5 Best Cheap Cryptocurrency To Buy – May 2022

Last Updated April 21st 2022
10 Min Read

Find out the top cheap cryptocurrency to invest in for profitable returns. 

Cryptocurrencies are all the rage today, with Bitcoin leading the charge. Investors worldwide are flocking to get their fair share in this growing asset class. What used to be a fringe investment earlier has taken center stage in the financial world now. However, Bitcoin is not the only cryptocurrency out there. If you want to get your crypto fix away from big names, here are the 5 best cheap cryptocurrencies to buy now for profitable returns. 

5 Best Cheap Cryptocurrency To Buy

1. Ripple (XRP)

Ripple is one of the large-cap cryptocurrencies under $1 to buy now. 

When we say ‘best cheap cryptocurrency,’ the first coin that comes to mind is Ripple XRP. Developed by Ripple labs, XRP was built for payments and can settle transactions faster, more reliably, and at a lower cost than any standard global payment infrastructure. It uses an open-source distributed ledger called XRP Ledger. It is used as a bridge currency that provides financial institutions with a cheaper route to trade currencies. 

Ripple has made its significant mark in the market by partnering with established financial institutions and banks. Its success so far demonstrates that XRP is the cheap cryptocurrency that will work best for your investment right now. 

Although the XRP lawsuit resulted in Ripple’s price crashing to new lows, it became apparent that the SEC’s case is weak and there is growing optimism that Ripple can win the case. The company is expected to come out well as its lengthy court battle with the SEC nears a conclusion. This has put the price of XRP on an upward trajectory, making XRP the best cryptocurrency to buy now. 

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2. Dogecoin (DOGE)

Dogecoin, the infamous meme coin, could be the best cheap cryptocurrency to buy now.

Unlike other cryptocurrencies, Dogecoin was created as a satirical take on Bitcoin. But it was not so long before the crypto rallied to the list of best cryptocurrencies in the market. Although the asset lacked utilities, with the release of its roadmap for 2022, Dogecoin will get a facelift into a serious cryptocurrency. With a new website design, easier-to-use technical building blocks, and the introduction of the GigaWallet, a foundation that allows retailers and exchanges to integrate Dogecoin without any hassle, Dogecoin would attract more users, pushing the price prediction of DOGE higher. 

Moreover, the billionaire Elon Musk is unlikely to stop tweeting about his pet coin in the years to come as he has plans to adopt DOGE as a mode of payment for Tesla. Therefore, for those who are still searching for a cheap cryptocurrency to buy now, Dogecoin could be the best choice. 

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3. ApeCoin (APE)

ApeCoin is the most promising crypto with massive growth potential. 

ApeCoin is yet another cheap cryptocurrency that could rake in hefty profits for investors. Created in 2022, ApeCoin is the latest sensation in the digital world and is followed by several crypto traders and investors. It was issued by the Bored Ape Yacht Club (BAYC), a bustling virtual community that has garnered the attention of several celebrities with an interest in culture, arts, gaming, and entertainment. 

ApeCoin powers the APE NFT ecosystem and has also been listed on global exchanges, namely Binance and OKX. The main advantage of the coin is that it could be customized down to the tiniest details as per the buyer’s taste. 

Based on the massive performance of the APE token and the nature of its ecosystem, analysts are hopeful that the price prediction of the ApeCoin can increase in the coming months. If you want to make money in the future, ApeCoin could be the best cryptocurrency to invest in now. 

4. Polkadot (DOT)

The DOT crypto has only been around for a year and a half but is the top growing cryptocurrency to buy now.

Polkadot positions itself as the best cheap cryptocurrency to buy as it aims for blockchain interoperability. This means that Polkadot is a true multi-chain application where cross-chain registries and cross-chain computation are possible. Also, thanks to a booming portfolio of parachains, Polkadot has become an Ethereum-compatible platform for decentralized programming. 

The project was developed by the Switzerland-based Web3 Foundation and aims to facilitate a fully decentralized web. The advantage of Polkadot is its flexibility. Unlike other networks, Polkadot can be upgraded to fix bugs or introduce new features without requiring a hard fork. Thanks to its technical capabilities, crypto mainly focuses on enterprise and business-to-business financial applications that require bank-level security and stability.

Polkadot is the best cryptocurrency to buy now as the team is planning to launch decentralized bridges, which is a key component of the next-generation Web3 architecture for online content and communications.

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5. NEAR Protocol (NEAR) 

NEAR is a promising long-term digital currency to buy now. 

Another top cheap cryptocurrency to buy now for profitable returns is NEAR. The NEAR Protocol has a unique framework focused on greater economic fairness and opportunity for all through research, education, and philanthropy. It is a layer-one blockchain specifically designed to be a community-operated cloud computing platform and promises faster transaction speeds, better output, and increased interoperability.

By unlocking the power of blockchain, NEAR aims to meet the growing consumer demands. The network employs a unique Proof-of-Stake mechanism called Doomslug that secures the platform without driving up costs. The project has the potential to reduce barriers to Web3 adoption. 

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The Bottomline 

Investing in a cheap cryptocurrency from the five listed above could bring you good returns in 2022. Regardless of their low token prices, these digital assets have high growth potential based on fundamentals, collaborations, and the teams behind the project.

Read More:

How To Buy Dogecoin (DOGE)

How To Buy ApeCoin (APE) On eToro

Polkadot Cryptocurrency: How It Works and Where to Buy?

9 Growth Cryptocurrencies That Are Undervalued

10 Best Penny Altcoins To Buy And Hold For Massive Growth