Cryptocurrencies under 1 GBP: Cryptocurrencies have become increasingly popular in recent years as more people look for alternative investment opportunities. However, not everyone has a lot of money to invest in expensive cryptocurrencies like Bitcoin or Ethereum. If you’re looking for affordable cryptocurrencies, there are several options available that are priced under 1 GBP. In this article, we will be looking at the top cryptocurrencies in the UK under 1 GBP.
Top Cryptocurrencies under 1 GBP
Dogecoin (DOGE)
Dogecoin is a cryptocurrency that was created as a joke in 2013, but has since become a popular digital asset. It is currently priced at around 0.21 GBP and has a market cap of over 27 billion GBP. It has gained a lot of attention recently due to endorsements from high-profile individuals such as Elon Musk.
SafeMoon (SAFEMOON)
SafeMoon is a relatively new cryptocurrency that was launched in March 2021. It is currently priced at around 0.000001 GBP and has a market cap of over 2 billion GBP. SafeMoon is unique in that it has a 10% transaction fee, with 5% redistributed to existing holders and 5% added to the liquidity pool.
Shiba Inu (SHIB)
Shiba Inu is a cryptocurrency that was created as a joke based on the Dogecoin meme. It is currently priced at around 0.000006 GBP and has a market cap of over 3 billion GBP. Despite its origins as a joke, Shiba Inu has gained a large following and has seen significant price increases in recent months.
Hoge Finance (HOGE)
Hoge Finance is a decentralized finance (DeFi) cryptocurrency that was launched in March 2021. It is currently priced at around 0.0003 GBP and has a market cap of over 200 million GBP. Hoge Finance has gained a lot of attention due to its community-driven development approach.
BitTorrent (BTT)
BitTorrent is a cryptocurrency that was created to be used with the BitTorrent file-sharing protocol. It is currently priced at around 0.003 GBP and has a market cap of over 2 billion GBP. BitTorrent has gained a lot of attention recently due to its integration with popular cryptocurrency exchange, Binance.
Chiliz (CHZ)
Chiliz is a cryptocurrency that was created to be used with the Chiliz blockchain platform, which aims to create a bridge between sports and entertainment industries. It is currently priced at around 0.26 GBP and has a market cap of over 1 billion GBP. Chiliz has gained a lot of attention recently due to partnerships with major sports organizations such as AC Milan and UFC.
Polygon (MATIC)
Polygon is a cryptocurrency that was created to provide faster and cheaper transactions on the Ethereum blockchain. It is currently priced at around 0.85 GBP and has a market cap of over 4 billion GBP. Polygon has gained a lot of attention recently due to its ability to provide scalable solutions to the issues faced by the Ethereum network.
Cardano (ADA)
Cardano is a cryptocurrency that was created to provide a more secure and scalable blockchain platform. It is currently priced at around 1.20 GBP and has a market cap of over 38 billion GBP. Cardano has gained a lot of attention recently due to its strong development team and the potential for the platform to provide solutions to real-world problems.
Stellar (XLM)
Stellar is a cryptocurrency that was created to provide a low-cost, cross-border payment system. It is currently priced at around 0.23
Ravencoin (RVN)
Ravencoin is an open-source cryptocurrency launched in 2018. Its purpose is to facilitate peer-to-peer transfer of assets including tokens, securities, and other digital assets. The project is supported by a community of developers and enthusiasts who are constantly improving its features and capabilities. The current price of RVN is around £0.0757.
Zilliqa (ZIL)
Zilliqa is a high-performance blockchain platform that allows developers to build decentralized applications (dApps) using smart contracts. Its unique feature is its sharding technology which enables the platform to scale efficiently and handle a high volume of transactions. The current price of ZIL is around £0.0524.
Dent (DENT)
Dent is a blockchain-based platform that aims to disrupt the global telecommunications industry by enabling users to buy, sell, and trade mobile data using its native cryptocurrency (DENT). The platform currently has partnerships with over 200 mobile operators across 85 countries. The current price of DENT is around £0.0014.
BitTorrent (BTT)
BitTorrent is a peer-to-peer file sharing protocol that enables users to share large files such as videos and music with others. The protocol has been integrated with a cryptocurrency (BTT) to incentivize users to share their files and create a more efficient and decentralized network. The current price of BTT is around £0.0023.
SafeMoon (SAFEMOON)
SafeMoon is a relatively new cryptocurrency that has gained popularity in the UK market. It is a community-driven project that aims to create a decentralized finance (DeFi) ecosystem. The unique feature of SafeMoon is its automatic liquidity pool that rewards holders with a portion of the transaction fees. The current price of SAFEMOON is around £0.00000428.
Electroneum (ETN)
Electroneum is a mobile-first cryptocurrency that aims to make it easy for anyone to enter the world of cryptocurrencies. Its mobile app allows users to mine ETN using their smartphone and make transactions using its instant payment system. The current price of ETN is around £0.0066.
PAC Protocol (PAC)
PAC Protocol is a decentralized platform that enables users to create and deploy their own digital assets and tokens. It is designed to provide a secure and transparent platform for peer-to-peer transactions. The current price of PAC is around £0.0004.
How to Invest in Cryptocurrencies
Investing in cryptocurrencies can be done through cryptocurrency exchanges, which allow you to buy and sell cryptocurrencies. Some popular cryptocurrency exchanges in the UK include Binance, Coinbase, and Kraken. It is important to do your research and choose a reputable exchange before investing.
In conclusion,
there are several cryptocurrencies in the UK market that are trading under 1 GBP. However, it’s important to note that investing in cryptocurrencies is a high-risk, high-reward venture and should be done with caution. It’s always advisable to do your own research, understand the market trends, and consult with a financial advisor before making any investment decisions.
Read More: Top 10 Cryptocurrencies in UK for May 2023
Disclaimer: The information provided in this blog post is for educational and informational purposes only. It is not intended to be investment advice, nor does it take into account your specific financial situation or goals. Additionally, the content of this post may not be up-to-date as cryptocurrency markets are constantly changing. It is important to conduct your own research and consult with a professional financial advisor before making any investment decisions.
Frequently asked questions about crypto in uk
Is it safe to invest in cryptocurrencies?
Investing in cryptocurrencies comes with risks, as the market is highly volatile. However, with careful research and investment strategy, it is possible to minimize the risks and potentially earn high returns.
Can I buy these cryptocurrencies on any exchange?
Most of the cryptocurrencies listed can be purchased on major exchanges such as Binance, Kraken, and Coinbase. However, it’s always important to check the availability and regulations of each exchange.
How do I store my cryptocurrencies?
Cryptocurrencies can be stored in digital wallets, which can be hardware or software-based. It’s important to choose a reputable wallet provider and follow best security practices to ensure the safety of your investment.
How can I sell my cryptocurrencies?
Cryptocurrencies can be sold on exchanges.