Check Out These Under $1 Crypto Worth Buying This Month

With the ongoing Curve Finance crisis and Michael Egorov’s large CRV collateralized loans, in which some investors would focus on not knowing that there are plenty of opportunities passing them by. 

While there are thousands of cryptocurrencies in the market battling each other’s prices, some investors are still looking to invest in a cryptocurrency that has more potential for ROI and benefits. And these coins’ value could be less than $1 but still shows potential for a big surge. Let’s dig into the top 3 cryptos under $1 that are worthy of exploring.

DigiToads (TOADS)

DigiToads, an emerging star in the world of DeFi, is drawing the attention of both buyers and merchants with its secure and reliable system. It envisions ushering in a fresh era characterized by trust, openness, and security.

A notable advantage of DigiToads is its unique concept of spotlighting toads, portraying them as the novel rulers of the marshlands, disrupting the dominance of frogs. This approach underscores DigiToad’s strong commitment to ecological sustainability, as it allocates 2.5% of its profits to charitable initiatives that promote reforestation in the Amazon.

During its presale phase, a high level of importance is placed on transparency and trust for this emerging token. To ensure these aspects, DigiToads has undergone a thorough audit conducted by Coinsult, a prominent blockchain auditing firm specializing in the analysis of DeFi projects. As a direct outcome, DigiToads can be deemed extremely secure and has undergone meticulous scrutiny to eliminate vulnerabilities. This stringent evaluation ensures that its code is robust enough to handle substantial sums of funds, safeguarding the ecosystem from any potential fraudulent endeavors.

Furthermore, within the DigiToads ecosystem, there is a planned Play-to-Earn (P2E) game that offers players the opportunity to both relish the gaming experience and earn tangible money, serving as a continual source of supplementary income. Complementing this, the TOAD NFT Collection assumes a pivotal role within the ecosystem, consisting of 3,500 NFTs that can be created on the platform using the native token TOADS.

As of now, TOADS is in the final phase of its presale, currently valued at $0.05. The presale period will remain accessible until August 15th.

Polygon (MATIC)

Polygon (MATIC) has been around for quite some time and is still one of the top crypto coins known for its scalability and interoperability.

The highly-awaited launch of Polygon 2.0 is set to take this project to new levels of success. Polygon 2.0 is designed to address the scalability challenges faced by different blockchain networks and to also provide an even more efficient and cost-effective solution for dApps and smart contracts.

MATIC is currently trading at $0.67 after falling by nearly 23% since mid-last month. Despite its recent market performance, MATIC’s price still experienced a bit increase in the last 24 hours. At this stage, MATIC price selling pressure sits around $0.68 – $0.70 where bears seem to be dominating above the EMA20 and the bulls are still displaying signs of strength and the BoP indicator shows a bullish region, hinting at a potential upward momentum.

With Polygon 2.0 fast approaching, traders are betting on an influx of new users and developers to come to the network driving an increased demand for MATIC tokens.

Cardano (ADA)

Cardano, known for its Proof-of-Stake (PoS) Layer-1 smart contract network has witnessed growth and success in the second quarter of 2023. 

In the second quarter, the Cardano ecosystem got a remarkable 49% increase quarter-over-quarter in dApps transactions with Minswap leading the charts. Cardano’s TVL was up by 9.7% and 198.6% year-to-date. As a result, Cardano moved from 34th to the 21st rank in TVL across all chains.

Talking about initiatives, Cardano (ADA) is also approaching its Mithril upgrade to enhance the speed and efficiency of node syncing allowing the network to operate more efficiently. This upgrade is only part of the extensive upgrade that Cardano has undertaken throughout the bear market.

Moreover, IOTA and Cardano along with Shimmer are set to have a partnership that could unlock new opportunities for both ecosystems. At this stage, the integration has already sent ripples through the market. ADA is currently trading at $0.29.

ABOUT THE AUTHOR See More

Sophia Cruz

Financial Writer - Asian & European Desks

Sophia is an experienced writer, reporter and newsdesk member, mostly on the financial sectors. For the past 5 years Sophia has covered a wide variety of topics such as the financial markets, economics, technology, fin-tech and trading. Sophia has been a part of the FX Leaders team since 2017 and works on producing valuable content and information for traders of all levels of experience.

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