The Best Cryptocurrency Under $1 to Add to Your Watchlist

Right now, there are more than 2,500 cryptocurrencies. If you look through the CoinMarketCap you will be surprised and confused at the same time. So many options to choose from! However, how to make the right decision? What should you put into your portfolio? If you still have those questions, you are in the right place, where you will find some interesting answers. Let’s get started with the most promising altcoins you can find across the Web!

NXT (Ticker: NXT)

This is one of the best altcoins under $1. The project aims at allowing users to create their own digital tokens exchange using Blockchain technology. Thus, you can launch your own decentralized marketplace using NXT. 

NXT shows high volatility. The current price is $0.07. The ATH was at $2.31 meaning the token has enough space to grow. It is included in our list of top cryptocurrencies under $1 for the following reasons:

  1. The project is very flexible. Any developer can create a fully operative Blockchain marketplace.
  2. The assets will be traded in a p2p mode without any middlemen.
  3. NXT provides cloud data storage.
  4. This project allows users to create democratic voting systems that are currently in high demand.
  5. Users can create safe multi-signature solutions.
  6. The decentralized nature of the project allows you to create a totally independent exchange.
  7. The platform can also be used to conduct all types of ICO, which is very important in the world of Blockchain and tokens.

Pros and Cons of the Project

Should you invest in NXT? Let’s look at some of the advantages for this project first: 

  1. Creating a decentralized exchange was never as easy as using the NXT facilities.
  2. The project allows developers to create decentralized applications that are currently in high demand.
  3. NXT’s price is far below its ATH and the project looks to be significantly undervalued.
  4. NZT has a great community, which means the token may have a huge price growth in the future.

As for the disadvantages, they are the following:

  1. The price volatility is very high. This means that you need to be careful when buying the token. However, in the last few months the price is more or less stable.
  2. The tokens were unevenly distributed during the ICO.
  3. Following the previous statement, there is a so-called whale problem when a group of people can control the whole network.

Holo(Ticker: HOT)

Holo is one of the best cryptocurrencies under $1 today to invest. It is not just mere rhetoric. The project looks very promising even though the price is even less than 1 cent. Holo is a decentralized cloud computing platform that was launched at the beginning of 1028. The project needed a year to reach over $104 million in market capitalization. The main idea for the users is to host dApps on their devices and get a reward for this. 

Holo price is currently stable and fluctuates far below a cent. This is a double-edged sword.  Buying a cheap token of a very promising project allows you to rely on greater rewards in the future. The ATH was at $0.002, which is also far below the one-cent mark. Even so, you should not forget about the fact that the project is relatively young in contrast to its major peers. If you are still considering this project as an asset to invest in, you should pay attention to the following aspects:

  1. Holo offers unlimited scalability to the users. 
  2. This project is an example of decentralization. 
  3. Any type of full-stack applications may be built based on Holoblockahin. This network is not just another smart contract platform.
  4. This is a very fast network allowing us to conduct instantaneous transactions.
  5. They have a strong community that may be very helpful when dealing with the token price. 

The Pros and Cons of the Project

Holochain looks very promising even if this is one of the youngest projects of such a scale in the cryptocurrency community. Even so, before you make the final decision to add some tokens to your portfolio, you need to look through the undermentioned list of pros and cons. The advantages of the project are the following:

  1. This is a truly undervalued altcoin. The price of HOT is far below one cent allowing investors to buy more coins.
  2. Holochain looks promising as this is not another smart contract platform. The project allows users to create their own dApps.
  3. They offer a great team with great developers. 
  4. Users can run a node on a smartphone that is very useful and comfortable. You don’t need to buy those expensive devices to play the game.
  5. They have very good tokenomics.
  6. Their daily trading volumes are above $9 million, which means that the token is rather liquid.

As for the disadvantages, they are the following:

  1. The marketing of the project is limited. There is no hype around the project.
  2. The token price is far below one cent. The majority of investors can’t find this project on CoinMarketCap.

Polymath (Ticker: POLY)

This is a very interesting project that allows its users to convert any security into a digital asset. What is security? It is a tradable financial asset. This may be a proof of debt or a form of ownership. The size of the industry is huge as securities are traded in the stock markets which are spread across the world. 

Why does this project look promising? There are many reasons to migrate securities into Blockchain including:

  1. Easier management of the securities.
  2. Both equities and securities may be programmed.
  3. The company’s data will be more secured. 
  4. The securities market is way more liquid. 
  5. By transferring real assets into digital, investors and traders will be able to buy them 24/7.

Polymath is a coin under $1 as the current price is $ 0.04. Let’s take a look at the benefits you can get when buying this token.

The Pros and Cons of Investing in Polymath

What are the main advantages of investing in Polymath? Here they are:

  1. The security market is a really big industry with thousands of assets of different liquidity.
  2. Polymath’s ambition is to become the Ethereum in the world of securities.
  3. Tokenizing securities is way closer to real-life applications that many other projects.

