Best Cheap Cryptocurrency to Buy
When it comes to investing in crypto, or buying more, the price always counts. When prices go up, that’s often a good time to cash out and benefit from the price fluctuations.
If you wonder what is the best cheap cryptocurrency to invest in, then you’ve come to the right place! In this article, we’ll look at the best crypto to buy — so it would be useful if you’re searching for undervalued cryptocurrency options or would like to buy some crypto that is cheaper than the mainstream ones.
Strong future outlook for cryptocurrency
At present, the price of 1 Bitcoin (1 BTC) is slightly below $60,000. Many are expecting it to exceed $100,000 at some point, and there are certain predictions it could even reach $130,000.
One of the things that makes Bitcoin so attractive is its reduced volatility. Today, banks started including crypto in the investment portfolios. Also, institutional and individual investors are now much more comfortable about it as an asset class, so its volatility will probably continue levelling off.
According to Bitcoin.com, JPMorgan is expecting some kind of alignment between the value of gold and that of Bitcoin. Both are pretty safe even in spite of the present economic uncertainty, even though Bitcoin is much younger. Moreover, JPMorgan analysts say: “Mechanically, the Bitcoin price would have to rise [to] $130,000, to match the total private sector investment in gold.”
More businesses are now investing in cryptocurrency to move their cash off the balance sheet. Some other businesses (Tesla) are using it as an investment vehicle, and this is definitely getting a positive impact on the price of Bitcoin and other cryptocurrencies.
Here’s a list of the ten largest cryptocurrencies (based on their price and market cap): Bitcoin (BTC), ETH, Cardano (ADA), Binance Coin (BNB), Tether (USDT), Polkadot (DOT), Ripple’s XRP, Uniswap (UNI), Litecoin (LTC) and Chainlink (LINK). Let’s look at some of their cheap alternatives that can liven up your crypto portfolio!
5 best cheap crypto to buy in 2021
#1: Cardano (ADA)
Cardano (ADA) is currently trading at $1.20 with a market cap of $38.55 billion. It has already reached several all-time highs, which is definitely a positive sign of the markets reacting really well to this coin.
Cardano’s popularity may be explained by the fact that whenever its team implements something new, it always works smoothly. Thanks to it, this crypto went from outside of the top lists to the third largest currency in a matter of days.
The Cardano network is also famous due to having special smart contracts enabling creating dApps and new cryptocurrencies as well as working within the DeFi sector. The ADA team is heading towards full decentralisation and looking for fast and scalable solutions. It goes without saying: ADA is full of enormous potential.
#2: THETA (THETA)
THETA is the fifteenth largest cryptocurrency, according to market capitalisation lists. This project has grown quickly thanks to the blockchain it’s built on — the largest end-to-end infrastructure for decentralised video streaming.
THETA has been growing impressively since the start of 2021, but it is still one of the most attractive cheap cryptocurrencies to buy. It was only trading at $0.74 in mid-December of 2020, but has reached an all-time-high of $7.59 within just a few months.
#3: Uniswap (UNI)
Uniswap (UNI) is a native coin of the like-named world’s largest decentralised exchange. It started surging in 2021, partly thanks to the Uniswap exchange becoming one of the pioneers in margin trading. The price started around $4.45 after launching, and then reached $33.54 on March 8, 2021. Currently, Uniswap is pretty cheap — and this is definitely one of the best altcoins to invest in.
#4: Dogecoin (DOGE)
Dogecoin might have started its life as a joke coin that emerged in 2013. However, it’s outlived the original meme and jumped into the top 10 list in 2021.
At one point earlier this year, DOGE went from $0.007635 to an all-time high of $0.074398. This happened partly thanks to the Reddit activity focused on the GameStop frenzy and Elon Musk.
Since DOGE is yet to hit $1, it is likely to be an undervalued and therefore worthwhile crypto to put money in. As a penny crypto, it’s worth investing just a little at this stage; later on, you will be able to check if it would bring you some decent benefit.
#5: Terra (LUNA)
LUNA is an impressive project with the team that worked out a decentralised way to mine stable cryptocoins (stablecoins) pegged to fiat currencies.
LUNA is an affordable currency that experienced a huge jump from $0.648657 in January to $20.74 in March. This is another cheap crypto we fully expect to become more valuable in time.
Although we know there are hundreds of altcoins, most of them are still pretty dependent on the market leaders’ fluctuations. With the coins mentioned above, that isn't always the case, so both professional investors and those who trade crypto for fun can consider them worth investing.