Small Cryptos to Invest In: Five Tokens to Add to Your Digital Billfold
There’s plenty to choose from in the cryptocurrency markets. There are the big boys like Bitcoin and Ethereum. Then there are altcoins like SafeMoon that trade for a fraction of a cent. And of course, there’s plenty in between. Even though you can start investing in any of them with just a couple of bucks, we’re going to look at five small cryptos to invest in for those that want a whole token’s worth of crypto.
Now, keep in mind, one man’s cheap can be another man’s expensive. So our list of small cryptos kept the price under $200 a token. That being said, there are some on our list well below that mark. In fact, we’ve included one coin that’s trading under a buck. And others that can be purchased for just a couple of bucks. We’d like to think there’s an investment opportunity on this list for everyone.
So without further ado, here are five small cryptos that folks can invest in… All of which can be pretty easy to find on most major exchanges.
Five Small Cryptos to Invest in Today
5. Cardano (ADA)
First on our list is Cardano (ADA). This coin is actually the largest in terms of market cap on our list. In fact, in terms of market cap, Cardano is only smaller than Bitcoin, Ethereum, Binance Coin and the stablecoin Tether. Nonetheless, it’s still on the small end of the spectrum in terms of price and name brand recognition.
This is an interesting project for several reasons. For starters, it was founded by one of the co-founders of Ethereum. Furthermore, there’s a cap on how many of these coins will ever be in existence (45 billion). This should keep a good balance on supply and demand. And once maximum circulation is hit, the value should only climb. Additionally, this native currency on the Cardano blockchain uses a proof-of-stake protocol. This process is far more energy efficient that Bitcoin’s proof-of-work algorithm. And at just $2 a coin (for now), this is one of the cheapest small cryptos to invest in on our list.
4. Solana (SOL)
On the other end of the price spectrum is Solana. This one’s trading at just under the $200 mark. This is also one of the newest coins on our list. It was launched in April 2020. But for the better part of the year resided in the land of obscurity. When we first started reporting on Solana, you could pick it up for about $4 a pop. That should give you some idea as to just how explosive this coin can be. And it’s still far from full maturity.
Solana is a project with a focus on decentralized finance (DeFi). Its censorship-resistant blockchain is gearing up to be the gold standard in terms of transaction processing. At last check, it was able to process 50,000 transactions per second. And it’s able to do so for just $0.00001 per transaction. By comparison, that’s roughly 10,000 times the transaction speed of Ethereum. And at a fraction of the cost to boot. That’s why it takes a prominent space on our list of five small cryptos to invest in.
3. Internet Computer (ICP)
Internet computer has seen some major price fluctuations in its brief existence. But it appears to have settled in around the $40 mark. At least for now. What we like about ICP (not to be confused with the Juggalo favorite, Insane Clown Posse) is what it’s striving for. There are a whole lot of tokens out there that are nothing more than gambits to get rich from. But the vision behind ICP is the creation of a decentralized internet.
Obviously, this is a huge project. But the implications could be just as momentous. And that’s what earned this token’s place on our list of small cryptos to invest in. The goal here is to take the power out of the hands of a handful of mega corporations. You can get down and dirty with its whitepaper here. But a simplified explanation is that this token acts as a governance tool. It’s also a way into the new system being built. In theory, this new technology will allow holders to directly install their code onto the public internet. This without tapping into the centralized (and monopolized) servers of Amazon Web Services or the like.
While there are still a lot of questions about timelines and adoption, as a speculative investment with a lot of promise behind it, ICP makes a lot of sense.
2. Wilder World (WILD)
Wilder World is by far the newest token on our list of small cryptos to invest in. It’s also one of the more speculative. So proceed with caution. But what we like about it is that it acts as the governance token of Wilder. This is an immersive 5-dimension metaverse built on the Ethereum blockchain.
In this metaverse that’s being created, artists can sell NFTs. Users can collect digital vehicles and race them. They can also collect digital shoes, houses and land in this epic-looking online community. You can take a quick peek at it here. And naturally, WILD is the native currency used in this metaverse. And this outfit was building this world long before Facebook decided to go all-in creating a metaverse of its own. So we give it bonus pints for originality.
1. Dogecoin (DOGE)
Dogecoin is the crypto that investors love to hate. And to be clear, we get why. Its tokenomics don’t really make much sense. There’s pretty much an unlimited supply of it. More Dogecoin is being minted everyday than can possibly be purchased. And yet, the price continues to ebb and flow. At the time of writing this, Dogecoin shot up more than 20% in a single day. There aren’t many investments out there that can pull off that kind of quick rise.
That being said, this one’s a little different than the other small cryptos to invest in on this list. We don’t recommend a buy-and-hold approach. More likely than not, this crypto will drop just as quickly as it rose. But therein lies the opportunity. Timing your investment right could pay off pretty sweetly. When the bottom appears to have dropped out, it could be worth a buy. And then it’s just a matter of waiting for it to rise again… Which appears to happen every couple of months. This would of course require a more active trading strategy. But it’s one that could be pulled off several times a year.
The Bottom Line on These Small Cryptos to Invest In
Crypto has proven to be one of the most explosive investment opportunities out there. But with that explosiveness comes a fair amount of risk. While we don’t think any of these tokens are going to fall off the face of the Earth anytime soon, price fluctuations are likely. And they all come with some degree of uncertainty. Nonetheless, as far as possibilities go, these are five tokens with some of the most upside potential we’ve seen.
If you’re looking for more cryptocurrencies like this with just as much a chance of going “to the moon,” we suggest signing up for Manward Financial Digest. In it, crypto expert Andy Snyder helps investors traverse the uncertain seas of the crypto-verse… While pointing out the next-generation tokens poised to revolutionize the way we do business. And all you have to do is enter your email address in the box below to get started.
About Matthew Makowski
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.