The cryptocurrency market has taken the world by storm, with coins like Bitcoin, Ether, Dogecoin, Shiba Inu, and others witnessing massive popularity among investors in the last few years. However, cryptocurrencies are volatile and subject to market risk.
Since Bitcoin became popular, numerous cryptocurrencies have emerged on the blockchain. Every crypto project claims to offer something innovative, but how many of these are assets worth investing in?
Take a look at these 7 cheap cryptos to buy now for big gains in the future.
The Sandbox (SAND)
The Sandbox is a voxel-style virtual world where users can build, own and monetize their gaming experiences. The Sandbox platform runs on the Ethereum blockchain and consists of three main products which enable the users to create their own unique content within The Sandbox metaverse; VoxEdit, Marketplace, and Game Maker.
SAND, an ERC-20 token, is the main cryptocurrency for The Sandox's metaverse. This token is used for all transactions within the virtual ecosystem. It reached an all-time high of $8.4 on November 25, 2021. Lucky for novice investors, SAND is now valued at $1.3, making it one of the 7 cheap cryptos to buy now for big gains.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Polkadot (DOT)
Polkadot is a unique project that aims to decentralize the web by connecting blockchains and enabling interaction. The platform effectively allows any blockchain to be attached to it. The DOT tokens are also used for governance to vote on any changes to the network. Unlike other cryptocurrencies, Polkadot can be easily upgraded to fix bugs or even introduce new features without needing a hard fork or spinoff.
In November 2021, DOT reached an impressive high of $55. At the time of writing, it is trading at $7.63, making it one of the 7 crypto coins to buy now for big gains.
Tron (TRX)
Founded by Justin Sun, Tron (TRX) has always been one of the most popular cryptocurrencies. While it initially had a particular focus on the Asian markets, it has since exploded to become a global phenomenon due to the continuous marketing efforts of the team.
Towards the end of 2021, Justin Sun decided to leave the protocol and dissolve his company – Tron Foundation. Since then, the protocol's governance has been overseen by its community via a DAO (decentralized autonomous organization).
TRX is one of the top 7 cheap cryptos to buy for big gains because of the efficiency of the underlying Tron network in stablecoin settlements. Unlike Ethereum ERC20, Tron’s TRC20 is fast and cheap. Users prefer to spend USDT and USDC using the TRC20 network to play fewer transaction fees. This has increased Tron's utility and will continue doing so in the future. The coin is priced less than a dollar, at $0.06 currently, making it a prime investment opportunity.
Ripple (XRP)
Ripple is more than just a cryptocurrency. It is a unique payment protocol designed to simplify global and cross-border payments. The network's native currency, XRP, is the digital token that enables the use of the network's services. It permits users to transfer money at low costs, attracting banks and retail investors.
A vital value proposition of Ripple is its minimal transaction costs while offering transaction finality of under five seconds – meaning that customers can transfer funds in a fast and efficient manner.
The increasing adoption of cryptocurrencies for payments will only draw more attention to the affordable, safe, and easy transactional capabilities of XRP. Naturally, this will impact its demand and, by extension, its value as the years go by. XRP is currently trading at $0.35, an affordable trading point, making it one of the best 7 cheap crypto coins to buy now for big gains.
Cardano (ADA)
Cardano is a popular, fast-growing blockchain technology that stands for secure and sustainable blockchain. Its focus on scalability, interoperability, and sustainability intends to improve on the shortcomings of Bitcoin and Ethereum. The popular blockchain networks, which are based on proof-of-work consensus mechanisms, waste a lot of energy. Instead, Cardano uses a proof-of-stake consensus mechanism, making it a more durable and scalable blockchain. Currently trading at just half a dollar, Cardano’s ADA token is, therefore, a cheap crypto that can bring big gains.
Polygon (MATIC)
MATIC is an Ethereum token used to power the Polygon Network, an Ethereum multi-chain scaling solution. Polygon, formerly known as Matic Network, aims to improve interoperability between the Ethereum blockchain and compatible networks. Using a customized version of the Plasma Framework built on the proof-of-stake (POS) algorithm, Polygon handles up to 65,536 transactions per block on each side chain.
The initial price of MATIC was $0.00263, with a supply of 3.23 billion tokens. The sale secured the project over $5 million at the time. MATIC's price hit an all-time high of $2.40 in May 2021. It is currently valued at $0.88, making it one of the 7 cheap cryptos to buy now for big gains.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Decentraland (MANA)
Decentraland (MANA) is a virtual reality world that runs on the Ethereum (ETH) blockchain. Players can explore virtual worlds owned and built by other users in the metaverse. They can also buy and sell their own plots of land or build their own virtual spaces.
The platform includes interactive apps, in-world payments, and peer-to-peer communication, which helps to foster a growing community and virtual economy.
Decentraland users can also earn money by leasing their LAND to other users, selling advertising space, or creating and selling items for MANA. The MANA token is listed just under a dollar right now, however considering the interest in the metaverse, its price is bound to shoot up soon. Therefore we believe MANA is a cheap crypto to buy now for big gains.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Read More:
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The 5 Best Ways to Buy Cardano (ADA)
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