Looking for the best cheap cryptocurrencies to invest in under $1. We can give a list of all cheap cryptocurrencies which have a good future so let’s take a look at some of the best options in 2020.
Best Cheap Cryptocurrency To Invest
There are thousands of cryptocurrencies out there right now, but not all of them are worth your time and money. Although nothing is certain in the world of cryptocurrencies, there are still some coins that are considered better than others in every possible aspect. Your goal as a crypto trader is simple — find cheap crypto coins and sell them when their price goes up.
Why should you consider cheap coins? Low-cost cryptocurrencies have a number of obvious advantages that should be immediately reflected. For example, the fact that there is now more and more confidence that digital currencies will become the official means of payment in the coming years around the world. This means that it is more likely that their value will increase exponentially. And you can invest a little money in a few stable and promising coins, which in the future can increase the value of tens, hundreds and thousands of times.
But what are the best cheap crypto coins at the moment? And where to find cheap coins to buy crypto? These are the two burning questions that every newcomer asks, and this article will answer them. Read on!
Why Invest in Cheap Coins?
Why should you invest in cheap but promising cryptocurrencies? The answer is quite straightforward — to gain profit. Many investors who poured some cash into Bitcoin when it was cheap are now millionaires as the price of “digital gold” increased significantly.
Although young and cheap cryptocurrencies might not be able to achieve similar success (but, never say never), many of them will likely become adopted worldwide. How is that possible?
The majority of these cheap crypto coins are actually part of a project or a company. For example, XRP is developed by Ripple Inc, and every move that the organization makes affects the price of the coin. Investors are there to predict whether the company would do well and popularize its cryptocurrency.
Best Cheap Cryptocurrency to Buy
After conducting in-depth research we concluded that the cryptocurrencies with the best potential are Ardor, Nem, Ravencoin, Stellar Lumens, and Cardano.
We’ll discuss each of them below. First of all, we’ll make a quick overview and discuss price trends related to the crypto in hand. After that, we will talk about the reasons why they made it to our list and focus on their primary advantages and disadvantages.
Let’s take a look.
Ardor aims to facilitate blockchain inclusion in existing companies. Simply put, it’s a blockchain-as-a-service company that will help existing businesses set up a chain of their own, without having to invest a lot of money and energy. There are thousands — if not millions — of businesses worldwide that would like to experience the benefits of blockchain technology and Ardor is there to help them. On top of that, it’s also a unique crypto exchange.
Ardor Price Analysis
Ardor is currently ranked #107 in the market, with a total market cap above $52 million. The current price is $0.0521, but the all-time high was reached on January 13, 2018, when the price of a single unit was $2.55. On the other hand, the all-time low for Ardor was on October 30, 2016, when the price was only $0.0083. However, after the January 2018 spike, the price did not go as low. It’s also important to mention that the circulating supply of Ardor is equal to its max supply, which is 998,999,485 ARDR.
Why Invest in Ardor
Many professional investors believe that ARDR has a huge potential, as it offers a scalable solution that could help businesses worldwide. As such, it’s one of the most attractive cheap crypto coins at the moment.
Pros and Cons
- Underlying architecture makes Ardor a great basis for further innovation;
- A strong team behind the company;
- Great ROI so far (41.64% at the moment of writing this).
- Still not competitive enough when compared to BTC and other leading cryptos;
- New, so anything can happen in the future
It’s difficult to describe Nem without getting too technical. Essentially, Nem is a platform that companies can use to build decentralized applications, or dApps. It’s basically a technology. What makes Nem stand out from the crowd is its Smart Asset System, and the unique messaging system that can be used as part of the transaction process.
Nem Price Analysis
The current price of a single unit of XEM is $0.0457, but compared to Ardor, Nem is placed way better on the market. Its market cap at the moment is $411.46 million, and it is overall ranked as the 29th best cryptocurrency at the moment. The coin reached its all-time high on January 4, 2018, with the price of $2.09. The all-time low happened before the infamous market explosion — on September 15, 2015 ($0,00009). However, during the last 12 months (between June 2019 and June 2020) the price ranged from $0.0266 to $0.1084.
Why Invest in Nem
The New Economy Movement has high hopes for its project. The two essential innovations that it uses are POI (Proof of Importance) and harvesting. These revolutionary technologies are the primary reasons why some investors consider Nem to be one of the best cheap crypto coins.
