5 Cryptos Trading At A Massive Discount Right Now

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Last Updated July 29th 2022
6 Min Read

The top cryptocurrencies in the market are attracting investors looking to diversify their portfolios. Many growing companies are now accepting digital assets as legitimate means of payment, making it a good time to invest in cryptocurrencies based on your budget. 

Although Bitcoin remains the most popular cryptocurrency, there are many others on the rise that investors should consider. As there are a lot of choices for the cheap altcoins with potential, we have listed the top 5 cryptos trading at a massive discount right now to make the investment decision easy for you. 

Cardano (ADA) 

Cardano is a blockchain platform built on a proof-of-stake consensus protocol called Ouroboros, which can validate transactions without high energy costs. Its developers say Ouroboros enables the Cardano network’s decentralization and provides the ability to sustainably scale to global requirements without compromising security. 

So far, Cardano has an impressive record. By late last year, it had processed over 20 million transactions with no downtime, according to InvestorPlace, and it recently launched ADACash, a rewards token that gained 10,000 users in less than a month. 

At less than $1.00, ADA remains a very cheap cryptocurrency - even more so now, amid the cryptocurrency slump that knocked Cardano back from an all-time high of $3.10 in September 2021. Its current price of $0.53 makes it one of the top 5 cryptos trading at a massive discount right now.

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Solana (SOL) 

The Solana blockchain, which supports smart contracts, is attracting developers rapidly. On Solana, transactions are extremely affordable and take only a few seconds to complete. This contrasts with Ethereum, the world's largest blockchain for smart contracts, where transactions can cost up to $100 and take several minutes to complete. Developers can create disruptive products due to low development costs. 

Non-fungible tokens (NFT) are also thriving on this network, enabling developers to fund projects through a variety of means, including games and decentralized finance products. 

Given that Solana's native coin SOL soared to $260 in November 2021, its current value of $43 makes it one of the top 5 cryptos trading at a massive discount right now. 

We have no idea what developers will build on top of this blockchain, but the possibilities are virtually limitless, given the low transaction costs and fast transaction speeds, which is why experts are bullish on Solana.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Ethereum (ETH) 

Ethereum is a solid cryptocurrency that has established itself as the world’s de-facto smart contract platform. The blockchain is based on smart contracts, allowing decentralized applications, such as the widely used decentralized finance services (DeFi). Ethereum is credited with laying the groundwork for DeFi. Because of its early success, the blockchain is used by a significant portion of the DeFi industry.

The platform's native cryptocurrency is Ether (ETH). After Bitcoin, it is the second-largest cryptocurrency in terms of market capitalization. Notably, ETH has hit all-time highs of over $4,000 per token.

As of writing, Ethereum has entered a market dip - and a token can now be purchased at less than $2,000. You can, however, invest just $10 into Ethereum. ETH is one of the 5 cryptos trading at a massive discount right now, so you can consider investing in it right away.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Dogecoin (DOGE)

Dogecoin - which is currently valued below $0.2 per token, is one of the cryptos trading at a massive discount. This popular meme coin went from a price of $0.005 in January 2021 to highs of $0.74 in July of the same year.

Since its mid-2021 highs, Dogecoin has dropped in value by over 80%. This means that at current pricing levels, you can invest in this cheap cryptocurrency at a discounted price in the hope that Elon Musk once again revisits his interest in Dogecoin.

Dogecoin originated as a joke, but it has become quite real for those who have profited from it. Unlike many other cryptocurrencies that serve actual functions, the founders created Dogecoin as a satirical take on Bitcoin. Last year, the cryptocurrency rose sharply based on hype on message boards and tweets by Elon Musk.

Unlike most of the other cryptos we feature in this guide, it is highly likely that Dogecoin will not break above $1 anytime soon. However, support from Elon Musk, a revived meme coin craze, a recovering crypto market, and sustained hype from the crypto community are all expected to continue fuelling its value gain and exploding DOGE investor portfolios. This, in effect, confirms why it is one of the cheapest cryptocurrencies to buy today.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Helium (HNT) 

Helium is currently seen as a global wireless network project. It even raked about $200 million from Andreessen Horowitz and Tiger Global. HNT hit an all-time high price of $52 in November 2021 and is currently valued at $9.45, making it one of the top 5 cryptos trading at a massive discount right now.

The project is currently working towards becoming a web of networks, which makes it an attractive investment, especially in the second half of 2022. 

Helium is also a decentralized blockchain with the capacity to power The People’s Network. It is a 5G IoT-based project with a technology to allow any individual to develop a massive, cost-efficient infrastructure that is wireless. Users can leverage Helium’s Hotspots, which enable the standard low-powered wireless devices to connect and communicate with one another and deliver data throughout its network.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Bottom Line 

Admittedly, it is near impossible to make accurate predictions concerning the future of the crypto market. But, these top cryptos are trading at a massive discount right now, and investing in them could help you earn massive profits.

Read More:

The 5 Best Ways to Buy Cardano (ADA)

Where To Buy Solana (SOL)

Where To Buy Ethereum (ETH)

How To Buy Dogecoin (DOGE)

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