There are also some disadvantages that you should keep in mind before buying this token:

  1. The CEO of Ethereum, Trevor Koverko, is widely criticized by the crypto community. 
  2. There are some obstacles on the way to tokenizing securities as this industry has very strict regulations.
  3.  It may take a long time before Polymath will be given official permission to tokenize digital assets.

Cardano (Ticker: ADA)

Cardano is something you have probably heard about if you are interested in Blockchain. This project is about safe and scalable value transferring. This Blockchain offers advanced features on smart contracts and a democratic governance system. Moreover, this is a cryptocurrency under a dollar that we would recommend for any portfolio to have. Why?

The price is far below its ATH which is a good opportunity for speculators to benefit from the price difference. The project is undervalued as it has huge potential, even greater that some leaders of the industry have. However, it is still under a dollar which is unfair in our view. At the moment, you have a chance to buy this token with a discount.

Even so, before you purchase this token for your portfolio, it is better to look at the pros and cons of Cardano.

The Pros and Cons of the Token

Here are the most impressive advantages of Cardano:

  1. Cardano project is considered to be more reliable than other Blockchain platforms as it uses the PoS validation mechanism.
  2. ADA uses a two-layered system where each layer is responsible for a complete set of tasks. Cardano has a higher level of scalability in comparison with the Ethereum network. ADA is also more decentralized than its peers.
  3. The level of transactions’ privacy is higher as there is no metadata being transferred. It is easier to update the network.
  4. Cardano uses the PoS consensus mechanism instead of the PoW, which is an advantage as no energy consumption is required. 

Cardano has the following disadvantages:

  1. The demand for cryptocurrency is low which results in low liquidity and lower daily volumes.
  2. The development of the project is slow. There are risks that some peers will be more successful.
  3. Not many features are available yet. The project is at the development stage. Moreover, the maximum speed is 157 transactions per second. 

BitShares (Ticker: BTS)

BitShares is not just another cryptocurrency under $1. It is a decentralized platform where you can create your own company shares using the BTS Blockchain. This is an attempt to make the real-life business closer to Blockchain as those shares will provide dividends to the owners if the company makes a profit.

Moreover, BitShres offer a scalable Blockchain with faster transaction speed and cheaper value transfers. Some experts call BitShares a second Tether which is a great solution for the instability of the crypto market. However, there is a big difference between Tether and BTS. BitShares is a decentralized token. 

The Pros and Cons of Investing in BTS

The advantages of investing in BitShares are the following:

  1. This is a decentralized platform that is considered to be Tether’s alternative.
  2. There is a PoS voting delegation system that allows users to delegate their votes to the others. This is the way to make democratic decisions even beyond the platform.
  3. BitShares is a scalable Blocvkchain which allows its users to carry out fast and cheap transactions.

As for the disadvantages, they are the following:

  1. There are several technical problems with the BitShares desktop and mobile applications. 
  2. There are some speculations about the BTS price being manipulated.

Substratum (Ticker: SUB)

Substratum’s current price is $0.003. Daily trading volumes are slightly above $2,000. The project is focused on the VPN and privacy network TOR. The online anonymity and privacy are in currently demand after some well-known scandals in 2018. This means that more customers are looking for solutions to hide their internet presence and activities.

One of the most important features that you can benefit from using the SUB is access to the websites that are blocked in your country. For example, this is a suitable solution for Chinese users to avoid the blockade of Google and YouTube by the Chinese government.

What are the main features of the platform?

  1. It allows us to bypass censorship problems.
  2. By using this Blockchain you can access blocked websites.
  3. You get this opportunity to freely share the information.
  4. SubStratum is a way to increase privacy.
  5. The validators can be rewarded with the SUB tokens.

What are the Pros and Cons of Substratum?

The advantages of the project are the following:

  1. There is a great demand for the means of bypassing internet censorship. You can look at the success rate of VPN services.
  2. More and more users want to keep their privacy and stay safe in their web activities.
  3. The more users adopt this system, the higher price the token will have.

As for the disadvantages they are the following:

  1. The project has some famous competitors. Private transactions are conducted within the MOnero network, for example.
  2. It is not easy to persuade TOR users to switch to Substratum. The team of the project has to do a lot in this direction including a high volume of investments into marketing strategies.
  3. The latency issues may appear unless Substratum becomes a global network.
  4. As for their marketing team, they are not doing a great job so far. 

Spectrecoin (Ticker: XSPEC)

This is another privacy-related token. The price of Spectrecoin is $0.08 at press time. Daily trading volumes are slightly above $39,000. Current CoinMarketCap position is 760 which is far behind the leaders.

Spectrecoin allows users to conduct private and anonymous transactions within their network. What is the main problem they are trying to solve? Most payment systems are not anonymous. They are monitored and centralized. Therefore, users cannot conduct transactions without being tracked. 

