Top 5 Altcoins Under $1 to Keep an Eye on in 2023

    The year 2022 proved to be a difficult one for the cryptocurrency and altcoin market, marked by the downfall of Terra and FTX, which had a significant impact on the industry. As a result, most digital assets suffered significant losses and are currently trading at a discounted value.

    We have chosen 5 altcoins that are currently trading for less than $1 and have the potential to perform well in the upcoming bull market.

    1. Cardano (ADA)

    Cardano’s native token emerged as one of the top performers in the 2021 bull market, resulting in substantial profits for many investors. However, the current price of ADA is 88% lower than its all-time high of $3.09, which was achieved on September 2, 2021.

    Despite the decline in price, ADA still operates on a dependable network that provides fast and low-cost transactions, and it continues to attract the development of new applications.

    ADA Price

    ATH price: 3,09

    Current price: 0,373

    2. Audius (AUDIO)

    AUDIO serves as the native token for the Audius music streaming platform, functioning to regulate access to the platform’s features and guarantee security.

    The platform leverages blockchain technology to establish direct communication between musicians and their fans, eliminating intermediaries. With the increasing interest of the crypto community in novel methods of monetizing content and incorporating web3 solutions, AUDIO retains the potential for substantial growth.

    AUDIO Price

    ATH price: $4,95

    Current price: $0,23

    3. Polygon (MATIC)

    Polygon is among the most prominent Layer 2 (L2) scaling solutions for Ethereum, and it has managed to sustain itself in a challenging year for the cryptocurrency industry thanks to various partnerships, integrations, and developer engagement.

    The price of MATIC has remained relatively steady for several months, indicating consistent investor demand – a crucial factor during an extended bear market.

    MATIC price

    ATH price: $2,92

    Current price: $0,86

    4. Curve (CRV)

    Curve Finance is a decentralized exchange (DEX) that employs automatic market maker technology to enable efficient trading with minimal slippage and fees. With one of the highest total value locked (TVL) in smart contracts and a substantial user base, the platform is among the top DeFi protocols, trailing only Uniswap.

    The increasing user interest in decentralized protocols could benefit Curve and have a favorable impact on the price of the CRV token.

    CRV price

    ATH price: $15,37

    Current price: $0,81

    5. Ripple (XRP)

    Ripple has been a prominent player in the crypto market since its establishment in 2012, enduring numerous highs and lows. The company presents an alternative to the international interbank system, SWIFT, for transmitting information and conducting payments, with users utilizing the native cryptocurrency XRP for transfers and transactions on the Ripple network.

    Currently, Ripple is embroiled in a legal dispute with the U.S. Securities and Exchange Commission (SEC); however, key industry figures are optimistic that Ripple will prevail. Such an outcome would not only result in a significant increase in the price of XRP but also signify a significant advancement for the entire crypto community.

    XRP price

    ATH price: $3.40

    Current price: $0.42

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