The cryptocurrency industry experienced a tumultuous period in 2022, with several ecosystems collapsing and some shutting down completely, resulting in significant losses for many altcoins. The unexpected closure of Bankman-Frieds FTX and Terra was a major concern for crypto investors. However, there are five altcoins trading below $1 that are worth keeping an eye on, including DigiToads (TOADS), which has raised over $4.2 million in presale funding due to its utility-centered approach in web-3, NFT staking features, and P2E. Other promising altcoins include Cardano (ADA), Audius (AUDIO), Ripple (XRP), and Polygon (MATIC), each with unique features and potential for growth in the future.