Source: Thought Catalog, via Unsplash
There’s no better time to trade cryptocurrencies than now; the cryptocurrency space is currently in the middle of one of the most impressive bull runs — with cryptocurrencies like Bitcoin and Solana taking the lead. When Bitcoin surges, we can expect most other tokens to grow alongside it, and vice versa, and the ongoing Bitcoin boom has seen it grow above $62,000 for the first time in years. Most people do not have $60,000 to drop on a single Bitcoin, but there are alternatives, and today’s piece will look into some of the best cryptocurrencies valued below $1 per token.
Ripple (XRP)
XRP is one of the world’s largest and most significant cryptocurrencies and the sixth-largest cryptocurrency by market cap. Ripple is also the most important cryptocurrency, with tokens priced below $1. There can only be $100 trillion XRP tokens minted, and more than 50% of the total achievable market cap is currently available on the market. Ripple is a significant player in the startup ecosystem and has consistently been in the top-10 list of cryptocurrencies for many years. If you plan to trade crypto on OANDA, XRP should be one of the tokens you consider because this project has proven its resilience over the years.
While writing, XRP’s token price was $0.6064, representing a 20% growth in February 2024. With a market capitalization of $33.1 billion and a 24-hour trading volume of $1.7 billion, XRP currently has a volume/market cap ratio of 5.30%, which is respectable but has dropped considerably over the past 24 hours.
Ripple is up from the past year, and if you look at the charts, they present an impressive growth story. When investing in cryptocurrencies below $1, XRP will always be a trusted and reliable token for most people — and it might be for you, too.
Source: Kanchanara, via Unsplash
Cardano (ADA)
You cannot call yourself a true crypto investor without holding a bit of ADA. ADA is one of the most traded and significant cryptocurrencies in the crypto market. Over the past few years, it was able to grab the attention and earn the respect of crypto enthusiasts globally. Cardano (ADA) is the premier proof-of-stake blockchain built on evidence-based methods built on peer-reviewed research knowledge. The Cardano team claims to be ideal for builders, visionaries, innovators, and like minds, and these are among the reasons why this cryptocurrency is performing incredibly in the markets.
While writing, the ADA token was worth $0.748, and with a market cap of more than $26 billion, this token is the 8th largest crypto project. The token’s 24-hour trading volume of $1 billion gives it a volume/market cap ratio slightly above 4%. You may be excited to learn that ADA grew by more than 46% in February 2024 while also showing strong growth over the past week. ADA’s 46% growth over the past month means that if you had invested $100 on February 1st, your investment would be worth more than $146 today.
Source: Kanxhanara, via Unsplash
Dogecoin (DOGE)
Few cryptocurrencies are more famous (or infamous) than Dogecoin. Dogecoin (DOGE) was one of the first “meme coins” to take the world by storm, and in more ways than one, this token forced us to rethink what we believed to be cryptocurrencies with growth potential. Elon Musk is one of the internet’s most polarizing figures; those who love him genuinely adore and cherish him, while those who don’t like him actually hate him. DOGE originally started as a joke, and it features a dog as its mascot. Still, after gaining a cult following and the attention of Musk, it grew to incredible heights a few years ago but lost a considerable amount of its value and has stayed quiet for a while — until now.
While writing, the price of DOGE was $0.1441, representing over a 100% rise in February. Interestingly, its growth over the past month helped this token achieve a market cap of $20.65 billion, making it the 9th largest cryptocurrency globally. With a 24-hour trading volume of over $4 billion, DOGE has a volume/market cap ratio of 20%, showing that there has been a considerable amount of action with this cryptocurrency.
Trading Low-Cost Tokens On OANDA
The cryptocurrency world is more than Bitcoin and Ethereum, and you can own tokens from some of the largest and most significant projects for less than $1. These projects can help you grow your portfolio. Next time you decide to trade crypto, consider OANDA to ensure you get the most out of your experience.
