ETH - Are These the Best Cryptos Under $1?
2023-12-24 06:00:00 ET
Even with the sharp run-up in crypto prices this year, it's still possible to find top cryptocurrencies trading for less than $1. In fact, six of the top 20 cryptos, as ranked by market capitalization, are still available for less than a buck as we head into 2024.
But are any of these bargain-priced cryptos really worth owning? Based on their future growth prospects and overall competitive positioning, three of these sub-$1 cryptos could be worth a closer look: Polygon (CRYPTO: MATIC) , XRP (CRYPTO: XRP) , and Cardano (CRYPTO: ADA) .
Polygon is a Layer 2 scaling solution for Ethereum (CRYPTO: ETH) , which basically means that its long-term growth prospects are hitched to those of Ethereum. In theory, that should be a good thing, since Ethereum is the second-largest cryptocurrency in the world. As long as Ethereum continues to be the dominant Layer 1 blockchain network in the world, Polygon should go along for the ride.
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Are These the Best Cryptos Under $1?