With the value of Bitcoin rising meteorically in August, cryptocurrencies are the hottest investment option.
If you want to invest in altcoins but are not sure about investing a lot of money in them, here is a list of top 10 altcoins under $1 to invest in September 2017:
IOTA is the altcoin used by Internet-of-Things industry. It uses a technology called Tangle which is an advancement over the blockchain technology used by Bitcoin.
It is currently valued at $0.843572 with a market cap of $2,344,728,361.
Siacoin is the altcoin of the company Sia which offers decentralised cloud storage solutions. You can rent your extra resources like storage space, bandwidth etc to the network in return for Siacoins. The data is encrypted and stored at multiple locations ensuring that the data is secure.
Best cryptocurrency under $1
It is currently valued at $0.007061 with a market cap of $203,637,305.
MaidSafeCoin is the altcoin of the company MaidSafe. This is similar to Sia. They offer cloud storage solutions and are more established than Siacoin. It is currently valued at $0.483836 with a market cap of $218,961,149.
Ripple is the currency of the RTGS network called Ripple.
It can also be used for currency exchange and remittance. Ripple's advantage is that it is accepted by banks. It is currently valued at $0.263371 with a market cap of $10,098,655,981.
Golem is a supercomputer network that allows users to rent their excess computing power to those in need. The reward for renting is Golems.
The problems that are run on computers are becoming more and more complex and it is not possible for everyone to buy more computing power as per their needs. And not everyone uses their full computing power.
Golem is similar to MaidSafe in that sense. It rents out computing power where Sia and MaidSafe rent out storage space.
It is currently valued at $0.282790 with a market cap of $235,573,119.
VertCoin is also a decentralized currency and uses blockchain technology like Bitcoin, but unlike Bitcoin, it has decentralized mining also. It aims to ensure that mining pools don't dominate the network like it has for Bitcoin. It is currently valued at $0.735621 with a market cap of $28,566,848.
Bitshares is a platform where you can trade other cryptocurrencies.
Bitshares is a more stable currency compared to others. It also offers many unique and interesting features like scheduled and recurring payments, rewards for referrals etc.
It is currently valued at $0.138538 with a market cap of $359,961,900.
PotCoin is the altcoin aimed at the legal cannabis or marijuana industry. It is very similar to Bitcoin in terms of the technology it uses.
Cryptocurrency investing fundamentals - Top 5 Altcoins to buy under $1
With the legalized marijuana industry growing day by day, PotCoin has real potential for growth and will be a good investment. It is currently valued at $0.125931 with a market cap of $27,418,242.
Even though it was introduced as a fun currency, DofeCoin has quickly gained market value.
The initial production schedule of DogeCoin is higher than most of the others and this makes it interesting altcoin to invest in early on. It has become popular as a tipping currency on the internet.
It is currently valued at $0.001765 with a market cap of $195,566,923.
With the increasing interest in owning cryptocurrencies, more and more people want to own crypto assets. But the trading in altcoins is not easy and that is what CoinDash aims to eliminate. It aims to make trading in crypto assets easier more accessible.
It is an operating system for crptocurrencies. It is currently valued at $0.129975 and its market cap hasn't been set yet.
If you just want to test the waters by investing a small amount in altcoins, then the above 10 are perfect for you.