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A cryptocurrency is a digital or virtual currency designed where you invest money and do trade in online platforms. Cryptography protects these digital currencies, that is why they are called cryptocurrency. Data in cryptography is protected from theft and can be used for user authentication. Cryptocurrencies are highly volatile, high-risk assets. Cryptocurrency has become a very popular option among the people in the country as an alternative investment. But, there is no certain rules and regulation which can protect investor’s interests. Here we will discuss some of the most popular Low Price Cryptocurrencies to Invest in 2022 under $1.
Shiba Inu (SHIB) is a meme token that is gaining popularity and started out as an exciting fun currency. Shiba Inu coin has attracted attention as a meme coin. As per the market data, the cryptocurrency reached its all-time high of $ 0.000084 in Oct 2021.
According to WhaleStats, data reveals that 1000 Ethereum whales still prefer to buy Shiba Inu, the popular meme coin. It is also used to pay to more than 50 global retailers and various companies or stores have accepted Shiba as their payment method for goods and services in December 2021. BitPay announced on its platform that consumers can choose Shiba Inu (SHIB) to purchase, store, and exchange digital currency in the BitPay Wallet App. As per CoinMarketCap data, Shiba Inu has increased in popularity among the top 15 cryptocurrencies as per Market Capitalization.
Market Cap: $18,516,889,652.99, Price (USD): $0.00003374, Change: + $0.000000006181, Percentage Change: 0.17%.
Tether is a blockchain-based cryptocurrency backed by the US dollar, issued by a Hong Kong-based company.. It is a stablecoin. Its daily trading volume becomes doubled( $44bn) that of Bitcoin($22bn). Tether(USDT) is the largest and has the most trading pairs among other competing stablecoin. Tether’s market cap has shot up from $45.86bn to $92.45bn in a little over three months.
Tether secured with widespread integration and token backed up by actual assets which has a slight price movement seen monthly range between at a low monthly price of $ 0.998 and a monthly high price of $ 1.00, according to CoinMarketCap. There have been some corrections in recent months that may have lowered the price of Tether(USDT).
Market Cap: $78,359,304,311.50, Price (USD): $ 1.00, Change: $ + $0.00009947, Percentage Change: 0.01%.
VeChain is a blockchain-based platform designed to improve supply chain management processes that enable manufacturers to offer unique identities to patents or products on platforms. It has two different tokens VeChain Token (VET) and VeChain Thor Energy (VTHO) which are as a value layer and smart contract layer tokens respectively. According to VeChain, price forecast for 2022, the market looks promising and could reach $ 0.13 in one year. The VeChain project was launched in 2015 and powers the VeTale network. The circulation of VET coins reached more than 65.44 billion from total offerings of 86 billion, according to CoinMarketCap. As per technical analysis, it shows the temporary sentiment of VET is neutral.
Market Cap: $$5,511,716,937.90, Price (USD): $0.08573, Change: $ + $0.001611, Percentage Change: 2.07%.
DOGECOIN (DOGE) is based on a dog meme that has the 12th-largest market capitalization of all cryptocurrencies at $23.5bn. Currently, DOGE was trading at $0.173. Dogecoin’s official Twitter page has more than 2.6 million followers. Tesla CEO Elon Musk has several tweets on social media where he expressed Dogecoin is his favorite currency. Some investors have tried to convince Elon to accept it as an alternative Tesla payment method. According to the Dogecoin price forecast, the market looks promising and could reach ATH $ 1.2 within 2025 where long-term forecasts show that it may take several years. According to Cryptowerk, you can use DOGE to pay to over 2,000 merchants, from online shopping to theatres, web developers, gaming, and gambling sites.
Market Cap: $ 22,809,362,491.83, Price (USD): $0.1719, Change: + $ 0.0005549, Percentage Change: 0.3%.
Stellar is an open-source, peer-to-peer, distributed ledger that will facilitate cross-border payments and securitized assets. Stellar is one of the most effective with best performing altcoins for the past five years with a market capitalization of more than $ 1 bn. Currently, the XLM price is trading at approximately $0.2817. Lumen(the organization’s currency), that is traded under the XLM symbol in different crypto exchanges.
The Stellar Development Foundation (the United States-based non-profit organization) is the support level system of Stellar. Stellar Lumens might continue the upward trend, and by the end of 2023, analysts predict that the price of Stellar will be trading at $0.88. The price of the Stellar token dropped by more than 60% due to the Chinese market disorder. The price may witness corrections after touching all-time highs.
Market Cap: $6,950,613,888.85, Price (USD): $0.2802, Change: $ + 0.009312, Percentage Change: 3.4%.
Read Also: How to Invest in Cryptocurrencies in India.
Disclaimer
All the information are used for education purpose only. Investing in Cryptocurrency poses a risk of financial losses. Investors must therefore exercise due caution. InvestoAxis is not liable or responsible for any losses caused as a result of decisions based on the article.
