5 Best Low Cost Cryptocurrencies To Buy And Hold In 2023
Do you want to invest in cryptocurrencies, but do not have a large budget for this? Check out 5 promising and inexpensive coins you can buy and hold to earn passive income.
Best Low Cost Cryptocurrencies to Invest in 2023
Perhaps you think that you do not have enough funds to become a crypto investor. Let's be honest, bitcoin was once worth a dime. But those who bought it at the right time and managed to keep it without spending it on pizza are among the richest people in the world now. Therefore, do not underestimate cheap coins that are not in the top crypto ratings yet. We have collected a few interesting candidates that may skyrocket in the future.
- Cardano
- XRP
- VeChain
- Hedera
- Algorand
Cardano
| Cost | $0.3228 |
| Market Cap | $11,155,317,633 |
| Rank | #9 |
| All-time High | $3.10 |
When we wrote that inexpensive coins are not in the top of ratings, we did not mean Cardano. Due to its market capitalization, the coin consistently ranks among the top 10 cryptocurrencies in the world. Cardano is one of the largest blockchains successfully launching a power-efficient proof-of-stake protocol and creating a developer-friendly ecosystem for DApps.
The ADA crypto saw a sharp rise in 2021 when it was trading at $3 per coin. It is now worth almost 1,000 times less, which encourages investors to buy ADA coins in the hope that they will skyrocket again in the future. And we believe it will work.
XRP (XRP)
| Cost | $0.3939 |
| Market Cap | 19.8B |
| Rank | #7 |
| All-time High | $3.84 |
Another crypto that does not require a fortune to invest in is XRP. At the same time, the project has an impressive market capitalization, which is why it ranks 7th in the cryptocurrency rating. This, as well as cooperation with large financial corporations and banks, are indicators of the stability and potential of the project.
VeChain (VET)
| Cost | $0.01942 |
| Market Cap | $1,408,466,730 |
| Rank | #34 |
| All-time High | $21.29 |
VET is a rapidly growing crypto project. It has a high level of adoption, which is one of the decisive factors in making an investment decision. The public blockchain VeChain finds application in industries such as logistics, fashion, automotive, etc. Vechain has many key partners and investors who will not let the project “freeze” in the crypto winter.
Hedera (HBAR)
| Cost | $0.0483 |
| Market Cap | $1,109,321,846 |
| Rank | #38 |
| All-time High | $0.5701 |
Hedera is a public network that allows businesses and individuals to create decentralized applications (dApps). It is designed to solve some of the problems that old cryptocurrencies could not handle, such as poor performance or instability. In addition to its usefulness, the crypto project is controlled by large companies, which, according to investors, increases the credibility of the asset. This factor could cause the HBAR token price to rise in 2023.
Algorand (ALGO)
| Cost | $0.2412 |
| Market Cap | $26,306,713 |
| Rank | #28 |
| All-time High | $3.28 |
Algorand is an eco-friendly blockchain-based cryptocurrency that aims to create a carbon neutral network. The Algorand blockchain supports smart contracts and uses a consensus algorithm called ‘Pure’ Proof of Stake. Algorand is often compared to Hedera, but these projects are quite different as you can see from the HBAR vs ALGO comparison.
One of the main reasons Algorand has a chance to explode in 2023 is because its team is focusing on sustainability. And environmental issues are becoming more and more prevalent over time across all industries and are definitely having an impact on the cryptocurrency market. Therefore, crypto projects that are based on environmental sustainability principles are likely to succeed.
Wrapping up
These are just some of the crypto projects that investors with a tight budget may be interested in. You can purchase multiple coins just in case one will go off, or choose the one that suits you best by comparing their properties. Make a purchase only on trusted services that offer a favorable rate, such as the Godex exchange, and do not invest more than you are afraid of losing.
