Have $100 to spend now? Then invest in these top must-buy cryptos and generate profitable returns.
The fast-paced world of digital currencies has been galloping to new highs recently. Cryptocurrencies have spread their wings in diverse sectors, such as metaverse, gaming, DeFi, and NFTs. Considering growth, market position, and price, here are the top 7 must-buy cryptos if you only have $100 to spend.
- Algorand’s strong focus on sustainability has added it to the list of the 7 must-buy cryptos.
- Solana has begun to break out of its low momentum spiel and has skyrocketed to new highs.
- Cardano’s low price allows you to buy ADA even if you only have $100 to spend.
- Decentraland’s first-mover advantage will help MANA to maintain its momentum throughout 2022.
- With the launch of the cross-chain messaging system, DOT has emerged as a top 7 crypto to buy now.
- Dogecoin's community and support continue to grow at a healthy pace; a mere $100 investment can generate you profitable returns.
- Axie Infinity is a popular metaverse-style blockchain game and a must-buy crypto token.
1. Algorand (ALGO)
Algorand is born from a mission to make blockchain green and is now driven by strategic partnerships, making ALGO a good buy.
Algorand is a decentralized, Proof-of-Stake blockchain that supports an array of applications with a strong focus on sustainability without compromising innovation.
Its partnership with FIFA has driven the value of the ALGO token and made Algorand the first official blockchain platform of the Football Association. The price of the ALGO token is still on the lower end, but it could shoot up once the World Cup 2022 games start in November. Therefore, this must-buy crypto deserves an investment right now, even for just $100.
2. Solana (SOL)
Thanks to the rise of DeFi, you must invest in SOL even if you only have $100 to spend.
Solana has taken the decentralized finance world by storm. It has a growing ecosystem of DeFi applications, NFT marketplaces, gaming applications, and Web3 applications.
Krafton, the developer behind the PUBG Series, has taken the price of SOL to new highs. The game developer has collided with Solana to create blockchain and NFT games. They have planned to develop a blockchain-based game on Solana. According to Krafton, Solana is the world’s most performant blockchain. The platform supports developers in building for the long term by offering efficient scaling without compromising security or composability.
3. Cardano (ADA)
Institutional adoption is a key factor that has made Cardano a must-buy cryptocurrency.
Cardano aims to provide a more balanced and sustainable ecosystem for cryptocurrencies with a unique scientific philosophy and research-driven approach. With the integration of decentralized applications and the popularity of Cardano-based NFTs, its transaction volumes have increased tremendously.
Moreover, the price started surging as Iagon launched its Ethereum-Cardano bridge for USDC. ADA enthusiasts are waiting to get their own native stablecoin in the form of the yet-to-be-launched algorithmic coin Djed. The addition of USDC will also strengthen the blockchain’s DeFi ecosystem. Therefore even a $100 investment in this must-buy crypto could bring you significant returns.
4. Decentraland (MANA)
MANA is a leading metaverse coin aiming to foster a growing digital economy.
If you are looking for the must-buy crypto with just $100 to spend, Decentraland is your best choice. It is one of the best virtual reality platforms powered by the Ethereum blockchain that allows users to create, engage with and monetize digital content through various interactive experiences.
One key reason to be bullish on the future of Decentraland is the increasing interest and adoption from celebrities and influencers looking to establish their brands in VR.
5. Polkadot (DOT)
The rise of Web 3.0 has solidified Polkadot as one of the top 7 must-buy cryptos to add to your portfolio.
Polkadot is one of the most innovative crypto projects in the market that solves a crucial industry hurdle: interoperability. DOT has grabbed attention with the launch of XCM, a Cross-Consensus Messaging format, allowing communication between the network's various parachains. XCM integration is a big step towards Polkadot becoming a fully interoperable multi-chain ecosystem.
Moreover, Polkadot would see rising interest once Web3 is in full swing. DOT is at the center of the whole vision of Web3, which represents the future of the internet.
6. Dogecoin (DOGE)
Dogecoin has again rallied to the list of the 7 must-buy cryptos if you only have $100 to spend.
Although Dogecoin was launched as a parody coin, DOGE had its fans determined to take a hand in helping boost the coin’s price. Currently, DOGE has the support of inventor mavericks like Elon Musk, making it a good buy.
Nevertheless, Musk's deal with Twitter has no direct correlation to Dogecoin, but the tweet made by the billionaire about hypothetically letting users pay for Twitter Blue with Dogecoin has positioned it as a must-buy crypto.
7. Axie Infinity (AXS)
AXS is one of the must-buy gaming cryptos to invest in now.
With the rising interest in blockchain gaming, promising projects like Axie Infinity are gaining massive attention. Gamers can collect, train, and battle digital creatures known as Axies.
A key feature of AXS is that it offers developers perks in exchange for building valuable functionality within Axie Infinity. In the future, the NFTs and gaming sector will flourish in the crypto sphere, bringing impetus to the price action of AXS.
The influence of cryptocurrency on the ongoing digital revolution cannot be overlooked. If you are looking to diversify your portfolio with affordable coins, you must invest in these must-buy cryptos, even for just $100.