There currently are close to 20,000 cryptocurrencies today. The majority of these are yet to break parity with the dollar. In such a flooded crypto market, how do you determine the best crypto under $1 to buy in 2022?
How do you tell the cheapest cryptocurrency to buy – the one with the highest potential of having its value explode?
Our team of analysts sought to help you arrive at this decision and point you to the right investment decision. We probed the market, analyzed numerous cryptos, and ultimately settled on what we consider the 10 best cryptocurrencies under $1 to buy today.
Read on to learn why each makes it to this list?
10 Best Cryptocurrency Under $1 To Buy in 2022
Here is a summarized list of the 10 cheapest cryptocurrencies to buy today – they all are priced below $1 and have a massively promising future.
- Cardano (ADA) – Overall best crypto under $1 to buy in 2022
- Ripple (XRP) – Best Large Cap Crypto Under $1
- Dogecoin (DOGE) – Best meme currency under $1 to buy in 2022
- Basic Attention Token (BAT) – Best Token Economy Crypto to Buy Under $1
- Stellar Lumens (XLM) – Established Crypto Under $1 With Strong Use Cases
- Tron (TRX) – Best Crypto Under $1 With a Strong Roadmap
- Algorand (ALGO) – Most Promising Crypto Under $1 to Buy in 2022
- Cronos (CRO) – Best Exchange-Based Crypto Under $1 to Buy in 2022
- Chiliz (CHZ) – Best Sports and Entertainment-Focused Crypto Under $1
- Shiba Inu (SHIB) – Invest in a Meme Coin with a Hugely Upside Potential
Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.
A Closer Look at the 10 Best Cryptocurrencies Under $1 to Buy in 2022
When coming up with a list of the best cryptocurrencies under $1 to buy in 2022, we looked at more than their current price. We looked at how they have performed in the past, the urgency of the real-world problem their blockchain seeks to address, and their potential future price action.
1. Cardano (ADA) – Overall Best Crypto Under $1 to Buy in 2022
Cardano, the largest smart contract platform and the most valuable cryptocurrency on this list, tops our index of best crypto under $1 to buy in 2022. Launched in 2017, Cardano is on a mission to ultimately replace Ethereum as the most preferred smart contract platform. It is unique – in the sense that it is the first peer-reviewed blockchain technology – which makes it the most secure crypto network.
The fact that programs and protocols on the network have to be peer-reviewed before integration into the ecosystem makes the Cardano blockchain less dynamic. It, for instance, only integrated the smart contract functionality in September 2021 and its DeFi, dApps, and NFTs niches are yet to blossom.
Cardano’s security, its able leadership led by Charles Hoskinson, and its high level of decentralization have earned investor confidence. These have in effect helped Cardano grow its market cap beyond $17 Billion and become a near-permanent feature on CoinMarketCap’s list of 10 most valuable cryptocurrencies.
We also noticed a trend, every time Cardano added a key feature to its blockchain, ADA tokens gained value. Moving forward, Cardano is expected to roll out numerous core features and programs – from meme currencies to Web3 Apps and protocols, expand its DeFi and dApps offerings and score more partners.
All these are expected to help grow ADA’s token prices exponentially, reaching as high as $25 in 2025 and beyond $50 at the turn of the decade – effectively growing your investment by 10000%. And such a promising future further affirms why Cardano is one of the best cryptocurrencies under $1 to buy and HODL.
Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.
2. Ripple (XRP) – Best Large Cap Crypto Under $1
Another cheap crypto to buy under $1 is XRP. Ripple coins and the Ripple blockchain seek to disrupt the global banking industry. They intend to replace the SWIFT payment and communication network and introduce a faster, more secure, affordable, and effective cross-border payment and messaging system. The Ripple payment system has already been adopted by dozens of leading banks across the world.
Launched in 2014, the crypto market understood XRP’s massive potential early and by 2018, it was selling above $3.50. But the SEC soon filed a case against Ripple Labs in the US and XRP token prices started tanking – ultimately breaking parity with the dollar. Banks and other financial institutions held back against joining the Ripple network, key developments on the Ripple ecosystem stalled, and investor confidence in XRP shrunk. All this is to say that the Ripple token is only trading below $1 because of the ongoing SEC case which explains why we featured it among the best cryptocurrencies under $1 to buy today.
The altcoin has also proved its resilience and readiness to break above $1 during the past crypto rallies. It already broke above $1 during the early 2021 crypto market rally and during the late 2021 mini rally. This implies that XRP is probably one rally from breaking above $1 and the SEC-case verdict away from exploding.
Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.
