Despite its ebbs and flows in value, Bitcoin has proven to be an incredible investment for those that got in early. But it’s expensive. So that has a lot of investors looking for cheap crypto to buy. The reason is simple…
Since its initial coin offering (ICO), Bitcoin has seen one of the largest returns on investment of any of the legit cryptocurrencies out there. But compared to some altcoins, it’s lagged behind in returns of late. Ethereum, for instance, has outpaced it by a fair margin. And Solana has left it in the dust since we began looking at it just last year.
Bitcoin acts as a sort of ceiling to much of the crypto market. Afterall, it’s the granddaddy of all cryptos. And even despite recents dips in value, it’s proven to be a respectable investment. But there’s a lot more room for growth in many of the cheaper cryptos out there.
That being said, just because they’re cheap, doesn’t mean they’re going to go up in value. There are also plenty of scams out there. As we saw with the now notorious Squid Game crypto, what goes up can all too quickly come back down and vanish.
That’s why it’s so important to look at the use case of a given coin. But even if the whitepaper looks good and there is something interesting going on beyond the token’s value, virtually no crypto is a sure bet. And there are some tricks to trying to avoid a crypto scam. But it’s vital to never invest more than you’re willing to lose in a given crypto. No investor should ever lose their life savings on an investment. And the most surefire way to do that is not betting your life savings on a single investment. So keep that in mind when considering this list of cheap crypto to buy.
Cheap Crypto to Buy Today
Cardano (ADA)
With a market cap around $28 billion, Cardano isn’t exactly a small fry in the crypto community. But this cheap crypto to buy is currently trading for less than $1 a coin. So it’s certainly on the low-cost side of things. But it’s also proven its ability to stand the test of time. It was launched in 2017. And it’s often billed as a third-generation blockchain.
Developers designed Cardano to compete directly with the likes of Bitcoin and Ethereum. And it’s quite good at it. It’s proven to be more scalable and efficient compared to the previous generations. While not quite a household name yet, Cardano has a proven use case. And it’s also among the only peer-reviewed blockchain platforms in the industry.
Basic Attention Token (BAT)
This is a noticeably smaller crypto in terms of market cap than Cardano. It’s also slightly cheaper. Cardano launched in 2017. And this cheap crypto to buy is built around the privacy-focused web browser, Brave. To be fair, BAT has its work cut out for itself. It’s competing against the likes of Google Chrome, Firefox and the like. But that doesn’t mean it won’t make some headway.
Brave blocks ads and tracking by default (we like that a lot). But users who agree to see ads can join a program that pays them in BAT in exchange for viewing them. And digital marketers also use BAT to pay for ads on the Brave browser. They’ve built up a pretty self-reliant ecosphere. But this is still more of a speculative crypto. Its use case is solid. But it’s going up against some Silicon Valley titans. However, if adoption grows, this cheap crypto to buy won’t be cheap for long.
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Decentraland (MANA)
This one has been in the news a lot recently. When Facebook announced it was changing its name to Meta Platforms (Nasdaq: FB), investors quickly took notice of the existence of the metaverse. And that’s Decentraland’s bread and butter. This is 3D virtual reality platform that’s powered by the Ethereum blockchain.
Users build attractions they think others will want to visit. And they charge other players to visit them. And naturally, MANA is the native cryptocurrency folks use for transactions. While it’s hard to pinpoint just how popular the game is today, within a week of its launch, Decentraland attracted 12,000 users. And it has plans for expanding, which should attract more users. And the more users there are, the higher the value of Mana.
Stellar (XLM)
Stellar is a middle-of-the-road crypto in terms of market cap (close to $5 billion). But it’s among the cheapest on this list of cheap cryptos to buy. You can pick up a token for less than $0.20. And we think it’s still got a lot of growing left to do. XLM is the native cryptocurrency of Steller, a blockchain-based payment network. One reason we see big things for this crypto is it’s changing the way people can bank.
More than half of the world lives without a bank account. And those are the folks the Stellar system is built for. The intention behind Stellar is to offer the bankless access to financial products. And it’s been connecting financial institutions to its blockchain. This allows for cheap transactions in developing markets. It’s also one of the more environmentally friendly altcoins.
As adoption in emerging markets continues in places like Zimbabwe, Nigeria and Argentina, Stellar should see an increase in value. That makes this one of the more promising options on this list of cheap cryptos to buy.
VeChain (VET)
By now you’ve surely heard about supply-chain issues plaguing industries all over the retail sector. Well, VeChain is on a mission to fix that. VeChain is a smart contracts platform with a focus on supply chain management. This crypto platform helps manufacturers add sensors to products in order to record data onto the VeChain blockchain. And investors are starting to take notice.
The VeChain crypto was trading for less than $0.02 a coin two years ago. Since then, it’s up more than 100% in value. And it’s still trading for around $0.05. But we don’t expect that to be the case for long. As supply-chain issues continue (and that looks to be the case for a while), manufacturers are going to be looking for new ways to better track stock. And VeChain offers a simple solution to this part of the problem. That’s what makes this such an interesting cheap crypto to buy. It’s got a solid use case. And it’s focusing on a problem that much of the world is dealing with right now.
The Bottom Line on Cheap Crypto to Buy
There are tons of opportunities out there in the crypto markets. And thanks to the ability to buy tiny fractions of just about any cryptocurrency, you don’t need thousands of dollars to get started. Heck, you can even open a position in Bitcoin or Ethereum with just a couple of bucks. But these cheap cryptos to buy offer something that those two don’t: a lot more upside potential.
If Bitcoin were to rocket all the way to $100,000 per coin, investors would be celebrating a roughly 130% return. While that’s a solid gain, it’s small potatoes compared to what these tokens are capable of. [/gated-content]