This is the list of best cryptocurrencies under 1 cent with high potent prospects in the near future. There are over 18,000 digital currencies making up their way to the list of best and most profitable cryptos but l can assure you that not all will make the list.
This list of best cryptocurrencies under 1 cent may explode in the future or may not especially since there is no guarantee that cryptocurrency will stay forever. But that doesn’t stop the fact that we can still pick some possible candidates that are taking advantage of trends like metaverse, decentralised finance and artificial intelligence.
Crypto can make you wealthy over time same way it can break your bank. Having the list of cryptocurrencies under 1 cent is not enough to start buying or investing. You must seek an expert’s view on them and how possible is it to make a good return from them. This is because there are more than 100 cryptocurrencies under 1 cent that are scams – they will disappear soon. And this article serves you the list of best cryptocurrencies under 1 cent.
However, we are not serving you with financial or investment advice. The article is for educational purposes only.
20 Best Cryptocurrencies Under 1 Cent To Invest In 2022
This is a Defi meme token created on Binance smart chain blockchain. As a digital asset, it seeks to fulfil decentralised-finance ambitions. The difference between safemoon and other Defi tokens is that it charges sellers a 10% fee and then redistributes half of the charge to other holders to motivate buying and selling.
This use case of the Safemoon token seeks to rectify the investors’ bad habit of premature selling and the extreme volatility that plagues the crypto industry.
Safemoon is backed by a strong community, and investing in this token is a good choice. However, you first need to consider all potential risks. For example, like other cryptocurrencies, Safemoon also features high volatility. In addition, it may also encounter the problem of insufficient liquidity.
Evergrow [ EGC ]
EGC is a deflationary token. This means it will become scarce over time just like bitcoin hence its price is highly likely to shoot up in the near future. Just like Safemoon, it is built on Binance smart blockchains serving quite th same purpose as Safemoon – which is to cut down the volatility in the crypto world. Hence, holders of EGC earn an 8% reward on every sell transaction and buy.
After the crypto world suffered $500 billion lost this year, evergrow is one of the few tokens that managed to creep back in price in April.
EverGrow Coin regained the prices it saw in January, to see a price rise from $0.00000039 to $0.00000062 in the last months. These are gains of 61% and which happened in the space of a few hours following a new listing of EverGrow Coin on the DigiFinex crypto exchange.
The volume added to the EverGrow Coin reflections sent the total to over $36 million in BUSD rewards to date. For a project that launched in September last year, this is a high amount of stable coin rewards to investors. Making it one of the best cryptocurrencies under 1 cent you can put on your checklist.
The key difference between EverGrow Coin compared to Safemoon is that Safemoon rewards its investors in the native SAFEMOON tokens – EverGrow Coin pays reflections in Binance USE.
Tron [ TRX ]
Tron is a decentralised open-source blockchain-based smart contract functionality created with the aim of providing FULL ownership rights to digital content creators. It seeks to reward content creators greatly without intermediaries like YouTube, Facebook or Apple which tend to pay these creators only a small part of the income.
Therefore, the platform was built to create a decentralized Internet and serves as a tool for developers to create dApps, acting as an alternative to Ethereum. Anyone can create dApps on the TRON network, offer content, and in return receive digital assets as compensation for their efforts
With the current price of $0.06 at the time of this article, TRX has a 92.50B value of the coin in circulation which is a strong factor to consider in determining whether or not a cryptocurrency will stand the test of time and soar. In addition to that, the ability to create content and share it openly without hesitation regarding transaction fees is an undeniable advantage of TRON.
VeChain [ VET ]
This is a versatile enterprise-grade L1 smart contract platform working to explore the application of the blockchain. VeChain aims to use distributed governance and the Internet of Things [ IoT ] to create an ecosystem that solves major data hurdles for multiple global industries.
By leveraging the power of trustless data, VeChain is building the digital backbone that will underpin the fourth industrial revolution which demands real-time and trustless data sharing between many participants.
