Look out for these cryptocurrencies that are cheap but have great potential in 2022

Cryptocurrencies are all in rage these days, particularly with speculative investors. What earlier used to be a fringe investment is now at the front and center of the financial revolution. Even top international and national press institutions keep a close eye on the daily movements of the crypto coins and other digital currencies. Bitcoin, being one of the most popular currencies, is recognized and trusted by almost everyone. But new investors are always looking for affordable and cheap cryptocurrencies to invest in. Keeping in mind that the crypto market is considered to be extremely volatile, these investors hesitate to risk it all the first time. So, in this article, we have listed the top low-cost cryptocurrencies with great potential that investors can buy in 2022.

XRP

Current Price: US$0.6488

XRP is an open-source cryptocurrency that uses an open-source distributed ledger called the XRP ledger. It is the native coin of Ripple, which is an enterprise blockchain company that facilitates global transactions. The creators claim that XRP was built for payments and can settle transactions faster than most other cryptocurrencies securely and efficiently.

Cardano

Current Price: US$0.8438

Cardano is a research-based cryptocurrency built by engineers, mathematicians, and cryptography experts. It is open-sourced and decentralized, with consensus achieved using proof-of-stake. It can also facilitate peer-to-peer transactions with the ADA token.

Polkadot

Current Price: US$17.09

According to its creators, the DOT token primarily serves three main purposes, which include providing governance for the network, operating the network, and creating parachains by bonding Polkadot tokens. The crypto has roughly gained 468% this year and continues to remain one of the low-cost cryptocurrencies with great potential in 2022.

Dogecoin

Current Price: US$0.1421

Dogecoin originated something out of a joke, but it quickly became quite real for those who are profiting from it. The current DOFE price is about 4,889% higher since the beginning of the year. Along with its success and affordability DOGE makes it a lucrative career option. Earlier this year, DOGE rose to prominence after Musk’s tweet, which reassured his support towards this crypto, enabling it to gain real profits.

Shiba Inu

Current Price: US$0.00002349

Shiba Inu is another meme cryptocurrency that is also one of the biggest rivals of Dogecoin. Despite its whimsical beginnings, SHIB has managed to gather a growing and faithful community, which is also one of its biggest selling points. The community has also created an NFT project around SHIB that has enabled it to gain more attraction from investors.

Avalanche

Current Price: US$70.65

Avalanche is an Ethereum competitor that facilitates decentralized applications and the creation of custom blockchains on its ecosystem. Also, quite recently AVAX reached a record high value, overtaking several major cryptocurrencies. Although it is launched in 2020, Avalanche has shown great potential to grow.

Terra

Current Price: US$89.34

Terra is one of the newer cryptocurrencies that is making headlines due to its recent successes. Just like Avalanche, Terra jumped over several cryptos in a single day and achieved a position among major cryptos for a short while. Experts believe that LUNA’s recent launch of the Columbus-5 upgrade, the protocol’s upgrade to the IBC standard that opens up Terra to the Cosmos ecosystem, and the increase in DeFi applications have led to the recent growth of the crypto.

Polygon

Current Price: US$1.27

Polygon Matica is a framework and a protocol for building and connecting Ethereum-compatible blockchain networks which aggregate scalable solutions on Ethereum’s supporting ecosystem. Polygon creators have broadened their vision and reach by updating their system and bringing in metaverse designs and integrating the MATIC Plasma chain.

VeChain

Current Price: US$0.05216

VeChain is the currency of the VeChain Thor blockchain, and it is considered the perfect choice for investors who want to invest in affordable, yet potential cryptocurrencies. VeChain facilitates the management of supply chains and other business processes.

Decentraland

Current Price: US$1.86

Decentraland is the token behind an Ethereum blockchain-based virtual reality game by the same name. The crypto has been described as a 3D virtual world where users buy land on which to develop and monetize content, buy goods and services and visit other properties.