Considering the wide variety of crypto assets that the market is flooded with right now, there are several cheap cryptos under $1 that you could buy. Whether or not these tokens will reward you with high returns is the question.
To help you make the most well-informed decision in this matter, we have consolidated a set of 5 cheap cryptocurrencies that you can invest in safely for top returns in the current climate.
5 Cheap Cryptos that can give High Returns
1. Lucky Block
Lucky Block (LBLOCK) is a decentralized lottery that uses blockchain technology to solve a variety of problems with the existing system.
In the current lottery gaming scenario, physical and digital can be tampered with and hacked respectively. Lucky Block merges the security and transparency of the blockchain with existing lottery frameworks to make the system fairer and more profitable.
Launched in January 2022, the platform aims to establish a global gaming ecosystem where gamers use Blockchain Protocols running on the Binance Smart Chain, regardless of their location or financial system.
In no time at all, Lucky Block has emerged as one of the best places to find the top crypto giveaways in 2022. Daily lotteries are open to everybody in the world, and the budget-friendly token price means that there are more frequent and higher prize payouts every now and then.
Cryptocurrency investors may either generate passive income or win prizes through lottery tickets. They also have the right to receive 10% of the total jackpot on a recurring basis. These prizes are funded by proceeds from a charge on speculative transactions.
Lucky Block has also released a Platinum Rollers collection of non-fungible tokens that entitle holders to a ticket in the daily NFT draw, which is also funded by short-term trading tax payments.
With the release and response to the first daily draw of Lucky Block, its strong growth potential can be easily estimated, making it one of the best cheap cryptos to invest in at the moment. The all-time high price of Lucky Block was $0.009, and it is currently priced at $0.001383.
Your capital is at risk.
2. DeFi Coin
DeFi Coin was first released in May 2021, but it has gained traction in recent weeks because of the long-awaited launch of DeFi Swap, a ground-breaking new decentralized exchange. DeFi Coin being a community-driven token, it allows for investing in the bigger DeFi Swap ecosystem, which is soon to become the go-to platform for global decentralized investment products.
Investment in DeFi Coin also provides opportunities for speculation and profit. Since the introduction of DeFi Swap in early May, DEFC has already provided triple-digit returns for token holders, making it one of the greatest altcoins on the market in terms of value potential.
Investors can obtain exposure to DeFi Swap’s growth by holding DEFC in their portfolio, as DEFC is the exchange’s native token. Each buy and sell order on the DeFi Coin network commands a tax of 10%, which can then be split evenly between existing DeFi Coin holders and the DEFC liquidity pool.
The DeFi coin systems plans to ensure that long-term token holders are rewarded for their loyalty and short-term day holders are financially penalized. This means investing in DEFC for the longer term holds positive prospects.
Defi Coin is currently trading at $0.309656 with a 24-hour dealing volume of $11,609.96. The maximum supply of DEFC coins is 100 million.
Your capital is at risk.
3. Fetch.ai
Launched in 2017, Fetch.ai is a blockchain-based AI and machine learning platform. It offers ‘digital twins,’ which are real-world simulations or replicas intended to make life easier for both personal and business users.
Fetch.ai’s Digital Twins can help people automate monotonous tasks that hardly require manual intervention, such as parking, calculations, repairs, etc. At the same time, the user is in full control of their data.
These “Autonomous Economic Agents” can even be used to create contracts for businesses or advertise in the metaverse.
Experts suggest that Digital Twins are the future of every field, making Fetch.ai a great prospect in the coming times. In the crypto industry too, Digital Twin ecosystems can bring in more security, speed, and flexibility compared to traditional, human-involved alternatives.
Though the platform and its token display much promise, they are yet to secure a big market valuation because of the novelty of the platform and concept.
The Fetch.ai token is currently priced at $0.145 with a market cap of $108 million. According to some market analysts, Fetch.ai might reach $2 or more in the next five years, implying gains of roughly 1200% for those willing to invest today.
Your capital is at risk.
4. Ren
The Ethereum token Ren powers Ren’s open protocol that allows any cryptocurrency token to be moved across blockchains, giving users transactional freedom. Founded in 2017 by a group of IT and crypto experts, Ren also allows developers to incorporate currencies developed on other blockchains into their apps.
Developers no longer need wrapped tokens for these coins from other blockchains. The team’s mission is to enable a multi-chain decentralized finance ecosystem that is secure, fast, and private. The Ryo Currency Algorithm, a sophisticated encryption software, is Ren’s major distinguishing feature from other digital currencies.
In November 2018, this crypto asset hit an all-time low of $0.01. Ren then soared to $1.84 in February 2021, a new high. Today’s Ren price is $0.143759, with a $24 million 24-hour trading volume.
By 2025, some market analysts predict a price of $1.46, implying a possible gain of over 900% for those who acquire Ren now. So, if you’re looking for the most promising yet cheap cryptos to invest in 2022, this coin appears to be a solid alternative.
Your capital is at risk.
5. Basic Attention Token
Basic Attention Token (BAT) was founded in May 2017 and is not only one of the finest cryptocurrencies to invest in for 2022, but also serves a useful purpose.
Basic Attention Token is a DeFi coin that tries to address a well-known and specific demand – rethinking and altering how the internet collects data, presents advertisements, and treats users.
Bridged across the Ethereum and Solana blockchains, the platform has shown great promise over the years, especially recently.
It currently enjoys 55 million active users, 16 million daily active users, 1.5 million verified creators accepting BAT, thousands of ad campaigns, and millions of wallets created. No wonder it is counted among one of the most successful altcoin projects to date.
User abuse, a plethora of trackers, and advertiser fraud all contribute to a bloated user experience and slow load times, which are just a few of the issues facing the advertising industry.
Basic Attention Token is currently pegged at $0.38, down 3.95% in the last 24 hours. The live market capitalization is $570 million, with 1.498 billion BAT coins in circulation.
Your capital is at risk.
Are Cheap Cryptos a Good Investment?
The greatest coins under $1 that we’ve discussed today are similar to penny stocks. To put it another way, they’re cheap to buy and can be quite unpredictable.
It all depends on how carefully you choose among these ‘penny’ cryptos because some of them can have tremendous potential for development. You may buy them on larger scales to increase future growth potential, diversify your portfolio for better luck, and easily earn passive income by staking these coins.
Read More:
Lucky Block – Our Recommended Crypto of 2022
- New Crypto Games Platform
- Featured in Forbes, Nasdaq.com, Yahoo Finance
- LBLOCK Token Up 1000%+ From Presale
- Listed on Pancakeswap, LBank
- Free Tickets to Jackpot Prize Draws for Holders
- Passive Income Rewards – Play to Earn Utility
- 10,000 NFTs Minted in 2022 – Now on NFTLaunchpad.com
- $1 Million NFT Jackpot in May 2022
- Worldwide Decentralized Competitions
