We all know that the price of a cryptocurrency is largely related to the token economics of the coin - however, people still love to look for psychological bargains under $1. This is a typical human practice as we always tend to look for bargains and buying a coin under $1 seems appealing to many investors with small initial investment sizes.
Although there typically is no advantageous benefit in buying these tokens under $1, as opposed to buying tokens above $1, there is still a great feeling when you own a few thousand of a particular cryptocurrency.
Here is a list of our top 3 coins under $1 and whey we think they are great buys!
1. Ripple
The top coin on this list is Ripple XRP, 1.92% - currently trading at a price of $0.41 and is ranked in 3rd position in the market cap with a market cap value of $17.50 billion.
Ripple pride themselves on providing cross-border international payments with significantly reduced costs and increased transaction times. The project team has managed to amass a partnership list that extends to over 200 banks and financial institutions that are using their remittance system.
Ripple has seen a rather muted trading period during 2019, not being able to make much movement above the $0.40 level which means it still has much room to recover in relation to the rest of its cryptocurrency peers - which is why we think it is an attractive option to buy underneath $1.
If Ripple can surge and reach its previous ATH price of around $2.76 - it will surge by a total of 550% from the current trading price - a very juicy return.
(https://coincodex.com/en/resources/images//admin/news/top-3-coins-under-1/cc_xrpusd.png)
2. Stellar
The second project on this list, Stellar Lumens XLM, -1.21%, comes in at the 10th ranked position on the cryptocurrency rankings by market cap, as it currently holds a $2.47 billion market cap value. Similar to Ripple, Stellar has also seen a rather muted period of trading during 2019 having pretty much traded sideways from the 2019 open price.
However, if the bulls can regroup and start the surge back toward the previous ATH for Stellar, it will increase by a total of 600% from the current market cap value - another great potential return.
Stellar is a project similar to Ripple in the sense that it provides a solution for cross border, low fee and instant transactions. However, Stellar is different in the sense that its platform is designed to bring together payment systems, banks and people.
(https://coincodex.com/en/resources/images//admin/news/top-3-coins-under-1/cc_xlmusd.png)
3. Basic Attention Token
The last coin on this list, Basic Attention Token BAT, -2.67%, comes in ranked at 27th position on the top cryptocurrency projects by market cap as it currently holds a $414 million market cap value. Basic Attention Token has had a very strong year compared with the rest of the coins on this list, after having been able to increase by a total of 145% from the yearly open price.
BAT is the cryptocurrency token that will be the power behind the Brave browser. The team over at Brave want to revolutionize the way that adverts are delivered to viewers through the way they are delivered through their dedicated browser, Brave. The team will be giving a larger proportion to advertisers and viewers of adverts can also get a cut too - all powered through BAT.
If BAT was to surge toward its previous ATH price it would increase by a total of 165%. However, as this is a relatively young project, it has the scope to increase much further than its previous ATH. This could possibly make BAT the coin with the best potential rate of return on this list!
(https://coincodex.com/en/resources/images//admin/news/top-3-coins-under-1/cc_batusd.png)
Source: coincodex (https://coincodex.com/article/3824/top-3-coins-under-1/)