Cryptocurrencies, which used to be a “fringe” investment, have now become a hot topic around the world. We hear people talking about Bitcoin every day. Of course, Bitcoin is not the only cryptocurrency out there. In fact, there are tons of other cryptocurrencies to invest in. If you want to earn profit from crypto but don’t have a big budget, check out 5 cheap options on this list.
1. Dogecoin (DOGE)
Price today: $0.238
The fact has proven that even after not being taken seriously, Dogecoin can still stand on the market. Dogecoin (DOGE) is based on the popular meme “doge” and features a Shiba Inu on its logo. CEO Tesla Elon Musk posted several tweets on social media that Dogecoin is his favorite coin. Although it is still controversial about the legitimacy of this coin, Dogecoin continues to have its share of market value.
2. Polygon (MATIC)
Price today: $1.54
Polygon is a Ethereum-compatible blockchain interoperability and scaling platform. Its token MATIC is used to manage, staking, and cost gas. Polygon is a framework for creating interlinked blockchain networks. It uses a revolutionary sidechain solution to overcome some of Ethereum’s major shortcomings, such as throughput, poor user experience (high speed and delayed transactions), and lack of community control.
3. Tether (USDT)
Price today: $1.00
Tether is considered the brainchild of those who thought that the crypto market was volatile and unsettling. Known as the foremost stable coin, Tether is pegged to the US dollar and is less volatile than Bitcoin. This alone makes it the best alternative to Bitcoin. Launched in 2014, Tether allows users to experience the blockchain network while encrypting their investments against major price surges and drops.
4. VeChain (VET)
Price today: $0.1433
VeChain (VET) is a blockchain-powered supply chain platform. Launched in June 2016, VeChain aims to use distributed governance and Internet of Things (IoT) technology to create an ecosystem that solves some of the big problems in supply chain management. The platform uses two in-house tokens (VET and VTHO) to manage and create value based on its VeChainThor public blockchain. The idea is to increase efficiency, traceability and transparency of the supply chain while reducing costs and putting more control in the hands of individual users.
5. Cardano (ADA)
Price today: $1.85
Since its launch in 2015, Cardano has become a strong player in the market with the Ouroboros blockchain, which means there are two blockchains instead of one. More specifically, one blockchain will manage general ordinary transactions while the other will manage smart contracts. The logic behind this is that Cardano’s ability is still scalable and fast because the two types of transactions won’t slow it down.
Note that there is no guarantee you will make a profit, so you should consider carefully or consult your financial advisor before investing in any cryptocurrency.