Moreover, if you consider Bitcoin’s transactions you can’t send coins anonymously. Everyone can track your transactions by having your public key. The main features of Spectrecoin are the following:

  1. Fast transactions (each transaction can be processed within a minute).
  2. Scalability. No matter how many users are on the network. This Blockchain remains scalable.
  3. The Blockchain can cope with mass transactions.

The Pros and Cons of Adding Spectrecoin to Your Portfolio

The advantages of buying Spectrecoin are the following:

  1. This Blockchain provides a higher level of transaction anonymity. Therefore, they will be able to attract more users in the future.
  2. They use the Proof-of-Stake consensus mechanism to provide scalability.
  3. The platform is compatible with the TOR solution where there are millions of users across the world.

As for the disadvantages, they are the following:

  1. There is already a very tough competition in this field. Tokens like Monero have great communities. It will be hard for tokens like Spectrecoin to get a slice of the cake.
  2. This project has no White Paper document, which is a bad signal for the investors.
  3. Their marketing strategy is poor. 

Decentraland (Ticker: MANA)

This is a kind of a game that is similar to Second Life. You can buy and sell land there. The platform has so much potential as the open-world games bring millions to their creators. The current price of the MANA token is $0.04. Daily trading volumes are slightly above $12 million which means that the token is in demand.

What are the main features of the project? Unlike many other games, you can create your own business here. This means that playing games can not only be fun but also it can bring you some great financial rewards. You can cash out each token on the platform later into fiat money. The game gives real freedom to its users.

What are the Main Pros and Cons of the Project?

The advantages of Decentraland are the following:

  1. They have already presented their decentralized real estate market.
  2. Some lots on the platform have been sold for 100K+ USD.
  3. This industry has a lot space to grow into.

As for the disadvantages they are the following:

  1. The technology for VR is still at the stage of development.
  2. The platform relies on the number of users.
  3. There are no significant differences from the platforms like Second Life. 
  4. The roadmap is still in process.

Ravencoin (Ticker: RVN)

Ravencoin was launched in 2018. This is a relatively young token. The project’s cryptocurrency was designed to prove the authenticity of ownership. It is a kind of a stamp of validation. What is this token used for? Let’s say you transferred tokens to another user of the network. Ravencoin is a kind of proof of ownership, your assets are protected from being destroyed. And one more thing to note. Ravencoin is a fork of Bitcoin which was designed to facilitate asset transferring. This means that the team is working on improving the Bitcoin’s weaknesses. 

The price of the token currently is $0.02. As for the trading volumes, they are surpassing $11 million every 24 hours which is a rather high level. 

Ravencoin’s Pros and Cons for an Investor

The advantages of Ravenoin are the following:

  1. This is an open-source project and everyone can contribute to its development.
  2. This platform offers a more efficient way of transferring assets. 
  3. There is no way to destroy the assets which is a huge advantage of the project. 
  4. Great trading volumes. This means that the token can be considered as a liquid, you can buy it or sell it faster than thousands of other tokens that have less liquidity.

As for the disadvantages they are the following:

  1. There are some technical problems with desktop clients.
  2. The project makes little marketing efforts.

Dent (Ticker: DENT)

The project appeared in 2014. Dent is a marketplace where users can exchange mobile data. The project is based on the Ethereum Blockchain network and its DENT token has ERC-20 standard. Dent includes three main branches:

  1. Mobile data marketplace. 
  2. Mobile data exchange.
  3. Mobile applications.

The Pros and Cons of Dent

Those who have decided to invest in this project will get the following benefits:

  1. Mobile data is currently in great demand. Moreover, this market will grow in the future.
  2. The mobile application is ready and has many positive reviews from customers. 
  3. Daily Dent’s trading volumes are above one million USD which indicates high liquidity of the token. You can sell it or buy it at any moment.

As for the disadvantages, they are the following:

  1. The team does not  have enough experience in the Blockchain space.
  2. The app has some technical issues.
  3. It is a rather specialized branch for a limited number of users.

The Pros and Cons of Investing in Cryptocurrencies Under $1

All tokens even Bitcoin have their growth potential. However, the coins under $1 sometimes are even more promising than the giants of the industry. What are the advantages of investing in those “cheap tokens”?

  1. They still have space to grow.
  2. Those projects have to prove their advantages to the community. 
  3. Their growth may reach thousands of percents in a relatively short period.

You can compare cheap tokens with cheap stocks. Many investors are dealing with cheap stocks as they are looking for great growth opportunities. However, you should never forget about the risks. They are the following:

  1. Such projects have a high volume of tokens in circulation. This creates problems with supply and demand.
  2. Risks of bankruptcy. This may happen if the team is bad in financial planning.
  3. The project becomes useless. Well, there are thousands of projects currently from high-speed, scalable Blockchains to tokens, designed to buy soccer players. Each of those projects may become useless if they no longer have a target audience.
  4. High volatility risks. If you are going to gamble with some tokens you need to bear in mind that this market is extremely volatile.