In the vast sea of cryptocurrency opportunities, it’s easy to get caught up in the big names like Bitcoin and Ethereum. But beneath the surface, there are some hidden treasures waiting to be discovered, especially those trading for less than $1 each. These lesser-known altcoins may have small values now, but they hold tremendous promise for future growth. So, let’s take a closer look at the top 3 coins under $1 and see what potential they hold.
1. Cardano (ADA)
Cardano’s own digital token, ADA, is currently sitting at around $0.756 on the charts. There’s a lot of excitement surrounding this cryptocurrency, with bullish sentiments driving it up by more than 34% over the past month. The bulls seem determined to push ADA towards the $0.83 mark, which might entice a fresh wave of investors to jump onboard. With this new influx of investors, ADA’s journey from $0.83 to $1 could potentially become smoother.
2. The Graph (GRT)
Save the blobs!
The Graph is providing a long-term storage & retrieval solution for blobs following EIP-4844.
Learn more about how The Graph is storing blobs beyond 18 days here ⬇️https://t.co/dQwGA0qlN3
The Graph Protocol, powered by GraphQL, is a major player when it comes to indexing data. Think of it as the “Google of blockchains,” making data access faster and more efficient. It’s renowned for its ability to seamlessly connect data sets across different domains, spanning areas like DeFi, governance, and social media.
Ethereum is gearing up for a significant boost in efficiency with the introduction of EIP-4844, a proposal that introduces a new transaction type known as blobs. These blobs, or large data packets, will be included in Ethereum transactions to reduce costs and enhance network scalability.
However, there’s a catch: blobs are temporary and typically only stored for 18 days before being removed. To address this, The Graph has developed a solution for long-term storage and retrieval of blobs. Once EIP-4844 is implemented, The Graph’s solution will ensure that Ethereum’s scalability improvements are fully utilized, providing smoother operations for users and developers alike. This improvement could trigger the GRT price.
3. IOTA (IOTA)
The IOTA Foundation is at the forefront of efforts to enhance traffic management and create smarter city solutions. Their newest project involves collaborating with ETO GRUPPE to incorporate intelligent traffic sensors into their initiatives.
1/10 Sure, we started end of 2020 and decided to build @alfried_fn. It is a huge project with a smart traffic sensor and a gateway box, communicating with DSRC, V2X, LoRa and a @iota trust layer. We just finished the project and now industrialize it until 2026. https://t.co/EQkufxB6rY
These devices utilize different communication protocols such as DSRC, V2X, LoRa, and integrate an IOTA trust layer. The project, initiated in late 2020, has now reached completion and is slated for industrialization by 2026.
Alongside Alfried, ETO GRUPPE has partnered with Farmunited GmbH to create Farmsense. This venture includes sensors, irrigation valves, and a LoRa Gateway, supporting connectivity protocols like NB-IoT, LoRa, BLE, all powered by the IOTA platform. This new development could trigger the IOTA price further.
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