Less Than A Dollar Cryptos To Diversify Your Portfolio In 2021

The market price of the most popular crypto projects is over a dollar and is relatively expensive to most investors. Similarly, cryptos are valued under a dollar, where some possess features that make them stand out in the crypto market. 

Here’s a look at the most promising cryptocurrencies costing less than a dollar that you should consider buying in 2021.

  • Algorand

Algorand is a blockchain protocol whose functions aim at being decentralized, scalable and secure. Since its launch, Algorand has shown an uptrend in its price and is currently at $0.8127 as of June 2021. First, the token was valued at $2.86 during its launch but suffered a bearish run that lowered its price to $0.23 by the end of 2019. 

In 2020, the COVID-19 pandemic took a toll on the price that made it reach an all-time low of $0.12 but later surged to $0.33 at the year’s end. The major reasons backing its expected price increase are future partnerships with initiatives and startups like BridgeTower. Also, its partnerships with other companies will improve its security, accountability, and easy access to its platform. 

Following  Algorand’s current price trends, future price predictions are fostered under similar market segments, setting an increase of over 82.7%. In simpler terms, this is equaling a price of $1.3738 after a year. To be more precise, if you chose to invest $50 now, your yields next year will total about $92. 

As you can see, the best time to invest in ALGO would be now before its surge to a dollar price value next year. In five years, its price is expected to reach $22.

  • IOTA

IOTA is an open-source distribution ledger purposely created for the Internet of Things (IoT). It’s considered more scalable than other blockchain-based distribution ledgers. It functions by storing ser transactions on its ledgers by employing direct acyclic graphs. 

One of its primary functions is to promote data sharing through selling data done by business enterprises. It is also blockless, implying that all transactions within the network are free. Currently, IOTA is priced at $0.772 and is set to rise to $2.2 by the end of this year. Moreover, following its steady rise this year after being stuck between $0.05 and $0.6, the network announced its upgrades. 

This included creating a multipurpose use for IOTA, including tokenization and smart contract development. After its announcement, the price surged by 18% and has increased to 345% since then, proving its future price predictions will be positive. The basis of this prediction is that the second phase of IOTA’s Chrysalis project includes other upgrades and enhancements that ensure high security, network speed reliability, and scalability. 

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Disclaimer: The Content is for informational purposes only; you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing ...

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