Three cryptocurrency projects, all priced below $1, that demonstrate considerable potential for the future. Between 2020 and 2021, there were several cryptocurrencies that achieved this feat. Some of them: Dogecoin, Shiba Inu, Cardano, VeChain, Decentraland and Chiliz.
Cardano (ADA)
The Ethereum competitor had a good year. This year it registered no increases and remained practically flat, while Bitcoin rose 60% this year.
However, the use of the Cardano network grew. The number of new unique ADA wallet addresses exceeded 4.2 million at the end of August.
Since the FTX collapse, whale and shark addresses holding between 10,000 and 10 million ADA have accumulated 659.53 million tokens, worth $235.5 million.
Ripple (XRP)
Judge Analisa Torres of the Southern District of New York ruled that Ripple’s scheduled sales and other distributions of the XRP token do not qualify as investment contracts.
Following Ripple’s legal victory against the SEC, the token’s value more than doubled in the cryptocurrency market. However, for more than a month, it has stalled.
Compared to its January 7, 2018 all-time high of $3.40, the token presents growth potential that could reach 6x.
Decentraland (MANA)
Decentraland is one of the projects in the cryptocurrency world that saw tremendous growth when Facebook changed its name to Meta, and announced its metaverse.
MANA price increased from $0.65 to $5.85 in just one month. However, MANA suffered a severe correction in the markets, after the bear market and little interest in the metaverse.
At the time of writing, the current price of MANA is $0.2967, 94.84% less than its historical maximum.
However, Experts continue to believe in the potential of this cryptocurrency, because it is one of the leaders of the decentralized metaverse, along with The Sandbox.
In a recent development, Decentraland has partnered with Inworld, an artificial intelligence startup, to integrate AI-powered non-player characters (NPCs) into its virtual world.
Source: Ambito
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