3 Super-Cheap Cryptos With Explosive Potential - Our Picks
Let’s take a rundown of our top choices of 3 super-cheap cryptos with explosive potential for growth in the future. Continue reading to find a detailed review of the market position and the growth potential of each token.
Polygon - The partnership with Meta has made MATIC an ideal buy now
Optimism - One of the best crypto with plenty of room for growth
Immutable X - The crypto’s role in the NFT sphere exposes its explosive potential for growth
A Closer Look At The 3 Super-Cheap Cryptos With Explosive Potential
Despite being high-risk investments, penny cryptocurrencies are cheap and have massive growth potential. But finding the best cheap crypto under $1 from the pool of thousands of crypto takes work. To point you in the right direction and help you make an informed decision, we have reviewed these 3 super-cheap crypts with explosive potential. These Layer 2 scaling solutions for Ethereum are now trading for less than a penny, presenting the best opportunity for investors.
Polygon (MATIC)
Polygon is one of the most popular Layer-2 scaling solutions for Ethereum, which has seen significant attraction from investors worldwide. Since its inception, the network has allowed users to develop nearly 20,000 dApps, garnering the attention of 130 million unique users, experiencing more than three million daily transactions, and hosting over 3.4 billion transactions.
Trading at a price of $0.922705 as of now, MATIC is one of the super-cheap cryptos with explosive potential for growth. The main catalyst for MATIC’s massive growth is its series of partnerships with well-established and large businesses seeking to explore decentralized internet functions. For example, Disney, the entertainment giant, has opted for Polygon to explore NFTs, artificial intelligence, and augmented reality.
Earlier this year, MATIC skyrocketed past the $1 mark after the crypto winter following a major coalition with Facebook’s parent company, Meta. The Meta platform announced that it would allow users of Instagram service to mint and sell Polygon-powered NFTs on its platform. The crypto-skeptic JPMorgan also leveraged Polygon to execute its first cross-border transaction through decentralized finance on a public blockchain. The crypto’s array of corporate partnerships and increased adoption has positioned the chain as the “Web 3.0 on-ramp for millions of users.”
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Optimism (OP)
Optimism is another layer-2 scaling solution and one of the most popular blockchain platforms globally. OP, the native token of this low-cost layer-2 platform, is trading at $0.935670, opening the best buying opportunity for investors. OP is leveraged to fund third-party development proposals and integrations on the Optimism layer-2 chain through the Optimism Collective decentralized autonomous organization (DAO). It has proven to be an extremely fast-growing Layer 2 with explosive potential by crossing the $1 billion TVL threshold earlier this year.
A unique feature of the Optimism chain is how decentralized applications (dApps) are deployed. Almost all side chains use Ethereum Virtual Machine (EVM)-compatible mechanisms to deploy dApps since it's easy for Ethereum developers to port over their dApps to Layer 2s and sidechains. But Optimism uses the Optimism Virtual Machine (OVM) mechanism, where Ethereum dApps could be loaded onto the network with little to no changes in the overall code. This method increases efficiency, as the OVM method has a higher processing capacity compared to the EVM because of its design differences.
On top of that, Optimism has plenty of room for growth in the future as a range of NFT, DeFi, on-ramping, and portfolio-tracking dApps have already been integrated into the network. Therefore with continuous improvements in the Optimism network, OP would see significant growth in price and value, making this the best time to buy the super-cheap crypto.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Immutable X (IMX)
The NFT sphere has been the hottest and most controversial topic in the industry, and this is one key reason why IMX is the best super-cheap crypto with explosive potential. Immutable X is specifically created to enhance the scalability level of Ethereum for NFT projects. Since its main focus is enhancing NFT collections running on Ethereum, IMX is a complete and all-in-one stop for NFT lovers.
Trading at an affordable price of $0.42, IMX could be the best buy for those looking at cheap cryptos. The network is powered by StarkWare’s revolutionary zero-knowledge-Proof Technology called Starkey. It is a go-to platform for game developers and NFT creators as it offers unmatched throughput at zero gas rates for trading and mining NFTs in a carbon-neutral environment. Immutable X also offers a strong suite of exceptional trading tools allowing creators to design in-game assets for an enhanced experience.
The proposed goal of creating Immutable X was to counteract the speed issue. It takes transactions off Ethereum, completes them on the new network, and then puts them right back on the original blockchain. Immutable X has collaborated with GameStop, adding it directly into their wallet extension. This allows creators from gaming studios, Web 3.0, and metaverse gaming developers to request the content creator on GameStop’s NFT marketplace. Therefore, Immutable X is growing and is showing explosive growth as a potent solution for blockchain gaming projects, thanks to its adaptability and user-friendly interface.
This super-cheap crypto also provides a greater rate of return compared to other top-tier crypto coins due to its significant role in the NFT sphere.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
The Bottomline
Ethereum’s transition to a Proof-of-Stake network has now enhanced the efficiency of several Layer-2 protocols. These 3 layer-2 protocols built on Ethereum present a good buying opportunity for investors now since they are trading at an affordable price as of writing. Therefore, these are your top choices if you are searching for super-cheap cryptos with explosive growth potential.
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