Investing ensures present and future financial security. It allows you to grow your wealth and at the same time generate inflation-beating returns. You also benefit from the power of compounding. In this technology-driven world, cryptocurrencies are the hottest investment option. The cryptocurrency market has grown leaps and bounds since the emergence of the first cryptocurrency. Millions of investors strive to keep track of blockchain-driven cryptocurrencies that might explode in the future to gain maximum profits in between periods of volatility in the market. If you are one of those investors who are looking for affordable cryptocurrencies with lots of potential, then this article is for you. Here are the top 10 best low-cost cryptocurrencies to buy before 2023 begins.
Current Price: US$0.4851
XRP is an open-source cryptocurrency that uses an open-source distributed ledger called the XRP ledger. It is the native coin of Ripple, which is an enterprise blockchain company that facilitates global transactions. The creators claim that XRP was built for payments and can settle transactions faster than most other cryptocurrencies securely and efficiently.
Current Price: US$0.4457
Cardano is a research-based cryptocurrency built by engineers, mathematicians, and cryptography experts. It is open-sourced and decentralized, with consensus achieved using proof-of-stake. It can also facilitate peer-to-peer transactions with the ADA token. It is one of the best low-cost cryptocurrencies to buy before 2023 starts.
Current Price: US$6.32
According to its creators, the DOT token primarily serves three main purposes, which include providing governance for the network, operating the network, and creating parachains by bonding Polkadot tokens. Crypto has a lot this year and continues to remain one of the low-cost cryptocurrencies to buy before 2023.
Current Price: US$0.0616
Dogecoin originated something out of a joke, but it quickly became quite real for those who are profiting from it. The current DOGE price is about 4,889% higher since the beginning of the year. Along with its success and affordability, DOGE makes it a lucrative career option. Earlier this year, DOGE rose to prominence after Musk's tweet, which reassured his support towards this crypto, enabling it to gain real profits.
Current Price: US$0.00001104
Shiba Inu is another meme cryptocurrency that is also one of the biggest rivals of Dogecoin. Despite its whimsical beginnings, SHIB has managed to gather a growing and faithful community, which is also one of its biggest selling points. The community has also created an NFT project around SHIB that has enabled it to gain more attraction from investors.
Current Price: US$1
Tether is useful for crypto investors because it offers a way to avoid the extreme volatility of other cryptocurrencies. This creates liquidity for exchange platforms, creates no-cost exit strategies for investors, and adds flexibility and stability to investors' portfolios. It is one of the best low-cost cryptocurrencies to buy before 2023.
Current Price: US$0.9998
DAI is an Ethereum-based stablecoin (stable-price cryptocurrency) whose issuance and development are managed by the Maker Protocol and the MakerDAO decentralized autonomous organization. MakerDAO is a decentralized autonomous organization — a kind of company that runs itself in a decentralized manner via smart contracts — self-enforcing agreements expressed in software code and executed on the Ethereum blockchain.
Current Price: US$0.7415
Polygon Matica is a framework and a protocol for building and connecting Ethereum-compatible blockchain networks which aggregate scalable solutions on Ethereum's supporting ecosystem. Polygon creators have broadened their vision and reach by updating their system and bringing in metaverse designs and integrating the MATIC Plasma chain. It is one of the best cryptocurrencies you won't regret buying before 2023.
Current Price: US$0.02236
VeChain is the currency of the VeChain Thor blockchain, and it is considered the perfect choice for investors who want to invest in affordable, yet potential cryptocurrencies. VeChain facilitates the management of supply chains and other business processes.
Current Price: US$0.6961
Decentraland is the token behind an Ethereum blockchain-based virtual reality game by the same name. Crypto has been described as a 3D virtual world where users buy land on which to develop and monetize content, buy goods and services and visit other properties. It is one of the best low-cost cryptocurrencies to buy before 2023 starts.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.