New and would-be crypto investors tend to say that they don’t have enough money to invest in cryptocurrencies in any meaningful way, and that they are so expensive these days that they can only afford a few coins of the cheaper cryptos, or only fragments of more expensive ones. While this is definitely true if you look at the market champions such as Bitcoin and Ethereum, there are still plenty of opportunities to buy cheap right now, and then wait for the prices to go up.
There are many coins out there that are heavily undervalued, or brand new, belonging to various sectors, including the metaverse, DeFi, NFT, memecoins, and more. Not all coins are necessarily going to go big, and some might not even make it, but if you are willing to do your research and try to recognize those that might have real potential, then you are in the right place.
We have looked through the market ourselves, and we selected out top 10 cryptocurrencies that you can buy for under a cent right now, and likely profit from, once the market allows them to grow. If that sounds interesting to you, then check out the following coins and tokens.
1. Shiba Inu
The first on our list is Shiba Inu — one of the memecoins that were inspired by Dogecoin. Like Dogecoin, Shiba Inu is not a cryptocurrency that aims to solve a particular issue or engage with DeFi, NFTs, and alike. It is simply a digital coin that can be used for payments. However, as a memecoin, it quickly became rather popular, to the point where it even managed to overcome DOGE and its position last year.
Since then, DOGE came out on top once more, but Shiba Inu still remains one of the more popular cryptocurrencies out there, with great potential to grow again.
To learn more visit our Investing in Shiba Inu guide.
2. Holo
The next on the list is Holo — a P2P distributed platform for hosting dApps that was built using Holochain. Interestingly, this is a framework for developing decentralized applications, and it doesn’t require blockchain technology. Holo’s goal is to be the bridge between dApps built on Holochain and the broader internet. As such, it wishes to offer an ecosystem and marketplace where decentralized applications can be accessed with ease.
Its role as a bridge between Holochain and everyday users not familiar with blockchain technology might make it one of the leading projects for introducing people to crypto, or at least to dApps, which is why we believe that it definitely deserves a look over.
To learn more visit our Investing in Holo guide.
3. APENFT
APENFT is a project based in Singapore, whose goal is to invest in top NFT platforms and artworks. It also aims to incubate leading NFT artists, and help build a bridge between the NFT world and world-class artists. The project intends to sponsor galleries, organize exhibitions, set up awards to support artistic creation and criticism, and more.
Also, it serves the blockchain industry in a way of expanding it through the discovery of new ways for blockchain and art to connect to one another and support one another. The project believes that NFTs have an important role in the future of blockchain, and by dedicating itself to servicing the NFT sector, it secured its own spot in that future, as well.
4. Radio Caca
In the fourth spot, we have Radio Caca, which is a DAO operated by internet-native individuals all around the world. These people share a single vision of building a “brave new virtual world.” This universal metaverse is a 3D planet world that features its own land that users can purchase, build stores and art galleries in, and even create and play blockchain-based games.
It is very similar to leading metaverse projects, which is why we believe that there is a lot that it can achieve over time. For now, however, the project is still not even one year old, and for most of its existence, the crypto industry suffered a price crash which is likely why Radio Caca is still struggling to go big.
5. UFO Gaming
Halfway down the list, we have UFO Gaming, which is a decentralized gaming platform featuring P2E elements, DeFi functionalities, and, of course, NFTs. Essentially, it is a platform that offers a metaverse built to house multiple games, with the first one being an RPG/arcade action game called Super Galactic.
The project allows anyone to play, and all they need to do is mint playable characters in the form of NFTs. These characters, called UFOeps, can be minted through the farming of the in-game utility points called Plasma Points, which are, in turn, farmed with UFO tokens. But, once you are in, you can battle against hostile aliens, defend the world from their invasion, and earn real monetary rewards for completing daily quests.
To learn more visit our Investing in UFO Gaming guide.
6. YooShi
YooShi is a memecoin, not unlike Shiba Inu. Of course, that is pretty much the only thing that they have in common, as this is a community-driven, equitably launched meme crypto based on BSC, which aims to connect NFT and GameFi with the viral aspect of a meme coin. YooShi’s long-term goal is to become the world’s largest blockchain gaming NFT metaverse, and its creation was largely inspired by SHIB’s own success.
Initially, the token was supposed to be purely a memecoin. However, over time, its community started coming up with ideas to give it real utility, eventually turning the project into a blockchain gaming launchpad. With blockchain gaming blowing up, a project like this definitely has a future, which is why we believe it deserves a place on this list.
To learn more visit our How to buy YooShi guide.
7. VIMworld
Moving on to number seven, we have VIMworld, which is a brand new, innovative ecosystem that combines Smart NFTs, blockchain, IoT, as well as a new generation of smart toys and collectibles. It is a project with a strong incentive structure that features a circular economy, and it encourages token holders to keep engaging in order to generate value for players, traders, and even collectors.
The project says that it was quite clear to its developers that the world did not need VIMworld to be just another game. Instead, they had a vision of creating a system that would provide an incentive for engagement and socializing, while providing experiences that can be shared with others in the community.
8. PolkaCipher
For the eighth spot, we chose PolkaCipher, which is a cross-chain, privacy-preserving project headquartered on Polkadot’s network. The project’s main goal is to increase the applications of decentralized finance and non-fungible tokens in the business setting. In other words, it aims to provide these blockchain products with new use cases, as well as increase the reach of Web 3.0 applications in the blockchain economy.
It also plans to bridge the gap between on-chain dApps and the off-chain internet economy, thus allowing centralized and decentralized finance to coexist and easily interact with one another.
9. Kin
Nearing the end of the list, we have Kin, which is a token that works differently than most cryptocurrencies. First, it enters circulation via an incentive-based revenue model that it calls Kin Rewards Engine. Basically, the Engine rewards developers who create interesting and innovative crypto-related experiences, and lend themselves to the value of Kin.
The model is, therefore, used to incentivize the adoption of new use cases, as well as the creation of value for a cryptocurrency. Furthermore, it is the fastest and easiest way for the devs to integrate a cryptocurrency within their project’s ecosystem. And, its alternative monetization model is meant to help users and developers re-align around a shared digital economy, where content creators and users both get rewarded for bringing value to the platform.
10. WINkLink
Finally, we have WINkLink — the TRON ecosystem’s first comprehensive oracle project that fully integrates the real world with the blockchain world. The project is quite interesting, and it claims that it will be able to provide reliable, verifiable random numbers that cannot be predicted. As a result, it can help restore trust in TRON-based lottery games, and improve user experience in other ways by tapping into events, data, payment systems, and more.
It is certainly a project that TRON can use as a way of reassuring users that the games they participate in are truly picking the numbers randomly, which might boost interest in TRON’s entire ecosystem.
Conclusion
As you can see, there are plenty of coins that cost less than a cent that you can get right now, belonging to different chains, different trends — such as the NFTs, DeFi, metaverse — and more. With such a low price, you can buy hundreds of them and then hold them safe in your wallet as you wait for the prices to skyrocket again and take their value up, as well.
Of course, you should not invest recklessly and based on our (or anyone else’s) word alone. Do your own research, and decide whether you think these coins and tokens have a future. However, if you need a place to start, the list above might be the perfect place for that.
The post Top 10 Cryptocurrencies that You can Buy for Under 1 Cent in 2022 appeared first on Securities.io.
