Top 5 crypto currencies under 1$

Over the past years , we have gone through a very wild ride within the crypto market. Although the past 1 year hasn’t been the best for price gains.

If you are following the simple principle of buy low and sell high, this might actually be one of the best times to start building your positions to get in while prices are still heavily discounted so just to simplify that a bit further .

Here is a list of best crypto under $1:

1.Gandercoin (GAND)

Gander coin is India’s first launched cryptocurrency. It came into market on 30th may 2022 . indian crypto coin It is build on blockchain technology that uses Scrypt Algorithm that provides a higher level of security for a safe, transparent transaction 

It is available on various trading platforms like CoinCRED and COINLORD.It’s initial price was 0.13 USDT.

2.Algorand(ALGO)

If you are unfamiliar with Algorand here’s what you need to know.

Well, they are scalable secure and decentralized cryptocurrency and smart contract platform. Algorand was launched at $2.40 during its ICO (initial coin offering) on the 19th of June 2019. It solves the blockchain trilemma of speed, security, and decentralization simultaneously. They have developed their own consensus mechanism that is a variant of proof of stake called pure proof of stake. The main benefit of this is that Algorand’s technology finalizes blocks in seconds and provides immediate transaction finality . 

Algorand was founded by MIT professor Silvio Micali in 2017 and built by Algorand Inc, a software company based in United States. Okay great!

now let’s look at how they stake:

There is no minimum stake to become a participant node on algorand staking can be easily done using official algorand wallet mobile app.Algo staking rewards are currently around 5% per year and there is no look up period for staked algo .

the first indian crypto coin participant nodes on algorand also won’t see their stakes slashed if they try to manipulate the network so as a result of these conditions around 52 percent of alga’s total supply is currently being staked .

price prediction:
The maximum supply cap of Algorand is 10 billion, currently 6.1 billion algo coins have entered the market .

3.Chiliz(CHZ)

Chiliz was launched in October 2018.

It is a digital currency that is designed to purchase fan tokens on the socios.com market. It’s entire purpose is to engage professional sports teams and leads to bring them into a digital environment where they can offer their fans different exclusives and rewards .in some cases these teams and leagues offer voting rights to fan token holders on different issues. Fan tokens are a finite digital assets that provides access to an encrypted ledger of voting and membership right ownerships. These tokens are unique to each team or club. Owners of fan tokens can participate in the decision that the team opens up to a voting through a mobile voting app so token holders can vote one time for each token they have.

4.Polygon(MATIC)

It was created in 2017 in India, initial lauch prize was $0.00263. Polygon project was known as Matic or Matic network. It started in 2017 by three founders who were active participants in cryptocurrency community in India and decided to band together and tackle Ethereum’s scaling problems.  cryptocurrency trading in india Ethereum needs scalability which Polygon provides.It is one of the best crypto to invest in.

As blockchain network becomes more decentralized they also become sluggish and expensive to use especially when more users join in and make transactions. Ethereum has been facing one such issue, especially since it has been getting more usage but also has scalability issues. As a result, Ethereum transaction fee has been getting high.

One approach to solve this problem is designing a new network with a different name and a coin, secured in a different way than Ethereum. This new network is completely separate from Ethereum and can scale accordingly. However the ecosystem surrounding the main network has to start from scratch.

Another way is extending the functionality of Ethereum through a layer-2 solution.

In this method a secondary network runs in contact to the main network. Transactions are quickly verified in the secondary network and are set up later in the main network. Now this is the approach that polygon takes. It’s a Proof of Stake Ethereum sidechain. The platform allows developers to launch blockchain that are highly scalable but also benefit from Ethereum’s security and network effect by proxy. Polygon’s MATIC token is already an ERC-20 token native to the Ethereum network, and can interface with  Ethereum, ecosystem as needed. Not only that, but Polygon can provide developers with a choice of different L2 solutions according to their needs. With Layer-2 solutions providers like Polygon, users and developers can get a similar experience to Ethereum, the security of the main network, and far improve performance for their applications and that’s how polygon works

5.TRON(TRX)

It was created in 2017 by Justin Sun. Originally TRX were ERC-20 based tokens but in 2018 , they separated to become their own token.TRX’s highest price was achieved in January 2018 when the coin reached $0.30. 

Tron brings a unique element to cryptocuurency market since it is designed to be used in gaming and gambling industries with the aim of expanding blockchain based games with features of legal gambling .TRON is a blockchain based operating system like windows that allows you to create decentralized apps and share digital assets.

TRON uses TRX the trx token to give its users access to their OS even though the main purpose of the token is to use on the tron network , it can still be traded on exchanges like any other cryptocurrency .it uses smart contracts that are stored on its own blockchain to help decentralize application developers in creating and implementing sophisticated protocols.Initially, network has a maximum speed of 2,000 transactions per second  and the best part is there are is no transaction fees.

The network works on a few principles , and the first is that all network data is free and not controlled by central authority. Creators can create their own coins or tokens, which can be used within their own Dapps on the network.

by: Nidhi Chaudhary

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