If you don’t want to invest all your money into cryptocurrency and you’re currently looking for cheap cryptocurrencies to buy, this article will enlighten you.
It is no longer news that people are now seeing the light of cryptocurrency and moving towards it, despite the risk attached.
There are several cryptocurrencies you can trade but based on your finances or fear of losing a lot of money, you might not be able to buy expensive digital currencies.
In this article, you will know 8 Cheap Cryptocurrencies to buy and their current rate. Bitcoin might be the most popular cryptocurrency but it’s not the only one out there.
But, it is important to make adequate research on every crypto you want to invest in.
What Are the Top Cheap Cryptos To Buy Now?
If you’re ready to invest in crypto, the following 8 cheap options can help yield a great return on investment. Not all cryptocurrencies in this article are common but all are cheap at the moment.
8 Cheap Cryptocurrency to Buy Now
1. Uniswap (UNI)
Coin price as of Dec. 24: $5.21
Uniswap is a decentralized exchange (DEX) protocol built on the Ethereum blockchain that allows users to buy and sell cryptocurrency tokens directly with each other, without the need for a central authority or intermediaries. It uses a unique algorithm called an “automated market maker” (AMM) to facilitate trades and determine prices, which are based on supply and demand for the tokens being traded.
Since Uniswap is an open protocol, anyone can use it to create a decentralized exchange for a specific token. This allows for the creation of liquidity pools for a wide range of assets and enables users to trade these assets directly with each other. It is a good and cheap cryptocurrency to invest in.
2. Dogecoin (DOGE)
Coin price as of Dec. 24: $0.07891
Dogecoin was created in 2013 and started as a lighthearted alternative to Bitcoin and a few other cryptocurrencies. Dogecoin transactions are confirmed and new coins are created more quickly than with other cryptocurrencies. This makes Dogecoin attractive for small transactions. There is room for the value of Dogecoin to grow if it becomes more popular.
Even though Dogecoin was created as a “joke”, it is interesting to know that you can make money out of it. It is one of the cheap cryptocurrencies to buy now.
3. Polygon (MATIC)
Coin price as of Dec. 24: $0.7978401
A polygon cryptocurrency is a digital asset that is built on the Polygon network. The Polygon network is a blockchain platform that aims to provide a more scalable infrastructure for decentralized applications (dApps).
Polygon is a multi-chain system that supports Ethereum-compatible smart contracts and dApps, allowing developers to build and deploy their applications on the platform using familiar tools and technologies.
MATIC is polygon’s native cryptocurrency, which is used to facilitate transactions on the network and is also used as a reward for users who contribute to the security and maintenance of the network. It can also be used to pay for goods and services within the Polygon ecosystem.
Polygon is one of the cheap cryptocurrencies to buy now and it is backed by Coinbase and Binance.
4. XRP (XRP)
Coin price as of Dec. 24: $0.35
XRP is the native token used by Ripple founded by Jed McCaleb and Chris Larsen in 2011. XRP is a digital asset employed as a bridge currency, a cryptocurrency, and a means of exchange. It is a component of the native asset of the Ripple payment system, which aims to make cross-border payments quick, affordable, and dependable. It is one of the cheap cryptocurrencies to buy now.
Ripple is a private company that develops financial technology solutions for banks, payment providers, and many other organizations.
XRP is different from other cryptocurrencies because it is not mined but rathm. XRP can be bought and sold on cryptocurrency exchanges and is used as a means of exchange in some parts of the world.
5. Cardano (ADA)
Coin price as of Dec. 24: $0.2634
Cardano (ADA) is a decentralized open-source blockchain platform and cryptocurrency that was developed by the Cardano Foundation, Emurgo, and IOHK. It was designed to be a more secure and scalable platform for the development and execution of smart contracts and decentralized applications (DApps).
ADA is the native cryptocurrency of the Cardano platform and is used to facilitate transactions and reward network participants for their contribution to the network. It can be bought and sold on cryptocurrency exchanges and used to pay for goods and services at merchants that accept it.
According to Coinbase, Cardano is built on Ouroboros which is a proof-of-stake consensus protocol. It can validate without high energy costs. It is one of the cheap cryptocurrencies to buy at the moment.
6. Chainlink (LINK)
Coin price as of Dec. 24: $5.91
Chainlink (LINK) is a cryptocurrency that is used to pay for services on the Chain Link network. It is used as a means of exchange for oracles to be paid for the data and services they provide to smart contracts.
Chainlink is built on the Ethereum blockchain and can be stored in any wallet that supports these token standards, such as MyEtherWallet or MetaMask.
The price of Chainlink is determined by supply and demand on cryptocurrency exchanges, just like other cryptocurrencies. It can be bought and sold with other cryptocurrencies or with fiat currencies, such as US dollars or euros.
Chainlink is also used as a store of value and as a speculative investment. Its value has been volatile, like other cryptocurrencies, and its price can fluctuate significantly over short periods. Though Chainlink might be a cheap cryptocurrency but it is important to carefully consider the risks and to do your research before deciding to invest in Chainlink.
7. Stellar (XLM)
Coin price as of Dec. 24: $0.075143
Stellar is a decentralized, open-source protocol for digital currency to fiat currency transfers which allows cross-border transactions between any pair of currencies. The Stellar network is a distributed ledger that is used to record and track financial transactions securely and transparently. It was founded in 2014 by Jed McCaleb, the co-founder of Ripple, and Joyce Kim.
Stellar is designed to facilitate low-cost, fast, and secure transfers of any form of currency, including cryptocurrencies, fiat currencies, and commodities. Transactions on the Stellar network are processed within seconds it is fast and the network can handle thousands of transactions per second.
The Stellar network uses a digital currency called Lumens (XLM) as a medium of exchange. Lumens are used to facilitate transactions between different currencies on the Stellar network. They can also be used to pay transaction fees on the network.
It is designed to provide financial inclusion and make it easy for people in developing countries to access financial services. It is a cheap cryptocurrency to buy now.
8. The Sandbox (SAND)
Coin price as of Dec. 24: $0.448713
The Sandbox is a decentralized platform that allows users to create, share, and monetize gaming experiences on the blockchain. The platform is powered by a cryptocurrency called SAND, which is an ERC-20 token that runs on the Ethereum blockchain.
The Sandbox was developed as a way for developers to create and monetize their own gaming experiences, and for players to discover and engage with new games and experiences. The platform aims to provide a fair and transparent way for creators to earn income from their work, while also giving players the ability to own and trade in-game assets.
Overall, the Sandbox is a platform that combines gaming, blockchain technology, and cryptocurrency in a way that aims to create new opportunities for creators and players alike.
The Sandbox is a blockchain-based metaverse — a virtual game that uses a “play-to-earn” model that lets users create, buy, sell and collect digital assets in the form of NFTs.
Conclusion
It’s important to keep in mind that the value of any cryptocurrency can fluctuate significantly, and investing in cryptocurrencies carries inherent risks.
It’s always a good idea to do your research and carefully consider your investment decisions.
However, there are a lot of cheap cryptocurrencies to buy now, and many of them have been listed in this article.
