Promising Cryptocurrencies Trading Under $1 – Cardano (ADA), Algorand (ALGO), Quitriam Finance (QTM)

Today, 1 Bitcoin costs $40,081. 1 Ether is $3,078. That seems expensive doesn’t it? Indeed, not many people have an extra $40k on hand and ready to spare.

With the advent of fractionalised assets, investors can now buy tiny fractions of certain assets that they might not be able to afford if they had to buy it whole.

However, there’s nothing like the feeling of being able to afford a full cryptocurrency, which is why some love cryptos trading at a low relative price.

This short article will present three cryptocurrencies currently trading under $1 and that could have a spot in your portfolio!

Cardano (ADA)

Bitcoin (BTC) was the first-generation blockchain. Ethereum (ETH) was the second. Cardano (ADA) is part of the third generation of blockchains that aim at dramatically improving scalability within the crypto landscape. This leading project was first thought up in 2015 but only launched in 2017

Cardano’s currency, ADA, is a blue-chip cryptocurrency with a $32-billion-plus market cap. ADA is therefore part of the coveted top 10 largest cryptocurrencies club. ADA’s total supply is limited to 45 billion tokens, which makes it a good investment for people seeking protection against the current roaring inflation.

ADA’s name draws its inspiration from 19th-century mathematician Ada Lovelace, who is thought of as the first computer programmer in history.

Cardano uses the Proof-of-Stake (PoS) consensus mechanism, which is much less energy-intensive than the traditional Proof-of-Work (PoW) used by the Bitcoin and Ethereum networks. Indeed, PoW has been heavily criticised for its high energy consumption.

Resorting to PoS therefore makes the Cardano network more energy-efficient and significantly faster. Indeed, the Cardano network is capable of processing about 250 transactions per second (TPS), compared to Ethereum’s 15 TPS.

Besides, Cardano is working on a new Layer 2 (L2) solution called Hydra that should be able to handle up to 2,000,000 TPS! If that solution were actually developed, Cardano would redefine the entire crypto ecosystem and be an incontestable leader in that space.

Over the last seven days, ADA’s price dropped over 20%, now trading at around $0.95. Given its last all-time high of $3.10 reached in September 2021, ADA’s current price presents a fantastic investment opportunity.

Algorand (ALGO)

Algorand (ALGO) is an Ethereum-compatible Layer 1 (L1) blockchain founded in 2019 by Silvio Micali, an MIT professor and expert in cryptography.

Algorand’s main goal is to improve blockchain scalability by developing an ultrarapid network that allows users to execute transactions instantly and for minimal costs.

While this project certainly did not receive as much spotlight as other superstars like Solana (SOL) or Terra (LUNA), it remains that low-profile Algorand is a highly promising project that has been steadily garnering more and more attention in the space.

Just like Cardano, Algorand uses the Proof-of-Stake consensus mechanism, increasing its scalability compared to traditional networks like Bitcoin or Ethereum, whilst also remaining more sustainable and cost-effective, two important criteria in the eyes of the crypto community.

Solana (SOL), Terra (LUNA), Avalanche (AVAX), Fantom (FTM), and other so-called “Ethereum killers” are all competing with Algorand. The Algorand ecosystem therefore has a capacity of around 1,300 TPS, making it a serious contender in the “Ethereum killers” club that includes the likes of Cardano, Solana, Terra, Avalanche (AVAX), Fantom (FTM) and others.

Last February, the Algorand team announced the development of a so-called “London Bridge”, which would connect the Algorand and Ethereum networks, allowing them to communicate and interact with one another.

This news is a major advancement for Algorand as it will create a strong influx of new investors, developers, and capital within the Algorand ecosystem. Currently trading at $0.72, Algorand’s native currency, ALGO, is therefore bound to experience strong tailwinds in the months to come.

Quitriam Finance (QTM)

Quitriam Finance (QTM) is a new project currently in its presale stage and that will be offered on the secondary market in the following weeks.

Quitriam Finance aims at developing a cryptocurrency aggregator centralising various crypto-related services, such as staking, swapping, and lending into a dynamic and participatory environment.

Quitriam Finance aims at becoming a multichain initiative in order to offer fast and cheap transactions throughout its ecosystem, far more than other unichain solutions.

Multichain projects that promise to provide ultra-fast transactions are now thriving. Other projects, like Explora Chain (EXPL), aim at leveraging the latest and most cutting-edge networks in order to provide users with the best transaction experience possible. Explora Chain precisely leverages the Avalanche and Binance Smart Chain (BSC) networks in order to do so.

The Quitriam Finance team claims in its whitepaper that its network can handle 50,000 transactions per second (TPS). If true, Quitriam Finance could become another strong player in the crypto space.

Quitriam Finance’s native token, QTM, is presently priced at $0.000014, up almost 27% from its initial price of $0.000011. You can therefore buy over 70,000 QTM tokens with only $1, why not?

Learn more about Quitriam Finance

Presale:https://presale.quitriam.io/register

Website:https://quitriam.io/

Learn more about Explora Chain

Presale:https://presale.explorachain.io/register

Website:https://explorachain.io/