Best 10 Cheap Crypto to Invest in
1. XRP (XRP)
2. Dogecoin (DOGE)
3. Chainlink (LINK)
4. Curve DAO (CRV)
5. Cardano (ADA)
6. Polygon (MATIC)
7. Stellar (XLM)
8. Tether (USDT)
9. Decentraland (MANA)
10. Shiba Inu (SHIB)
People say, 'Don't judge a book by its cover.' This saying can apply to cryptocurrency as well. Just because you can't see the value in a cheap cryptocurrency doesn't mean it has no worth.
Additionally, there might be a chance for less-than-$1 coins to grow into more valuable ones. For example, say you buy $0.10 worth today and tomorrow morning they're valued at 0.25 cents each – So what does tonight's profit depend on? Was it your luck or smartness from buying cheap stocks with good fundamentals? Definitely the latter.
Cheap coins are a great way to get started with cryptocurrency. They can be an excellent investment for beginners who don't have much money but want the chance at big returns.
Here is a list of the current ten cheapest cryptocurrencies that are worth looking into.
Price - $0.4263 Market Cap - $20,606,520,821 (as of May 23, 2022)
XRP is one of the most promising cryptocurrencies in today's market. It was released by Ripple Labs, a US-based company that developed its products for payment settlement systems. It acts like SWIFT - the popular money transfer service used by banks across countries to transfer funds securely. Though it has been around since 2012 (co-founded), many people are just starting to realize how powerful this currency really is!
Ripple is cheaper than other coins. So, given its low price and increasingly mainstream appeal, snapping up some Ripple is a relatively low-risk option. It has the potential for a big return on investment. Ripple has perhaps the best backing by financial institutions out of the entire cryptocurrency market. In some circles, it's more liked than Bitcoin.
Some say XRP is not a true cryptocurrency. This is so because it doesn't follow the principles of decentralization and economic autonomy. Ripple's biggest rival might be SWIFT. SWIFT currently has more than 11,000 financial institutions on its network to rely upon. Compared to Ripple, which only counts a few banks as members right now.
Price - $0.08803 Market Cap - $11,678,710,987 (as of May 23, 2022)
Dogecoin is a cryptocurrency created by software engineers Billy Markus and Jackson Palmer and released in 2013. They decided to create an Ethereum-like system for a joke called "Doge." It was created to poke fun at the wild speculation in cryptocurrencies when it was released. Now people are profiting from its low price!
Dogecoin is perfect for investors who lack the capital to invest in more expensive cryptocurrencies. It allows newcomers to get acquainted with the cryptocurrency market and develop experience. While also allowing them access quickly through cheap transactions that are fast when done on this type of network. The coin was originally conceptualized as a joke. Still, it's slowly gaining popularity due to its stability, even if progress isn't always visible. Especially considering how few coins there were initially! Elon Musk has been vocal about the coin, too, so that's a plus.
Unlike other more established cryptocurrencies, Dogecoin has poor technical support and constantly changes. This can make it difficult to know what the future holds for this currency in its ever-changing market landscape.
Price - $7.58 Market Cap - $3,537,920,337 (as of May 23, 2022)
Chainlink is a blockchain technology startup called SmartContract, founded in 2014. Their vision for the future of decentralized oracles has been outlined in a white paper published last September 2017. Steve Ellis Ari Juels and Sergey Nazarov coauthored the paper. The team behind this project designed it to solve one core challenge with smart contracts running on blockchains. The challenge of getting reliable real-world data from anywhere there's internet access. Usually, one has to rely solely upon internal systems.
The Chainlink project is a first mover in the decentralized oracle network space. It has established partnerships with many organizations such as SWIFT. As smart contracting technology penetrates legacy systems, they may enjoy increased platform adoption. This could lead to growth for all involved parties, including larger corporations like Oracle!
Chainlink's oracle network is still quite limited. It could be further decentralized with the help of Ethereum's smart contracts. Issues related to stability are noted due to its reliance upon Ethereum blockchain technology.
Ethereum provides security but also comes at some cost depending. How much power do you give up in exchange for that protection - LINK might suffer too if something happens to Ethereum.
Price - $1.40 Market Cap - $641,474,284 (as of May 23, 2022)
Curve DAO Token is an Ethereum-based token that powers the Curve.fi protocol. It provides easy access to swap similar ERC20 tokens like USDC and DAI. Also, for other Bitcoin or stable coin options on their decentralized exchange platform. It also has automated market makers built into its design! This means you can vote about important decisions affecting this project if it interests you.
Curve's currency exchange mechanism is simple, and its smart contract isn't complex. This allows it to maintain high levels of security. Additionally, the company offers trades at much lower commissions than other platforms do
One of the cons about Curve is integrating with other platforms to maximize your profits. However, this high dependence on highly dynamic and explosive markets makes for a lot of fluctuation in returns. This can be good or bad, depending on how you look at them.
Price - $0.5538 Market Cap - $18,692,341,155 (as of May 23, 2022)
Cardano network is a decentralized public blockchain-based platform. It is the first open-source and peer-reviewed network. The Cardano blockchain was created by Input Output Hong Kong. Led by founder Charles Hoskinson, who also co-founded Ethereum. It aims to deliver advanced features based on rigorous scientific research. Including robust safety standards for all users' transactions at every level.
