3 Cryptos That Are Too Cheap To Ignore - Our Picks
Looking for the cheapest cryptos to invest in? These are our top picks of cryptos that are too cheap to ignore. Find the detailed review of each coin and its utilities in the coming section.
Ripple - One of the best penny crypto with a relatively high market cap.
Cardano - The cheapest green crypto to buy now for future returns.
Decentraland - A must-buy Web 3.0 crypto with massive rise potential.
A Closer Look At The 3 Cryptos That Are Too Cheap To Ignore
In a market where Bitcoin can cost thousands of dollars, investors are now turning to cryptocurrencies that are relatively low in price but are on the higher end of the quality spectrum. Numerous digital assets cost less than $1 and fall under the category of penny cryptocurrencies. However, several investors question whether these cheap cryptos are worth buying for good returns. The answer is yes because, despite their low price, these coins have proven to be good additions to investors’ portfolios and turned many into crypto millionaires.
Therefore, investors on the hunt for good opportunities are always looking for cheap cryptocurrencies with huge potential for a tremendous rise in value, in the future. Let’s take a deep dive into these 3 cryptos that are too cheap to ignore in 2022.
Ripple (XRP)
Despite being one of the top cryptocurrencies with a high market cap of over $24 billion, XRP is still fairly cheap and trades at just around $0.49. But investors never allowed the price to deter them from investing in Ripple as it is incredibly promising and has proven to be a profitable investment.
XRP was developed by Ripple, the enterprise blockchain company that facilitates global transactions. The crypto was specifically created for payments and facilitates transactions faster and reliably at a lower cost than any standard global payment infrastructure. XRP is known as the utility for the new global economy and the most practical crypto token for applications across the financial services arena.
The major headwind for XRP now is the ongoing legal battle between Ripple and SEC, the U.S. Securities and Exchange Commission. But despite these uncertainties hovering over the crypto, Ripple’s On-Demand Liquidity payment product reported growth of ninefold between the second quarter of 2021 and the same quarter in 2022. If Ripple wins the lawsuit and the IPO comes to completion, XRP could rise to new highs.
Ripple already has numerous innovative and unique financial services that enable cross-platform and cross-blockchain payments. Although XRP is significantly down from its ATH of $3.84 in 2018, it has mooning potential. This crypto is too cheap to ignore and stands to gain a lot from mass adoption, making it a good buy now.
Adding to this, multiple financial institutions and banks, like MoneyGram, have already piloted XRP for transborder payments, which bodes well for the future value of Ripple.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Cardano (ADA)
Trading at less than $1, Cardano is one of the most potential cryptos that is too cheap to ignore. Especially in the current market slump that knocked ADA from its all-time high of $3.10 to $0.39 as of writing.
Cardano aims to create fair, transparent, and easily accessible financial services for communities across the globe. With its early embrace of the advanced Proof-of-Stake algorithm, the crypto is one of the best in the market. Cardano’s innovative protocol, the Ouroboros, can validate transactions without high energy costs. It allows the network’s decentralization and lets Cardano sustainably scale to global requirements without compromising security. Unlike many other cryptocurrencies, ADA has real-world utility. The asset is used in sectors like agricultural supply chains to track counterfeit goods.
With Alonzo, Cardano gained smart contracts functionality in 2021. The crypto strives to implement new updates with the Cardano Roadmap laying out new capabilities and features for the network. It is now all set to enter the Cardano Basho era, which will enhance the scalability of the network by adding side chains to remove high pressure on the main chain.
Two immediate catalysts make ADA the best and cheapest crypto to buy now. The most immediate upgrade on the network would be the Vasil hard fork, aiming to reduce the cost of large transactions. Another upcoming update is the Hydra, expected to increase processing feeds dramatically. The future value of ADA would also increase with the increasing adoption of blockchain and partnerships, making ADA too cheap to ignore now.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Decentraland (MANA)
Decentraland is a virtual reality platform powered by the Ethereum blockchain, where users can create, try, and monetize dApps. Although MANA is trading far low from its ATH of $5.90, the crypto is too cheap to ignore now due to its undeniable potential to rise higher.
Reports suggest that some of the virtual plots of Decentraland were sold for millions of dollars, demonstrating a glimpse of the real potential of this project. The crypto also has entered into numerous partnerships with top companies. For instance, a new collaboration with Decentraland allows Samsung Electronics America to enter the metaverse. It aims to open a virtual version of its flagship 837 physical stores in the digital world. MANA is staying below $1, trading at $0.65 as of now, but this trend would not continue for long, as the token would break this barrier soon, making MANA a good buy now.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
The Bottomline
There are quite a few cheap cryptocurrencies in the market today, but all of them are not worth investing in. These top 3 cryptos are too cheap to ignore now as they are expected to bring massive returns with their potential technology and utilities.
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