There are tons of digital assets out there that cost less than $1 — they even have their own name, “penny cryptocurrencies.” Despite their low price, many of those coins and tokens have proven to be good additions to investors’ portfolios and made many people crypto millionaires.
The price of an asset does not play such a big role in determining how valuable a cryptocurrency is — that’s decided by the market cap. The bigger it is, the more stable and reliable the crypto asset is.
Today, we want to tell you about cheap cryptocurrencies that are nowhere near being “shitcoins” and are definitely worth looking into as potential investment opportunities. If you’re looking for some cheap crypto to buy now, then you’ve come to the right place!
Please note that this article does not constitute investment advice. Don’t forget to do your own research before investing in any cryptocurrency.
- Best Crypto Under $1 to Invest in 2022
- Lucky Block (LBLOCK)
- Basic Attention Token (BAT)
- The Sandbox (SAND)
- Fetch.ai (FET)
- Tron (TRX)
- Dogecoin (DOGE)
- Chiliz (CHZ)
- Ren (REN)
- Stellar (XLM)
- Ripple (XRP)
- Ankr (ANKR)
- DeFi Coin (DEFC)
- Cardano (ADA)
- Polygon (MATIC)
- Decentraland (MANA)
- Cheap Cryptocurrencies Under $10
- Uniswap (UNI)
- Chainlink (LINK)
- NEAR Protocol (NEAR)
- Where to buy other cryptos under $1?
- How to buy crypto under $1?
- What is the cheapest cryptocurrency to buy?
- Which cryptocurrency will rise in 2022?
Best Crypto Under $1 to Invest in 2022
There are quite a few cheap cryptocurrencies out there, but not all of them are worth investing in. If you are looking for more investment ideas, check out our list of the best cryptos to consider for investment in 2022.
Lucky Block (LBLOCK)
Market capitalization: $41.9M
Official website: luckyblock.com
Although each individual Lucky Block token may not cost much, this cryptocurrency has the potential to become very valuable! Based on the Binance Smart Chain, Lucky Block is the utility token of a blockchain-based lottery platform that goes by the same name.
The Lucky Blocks team aspires to create a widely accessible worldwide lottery with players using blockchain protocols. Aiming to increase winning odds while also providing cryptocurrency enthusiasts and investors with an alternative investing strategy, the project adheres to the main principles of crypto: transparency and fairness.
Additionally, the team underlines that the use of blockchain will enable faster payouts and full tracking of transactions, which will protect users from fraud, theft, and other criminal activities.
The LBLOCK token is a vital part of the project’s lottery ecosystem. All its holders will also be able to profit from every jackpot on the platform.
Overall, Lucky Block is a refreshing project with an innovative approach to using blockchain technology. It also has a good team and a well-thought-out roadmap.
Basic Attention Token (BAT)
Market capitalization: $512M
Official website: basicattentiontoken.org
BAT, or Basic Attention Token, was launched back in May 2017, over 5 years ago. It is quite a well-established project in the crypto industry, with BAT being ranked within the top 100 cryptocurrencies by market cap.
Basic Attention Token was built on the Ethereum network. Thanks to its clear and well-established purpose, among other things, BAT managed to maintain a solid market cap and reputation in the community. It was designed as a payment token for running ad campaigns through a platform called Brave Ads.
As a result, this token has a reputation, a purpose, an active community, and a good team — all the things that usually spell out success for crypto projects.
If you would like to learn more about this cryptocurrency’s prospects, you can read our BAT price prediction here.
The Sandbox (SAND)
Market capitalization: $1.07B
Official website: sandbox.game
Sandbox, with its native token SAND, is a veteran of the crypto world — it has been around since 2011. This blockchain-based virtual world uses blockchain games to allow users to create, build, buy, and sell digital assets. It is one of the best decentralized platforms out there.
Sandbox uses a “play-to-earn” P2E business model that gamifies the process of earning money and engaging with cryptocurrencies.
However, focusing on user-generated content is a double-edged sword. While this approach is incredibly interactive and fosters a good community, it can fall apart quite quickly. The interest in NFTs and the metaverse has already started to wane, so it will be curious to see how Sandbox retains its existing users and attracts new ones. SAND is a promising cheap cryptocurrency with a long history, but its true value will be determined by how it manages to overcome upcoming challenges. Currently, experts are divided on its future.
