Cryptocurrencies are the best option to invest in the present times. After the stock market, cryptocurrencies are what lakhs of people are investing in now. Bitcoin is indeed the top-rated cryptocurrency but here we will talk about other altcoins that might offer good returns in the longer run.
So, if you are looking for cryptocurrencies under USD 1, then penny Altcoins with high potential is what you can invest in. With 2,500+ cryptocurrencies to invest in, you have varied options to invest in. But choosing the right coin is what you need to research on because all cryptocurrencies are not created equal, and not every coin is going to return a profit.
Recently, the crypto market is going through some major changes, with Bitcoin price changing, TUSD taking place of Tether and much more. One thing is evident that the crypto market has moved from 130 billion USD to 250 billion USD in the past three months, and new users are entering the market, hence the competition is going to be tough.
There is indeed cheap cryptocurrency to invest in 2020 that are perfect for a bull-run in the coming months. Let’s explore the best cryptocurrencies under $1.
Table of Content
1. QuantStamp (QSP)
QuantStamp is known as the first scalable security-audit protocol made to trace the security loopholes in making Ethereum smart contracts. Cryptocurrencies and blockchains are always having a fear of hackers such as in the case of DAO attack in 2016 in which 3.6 million ETH were stolen by hackers.
QuantStamp (QSP) offers monthly Airdrop of several new coins to long term investors. It sounds wonderful for investors to get ample profit by investing in QuantStamp. The QuantStamp has touched its lowest price. It happens due to the Ethereum scalability issue that brings it to value down. Hence it is considered as the best cryptocurrency under $1 and a good chance to get benefits for investors.
2. IOTA (MIOTA)
Blockchain has been a driving force for IOTA. The IOTA Foundation, a German non-profit oversaw the IOTA virtual currency and launched its Data Marketplace for a two-month demo in 2018. IOTA’s Data Marketplace is a setup that allows companies to sell data in order to incentivize data sharing. Further, this marketplace is blockless as all the transactions on the network can be made for free thereby resolving one of the biggest constraints of transaction fees in blockchain technology. Today, it stands amongst the best cryptocurrencies under $1.
3. Ardor (ARDR)
Ardor (ARDR) runs on the Blockchain as a Service (BAAS) business model, and that’s the key reason that many companies want to invest in it. However, blockchain being a complex technology, the barrier to entry for most businesses is simply unbreakable. And Ardor aims to provide businesses with the ability to implement blockchain into their operations. An altcoin to keep an eye on as you never know it could potentially service millions upon millions of businesses. On this Valentines Day, this cheap cryptocurrency 2020 ran a special promotion for its fans wherein crypto enthusiasts got an opportunity to gift their loved ones a new Ardor Account filled with some funds.
4. Nem (XEM)
The New Economy Movement (NEM) is a Smart Asset System that allows companies to develop their business platform. It basically provides the system using which others can build decentralized applications (DAPPS). It is like Apple’s app store – a technology on which others can build upon, and a coin that could offer good returns in your crypto portfolio. This peer-to-peer platform provides the ‘Messages’ feature included in a transaction that can be used for secure communication and multi-signature transactions that protect users from hackers and secure the community-held funds.
5. Ravencoin (RVN)
Ravencoin has been inspired by Game of Thrones, especially the mythical world of Westeros. As ravens used to send statements of truth from one party to another, in a similar way, Ravencoin (RVN) is designed to carry a “statement of truth” to who owns what asset. A coin that has the extremely high potential for success, that’s why the CEO of Overstock has invested millions of dollars into it. Even TokenizEU has chosen Ravencoin platform for its all-new potential assets.
6. Stellar Lumens (XLM)
Though Stellar Lumens (XLM) falls under 1 dollar it is not a small-cap cryptocurrency, but it is a decent choice if you are looking for cheap cryptocurrency to invest 2020. With one of the largest market caps of all cryptocurrencies in circulation, this cheap cryptocurrency still has a huge potential for growth. This lending cryptocurrency works on speeding the payment and lowering the costs of cross-border transactions. Serving a multi-trillion dollar a year market, it is among the ‘leading’ cheap cryptocurrency to invest in. XLM is currently the ninth largest coin in the crypto space in terms of market cap. As on February 14, 2020, its total market cap stands at US$ 1.47 billion.
7. Cardano (ADA)
Another coin with a high market cap and a ton of room to grow – and credit goes to its smart contract platform. It also offers a system for other companies to build financial applications with a key focus on security. Its development team is making consistent efforts to upgrade its Daedalus Wallet in order to make it highly functional for every type of transactions. It is a cryptocurrency under US$ 1 that has tasted success and is worth digging deeper into. Moreover, it currently falls under the list of top 10 coins in terms of market cap. Not only this, Cardano has been continuously investing in partnerships with different governments across the world to sustain in the blockchain industry.
8. BitTorrent (BTT)
BitTorrent is one of the oldest and popular cryptocurrencies. It is circulated in more than 138 countries and has captured 22% of total upstream traffic from the crypto world. More than 100 million users trade in bit torrent every day. Bit torrent (BTT) enables content developers to connect with their audience and allow them to earn and spend digital currency without the involvement of third party person. A new venture between Bit torrent (BTT) and TRON (TRX) will prove profitable for investors and traders.
According to resources Bit Torrent tokens will be distributed among TRX holders in the proportion of
0.11 BTT = 1 TRX which makes it one of the cheap cryptocurrency 2020.
9. Pundi X (NPXS)
Pundi X (NPXS) is a transaction system which is easily accepted by small and medium merchants. It allows them to make transactions in an easy tap to pay system using cryptocurrency. The main feature of Pundi X (NPXS) is that buyer and seller can use their existing cryptocurrency for transactions. You can also buy cryptocurrencies such as Ethereum, bitcoin, ERC20 tokens, etc. using Pundi X.
The NPXS application allows users to top up their cards with the existing or native fiat currency. It helps users to sell blockchain related services in the physical market. While Pundi X tokens are considered the cheap cryptocurrency to invest in 2020 but its future is great as it has got the growth of about 150% merely within a week.
10. Ontology (ONT)
A Chinese company Onchain launched Ontology in 2017. Ontology (ONT) is a new player in the world of crypto having their public blockchain project and set of rules, smart contracts, and DLTs. The Ontology blockchain system supports many other public blockchain systems to optimize them for several applications using their existing modules.
The Ontology (ONT) module is used to verify identity and provide authentication for users, assets, and objects. Cryptocurrencies fluctuate and face many challenges. Though Ontology coin current price is $0.6427 and consider the cheap cryptocurrency 2020, but its makers say that it will touch the benchmark in 2020.
Cryptocurrencies allow investors to earn a lot within a short period of time. With thousands of digital coins in the crypto market, it’s not easy to figure out which one to invest in. So, before deciding on what cheap cryptocurrency to invest in 2020, it’s always better to explore the market capitalization of the coin. Keep an eye on above coins as these cryptocurrencies are likely to skyrocket in the future and make you rich someday.
KuberVerse is an educational initiative. Anything expressed here directly or indirectly is not investment advice. And we ask you to do your own research before investing.