Crypto coins are extremely volatile and can become shitcoins in a matter of time even though some have stayed on top for long.
Crypto investors are always on the lookout for surging cryptocurrencies, regardless of where those digital assets end up. Asides Bitcoin, Ethereum, Dogecoin and other popular coins that are becoming popular, other cryptos are also climbing up the ladder.
In this article, we’ll look at some of the cheapest coin in the crypto market whose price may surge in the next few months. There are over a thousand coins and out of these, we’ve listed 5.
Top 5 Cheapest Crypto Coins To Consider In 2022
Here are some crypto coins you can consider if you want to diversify your portfolio high-risk and high-reward assets;
1. Monero (XMR)
Monero was introduced in 2014 with one simple goal in mind: to make transactions as private and anonymous as possible. Although all cryptocurrencies are technically private, at least in comparison to fiat money, some of them still make it possible to track transaction history and who sends what crypto where. Privacy coins like Monero, however, can facilitate secure payments. This token has a few things going for it: first of all, it has a solid market capitalization (as of October 15, XMR is ranked 37th on CMC). Secondly, as a privacy coin, it doesn’t directly compete with industry giants such as Ethereum or Bitcoin. Last but not least, it has managed to survive the massive sell-off in May 2021 without dropping to its 2020 price level. XMR is ranked 43rd with a market cap of $3.50 billion.
2. VeChain (VET)
VET is one of the two in-house tokens of VeChain, a blockchain-powered supply chain platform. The VeChain project has quite ambitious goals, aiming to solve the major issues the supply chain industry suffers from with the help of an ecosystem created using distributed governance and the Internet of Things (IoT) technology. VeChain’s experience and established reputation can help it to pull ahead of the competition. The platform’s efficiency, traceability, transparency, and the reduced cost makes it one to consider. If this project manages to become a major player in the supply chain industry, its native token VET could rise in price quite significantly. This token is ranked 29th with a market cap of $5. 57 billion.
3. Stellar (XLM)
Stellar is an open network that allows users to move and store money in a highly efficient way. This crypto coin’s native token, is a very viable option for payments — its network can process anywhere from one to five thousand cryptocurrency transactions per second. Additionally, it has extremely low transaction fees, with each operation costing exactly 0.00001 XLM. Thanks to its in-built KYC functionality, Stellar is an incredibly secure digital token and cannot be used in money laundering. This means that it is more likely to be favored by institutional investors, which, together with the other functions XLM provides, for example processing global transactions, makes this coin a good long-term investment. XLM is ranked 24th with a market cap of $6.78 billion.
4. Cardano (ADA)
Cardano (ADA) is an open-source decentralized blockchain platform and one of the leading dApp hubs. It supports smart contracts functionality and has implemented DeFi services in September 2021. Cardano is one of the largest cryptocurrencies in 2021 and might not slow down in 2022. Cardano uses less energy than BTC and ETH. This has attracted investors who can stake the token to receive interest on their investment through epoch payments. ADA is one token you should consider buying before 2022. Cardano is ranked 6th with a market cap of $43.54 billion.
5. Hedera Hashgraph (HBAR)
Hedera Hashgraph is often called a “trust layer of the Internet.” It is a public network that lets businesses and individuals build dApps. It was launched in 2009 and has since been climbing up the crypto ladder. This token has a solid technical foundation, excellent utility, and a high market capitalization. These and other features make it a promising digital currency you can buy before 2022. HBAR is ranked 36th with a market cap of $4.59 billion.
Also Read: How To Make Money With Bitcoin
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