The end of 2022 marks the end of the most turbulent period in the cryptocurrency industry. Various ecosystems collapsed, some shutting down entirely, further disrupting the altcoin market. The unexpected shutdown of Bankman-Frieds FTX and the sudden end of Terra, a major player in the cryptocurrency market, is a notable concern for cryptocurrency investors. Most cryptocurrencies fell sharply, some falling below $1. This list rounds up 5 sub-$1 altcoins that are worth a look.
Considered a game changer due to its utility-focused approach in web-3, TOADS is one of the most promising tokens on the market, selling for $0.036. The DigiToads app, NFT staking functionality, and P2E in Web-3 have made it beloved by cryptocurrency enthusiasts, who have helped it climb to the top, raising over $4.2 million in pre-sale funding.
One of DigiToads’ selling points is its high regard for the community and its time to get involved and feel appreciated. On Twitter, it keeps fans engaged by providing timely updates and announcements, helping early adopters quickly decide on their assets. It also has a prize pool powered by a community that provides active members for the different social venues it has.
NFTs are at the heart of DigiToads’ growth and have potential even in their early stages, as owners can stake them for prizes. DigiToads guarantees the continuity of these prize pools by taking a 2% discount on any transaction on its platform. In the long run, the platform aims for continued growth and massive development in the Metaverse, which will make it more resilient during turbulent times.
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Cardano (ADA)
Cardano’s ADA was leading the 2021 bull run, reaching highs of around $3 at one point. Since then, however, it has fallen below $1. Its past gains of around $3 make it a strong altcoin to bet on as the market once again showed signs of a bull run.
Currently, the token is trading around $0.4, which is a good entry point.
ADA’s reliability and the efficiency it offers in the network are factors that are attracting more investors, despite its recent setbacks. Cardano supports fast transactions and cheap transfers, which has important implications for building future applications.
Otis (Audio)
AUDIO is a token that is changing the music industry by helping it keep pace with technological change. The token is trading at $0.23, making it a good deal for investors due to the potential in the music industry. Currently, most content requires a third party to push it to the end consumer. Audius, the platform behind the token, aims to cut out middlemen and let creators enjoy the proceeds of their music.
The broad reach of the music industry and the potential for web-3 to surpass web-2 are factors that keep Audius going.
Audius investors continue to help facilitate direct connections between musicians and their fans through blockchain. If funded enough, the ecosystem could easily integrate the music scene into web-3, which promises to be the future of the internet. AUDIO is currently trading at around $0.2427, but if the project grows with other web-3 projects, it could easily trade higher.
Ripple (Ripple)
Ripple is a platform that seeks to dismantle the dominance of traditional players in the international banking industry, which has created massive inequalities in the way money moves around the world. Its platform promises to send money instantly around the world in a seamless way without going through a lot of paperwork like normal banking.
The company seeks to consolidate demand for cross-border interbank services to grow XRP from the current $0.29, doing well before the market starts to pull back in 2022. However, as a long-time player in the cryptocurrency industry since 2012, Ripple is a company investors can bet on because of its experience.
Nonetheless, the company has recently come under scrutiny from the SEC. If it wins the legal battle currently in court, the value of its native token will soar.
Polygon (MATIC)
MATIC weathered the crypto storm and remained stable around $0.8 as other products in its class underperformed. The token’s resilience is due to Polygon’s service to the Ethereum network, which is looking to improve its blockchain to compete with newcomers who are doing well competitively.
Polygon is often in the spotlight because of the sheer number of projects that make it relevant. It provides integration solutions, blockchain network expansion services, and diverse developer activities.
The stability of MATIC will continue to depend on the attractiveness of Polygon in the cryptocurrency industry, which may increase many times due to the huge demand for Web-3 services.
There is a lot of potential in the altcoin space. Real world utility seems to be the current trend in the field, causing a lot of changes due to new entrants. DigiToads is a strong asset for investors. Its potential lies in the utility services it chooses to offer to be in line with similar offerings.
The massive pre-sale, led by DigiToads, is an excellent opportunity for new investors looking for tokens that can gain a foothold in the nascent cryptocurrency space.
For more information on DigiToads, visit the site, join a pre-sale or join the community for regular updates.
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