Investors that are trying to diversify their portfolios have been drawn to a few main cryptocurrencies, like Bitcoin (BTC), Ethereum (ETH), and Binance coin (BNB). While many developing businesses are starting to take cryptocurrencies as acceptable forms of payment, at this current moment in time it seems to be ideal for investing in cryptocurrencies, depending on your budget.
Many individuals, however, are likely unaware that Bitcoin and its giants are not the only cryptocurrencies available. If you feel you are ready to invest in cryptocurrency, here are six low-cost choices that might provide high profits in 2022.
XRP
XRP, created by Ripple, is a blockchain firm that enables worldwide transactions, it is an open-source cryptocurrency that employs the XRP Ledger. This distributed ledger is open source, therefore highly accessible. Ripple (XRP) is designed for payments and can process transactions quicker, more reliably, and at a lower cost. There is a considerable amount of people who use this cryptocurrency to transfer money across borders.
FRPN
FIREPIN Token (FRPN) is a newly formed cryptocurrency that has aim of hosting a games platform for the Metaverse. It plans on being a reserve currency for future Metaverse projects that will focus on fun and actively enjoyable play-to-earn (P2E) games.
FIREPIN Token’s pre-sale has only been live for a week and yet the early buyers have already achieved 100% growth on their investments. With a few weeks left on this pre-sale, there is potential for this cryptocurrency to reach triple digits in profit if joined at this point in time.
VET
VeChain (VET) is the cryptocurrency for the aptly titled the “VeChain Thor Blockchain”, and it is used to move value throughout the network. The Blockchain, which employs distributed ledger technology, was created primarily for supply chain management and commercial activities. It may not be as attention-grabbing as a meme token but it does have incredible use case potential with a good future outlook.
DOGE
This fan-favorite of Elon Musk is at less than $0.12 per coin as of writing this article, the coin is undoubtedly “affordable,” particularly when contrasted to its 52-week peak of $0.73. The price is currently down more than 50% from a year ago. Some online sentiment seems to think that the DOGE has had its day. However, this could be potentially a good buy or just the beginning of a further drop.
ADA
Cardano is one of the more popular cryptocurrencies due to its adaptive network and rapid transactions. Cardano was created by Charles Hoskinson who is the co-founder of Ethereum (ETH).
Its primary selling qualities are scalability, interoperability, and sustainability. Some say this comes at the cost of certain amounts of decentralization being lost. Cardano has always been a corporation that takes its time and works in stages, due to its scientific background. It does have a solid foundation of people who believe in the company and their investment.
LINK
Chainlink is an Ethereum token that funds the decentralized Chainlink oracle network. This network is used to connect to APIs, external data sources, and payment systems in a secure way. Chainlink’s price has been fluctuating up and down, but it is presently trading at $14.70, down roughly over 30% in a year, providing investors with a chance to purchase low.
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