21:57 | 19/12/2021 Print
|Top 10 Cheap Cryptocurrencies To Buy In 2022|
Cryptocurrencies had a huge year in 2021. Digital assets are gaining mainstream exposure, and crypto has earned investors tons of gains. In the past year, several different themes have come in waves in the crypto world. Store-of-value coins like Bitcoin ruled in early 2021. Pupcoins became a point of interest in the wake of Dogecoin’s (CCC: DOGE-USD) growth, followed by tokens like Shiba Inu. Non-fungible tokens (NFTs) saw great intrigue — and great confusion — from those looking to cash out on digital art. And now, as we cap off the year, the metaverse has taken a position in the spotlight, grabbing interest in the wake of Facebook’s rebrand to Meta Platforms (NASDAQ: FB).
If you want to have a really strong crypto portfolio, you must diversify the coins and tokens you hold. Choosing leaders in each of these spaces is sure to help bolster your holdings throughout the next year.
6. USD Coin
10. Binance USD
Coin price as of Dec.19: $0.834362 per XRP
The Ripple network allows individuals to exchange money with each other, no matter where they are located or what bank they use. The Ripple network is powered by XRP. Whenever you buy Ripple, you are also purchasing XRP.
XRP is an open-source cryptocurrency that uses an open-source distributed ledger called XRP Ledger. It was developed by Ripple, an enterprise blockchain company that facilitates global transactions. Ripple says XRP was built for payments and can settle transactions faster, more reliably, and at a lower cost than is possible over standard global payment infrastructure. Although Ripple is currently embroiled in a lawsuit brought by the Securities and Exchange Commission, which alleges it engaged in unregistered securities trading, XRP prices began trending up again in July after reaching a recent low of $0.5576.
Coin price as of Dec.19: $0.261757 per (XLM / USD)
Stellar is an open network that allows money to be moved and stored. When it was released in July 2014, one of its goals was boosting financial inclusion by reaching the world’s unbanked — but soon afterward, its priorities shifted to helping financial firms connect through blockchain technology.
While the network can be used by anyone, it was envisioned to connect financial institutions making large transactions. On the Stellar network, these types of transactions can be done nearly instantaneously at little to no cost, unlike with traditional or even competitor blockchain networks. The price of Stellar Lumens has been steadily rising, but it still trades well below $1 per coin.
Coin price as of Dec.19: $2.2081 per (MATIC / USD)
Polygon or the Matic Network is a scalability solution built in India to scale the Ethereum network. It helps Ethereum become a multi-chain system like Polkadot without compromising the network’s security and openness. $MATIC is the native token of the platform used to secure the system and enable governance.
Funded in part by both Binance and Coinbase, the Polygon platform was built on Ethereum with the intention of morphing Ethereum into a multi-chain system. The intention is to create a more versatile and scalable cryptocurrency ecosystem that will enable more rapid mainstream adoption of crypto. Now among the top 15 cryptocurrencies by market cap, MATIC has surged in value from less than 2 cents to start the year to about $2 in early December. In the most recent test of Polygon's stability, MATIC was one of the few major tokens to actually advance in the early December sell-off, jumping 21% between Nov. 28 and Dec. 5. Resilience in challenging times is a cherry on top that solidifies MATIC as one of the best cryptocurrencies to invest in for December and beyond.
IOTA is a cryptocurrency and open-source distributed ledger built for the Internet of Things (IoT). It stores transactions on its ledger using a directed acyclic graph, which has the potential to be more scalable than blockchain-based distributed ledgers. IOTA using a directed acyclic graph, which has the potential to be more scalable than blockchain-based distributed ledgers.
The marketplace has been set up to allow businesses to sell data in order to promote data sharing. Furthermore, the marketplace is blockless, which means that all network transactions are free. IOTA has been hailed as one of the finest cryptocurrencies under $1 due of these factors.
Dogecoin not to buy
Coin price as of Dec.19: $0.173847
Doge is the native cryptocurrency of dogecoin, a parody cryptocurrency based on a viral internet meme of a Shiba Inu dog. At first, the crypto project was created purely as a mockery of other cryptocurrency projects that were being launched at the time.
While many other digital assets continued to rise through the second quarter of 2017, doge prices fell below $0.001. It wasn’t until November 2017, when doge’s price found support again from bullish investors. By January 2018, doge’s price reached a peak of $0.018.
It took over three years for doge to reach that level again, after it experienced a prolonged period of low trading activity as hype for the token waned. Renewed interest spurred by Tesla CEO Elon Musk and other celebrity supporters at the start of 2021 sent doge’s price surging past its previous all-time high. The coin posted a 9,884% gain between January and May. By the end of the rally, doge had peaked at a new all-time high of $0.74.
Dogecoin doesn't allow decentralized applications (dApps), which are autonomous programs that self-execute smart contracts to offer services on a blockchain. This dramatically lowers its potential uses. And to make matters worse, its built-in inflation means it also performs poorly as a store of value. Read More to Know Here!
BitTorrent currency (BTT) is a cryptographic token that was created as an extension of the BitTorrent protocol. The BTT coin's cryptocurrency platform is being developed in order to expand the protocol's capabilities. The BitTorrent team, for example, is working to make the infrastructure ideal for third-party dapp developers, value exchange, and secure and fast decentralized data storage.
Shiba Inu not to buy
Coin price as of Dec.19: $0.00003130
Shiba Inu is a meme crypto created anonymously to riff on Dogecoin — which was created to riff on Shiba Inu — i.e., the Japanese breed of dog — memes circulating around the internet. Despite its whimsical beginnings, Shiba Inu has a market cap of 29.44 billion, according to CoinMarketCap.
