Which Cheap Altcoins to Invest in? Here is the List!

Hundreds of altcoins, which process under a dollar, have high potentials as thousands of tokens can be purchased with low budgets. The most recent example of this is the Shiba Inu (SHIB), which has risen over 10,000% in just 4 months. In the continuation of the article, we list altcoins with very low prices, just like SHIB.

Low-cost altcoin projects to invest in in 2022

Ripple (XRP)

XRP is a cryptocurrency that uses open and distributed ledger technology known as the “XRP Ledger”. It is backed by Ripple, the corporate company that facilitates global processes. Ripple designed the XRP token to be used to make payments from scratch. Therefore, it can handle processes faster and cheaper than is possible using the usual global payment infrastructure.

Ripple is currently in legal dealings with the SEC. The US regulator claims that Ripple is selling unlicensed securities. If the case develops against Ripple, the peak price of XRP, which is currently trading at a low of 0.4663, will set off to $ 3.84. Koindeks.comAs we reported, Monday will be critical for Ripple.

DogeCoin (DOGE)

Dogecoin was designed as a humorous parody of Bitcoin, rather than serving legal purposes. It skyrocketed in 2018 due to the hype generated on internet forums and Elon Musk’s tweets. In 2021, there was a similar trend that increased the price of GameStop by more than 400% in a week. Also, it has the potential to move away from being just a chest and become a more functional crypto with new projects. Musk sent out a tweet in December 2021 with the following message:

Tesla will create some artifacts that can be purchased with Doge and we’ll see how it goes.

However, Dogecoin has been on the decline for the past eight months. We will see more clearly in the new year whether it will continue to climb. However, many people prefer to buy now rather than wait for things to get worse.

Chainlink (LINK)

Another Ethereum token, LINK, is the fuel that powers the decentralized oracle network. This network is used to establish encrypted relationships to various APIs, payment systems, and other data sources. Chainlink connects the real world with smart contracts while preserving the benefits of Blockchain technology.

Chainlink’s price is currently very unstable, trading around $6.60. This represents an opportunity that represents a drop of more than 78% since last year.

Uniswap (UNI)

Uniswap, one of the leading DEX platforms, aims to decentralize cryptocurrency processes. It also has tools that allow people to earn passive income with cryptocurrencies.

Despite being extremely volatile by reports, Uniswap has the advantage of being such an early player in the decentralized exchange space. Although there are only 3.9 million addresses, the total transaction volume has recently reached $1 trillion. This indicates that there is a valuable area for market expansion.

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