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Crypto

Cheap Crypto to Buy Now: Five Tokens With a Lot of Upside Potential

Despite its ebbs and flows in value, Bitcoin has proven to be an incredible investment for those that got in early. But it’s expensive. So that has a lot of investors looking for cheap crypto to buy. The reason is simple…

Since its initial coin offering (ICO), Bitcoin has seen one of the largest returns on investment of any of the legit cryptocurrencies out there. But compared to some altcoins, it’s lagged behind in returns of late. Ethereum, for instance, has outpaced it by a fair margin. And Solana has left it in the dust since we began looking at it this year.

someone picking out which cheap crypto to buy on a smartphone

Bitcoin acts as a sort of ceiling to much of the crypto market. Afterall, it’s the granddaddy of all cryptos. And even despite recents dips in value, it’s proven to be a respectable investment. But there’s a lot more room for growth in many of the cheaper cryptos out there.

That being said, just because they’re cheap, doesn’t mean they’re going to go up in value. There are also plenty of scams out there. As we saw with the now notorious Squid Game crypto, what goes up can all too quickly come back down and vanish.

That’s why it’s so important to look at the use case of a given coin. But even if the whitepaper looks good and there is something interesting going on beyond the token’s value, virtually no crypto is a sure bet. And there are some tricks to trying to avoid a crypto scam. But it’s vital to never invest more than you’re willing to lose in a given crypto. No investor should ever lose their life savings on an investment. And the most surefire way to do that is not betting your life savings on a single investment. So keep that in mind when considering this list of cheap crypto to buy.

Cheap Crypto to Buy Today

Cardano (ADA)

With a market cap around $65 billion, Cardano isn’t exactly a small fry in the crypto community. But this cheap crypto to buy is currently trading around $1.25 a coin. So it’s certainly on the low-cost side of things. But it’s also proven its ability to stand the test of time. It was launched in 2017. And it’s often billed as a third-generation blockchain.

Developers designed Cardano to compete directly with the likes of Bitcoin and Ethereum. And it’s quite good at it. It’s proven to be more scalable and efficient compared to the previous generations. While not quite a household name yet, Cardano has a proven use case. And it’s also among the only peer-reviewed blockchain platforms in the industry.

Basic Attention Token (BAT)

This is a noticeably smaller crypto in terms of market cap than Cardano. It’s also slightly cheaper. Also launched in 2017, this cheap crypto to buy is built around the privacy-focused web browser, Brave. To be fair, BAT has its work cut out for itself. It’s competing against the likes of Google Chrome, Firefox and the like. But that doesn’t mean it won’t make some headway.

Brave blocks ads and tracking by default (we like that a lot). But users who agree to see ads can join a program that pays them in BAT in exchange for viewing them. And digital marketers also use BAT to pay for ads on the Brave browser. They’ve built up a pretty self-reliant ecosphere. But this is still more of a speculative crypto. Its use case is solid. But it’s going up against some Silicon Valley titans. However, if adoption grows, this cheap crypto to buy won’t be cheap for long.

Keep Reading This Article and Find Out the Top 3 Cheap Crypto to Buy Now!

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About

Matthew Makowski is a senior research analyst and writer at Investment U. He has been studying and writing about the markets for 20 years. Equally comfortable identifying value stocks as he is discounts in the crypto markets, Matthew began mining Bitcoin in 2011 and has since honed his focus on the cryptocurrency markets as a whole. He is a graduate of Rutgers University and lives in Colorado with his dog, Dorito.

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