As we all know, In the crypto world, the most dominant cryptocurrency is Bitcoin. The top two is Ethereum, but we must mention Cardano and Solana as well. Last year, Dogecoin was very popular because Elon Musk, the creator of Tesla, and CEO of Space X, often expresses his thoughts about Dogecoin on Twitter, which leads to a sudden increase in the value of this cryptocurrency. Musk’s first tweet about Dogecoin was on December 20, 2020, and shortly after that, the value rose by 20%.
Later in February 2021 as a result of his tweets, the value of Dogecoin went up by a prodigious 40%. In April 2021, the price of the cryptocurrency rose by more than 100% after his tweet about an image where he wrote “Doge Barking at the Moon” instead of the original “Dog Barking at Moon’s painting”.
So, Dogecoin was very successful last year, but is it on the list of cryptocurrencies under $1 with great potential? Keep reading and you will find out.
We are going to take a look at some of the best cryptocurrencies under $1 with great potential to grow in 2022 and make you some profit. But remember, this type of investing can be risky, but also can provide to you some excelent profits.
Cryptocurrencies Under $1
Stellar (XLM)
The stellar cryptocurrency is one of the most promising cryptocurrencies under $1 in the world. Stellar’s low fees, fast transactions and secure environment make it a better option than most other cryptocurrencies out there, but it still has some disadvantages. Stellar doesn’t limit to mine coins, which means that eventually, inflation will start to impact the value of your investment negatively. Stellar also doesn’t have complete decentralization since it relies on nodes run by large organizations.
The Stellar cryptocurrency is a good investment for those interested in following the latest trends and technology, but you should also know the risk of investing in Stellar(XLM). Read the above post to predict whether you should invest in the stellar Before investing, and know that the risk is always with you when investing in the cryptocurrency.
VeChain (VET)
The fluctuations we’ve seen in the past are a clear sell signal. However, this crypto has attracted some interest lately. This is because some VeChain predictions 2022-2025 do show a slight comeback in terms of value.
Before that, it might once again rise to $0.107 in the next twelve months. Then, by 2028, we might see it hit $0.160.
So, when you look at the VeChain price prediction for the next few years, you’ll see that this crypto is set to go back to where it was before its value began to decrease.
Ripple (XRP)
XRP’s value is expected to continue to expand, as shortage tends to encourage price rise. Please note, there is some risk to any investment. Just invest in what you can accomplish before coming to any conclusions and conduct the maximum research possible.
The average price of XRP (XRP) might go to $1.07 by the end of this year. If we estimate the five-year plan, it is estimated that the coin will easily reach the $4.68 mark.
In terms of price, XRP has an outstanding potential to reach new heights. It is forecast that XRP will increase in value. According to specific experts and business analysts, XRP can hit the highest price of $36.80 till 2030.
Dogecoin (DOGE)
The price of this crypto coin on 3.30.2022 is $0.14. Dogecoin had an all-time high of $0.688851 11 months ago. Dogecoin price prediction for 2022 estimates that the coin could reach $0.3500 by the end of the year.
Wallet Investor is highly bullish on Dogecoin, expecting it to finally reach $1 and then some eventually. In fact, the five-year forecast has DOGE at $1.17 for the long term.
So, these are the cryptocurrencies under $1 with great potential. There are many more under $5 also with excellent potential, but about that in another blog.
