If you’re looking to buy a cryptocurrency but don’t want to spend big, here are 5 inexpensive coins that may interest you. Small business owners look for cheap cryptos to get the experience of the market at a low cost. You can check an interesting article on Bitcoin in next 50 years .
Bitcoin is not the only cryptocurrency on the market, and some of them may even be cheaper than Bitcoin. Here are 5 cryptocurrencies to buy for crypto novices who want to invest in something different:
XRP (XRP)
When looking for an affordable cryptocurrency to invest in, look no further than XRP. To put things into perspective, it’s currently the third most valuable cryptocurrency by market cap. Just recently, the value of XRP surged by more than 40% in a single day, causing its market cap to soar past Litecoin to take over the number two spot.XRP is one of the most popular cryptocurrencies on the market.
Its price is $0.26 per token, and it’s also one of the cheapest.XRP is a cryptocurrency with the third-highest market cap behind Bitcoin and Ethereum. Its consensus method called “Ripple Protocol Consensus Algorithm” allows for fast transactions, doesn’t use mining, and is scalable.
Chainlink (LINK)
Chain Link is a cheap cryptocurrency, with its price hovering around USD 0.25. Chainlink is maintained as an open-source project by the Tier One company, SmartContract. The project was originally designed to connect Ethereum contracts with data sources outside the blockchain.
Chainlink is a low-cost cryptocurrency that has been at the top of the market for about two months. It has seen an increase in value of over 2,000% in just two months. The coin is used to connect blockchains to create decentralized applications.
It has a market cap of $131 million. The Chainlink team has diligently worked to create an ecosystem where users can easily connect smart contracts on different blockchains. Chain Link is relatively new, released in September 2017; however, it is currently ranked 57th in the top 100 cryptocurrencies.
USD Coin (USDC)
USDC is a cryptocurrency with a fixed exchange rate of 1 US Dollar. USD Coin is the first cryptocurrency with a fixed exchange rate backed by US Dollars. They created the US dollar backing to offer financial stability, which every coin needs to be successful. The initial goal for USD Coin was to create a stable account for storing and transferring value that the price fluctuations of other cryptocurrencies couldn’t manipulate.
The USD Coin (USDC) is a cryptocurrency that aims to bridge fiat and digital currencies. It’s backed 1-to-1 by US dollars, which makes this coin a haven for those who wish to protect their assets from volatile fluctuations in the market. The USDC is also a borderless solution for cross-border transactions because it doesn’t need any banks or clearinghouses to work.
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Cardano (ADA)
Cardano (ADA) is a cryptocurrency currently priced at $0.095. The cryptocurrency was designed to solve the problems of scalability, interoperability, and sustainability in the cryptocurrency industry. Cardano provides their users with a secure and transparent method of transacting while also ensuring that they are surrounded by an incentive-compatible protocol that relies on game theory for future changes in consensus.
Dogecoin (DOGE)
The cryptocurrency market is a lucrative and volatile one. You should look for cheap and low-cost crypto, and Dogecoin is one of them. When you take the time to consider the best coins to invest in, it can be difficult to find a solid option. Fortunately, some coins have been around for a while and have proven to be safe investments for this type of undertaking.
Final words
Everyone looks for cheap cryptocurrency to invest in for the first time. Some traders also have a low budget, searching for low-cost cryptocurrencies. We have guided you about the top five cheap cryptocurrencies. You just need to choose one according to your needs.
