3 Cryptos That Are Too Cheap To Ignore

Are you looking for the cheapest cryptos to invest in to enjoy massive returns in the long term? Here are some of the top cryptocurrencies that are too cheap for any investor to ignore.

Ripple – is one of the most impressive penny cryptocurrencies with a considerably high market capitalization.

Cardano – It is the cheapest green crypto to purchase now and for future returns.

Decentraland – this is a must-buy Web 3.0 crypto with huge growth potential.

In a market where Bitcoin can cost several thousands of dollars, investors seem to be turning to cryptos that are considerably low in price but are on the higher end of the quality spectrum. Many digital assets cost less than $1 and fall under the category of penny cryptos.

Nevertheless, some investors wonder whether cheap coins are worth buying for good returns in the long term. The answer is yes since, despite their low price, the coins have already proven to be great additions to investors’ portfolios and have already turned many people into crypto millionaires.

Thus, investors on the hunt for some great opportunities are mostly seeking cheap cryptos with great potential for a massive surge in value, in the future.

Ripple (XRP)

Despite being one of the top cryptos with a huge market capitalization of more than $24 billion, XRP is still quite cheap and trades at only about $0.49. However, the investors never allowed the price to deter them from investing in Ripple since it is incredibly promising and seems to have proven to be a profitable investment.

XRP was developed by Ripple, the enterprise blockchain firm that facilitates global transactions. Crypto was mainly developed for payments and it facilitates transactions quicker and reliably at a lower cost compared to the standard global payment infrastructure. XRP is known as the utility for the new global economy and the most practical crypto token for various applications across the financial services sector.

The biggest headwind for XRP now is the ongoing legal battle between the U.S. Securities and Exchange Commission (SEC) and Ripple. Despite all these uncertainties that are hovering over the cryptocurrency, Ripple’s On-Demand Liquidity payment product reported growths of ninefold between Q2 2021 and Q2 2022. In case Ripple wins this lawsuit conclusively and the IPO comes to completion, XRP is expected to surge to new highs.

Ripple already has many innovative and distinct financial services that enable cross-platform and cross-blockchain payments. Even though XRP is considerably down from its all-time high of $3.84 in 2018, it has mooning potential. Crypto is too cheap to ignore and it stands to gain massively from mass adoption, making it a good buy now.

Adding to that, many financial institutions and banks, like MoneyGram, have already piloted XRP for cross-border payments, which bodes well for the future value of Ripple.

Cardano (ADA)

Trading at below $1, Cardano is one of the most potential coins that is too cheap to ignore. Mostly in the current market slump that knocked ADA from its all-time high of $3.10 to $0.39 as of publication. Cardano strives to develop a fair, transparent, and easily accessible financial services for communities throughout the world.

With its early adoption of the advanced Proof-of-Stake algorithm, the cryptocurrency is one of the best in the current market. Cardano’s innovative protocol, the Ouroboros, can authenticate transactions without high energy costs.

It enables the network’s decentralization and lets Cardano sustainably scale to global needs without having to compromise on security. Unlike many other cryptos, ADA has real-world utility. This asset is used in industries like agricultural supply chains to track illegal and counterfeit goods.

With Alonzo, Cardano gained smart contracts functionality in 2021. The crypto aims to implement new updates with the Cardano Roadmap laying out new capabilities and components for the network. It seems now set to enter the Cardano Basho era that will boost the scalability of the network by adding side chains to eliminate high pressure from the main chain.

Two major catalysts make ADA the best and cheapest crypto to purchase now. The most immediate upgrade on the network would be the Vasil hard fork, striving to mitigate the cost of the huge transactions.

Another forthcoming update is the Hydra, which is expected to grow the processing feeds exponentially. The future value of ADA would also increase with the growing adoption of blockchain and partnerships, making ADA quite cheap to ignore now.

Decentraland (MANA)

Decentraland is a virtual reality platform that is powered by the Ethereum blockchain. On this platform, users can develop, try, and monetize dApps. Although MANA is trading significantly lower from its all-time high of $5.90, the crypto is quite cheap to ignore now due to its present potential to surge higher.

Reports indicate that some of the virtual plots of Decentraland were sold for millions of dollars, showing a highlight of the real potential of the project. The crypto has also entered into many partnerships with top firms.

For example, a new partnership with Decentraland enables Samsung Electronics America to join the metaverse. It strives to open a virtual version of its flagship 837 physical stores in the digital world. MANA is remaining below $1, trading at $0.65 currently, but the trend would not continue for long, since the token would break that barrier soon, making MANA a good buy for now.

The Takeaway

There are several cheap cryptos in the market currently. However, not all of them are worth investing in. These three cryptos are believed to be too cheap to ignore now since they are projected to bring huge returns with their potential utilities and technology.