As we approach the end of the year, many altcoins are trying to close the year’s performance with a bullish wave. Crypto expert Godfrey Benjamin has selected 12 altcoins under $1 that should be on his watch list in December.
First group of altcoins: XRP, XLM and CRO
cryptokoin.com As you follow from , there is an underlying theme to these cryptocurrencies. These are the main benefits associated with payments. XRP, the oldest of the trio, has a market value of approximately $34 billion. The token is currently trading at $0.625. The emergence of XRP aimed to decentralize payment in a way that truly enables competition that mainstream alternatives cannot match. XRP, a sub-$1 coin, is the only altcoin with regulatory clarity in the US, according to its founders. It is also widely accepted by institutions, a trend complemented by the prospects of the XRPL connection.
XLM also has the same value proposition as XRP. The token is changing hands at $0.12, with a market value of approximately $3.4 billion. The price of CRO, which is affiliated with Crypto.com, is $0.092. Additionally, its market capitalization stands at $2.3 billion. These coins have stability, with enough upside to grow. It is also worth any investor’s consideration for long-term returns.
In the second group there are ADA, SHIB and ALGO
Cardano has a huge reputation as a layer-1 Blockchain with the right potential to overthrow Ethereum (ETH) in the future. The altcoin is changing hands at $0.395 with a market value of $13.9 billion. ADA serves a protocol known for high development activity, impressive innovation delivery and a passionate community.
The Shiba Inu raises the bar even higher when it comes to its supportive community and future potential. With a price of 0.0000084 and a market cap of $4.99 billion, Shiba Inu proves to the world that self-transformation from a meme-coin to a smart contract hub can work. The token’s future prospects lie in this unique shift in value proposition. Algorand started the year on a shaky note. However, the altcoin has changed its fortunes recently. The token is currently trading at $0.153 with a market cap of $1. billion. This token is worth watching, especially since it has recently entered India.
Third altcoin group: DOGE, VET and GRT
Dogecoin is one of the oldest cryptocurrencies, with its history dating back to 2013. It is currently valued at $0.085 with a market cap of $12 billion. In short, DOGE showed the world what a meme-coin can do. Dogecoin received the support of the world’s richest entrepreneur, Elon Musk. Besides this, it also has a vibrant community of dedicated investors. It is obvious that there is 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 bound to power the Internet of Things (IoT) revolution, Global supply chain and more. VET is a cheap altcoin for now, with a price of $0.02269 and a market cap of $1.7 billion. The Graph (GRT) is a unique alternative to Chainlink (LINK) as a well-designed decentralized oracle protocol serves multiple functions. With a fundamental bid in a relatively unsaturated space, GRT is trading at $0.1514. The market value of the token is at 1.41 billion dollars.
Last crypto group: XTZ, KAVA and IOTA
Tezos is an old name when it comes to highly functional and unique PoS protocols. It is currently valued at $0.8545 and has a market cap of $822 million. Tezos has one of the most solid partnerships in the crypto world, including with Manchester United football club. It also has a Blockchain that can be easily upgraded.
KAVA is a relatively obscure name compared to the previously mentioned altcoin projects. However, it serves a very different ecosystem within the Cosmos ecosystem. The token has a price of $0.81 and a market cap of $796 million. Besides this, its scalable protocol makes it a promising token to place on watchlists. IOTA recently made headlines for launching the DLT Foundation, the first of its kind in the United Arab Emirates (UAE), with a $100 million fund to strengthen its ecosystem. This move and its thrust as an IoT technology that leverages its unique interconnection system make it a prime candidate for sustainable growth. The token is currently trading at $0.337 with a market cap of over $1 billion.
The opinions and predictions in the article belong to the expert and are definitely not investment advice. We strongly recommend that you do your own research before investing.
