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Cryptocurrencies are all in the rage these days, particularly with speculative investors. What earlier used to be a fringe investment is now at the front and center of the financial revolution. Even top international and national press institutions keep a close eye on the daily movements of the crypto coins and other digital currencies. Bitcoin, being one of the most popular currencies are recognized and trusted by almost everyone. But new investors are always looking for affordable and cheap cryptocurrencies to invest in. Keeping in mind that the crypto market is considered to be extremely volatile, these investors hesitate to risk it all the first time. So, in this article, we have listed the top 10 cheap cryptocurrencies investors can buy before 2023 begins.
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.
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 roughly gained 468% this year and continues to remain an affordable cryptocurrency with great potential for 2023.
Dogecoin originated something out of a joke, but it quickly became quite real for those who are profiting from it. The current DOFE price is about 4,889% higher since the beginning of the year. Along with its success and affordability DOGE makes 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.
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.
Avalanche is an Ethereum competitor that facilitates decentralized applications and the creation of custom blockchains on its ecosystem. Also, quite recently AVAX reached a record high value, overtaking several major cryptocurrencies. Although it is launched in 2020, Avalanche has shown great potential to grow.
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.
Maker is the native token of MakerDAO, a decentralized lending platform built on the Ethereum network users can lock up ETH in the protocol and create 'DAI', a stablecoin pegged to the dollar. Essentially this allows users to receive crypto loans and generate yields without the need for invasive KYC checks.
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.
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.
Decentraland is the token behind an Ethereum blockchain-based virtual reality game by the same name. The 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.
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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.