Market capitalization: $60M
Official website: fetch.ai
Fetch.ai is a service that does mundane tasks for you without putting your data at risk. It creates so-called “digital twins” using blockchain-based AI and machine learning technology that can help you organize things like parking, buying tickets, and so on.
FET, the project’s token, is used to find, create, deploy, and train the aforementioned digital twins. It is a key part of the platform’s ecosystem, particularly of its smart contracts and oracles. FET can also be staked.
The ideas behind this project are incredibly inventive and are something that most working adults would potentially be interested in — after all, very few people can honestly say that they enjoy a boring routine.
FET has a solid technological foundation and real-world applications. There’s no way to tell what the future holds for this utility token and the rest of the crypto industry, but it is definitely worth looking into.
Market capitalization: $5.58B
Official website: tron.network
Despite its low price, Tron is actually one of the biggest cryptocurrencies in the world: at the time of writing, it was firmly within the top 15 cryptocurrencies by market cap on CMC.
TRX was originally released as an ERC-20 token but has since moved to its own network. It supports smart contracts, decentralized apps (dApps), and other blockchain systems. Tron positions itself as an alternative to Ethereum as a dApp deployment platform.
Perfect for creating apps that feature a lot of user-generated content, the Tron network can support up to 2,000 transactions per second. The TRX token is used to incentivize content creators; it can also be featured in the dApps created on the platform.
A well-developed and established platform, Tron has found its niche and continuously pushes out new updates and upgrades. The network uses the delegated proof-of-stake consensus algorithm (dPoS) and is energy-efficient and fast, which gives it an edge over similar projects.
You can find our TRX price prediction here.
Market capitalization: $7.5B
Official website: dogecoin.com
As the original meme cryptocurrency, Dogecoin is surely one of the most easily recognizable coins out there. Despite its widespread fame, the price of DOGE has only really taken off in early 2021 and has been in steady decline ever since. After all, Dogecoin doesn’t exactly offer any valuable service or any outstanding blockchain technology — its price rose thanks to social media hype.
It’s hard to say whether DOGE will ever be able to come anywhere near its ATH. Its reputation may help in boosting its price once again, but how long will it last? Meme tokens like DOGE or SHIB are definitely prime examples of high-risk, high-reward assets that can either moon or crash out of the blue in less than a day.
We would recommend against relying on DOGE as your sole store of value/investment, but it can be a nice addition to your portfolio nonetheless. Please carefully consider all the risks before investing in it.
DOGE is a proof-of-work currency, meaning miners have to spend computing power and solve complex math puzzles to validate transactions on its blockchain platform. If you’re looking to get some Dogecoin without paying for it, read our article on DOGE mining.
Market capitalization: $569.3M
Official website: chiliz.com
Chiliz helps to operate Socios, one of the most prominent blockchain-based sports and entertainment platforms in the world. This service allows people to take part in the governance of their favorite sports teams and brands. This is done via fan tokens that offer a way for organizations and officials to connect with fans while also opening up new ways to make a profit.
Fan tokens give users access to such things as carrying out surveys and polls regarding any club-related decisions and activities, booking VIP experiences, getting exclusive deals, and so on.
CHZ, the platform’s native token, has several use cases — for example, one can purchase the aforementioned fan tokens with it.
Although the fan token industry has not really taken off yet, it is still an exceptional and innovative technology that provides a new solution for fans to interact with their idols. Who knows, maybe it’s just one partnership away from going to the moon — such things are impossible to predict.
Please do your own research before deciding whether CHZ is worth your time or not. You can learn more about this token here.
Market capitalization: $98.2M
Official website: renproject.io
REN is an ERC-20 token that enables the normal functioning of an open protocol that goes by the same name. Ren, the project, was built to provide liquidity and facilitate interoperability between different blockchain platforms.
Ren was designed to overcome some of the most pressing issues in the DeFi sphere, so, as a project, it is relatively future-proof. It allows DeFi projects to interact with foreign cryptocurrencies like Bitcoin. Ren lets users bypass wrapped versions of crypto coins and tokens, like WBTC.
There seems to be a lot of enthusiasm for this token; however, that can be deceiving. It’s always better to carry out your own research rather than rely on the opinions of others — even experts — online.
