2022 has been a tough year for the crypto and altcoin market. The collapse of the Terra ecosystem and Sam Bankman-Fried’s FTX exchange shook the industry. Since then, most cryptoassets have lost significant value and are trading at a discount. A team of editors has selected 5 altcoins that are currently trading under $1 and could perform well in the next bull market. Here are the details…
Cardano (ADA) is at the top of the altcoin list
The native token of the decentralized Blockchain platform Cardano has become one of the leaders of the 2021 bull market. Many investors have made huge profits on ADA. Currently, the price of the asset is 88 percent lower than its all-time high of $3.09. The historical record was reached on September 2, 2021. However, despite the price drop, ADA still operates on the same reliable network. It offers cheap and fast transactions and also continues to attract the development of more applications.
Audius (AUDIO) also draws attention
AUDIO is the native token of the Audius music streaming platform. It is designed to manage access to the functionality of the platform and to ensure security. The platform uses blockchain technology to facilitate direct contact between musicians and their fans, eliminating the need for middlemen. Given the ever-increasing interest of crypto community members in new ways to monetize content and integrate web3 solutions, AUDIO still has significant growth potential. While the record level of AUDIUS is $4.95, its current price is $0.23.
There are hopeful reviews for Polygon (MATIC)
Polygon is one of the best known layer 2 (L2) scaling solutions for Ethereum. Numerous partnerships, integrations and developer events have helped the project survive even a difficult year for the entire cryptocurrency industry. The price of MATIC has been pretty stable for several months. This indicates steady demand from investors, which is crucial in a protracted bear market conditions. While the historical record level of MATIC is $2.92, its current price is around $0.86.
Curve (CRV) price may move positively
Curve Finance is a decentralized exchange (DEX) with automated market maker 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 in smart contracts (TVL) and number of active users, second only to Uniswap. According to experts, the increasing interest of users in decentralized protocols can work in favor of Curve and positively affect the price of the CRV token. While the record price of the CRV was $ 15.37, it is changing hands at $ 0.81 at the time of writing.
Expectation is high for altcoin XRP as the result approaches in the Ripple court
Ripple is a long-standing player in the crypto market that has been around since 2012. During this time it has experienced many ups and downs. The company offers an alternative to SWIFT, the international interbank system for transferring information and making payments. Users make transfers and payments on the Ripple network using the native cryptocurrency XRP. As we have reported as Kriptokoin.com, the US Securities and Exchange Commission (SEC) has been in a legal battle with Ripple for a while. However, key players in the industry are confident that Ripple will most likely win. If this happens, it will not only lead to an increase in the price of XRP, but it will also represent a big step forward for the entire crypto community.
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