Hundreds of altcoins traded for less than a dollar hold high potential as thousands of tokens can be purchased with low budgets. The most recent example of this is the Shiba Inu (SHIB), which has risen over 10,000% in just 4 months. In the continuation of the article, we list altcoins with very low values, just like SHIB.
Low-value altcoin projects to invest in in 2022
Ripple (XRP)
XRP is a cryptocurrency that uses open and distributed ledger technology known as the “XRP Ledger”. It is powered by Ripple, the corporate company that facilitates global transactions. Ripple designed the XRP token to be used to make payments from scratch. Therefore, it can handle transactions faster and cheaper than is possible using the normal global payment infrastructure.
Ripple is currently in legal battle with the SEC. The US regulator claims that Ripple is selling unlicensed securities. If the case develops against Ripple, the peak price of XRP, which is currently trading as low as 0.4663, will set off to $3.84. As we quoted as Kriptokoin.com, Monday will be critical for Ripple.
DogeCoin (DOGE)
Dogecoin was designed as a humorous parody of Bitcoin rather than serving legitimate purposes. In 2018, it rose dramatically due to the hype generated on internet forums and Elon Musk’s tweets. It experienced a similar trend in 2021 that increased the price of GameStop by more than 400% in one week. It also has the potential to move away from being just a meme and become a more functional crypto with new projects. Musk sent out a tweet in December 2021 with the following message:
Tesla will create some items for purchase with Doge and we’ll see how it goes.
However, Dogecoin has been on the decline for the past eight months. We will see more clearly in the new year whether it will continue to climb. However, many would rather buy now than wait for things to get worse.
Chainlink (LINK)
Another Ethereum token, LINK, is the fuel that powers the decentralized oracle network. This network is used to establish encrypted connections to various APIs, payment systems and other data sources. Chainlink connects the real world with smart contracts while preserving the benefits of Blockchain technology.
Chainlink’s price is currently very unstable, trading around $6.60. This represents an opportunity that represents a drop of more than 78% since last year.
Uniswap (UNI)
Uniswap, one of the leading DEX platforms, aims to decentralize cryptocurrency transactions. It also has tools that allow people to earn passive income with cryptocurrencies.
Despite being extremely volatile, Uniswap has the advantage of being such an early player in the decentralized exchange space, according to reports. Although there are only 3.9 million addresses, the total transaction volume has recently reached $1 trillion. This indicates that there is significant room for market expansion.
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