Approximately 20,000 cryptocurrencies exist at the moment. Most of them have not yet overtaken the dollar in parity.

The top five cryptocurrencies to buy for under $1 in 2022

1. Cardano (ADA) :

The most valued cryptocurrency to purchase for under $1 in 2022 is Cardano, the biggest smart contract platform. Cardano, which was introduced in 2017, is aiming to surpass Ethereum as the most popular smart contract platform in the long run. It is different from other blockchain technologies in that it was the first to undergo peer review, making it the most secure crypto network.

The Cardano blockchain is less dynamic since programmes and protocols on the network must be peer-reviewed before being incorporated into the ecosystem. For instance, it has yet to fully develop in the Defi, dApps, and NFTs sectors and only integrated the smart contract capability in September 2021.

Investors have faith in Cardano because of its security, competent leadership under Charles Hoskinson, and high degree of decentralisation. These have effectively helped Cardano increase its market value above $17 billion and establish itself as one of the top 10 most valuable cryptocurrencies on CoinMarketCap's list.

Cardano is anticipated to launch a number of key features and initiatives, from meme currencies to Web3 Apps and protocols, increase the number of partners it has, and expand its DeFi and dApps services.

All of them are anticipated to contribute to the exponential growth of ADA token prices, which are predicted to reach $25 in 2025 and $50 or more at the turn of the decade, thus increasing your investment by 10,000%.

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2. Ripple (XRP) :

The goal of ripple currencies and the ripple blockchain is to upend the international banking sector. They want to develop a cross-border payment and messaging system that is quicker, more secure, more reasonably priced, and more efficient in place of the SWIFT payment and communication network. Numerous prestigious banks all around the world have already embraced the Ripple payment system.

When XRP was introduced in 2014, the cryptocurrency market recognised its enormous potential right away, and by 2018, it was trading above $3.50. But as soon as the SEC brought a claim against Ripple Labs in the US, the price of the XRP token began to plummet, eventually losing parity with the dollar.

All of this is to imply that the ongoing SEC action is the only reason the Ripple token is trading below $1, which explains why we listed it as one of the top cryptocurrencies to buy right now for under $1.

This suggests that XRP is likely just one rally away from surpassing $1 and the SEC-case verdict from causing an explosion.

3. Dogecoin (DOGE) :

The most valued and widely used meme money is dogecoin. Elon Musk, a well-known entrepreneur, as well as a large number of well-known investors and crypto influencers, support it. Additionally, Dogecoin has a sizable and active fan base, particularly on Twitter and Reddit. It joins our list of the best crypto under $1 to purchase in 2022 because of its propensity to provide big profits for investors in a short period of time.

Elon Musk's backing, a resurgent meme currency mania, a reviving crypto market, and persistent crypto community enthusiasm are all predicted to contribute to DOGE's value increase and skyrocketing investor portfolios.

4. Basic Attention Token (BAT) :

A token-based cryptocurrency called Basic Attention Token was developed by Brave Software and given to Brave Browser users. It is a cryptocurrency that has a lot of potential and is aimed at the multi-billion dollar internet advertising market. It rides the privacy wave of the internet and aims to give you greater choice over the kind and quantity of personal information that marketers gather from you, the kinds of advertisements you see, and even the money they provide you to watch these advertisements.

Given that the Brave browser presently has more than 50 million active users per month since its launch in 2017, its adoption is steadily increasing. BAT is one of the top cryptocurrencies under $1 to buy right now, but that opinion is not just based on its bright future and user appeal.

Additionally, it is anticipated that by 2025 and 2030, the token prices will be $2 and $20, respectively, representing profits of more than 650 percent and 6500 percent, respectively.

5. Stellar Lumens (XLM):

Another inexpensive cryptocurrency that costs under $1 is XLM. A highly decentralised payment network that is open-sourced, Stellar aims to completely overhaul the global financial system. The provision of crypto storage services and financial inclusion and reach to the unbanked are two of its major aims that help it gain favour with the crypto community. Cross-border transactions are another goal of Stellar's, and both cash transfers and trades on its decentralised cryptocurrency exchange are very reasonably priced.