If you are looking for potential bargains in the crypto market, the good news is that a surprising number of the most popular cryptocurrencies are trading for less than $1. In fact, some of them are trading at discounts of up to 80% from their all-time highs. On the surface, that would appear to make them screaming buys, right?

The answer is not as obvious as you might think. Let's take a closer look to see if any of these cryptocurrencies trading for less than $1 are worth buying right now.

XRP (CRYPTO: XRP) ranks as the seventh-largest cryptocurrency, with a massive $27 billion market cap. However, XRP is down 21% for the year and trades for just $0.48 right now. At one time, XRP traded as high as $3.84, but that was all the way back in January 2018. During the previous crypto bull market rally, XRP didn't come anywhere close to regaining its all-time high.

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Source Fool.com