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Crypto Corner: Missed Bitcoin? No worries, here are 5 affordable cryptos you can invest in

Sep 01, 2021 13:26 IST | By Editorji News Desk

The next big thing, the multi-bagger from equity to cryptos that's always the holy grail the investors are looking for. The meteoric rise over the last 10 years for Bitcoin from under $1 to the highs of $63,000 per token has left investors not only dizzy and also with a lot of FOMO with those who missed the bus. 

The Bitcoin rally also sent a clear message not to underestimate a 'affordable' or 'cheap' digital asset. So at nearly $50,000 if Bitcoin if unaffordable how do you make the most the new investment bet in the financial world. 

#EJBiz has curated a list of the top five affordable and probably promising cryptos based on their market cap. Take a look:


1. Cardano: The digital token has gathered a lot of attention of late as it recently became the third-largest cryptocurrency. While writing, the cryptocurrency was trading at a price of a burger, $2.5. The price has rallied almost 1,400% this year.

Why you must consider Cardano? The crypto is a proof-of-stake blockchain project that aims to allow changemakers, innovators and visionaries to bring about positive global change. A proof-of-stake system functions as a cryptographic proof of ownership and proof of vested interest in the project’s ongoing success. Ethereum is a high-profile example of a project that is currently in the process of migrating towards proof-of-stake blockchain. Cardano is one of the biggest blockchains to successfully use a proof-of-stake consensus mechanism, which is less energy-intensive than the proof-of-work algorithm relied upon by Bitcoin.

Also Read: Cryptocurrency Explained: Bitcoin to blockchain, 10 words you need to know

2. Polygon: Developed by Indian origin Sandeep Nailwal, Polygon which was earlier named MATIC gained a lot of popularity when its founder came in limelight as he launched a crypto relief fund to support India's reeling condition during the second wave of Covid-19. The crypto coin is valued at a price of $1.5. The price skyrocketed from a mere $0.03 at the beginning of the year to touch a record $2.4.

Polygon is Ethereum's internet of blockchains that focuses on resolving problems around the usage of the Ethereum which is seeing a staggering demand due to its decentralized finance technology.

3. VeChain: VeChain or VET is priced at $0.12, up from $0.01 in January this year. VeChain aims to use distributed governance and Internet of Things (IoT) technology to create an ecosystem that solves some of the major problems with supply chain management. The idea is to boost the efficiency, traceability and transparency of supply chains while reducing costs and placing more control in the hands of individual users.

4. Tron: The crypto project is aiming to build a platform where content creators can connect with their audiences directly. From $0.02, its coin TRX jumped to as much as $0.16 this year. Tron's crypto project could make content less expensive and will give a boost to the content creation economy as its platform eliminates the need for a centralised body that charges huge commissions. Given how the entertainment sector is increasingly becoming digitized, TRON could have a headstart in applying blockchain technology to this industry.

5. Tether: You must have heard big investors hedging their risks. Well, Tether does the same in the crypto markets. USDT or Tether is a stable coin that mirrors the price of the U.S. dollar. The token’s peg to the USD is achieved via maintaining a sum of commercial paper, fiduciary deposits, cash, reserve repo notes, and treasury bills in reserves that is equal in USD value to the number of USDT in circulation. Tether is a second-layer cryptocurrency token built on top of Bitcoin’s blockchain. While the crypto market is highly volatile where we can see a move of 10-20% in a day, USDT is a safe haven as it is protected from these fluctuations. The price of USDT has always been around $1.

Also Read: Crypto bulls are back: Ethereum outperforms Bitcoin, know more about the big crypto comeback

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