With the rise of crypto and many companies accepting cryptocurrencies as a means of payment, there is no better time than now to invest in cryptocurrencies. There are many altcoins in the market with each of them having a reason for you to invest in them. Altcoin means any kind of crypto other than Bitcoin. While bitcoin being the first to come to mind when wanting to invest in crypto, there are also other cheaper / affordable cryptocurrencies with growing potentials that any investor should keep an eye on.
Here are some of the cheap cryptocurrencies investors should consider. (All prices are as of June 25, 2021)
Cardano (ADA) $1.38
Cardano is one of the best performing popular cryptocurrencies in the crypto world. Due to its flexibility, low transaction fees, and some features which include enabling users to build custom smart contracts, its price has been increasing as of late. With countries like Ethiopia signing deals for adopting the technology for recording information of 5 million students for educational systems, its sure it has undeniable growing potential.
DogeCoin (DOGE) $0.22
This coin was created back in 2013 and started as a meme coin. It was unexpected seeing this coin grow extremely fast since the start of the year and being among the top cryptocurrencies. You can now buy any goods or services using Dogecoin. And it’s one of the cheapest coins to buy in 2021.
Binance Coin (BNB) $303.40
Binance coin (BNB) is a coin that users pay for exchange fees on the Binance exchange platform and also used to trade for other cryptocurrencies. Binance was launched in 2017 and its one of the world’s largest cryptocurrency exchanges by volume. With promises that it will enable users to sell, buy even create NFTS (non-fungible tokens) on its platform, it sure will invite many income streams for the company that predicts it to grow further.
Monero (XMR) $212.36
Monero focuses on the privacy and intractability of its users by hiding transactions, wallets, and fund sources from the public blockchain. Due to this privacy feature, many users used it in dark web markets to perform illegal purchases and transactions which harmed its reputation but aside from this these security features make for a good kind of investment to keep your eyes on.
Chainlink (LINK) $17.95
Founded by Sergey Nazarov in 2017, it’s One of the most valuable altcoins on the coinbase list. Its decentralized oracle network helps Ethereum smart contracts to interact with third-party data. In other words, it helps the ETH smart contracts communicate with external parties or data in a secure way since blockchains by themselves cannot connect with external data without some sort of data compromise.
This extension of the BitTorrent protocol is one of the most popular and oldest cryptocurrencies. Its feature allows content creators to directly interact with their customers or audience and earn or spend it without the involvement of any third party.
Ethereum (ETH) $1,864.55
Last on our list is the second-largest cryptocurrency next to Bitcoin with a market cap of $316 billion.
Recent and upcoming upgrades which include NFT and the growing use of De-Fi (decentralized finance) applications, were behind the fluctuations in the price of this cryptocurrency. Even though it’s relatively expensive than the other currencies, the upgrades mentioned above, and future applications, it will most likely be an ideal investment to keep in mind.