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The 5 Best Cheap Crypto to Buy Now

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The 5 Best Cheap Crypto to Buy Now

In the volatile world of crypto investing, affordable coins with long-term upside potential offer an appealing entry point for those looking to dip their toes into the market. We’ve identified 5 enticing, budget-friendly cryptos currently trading under $1 that show promising utility.

Cheap Crypto to Buy

These affordable crypto tokens have remained under the radar but are promising projects that could bring impressive returns at their low prices. With the overall crypto market cap reaching trillions of dollars, cheap coins have lots of room for market cap and price increases.

This article explores the 5 best cheap crypto to buy now that are worth buying for 2023. We examine what gives each of these cryptos long-term investment upside despite their low prices.

The Best Cheap Crypto to Buy Now
1. Stellar Lumen (XLM) – A Cheap Crypto to Buy for Payments

One of the most affordable major cheap cryptos to buy at just $0.09 per token as of late 2023, Stellar Lumen facilitates fast, low-cost cross-border transactions through its decentralised payment network. Having processed over 6 million transactions to date, Stellar caters to developing markets and unbanked populations as a cheap crypto to buy via mobile integration in Africa, Philippines and Eastern Europe.

Recent upgrades enhanced scalability, speed, and energy efficiency as Stellar positions itself as an Ethereum alternative optimised for large payment volumes, having partnered with IBM, Franklin Templeton and MoneyGram. Future potential as a payments-focused cheap crypto to buy remains strong. Regulatory clarity in crucial Indian and Chinese markets during 2023 could also unlock significant user growth.

2. Cardano (ADA) – A Cheap Crypto to Buy for Smart Contracts

This research-driven blockchain founded by Ethereum co-founder Charles Hoskison brings academic rigor to the crypto sphere. Having launched smart contracts functionality after extensive peer review in 2021, Cardano now facilitates verifiable decentralized apps and DeFi programs as a robust cheap crypto to buy. Trading at $0.35 in late 2023, ADA has held its value better than most rivals amid the ongoing bear market through steadier, less speculative growth.

With layer-2 hyperscaling expected in 2024 enabling faster transactions, along with ongoing optimization by a global collective of engineers and scholars, Cardano aims to become the world’s top sustainably-powered smart contracts platform as a leading cheap crypto to buy. Energy efficiency gives it regulatory momentum. And at just a third of a dollar per ADA, huge upside potential lies ahead.

3. Polygon (MATIC) – A Cheap Crypto to Buy for Scaling Ethereum

As Ethereum gas fees skyrocketed in 2021 amid NFT mania, developers turned to Polygon to handle identity, payments, and settlements for Web3. This interoperable framework of scaling tools grafts onto the Ethereum blockchain as a faster, more affordable Sidechain Development Platform making it a top cheap crypto to buy with tokens trading around just $0.92 in late 2023.

From NFT minting to trading, gamified dApps, and token swapping, activity continues gaining steam. And recent funding rounds valuing Polygon at $10.5 billion with backers like Sequoia Capital show long-term confidence in its potential as a cheap crypto to buy. As Ethereum evolves toward even higher utility and demand, versatile ecosystems like Polygon acting as supplemental infrastructure have strong multiplier potential.

4. Chainlink (LINK) – A Cheap Crypto to Buy Bridging On and Off-Chain

Providing real-world data to smart contracts in a reliable way is crucial for DeFi and crypto adoption. That’s Chainlink’s specialty, pulling data through decentralized node operators about prices, local weather, election results or other events. This “blockchain middleware” helps dApps integrate with real-world infrastructure, making it a key cheap crypto to buy with tokens trading around just $6.30 in late 2023, massive headroom remains versus all-time-highs.

LINK utilization continues growing exponentially, now averaging 1.5 million requests daily as governments and corporations adopt Chainlink services. As demand expands across entities needing trustworthy inputs for contracts, Chainlink adoption should surge even further as a top cheap crypto to buy.

