Here are the best cryptocurrencies to purchase for under one dollar during the current bear market.
In light of the recent downturn in the cryptocurrency market, I have compiled a quick summary of what I consider to be the top three under-dollar cryptocurrencies to invest in for 2022.
1) Ripple (XRP)
By market capitalization, Ripple is the seventh-largest cryptocurrency. The altcoin’s popularity as a top 10 crypto asset has not waned despite the many debates surrounding it. XRP is now trading at a discount of more than 6000 percent, making it an excellent long-term investment opportunity.
2) Cardano (ADA)
Our list of the top penny cryptocurrencies to invest in 2022 includes Cardano since it is one of the cheapest. With a market capitalization in excess of $15 billion, the biggest smart contract network and one of the most dangerous Ethereum rivals is still selling at a discount. Because I believe that ADA will see a growth rate of more than 5,000% during the next five years, I think that purchasing it now is an excellent investment.
3) Tron (TRX)
Tron’s vast rally might be aided by a variety of reasons. To put it another way, the popularity it’s getting among fans as well as investors is a big part of what makes this token so special. Don’t forget its incredible integration of NFTs, Web3, DeFi, and dApps. As a result, I include Tron in my list of the best under $1 cryptocurrencies to purchase for 2022 and expect it to rise by more than 5000 percent and break over $3 in the next five years.
4) Shiba Inu (SHIB)
Shiba Inu, the memecoin that holds the position of second biggest in the world, presents an excellent chance for long-term investment. The SHIB cryptocurrency now ranks fifteenth in terms of market capitalization, and I anticipate that it will have a significant uptick in price over the next couple of years.
5) Stellar Lumens (XLM)
Stellar Lumens, much like Ripple, is an ambitious cryptocurrency project that aims to transform the global financial sector. It is one of the greatest cryptocurrencies to invest in if your budget is less than one dollar. Within the next ten years, I anticipate that the value of XLM will have increased by more than 500,000 percent and have broken above $50.
6) Decentraland (MANA)
My list of the best cryptocurrencies to purchase for less than $1 must include Decentraland (MANA). The market valuation of the Metaverse token is now about $8 billion, making it a cryptocurrency with significant scale and widespread use. 1.82 billion tokens are now in circulation, which is almost one hundred times more than Bitcoin’s total supply.
7) Dogecoin (DOGE)
It’s a great moment to get in on Dogecoin, the world’s largest memecoin, which is trading around $0.14 at the time of this writing. It’s impossible to see the price of the famed token falling much farther than it already has; therefore, the only way to go is up. In a couple of years, I estimate a 3000 percent growth.
8) Basic Attention Token (BAT)
The Basic Attention Token (BAT) is now trading at $0.646, a far cry from its all-time high of $1.92 set in November of last year. The Basic Attention Token is a fantastic long-term investment since some analysts believe it will rise to more than $3 by 2025..
9) Algorand (ALGO)
Algorand is one of the best under $1 cryptos to purchase in 2022 because the token is on a mission to accelerate the conjunction between decentralized & traditional finance. In the next five to 10 years, I estimate a 25000 percent increase.
10) Polygon (Matic)
Polygon aims to improve Ethereum’s efficiency by decreasing gas fees while increasing transaction speeds as it is one of the best layer-2 scaling solutions for Ethereum. Matic is currently trading at $0.81, and without a doubt, it is one of the best altcoins to hold for the long term.
Bonus: Cronos (CRO)
Aside from the fact that it is brand new, one of the strongest reasons to invest in CRO now is the enormous potential for future value increases. In the next five years, I see the token rising by as much as 10000 percent to a value of $10.
Disclaimer: The info inside the article is for only informational purposes. Please do your complete research before investing in any crypto: Read the full Disclaimer here.
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PrivaCrip to Power a Blockchain Network That Could Follow Cardano & XRP
When the first decentralised blockchain was popularised in 2008 by Satoshi Nakamoto, the door was open for people across the globe to transact more securely and seamlessly. Many blockchain networks have been built and powered by native crypto tokens, including PrivaCrip (PRCR).
Native tokens exist for several reasons. Aside from acting as digital currencies, they perform various functions. Helping blockchains improve data traceability, security, transparency, and trustworthiness shared throughout the network. They also assist in reducing costs through their ever-evolving efficient methods.
Cardano (ADA) and Ripple (XRP) are among the best blockchain-based cryptos that this article will discuss. We will also look at how PrivaCrip (PRCR) will power a blockchain network set to launch into the crypto space.
Top Tier Crypto Makes its Mark – Cardano (ADA)
Cardano (ADA) has been around in the crypto space since 2017. The Proof-of-Stake (PoS), Ouroborous Cardano (ADA), was established using a research-based methodology.
Research is the backbone of Cardano (ADA) and is integral to its success in the cryptocurrency market. Cardano (ADA) uses an evidence-driven mechanism and peer-reviewed research to run its ecosystem to drive its evolution.
Among many things, Cardano (ADA) helps establish DeFi products and provides a suite of financial solutions. Crypto enthusiasts can stake Cardano (ADA) for a chance to earn rewards for their holdings.
With 2022 providing challenges in cryptocurrencies across the globe, Cardano (ADA) is one of the few cryptos to see a surge in on-chain trading volume this year. CoinMarketCap lists Cardano (ADA) as the 7th largest crypto by market capitalization at the time of writing.
Making Waves – Ripple (XRP)
Launched in 2012, Ripple (XRP) is a leading provider of crypto solutions for businesses. Ripple (XRP) provides developers with a solid open-source foundation for executing demanding projects. It is fast, energy-efficient, cost-effective, and reliable.