Is VeChain a good investment? well, per the long forecast on VET, the price will be on a steady rise to at least 0.034 by the end of 2024 but may dwindle afterwards. Also, VET is currently cheap and selling at a low of over 90% below its all-time high price and has the potential to regain and surpass its all-time high price.
1inch network is DEX [ decentralised exchange ] aggregator that allows users to swap different cryptocurrencies by just linking a crypto wallet. It is a simple way to get the most for your cryptocurrency when using DEXs, it instantly compares prices on tonnes of different platforms to find the best rate.
Aside from the extremely useful aggregation protocol, 1inch products also include a limit order protocol that let you set specific trade conditions and 1inch Earn, which offers annual yields of 5% to 10% on stable coins.
1inch’s significant volatility after a surge in 2021 has scared a lot of investors and top analysts have predicted a deeper value of the coin in the near future, however, some still hold that it will rise after dropping dramatically from $7.87 to the lows of $0.93 within 5 days- from 8th May to 13th May. Its current value is $0.72 per 1inch.
Render is a decentralised GPU network designed to connect digital creators performers, artists and studios who need GPU computing with partners who are willing to rent out their GPU computing power. Render token is used in paying these GPU providers. And since the growing interest in virtual reality and digital worlds, metaverse tokens are gaining exposure and potential to blow.
In other words, metaverse applications could possibly make Render a good cryptocurrency investment in 2022 and beyond as long as metaverse lives.
A push to its future performance is that Coinbase Global, one of the top cryptocurrency exchanges have begun listing Render and this is huge exposure to a pool of potential investors that will make the coin rocket soon.
Fetch.ai cryptocurrency project seeks to provide users with digital twins that can handle tasks like scheduling events, and payments on the users’ behalf. The project developers built this blockchain platform that uses artificial intelligence and machine learning to execute tasks.
These digital twins can perform any task given to them, for example: find exclusive parking spaces near a destination, plan a date with your loved one at a time that favours you etc. Entrepreneurs and business moguls could use their digital twins to save time and run businesses more efficiently. Hotels, restaurants, coffee shops and a lot more can also have digital twins.
Fetch.ai at a low price value of $0.081 and high price value of $0.09 at the time of this article will make a good long-term investment [ say now to 2028 ] per top predictions from top crypto analysts.
Basic Attention Token
Getting paid for browsing the internet sounds good. That is what BAT does with the Basic Attention Token. As soon as you installed and started using the company’s browser called Brave Browser, the browser replaces internet ads with ads that pay you to surf in BAT. And you are in control of what personal information the advertisers access.
This Basic Attention Token – a digital currency for the Brave platform – made our list of penny cryptocurrencies that will explode though it has a long to go in changing the top spot with the big guys in the browsing business, it is currently having more than 50 million monthly active users. And that is a good starting tone. This tips BAT token and the Brave browser a good crypto project and one of the best cryptocurrencies under 1 cent you can invest in for a long-term reward.
Ripple [ XRP ]
Ripple and its cryptocurrency XRP made the list of best cryptocurrencies under 1 cent as a payment protocol that uses blockchain technology for fast and cheap transactions. As said in our latest article on cryptocurrencies tipped to blow big, the only problem ripple and XRP is having now is the Securities and Exchange lawsuit it got embroiled in at the end of 2020.
Even in that, the XRP has managed to keep more than the average of its investors and added more. XRP is tipped to blow at the end of the lawsuit when the court finally vindicates it.
How To Detect A Scam Cryptocurrency
Personally, I look out for scam digital currencies by entering them into websites like coinmarketcap, coinbase and binance. And then l make sure it is trading on WazirX, CoinDCX and CoinSwitchKuber. Though a coin may not make it to these sites instantly because the websites have to do their checks before listing it.
I also look out for their websites and white papers of the projects, make sure they have a location listed on their contact us or about us page, and check if the developers and the creators are trackable – is there enough information about them on the internet? Also, watch out for ‘too good’ promises of a higher return in a shorter period and finally, their website URLs don’t have the green lock icon indicating its safety – this is not a major point though.