influence of Tesla CEO, Elon Musk, Dogecoin crossed impossible heights and was inches away from $1 before the bear market hit.
It is uncertain whether Dogecoin can hit its $0.7376 all-time high again, due to its status as a memecoin, and its almost absolute dependence on hype for price movement.
However, it is down by 91.42% from its all-time high (not even as much as Cardano’s) and may provide a very interesting profit margin in the next bull run (especially with Elon Musk as Twitter’s CEO).
This is without mentioning how some traders still have liquidity stuck close to Dogecoin’s ATH and will have the incentive to push the memecoin higher.
4. XRP
XRP is an absolute bullish bomb, waiting to go off.
The cryptocurrency has been through massive hurdles in the past, ever since the SEC first sued Ripple Labs, its CEO Brad Garlinghouse and several other officials for selling XRP “as a security” in 2020.
The final judgement between Ripple and the SEC is approaching, opening the doors to massive growth on the cryptocurrency’s part.
After Ripple’s partial victory against the SEC in July, several crypto exchanges already relisted the cryptocurrency.
And if Ripple wins the ongoing legal battle, XRP may be too hot to handle in the next bull run.
5. Stellar (XLM)
XLM is the largest competitor to XRP, and may even share some of the massive bullishness XRP is set to get.
Why do we think so? Because it has happened before.
Soon after Ripple’s partial victory over the SEC in court, XRP exploded in price, and more than doubled in less than a day.
The interesting thing is, that Stellar also exploded in price.
Ripple beating the SEC in court may bring in some favourable conditions for XRP, as well as XLM.
XLM is down by 86.93% from its Jan 2018 all-time high, leaving a lot of room for returns on investment.
6. Tron (TRX)
Tron is the 10th largest cryptocurrency on the market and is trading at $0.07704 at the time of writing.
Tron was developed by the Tron Foundation and launched in 2017. TRX is down by 74.35% from its $0.3 all-time high in 2018 and may be worth having in your bags as the next bull market approaches.
7. Decentraland (MANA)
If you believe in the metaverse and its prospects, then Decentraland is for you.
Decentraland is a virtual reality/metaverse platform powered by Ethereum.
It allows users to create, experience, and monetize plots of land that they can later navigate, build upon and monetize.
If the metaverse is going to be the next big thing, then you can bet the MANA is going to be at the forefront of the bullishness that follows.
Bonus: The Sandbox (SAND)
If MANA is going to be bullish, then you can bet that SAND is going to follow.
The Sandbox is another blockchain-based virtual world that allows users to create, build, buy and sell digital assets in the form of a game.
The Sandbox comes with the full power of NFTs, DAOs and Blockchain gaming, and may be worth considering for the next bull run.
Disclaimer: Voice of Crypto aims to deliver accurate and up-to-date information, but it will not be responsible for any missing facts or inaccurate information. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.
The post 7 Best Cryptos Under $1 To Invest in Before The Next Bull Run appeared first on Voice of Crypto.
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