The solutions provided by Ripple (XRP) enable developers to solve inefficiencies, including asset tokenization and remittance. Therefore, individuals and businesses may apply Ripple (XRP) for DeFi, payments, tokenization, and more.
Crypto enthusiasts with a long-term focus may find Ripple (XRP) a valuable investing tool. Token holders can use Ripple (XRP) for staking its mainnet platform for a chance to grow their earnings and maximise profit.
The New Face Of Privacy – PrivaCrip (PRCR)
The soon-to-launch PrivaCrip (PRCR) is a cryptocurrency built for Web3 data privacy. It will allow users to develop and use permissionless and privacy-preserving applications. This unique feature of PrivaCrip (PRCR) secures apps, protects users, and fosters the creation of many new Web3 uses.
PrivaCrip (PRCR) will drive a blockchain that creates a more empowering and inclusive internet. It will enable developers to build secure dApps using private contracts based on original privacy research (OPR) to revolutionise Web3.
PrivaCrip (PRCR) will begin pre-sale soon and has an initial token price of 0.10 USD. According to the whitepaper, there will be a total supply of 190 million tokens, of which 40% of the total supply will go to the pre-sale.
Crypto enthusiasts who purchase PrivaCrip (PRCR) during the pre-sale will receive the most significant long-term rewards and bonuses. Those who buy with Bitcoin (BTC) will receive a 10% bonus. Also, those using Ethereum (ETH) to purchase will receive 15% of the total PrivaCrip (PRCR) they purchase as a bonus.
10% of PrivaCrip’s (PRCR) total supply is up for distribution as staking rewards, meaning that token holders who stake will receive rewards for their contribution to the crypto’s advancement.
Blockchain networks are continuously evolving, and so are the crypto tokens that power them. Cardano (ADA) and Ripple (XRP) have contributed tremendously to the success of their blockchain networks, gathering mass appeal.
PrivaCrip (PRCR), for its part, will drive a security-enabled blockchain and scalability in private DeFi, empower data tokenization, and bring together a fast-growing community. Acting on its promise, it has the potential to become the next big mover in cryptocurrency.
For more on PrivaCrip (PRCR), check below:
Cardano (ADA) Withdrawal Fees Waved by Bitrue Exchange
Singapore-based cryptocurrency exchange made Cardano one of its base trading pairs earlier this year
Singapore-based cryptocurrency exchange Bitrue announced that it had temporarily waived withdrawal fees for the Cardano (ADA) cryptocurrency.
The trading platform says that the move is meant to celebrate the support it received from the community behind the cryptocurrency.
Users will be able to withdraw ADA without paying any fees until mid-September.
Bitrue has stressed that it wants users to have “as much choice as possible” when it comes to custody options. Those who want to hold their ADA tokens will not be able to do so without paying an additional commission.
At the same time, Bitrue has touted its “Power Piggy” yield-farm investment program for those who want to earn passive income with ADA.
As reported by U.Today, Bitrue introduced the token as its base currency back in February.
In June 2021, it also became the first cryptocurrency trading platform to add support for Cardano-based native tokens.
Last month, Bitrue also announced a staking initiative with the ADA cryptocurrency. It decided to contribute a million tokens to some of the top Cardano staking pools in an effort to boost the level of decentralization.
Earlier this year, SundaeSwap (SUNDAE), the native token of the SundaeSwap exchange, also became available on Bitrue.
WingRiders Losses 59% Of Its Total Value Locked, Plunges Cardano TVL Below $100M
Popular Cardano-based decentralized exchange WingRiders has lost its position as the most valuable DEX on Cardano.
WingRiders slumped from the first position to third after losing more than 59% of the total value locked (TVL) on the platform in the past 30 days.
At the time of writing this line, WingRiders is now the third-largest DEX by total value locked, with a TVL of $19.66 million. It is noteworthy that WingRiders maintained the top spot for more than two months, claiming 42% of TVL On Cardano. However, the DEX has fallen from glory ever since.
Minswap Is Now Cardano’s Most Valuable DEX
The development also affected the total value locked on Cardano. The total value locked on Cardano has fallen below $100 million in the last 30 days after the WingRiders TVL slumped.
Interestingly, Minswap has taken the lead to become the most valuable decentralized exchange on Cardano after the massive decline of WingRiders’ TVL.
At press time, Minswap is leading, with a $49.09 million total value locked on the platform. The DEX hit the milestone after recording a massive growth of 30.9% in its TVL in the past 30 days. Minswap accounts for 51.82% of the total value locked on Cardano.
SundaeSwap, the first decentralized exchange on Cardano, is now the second most valuable DEX in the ecosystem. SundaeSwap is second in the ranking, with $19.72 million in TVL.
Like WingRiders, SundaeSwap has also lost a significant amount of its TVL over the past 30 days. In the past month, SundaeSwap has lost nearly 10% of the funds locked on the platform.
Commenting on the development, Cardano Daily, a platform that shares new developments about Cardano, said:
“After the major decline of @wingriderscom, the TVL scenario of the Cardano ecosystem has stabilized back to normal as we have seen in the past few weeks. @MinswapDEX still led the ecosystem with $51M TVL, contributing 50% of the ecosystem.”
CARDANO TVL STATUS
After the major decline of @wingriderscom, the TVL scenario of the @Cardano ecosystem has stabilized back to normal as we have seen in the past few weeks. @MinswapDEX still led the ecosystem with $51M TVL, contributing 50% of the ecosystem#tvl #cardano $ADA pic.twitter.com/xjZ6cHo8jX
— Cardano Daily (@cardano_daily) August 9, 2022
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