Cheap Cryptocurrency: Best Investment Options For Beginners

Cryptocurrencies are all the rage these days, with bitcoin leading the pack in terms of market capitalization, user base, and popularity. However, there are thousands of different cryptocurrencies, which can make it overwhelming when you’re first getting started in the world of crypto.

Cheap cryptocurrencies refer to digital tokens that trade for a small fraction of a dollar, meaning investors can often buy thousands of tokens with a small investment.

- XRP

- Cardano

- Dogecoin

- Chainlink

- Uniswap

- Stellar

- Wall Street Memes (WSM)

- AiDoge (AI)

- Launchpad XYZ (LPX)

- yPredict (YPRED)

- Ecoterra (ECOTERRA)

- DeeLance (DLANCE)

- Anarchy (ANA)

- Shiba Inu (SHIB)

- Sushiswap (SUSHI)

- Gala (GALA)

XRP

The XRP Ledger is highly scalable, with a transaction speed of 1,500 transactions per second, and low transaction costs of $0.0002 per transaction. It is also inherently green, with carbon-neutral and energy-efficient attributes.

Cardano

The Cardano team has shown dedication to the project, with active development and upgrades, and the blockchain has been recognised by mainstream financial institutions and outlets. As the network continues to grow, Cardano could reclaim its previous all-time high price of $3 per coin.

Uniswap

The platform was created by Ethereum developer Hayden Adams, who was directly informed by Ethereum creator Vitalik Buterin. Buterin even named the protocol, originally known as Unipeg. Adams' original inspiration for the platform came from one of Buterin's blog posts.

The UNI token enables shared community ownership in the growth and development of the decentralised protocol. UNI holders can participate in the governance of the Uniswap protocol and wider ecosystem, in a neutral and trustless manner. The success and adoption of Uniswap products will positively impact the Uniswap price, incentivising token holders to contribute to the self-sustaining development of the ecosystem.

Chainlink

The Chainlink Network is driven by a large open-source community of data providers, node operators, smart contract developers, researchers, security auditors, and more. The company focuses on ensuring that decentralized participation is guaranteed for all node operators and users looking to contribute to the network. Chainlink is one of the first networks to allow the integration of off-chain data into smart contracts. With many trusted partners, Chainlink is one of the major players in the data processing field. Due to the integration of off-chain data, Chainlink has attracted the attention of numerous trusted data providers, including Brave New Coin, Alpha Vantage, and Huobi.

Data providers can sell access to data directly to Chainlink, thus monetizing the information they have. Chainlink also allows users to become node operators and earn revenue by running critical data infrastructure required for blockchains' success. Chainlink uses a large collection of node operators to collectively power a wide range of decentralized Price Feed oracle networks live in production, which currently secure billions in value for leading DeFi applications like Synthetix, Aave, and Compound, to name a few.

The Chainlink price typically moves in fits and starts, but it has been holding its own since late last year. As of August 15, 2024, the Chainlink price was $6.39.

Dogecoin

The success of Dogecoin is closely intertwined with Elon Musk's support. Musk began tweeting about Dogecoin in early 2021, sharing a Lion King DOGE meme. This sparked a furious DOGE rally, which culminated in Musk's appearance on Saturday Night Live. After the SNL appearance, however, DOGE crashed despite Musk's promises to increase its price.

• Jack in the Box
• Venmo
• GameStop

Frequently asked questions