These Cryptos Under $1 Could Make You a Millionaire

Cryptocurrency has given rise to countless stories of people becoming millionaires overnight. What began as a niche, somewhat obscure form of digital asset has

Cryptocurrency has offered countless stories of people becoming millionaires overnight. Commencing as a niche form of digital asset, cryptocurrency has now become mainstream, with currencies like Bitcoin (BTC) and Ethereum (ETH) leading the charge. However, for those looking to join the crypto millionaire club today, these top-tier tokens are often seen as too expensive to yield significant returns for those who aren’t already heavily invested.

This leads many users to look at cryptos that are still priced under $1, but that doesn’t necessarily mean they are undervalued. Three contenders with substantial growth potential include EarthMeta Token (EMT), XRP, and Solana (SOL).

The history and future of XRP: A rollercoaster of gains and legal woes

Launched by Ripple Labs in 2012, XRP is one of the more established players in the world of cryptocurrency. Unlike Bitcoin or Ethereum, which prioritize decentralization, Ripple was built to work with the financial system. The aim? To provide a bridge currency for fast and cheap cross-border payments between banks and financial institutions. XRP offers a solution to what is often described as the outdated and cumbersome SWIFT banking system, making transactions quicker, cheaper, and more efficient.

From the start, Ripple Labs positioned XRP as a tool for financial institutions. Major banks, such as Santander and Standard Chartered, began exploring XRP’s potential for streamlining their operations, and by 2018, Ripple’s technology had established partnerships with over 100 financial institutions worldwide.

XRP’s price surged to an all-time high of $3.84 during the crypto bull run of 2017–2018, making early investors huge profits. However, its value has since faced severe fluctuations. The biggest blow came in December 2020, when the Securities and Exchange Commission (SEC) filed a lawsuit against Ripple Labs, alleging that XRP was an unregistered security. The price of XRP tanked, dropping below $0.20 as major exchanges like Coinbase halted trading.

XRP today: A potential millionaire maker once again?

Despite the legal woes, XRP has remained resilient. While many crypto projects would have fizzled out under such regulatory pressure, Ripple has fought back. As of late 2023, XRP has rebounded, partly due to optimism that Ripple may prevail in its case with the SEC or negotiate a favorable settlement. A partial victory in July 2023, where a judge ruled that XRP sales on secondary markets do not constitute securities offerings, buoyed investor confidence. XRP currently hovers around $0.50 to $0.60 per token, a far cry from its all-time high but still a steal for long-term investors.

So, what does the future hold for XRP? If Ripple Labs can fully resolve its legal issues, the door could open for even more partnerships with financial institutions globally, which could skyrocket demand for XRP. Some analysts even predict that XRP could surpass its previous high of $3.84 within the next few years, especially if crypto regulation becomes clearer and less punitive.

Could XRP make you a millionaire? Potentially, yes—especially if you buy in while it’s still relatively low and if Ripple’s ongoing legal battles end favorably. However, the regulatory uncertainty remains a risk. It’s a classic high-risk, high-reward situation.

The rise of Solana: High-speed blockchain with massive potential

While XRP was focused on working with banks, Solana (SOL) took a different approach, aiming to solve the scalability issues that have plagued Ethereum. Launched in 2020, Solana became one of the fastest-growing cryptocurrencies, offering lightning-fast transaction speeds (up to 65,000 transactions per second) with minimal fees. Unlike Ethereum, which has faced bottlenecks and high gas fees due to network congestion, Solana aimed to create an infrastructure that could handle massive scaling without sacrificing decentralization or security.

Solana’s unique Proof of History (PoH) consensus mechanism differentiates it from the Proof of Work and Proof of Stake mechanisms used by Bitcoin and Ethereum, respectively. PoH allows Solana to process transactions at unprecedented speeds, attracting developers and users alike to build decentralized applications (dApps) on its platform.

Between 2020 and 2021, SOL experienced explosive growth. The token skyrocketed from pennies to an all-time high of nearly $260 in November 2021. Early investors who bought in when Solana was under $1 became overnight millionaires. The ecosystem exploded, with NFT platforms, DeFi applications, and even traditional financial institutions adopting Solana for various use cases.

As of late 2023, Solana was trading below $1, largely due to the broader crypto bear market that hit the sector in 2022, combined with network outages that have plagued Solana’s blockchain. While the network’s technical glitches and downtime issues have raised concerns about its

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