Top 5 cryptocurrencies under €1 with great potential

In this context of crisis, it is inconceivable to talk about top crypto-currencies when they have all generally underperformed in recent weeks. However, the current market situation should not last forever, but that does not mean that it will improve quickly. Nevertheless, based on their fundamentals, we have decided to present five cryptocurrencies at less than €1 that have potential over a longer term vision.

This article is not intended to be investment advice but rather an analytical presentation of 5 cryptocurrencies at less than 1 € which present good fundamentals for a vision of the future. They would stand out from other cryptos of the same type by: the solution provided, the seriousness of their management team and the level of adoption. Without further ado, here are these 5 cryptocurrencies:

Basic Attention Token (BAT): The decentralized browser

Current price: €0.247

All Time High: €1.68

The Basic Attention Token (BAT) is a token created in May 2017 from the Brave Software project, which was launched in 2016. The founders Brendan Eich (CEO) and Brian Bondy (CTO), aimed with Brave the creation of a browser that prioritizes the privacy of all users. The Brave project has revolutionized the digital advertising industry. On the one hand, it has allowed creators to make more money from their content, and on the other hand, it has enhanced user privacy. The project grew much larger and led to the creation of the BAT token.

The BAT token (based on Ethereum) is therefore the currency of exchange that reigns on the Brave platform. It rewards both content creators and viewers of advertisements. The Brave and BAT duo therefore offers users a package that makes it unique:

  • Protection of private data thanks to blockchain technology
  • The monetization of time
  • A convenient advertising space (bulky ads are automatically blocked)
  • An ideal advertising space for companies

With over 50 million monthly active users, Brave hopes to one day compete with the major web 2.0 browsers.

Polygon (MATIC): Offering a better scalability alternative to Ethereum

Current price: €0.91

All Time High: €2.58

Also known as Matic Network, Polygon was created in 2017 by a trio of Indian-born developers: Jaynti Kanani, Sandeep Nailwal and Anurag Arjun. The cryptocurrency was set up to overcome the scalability difficulties faced by the Ethereum blockchain.

The validation of transactions on the Ether network is slow and the associated fees prove to be exorbitant. In this sense, Polygon, layer 2 or layer 2 protocol intervenes by improving the scalability of the Ethereum network. In other words, it allows Ethereum to process a much larger number of transactions per second, thereby reducing the resulting fees.

Polygon not only offers cheap solutions, but also a toolkit for developers who want to create scalability solutions themselves on the Ethereum network in compatibility with other blockchains (interoperability)!

With 142 million unique addresses, 3 million daily transactions and more than 6000 decentralized applications, Polygon aims to be the internet of blockchains. What is certain is that at this rate, its competitors will have a hard time in the coming years!

Chiliz (CHZ): Monetize the effort of socios

Current price: €0.1764

All-Time High: €0.7350

Created in 2018 by Frenchman Alexandre Dreyfus, Chiliz is a cryptocurrency that intelligently uses blockchain technology in the sports world. Indeed, thanks to its Socios.com mobile application, the company wanted sports fans to be a little more involved in the development of their favorite teams. With this innovative application was born the famous term “Fan token”!

On the Socios.com application, users can obtain Fan tokens which give them the possibility of voting for certain decisions concerning their favorite club. The more they have, the more their vote weighs in the balance of the club’s decisions. Redeemable for cryptocurrency or cash, they also allow fans to earn rewards and memorable experiences with great clubs! The application has satisfied everyone, so to speak: the clubs who benefit from additional money, and the fans who feel much closer to their teams.

The Chiliz company intends to venture, with its application, into other sports such as basketball, ice hockey, tennis or even American football. By continuing on this path, it could certainly seduce equally interesting fields such as music.

According to information shared by Socios.com, the platform has more than 1.5 million users in 167 countries around the world.

Current price: €0.4844

All Time High: €5.21

Created in 2015 by engineer Esteban Ordano (CEO and CTO) and Ari Meilich (Project Manager), Decentraland is a virtual reality platform made up of 90,601 plots of land. Platform users can buy, sell and even build on them. Based on the Ethereum blockchain, the governance asset used therein is MANA; this is used to purchase virtual land called “LAND”.

Plots of land were previously sold from $20. However, with the expansion of the game, houses and real estate are sold there for much larger sums.

Decentraland is a game that does not limit the actions of its users and it is this particularity that distinguishes it from other virtual games: users can do whatever they want after acquiring their LAND.

Major global brands have, for example, either purchased plots or entered into partnerships with Decentraland. Among them, we can mention: Adidas, Samsung, Attari, and Pwc. In March 2022, Decentraland hosted Metaverse Fashion Week where major luxury brands such as Dolce & Gabbana, Tommy Hilfiger, Elie Saab, Nicholas Kirkwood and Perry Ellis were showcased.

According to statistics provided by Decentraland, nearly 8,000 people use the platform every day.

IMPT.io: Humanitarianism in the world of cryptocurrencies

Current price: €0.02

Launched in the summer of 2022, the IMPT.io cryptocurrency intends to revolutionize the crypto world with its innovative and ecological objectives. The founding team of the project is composed of:

  • Denis Creighton, CEO
  • Mike English, the CTO (Technical Director)
  • Hugh Phelon, legal counsel

IMPT.io’s main goal is to help companies and individuals reduce the pressures they exert on the environmental footprint. It is for this purpose that the company will set up a carbon credit market combined with blockchain technology.

The carbon credit is a kind of certificate that any company or other entity that has contributed to the reduction of greenhouse gases receives. It is equivalent to one ton of CO2 avoided or sequestered. It is obtained from companies that fight for the reduction of GHGs, including IMPT.io. Thus, knowing that the blockchain facilitates secure and transparent securities exchanges, IMPT.io intends to sell its carbon credits on a platform regulated by blockchain technology, via non-fungible tokens. It is this subtle and clever combination that makes IMPT.io so special. An effective, fast and completely secure way!

Validated by several large companies, the IMPT.io project will have a very significant impact in the years to come. Currently, the project has already collected more than 12.5 million during its presales phases (presales still in progress).

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