Market capitalization: $2.8B
Official website: stellar.org
Stellar, a hard fork of Ripple, has been providing people with access to blockchain services since 2014. It is an open network that facilitates global transactions and offers a more efficient way to store value.
What sets the Stellar network apart from other blockchain projects is its fee structure: every transaction costs exactly 0.00001 XLM, no matter its size. Considering XLM is a cheap cryptocurrency worth less than a dollar, Stellar transactions are unprecedentedly cheap.
As the cryptocurrency world becomes more mainstream, there will arise a need for cheaper transactions. And Stellar, with its solid technological foundation and established reputation, is one of the best candidates for taking advantage of that need.
XLM responds well to the rise and fall of cryptocurrency prices on the market and will most likely continue to be a worthwhile investment opportunity.
Check out our Stellar price prediction here.
Market capitalization: $15.5B
Official website: xrpl.org
Despite being one of the biggest cryptocurrencies in the world by market cap and in terms of popularity, XRP is still fairly cheap. But don’t let its price deter you from investing in this coin: it is incredibly promising and has proven to be a worthwhile investment.
XRP has been consistently ranked within the top 10 on CoinMarketCap for the last few years. This coin has weathered all the storms and stood strong amid all challenges while its average price has been increasing over the years. Although XRP still hasn’t managed to retake its previous ATH reached back in 2018, it has mooning potential.
Additionally, this cheap cryptocurrency stands to gain a lot from mass adoption, so XRP is definitely worth keeping an eye on.
Check out our XRP price prediction here.
Market capitalization: $218M
Official website: ankr.com
ANKR is an ERC-20 token that powers Ankr, an autonomous cloud computing platform. Some experts consider it more efficient than not only other competing blockchain networks but even traditional services like AWS.
Besides being efficient, ANKR is also eco-friendly: it allows companies to make the most of their existing machines. One of Ankr’s unique selling points is that it lets cloud computing services rent out their unused or underutilized machines. ANKR, the platform’s native token, facilitates the whole process.
Ankr features multi-chain functionality, which lets it work with several different blockchains. It can also be used by developers to create their own initiatives and projects.
In addition to all the functionality it provides, ANKR offers its investors one of the best ways to make money off of your money — staking.
DeFi Coin (DEFC)
Market capitalization: $1.4M
Official website: deficoins.io
Have you heard about DeFi Coin? Well, there’s a big chance that you haven’t — after all, this cryptocurrency has barely made it into a top 5,000 ranking by market cap. DeFi Coin has had a few ups and downs and has devout believers… as well as non-believers.
This token was introduced back in May 2021. It has been gaining attention lately as its team launched DeFi Swap — a decentralized crypto exchange. DeFi Coin backs the platform.
Although this token has produced incredible rewards for some of its holders, there are people who believe it is a scam. You can learn more about this project on their website linked above. DYOR to decide for yourself if it’s a potentially profitable investment or yet another cheap cryptocurrency that will go nowhere.
Market capitalization: $16.45B
Official website: cardano.org
Aiming to create fair and transparent communities across the globe, Cardano (ADA) is another project that can be considered as one of the “faces” of the cryptocurrency markets. This cryptocurrency gained smart contracts functionality in 2021.
Unlike many other projects in the cryptocurrency space, Cardano has real-world utility and delivers on its promise to make the world a better place. For example, it is used in agricultural supply chains to track counterfeit goods.
In addition to its functionality, Cardano is also eco-friendly: it uses the proof-of-stake consensus mechanism.
ADA undeniably has great potential and could be a good (and cheap) buy. Its future value will depend on the adoption of blockchain technology and the partnerships Cardano establishes in the coming years.
Check out our Cardano price prediction here.
Market capitalization: $3.199B
Official website: polygon.technology
Polygon is the first easy-to-use platform for Ethereum (ETH) scaling and infrastructure development. To put it simply, Polygon allows the Ethereum blockchain to essentially transform into a full-fledged multi-chain network similar to that of Polkadot.
MATIC is an ERC-20 token that runs on the Ethereum blockchain. It secures the platform and allows its holders to vote on governance proposals.
In addition to having incredible value and working with the Ethereum network, Polygon is also backed by two crypto industry giants — Coinbase and Binance.
Ethereum is one of the most promising crypto projects out there, and Polygon’s connection to it is undoubtedly a huge benefit. Multi-chain functionality will become increasingly important as cryptocurrencies enter the mainstream, so this crypto platform has much potential.
