TOP 10 AFFORDABLE CRYPTOCURRENCIES TO INVEST
If you are a savvy investor who always looks for opportunities to invest in affordable cryptocurrencies, this blog is especially for you.
After conducting deep research, we have accumulated the list of top 10 affordable cryptocurrencies available for you in 2022.
So, are you ready to invest in these affordable cryptocurrencies? Let’s begin.
1. LUCKY BLOCK (LBLOCK) — ON #1
Our pick for the affordable cryptocurrency to buy in 2022 is Lucky Block.
Lucky Block is a crypto-lottery platform that works on blockchain technology to enhance traditional lottery systems.
It allows users to purchase lottery tickets using LBlock, the platform’s native token, meaning the entire process is digitized and fair.
2. AVALANCHE (AVAX) — MOST PROMISING
Another exciting cryptocurrency on the list is Avalanche.
It is one of the fastest cryptocurrencies as it runs on three chains rather than one — meaning tasks are split, and transactions speeds are increased significantly.
Speeds enhance even further as Avalanche uses two consensus mechanisms, ensuring that the platform is incredibly scalable.
3. MAKER (MKR) — NEW CRYPTO WITH DEFI
Maker is the native token of MakerDAO, a decentralized lending platform constructed on the Ethereum network.
Users can lock ETH in the protocol and create ‘DAI’ — a stable coin pegged to the dollar.
The best part about this cryptocurrency is that it allows users to receive crypto loans and generate yields without the need for invasive KYC checks.
4. ETHEREUM (ETH) — LONG TERM PLAYER
Ethereum is the second-largest crypto in the world behind Bitcoin and has expanded exponentially in recent years.
Unlike Bitcoin, Ethereum offers a platform where developers can build dApps, with full support for smart contracts.
Ethereum is also planning to launch its upgraded version — Ethereum 2.0 with higher transactional speeds, scalability, and decreased fees.
Overall, this could be a great investment option for everyone looking for long-term Ethereum success.
5. CHAINLINK (LINK) — BEST TO INVEST WITH UNIQUE USE CASE
Chainlink is an ingenious network that operates ‘oracles’ to furnish off-chain data to the blockchain.
Smart contracts within dapps can utilize the off-chain data such as stock market prices to be decentralized manner.
Lastly, Chainlink’s nodes can source the data for a fee, which is paid in LINK.
6. UNISWAP (UNI) — HIGH DEX IN GOOD PRICE
In 6th place, we have an option for you to buy in the Defi space using Uniswap.
It is a decentralized exchange (DEX) hosted on the Ethereum network and enables users to exchange crypto tokens easily.
As it is decentralized, there is no need for users to provide personal details.
7. ENJIN (ENJ) — BEST FOR NFT LOVERS
Enjin is an Ethereum-based cryptocurrency, which is prominently used to power an ecosystem of NFTs. The most exciting thing about Enjin is that the coin can be used in various blockchain games to transact items.
It can be used across multiple games, offering inter-operations between different developers.
8. BASIC ATTENTION TOKEN (BAT) — NEW DEMANDING CRYPTO
Basic Attention Token (BAT) is unique crypto that furnishes revolutionized digital advertising industry.
If you know this thing users on the Brave web browser can get BAT rewards for watching advertisements, whereas advertisers can also get the reward for creating ads.
9. YEARN.FINANCE (YFI) — AFFORDABLE CRYPTO TO BUY FOR HIGH YIELDS
As per the Binance Academy, Yearn.finance is a Defi protocol that furnishes users with access to high yields on their crypto holdings.
Users can deposit their holdings into ‘vaults’ and generate impressive passive returns — for an instance, depositing Curve tokens can net investors an APY of up to 48.42%!
10. SOLANA (SOL) — CRYPTO FACILITATES THE FASTEST TRANSACTIONS.
In the last of the list, we have Solana. Like Ethereum, Solana is also a blockchain network that facilitates a medium for developers to build and host dApps.
However, Solana seeks to improve on the poor scalability of the current system by using a ‘Proof of Stake’ consensus mechanism that uses low energy, provides faster transaction speeds.
