Cryptocurrencies are the up-and-coming innovation in digital finance that is expected to revolutionize the field in the near future. They operate through a decentralized system and are independent of government control and fiat. Along with NFTs, they represent a postmodern era of finance and economics, where the gap between the real and virtual is increasingly blurring.
When cryptocurrency was first introduced towards the end of the 20th century, economists and critics were highly skeptical and sure that it would not gain any popular support. But today, it is a trillion-dollar industry with the vocal backing of business stalwarts like Paul Graham and Elon Musk and even national governments.
Naturally, this surge in its popularity has led to the prices of top cryptocurrencies increasing rapidly. Even though some application-based initiatives like that have made bitcoin trading easier, a newcomer might feel confused and cynical while flushing out this amount of cash for an investment that is still finding its feet. To help you, we have compiled a list of 7 relatively cheap cryptocurrencies that have enormous potential to yield immense profits for their investors in the coming future. To find out read on https://bitcoinsevolution.app/.
Table of Contents
1. Tether USD
Source: bnbsmartchain.com
It is currently the third-largest cryptocurrency in the market after Bitcoin and Ethereum, with a market valuation of about $83 billion. 1 Tether equals 1.000176 USD, which is almost a direct conversion. What we find the best about Tether is that it is one of the most stable cryptocurrencies in the market currently, so you can assure yourself that your investment is relatively safe.
2. XRP USD
Source: cryptonomist.ch
XRP USD is the cryptocurrency token hosted by Ripple, which is a real-time gross settlement system created by Ripple Labs Inc in 2012. It has one of the fastest transaction speeds in the market, which is a significant factor determining the potency of a blockchain network. Currently valued at $37.13 billion, with one XRP close to $0.771, it is a tough competitor to the top cryptocurrencies today technologically. Like Tether, it is relatively more stable and will rise at a uniform rate in the next financial year, according to experts.
3. Binance Coin USD
Source: coinspeaker.com
Experts are eyeing this cryptocurrency with great interest because of its steadfastness and the rapidity with which it has gained popularity since its launch in 2017. It first found its feet in the Casino and gambling industry and is now a significant market player with an approximate valuation of $68.78 billion. You can buy 1 Binance Coin for $416.44 and sell it a year later for an expected $564 (estimates made according to previous performance and current market trends). Because it is gaining popularity very fast, experts expect Binance Coin to remain unstable compared to the other entries on this list, but that shouldn’t faze you if you play your cards right and choose your investment amount wisely.
4. DOGECoin USD
Source: investorplace.com
Dogecoin started as what is called a ‘meme coin’ in popular parlance, which is, literally, a ‘joke’ on the Internet. It manifests the essentially post-modern nature of cryptocurrencies as financial instruments. The creators Billy Markus and Jackson Palmer wanted to satirize the cryptocurrency hysteria back in 2013. Today, the ‘joke’ is valued at $19.37 billion and steadily increases almost every day. It is incredibly cheap at $0.14 for 1 DogeCoin, which makes it an excellent option for those looking to start investing in cryptocurrency personally, maybe as a ‘joke’ where they want to just ‘try’ what the fuss is about.
5. SHIBA INU USD
Source: fxleaders.com
Shiba Inu is perhaps the newest currency on our list, created by an anonymous person or group named ‘Ryoshi’ in August 2020. It has risen rapidly, with many cryptocurrency experts recognizing and recommending it. Its market valuation is $14.29 billion and is currently very cheap – 1 Shib is for $0.000026.
Many consider it to be a meme coin, like Doge. Still, dedicated Internet research indicates a conscious entrepreneurial attempt to spend a lot of social and financial capital on its marketing. Whatever be its economics and politics, the currency is here to stay and rise significantly in the next 2 to 3 years, so go ahead and feel free to get your hands dirty for a bit.
6. MANA Decentraland
Source: coingape.com
MANA from Decentraland is one of the more adventurous recommendations on our list. Decentraland is a virtual space in the Metaverse whose native currency is MANA, where it is used to buy and sell land, equipment and other merchandise. The argument for seriously investing in Metaverse currencies is still shaky.
Still, we are willing to put our money on the minds behind the virtuality and the fact that top entrepreneurs like Mark Zuckerberg are eager to invest in the Metaverse. It suggests that the virtual world will only get more real as time goes by, and so will the returns for your investments in it. You can get 1 Mana for around $2.37 and trade it on various exchange platforms hosted by crypto-oriented companies like Binance and 1Broker.
7. SAND (Sandbox)
Source: coindesk.com
The Sandbox is a virtual world where users create and share their games, worlds and experiences. It started as a $3.5 mn dollar project in 2005 but has grown significantly since, with the current market valuation of its currency standing at around $3 billion with a daily trade volume of $304 mn. You can get one SAND for around $3 and watch your money grow as more and more people begin to use virtual worlds like Sandbox to escape the complexities of real-world problems 🙂
These are our top 7 picks for people looking to enter crypto trading with cheap options with immense potential. In this list, you find opportunities with a range of risk levels, popularity and potential for growth and stability. Look no further; choose one from this well-researched list and start trading. Just remember to keep a tab on the most recent exchange rates, and you’re good to go!