Pros and Cons
- Nem already has proven use cases;
- Nem offers a secure mining model, as POI guards the network against cybercriminals trying to perform the infamous 51% attack;
- Nem can be used outside the FinTech sphere.
- Updates should be more regular;
- Nem needs to be more transparent about certain operations.
One of the most common questions asked in the past decade was — did you watch Game of Thrones? The creators of Ravencoin certainly did. Essentially, most of them are GoT fans and Bitcoin developers who wanted to make a secure peer-to-peer electronic system for creating and transferring assets. The entire idea is inspired by the fact that ravens were news bringers in the World of Ice and Fire.
Ravencoin Price Analysis
Created in 2018, Ravencoin did not live in the era of the bubble burst. Therefore, looking at its price change, there aren’t any huge swings. It’s all-time low was $0.0087 on March 13, 2020, and the crypto coin peaked on June 3, 2019, when the price was $0.08. Although its ROI is currently -15.75%, investors believe that Ravencoin’s time is yet to come.
Why Invest in Ravencoin
What made RVN popular is that it was backed by some big-name people, including Bruce Fenton, who is the Bitcoin Foundation board member. Moreover, Overstock invested millions of dollars in Ravencoin, so that’s definitely a good sign.
Pros and Cons
- Ravencoin is an open-source project that pays a lot of attention to privacy;
- There’s a dedicated and experienced team behind Ravencoin;
- Some really important people backed this project and cryptocurrency.
- Ravencoin is still new and needs further improvements to speed up transactions.
Compared to all the previous crypto coins in this article, XLM is far more successful. Its main goal is to provide people with access to affordable banking services around the globe. Moreover, it aims to make cross-asset value transfers easier. It’s a pretty ambitious project started back in 2014 by former Ethereum employees Joyce Kim and his colleague Jed McCaleb.
Stellar Lumens Price Analysis
The current price of a single XLM is $0.0712. It moved in the range between $0.0284 and $0.0012 for the past 12 months and peaked at $0.9381 on January 4, 2017. Before that, the price was usually below $0.002.
The reason why XLM is still very affordable despite huge success is that the total supply is set at more than 50 billion XLM, while the current circulating supply is 20.32 billion XLM.
Why Invest in Stellar Lumens
Stellar Lumens’ current ROI is 2,333.38% and it has recorded the highest increase in popularity among the coins listed in this article. The current market cap is $1.4 billion, and the crypto is ranked #13 on CoinMarketCap. These are just a few things to take into account.
Pros and Cons
- If banks start using Stellar for international transfers, its value could skyrocket;
- Its technology is already used by the big players, such as IBM;
- More decentralized than its competitors such as Ripple.
- In direct competition with Ripple, which could become its main drawback in the future.
Based on the Haskell coding language, Cardano was built with high goals in mind. It’s a product of a philosophical debate, and therefore, it has attracted many investors. Cardano is a multi-layer protocol that is resilient, scalable, and open-source. It also has a unique PoS mechanism named Ouroboros. The team behind Cardano adopted an academic approach to development, yet, in a way, rejecting traditional academia as such.
The company was founded by Charles Hoskinson and Jeremy Wood.
Cardano Price Analysis
ADA is a relatively stable cryptocurrency. However, its price ranged from $0.0191 to $0.1069 in the past 12 months. The highest it got was on January 4, 2018, when the price was $1.33. It’s all-time low was on October 1, 2017, when the price was $0.0173.
Why Invest in Cardano
Cardano is even more popular than Stellar Lumens, as it currently occupies the 10th place when it comes to its total market cap, which is $2 billion. Its ROI is 277.99%. The numbers speak for themselves, so Cardano is definitely among cheap crypto coins with potential.
Pros and Cons
- Developed and maintained by highly-educated individuals and independent thinkers;
- Code was written from scratch;
- More stable compared to other cheap crypto coins.
- Cardano has issues with the speed that need to be addressed in the future.
Best New Cheap Cryptocurrency
New players are constantly appearing on the market, each of which has a different potential. This depends on many factors, and at the initial stage, the new digital currency has more risks, as it only begins to earn the interest of users and authority. However, some coins already at the start manage to prove themselves and attract the attention of experts. We have selected 3 top newcomers of 2020, each of which can claim the title of the best cheap cryptocurrency that will be big.
