2022 turned out to be a challenging year for the crypto and altcoin market. The collapse of the Terra ecosystem and Sam Bankman-Fried’s FTX exchange shook the industry. Since then, most digital assets lost significant value and are trading at a discount.
The BeInCrypto editorial team has selected 5 altcoins currently trading for less than $1, which could perform well in the next bull market.
1. Cardano (ADA)
The native token of the decentralized blockchain platform Cardano became one of the leaders of the 2021 bull market. Many investors made huge profits on ADA. Currently, the price of the asset is 88% lower than its all-time high of $3.09. The historical maximum was reached on September 2, 2021.
However, despite the price decrease, ADA still runs on the same reliable network. It offers cheap and fast transactions and also continues attracting the development of more applications.
Historical…
