4 No-Brainer Cryptocurrencies To Invest $100 Right Now

You don’t need a lot of money to generate a healthy return from these four high growth cryptocurrencies

Last Updated September 17th 2021
7 Min Read
  • It’s easy to make money in crypto long-term when one invests in high-quality projects.

In crypto, like other markets, it takes patience to make money. While this market can fluctuate pretty hard short term, its overall trajectory over the last decade has been up.

This is advantageous to big investors looking to turn millions into billions and small ones who want to grow their little assets. Since most crypto exchanges do not have a minimum on how much one can deposit, it is quite easy to put pretty much any amount above $1 into crypto.

For investors who want to start with $100, the following are no-brainer cryptocurrencies to buy now:

  • Cardano (ADA)
  • Dogecoin (DOGE)
  • Shiba Inu (SHIB)
  • Chainlink (LINK)

 

Cardano

$100 is not a lot of money, but it can get about 40 Cardano (ADA). That’s a sizeable number considering that the same amount is not even investable in Bitcoin or Ethereum when you factor in network fees.

Besides, since one can stake as low as one ADA, it is possible to grow the 40 ADA over time while also benefiting from its price appreciation. At the moment, Cardano has one of the highest APYs of all staking cryptocurrencies.

If one were to stake 40 ADA for a sufficient period, say 2 to 5 years, they could have a portfolio of over 200 ADA within that period. Since Cardano’s price trajectory is likely to be up long-term due to its fundamentals, this can turn into a sizeable investment.

In terms of fundamentals, Cardano is among the few platform blockchains that claim to have solved the blockchain trilemma of decentralization, security, and scalability. It also recently introduced smart contracts.

The combination of smart contracts and a secure, decentralized blockchain, and can actually scale is huge. It means Cardano is now in a position to attract projects, especially DeFi ones.

Once Cardano starts attracting such projects en masse, its value could shoot up significantly going into the future.

To understand the potential that this gives Cardano, one needs to look at Ethereum. Since the explosion of the ICO bubble in 2017, Ethereum has grown from about $8 to over $4000 per token.

If Cardano, driven by an upsurge in demand from DeFi and NFTs, can test $20 or more per token, then the investment of $100 today can easily turn into upwards of $800+ in the near future.

By holding it long-term, that same investment can turn into thousands of dollars as Cardano adoption grows and the broader market expands as well.  It’s a brainer crypto to buy now for someone with only $100 to invest.

Check Out: Investing In Cardano Right Now Could Make You A Millionaire Retiree

Dogecoin

Dogecoin (DOGE) is currently trading at $0.23, which means with $100, one can get about 418 Dogecoins.

This is quite a sizeable amount considering that this is one of the highest potential cryptocurrencies in the market today.

One factor that makes Dogecoin high-potential crypto is the big event coming up in 2022.

In Q1 of 2022, SpaceX will be launching a rocket to the moon. The mission is funded in Dogecoin, and its implications are huge for several reasons.

First is the media hype that this event will generate for Dogecoin. Space is a big deal, and all space-related events tend to draw in the international media.  This mission is no different and will see Dogecoin get featured in all the major news networks.

The publicity it will create could easily see Dogecoin rocket to prices it has never tested before. Conservative estimates put Dogecoin at $1 if this event turns into a success.  

Secondly, Dogecoin will likely experience a huge increase in adoption levels after this event. That’s because during such a highly hyped event, associating with Dogecoin would be a way of creating brand visibility. Many companies would not want to miss such an opportunity, as was evident the last time it rallied.

If Dogecoin manages to test $1 after this event, then $100 invested today would easily translate to $418. While it’s not a lot of money, it’s quite a high ROI, when considering that not many markets outside of crypto can deliver such returns.

On top of that, if one decides to hold on to their Dogecoin long term, the returns on that $100 could even be $1000 or more.

That’s because aside from the Doge-1 event, many good things are going on for Dogecoin. For instance, the Dogecoin developer team is working on upgrades that will enable it to scale better and at lower costs.

Since Dogecoin already has some of the lowest fees in the market, an upgrade could see its adoption grow exponentially long term.

If adoption grows fast enough and demand outpaces the annual inflation of 5 billion Doge, then even prices of $2 or more per Dogecoin are attainable.          

It has so much going for it that it’s a no-brainer cryptocurrency to buy for someone with only $100 to invest in crypto.

Read Also: 3 Reasons To Buy Dogecoin, And 1 Reason To Sell

buy dogecoin

Shiba Inu

Shiba Inu (SHIB) is one of the lowest-cost cryptocurrencies in the market today. It is currently trading at $0.00000082 per token. This means with $100, one can accumulate around 13.7 million Shiba Inu.

That’s quite a huge amount, and if Shiba Inu were to rally by thousands of percentages like it did in the last bull run, then a $100 investment can easily turn into $1000 or more.

There is every reason for Shiba Inu rally in the next hype cycle. This is hype crypto and has a large enough community to drive the hype.

The best part is that there is every indication that the next Bull Run is not far off. While a couple of cryptos are already made new all-time highs, the entire market Bull Run will possibly start once Bitcoin pushes through $64k.

Some analysts project that Bitcoin could trade anywhere between $100k and $170k by the end of 2021. If this happens, then hype coins like Shiba Inu could easily do 500-1000%.

If one chooses to hold on to Shiba Inu long-term, the returns could be even higher. That’s because there are many developments going on in this project that add to its intrinsic value.

For instance, the project now has a DEX that allows investors to both trade, and stake Shiba Inu. This is a big deal, especially the staking aspect of it. Since staking takes off a huge portion of SHIB out of circulation for months at a time, it will have a huge impact on the demand and supply dynamics of SHIB going into the future.

Shiba Inu’s adoption is also on a growth trajectory. It was recently adopted by Shopping.io and is now amongst the basket of cryptocurrencies that can make payments on Amazon and e-Bay.

As its adoption grows, so will its value going into the future. At its current low prices, investing $100 in Shiba Inu would easily be considered common sense investing.

Don't Miss: When Is The Right Time To Invest And Sell Shiba Inu?

Chainlink

Chainlink (LINK) is currently trading at $30, which means $100 can get 3.33 LINK. This is a good deal because Chainlink is one of the most fundamentally strong cryptocurrencies in the market.

Expert predictions put LINK at $1000 within the next 5 to years. While this may seem high at the moment, it is attainable when one factors in Chainlink’s fundamentals.

Chainlink is the dominant cryptocurrency in the decentralized oracles space. It holds over 60% of this market, and is larger than the next 10 players combined.

This dominance plays into Chainlink’s favor in terms of adoption. Due to its dominance, any new projects that need real world data for them for them to execute smart contracts choose Chainlink. A while back, it was integrated into Solana, one of the fastest growing platform blockchains in the market today.

Chainlink’s dominance is not a fluke either, and it’s driven by real innovation within the project. For instance, it recently announced a partnership with Provide to make it easy for enterprises to use smart contract oracles.

Chainlink data is also the most reliable in the decentralized oracles market. There has been instances where projects have used Chainlink’s competitors, got compromised, and have had to move to Link.

One such is project is BZX. The project was compromised back in February, and shortly after, announced that it would start using Chainlink. This is an indicator of how big of a big deal Chainlink is.

As its adoption grows, the value of LINK will grow, and even $1000 could be possible in the future. If this happens, an investment of $100 could easily translate to $300 or more.

Check Out: Will Chainlink Make Me Rich in 10 Years?

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Read More:

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