Looking for the best cheap cryptos to invest in now. Here’s the list.
Cryptocurrencies have completely disrupted the way financial institutions work today. Blockchains and digital currencies were developed on an algorithm that could address the issues concerning sustainability, safe and fast transactions, and scalability. If you're interested in investing in cryptocurrency, the best way to generate above-average returns is to consider affordable tokens. Considering all key factors, here are the 6 best cheap cryptos to buy in July.
Bitcoin (BTC)
Bitcoin holds a significant position in every investor’s portfolio.
The simplest reason to buy Bitcoin is its strong fundamentals, even years after its inception. After its massive rally in 2020 and 2021, several institutional investors understood the significance of this asset. Its popularity has grown around the world over the last few years as its purpose is more defined than ever before. Several countries are planning to make BTC a legal tender following El Salvador.
Although the 1BTC costs much higher than any other cryptocurrency, we recommend this coin as its prices are lower than ever. Right now, it is stuck in the $20K range, which is much lower than its average for 2021. If and when the crypto rallies, BTC could even cross its previous all-time high price of over $65K. Therefore we believe it is one of best cheap cryptos to buy in July. However, the personal decision to invest in Bitcoin comes down to your risk appetite.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Ethereum (ETH)
Ethereum is one of the best altcoins with long-term value.
Another leading asset that is also one of the best cheap cryptos to buy in July is Ethereum. ETH has earned its reputation as the first blockchain to use smart contracts. Currently, ETH hosts several applications like DeFi, dApps, NFTs, etc.
The current bear market has affected this crypto as well and dropped its price to around a thousand dollars. The network’s planned upgrade to the PoS system will make it more scalable, secure, and sustainable. It will attract more institutional investors and boost ETH's price.
Among other things, The Merge would make Ethereum crypto mining obsolete, eventually reducing the huge amount of energy required to create new tokens. Gas prices will be lowered on the network, which will also be able to process transactions faster. So a big boom is coming for sure on Ethereum, and it will be smart to invest in ETH in July while the prices are still low.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Solana (SOL)
Solana is one of the fastest-growing cryptocurrencies and significant addition to the list of the best cheap cryptos to buy in July.
The main motto of Solana is to bridge the gap between fiat and digital currencies. The platform leverages futuristic technologies like distributed identity systems, distributed data exchange, and collaboration and distribution procedure protocols to effectively implement this.
Solana’s blockchain also hosts several NFT marketplaces, including Metaplex, Solanart, and the widely used Magic Eden. Its low fees and versatility make the network much more preferable for NFT traders. Since its inception, SOL has positioned itself as a direct competitor of Ethereum. Since SOL is currently trading at around $34, much lower than its all-time high of $260, it is definitely one of the best yet cheap cryptos you can buy in July.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Polygon (MATIC)
The achievement of carbon neutrality solidifies MATIC’s position as one of the 6 best cheap cryptos to buy in July.
Polygon is a decentralized application built on the Ethereum network designed to expand Ethereum into a multi-chain system. It is backed by popular exchanges like Coinbase and Binance. Additionally, it is the biggest DeFi chain on Ethereum and has achieved that sovereignty by solving the inherent issues native to Ethereum itself.
Its token MATIC has been the solution developers need to deploy decentralized applications more efficiently and cheaply. As a result, it has become the most promising “layer two” token, still priced under a dollar. We recommend investing in this cheap crypto in July because of its low price tag and promising trajectory.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Dogecoin (DOGE)
DOGE is the most popular and cheapest meme crypto to buy now.
Unlike many other cryptocurrencies, Dogecoin was created as a satirical take on Bitcoin. But the meme coin has grown tremendously, adding it to the list of the 6 best cheap cryptos to buy in July. The cryptocurrency rose sharply based on hype on message boards and tweets by its biggest supporter, the Tesla CEO, Elon Musk.
According to Musk, Dogecoin is a people’s crypto and easier to spend than large crypto assets. Therefore, DOGE is certainly a buy now as it will continue to maintain its existence in 2022, considering all the expected development mentioned in the roadmap for 2022.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Tezos (XTZ)
Tezos’s role in the NFT sector makes it one of the 6 best cheap cryptos to buy in July.
XTZ powers Tezos, a blockchain that adjusts itself and, theoretically, never has to go through a hard fork. It has now expanded its reach to the NFT sector with a significant partner by its side.
One key reason for XTZ’s popularity is faster payment processing and lesser transaction cost to enable investors to transact using a credit card. Moreover, several Tezos supporters believe that digital currency is the future, driving the adoption of crypto by institutions and companies across the world.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
The Bottomline
The bear market poses an excellent opportunity to grab some market share, especially with prices being so low. We recommend building your investment portfolio through any of these 6 best cheap cryptos to buy in July if you want good returns at a low cost. However, always keep your risk appetite in mind before investing.
Read More:
The 5 Best Ways To Buy Ethereum (ETH)
The 5 Best Ways To Buy Polygon (MATIC)
Best Long-Term Crypto Investments
Top 10 Most Undervalued Cryptos
10 Best Penny Cryptocurrencies To Buy
Best 10 New Cryptocurrencies To Invest In