The $UNI cryptocurrency is less than one year old. It was launched in mid-2020. Despite its “age”, it has already become popular with experts and investors. Many note the similarity of the project with Ethereum during the ICO. However, it is always worth remembering that the field of digital currencies depends on many factors, especially for a beginner.
$UNI Price Analysis
At the moment – January 1, 2021-the cost of $UNI is $ 4, 76. The start of the currency on the exchange began at $3.44 per coin. As we can see from the numbers and on the chart for the past December – $UNI continues to grow. This is partly due to the general trend of the market, but it is worth noting that experts predict the continuation of this trend.
Why Invest in $UNI
Investing in a token is now similar to playing roulette, but less risky, since in the world of cryptocurrencies it obeys many economic laws and is supported by technological aspects. That is, based on expert forecasts, you can still be partially sure of how the digital currency will develop.
Uniswap has a huge advantage. After all, this is a unique platform that can replace centralized trading platforms. The developers promise to introduce new technologies that will take the project to a new level. This can guarantee a serious increase in the price of $UNI in the future 3-5 years. We can confidently add it to the list of favorites and call it one of the best cheap cryptocurrency to invest in.
Polkadot opens a completely new page in the world of blockchain and gives new opportunities. The main merit of the project is that in simple words, it returns control of the management of digital life to people. This technology combines various blockchains into a single network. Other benefits:
Polkadot makes it possible to process a large number of simultaneous transactions across multiple chains in parallel.
- A simple update
Polkadot solves almost a revolution and allows you to perform updates without using forks. This is a brilliant solution that helps blockchains adapt to new conditions as quickly as possible, improve and embed updates.
Networks and apps in Polkadot can share information and functionality with each other indefinitely, just like apps on a smartphone.
- Great functionality of settings
Here, each blockchain can be optimized not only uniquely for itself, but also for different use cases. That is, there is an opportunity for continuous improvement and the most effective use of various technologies.
All this speaks about the huge prospects of the project, which in 2020 also released its DOT token. And this means that following the development of the network, the coin will have a beautiful future in terms of financial weight.
DOT Price Analysis
The coin started too confidently with a price of more than $ 300. Of course, this is too optimistic for a completely new cryptocurrency. The collapse happened very quickly. The new mark was only $ 2.84. December 2020 became a field for dispersal of the coin, as after the giants of the market, the price of DOT began to grow steadily. And the new 2021 token started with a price of $ 8, 32. A good start for a cheap coin. Many experts believe that DOT is the cheapest and best cryptocurrency to buy. Let’s see why.
Why Invest in DOT
Polkadot is a game-changer in the crypto world. The technology is so promising that no one doubts its importance and necessity. And most importantly, the developers have shown that they can realize the huge potential of the network. It’s only a matter of time. So the answer to the question “Is it worth investing in Polkadot?” unambiguous. And that’s ” Yes!”. We advise you to study more information about the project and decide what amount of investment is available for you.
Curve can be called a decentralized exchange where stablecoins are exchanged. There are the lowest possible fees and risks. And last year, the project team decided to bring its own CRV token to the market. It was created as part of the liquidity mining program.
Does the project have a future? Sure. Stablecoins are very attractive for those who do not want to take risks with the usual highly volatile currencies. And the exchange’s low commissions add weight to the project. So there is no doubt about the development and prosperity of Curve.
CRV Price Analysis
The token started from above $15. And in the first 10 days, it fell by almost $ 13. This is a fairly predictable process, but it is not an indicator. It is worth noting that the last 3 months the exchange rate has been stable in the range of $ 0.47 – $ 0.83, undergoing sharp jumps in value. And despite its short “life”, the token has attracted a lot of attention. Mostly positive. The success and relevance of Curve will ensure, experts believe, the applicability of the coin, and therefore increase its value.
Why Invest in CRV
Now is the time to invest in Curve DAO Token. CRV is arguably the best super-cheap cryptocurrency with huge potential. In a short time, the Curve Finance protocol quickly took the place of one of the best protocols in the DeFi ecosystem on Ethereum. Now the main goal of the project is to increase the volume of operations in order to get more income and stimulate the development of the project.
How to Invest in Cheap Crypto Coins — Top 4 Ways
Now that you have a good reason to think about investing in cheap crypto coins with potential, we need to tackle several best ways to do it.
