As we approach the end of the year, many altcoins are trying to close the year’s performance with a bullish wave. Crypto expert Godfrey Benjamin has selected 12 altcoins under $1 that should be on his watch list in December.
First group of altcoins: XRP, XLM and CRO
As you follow from Kriptokoin.com, there is an underlying theme to these cryptocurrencies. These are the main benefits associated with payments. XRP, the oldest of the trio, has a market value of approximately $34 billion. The token is currently trading at $0.625. The emergence of XRP aimed to decentralize payment in a way that truly enables competition that mainstream alternatives cannot match. XRP, a sub-$1 coin, is the only altcoin with regulatory clarity in the US, according to its founders. It is also widely accepted by institutions, a trend complemented by the prospects of the XRPL connection.
XLM also has the same value proposition as XRP. The token is changing hands at $0.12, with a market value of approximately $3.4 billion. The price of CRO, which is affiliated with Crypto.com, is $0.092. Additionally, its market capitalization stands at $2.3 billion. These coins have stability, with enough upside to grow. It is also worth any investor’s consideration for long-term returns.
In the second group there are ADA, SHIB and ALGO
Cardano has a huge reputation as a layer-1 Blockchain with the right potential to overthrow Ethereum (ETH) in the future. The altcoin is changing hands at $0.395 with a market value of $13.9 billion. ADA serves a protocol known for high development activity, impressive innovation delivery and a passionate community.
The Shiba Inu raises the bar even higher when it comes to its supportive community and future potential. With a price of 0.0000084 and a market cap of $4.99 billion, Shiba Inu proves to the world that self-transformation from a meme-coin to a smart contract hub can work. The token’s future prospects lie in this unique shift in value proposition. Algorand started the year on a shaky note. However, the altcoin has changed its fortunes recently. The token is currently trading at $0.153 with a market cap of $1. billion. This token is worth watching, especially since it has recently entered India.
Third altcoin group: DOGE, VET and GRT
Dogecoin is one of the oldest cryptocurrencies, with its history dating back to 2013. It is currently valued at $0.085 with a market cap of $12 billion. In short, DOGE showed the world what a meme-coin can do. Dogecoin received the support of the world’s richest entrepreneur, Elon Musk. Besides this, it also has a vibrant community of dedicated investors. It is obvious that there is no limit to what DOGE can achieve in the long term.
Vechain is a highly regarded enterprise Blockchain that is at the forefront of many unique innovations bound to power the Internet of Things (IoT) revolution, Global supply chain and more. VET is a cheap altcoin for now, with a price of $0.02269 and a market cap of $1.7 billion. The Graph (GRT) is a unique alternative to Chainlink (LINK) as a well-designed decentralized oracle protocol serves multiple functions. With a fundamental bid in a relatively unsaturated space, GRT is trading at $0.1514. The market value of the token is at 1.41 billion dollars.
Last crypto group: XTZ, KAVA and IOTA
Tezos is an old name when it comes to highly functional and unique PoS protocols. It is currently valued at $0.8545 and has a market cap of $822 million. Tezos has one of the most solid partnerships in the crypto world, including with Manchester United football club. It also has a Blockchain that can be easily upgraded.
KAVA is a relatively obscure name compared to the previously mentioned altcoin projects. However, it serves a very different ecosystem within the Cosmos ecosystem. The token has a price of $0.81 and a market cap of $796 million. Besides this, its scalable protocol makes it a promising token to place on watchlists. IOTA recently made headlines for launching the DLT Foundation, the first of its kind in the United Arab Emirates (UAE), with a $100 million fund to strengthen its ecosystem. This move and its thrust as an IoT technology that leverages its unique interconnection system make it a prime candidate for sustainable growth. The token is currently trading at $0.337 with a market cap of over $1 billion.
The opinions and predictions in the article belong to the expert and are definitely not investment advice. We strongly recommend that you do your own research before investing.
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