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Top 10 Cryptocurrencies to Buy for US$5 in 2022

Top 10 Cryptocurrencies to Buy for US$5 in 2022
Written by publisher team


by Adilin Beatrice
January 14 2022

These cryptocurrencies are cheap and profitable in the long run

Although 2021 was an eventful year for cryptocurrencies, 2022 brought more challenges to the field. Even popular digital tokens like Bitcoin and Ethereum have been struggling to make ends meet since the beginning of the year. While cryptocurrencies are an interesting investment model, they do come with severe risks and volatility. Therefore, experts have always suggested that cryptocurrency investors spend a minimum amount of money on digital tokens. For example, only 5% of a person’s savings portfolio should contain cryptocurrencies. Because everything is unpredictable in the virtual domain. Just three months ago, Bitcoin and Ethereum hit record highs of $68,500 and $4,800, respectively. But today, BTC drops to the death cross. Once Bitcoin falls under the hard radar, other cryptocurrencies will eventually take the hit. However, some cryptocurrencies are gaining prominence when BTC is on the decline. Cryptocurrency investors can choose these affordable digital tokens which will serve as a great investment source. In this article, Analytics Insight lists 10 of these amazing cryptocurrencies that can be purchased for just $5. These cryptocurrencies are cheap and make profits in the long run.

Best cryptocurrency to buy under $5

Cardano

Besides being a direct competitor to Bitcoin, Cardano is also emerging as a major “Ethereum killer” in 2022. Its easy transaction methods and low fees make it direct via Ether in the market. Another thing that makes Cardano thrive is its internal mechanism that mimics the Ethereum network. Charles Hoskinson, co-founder of Ethereum is the founder of Cardano. Therefore, he comes with knowledge of Ethereum along with his blockchain skills. At the time of writing, Cardano’s market capitalization is $41 billion.

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Polygon is a futuristic platform that has Ethereum compatibility. Its token called “MATIC” is used for governance, warehousing and gas costs. The network creates interconnected blockchains and also helps investors overcome some of the complex Etheruem issues. The Polygon architecture is isolated by Etheryem, security, Polygon Networks, and the Execution layer.

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Tether is another Ethereum coin that experiences less volatility. It is also called the top stablecoin Tether, and it is pegged to the US dollar. Therefore, you can buy Tether coin with just one dollar. However, stablecoin may seem strange to some investors. The whole point of many cryptocurrencies is to reap huge benefits for buyers. On the other hand, Tether is here to make profits for long-term token holders.

Shiba Inu

Shiba Inu is one of the popular memecoin cards that popped up in 2021. For a long time, Dogecoin remained as the best meme currency without much competition. However, SHIB, another memecoin, emerged from online jokes that went viral in 2013. Shiba Inu recorded over 17,000% growth in 2021 alone after a Change.org petition circulated asking Robinhood to add SHIB to her wallet. It also outperformed Dogecoin for a while.

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Stellar is a stand-alone payment platform promoting its own cryptocurrency called “Stellar Lumens”. The objective of the network is to provide easy transaction methods for financial institutions. Even large transactions can be made smoothly in an instant. Although Stellar Lumens has been extremely volatile since its launch, the cryptocurrency has doubled in value in 2021.

Dogecoin

Two years ago, no one must have believed that the Shiba Inu-driven coin could bring in huge profits. But today, Dogecoin, the first memecoin to emerge as a major choice for cryptocurrency investors. Launched in 2013, DOGE held a low position for a long time before hitting the mainstream in 2020. After Bitcoin rose to prominence, it shed some light on Dogecoin. Today, DOGE has a large number of honorable followers led by famous names such as Elon Musk and Mark Cuban.

Tera

Terra is a network that uses its LUNA token to guarantee payments. It uses stabecoins pegged to fiat currencies to facilitate the global payment system. Currently, Terra has a market capitalization of $27 billion and it is one of the best performing coins in the market.

ripple

Ripple has created a digital token called “XRP”. The platform is well known for its ability to exchange between fiat and cryptocurrencies. Its association with central authorities and financial institutions makes XRP a unique way to invest. Ripple has gained fame over the years. However, the platform was subjected to public prosecution by the Securities and Exchange Commission. If the lawsuit ends in favor of XRP, the value of the digital token will increase exponentially.

Binance coin

Many cryptocurrencies experienced massive growth after the bullish run of 2017 only to face price drops later. But Binance Coin is a digital token that became familiar in 2017 and maintained a slow and steady upward trend even after the bull run ended. This is another stablecoin that is doing well in the market.

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Chainlink is an attractive and affordable cryptocurrency. Chainlink has recorded steady growth over the years. Investors believe that the digital token has much greater potential than what we see today. They say it is in the early stage of adoption and will reach extreme levels in the coming years.

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