By Sayantani Sanyal
December 19 2021
Cryptocurrency It is gaining huge momentum lately with new investors entering the market almost every day
Cryptocurrencies are all in a rage these days, especially with speculative investors. What was once a marginal investment is now at the front and center of the financial revolution. Even the best international and national press organizations closely monitor the daily movements of cryptocurrencies and other digital currencies. Bitcoin is one of the most popular currencies that are recognized and trusted by almost everyone. But new investors are always looking for affordable and cheap digital currencies to invest in. Considering that the cryptocurrency market is considered highly volatile, these investors are reluctant to take risks with it the first time around. So, in this article, we have listed the best affordable cryptocurrencies that investors can buy before they explode in 2022.
XRP is an open source cryptocurrency that uses an open source distributed ledger called the XRP Ledger. It is the original currency of Ripple, an enterprise blockchain company that facilitates global transactions. The creators claim that XRP is built for payments and can settle transactions faster than most other cryptocurrencies, safely and effectively.
Cardano is a research-based cryptocurrency created by engineers, mathematicians, and crypto experts. It is open source and decentralized, with consensus being reached using Proof of Stake. It can also facilitate peer-to-peer transactions using the ADA token.
According to its creators, a DOT token mainly serves three main purposes, which include providing governance for the network, operating the network, and creating parachains by linking Polkadot tokens. The cryptocurrency has gained nearly 468% this year and remains an affordable cryptocurrency with great potential for 2022.
Dogecoin grew out of something of a joke, but it quickly became completely real for those who profit from it. DOFE’s current price is about 4,889% higher since the beginning of the year. Besides success and affordability, DOGE offers a lucrative career option. Earlier this year, DOGE rose to prominence after Musk’s tweet reassured his support for the cryptocurrency, enabling it to generate real profits.
Shiba Inu is another cryptocurrency that is also one of Dogecoin’s biggest competitors. Despite its strange beginnings, SHIB has managed to amass a growing and loyal community, which is also one of its biggest selling points. The community also created an NFT project around SHIB which enabled it to gain more traction from investors.
Avalanche is an Ethereum competitor that facilitates decentralized applications and the creation of a custom blockchain on its ecosystem. Also, AVAX recently reached a record high, outperforming many major cryptocurrencies. Although launched in 2020, the avalanche has shown great potential for growth.
Terra is one of the latest cryptocurrencies to make headlines due to its recent successes. Just like Avalanche, Terra jumped above many cryptocurrencies in one day and achieved a spot among the major cryptocurrencies for a short time. Experts believe that LUNA’s recent launch of the Columbus-5 upgrade, the protocol upgrade to the IBC standard that opens Terra to the Cosmos ecosystem, and the increase in DeFi applications have led to the recent growth in crypto.
Polygon Matica is a framework and protocol for building and interconnecting Ethereum-compatible blockchain networks that aggregate scalable solutions on the Ethereum-powered ecosystem. Polygon’s creators have expanded their vision and reach by modernizing their system, introducing metaverse designs, and integrating the MATIC Plasma Series.
VeChain is the VeChain Thor blockchain coin, and is the perfect choice for investors who want to invest in affordable and potential cryptocurrencies. VeChain facilitates the management of supply chains and other business processes.
Decentraland is the token behind the Ethereum blockchain-based virtual reality game of the same name. Cryptography has been described as a 3D virtual world where users buy land to develop and monetize content, purchase goods and services, and visit other real estate.
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