When it comes to credibility, Cardano is one of the few coins that has been reviewed by academics who largely praise its use. This gives Cardano a lot more credibility than most other cryptocurrencies have. No way anyone can ignore such reviews when looking into new projects to invest in or learn more about this technology.
Cardano is the 'academic blockchain' that has undergone essential review and testing. It is still developing. The truth of how much progress they've made can be debated among those who follow this industry closely. Some say there are advancements, while others question what seems like stagnation for such an innovative team.
Price - $0.6968 Market Cap - $5,540,053,991 (as of May 23, 2022)
Polygon is a blockchain-based technology design. It helps Ethereum meet the demands of today's ever-growing needs. The solution was founded in 2017 by Matic Network, inspired to solve problems with scalability and infrastructure that some current blockchains have. The coin's name is derived from its network.
Polygons tech stack provides users with a similar experience to Ethereum, making it more secure. Its ability to act like Ethereum is also where its success lies, and fans expect more from the coin in the future.
With developments in Ethereum 2.0, it's possible that Polygon will no longer be required as the second layer of our blockchain system. That, unfortunately, means the project might not be needed altogether. Too soon to tell, though.
Price - $0.1377 Market Cap - $3,420,275,315 (as of May 23, 2022)
With the potential to improve traditional banking, Stellar is one of this year's best cryptocurrencies. The network was created in 2014 and operated through Lumens (XLM). Payments can be sent anywhere globally with low fees- regardless of whether you're using USD or any other currency! These improvements will lead to an easier way for people worldwide to do business together.
With the ability to process thousands of transactions per second, stellar is a fast and efficient network. It has many advantages, including scalability. It makes this platform an ideal choice for many businesses looking into launching their own ICO or smart contracts with ease!
Lumens are released slowly on the Stellar platform with a small circulation supply. This leads to volatility regarding other cryptocurrencies with similar goals. However, more competitors are vying for space within their respective industries. Ethereum or Ripple are two examples.
Price - $0.9992 Market Cap - $73,213,157,226 (as of May 23, 2022)
Tether is a stable coin, aiming to keep cryptocurrency valuations stable. Liked by investors who want the safety and security for their investments that won't undergo extreme volatility. It is a great option if you don't want any major losses. Due mostly to unpredictable increases in price points seen daily on many coins around nowadays!
The USDT is a stable coin that guarantees the value of one US dollar, which means you can send it to someone, and they'll know what 1$ worth of your token looks like. It is opposed to other cryptocurrencies, which may be more volatile or simply don't have fiat currencies attached yet. This is great for traders who want to trade instantly and not wait for days before making their next move in the market.
The power of cryptocurrencies lies in their anonymity. On the other hand, this also makes them risky. If you want to buy USDT (a cryptocurrency backed by real-world dollars), we'll need proof that our identity is legit before they allow us an account.
Price - $1.12 Market Cap - $2,071,575,033 (as of May 23, 2022)
With the unique premise of offering users an entirely virtual world, Decentraland was launched in 2017. Decentraland is an innovative blockchain that uses virtual reality and open source technologies. It allows people to create a world where users can own their characters and trade land plots. All items within this game are structured as NFTs, which means you can make money through its marketplace.
Decentraland's community governance is backed by the Security Advisory Board (SAB). There is an option for auctioning NFTs and selling LAND to MANA. Another plus is constant upgrades that ensure new features are introduced into a protocol.
The Decentraland project is high risk because it's vulnerable to cyberattacks, resulting in a loss of funds for developers who have invested their time and money into this venture. By large, people will lose out on potential opportunities if investment decisions are made based on these fears.
Price - $0.00001253 Market Cap -$6,867,746,430 (as of May 23, 2022)
Shiba Inu is an Ethereum-based altcoin or meme coin that features the Japanese dog breed Shiba Inu as its mascot. It became famous in 2021 when its price skyrocketed more than tenfold. Meme coins are hot right now, and this 'meme coin' has a similar appeal to Dogecoin because of its hype. However, with tangible use cases like ShibaSwap launching, there's scope for the SHIB price to keep going up through 2022!
It is quite cheap, which means reaching 100% profit will be easier than Bitcoin or Ethereum. It also has super impressive trading volume and seems to be quite a hit among its fans. With Bitcoin or Ethereum, it may take a while before you can reach 100% profit. With this coin and its great trading volume, I'm sure that your journey will be much easier!
Unlike Bitcoin and Ether, SHIB has virtually no use for investors outside of a cryptocurrency market. According to surveys, crypto is accepted as payment by approximately only 100 global vendors. There's nothing distinct about SHIB like transaction fees or speed either. So it doesn't stand out among other cryptocurrencies. Lastly, extreme volatility creates both opportunities and risks in investing your funds, specifically if you're looking at using this token solely based on its rise over recent weeks/months.
If you are new to the cryptocurrency world and still deciding which crypto to buy, you should never be too quick to write off a coin just because of how expensive or cheap something seems at first glance. They might have a lot of potentials to be something huge down the road.
When it comes to evaluating cryptocurrencies, there's no shortage of factors. The prime one is figuring out what problem the project aims and hopes their crypto will solve - this can be hard without knowing more about them!
Excited about getting your hands on a few or all of these coins? We have some great news for you! You can find many of these cheap cryptocurrencies right at ATAIX, such as Tether, XRP, Cardano, Shiba Inu, and more. Register for an account and start trading today!