Have you ever looked at coins like Terra Luna and wished you had bagged a couple of them when they were under $1? Well, within a year, the Luna token was nearly 100x.
So, how can you identify solid projects under $1 right now? In this article, you will discover 4 Altcoins to Invest Under $1 that we believe hold super potential. Let’s dive in.
1) The Graph (GRT)
Number #1 on our list is GRT, the native token of The Graph, which is currently at $0.35 at the time of writing this article. The Graph is a protocol that facilitates the smooth flow of data from one blockchain to another. It enables dApps to utilize data from other dApps and send data to Ethereum via smart contracts.
Source: The Graph
Due to the novelty and benefits of this platform, there was a rapid adoption, leading to billions of queries in just one year after the launch. For example, right now platforms like Uniswap, Synthetix, Decentraland, and Argon are already using The Graph.
And we see huge growth potential here because the project will add support to some leading chains like Polygon, BSC, Avalanche, Arbitrum, Fantom, NEAR among others.
The Graph Tokenomics & Latest Developments
At the time of writing this article, the GRT token market cap is $2.1 billion, with a 24-hour trading volume of $135.9 million. Also, it’s circulating, and the total supply is 6.1 and 10 billion tokens respectively.
Its market cap is above $1 billion which makes GRT a mid-cap cryptocurrency which means even with a reasonable investment influx, a significant price jump can be expected. Now, the question is why do we believe GRT could see an investment influx?
Today we're launching curation alongside two new products: Graph Explorer & Subgraph Studio!
Now anyone can curate data & seamlessly publish subgraphs in a decentralized manner in Web3. 🤯🧑🚀https://t.co/vkhmH5GXUZ pic.twitter.com/pwtfPDSb0Y
— The Graph (@graphprotocol) July 8, 2021
On the other hand, The Graph has launched a $205 million ecosystem fund to lure new developers to its platform. The fund will provide grants to teams building dapps using The Graph’s querying technology spanning sectors as diverse as DeFi, NFTs, DAOs, marketplaces, cross-chain infrastructure, and the metaverse – a shared, interactive, and potentially immersive digital environment.
With so much happening on top of The Graph, it is waiting to turn into a complete ecosystem sitting at the center of Web 3.0. And we could soon see a huge investment interest in The Graph, which will simply translate into price movement.
Coin number #2 is none other than the sleeping beast in one of the hottest sectors of crypto—the metaverse. The project is GALA Games, one of the most robust blockchain gaming companies in the entire ecosystem. It’s simple game mechanics to let anyone play them without knowing about cryptos.
Also, GALA games believe that players should control 100% of their gaming assets, which are verified in the blockchain.
Just like any truly decentralized blockchain, Gala Games is supported by its users, who operate Gala nodes from their computers. Right now, there are more than 16,000 Gala nodes.
Moreover, it’s important to mention that Gala Games have very important partners like Flare, bitrue, Brave, and Polygon. Gala Games has more than 1.3 million monthly active users and a team with more than 90 members which have helped to sell more than 26k In-game items represented by NFTs.
GALA Tokenomics & Latest Developments
According to CoinGecko, GALA, the native token of Gala Games, is currently trading at $0.22 with a market cap of $1.72 billion and a 24-hour trading volume of $1.24 billion. Also, the circulating and total supply is 7.5 and 36.9 billion tokens respectively, where the circulating supply of tokens represents 7.5% of its max supply.
We cannot miss the fact that in the last 12 months, GALA has grown 2,200% where its ATH value was $0.82. So, circling back to the question, why do we believe GALA holds solid potential?
Listen to this. On Feb 19, Gala announced Project GYRI, which will oversee the development of the blockchain. Therefore, GALA is building that can help power the expanding Gala ecosystem. The blockchain is expected to have the following features:
- Faster transactions
- Reduced impact on the environment
- Lower network fees
- Lower minting costs
- Interoperability throughout the Gala World
- Transferability to/from Ethereum
In addition, GALA is already building associations with NFT enthusiast celebrities like Snoop Dogg. Such associations have pushed The Sandbox and Decentraland in the spotlight already. It’s GALA’s turn now!
I wanna change the game and reinvent the system. STASH BOXES live 4 a limited time. #deathrowrecords #BODR #NFTs https://t.co/cgUSGn77xI
— Snoop Dogg (@SnoopDogg) February 17, 2022
3) ROSE (Oasis Network)
Number #3 on the list is Oasis Network, which is a privacy-focused blockchain network tailored for decentralized finance that aims to help on building a responsible data economy worldwide.
