Top Cheap And Potential Cryptocurrencies In 2022
The major cryptocurrencies attract investors looking to diversify their portfolios. Now that many growing companies are accepting cryptocurrencies as a legitimate means of payment, now is a good time to invest in cryptocurrencies on your budget. Here’s a guide to help you figure out which currencies are the best to trade right now.
Here are some inexpensive coins that appear to be decent investments in 2022, as there are plenty of options for the cheapest Altcoins with potential. Although Bitcoin is still the most popular cryptocurrency, there are many others on the rise that smaller investors should consider. Here are ten Bitcoin alternatives to consider.
The 10 Best Popular Cheap And Potential Cryptocurrencies To Invest In 2022
Basic Attention Token (BAT)
If you are really looking for a cheap cryptocurrency, VeChain might tickle your imagination. VeChain is trading at just $ 0.20 per coin, even after an incredible 4,500% one-year gain. VeChain, which is the currency of the impressive VeChain Thor blockchain, is used to transfer value across the network. VeChain Thor Blockchain was specifically designed for supply chain and business process management using distributed ledger technology.
- Current Price: US$0.1003
- Market Cap: US$6,472,719,997
Cardano is a type of cryptocurrency network and open source platform with the intention of making a public blockchain platform for smart contracts. The reason it is the most invested cryptocoins is that it takes less energy and power to complete a transaction with Cardano than with a larger network like Bitcoin. This ensures faster and cheaper transactions.
- Current Price: US$1.49
- Market Cap: US$47,277,746,955
Dogecoin is a cryptocurrency that was established as a joke by software programmers Billy Markus and Jackson Palmer, who wanted to joke about the widespread growth of cryptocurrencies. In May 2021, SpaceX declared a Dogecoin-backed Moon ride, making it the first cryptocurrency-funded space trip. This has made Dogecoin very popular and it is also one of the cheapest cryptocoins to invest in.
- Current Price: US$0.3043
- Market Cap: US$39,421,862,831
Uniswap is a popular decentralized trading protocol, known for its role in facilitating automated trading of decentralized finance tokens (DeFi).
Uniswap, an example of an automated market maker (AMM), was launched in November 2018, but has gained considerable popularity this year thanks to the DeFi phenomenon and the associated surge in token trading.
Uniswap aims to keep token trading automated and fully open to anyone holding tokens, while improving the efficiency of trading compared to traditional exchanges.
Uniswap creates more efficiency by solving liquidity problems with automated solutions, avoiding the problems that plagued early decentralized exchanges.
In September 2020, Uniswap went a step further by creating and granting its own governance token, UNI, to previous users of the protocol. This added both the potential for profitability and the ability for users to shape their future, an attractive aspect of decentralized entities.
- Current Price: US$20.71
- Market Cap: US$11,914,022,010
IOTA is a distributed ledger with one big difference – it’s not actually a blockchain. Instead, its proprietary technology is known as Tangle, a system of nodes that confirm transactions. The foundation behind this platform says it offers much higher speeds than conventional blockchains, and an ideal footprint for the ever-expanding Internet of Things ecosystem.
Because there is no blockchain, there are no miners, and since there are no miners, there are no fees. Many established networks see costs skyrocket when congestion intensifies, but IOTA aims to provide unlimited performance at minimal cost.
Over time, IOTA’s goal is to become the de facto platform for executing transactions between IoT devices. Given that estimates suggest there could be 20.4 billion such devices by 2024, this could end up being big business.
The team behind IOTA believes that the potential use cases don’t end here. They believe their distributed ledger could offer digital identities for everyone, result in car insurance policies that are based on actual usage, pave the way for cutting-edge smart cities, offer seamless global commerce, and demonstrate the authenticity of the products.
Originally known as Jinn, a crowd sale was held for the project in September 2014 and the network officially launched in 2016.
- Current Price: US$1.03
- Market Cap: US$2,859,896,390.23
Founded in 2017, Chainlink is a blockchain abstraction layer that enables universally connected smart contracts. Through a decentralized Oracle network, Chainlink enables blockchains to securely interact with external data sources, events, and payment methods, providing the critical off-chain information that complex smart contracts need to become the form dominant digital agreement.
Chainlink Network is powered by a large community of open source data providers, node operators, smart contract developers, researchers, security auditors, and more. The company focuses on ensuring that decentralized participation is guaranteed for all node operators and users looking to contribute to the network.
- Current Price: US$$21.71
- Market Cap: US$9,438,303,846.11
Simply put, Stellar is an open network that allows you to move and store money. When it launched in July 2014, one of its goals was to drive financial inclusion by reaching the world’s unbanked, but soon after, its priorities shifted to help financial companies connect with each other through blockchain technology.
The network’s native token, Lumens, serves as a bridge that makes it less expensive to exchange assets across borders. All of this is aimed at challenging existing payment providers, who often charge hefty fees for a similar service.
If all of this sounds familiar, it’s worth noting that Stellar was originally based on the Ripple Labs protocol. The blockchain was created as a result of a hard fork, and the code was subsequently rewritten.
- Current Price: US$0.2971
- Market Cap: US$6,902,856,046.40
Polygon is an Ethereum-compliant blockchain scaling and interoperability platform. The MATIC token, which is used for government, participation and gas costs, remains critical. Polygon is a framework for creating blockchain networks that are interconnected. It uses a revolutionary sidechain solution to overcome some of Ethereum’s main shortcomings, such as performance, poor user experience (high speed and delayed transactions), and lack of community control.
The Ethereum layer, the security layer, the Polygon networking layer, and the execution layer are the four layers that make up the Polygon architecture. The Polygon project is one of the most recent attempts at blockchain scaling and interoperability, and aims to alleviate some of the apparent limitations of projects like Polkadot and Cosmos.
- Current Price: US$1.35
- Market Cap: US$8,631,308,713.14
Basic Attention Token (BAT)
The Basic Attention Token addresses the endemic inefficiencies and privacy abuses of the digital advertising industry. In such a tumultuous market, BAT has been fairly stable. The price of a MTD remained constant in 2018 and 2019, indicating its future potential. Most of the time. The basic attention token is a utility token that is used in the Brave browser, which has seen an increase in its use since 2019. As a result of all this, BAT is one of the most popular cryptocurrencies.
- Current Price: US$0.6146
- Market Cap: US$921,552,493.32
BitTorrent is a popular peer-to-peer (P2P) file sharing and torrenting platform that has become increasingly decentralized in recent years.
Originally launched in July 2001, BitTorrent was bought by the TRON blockchain platform in July 2018.
Since its acquisition, BitTorrent has added several new tools, with a dedicated native cryptocurrency token, BTT, launched in February 2019. BTT was launched on TRON’s own blockchain, using its TRC-10 standard.
According to its official literature, BitTorrent is currently the “largest decentralized P2P communications protocol” in the world.
- Current Price: US$0.003096
- Market Cap: US$2,043,718,199.82
Note: This Top 10 List Was Last Updated — Using the Coinmarketcap.com — on June 18, 2021.
We hope you have some ideas on which cryptocurrency to invest in 2022. There are various cryptocoins available on the cryptocurrency market. But we just mentioned the 10 best cryptocurrencies to invest your valuable money in 2022. Before investing in any cryptocurrency, kindly check the volume, price and liquidity of the particular crypto in the market.
Disclaimer: The information provided in this article is solely the opinion of the author and not investment advice; It is provided for educational purposes only. By using this, you agree that the information does not constitute any investment or financial instruction. Please do your own research and contact financial advisors before making any investment decisions.