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. 

Following the previous influence of its upgrades, IOTA’s price increases to $2.62 in 12 months. If you are interested in investing in crypto valued under $1, IOTA will excite you. Here you get to enjoy free transactions, and investors can access business data easily, further promoting data sharing even to growing businesses. 

• ICON

ICON is currently at $0.7574, with a market cap of $676.31 million. Thus, it is among the cheapest cryptocurrencies that any crypto enthusiast would consider purchasing in 2021. Basically, ICON is an aggregator network and a blockchain protocol used by the DApps. 

The aggregator chain facilitates interoperability. As such, all blockchain data is aggregated to one layer achieving a web of interconnected networks. In South Korea, ICON is the most popular crypto where the country’s biggest banks use it like Woori Bank. Its ideal partnerships foster its future price prediction with banking institutions, foreign partners, and other related blockchain companies. 

A foreign partner like Japan company LINE works with ICON to develop the DApps network through the Unchain project. Also, ICON provides Korea with effective technology to assist the government in creating an operable electronic ID system. Following the successful partnerships with governments and other companies like KYOBO, ICON will undoubtedly increase in price. A prediction of about 80% gain is probable this year, targeting a maximum price of $3 and, at worst, $2.4 by late December. 

Considering its current cheap price, investing in ICON coin would be wise. In addition, future predictions show a potential increase in the asset value, which might be profitable to any enthusiast purchasing the asset this year. 

• Dogecoin

Since its launch, Dogecoin has been under the radar, but since Elon Musk’s praises over the coin, its popularity has grown immensely. Thanks to the Dogemaster, the coin’s price and prominence increased, making it the cheapest crypto to invest in. This year alone, its price surged from $0.22 to an all-time high of $0.74 on 8th May. 

Dogecoin’s price is especially volatile since social media mostly influence it. Users from Reddit and even TikTok often attempt to influence an upsurge in its price collectively. For example, following Elon Musk’s tweets since this year, the price has surged by over 1500%. Also, he has recently been joined by billionaire Mark Cuban and other brands such as Snickers.

For example, on 20 April, the hashtag Doge420 and DogeDay trended on Twitter, users anticipated a positive surge towards the $1 price value. As a result of this social media influence, many companies accept DOGE as payment, including the Dalla Mavericks NBA Team, Post Oak Motor Cars, luxury resort companies, and even airlines such as airBaltic. As a result, the DOGE’s current price is $0.2093, and its highest market capitalization is $27 billion. 

Since the beginning of 2021, the coin has yielded lucrative returns. Many analysts consider this asset valuable regardless of how ridiculously it started in 2013 as a meme coin. Future predictions estimate the price to reach $0.38 by the end of this year and soring higher to $1 within the next five years.

• TRON

TRON is a decentralized blockchain-based platform that bases its primary function on creating a free, global digital content system that facilitates easy and cheaper data sharing. TRON was launched in 2017 by the Tron Foundation, headed by CEO Justin Sun. Its cryptocurrency is the Tronix (TRX) and is currently valued at $0.05522 with a market cap of $3.953 billion, according to CoinMarketCap. At the beginning of this year, TRX’s price was valued at $0.02 and steadily rose to $0.061 by mid-February. 

In April, it surged to an all-time high of $0.147. It is much faster than Ethereum, and with the current weakening of Bitcoin’s dominance in the crypto market, Tron has a chance to shine. Although there aren’t any certain future affirmations Tron has made, there are various reasons to be optimistic about its expected price surge. 

The price estimates are set to climb to $0.18 by next year and further reach $0.36 in five years. So you can invest in TRX easily since it is affordable, plus you get to enjoy a digital content system that allows you to access important data. 

• Stellar

The Lumen (XLM) is the native cryptocurrency for Stellar, which Jed McCaleb created in 2014. For Stellar, transaction validation is done using the federated byzantine agreement (FBA). The major function is to ensure the successful connection between blockchain technology and financial institutions.

As such, it delivers low-cost transactions. Its current market price is valued at $0.2593, and Stellar is one of the best cryptos to buy in 2021 and is also set to rise in coming years. Lumen did not perform as expected in recent years, but admirable performance has been seen at the start of 2021. Its price decently rose and reached its previous all-time high of $0.94. 

The Stellar Development Foundation has driven the price (SDF), launched on 29th January this year, marking its 2021 roadmap. The project’s main focus was to provide transparency with the three strategic pillars of supporting usability, promoting trustworthiness, and developing suitable use cases. After it announced the project, the price surged to a three-year high value in under two weeks. 

Furthermore, Stellar recently announced its integration with the USD coin allowing its users to send USDC tokens. The result of the previous announcement favored the Lumen price positively, and the second one probably will as well. Its price started from $0.0125 and skyrocketed to $0.57 by mid-February. Based on these facts, this year’s price prediction is set to reach $0.77 and even $5 in five years. Its low price makes it a straightforward asset to purchase that will yield you profits soon. 

• VeChain

The VeChain Blockchain functions as a support system for supply chain management by using distributed ledger technology. VeChain is currently priced at $0.07723, making it one of the cheapest cryptocurrencies to invest in 2021. After entering the market in 2018, VeChain remained at a low price of under $0.01 until mid-year 2020. 

During this year, it reached its all-time high of $0.25 in April. Further predictions show its price movement upwards towards $0.28 by December after exceeding the $0.3 barrier or even an ATH of $0.4. Considering the current price level, an increase in its purchase will greatly affect the VET investors to earn significant profits. 

Similarly, VeChain’s partnership with companies such as BMW car brand and Walmart China secures its future in the crypto market, ensuring positive future price predictions. In light of this, you can invest in VeChain since its low price and current price trends bear fruitful expectations that you can benefit from greatly in the future.

Conclusion 

Most cryptocurrencies popularly known all over the globe are decentralized in nature and highly secure. In any case, to make the best investment plan for you as a crypto investor, considering the crypto prices is an essential part of strategy application because of making profits.  Regardless, inexpensive cryptocurrencies are the best investments for long-term strategic investments. 

Cryptocurrencies such as Stellar, IOTA, Dogecoin, and the above-listed cryptos have the advantage of being affordable to any individual since their prices are lower than $1. However, their prices are set to increase following specific influences such as foreign and government partnerships, upgrades, and new projects. Moreover, there is a low risk of significant loss, but investors stand a chance to grow the investments making significant profits. 

Considering the cryptos listed above, it is safe to conclude that these currencies set the best price standards affordable by any crypto enthusiast.