Apart from that, it brings scalability to DeFi that will attract early adopters to the masses by enabling private smart contracts and a high capacity to tokenize data.
As a result, Oasis will provide facilities to:
- Private lendings.
- Undercollateralized loans.
- Private AMMs.
- Earn staking rewards
- Fast transaction speed.
- Large workloads
- Creation of ParaTime. The network can support a rich ecosystem of dApps and use cases.
What cannot be ignored is the Oasis Network has a robust ecosystem of contributors and partners like: BMW Group, Chainlink, OasisLabs, Balancer, a16z, Pantera, among others.
Oasis Network Tokenomics
According to CoinGecko, ROSE, the native token of Oasis Network, is currently trading at $0.21 with a market cap of $737 million and a 24-hour trading volume of $136 million. Also, the circulating and total supply is 3.49 and 10 billion tokens respectively, where the circulating supply of tokens represents 33% of its max supply.
Moreover, in the last 12 months, ROSE has exhibited a growth of 150% where its ATH value was $0.59
It’s always gm when you’re building a better internet for everyone! 🏝️🌞
We’re scaling DeFi & web3 to the masses with the help of @Yuzu_Swap, @CelerNetwork C-Bridge, & @WormholeCrypto — care to join us?
Get started with DeFi on Oasis at https://t.co/X9q1Q8FISJ 🍊 pic.twitter.com/Q8PAErA3Xx
— Oasis Foundation (@OasisProtocol) February 9, 2022
Now with a market cap under $1 billion, Oasis network is a low-market cap project, which means even a small influx of investment could trigger the price rally. And we see it happening because in January 2022 Binance Labs, the venture arm of Binance, participated in the Oasis Ecosystem Fund. This investment would seek to grow the next generation of applications built on top of the Oasis Network.
Moving towards April 2022, Oasis Network’s next major upgrade will include improvement on ParaTime which is its parallel transaction processing approach that allows the Oasis blockchain to reach thousands of smart contract transactions per second (TPS). Coming back to the upgrade, the ParaTime will be upgraded to support liquid staking, the next big thing in the crypto staking world.
In short, if Binance’s support works for Oasis Network, this could be your low-cap gem for 2022.
3) CRO (Cronos)
Last on our list is CRO, the native token of Crypto.com, which is the second-largest centralized exchange in the world. In fact, Crypto.com is expanding rapidly to become a complete crypto ecosystem.
It provides its users:
- Exchange: Users can make margin and derivate trading.
- DeFi Wallet: Holders can take full control of their private keys to earn high interest from DeFi protocols and popular DeFi tokens.
- Crypto credits: Holders can borrow up to 50% of the crypto collateral. You can calculate the details of the credit on the website.
- Crypto.com NFT: Anyone can buy, sell and show your NFTs from creators and brands worldwide.
- Crypto.com Cards: There are 7 different types of cards that don’t have annual fees and get up to 8% in cashback.
CRO Tokenomics & Latest Developments
According to CoinGecko, CRO which was recently renamed Cronos is currently trading at $0.40 with a market cap of $10.2 billion and a 24-hour trading volume of $175 million.
Also, the circulating and total supply is 25.2 and 30.2 billion tokens, where the circulating supply of tokens represents 83% of its total supply. Moreover, in the last 12 months, CRO has exhibited a growth of 730% where its ATH value was $0.96.
On the other hand, Crypto.com is famous for having the most influential partners in the ecosystem. For example, LeBron James and Matt Damon are the latest Crypto.com ambassadors:
Incredible work by @cryptocom and @TheSpringHillCo. Special thank you to our House Party director @CALMATIC for bringing this story to life. It’s time to build a new kind of web. #Empower Can’t wait for Sunday!!! 🙏🏾✊🏾👑 #SFG 🚀 pic.twitter.com/eGM1rU2N3d
— LeBron James (@KingJames) February 12, 2022
But CRO’s price movement in 2022 will be largely driven by the adoption of Cronos blockchain, EVM compatible Crypto.com Chain. Cronos rapidly locked a TVL of over $2.33 billion and is presently among the top 10 DeFi protocols.
Join us on Telegram to receive free trading signals.
For more cryptocurrency news, check out the Altcoin Buzz YouTube channel.