Check out our Polygon price prediction here.
Market capitalization: $1.56B
Official website: decentraland.org
Decentraland is a virtual reality platform that is powered by the Ethereum blockchain. It allows users to create, try, and monetize decentralized applications — dApps.
MANA is an ERC-20 token that has to be burned to acquire LAND, another token used by the Decentraland platform. MANA can also serve to purchase avatars, names, and other stuff on the platform’s marketplace.
The crypto gamification sphere is not crowded, but there’s definitely some competition — not to mention, there’s also Meta’s Metaverse. Decentraland will have to fight hard to attract new users or establish new meaningful partnerships. However, even despite the recent decline in interest, this niche still has room to grow. MANA is considered to be undervalued by quite a few investors.
Check out our MANA price prediction here.
Cheap Cryptocurrencies Under $10
In a world where Bitcoin can cost thousands of dollars, cryptocurrencies worth $10 are not considered expensive. Here are some cheaper cryptos that cost a bit higher than $1 and that you can think about investing in.
Market capitalization: $2.826B
Official website: uniswap.org
UNI is often considered the most promising cryptocurrency in the industry — after all, it is the native token of one of the best crypto platforms out there, Uniswap. Uniswap is an automated market maker (AMM) that facilitates the trading of DeFi tokens. Decentralized finance, or DeFi, is one of the shining points of blockchain — it has utility even outside the crypto industry.
Uniswap is more than just a decentralized exchange: it aims to solve liquidity issues that plague most crypto projects.
Uniswap’s fundamental value, as well as its established reputation in the decentralized exchange space, instill a lot of faith in its investors. It is still going strong despite all the changes that have happened in the industry and all the new players that have entered it in recent years.
Check out our UNI price prediction here.
Market capitalization: $2.99B
Official website: chain.link
Although its price is higher than $1, LINK can still be considered a cheap cryptocurrency compared to coins like Bitcoin or Ethereum. The cryptocurrency market is known for its volatility, but LINK has managed to stand strong and remain within the top 20 on CMC and other similar ranking websites despite all the challenges.
Chainlink is an open-source cryptocurrency that enables universally connected smart contracts. Additionally, this project utilizes a decentralized oracle network to facilitate a secure connection between blockchain networks and various sources of off-chain data.
No other project can do what the Chainlink decentralized oracle network does, so, naturally, its fundamental value is quite high. Although LINK’s current price is a bit lower than its average price just a few months ago, this crypto coin can still rise rather high because of its functionality.
Check out our Chainlink price prediction here.
NEAR Protocol (NEAR)
Market capitalization: $2.39B
Official website: near.org
At the time of writing this article, NEAR was one of the top 30 cryptocurrencies in the world by market capitalization. It is a community-run cloud computing service that aims to solve age-old blockchain issues and limitations, such as low transaction speed, throughput, and poor (or pretty much non-existent) interoperability.
NEAR Protocol is also home to a wide variety of dApps, like Mintbase, an NFT minting platform. Many developers find it a lot easier to use than other similar services (e.g., Ethereum) due to its user-friendly interface, a throughput of up to 100,000 TPS, and various usability features like human-readable account names.
NEAR is a divisive digital asset: some people consider it one of the best cryptocurrency investments due to its innate functionality and high market cap, while others think of it as an overpriced scam.
It is a relatively cheap coin that introduces some innovative ideas, but, as we always say, you never know. Crypto markets are unpredictable and volatile, and at the end of the day, only your own research and judgment can help you decide which cryptocurrencies are worth investing in.
Where to buy other cryptos under $1?
Most of the cryptocurrencies on our list are available on Changelly. If we have not listed them yet, you can check out what other centralized and decentralized exchanges support them on their websites.
How to buy crypto under $1?
There’s no shortage of cryptocurrencies that cost less than $1. However, to make sure you actually pay that little, you will need to bear in mind the coin’s or the token’s fees.
What is the cheapest cryptocurrency to buy?
There are a lot of cryptocurrencies that cost very, very little — but most of them are not worth buying. Always DYOR before you buy any token or coin.
Which cryptocurrency will rise in 2022?
Most coins rise alongside the rest of the cryptocurrency market. If you’re looking for cryptos with mooning potential, pay attention to those that respond well to market trends.
Disclaimer: Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.