It’s a misconception that investments in cryptocurrencies are only profitable when you choose coins with a high price. Because cryptocurrencies are not born expensive, they become expensive. In fact, investors often purchase inexpensive coins with the prospect of their growth. Let’s get to know the Top 5 inexpensive coins presented on the WhiteBIT cheap crypto exchange.
1. Ripple (XRP)
XRP is a cryptocurrency based on the XRP Ledger blockchain. The creators of the coin set a goal of improving the global payment system, not replacing it. The main advantage of XRP is its speed: 1500 transactions per second (while Bitcoin, for example, has 7 TPS).
Due to this, XRP is actively used around the world as a way to transfer fiat and is trusted by large financial institutions (banks), which has a positive effect on the price and trading volume of the cryptocurrency.
Since its launch in 2012, the value of XRP has only been growing and is $0.3157 at the moment (as of July 1), with a market capitalization of $15,260,715,877.
2. ChainLink (LINK)
ChainLink is a decentralized network of oracles and special programs that allow Ethereum smart contracts to receive reliable information outside the network. The data is first checked by oracles and only then sent to the smart contract. This chain helps to prevent fraud.
LINK is the internal coin of the ChainLink project. LINK tokens perform a number of important functions. Thanks to it, no one doubts its stability and prospects: it contributes to the authenticity of data, maintains the stable operation of contracts, and is used by smart contracts as a reward for node operators for the information provided.
As of July 1, the coin is worth $6.03, and the market capitalization is $2,817,676,281. You can trade crypto LINK on WhiteBIT with low trading fees (0.1%).
3. USD Coin (USDC)
USD Coin (USDC) is an ERC-20 token developed on the Ethereum blockchain as part of a joint project between Circle Internet Financial and Coinbase. The coin belongs to the category of stablecoins and is backed by US dollars (1:1).
USDC is protected from volatility and, at the same time, retains the main advantages of digital currencies: autonomy and high transaction speed.
It is also worth noting that all transactions with USDC are regulated under US law, in particular, in the field of combating money laundering, which makes it trustworthy in the eyes of large financial institutions and holders.
USDC is great for storing US dollars in their digital equivalent for later use.
Thus, USDC combines the best qualities of a crypto asset and fiat. Investors can be sure of the coin’s stability, the price of which is exactly $1 (as of 01.07), and the market capitalization is $55,813,170,055.
4. Stellar (XLM)
The XLM cryptocurrency was created by one of the founders of XRP, Jed McCaleb. Coins operate identically, but with one important difference: in the case of XLM, the main emphasis falls on decentralization. XRP defines network validators centrally, while XLM does not.
Stellar (XLM) provides ideal conditions for fast payments in any currency with low trading fees.
The project is constantly evolving and establishing new partnerships. Companies such as IBM and Stripe are already cooperating with Stellar. Also, the interests and activities of the company are expanding to the global market, which certainly indicates the prospects for the strengthening and growth of the XLM rate.
As of July 1, the price of XLM equals $0.1071, and the market capitalization has reached $2,679,554,141.
Polygon (MATIC)
Polygon is a platform whose main task is to create a decentralized, stable, secure, and scalable blockchain. The creators of the project set out to use the second-level blockchain to enable third-party developers to create more decentralized applications, services, and products.
MATIC is an internal coin of the project on ERC-20. MATIC serves as a currency for settlements within the ecosystem, as well as for paying trading fees.
The prospects and stability of MATIC are evidenced by the fact that the parent network of Polygon is actively developing. Many decentralized projects are gradually entering the network: Polkamarkets, SportX, SushiSwap, etc. In addition, Polygon is the basis of many digital assets, such as USDT, DAI, Chain Games, etc.
MATIC has already proven its worth. Based on all the factors mentioned above, the coin has a very clear growth prospect. As of 01.07, the capitalization of MATIC is $3,699,493,839, and the price is $0.4623.
The cryptocurrency market is extremely wide and constantly growing. When buying inexpensive coins with the prospect of serious growth, you need to follow the news and update and analyze the information because the situation may change quickly. When it comes to cryptocurrency trading, it is important to be careful and understand how the crypto market works.