3 Cheap Cryptos To Buy Now For Big Gains - Our Picks
DOT - Cheap crypto to purchase in December 2022
ADA - Cheap altcoin with high potential
MATIC - Must-have affordable crypto for massive gains
A Closer Look At The 3 Cheap Cryptos To Buy Now For Big Gains
The process of buying cryptocurrencies is pretty simple. However, purchasing the right cryptocurrency without a time-tested strategy can pose a fair challenge.
Presently, there are over 20,000 cryptocurrencies in existence, and the field is ever-expanding. With all the benefits that cryptocurrencies provide, people have become more enthusiastic about investing in this emerging asset class. However, picking the most profitable among the crowd can become a mighty task. To simplify the investment process, here are 3 cheap cryptos you can buy now for big gains in the future.
Polkadot (DOT)
Polkadot is somewhat of a new player among the vast population of digital assets. But that has not stopped the platform from gaining tons of traction, especially in recent months. Intending to integrate various blockchains, it has continuously benefited from any boom due to its interconnectivity.
It is a blockchain-based open-source technology developed by the Web3 Foundation. The foundation is committed to creating an open-source, decentralized web that is user-friendly and fully functional.
In recent years, the platform has acquired massive growth, becoming a top high-performing crypto asset in the past year. This is accredited to Polkadot’s delivery of several trading tools and advanced tech to the crypto space. The native token DOT has already witnessed impressive growth in the past year, and crypto experts are anticipating another great run.
Another contributing factor to DOT’s value spike is its blockchain development. To be more precise, the expansion of their DeFi sector is considered a massive milestone for the team. Furthermore, many tech-savvy people continue to migrate to this blockchain as they launch their own crypto projects via the platform. Therefore, the project has successfully captured investors, traders, and developers alike.
While the platform is not as well-known or popular as Bitcoin, there is much anticipation for the success of Polkadot from investors and experts alike. Given its current value of $5.69 (down from its all-time high of $55), experts believe DOT is one of the 3 cheap cryptos you can buy now for big gains.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Cardano (ADA)
Cardano (ADA) is known to be a third-gen blockchain that is available to the overall population alongside being a dApp advancement platform. Third-gen cryptocurrencies take examples from first and second-gen digital assets and enhance upon their constraints.
Consider Bitcoin to be Crypto 1.0. It is effectively digital gold; however scaling concerns plague the system. Ethereum is often referred to as Crypto 2.0. Cardano, introduced in 2017, is Crypto 3.0, adding capabilities that Ethereum originally lacked.
Charles Hoskinson is a co-founder of both Cardano and Ethereum. In 2014, he parted ways with the Ethereum team and launched Cardano, a more scalable, interoperable, and sustainable blockchain, intending to improve upon Bitcoin and Ethereum.
One of the most prominent complaints of Bitcoin and other cryptocurrencies is that their blockchain networks, built on proof-of-work consensus processes, waste tremendous energy. Cardano has a consensus process based on proof-of-stake, making it a more durable and scalable blockchain. It is one of the most eco-friendly blockchain technologies. Hoskinson said in a 2021 interview with Forbes that Cardano is 1.6 million times more energy-efficient than Bitcoin.
In addition, the network can perform more than 250 transactions per second (TPS), compared to around 4.6 TPS for bitcoin and 15 to 45 TPS for Ethereum. Consequently, this decline might be a good opportunity to lock in your Cardano (ADA) investments.
Cardano (ADA) printed an all-time high of more than $3, and the project has the potential to reach or surpass this price point. At the time of writing, ADA is trading at a very affordable price of $0.32, making it one of the 3 cheap cryptos you can buy now for big gains.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Polygon (MATIC)
Next up on our list is Polygon (MATIC). It helps scale Ethereum by providing a side chain that connects to the Ethereum network. As a Layer 2 scaling solution, the network connects various blockchain projects that are not necessarily interoperable on Ethereum. It also allows for faster and cheaper transactions.
Polygon uses its own Proof-of-Stake (PoS) blockchain and Commit Chain connectivity to help scale the Ethereum network. The aim is to resolve inefficiencies that may hinder the widespread adoption of blockchain technology.
Popular decentralized finance (DeFi) projects like SushiSwap, Curve, and Aave utilize Polygon. In addition, the network recently added a Polygon Zero feature. It uses zero-knowledge roll-up technology to port data across networks. Many also hail its low energy usage.
According to an official blog post, the network currently hosts 19,000 decentralized applications, including some from companies like Meta and Stripe — about a 600% increase since last October. In addition, Polygon fully supports the Tether stablecoin, which could contribute to the network’s future growth. Another plus is its investment in carbon neutrality, which recently has prompted price rallies.
We expect the number of apps relying on the Polygon network to increase exponentially as well, making MATIC one of the top cryptos to buy for big gains.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
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