Conventional investors looking to diversify their portfolios are often drawn to the top cryptocurrencies. And that isn’t surprising. After all, many growing businesses are now accepting cryptocurrencies as legitimate forms of payment. Adoption has never been higher.
In the year 2021, the price of altcoins has risen dramatically. As a result, it is not at all surprising that the investor market is looking for new low-cost altcoins to create new “crypto millionaires.” And in 2021, given the massive bull run in the crypto market with price soaring, cheap cryptocurrencies may appear to be appealing assets due to their potential upside.
On that note, let’s look at the top 11 cryptocurrencies under 1$ to buy in 2021. All prices are as of August 21, 2021.
Current Price: $0.1327
VeChain is a blockchain platform aimed at improving supply chain management and business processes. Its goal is to use distributed ledger technology (DLT) to streamline these processes and information flow for complex supply chains.
VeChain Token (VET) and VeChainThor Energy (VTHO) are two distinct tokens on the Vechain platform. The former is used to transfer value across VeChain’s network whereas the latter is used as “gas” or energy to power smart contract transactions.
VeChain is backed by PwC, a leading audit firm, and is worthy of consideration as a cheap cryptocurrency to buy.
Current Price: $0.004454
BitTorrent currency (BTT) is a cryptographic token developed as an extension to the BitTorrent protocol. The cryptocurrency platform for the BTT coin is being developed to expand the protocol’s capabilities. For example, the BitTorrent team works to make the infrastructure suitable for third-party dapp developers, value exchange, and secure and quick decentralized data storage.
TRON completed its acquisition of BitTorrent in 2018, bringing BitTorrent under Justin Sun’s control.
BTT is a Tron protocol TRC-10 cryptographic token. Users in the ecosystem can essentially act as either service requesters or providers. Within the platform’s dynamics, it is essentially an incentive-based system.
It is a peer-to-peer network that provides file-sharing services to its users. It is one of the best performing altcoins in the industry, increasing by over 2,500 percent in the last year. Industry experts predict that BTT will continue its meteoric rise in 2021.
Basic Attention Token (BAT)
Current Price: $0.772503
Basic Attention Token, or BAT, is a penny crypto with a fairly unique proposition. Its blockchain works as a platform for decentralized digital advertising, cutting out the middleman and rewarding users (and creators) directly. Users are rewarded for watching adverts, with the funds coming directly from advertisers.
The BAT blockchain achieves this via the Brave Browser, which enables users to watch advertisements and win rewards while preserving their privacy. Needless to say, this also minimizes ad fraud and improves efficiency.
The Basic Attention Token works as the fuel of this advertising ecosystem, being used as the currency that advertisers, creators, and users transact with.
The coin isn’t particularly new, having launched in 2017 when it became one of the fastest selling ICOs of its time by raising a whopping $35 million in a minute. It also is one of the few blockchain projects with a real-world, working application and a thriving ecosystem.
Current Price: $0.190827
Crypterium is a groundbreaking digital mobile cryptobank that aims to provide comprehensive vertically integrated services while collaborating with other cryptocurrency solutions and blockchain enthusiast companies. The native utility token of Crypterium, CRPT, is a key player in the Crypterium ecosystem, ensuring rapid and safe value transfer while covering the charge on all crypto-to-fiat transactions.
With an unlimited number of wallets to buy, cash out, and earn crypto, the Crypterium wallet mixes traditional financial with digital assets. It accepts BTC, ETH, LTC, CRPT, and a variety of other cryptocurrencies. You can use your cryptocurrencies to cover your day to day needs: buy, exchange, spend, cashout from ATMs and many more.
CRPT functions as a utility token featuring all standard banking features. On the Crypterium platform, it is CRPT that powers all crypto to fiat transactions. It’s also reflective of the Crypterium ecosystem’s growth — the bigger it is, the more valuable CRPT will be. With a low supply, monthly burns (eventually reducing supply by 30%), an association with an always evolving platform that packs in new listings, CRPT is a coin to HODL!
CRPT token is currently available on top exchanges like HitBTC, KuCoin, Liquid, and Binance DEX. At the same time, CRPT was recently listed on the biggest crypto exchange in India, Bitbns. The new listing pairs like CRPT/INR come from the huge interest of the Indian market and crypto enthusiasts.
