January 30, 2023
By Murtuza Merchant
With more than 21,000 cryptocurrencies in circulation, it can be overwhelming for investors to decide which tokens to invest in. With such a large pool of options to choose from, finding the right tokens to invest in can be like finding a needle in a haystack.
The difficulty of finding the right tokens is one of the major reasons why thousands of investors lose millions of dollars in crypto every day. A lot of beginners jump from one trade to another in pursuit of quick wealth, but without a proper plan, their portfolio is left in jeopardy.
This is why it’s essential to have a clear strategy and understand the industry well before investing in any tokens.
One strategy that can be effective is buying low and selling high. While it’s almost impossible to find the exact bottom, trying to trade according to market cycles can be beneficial.
It’s always advantageous to get in early on a token before it experiences a significant rally. Seasoned investors often have a portion of their portfolio in low-cap gems for this reason.
In this article, we will discuss three altcoins under $1 that have the potential to generate steady gains in 2023 and beyond.
These include $XRP, the native cryptocurrency of Ripple, a blockchain-based digital payment network that enables fast transactions with minimal energy consumption.
$XRP has an edge over $BTC as it is more environmentally friendly, and it aims to be a more efficient alternative to the SWIFT network. Despite the SEC issue, the project’s adoption is poised to grow during the next bull run. $XRP is currently trading at around $0.34, whereas its all-time high is $3.84.
$MATIC is another promising altcoin, it is a blockchain scaling platform that aids the expansion of Ethereum-compatible blockchain networks. In a highly volatile market, $MATIC has shown great resilience, making its price movement comparatively predictable.
It also has a burning mechanism in place to avoid over-flooding of the token in the market. The token showed great growth prior to the current bear run, reaching an all-time high of $2.92. It is currently trading at around $$0.79, which makes it a great opportunity for dollar cost averaging (DCA) into the token between $0.50 and the current market price.
$ZBC is the third altcoin that is worth considering for investment in 2023. It is the native token of Zebec Protocol, a Solana-based continuous settlement protocol with increasing adoption and leading partnerships within the industry. Zebec offers innovative solutions like Zebec Payroll, allowing users to get paid by the second. It is a highly undervalued gem according to me with the current market price being $0.016. The all-time high of $ZBC is $0.05. $ZBC is certainly a long-term hold for me.
In conclusion, while there are thousands of cryptocurrencies in circulation, it’s important to have a clear investment strategy and to understand the industry well before investing in any tokens.
One strategy that can be effective is buying low and selling high, and having a portion of your portfolio in low-cap gems. $XRP, $MATIC, and $ZBC are three altcoins under $1 that have the potential to generate steady gains in 2023 and beyond and are worth considering for investment. However, as with any investment, it’s important to do your own research and make your own decisions.
About the author
Murtuza Merchant is a senior journalist and an avid follower of blockchain and cryptocurrencies.