3. Dogecoin (DOGE) – Best meme currency under $1 to buy in 2022
Dogecoin is the most valuable and arguably the most popular meme currency. It has the backing of the celebrity entrepreneur Elon Musk and a horde of crypto influencers and popular investors. Dogecoin also has a large and vigorous community of supporters, especially on Twitter and Reddit. It makes it to our list of best crypto under $1 to buy in 2022 because of its ability to earn its investors’ significant returns in a relatively short period.
In the first five months of 2021, for instance, Dogecoin helped its HODLers grow their investments by close to 2000%.
Unlike most of the other cryptos we feature in this guide, it is highly likely that Dogecoin won’t break above $1 anytime soon. However, support from Elon Musk, a revived meme coin craze, a recovering crypto market, and sustained hype from the crypto community are all expected to continue fuelling its value gain and exploding DOGE investor portfolios. This, in effect, confirms why it is one of the cheapest cryptocurrencies to buy today.
Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.
4. Basic Attention Token (BAT) – Best Token Economy Crypto to Buy Under $1
Basic Attention Token is a token economy cryptocurrency created by Brave Software and distributed to users of the Brave Browser. It is a hugely promising cryptocurrency targeting the multi-billion online advertising industry. It rides the online privacy wave and seeks to grant you more control over the type and amount of personal information advertisers collect from you, the type of adverts you view and even pays you to view these adverts.
Launched in 2017, its adoption is on a steady uptrend seeing that the Brave browser currently has more than 50 million active users monthly. However, the promising future and appeal to users are not the only reasons why we believe BAT to be one of the best crypto under $1 to buy today.
We also include it here because its prices are already massively discounted. At the time of writing, BAT is already trading more than 85% below its all-time high. Plus by 2025 and 2030, the token prices are expected to reach $2 and $20, which translates to gains in excess of 650% and 6500%, respectively, if these forecasts come true.
Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.
5. Stellar Lumens (XLM) – Established Crypto Under $1 With Strong Use Cases
XLM is another cheap crypto to buy under $1. Stellar is an open-sourced and highly decentralized payment network that seeks to revolutionize the world financial system. Two of the core missions that help endear it to the crypto community are the provision of crypto storage services and financial inclusion and reach to the unbanked. Stellar is also on a mission to oversimplify cross-border transactions and both the cash transfers and exchanges on its decentralized crypto exchange are highly affordable.
The adoption of Stellar blockchain and tokens is on the rise as the blockchain has already partnered with several on- and off-chin brands – like IBM. These partnerships, in-network developments, rising adoption of blockchain technology, and increased awareness about Stellar are to catapult XLM tokens to new heights. And these are some of the reasons why we consider XLM one of the cheapest crypto to buy today.
By the turn of the decade, some highly optimistic analysts believe that XLM token prices will have broken above $30. This implies that if you bought and HODLed the token today, you would be acquiring it at a 30000% discount.
Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.
6. Tron (TRX) – Best Crypto Under $1 With a Strong Roadmap
Tron is a revolutionary blockchain that seeks to revolutionize the multi-billion entertainment industry. First launched on Ethereum before launching its own mainnet, the Justin Sun-led network seeks to remove the big tech intermediaries like YouTube, Apple, and Facebook from the entertainment industry. It intends to give content creators and developers control over the distribution and payment of their content.
Its biggest appeal is that it lets content creators and crypto developers create and monetize products and services on this blockchain. They could also create custom tokens that they can use to receive rewards from their supporters and product users. We feature it among the best crypto under $1 to buy in 2022 because it is just carving its niche in the multi-trillion-dollar industry.
Another reason why we add it to our list of cheapest crypto to buy is that it already is heavily discounted. At the time of writing, for instance, TRX tokens are selling 80% below their all-time high. And moving forward, they are expected to reach $4 by 2030, which implies that you could be staring at 8000% gains.
Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.
7. Algorand (ALGO) – Most Promising Crypto Under $1 to Buy in 2022
Algorand is one of the most promising crypto under $1 to buy in 2022. Launched in 2018, Algorand has enjoyed steady growth, owing to its ultra-fast and multi-use blockchain technology. It has an expansive ecosystem and even though it currently is trading 90% below its all-time high, it has a $2 Billion market cap.
We feature ALGO among the best crypto under $1 to buy in 2022 because it is on a mission to increase its usefulness and demand for the tokens. This started in early 2022 when the Algorand Foundation announced a $10 Million grant for the development of an EVM bridge and a further $20 Million to boost the running of Ethereum-based smart contracts and dApps on Algorand.
