10 Cheap Cryptocurrencies To Buy

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Cryptocurrencies are all the rage these days, especially among speculative investors. What used to be an ‘edge investment’ is now at the center of the financial press. Even financial networks like CNBC talk about bitcoin on a daily basis and keep a ticker on the screen with the current price.

Put all this together and now even the average investor is well aware of bitcoin and the cryptocurrency movement. However, Bitcoin is not the only cryptocurrency out there. There are plenty of other options if you want your crypto fix away from the big names. Keep in mind that every cryptocurrency is unique and you should consult your financial advisor before investing in any of these speculative products.

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What are the best cheap cryptos to buy?

If you’re ready to invest in some crypto, check out the following 10 low-cost options, which can deliver great returns in 2022.

1. XRP (XRP)

Coin price as of April 10: $0.7602

XRP is an open-source cryptocurrency that uses an open-source distributed ledger called XRP Ledger. It was developed by Ripple, an enterprise blockchain company that enables global transactions. Ripple says XRP is built for payments and can handle transactions faster, more reliably and at a lower cost than is possible through a standard global payment infrastructure.

Ripple is currently embroiled in a lawsuit filed by the U.S. Securities and Exchange Commission, which alleges it engages in unregistered securities trading. In addition, a new lawsuit by a government watchdog group alleging SEC officials are biased against Ripple and XRP could help resolve the Ripple lawsuit in favor of investors. Empower Oversight, the organization that filed the suit, released emails last week indicating that the SEC was aware of the conflict. Some experts believe this development could hurt the SEC’s case against Ripple.

Ripple bought back $200 million worth of Series C stock from one of its investors in what analysts say is a move to bolster its balance sheet before going public, FXStreet reported. Ripple is expected to announce its IPO after the SEC lawsuit is resolved.

Although the price of XRP is well above its last year low, you can still buy it for less than $1.

2. Dogecoin (DOGE)

Coin price as of April 10: $0.1531

Dogecoin originated as a kind of joke, but it has become very real for those who have taken advantage of it. The coin is certainly “cheap” at around $0.15 per coin as of April 10, especially compared to the 52-week high of $0.7376. The current price is a slight increase from last month when DOGE was at its lowest price in over 11 months.

Unlike many other cryptocurrencies that perform actual functions, dogecoin was created as a satirical take on bitcoin. Last year, the cryptocurrency soared based on hype on message boards and tweets from Elon Musk. This is the same kind of speculation that pushed GameStop up more than 400% in one week in 2021. Of course, that probably doesn’t matter to those who make real profits and who are still looking for “cheap” cryptocurrencies. And this one could pay off in the coming year. In December 2021, Musk announced in a tweet that “Tesla will make some merch buyable with Doge and see how it goes.”

That said, dogecoin has been hit hard by the cryptocurrency sell-off in recent months. Whether it can continue to pull itself out of the slump remains to be seen, but many investors see the dip as a buying opportunity rather than a sign of doom.

3. Chain link (LINK)

Coin price as of April 10: $15.49

According to Coinbase, Chainlink is another Ethereum token that powers Chainlink’s decentralized Oracle network. This network is used to securely connect to external data sources, APIs and payment systems.

Chainlink describes itself as enabling real-world data and off-chain computation to expand the capabilities of smart contracts while retaining the benefits of blockchain technology, namely the security and reliability guarantees. The chainlink price is moving in fits and starts and currently stands at $15.49, down 57% year over year, giving investors an opportunity to buy cheap.

4. Uni-swap (UNI)

Coin price as of April 10: $10.15

As a major player among decentralized exchanges, Uniswap automates the trading of decentralized financial tokens between coin holders, allowing anyone holding coins to create a liquidity pool for any token pair they choose.

While highly volatile, Uniswap has the advantage of having been an early player in the decentralized exchange space, US News reported.

5. Cardano (ADA)

Coin price as of April 10: $1.06

At just over $1.00, Cardano remains a very cheap cryptocurrency – even more so now, amid the cryptocurrency slump that pushed Cardano back from a record high of $3.10 in September 2021 to its current price – which has even increased in the past month. something has risen.

According to Coinbase, Cardano is a blockchain platform built on a proof-of-stake consensus protocol called Ouroboros, which can validate transactions without high energy costs. Development on Cardano uses the Haskell programming language. The symbol for the Cardano token, ADA, comes from the 19th century mathematician Ada Lovelace. According to the developers, Ouroboros will enable the decentralization of the Cardano network and the ability to sustainably scale to global requirements without compromising security.

