Cryptocurrency coins with the highest market cap, but prices under $1

Current value for 1 unit: $0.986614 (via CoinGecko) Tether is connected to the US dollar. Hence, the name Tether since its value is tethered to the dollar. Tether converts cash into digital currency, to anchor or tether the value to the price of national currencies like the US dollar, the Euro, and the offshore Chinese yuan. Tether creators claim that a Tether token is always 100% backed by their reserves, which include traditional currency and cash equivalents and, from time to time, may include other assets and receivables from loans made by Tether to third parties. Every Tether token is also 1-to-1 pegged to the dollar, so 1 USD Token is always valued by Tether at 1 USD. Note: This is not investment advice. Readers should do their due diligence before investing in any cryptocurrency.

USD Coin

Current value for 1 unit: $0.993159 (via CoinGecko) Similar to Tether, USD Coin also mirrors the value of a dollar. It is an open-source, smart contract-based stablecoin. A Stablecoin is a cryptocurrency that is pegged to a real-world currency, also known as fiat currency (e.g. the US dollar, Euro, etc.). Stablecoins are issued by centralized companies that maintain the peg. The main aim of a stable coin like USD Coin is to become a replaceable currency.

XRP

Current value for 1 unit: $0.724951 (via CoinGecko) XRP is a digital asset built for payments. It is the native digital asset on the XRP Ledger — an open-source, permissionless and decentralized blockchain technology that can settle transactions in 3–5 seconds. Just like all cryptocurrencies, XRP can be sent directly without needing a central intermediary. XRP is developed by Ripple and it aims to be used as a medium to make global payments.

Dogecoin

Current value for 1 unit: $0.142359 (via CoinGecko) This cryptocurrency started as joke and now it sits among the coins with highest market cap. Dogecoin tries to differentiate itself from other digital currencies with the help of a like-minded community. “Doge” is the currency’s mascot which is a Shiba Inu dog. Shiba Inu is a Japanese breed of dog that was popularized as an online meme.

Shiba Inu

Current value for 1 unit: $0.00002670 (via CoinGecko) Shiba Inu sprouted after Dogecoin grew in popularity. Shiba Inu is launched as a ‘Dogecoin-killer’. The coin was first formed in the year 2020 in August. Popular personalities such as Elon Musk helped the coin gain popularity across the globe.