This has ushered a lot of visibility towards Algorand and even helped it score numerous collaborations with both on- and off-chain brands. The most impactful for 2022, nevertheless, came about in May 2022 when FIFA made Algorand its official blockchain platform.
In the upcoming World Cup 2022, ALGO will be an official regional supporter for North America and Europe. All of these are expected to help catapult ALGO token prices to unimaginable heights in the future with some analysts expecting it to reach $70 – a 23000% gain – by 2030.
Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.
8. Cronos (CRO) – Best Exchange-Based Crypto Under $1 to Buy in 2022
Cronos, formerly crypto.com coin, is the native crypto for Cronos Chain – a relatively new blockchain network created by the Crypto.com exchange. We feature it among the best crypto under $1 to buy today not just because it is new but also because of its massive potential for future value gains.
We also feature it here because it is the utility token for one of the fastest-growing crypto exchanges and DeFi platforms. Launched in November 2021, for instance, the Cronos Chain DeFi staking and lending platform had more than $4 Billion in total value locked in early 2022.
The Crypto.com and CRO token developers are also actively working on increasing the use cases for the altcoin. In addition to introducing crypto lending and staking platforms, they have also introduced a CRO reward scheme for the Crypto.com Pay payments app and visa card. Like Binance and its BNB coins or FTX exchange and its FTT coins, CRO token prices are expected to rally by as much as 10000% to reach $10 in the next 5 years.
Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.
9. Chiliz (CHZ) – Best Sports and Entertainment-Focused Crypto Under $1
Chiliz is a unique blockchain dedicated to sports and entertainment. It seeks to revolutionize the level of engagement between sports clubs as well as content creators and their fans. It achieves this through the Socios engagement platform and exchange. Through the platform, clubs can create custom governance tokens that can then be sold to fans who, in turn, acquire a right to participate in the club decisions like shirt design.
In the last 12 months, CHZ tokens prices have been ranging between $0.08 and $0.06. But the number of clubs that have already launched tokens on Socios or are interested in creating some has been on the rise. This is one of the key reasons why we feature Chiliz among the best crypto under $1 to buy in 2022.
We also include it on our index of cheapest crypto to buy today because its developers are looking to scale its use cases with the launch of the Chiliz 2.0 blockchain. On this EVM-compatible mainnet, Chiliz will add DeFi products, NFTs, Metaverse, play-to-earn games, event ticketing, and loyalty programs.
All these have the net effect of increasing the demand for CHZ tokens, which effectively catalyzes its value gains. Expert forecasters expect it to reach $15 in the next 10 years, implying that you stand to grow your investment by as much as 15000% if you HODL.
Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.
10. Shiba Inu (SHIB) – Invest in a Meme Coin with a Hugely Upside Potential
Shiba Inu is the second most valuable and arguably one of the most popular meme currencies. It also is one of the cheapest cryptos around today. Like Dogecoin, chances are high that SHIB token prices will never reach $1. We nevertheless feature it among the best crypto under $1 to buy in 2022, because of its promise for a massive upside value gain.
A combination of a rallying crypto market, endorsements from the crypto community and celebrities, as well as meme coin frenzy, helped Shiba Inu prices rally by more than 5 million percent in early 2021, making its HODLers stupidly rich. Given that we are approaching yet another rally, the majority in the crypto market is confident that Shiba Inu is ripe for yet another price run that sends SHIB investor profiles skyrocketing.
Only this time around, Shiba Inu has more than a rallying market, community support, and a meme coin craze revving up its value gains. In the last few months, Shiba Inu developers have sought to increase SHIB’s use cases by launching an NFT marketplace, a token launch pad, and collaborating with different ecommerce stores. They have also increased the burn rate for SHIB token prices and all of these are expected to catapult SHIB prices and investor portfolios to unprecedented heights.
Are Cryptocurrencies Under $1 Good investments?
The majority of the best crypto under $1 that we have discussed hereinabove are quite similar to penny stocks. They have massive growth potential and if you choose wisely, there is a likelihood that their value will blow – effectively taking up your investment.
But there is never a sure-fire trick to identify the best crypto under $1 to buy, which implies an equal chance of your cheap crypto bet tanking and taking down your investment.
There nevertheless are a few factors that make these cheap cryptocurrencies worth buying today. We look at the top 3 below:
Reasons to Buy Cryptocurrencies Under $1 Today
1. Staking and lending earn you passive income
The DeFi niche is blowing and some of these platforms are massively accommodating – taking in even the newest and cheapest cryptocurrencies. You may, therefore, consider investing in one of the cryptos under $1 and using them to earn passively on crypto-staking platforms.
