2022 turns out to be a challenging year for the crypto and altcoin markets. The collapse of the Terra ecosystem and Sam Bankman-Fried’s FTX exchange rocked the industry. Since then, most digital assets have lost significant value and are being traded at a discount.
We have selected 5 altcoins that are currently trading for less than 1 USD, which could perform well in the next bull market.
1. CARDANO (ADA)
The native token of the decentralized blockchain platform Cardano has become one of the leaders of the bull market of 2021. Many investors have made huge profits on ADA. Currently, the asset’s price is 88% below its all-time high of $3.09. The ATH level was reached on September 2, 2021.
However, despite the price drop, ADA still runs on the same trusted network. It offers cheap and fast transactions and also continues to attract the development of more applications.
ATH Price: $3.09
Current price: $0.373 USD
2. AUDIUS (AUDIO)
AUDIO is the native token of the Audius music streaming platform. It is designed to manage access to platform functionality and ensure security.
The platform uses blockchain technology to facilitate direct contact between musicians and their fans, eliminating the need for intermediaries. With the growing interest among crypto community members in new ways to monetize content and integrate web3 solutions, AUDIO still has significant growth potential.
ATH Rate: $4.95
Current price: $0.23
3. POLYGON (MATIC)
Polygon is one of the most famous Layer-2 (L2) scaling solutions for Ethereum. Numerous partnerships, integrations, and developer activities have kept the project afloat even during a difficult year for the entire crypto industry.
The price of MATIC has remained fairly stable for several months now. This indicates steady demand from investors, which is important during prolonged bear market conditions.
ATH Rate: $2.92
Current price: $0.86
4. CURVE (CRV)
Curve Finance is a decentralized exchange (DEX) with automated market-making technology designed for efficient trading with minimal slippage and fees. The platform is one of the leading DeFi protocols in terms of total value locked (TVL) in smart contracts and number of active users, second only to Uniswap.
The growing user interest in decentralized protocols could benefit Curve and also positively impact the price of the CRV token.
ATH Rate: $15.37
Current price: $0.81
5. RIPPLE (XRP)
Ripple is an established player in the crypto market, existing since 2012. It has experienced many ups and downs during that time. The company offers an alternative to the international interbank system for transmitting information and making payments, SWIFT. Users make transfers and payments on the Ripple network using the native cryptocurrency XRP.
Currently, the United States Securities and Exchange Commission (SEC) is engaged in a legal battle with Ripple. However, the major players in the industry are confident that Ripple is likely to win. If this happens, it will not only lead to a spike in the price of XRP but also a huge step forward for the entire crypto community.
ATH Rate: $3.40
Current price: $0.42
This article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.