So far Cardano has an impressive record. It has processed more than 20 million transactions with no downtime, according to InvestorPlace, and it recently launched ADACash, a rewards token that gained 10,000 users in less than a month. Upcoming projects include a non-fungible token marketplace and an exchange for DeFi transactions. As of April 9, nearly 1,000 projects are now building on the Cardano blockchain, according to ZyCrypto.

An upcoming upgrade called Hydra should dramatically increase processing feeds, InvestorPlace reported, which could cause higher prices.

6. Polygon (MATIC)

Coin price as of April 10: $1.45

Polygon is a decentralized application built on the Ethereum network as a way to extend Ethereum into a multi-chain system. Backed by Coinbase and Binance cryptocurrency exchanges, Polygon could be the solution developers need to deploy decentralized applications faster, more efficiently and more cheaply, Benzinga noted, calling MATIC the most promising “layer two” token — that is, one built on an existing blockchain. All crypto investments are highly speculative, but it could be a good sign that MATIC showed resilience during a sell-off in early December 2021, rising 21% as other cryptos plunged, US News reported. It has since corrected amid increasing competition, but analysts say Polygon is backed by a strong team and sound technology, making MATIC a good bet in the longer run.

7. Stellar (XLM)

Coin price as of April 10: $0.2055

Stellar is its own payment network and uses stellar lumens as its currency on that network. While the network can be used by anyone, it was intended to connect financial institutions conducting large transactions. On the Stellar network, these types of transactions can be performed almost instantly and at little to no cost, unlike traditional or even competing blockchain networks.

The price of stellar lumens has been highly volatile over the past year, but industry analysts expect XLM prices to rise significantly in 2022. After a dip that hit most currencies in late December 2021 and early 2022, XLM is back in business, growing more than 14% in the past month. You can get an idea of ​​where XLM is headed by looking at bitcoin – according to InvestorPlace, the prices of the two cryptocurrencies often move in the same direction.

8. The sandbox (SAND)

Coin price as of April 10: $2.89

The Sandbox is a blockchain-based metaverse – a virtual game that uses a “play-to-earn” model that allows users to create, buy, sell and collect digital assets. Pixowl created the game in 2011 to introduce blockchain to mainstream gaming, according to CoinMarketCap. Investors include Atari, Helix, and CryptoKitties.

With the current hype surrounding metaverses — Facebook has even changed its name to Meta — blockchain games like The Sandbox may be just getting started.

9. Decentralized Country (MANA)

Coin price as of April 10: $2.27

Decentraland is the token behind an Ethereum blockchain based virtual reality game of the same name. Securities.io described Decentraland as a 3D virtual world where users buy land to develop and monetize content, purchase goods and services, and visit other properties. With a market cap of $3.96 billion, this cryptocurrency project is not exactly child’s play. While MANA was below its November 2021 high of $5.48, it is still selling well above the price of $0.8155 prior to that peak.

10. NEAR protocol (NEAR)

Coin price as of April 10: $15.78

NEAR Protocol is a layer-one blockchain designed as a community-run cloud computing platform with faster transaction speeds, better output and increased interoperability compared to competing blockchains, according to CoinMarketCap. While it lacks the maturity of some of the other blockchains on this list, the collective tasked with updating the original code and releasing the updates aims to create a highly secure platform that can store high-value assets such as money and identity. manage while providing functionality for “everyday people”. † NEAR will roll out its own stablecoin, $USN, later this month.

A proof-of-stake mechanism called Doomslug secures the platform without incurring costs, and Nightshade technology splits the blockchain’s transaction history to speed up processing, Benzinga reported. The project has the potential to reduce barriers to Web3 adoption – Web3 is the tagline for a blockchain-based internet.

Daria Uhlig contributed to the reporting for this article.

Data is correct as of April 10, 2022, unless otherwise noted, and is subject to change.

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About the author

After earning a BA in English with a specialization in Business Administration from UCLA, John Csiszar spent 18 years in the financial services industry as a Registered Sales Representative. Meanwhile, Csiszar earned both Certified Financial Planner and Registered Investment Adviser titles, in addition to a life agent license, while working for both a major Wall Street wirehouse and his own investment advisory firm. During his time as a consultant, Csiszar managed more than $100 million in client assets and provided individualized investment plans for hundreds of clients.

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