For now, the coin remains highly volatile. A year ago a coin was worth $0.000000000001 (that’s 11 zeros). the current price is $0.00005498, an increase of 541,200% — but down 45% from its all-time high of $0.00004 on Oct. 26.
According to data from coinbase.com, the typical Shiba Inu holding time is 40 days (compared to 70 and 75 days for Bitcoin and Ethereum, respectively). The asset also suffers from concentrated ownership, with 10 accounts controlling a whopping 64% of the supply, giving whales the ability to crash the price by selling their stakes. Why not to buy? Read More Here!
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Coin price as of Dec.19: 0,998970 US$
USD Coin (USDC) is a stable coin launched and overseen by an entity called the Centre Consortium, which Coinbase and Circle established. A stable coin is a digital asset pegged to the value of an underlying asset — typically a fiat currency such as the United States dollar. Does USDC’s price change? USDC’s price generally remains on par with the value of the U.S. dollar, although slight fluctuations in value have occurred in the past, which can be seen in USDC’s price history in Cointelegraph’s USD Coin Price Index. USDC is a crypto asset, so a USDC stock price or USDC share price is incorrect phrasing. Similarly, a USDC crypto price prediction or a USDC price prediction would likely result in the price point of $1, as that is the point of the USDC stablecoin. USDC has versions of the asset running on a number of different blockchains.
There is a live price of USD Coin with other useful market data including USD Coin's market capitalization, trading volume, daily, weekly, and monthly changes, total supply, highest and lowest prices, etc. By default, the USD Coin price is provided in USD, but you can easily switch the base currency to Euro, British Pounds, Japanese yen, Korean won, and Russian Roubles.
Coin price as of Dec.19: $1.00
The list of the top 10 penny cryptocurrencies is incomplete without the most stable-value cryptocurrency. Tether is beneficial for crypto investors because it offers a way to avoid the extreme volatility of other cryptocurrencies. Furthermore, having USDT (as opposed to the USA dollar) removes transaction costs and delays that impair trade execution within the crypto market.
Tether is an Ethereum token that is pegged to the value of a U.S. dollar. At $1 per token, or within a few hundreds of a cent of $1, Tether is still one of the more inexpensive cryptocurrencies available. However, that price is not likely to move like many of the other cryptocurrencies out there because Tether, like USD Coin, is a stable coin tied 1-to-1 to the value of the U.S. dollar.
Coin price as of Dec.19: $1.00
Terra is one of the newer cryptocurrencies that is making headlines due to its recent successes. Just like Avalanche, Terra jumped over several cryptos in a single day and achieved a position among major cryptos for a short while. Experts believe that LUNA’s recent launch of the Columbus-5 upgrade, the protocol’s upgrade to the IBC standard that opens up Terra to the Cosmos ecosystem, and the increase in DeFi applications have led to the recent growth of the crypto.
At one point, LUNA saw an impressive increase in value, jumping from $38 to $61 in the space of about a week. Of course, there's no sure-fire way of knowing what its price will look like in a few months from now, and Terra has experienced a few nasty drops throughout 2020 and 2021, but its past and present trajectory is looking very good.
LUNA has also recently been adopted by crypto exchange Injective and is now supported by Stader Labs for liquid staking. This continued expansion and diversification of LUNA make it a promising crypto coin for the coming years.
Coin price as of Dec.19: $3.18
Decentraland launched in 2017 following a $26 million initial coin offering (ICO). Forty percent of the tokens were sold publicly in the token sale, while the Decentraland Foundation held on to 20%, the founding members of Decentraland kept another 20%, and the remaining 20% was allocated to building the community and funding partnerships.
The virtual world launched its test platform in 2019 and opened the platform to the public in February 2020.
MANA is an ERC-20 token – a fungible token created using Ethereum smart contracts. Before the Decentraland platform launched, the project held two LAND auctions where prospective players could bid for plots. All plots had a minimum bid amount of 1,000 MANA and all MANA spent on LAND during the first two auctions were burned – meaning they were destroyed and taken out of circulation. Registering and reselling avatar names, selling LAND or wearables on Opensea or the Decentraland marketplace also involves burning an amount of MANA each time.
In 2018, shortly after MANA made its debut on exchanges, the asset experienced an initial pump and dump as new investors flocked to buy the asset and ICO investors dumped their presale tokens. After that, MANA prices stagnated between $0.02 and $0.17 for about three years until Grayscale Investments (a sister company to CoinDesk) announced the launch of its Decentraland Trust product. Shortly after that update, MANA hit its all-time high of $1.63 in April 2021.
Coin price as of Dec.19: $1.00
Binance USD (BUSD) is a 1:1 USD-backed stable coin issued by Binance (in partnership with Paxos), Approved and regulated by the New York State Department of Financial Services (NYDFS), The BUSD Monthly Audit Report can be viewed from the official website. Launched on 5 Sep 2019, BUSD aims to meld the stability of the dollar with blockchain technology. It is a digital fiat currency, issued as ERC-20 and supports BEP-2. Binance USD strives to be a reliable and efficient marketplace providing access and trading across a healthy variety of crypto assets.
Basic Attention Token: $1.03
The Basic Attention Token addresses the digital ad industry's endemic inefficiencies and privacy abuses. In such a tumultuous market, BAT has been quite stable. The price of one BAT remained constant in 2018 and 2019, indicating its future potential. The majority of the time. The Basic Attention Token is a utility token that is utilised on the Brave browser, which has seen a spike in use since 2019. As a result of all of this, BAT is one of the most popular cryptocurrencies.
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