5. Ripple (XRP) – A Cheap Crypto to Buy for Global Finance

Sometimes controversial yet steadily building value, Ripple operates the XRP digital ledger facilitating international transactions for institutional clients including banks and payment providers. This financial focus aims far beyond crypto speculation toward mainstream global adoption. With each XRP token now trading near $0.35, affordable prices offer opportunistic buyers good value as a sturdy cheap crypto to buy.

Seemingly resolved 2022 SEC legal issues cleared the way for resuming XRP trading on key venues like Coinbase. Ripple’s robust technology continues gaining traction with institutions needing fast settlement. For patient investors, Ripple remains compellingly priced cheap crypto to buy.

Considerations for Investing in Affordable Cryptocurrencies

Here are some tips when investing in cheap cryptocurrencies:

  • Do thorough research on project utility to pick tokens with real technology value that can gain long-term adoption. Avoid meme coins without purpose.
  • Choose cryptocurrencies with solid development teams, community support, and transparency via code repositories.
  • Learn to understand cryptocurrency market cycles, including crypto winters and explosive bull runs. Prepare to hold through volatility and down markets.
  • Keep most holdings in established large cap coins like ETH and BTC then allocate a portion to higher risk small caps.
  • Use dollar cost averaging to take a long-term investing approach rather than betting on short-term speculation.
10 Cheap Cryptocurrencies that Could Explode in 2023

For adventurous investors seeking the highest risk/reward plays on cryptos, these ultra-affordable tokens have major upside potential in 2023 if they gain traction:

  1. Quant (QNT)
  2. Axie Infinity (AXS)
  3. The Graph (GRT)
  4. Loopring (LRC)
  5. Basic Attention Token (BAT)
  6. Arweave (AR)
  7. THORChain (RUNE)
  8. Kava (KAVA)
  9. Secret (SCRT)
  10. Nexo (NEXO)

These 10 cryptos trade under $10, with several under $1. Look for projects showing strong technology development and adoption activity. The low prices leave lots of space for explosive 10x or even 100x possible multipliers.

Conclusion

Finding the next breakout cheap cryptocurrencies with parabolic upside represents life-changing investment returns potential. But huge rewards don’t come without risks. Always invest based on project fundamentals rather than hype and manias.

With strong utility and real-world usage, affordable crypto tokens like Cardano, Polygon, Stellar, and Uniswap have tremendous growth runways ahead at their current prices under $1. The key is identifying and buying these small projects early before the rest of the world takes notice.

FAQs

What is the best cheap cryptocurrency to invest in right now?

Cardano has some of the best fundamentals and technology plus a cheap price of $0.35, giving it excellent long-term investment upside potential. Polygon, Stellar Lumens, and Uniswap also provide great value plays on leading crypto sectors at affordable prices.

Is it worth buying cryptocurrency with low value?

Yes, cheap cryptocurrencies can bring huge returns. With the crypto market cap in the trillions of dollars, even small projects have room to capture billion dollar valuations. Buying at lower token prices allows for more upside. But stick to quality projects with strong technology, not just temporary fads.

What cryptocurrency under $1 should I buy?

Top cryptocurrencies under $1 to buy include Cardano, Stellar Lumens, Polygon, Quant, The Graph, Loopring, and several others. These offer solid utility for global payments, DeFi, NFTs, decentralized networks, and more. Their sub $1 token prices leave lots of room for major long-term price increases.

Should I buy Cardano ADA?

Yes, due to Cardano’s strong technology, active ecosystem development, and real-world applications, its native token ADA is a top crypto to buy at $0.35 for 2023. As a smart contracts platform, it aims to challenge Ethereum with far greater scalability and lower fees. Investing in ADA provides inexpensive exposure to a top 10 crypto project.

Is Polygon a good investment?

Polygon looks very promising as its network processes over 3 million daily transactions as the leading Layer 2 scaling solution for Ethereum. By making Ethereum faster, cheaper, and more scalable, Polygon and its MATIC token have built-in demand drivers as adoption exponentially grows. MATIC remains a good investment for DeFi and Web3 exposure.

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