Top 5 Cheapest Cryptocurrencies With High Returns

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Last Updated January 19th 2023
5 Min Read

Top 5 Cheapest Cryptocurrencies With High Returns - Our Picks

Cardano - Undoubtedly the best cheap crypto with high returns

Polkadot - Set for a successful run in 2023

Dogecoin - An attractive opportunity for crypto investment in 2023

Shiba Inu - One of the most watched cryptos this year

Avalanche - One of the top cheap cryptos with great potential

 

We’ve Narrowed Our Search For The 5 Cheapest Cryptos In 2023. Let’s Have A Look! 

Cryptocurrencies are getting massive rage these days. From millennials and gen z’s to speculative investors, everyone’s looking to get a piece of the crypto pie. What started as a fringe investment is now making waves as a financial revolution, with many national and international media outlets keeping tabs on its daily movement.

Among the plethora of cryptos, Bitcoin is undoubtedly the most popular. However, the price of Bitcoin is not exactly low. Hence, many newbie investors want to invest in cheap and affordable crypto. Fortunately, we have just the suitable recommendation if you’re looking for such cryptos. Bearing in mind the volatile crypto market, here are the top 5 cheapest cryptocurrencies with high returns.

Cardano

Cardano has quickly become a fast low-energy blockchain that has been thoroughly peer-reviewed and decentralized from the beginning. This digital asset received massive hype in 2021, and many crypto enthusiasts even claimed it was the ultimate “Ethereum-killer.”

Cardano had its humble beginning in 2015 with the attempt to bring a solution to some of the issues faced by Ethereum via its PoW consensus model. The platform was officially founded by the ex-co-founder of Ethereum, Charles Hoskinson. So far, some of the critical improvements of Cardano include pos consensus, multiple processing layers for computations and settlements along, with easy network upgrades in the future.

Cardano was initially built in partnership with a non-profit, and let’s not forget the fact that it has the ex-co-founder of Ethereum playing a prominent role. Moreover, considering its massive presence over the years without a high price tag like Bitcoin or Ethereum, Cardano is undoubtedly one of the top 5 cheapest cryptocurrencies with high returns.

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

Polkadot

Compared to others, Polkadot is relatively young and fresh within the crypto world. But this crypto definitely increased in popularity between 2021 and 2022. In fact, many crypto experts anticipate a rise in the crypto’s position and may go head-to-head with other high-ranking cryptos such as Ethereum.

According to the creators of Polkadot, DOT, the native crypto token, mainly serves three purposes. This includes creating para chains by bonding Polkadot, operating the network, and providing governance for the network. So far, this crypto has made tremendous gains and continues to be an affordable crypto with high potential for 2023.

With that, the crypto seems to be on an excellent pace for a successful run in 2023. So, despite the recent decrease in their price, Polkadot still remains one of the best and cheapest cryptos that can offer great returns.

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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

In the crypto scene, particularly in the meme coin section, Dogecoin doesn’t necessarily require any introduction. What started out as a playful venture now produces a quadruple-digit return. Yes, the coin had no actual utility at the start, but it garnered lots of hype, which eventually increased its popularity.

Many with a high-risk tolerance will still find this meme coin an attractive opportunity for crypto investment. The main reason behind this is the platform spread and community backing over massive media platforms like Twitter, Reddit, and more. This has allowed Dogecoin to experience a massive price surge since its launch.

Dogecoin utilizes a proof-of-work (pow) consensus mechanism, requiring miners to solve their own complex math problems through high-powered computers to gain access to validate transactions. Although a relatively new player, Dogecoin has the advantage of having faster transaction processing and being much more affordable than Bitcoin.

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

Shiba Inu

Binance recently named this crypto one of the most watched cryptos over the year. This news places Shiba Inu with big crypto players like Ethereum and Bitcoin, which currently stands as the two of the most significant digital assets. Now, this isn’t a surprise, considering how Shiba Inu even overtook Bitcoin as the most googled crypto at one point.

SHIB is currently the native token of the Shiba Inu ecosystem. This meme token was launched in 2020 by an anonymous group or person known as “Ryoshi.” Ever since the coin hit the crypto market, it has been relentlessly compared to Dogecoin. However, the only thing the two cryptos share is meme coins and the occasional Elon Musk endorsement. Other than this factor, nothing binds the two together. Although the Shiba Inu project tends to parody Dogecoin, the developers are looking to solve more severe and real-life problems.

As one of the meme tokens that has skyrocketed to fame lately, Shiba Inu has undoubtedly observed some biblical growth. Among many factors in considering Shiba Inu, one major factor is the community revolving around the SHIB token. The community has further created an NFT project, enabling the platform to gain more attraction from investors.

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

Avalanche

Avalanche is another crypto that has made waves within the crypto scene. Its fast transaction speed and unique algorithm are the reasons behind its popularity as a digital currency in today’s scenario. So far, Avalanche crypto has responded quite well to trend changes, meaning it tends to shift in a similar direction as the crypto market. The platform's native crypto, AVAX, has also shown great potential and a support system to rise again, even during tough times. Moreover, the market cap of AVAX is pretty strong. Thus, indicating great potential for the coin in recent years.

Avalanche is a big-time Ethereum competitor that can facilitate decentralized applications and create customized blockchains within its ecosystem. Additionally, AVAX recently hit a record-high value, thus overtaking tons of significant cryptocurrencies. Although it was launched in 2020, this crypto has shown massive potential. Thus, making it one of the top 5 cheapest cryptocurrencies with high returns.

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

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