A Closer Look At The Best Cheap Crypto To Buy Now For Long-term Gains
The most popular crypto tokens on the market today cost thousands of dollars. Bitcoin is trading at over $23.035, while Ethereum is at $1,640 at the time of writing. But even these cryptos were once under $1 and experienced a meteoric rise to their current levels.
Unfortunately, the crypto market is also flooded with bad investments. Finding the next coin that will rise to new heights from $1 can be hard. To help you make an informed decision, we have collated the 5 best cheap cryptos to buy now for long-term gains.
Ripple (XRP)
Ripple is a digital payment network that is one of the oldest mainstream projects on the market. Its purpose is to simplify the international payment and remittance process by removing banks and middlemen from the equation, creating a much faster and cheaper way to transact. Ripple was designed to be used by banks as a replacement for the SWIFT network.
This revolutionary payment system has already attracted some big names, like Bank of America, American Express, and Moneygram, to test Ripple in their operations. It also drew the attention of another big name: the Securities and Exchange Commission. According to Forbes, the SEC has been in litigation with Ripple Labs for almost two years, but many crypto law experts expect the SEC to lose. This is increasingly likely with Coinbase now jumping in to support Ripple in its fight.
If Ripple wins the case, then it could open doors for a massive wave of adoption. At the moment, XRP is worth $0.4 with a market cap of $20.3 billion. Ripple could have a bright future ahead of it, and as such, it is one of the best cheap cryptos to buy for long-term gains in 2023 and beyond.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
VeChain (VET)
If you are looking for a cheap cryptocurrency, consider VeChain. The enterprise-grade smart contract platform launched in 2015 and is primarily connected to the supply chain industry, which has remained largely untouched for decades. By providing a decentralized trust layer for multi-party ecosystems and having already seen some major successes with high-profile clients, including governments, VeChain has become essential for many organizations.
The platform is a pioneer in the integration of IoT and DLT technologies. Interestingly, VeChain was built from the ground up with IoT integration in mind. The Internet-of-things refers to the network of billions of smart devices currently in use globally. All these devices are smart because they possess some sensors and can communicate data online. Today, these devices encompass an unbelievable array of stuff, from TVs to doorbells and smartphones.
The integration of IoT and blockchain technology makes perfect sense. Blockchain tech provides an affordable way to monitor such a vast amount of data in near real-time via consensus. Use cases like these make VET one of the top cheap crypto coins in 2023 for massive long-term gains.
Most crypto experts and the larger crypto community believe that VeChain prices will rise more shortly. By buying VET at current low prices, you can set yourself up for massive profitability when VET's value shoots.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Tron (TRX)
If you are looking for the best cryptocurrency to invest in to make massive gains in the future, then TRON is your asset. It is an open-source blockchain network that functions similarly to Ethereum because it has smart contract functionality and can host dApps. However, TRON aims to allow content creators to cut out the middleman, such as YouTube or TikTok, and connect directly with consumers.
As a Proof-of-Stake blockchain, investors can purchase its native token TRX and stake it to generate a passive income stream. TRX is also great from a speculative standpoint, as the network is now compatible with the Ethereum Virtual Machine (EVM), allowing a high degree of interoperability between the chains. Finally, TRON has even partnered with Samsung on blockchain-based projects, highlighting its credibility within the space.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Stellar (XLM)
Users can create, send and trade numerous types of cryptocurrencies on Stellar’s decentralized network. In addition, developers use Stellar to deploy global payment apps, asset exchanges, and micropayment services for both large and small businesses.
Promoting financial inclusion by helping to provide financial services to the world’s unbanked users is the main motive behind the Stellar platform. Although priorities shifted over time, Stellar became a bridge between financial institutions by leveraging blockchain technology. As a result, it has a nominal and relatively lower transaction fee of 0.00001 XLM for its users, making it one of the 5 best cheap cryptos to buy. This low transaction cost attracts millions of users to its network, making it a good investment opportunity.
The price of XLM has shown promising growth to date. Moreover, the team behind Stellar has destroyed half of its lumens and does not plan to create more. This would create a scenario of rarity, and the potential increased value could make XLM an excellent asset to buy and hold.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Cronos (CRO)
Cronos is the crypto token of Crypto.com, a trading and financial services platform. It is an open-source blockchain that mainly adds utility to users of Crypto.com’s services. Therefore, it is one of the best cheap cryptocurrencies to buy now for long-term gains.
Firstly, you can earn rewards like cashback on payments and gift cards using CRO. Alternatively, you can also stake your CRO to earn interest rates of up to 10-12% annually. In addition, the platform recently launched “Cronos Chain,” an Ethereum-compatible blockchain designed to run in parallel to the main blockchain.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
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