Best Cryptocurrency Under $1: Top 5

Are you looking for the cheapest crypto to buy now? "Cheap" can mean different things, but if you have ever dreamt of owning a couple thousand of one coin, you are in the right place. Because in this article, we look at best cryptocurrency under $1. More specifically, this is where you will find the top 5 best cryptocurrencies under $1. While there are about a million and one crypto tokens under $1 or even under $0.01, not all are equal. And just because a coin looks cheap does not guarantee a good price performance in the short or long run.

But before we look at the best cryptocurrency under $1, let us first consider what you need to know to find the best cryptos to buy now.

Best Cryptos To Buy Now

When looking for the best crypto coins to buy now, there are a few factors you should look out for to improve your chances of finding cryptocurrencies with the most growth potential. One factor is real-life use case. Does the token solve a real problem? Are people already using it to solve said problem? Are there many current users or partners? All these questions help you determine if the cryptocurrency you are looking at has growth potential. The next factor to look at is solid recent price performance. This is a particularly helpful factor during bearish market conditions like we are experiencing now. A cryptocurrency that has performed equally or better than the rest of the market has increased chances to continue showing strong price performance. The last thing to look out for if you want to find the best low-cost crypto to invest in is a well-balanced portfolio. Betting on one cryptocurrency alone is extremely risky. Instead, building a portfolio with microcap and blue-chip coins is much safer.

Best Cryptocurrency Under $1: Top 5

In this list of the top 5 best cryptocurrencies under $1, you will find exactly that: a mix between microcaps, midcaps, and blue-chip tokens.

1) BudBlockz – Best New Microcap Crypto Under $1 to Invest in 2022

The best microcap cryptocurrency under $1 to buy right now is BudBlockz's native token, $BLUNT. BudBlockz builds the first all-in-one solution for decentralized cannabis e-commerce. Now that cannabis and marijuana have become legalized more globally, a market of an estimated $176b is opening up. Not only that, cannabis e-commerce is still in its infancy, and blockchain technology builds the ideal infrastructure to create a decentralized, transparent and secure platform for all market participants.

BudBlockz is one of the best candidates to become a market leader for cannabis e-commerce. Their decentralized marketplace and native token $BLUNT allow for a secure and fair-trading environment for farmers, dealers, and end users. In addition, their NFTs will allow you to profit from fractional market ownership, as well as exclusive membership bonuses.

If you want to be an early investor in a cryptocurrency designed for a market with incredible growth potential, then you are in luck. Because not only is $BLUNT one of the best and cheapest small cryptos to invest in now, but you can even get it at a discount. During their presale, which lasts until December 4, 2022, you can get the token for $0.025 before it gets released to the public.

2) Chiliz – Best Crypto to Buy for Short-Term

The next top token under $1 is Chiliz, the best crypto to buy for the short term. Chiliz is the leading fintech provider for sports and entertainment. It provides the infrastructure for sports fan engagement platforms, such as Socios.com. With a projected $30b revenue for 2022, Chiliz taps into a huge market as the decentralized leader. This innovative project is a top 100 cryptocurrency, currently sitting at #52 on Coinmarketcap, with a $1b market cap and a current price of about $0.19. It hit its all-time high of about $0.75 in April 2021. But what makes Chiliz a really interesting crypto to buy for the short-term is that it has doubled in price from its lows of $0.09 in June 2022. Plus, recent social mentions have increased drastically, pointing to a potential price increase.

3) Cardano – Best Crypto to Buy on Coinbase

The best crypto under $1 to buy on Coinbase is Cardano. Cardano is a proof-of-stake blockchain platform similar to Ethereum. Their goal is to surpass Ethereum in speed and cost as they aim for 1,000,000 TPS (transactions per second). Cardano is currently the #8 cryptocurrency, according to Coinmarketcap. At the current price of $0.38, it has a market cap of $13b. It hit its all-time high of about $3 in August 2021, right before the Alonzo mainnet hard fork, which has upgraded the Cardano network for smart contracts. Cardano has been trading relatively steadily in the $0.38 to $0.48 range. You can also stake Cardano to earn a 5% return per year (APY).

4) XRP – Best High Crypto Market Cap

Ripple's native token $XRP is this list's best high crypto market cap coin. Ripple builds financial solutions for businesses and aims to replace banks by establishing an ultra-fast, simultaneous transactions network. The token $XRP is the medium of exchange between two currencies or networks. $XRP hit its all-time high of about $3.40 in January 2018. It then experienced another run up to $1.76 in April 2021 before finding support in the low $0.3 range in June 2022. It has since almost doubled and is currently trading at $0.5. The price performance has been overshadowed by a lawsuit filed by the SEC, which accuses Ripple of selling unregistered securities. However, the fact that $XRP has not lost much ground despite the ongoing lawsuit shows its growth potential. If Ripple wins the lawsuit, $XRP has a good chance of absolutely exploding in price.

5) Tron – Lowest price cryptocurrency

If you are looking for the lowest-price cryptocurrency that is already trading, you might be interested in Tron's native token $TRX. Tron has built another "ETH-killer" smart-contract platform that aims to build a decentralized web structure. One significant advantage of Tron is that their network is extremely fast, allowing you to send tokens within seconds. $TRX is currently trading at $0.06 with a market cap of 5b, which makes them #16 on Coinmarketcap. It hit its all-time high of $0.23 in January 2018 and has since lost less value than many other cryptocurrencies. $TRX has found strong support at around $0.05 and has been trading steadily between $0.05 and $0.08 since the beginning of 2022. This is an impressive performance for a bear market.

Best Cryptocurrency Under $1: Top 5 – Conclusion

This concludes our list of the best cryptocurrencies under $1 to buy now. While there are a lot of strong blue chip performers, the biggest growth potential usually lies with microcap cryptos. And if that cryptocurrency solves a real-life issue, then you have a good chance of owning a winner. The best example is BudBlockz, where you can be an early investor in a promising industry. You can even buy their token $BLUNT at a discount during the current presale.