2. Diversify your portfolio cheaply
The fact that most of these cryptos are selling for pennies gives you the ability to diversify your portfolio cheaply. By buying as many penny cryptos as possible, you increase your chances of blowing your portfolio when some of these low-value cryptos eventually blow up.
3. You can buy on a large scale
The fact that most of these cryptos are lowly priced also means that you can go large scale on the cheap crypto that you believe has the highest potential to blow up.
Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.
Where to Buy the Best Cryptocurrency Under $1 in 2022?
Most of the crypto under $1 that we have featured in this guide are massively popular. They, therefore, are listed with virtually all the popular crypto exchanges around. But if you are new to crypto investing and aren’t sure where to buy any of these cheap cryptos, we recommend using one of the following three exchanges:
1. eToro – Best for beginners because of its user-friendly crypto trading platform. It also has a transparent fee structure and integrates social and copy trading.
2. Coinbase – Best for buying crypto instantly. It is also deeply liquid and has a straightforward account registration process.
3. Binance – Best for ultra-low crypto trading fees. It is also the most liquid crypto exchange, supports the widest range of cheap cryptocurrencies, and is easily accessible.
How to Buy Cryptocurrency under $1 for Beginners – Step-by-Step Guide
eToro is our top choice for the best crypto exchange to buy crypto under $1. To get started buying any of the cheap cryptocurrencies discussed above on the exchange, use this step-by-step guide.
Step 1: Register a Crypto Trader Account
Open the official eToro exchange website and tap on the “Join Now” icon on the top right of the home page. Complete the user registration that pops up by entering such personal information as your name and email address, country of residence and phone number, as well as income source and trading experience.
Step 2: Verify Identity
Verify your identity by submitting a copy of your government-issued identification document e.g. I.D, Passport, or Driver’s license.
Note: You will receive an email notification informing you of your account approval.
Step 3: Deposit Funds
Log in to your approved eToro account and tap on the “Deposit” icon on the user dashboard. A funding menu will pop up indicating all the payment options available to you – based on your country of residence. Choose one and follow the prompts to complete the cash transfer.
Step 4: Search for the Crypto
While on the user dashboard, click on the “Discover” button to view all the asset classes supported by the exchange. Choose “Crypto” and use the search menu to find the crypto under $1 to buy on the exchange. Alternatively, look it up from the list of cryptocurrencies supported on the trading platform.
Step 5: Buy Cryptocurrencies Under $1
Tap on the “Buy” option against the preferred crypto under$1. A trading menu will pop up. Use it to customize the trade by indicating the number of cryptocurrencies you wish to buy or the amount of cash you wish to spend on this trade.
Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.
Conclusion – Best Crypto Under $1 to Buy in 2022
There is no shortage of cryptocurrencies under $1 to buy in 2022. And in this crypto investing guide, we have discussed what we consider the top 10 cheapest cryptocurrencies to buy today.
We have discussed them all and looked at some of the reasons why they make it to our list of best crypto to buy in 2022. We have discussed some of the reasons why you should be buying these cheap cryptocurrencies.
But even more importantly, we have introduced you to three highly reputable crypto trading platforms where you can buy these tokens. We have even provided you with a step-by-step guide on how to buy crypto on the highly reputable eToro trading platform.
Want to start buying these cheap cryptocurrencies? Register an account with eToro and start diversifying your crypto portfolio.
Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.
Frequently Asked Questions on Best Crypto to Buy Under $1 In 2022
What is the best crypto under $1 to buy in 2022?
In the above crypto investing guide, we have discussed 10 of what we consider the best crypto under $10 to buy in2022. These range from the likes of Shiba Inu which has posted 5 million percent gains in the past and others expected to grow by 100X in the next few years.
Which cheap crypto will explode in 2022?
There is no telling what crypto will explode in 2022, especially now that the market is slipping deeper into a crypto winter. Nevertheless, as soon as market recovery kicks in, we are confident the above 10 cheap cryptocurrencies will post massive gains.
Can I buy cryptocurrencies with $1?
Yes, you can buy crypto with $1. In fact, all the cryptocurrencies we have discussed hereinabove are all selling below $1. However, most crypto exchanges have higher minimum trade limits e.g $10 at eToro.
What is the best cryptocurrency under $1 to invest in?
The best crypto under $1 to buy today and HODL over the long term is $Cardano. Other serious contenders for the best crypto under $1 to buy in 2022 are Ripple, Stellar, Algorand, Chiliz, Shiba Inu, Dogecoin, Basic Attention Tokens, and Cronos.
Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.
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