Despite the fact that the cryptocurrency market represents a new way of operating, human psychology remains the same and people are always attracted to apparent bargains. The true value of a coin is often determined by its market cap; however, a certain body of crypto investors are on the lookout for coins that trade for under $1. Here are five of the best.
Substratum (SUB)
Substratum is an open-source network that allows anyone to allocate their spare computing resources in order to participate in a decentralized web. The Substratum network is a worldwide collection of nodes that uses cryptography to provide secure internet access and content without the need for Tor or a VPN. With the recent reverse of net neutrality legislation in the USA, Substratum has increased in importance with a significant number of crypto enthusiasts looking to invest in the project for the long term.
The substratum team raised just over $13m during their ICO and SUB has performed well since it hit the market in September. SUB began trading at around $0.04 in September and has been a consistent performer in the market. It currently trades at approximately $0.50 and holds a market cap of $120m. This project still has a lot of room to grow and will increase in popularity over time due to increasing government intervention regarding the internet. The SUB team also have a number of releases lined up including nodes that pay out SUB tokens. Due to having a great product and low price, we can expect SUB to only increase in value during 2018.
Verge (XVG)
Verge emerged on the scene in February, 2016 after a rebranding from its original existence as a fork of Dogecoin, known as Dogecoindark. Verge is a coin that maximizes privacy and models itself on the original Bitcoin blockchain and operates as a decentralized currency based on an open-source platform. There is no central control over the coin and it is completely untraceable. Verge uses multiple anonymity-centric networks such as Tor and I2P. This keeps user IP addresses obfuscated and transactions private.
XVG has done extremely well recently and has been thrust to the forefront in a very competitive sector of the cryptocurrency market. For the majority of the year XVG traded at a price under $0.01, however, moving into the current bull market the privacy coin has done very well and has climbed all the way to an all-time high price of approximately $0.07. Despite this, XVG still provides great value as the privacy coin market is one that is set to grow and grow. XVG has a supply of around 14.41B coins and has a market cap of approximately $1.15B.
Cindicator (CND)
Cindicator was founded in 2015 and uses the wisdom of crowds to improve decision making related to both cryptocurrency and more traditional investing. Users answer questions posed by the team on their platform and mobile app and also make their own predictions regarding the financial and cryptocurrency markets. Users whose predictions accurately reflect the outcomes of those questions are compensated with CND, the platform’s native token.
Cindicator conducted an ICO earlier this year, and the CND token hit the market in September. After experiencing a tough autumn which saw the price of CND fall by around 30% below the ICO price, it has picked up in price and is now thriving. CND debuted at approximately $0.01 and currently trades at around $0.07, a return of around %620. However, the Cindicator project remains one of the most highly anticipated and looks set to continue to grow in value. CND has a market cap of just under $105m, meaning that the successful implementation of the prediction platform will result in increased returns for its investors.
Status (SNT)
Status is designed as a mobile browser that makes it easy for users to access the Ethereum network and its network of decentralized apps. Status held an ICO in June 2017 which quickly raised over $100 million. Status allows users to buy and sell Ether locally and exchange goods and services built using decentralized apps. It is also planned to interact with other projects such as Aragon and Gnosis.
After conducting an extremely successful ICO, early investors were left slightly frustrated as the SNT token simply fluctuated around its ICO price. More recently, however, SNT has proved to be responsive to market conditions and has shot up in value. The token currently trades at $0.19 and has increased by over 200% in December. Status is poised to be the premier Ethereum client for mobile and went it is launched will be instantly adopted by the majority of crypto enthusiasts. Savvy investors can get in now while the price is relatively low; SNT has a supply of 3.47B tokens and holds a market cap of just under $680m.
Cardano (ADA)
Cardano is a blockchain developed by the IOHK firm. The team is led by former Ethereum veteran Charles Hoskinson, and Cardano aims to be the next generation blockchain project. Cardano is slated to become a full-fledged smart contract platform with a library of protocols that developers can use to build decentralized apps.
The platform uses ADA as its native currency, and after conducting a crowdsale which was focused mainly in Japan the rest of the world can purchase ADA via Bittrex. The Cardano project is well regarded and has the potential to set new standards with regards to blockchain protocols; as a result ADA already commands a market cap of $13B and trades at around $0.50. With a coin supply of 25 billion, the price of ADA may never rival Ethereum but a period of sustained development will see ADA continue to increase in value.