If you don’t want to engage in crypto trading activities, “hodling” is probably the right strategy for you. All you have to do is select a cheap crypto coin, buy some of it, and hold it until its price hits the roof. Once that happens, you should sell the crypto and make a handsome profit.
Day traders are active, as they trade cryptocurrencies on a daily basis (hence the name). They monitor changes in prices and seize the opportunity to make small profits every day. Day traders spend anywhere from 30 minutes to several hours researching the market and finding opportunities to invest in.
If you focus on cheap crypto coins, you’ll make small gains. But then again, you don’t even have to invest a lot of money. In other words, there’s room to make mistakes as there will be no significant losses either.
This type of crypto trading is more frequent than holding but less frequent than day trading. Instead of trading daily, swing traders make more detailed calculations to predict price swings and act. Therefore, they make trades when there’s a change in price that’s more significant than the small ups and downs that occur daily.
Does it work with cheap crypto coins? It does, but it’s far more complex than other types of trading. So if you’re new to this activity, you might want to research swing trading once you gain some experience.
This type of approach can be described as “calculated holding”. Unlike holders who just buy and hope for the best, position traders are usually more involved in the research. However, once they buy a crypto coin, they usually wait for a long period and sell when the time is right. But, they still hold cryptos for a shorter period compared to the buy-and-hold strategy.
This is also a valid option for those who want to trade cheap cryptocurrencies. However, it still requires you to be experienced to pull it off.
It is believed that the best strategy for cheap crypto coins is to buy and hold. However, make sure to dedicate part of your budget to other trading options so that you can learn them and improve your trading skills.
Benefits of cheap cryptocurrency
Many people, entering the crypto market, immediately turn to the most popular players, such as Bitcoin, Ethereum and others. However, they have already gained a lot of weight, having come a long way from the starting price. Therefore, there are several important advantages of cheap cryptocurrencies:
- The ability to buy a lot of coins for a small amount.
- In the long term, the cost of a cheap coin can grow by tens or hundreds of times. That is, even a $10 purchase can be an incredibly profitable investment.
- Buying lots of different cheap coins gives you a better chance of success. Some of them will definitely be able to develop their technologies, thereby increasing their cost and capital. This makes investing the least risky.
Where to Buy Cheap Crypto Coins?
You should also immediately take care of where you will store the coins. And pick up the best cheap cryptocurrency wallets – USB, web or app.
Basically, every online crypto exchange supports cryptocurrency trading, so your job is to pick one and open an account.
If you’re on a budget, aim for cheap crypto coins with potential rather than small amounts of expensive cryptos such as Bitcoin and Ethereum. However, not many exchanges out there offer cheap crypto coins for trade, as their primary focus is “major” cryptocurrencies.
Therefore, finding the right exchange might not be as easy as you think. The number of exchanges that offer all the crypto coins we’ll mention in this article is not so big. A great example of one such platform is Godex.io, as it offers crypto trading services and is suitable for those who want to focus on the best cheap crypto coins. The platform supports 200+ cryptocurrencies, including the popular ones, such as BTC, ETH, LTC, and more.
Which Cryptocurrency will explode in 2021?
We expect the growth of all cryptocurrencies in the new year, as the crypto market, in general, becomes stronger. Following the growth of Bitcoin, we see growing charts of almost all coins. Most likely, the trend will continue. However, we suggest you consider a few cheap coins that are best invested in now. Among them are Nem, Cardano, Stellar Lumens and Ravencoin.
Why is Cardano so cheap?
This is one of the most hotly debated issues. And the most popular and logical answer to the question is due to the fact that at the moment the technology is too poorly distributed, its development is quite slow. However, the potential for implementation is huge. It’s just going to take some time. Therefore, many experts believe that this coin is the best cheap cryptocurrency to buy now.
Which Cryptocurrency is best to invest now?
We have listed in this article a huge amount of cheap and best cryptocurrency to buy. But the most important thing is that now is the right time to invest in cryptocurrency. You can study the information and choose the one that seems most promising to you. However, to reduce the risks and increase the chances for the large financial success of the investments we recommend to consider at least one, and preferably a somewhat cheap amount of crypto coins. There are many chances that in the next year they will grow enormously in value. Not all of them, but many of them. So even a small investment in cheap cryptocurrencies will bring you a good profit.