Low-cost cryptocurrencies are becoming increasingly attractive to investors. This is partly the reason why meme coins are rallying by thousands of percentages. The trend makes sense considering how expensive the big cap cryptocurrencies have become. There are four cheap cryptocurrencies to buy for less than $1 for potentially outsized returns on investment:
1. Vechain (VET)
Meme coins are fantastic to have in a crypto portfolio for the potential thousands of percentages in gains. However, it is also important to include cryptos with real-world use cases as well. On this front, Vechain is definitely one of the best for those trading below $1. This project has multiple use cases that cut across industries. One of the industries where it has been adopted is fashion. There are fashion companies that are already using Vechain to fight against counterfeits in their supply chains.
This blockchain also has a strong use case in the automobile industry. This is through a digital ID that is traceable throughout the life of the car. It’s a revolutionary use case for Vechain because it can help insurers better understand different car brands and charge premiums accordingly. Car manufacturers can also have better control of the parts that are used on their brands.
Considering that VET is the native token of this blockchain, it follows that its potential for value appreciation as adoption grows is high. With such potential, it is not surprising that it has performed exceptionally well all through 2021. Year-to-date, Vechain is up by 1313%.
Going forward, analysts have some pretty good expectations for this crypto too. They are projecting that by 2023, this crypto could be trading at $0.44. That’s a 182% increase from its current price. The projections are even better long term. Analysts believe that Vechain could trade at $0.69 by 2025. That’s a potential price increase of 342%. Based on these projections, it makes sense to buy it now.
2. Stellar (XLM)
Stellar used to be one of the top 10 cryptocurrencies but has since slid down below the top 20. However, it didn’t slide lower because it lost value, but because newer projects have grown faster. That said, Stellar Lumens is one of the most fundamentally strong altcoins under $1 today. It targets the same market as XRP, but as things stand, it has better prospects. That’s because, unlike XRP that is backed by a company, Stellar is backed by a foundation. This means there is zero risk of it ever being declared illegal security and the resultant legal issues.
Stellar is also safe from anti-money laundering regulations that are quite tight for all players in the banking industry. That’s because Stellar has in place a KYC feature as part of its protocol. While this may feel like an antithesis to the whole idea of cryptocurrencies, it is crucial for adoption in the banking industry. That’s because banking is sensitive, and with risks like terrorism financing always looming close by, KYC is important.
Its core metrics also make it perfect for adoption. The Stellar Foundation has been making moves that could significantly increase the intrinsic value of this blockchain. For instance, a while back it was announced that the Stellar Foundation was considering a buyout of MoneyGram. With all these factors in its favour, it is not surprising that analysts have good projections for this crypto. Analysts believe that Stellar could gain by 60% between and 2023. Going into 2025, analysts expect this crypto to grow by 140% and 150%.
While this is not high by crypto standards, it is still a good ROI, making it a better investment than conventional investments such as stocks. It’s definitely good crypto under $1 to buy today.
3. Chiliz (CHZ)
Chiliz is focused on the sports and entertainment markets. It is the blockchain behind the socios.com platform, which allows the trading of fan tokens by sports teams. This is a big deal because it gives Chiliz space for growth in the multi-billion dollars sports industry. The best part is that this blockchain already has a growing use case on this front. It has been used by some of the top football teams in the world for the development of fan tokens. They include the likes of AS Roma, Atletico Madrid, Juventus, and Paris Saint-Germain.
Due to its strong adoption despite it being a relatively new blockchain, Chiliz has performed very well this year. In the last 10 months, Chiliz rallied by 4,820.37%. Going into the future, analysts have good projections for it as well. The consensus analyst estimates for this crypto is that it could hit $1.22 by 2023, or an increase of 156% from its current price. They also expect this cryptocurrency to hit $1.57, or an increase of 230%. This makes it a pretty good buy now that it is still trading at below $1.
4. XDC Network (XDC)
XDC network is only 3-years old, but it has given investors an incredible return on investment in this period. In the last 10-months alone, XDC has rallied by 1500%. The project’s strong growth is a combination of its potential use case and upside momentum in the broader crypto market. In terms of fundamentals, XDC targets trade financing, a multi-billion dollars market.
The project aims to make it easier for businesses and governments to borrow in a decentralized environment. This is both cheaper and faster than centralized lending systems. Besides its strong use case, XDC’s internal fundamentals are quite strong. It can scale much better, and its transaction costs are much lower than Bitcoin and Ethereum. For context, it can handle up to 2000 transactions per second, transactions are confirmed in just 2 seconds, and its transaction costs are almost negligible, standing at $0.00001.
Based on XDC’s strong fundamentals, analysts have given it some pretty strong price projections. They expect it to double within the next year and hit $0.82 within the next 5-years. With such potential for gains, XDC is a logical penny crypto to buy today.
