With the year running to a close, many altcoins are making the push to cap their year performance with a bullish surge, here are 12 altcoins under $1 to place on the watchlist this December.
With thousands of digital currencies in the market today, it is easy to get carried away by the noise. As Bitcoin (BTC) comes off as the most expensive of the largest assets, alternative projects with great fundamentals, ecosystems, and low prices are also worth exploring.
This article dives into these alternative assets including XRP, Cardano (ADA), Dogecoin (DOGE), Shiba Inu (SHIB), Stellar (XLM), Vechain (VET), The Graph (GRT), Algorand (ALGO), Cronos (CRO), Tezos (XTZ), KAVA, IOTA.
XRP, XLM, and CRO
There is one underlying theme for these cryptocurrencies and that is their core utility which is linked to payments.
XRP as the oldest of the trio is priced at $0.614 with a market capitalization of $33,090,728,773. XRP’s emergence sought to decentralize payment in a way to truly provides the competition that mainstream alternatives cannot match.
As a below $1 coin, XRP looks to soar beyond this threshold, as it ranks as the only altcoin with regulatory clarity in the US. It is also undergoing massive adoption by institutions, a trend complemented by the prospects of its XRPL affiliation.
XLM also has the same value proposition as XRP and it is priced at $0.1201 with a market capitalization of $3,367,700,831.
CRO, with its affiliation with Crypto.com, has a price of $0.09081 and a market cap of $3,367,577,983. With enough upside to grow, these coins have stability and can be worth any investor’s consideration for long-term returns.
ADA, SHIB, and ALGO
Cardano has a very great reputation as a layer-1 blockchain with the right potential to possibly topple Ethereum (ETH) in the future. The cryptocurrency is worth $0.3871 with a $13,664,694,308 market cap. ADA serves a protocol known for high development activity, impressive innovation rollout, and a passionate community.
Shiba Inu even raises the bar when it comes to its supportive community and future potential. With a price of $0.000008377 and a market cap of $4,943,244,835, Shiba Inu proves to the world that self-transformation from a memecoin to a smart contract hub can pay off. The token’s future prospects lie in this unique shift in value offering.
Algorand started the year on a shaky footing but has changed its fortunes in recent times. Currently valued at $0.1425 with a $1,146,288,594 market cap, it is worth watching especially since it recently made a move into India.
DOGE, VET, GRT
Dogecoin is one of the oldest cryptocurrencies, with a history dating back to 2013. Currently worth $0.08398 with a market cap of $11,930,320,580, DOGE has shown the world what a memecoin is capable of.
Besides being supported by the world’s richest entrepreneur Elon Musk, Dogecoin commands a vibrant community of dedicated investors. There is obviously no limit to what DOGE can achieve in the long term.
Vechain is a highly regarded enterprise blockchain that is at the forefront of many unique innovations bordering on powering the Internet of Things (IoT) revolution, Global supply chain, and more. VET is worth watching seeing it is cheap with its price at $0.02269 and a market cap worth $1,649,748,674.
The Graph is a unique alternative to Chainlink (LINK) as it serves as a well-designed decentralized oracle protocol multiple functions. With a core offering in a relatively unsaturated space, GRT at $0.1514 and a market cap of $1,410,560,290 is arguably a steal.
XTZ, KAVA, IOTA
Tezos is an old name when it comes to highly functional and unique PoS protocols. Currently valued at $0.8545 and a market cap of $821,958,480, Tezos has one of the most robust partnerships in the crypto world, including one with the Manchester United football club, and also known for its easily upgradable blockchain.
KAVA might be a relatively obscure name compared to earlier mentioned altcoins but it serves a very distinct ecosystem in the Cosmos ecosystem. The token’s price of $0.8547 and market capitalization of $777,195,341 as well as its scalable protocol make it a promising token to place on watchlists.
IOTA made headlines recently for launching the DLT Foundation, the first of its kind in the United Arab Emirates (UAE) with a $100 million fund to boost its ecosystem.
This move, as well as its push as an IoT technology powering unique interconnectivity system make it a prime candidate for sustained growth. It is currently trading at $0.2681 with a market cap of $823,511,448.
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