Current Price: $0.1078
Another top cryptocurrency under $1, Zilliqa is another crypto project designed to enable scalability for mass adoption. Having gone from testnet to mainnet between 2018 to 2019, Zilliqa is a public, permissionless blockchain with the capacity to process thousands of transactions per second — far higher than the single or double digits Bitcoin or Ethereum have traditionally delivered. Zilliqa achieves this by using a second layer solution and a concept called ‘sharding’. It also packs in market standard features such as staking and yield farming. With it already supporting many decentralized applications, this one is a penny crypto to consider.
ZIL, Zilliqa’s native utility token, is utilized to perform network transactions and execute smart contracts.
Current Price: $0.08926
TRON is a blockchain based operating system with the goal of bringing blockchain technology into everyday life. Unlike Bitcoin, which can process up to six transactions per second, and Ethereum, which can process up to 25, TRON claims to be able to perform 2,000 transactions per second on its network.
This project is best characterized as a decentralized network centered on content sharing and entertainment, and one of its largest purchases in 2018 was the file-sharing service BitTorrent.
TRON’s goals have been divided into six phases. These include simple distributed file sharing, financial incentives for content creation, allowing content creators to launch their own personal tokens, and decentralizing the gaming industry.
TRON is also one of the most widely used blockchains for developing DApps.
Current Price: $0.206
The New Economy Movement (NEM) is a collection of platforms that utilize blockchain and cryptography to give solutions to businesses and individuals. NEM’s public blockchain NIS1 has a native cryptocurrency called XEM.
NIS1 works in the same way that Bitcoin does (BTC). It has a distributed network of independent nodes that process and record transactions on a public ledger known as “blockchain.” Each node that adds a new block of transactions to the end of the blockchain is rewarded with XEM coins as a transaction fee, incentivizing these nodes to contribute their time and computing resources while remaining incorruptible.
However, NIS1’s blockchain has a number of distinguishing features that set it apart from Bitcoin and most other cryptocurrencies.
NIS1 or NEM, as it was known at the time, launched its alpha version on June 25, 2014, and its mainnet became live on March 31, 2015.
Current Price: $0.3827
Stellar is an open-source network whose mission is to “enable equitable access to the global financial system.” The Stellar Development Foundation, a non-profit organization, founded in 2014, is responsible for maintaining stellar. Stellar’s token, the Lumen (XLM), is used for staking and serves as the payment method for all services provided by the system.
Stellar’s primary focus is on developing economies through remittances and bank loans to those who do not have access to banking services. Stellar does not charge individuals or organizations to use its network. It is a relatively popular and cheap cryptocurrency that is rapidly rising in the ranks.
Current Price: $0.98
XRP is a payment-oriented cryptocurrency. It is the original digital asset on the XRP Ledger, an open-source, permissionless, decentralized blockchain technology that has the capability of settling transactions in as little as 3 to 5 seconds.
Without the requirement for a central intermediary, XRP can be sent directly, making it a useful tool for swiftly and efficiently bridging two different currencies.
Ripple Labs created XRP, a centralized currency that is managed, mined, and administered by Ripple Labs (instead of a broad-based community).
RippleX is a platform that promotes blockchain-based solutions that interested parties can use for a variety of value-transfer-based use cases. In contrast to interested parties building their own solutions from scratch, the platform serves as an easier method for harnessing blockchain based solutions. RippleX makes use of the XRP Ledger and strives for simplicity in terms of mainstream compatibility.
XRP’s price has been rising above $1 for a couple of times during history, and at the moment of writing is slightly below $1. Meanwhile, from the technical perspective it might be seen as a consolidation that won’t push a coin price lower.
Current Price: $0.3544
Chiliz operates in the non-fungible token (NFT) space, which has emerged as the most recent global digital token phenomenon. Tokens based on blockchain are certificates of ownership for virtual or physical assets. Currently, the majority of these tokens are built on the Ethereum platform.
CHZ-USD is the cryptocurrency used by the Chiliz and Socios.com platforms. Chiliz.net is a tokenized sports exchange where fans can trade or buy sports-themed tokens. It has risen to prominence as the leading blockchain in the esports industry.
Chiliz’s stock will almost certainly rise in the coming months due to sports fans’ support. Participation by sports fans may continue to provide positive momentum for the Chiliz token.