?>

Top 3 Under 5 Dollars Cryptos Worth Investing In

1.1 k views
Top 3 Under 5 Dollars Cryptos Worth Investing In

Today, there are over 8k crypto-assets listed in Coincheck, and the numbers are increasing yearly. Unfortunately, some assets perform poorly in the markets, and others are even considered failed projects. Out of those, there are Defi coins, stablecoins, and cryptos, each with unique functions.

Coins/cryptos are the most common assets in cryptocurrency, and their reliability often depends on the services their host blockchain provides. Others like Bitcoin, Ethereum, and Binance coins have very high values of $33k, $2k, and $300, respectively. Others are yet to go past the dollar mark.

For more pointers, this guide will discuss three popular coins whose values are below $5. It explores their future investment prospects and why they are good assets.

ADA (Cardano)

Cardano is the crypto-asset with the best prospects currently. Ever since the market bull run of Ethereum and Bitcoin, Cardano has benefited vastly from the market changes. It launched crypto in 2017 to help digitize finance and bank the unbanked. Its network leverages the proof of stake consensus mechanism but has upgraded its system to a more robust Ouroboros system.

Even more, Cardano’s involvement in philanthropic activities in regions like Africa put the coin at a good spot in the top-performing list of cryptos. In addition, the network provides weekly updates on its development, including working on the network’s decentralization.

One of the biggest updates that Cardano is awaiting is the introduction of its smart contract systems that will parallel Ethereum. Once the smart contract system launches, the prices of the Cardano coin could increase vastly both in the short and long term.

Cardano’s (ADA) current valuation is around $1.33, and according to CoinMarketCap, this token has been performing exceptionally well recently. In addition, some expert financial analysts have predicted that the price of Cardano could reach $2 by the end of 2021 and could hit $10 by 2025. Keeping all that in mind, this asset, therefore, can be considered an excellent investment option.

Once the Cardano network introduces its Defi networking system, the prices of the ADA will surge, and the demand will also go to the peak, effectively increasing the price.

ALGO (Algorand)

Algorand is another coin with excellent prospects and should therefore be considered an investment asset. The network was created in 2017 with a self-sustainable and highly advanced blockchain network, solving the trouble of scalability, speed, and transaction costs increase. Furthermore, Algorand leverages a specialized pure proof of stake system, where every ALGO online is a vote and can participate in the next block.

The decentralized network provides a vast array of applications implanting security and efficiency. As of December 2021, the Algorand network had expanded vastly, reaching a daily transaction capacity of nearly 1 million.

ALGO and the native coin hosted by Algorand are currently valued at $0.84 and have seen lots of volatility issues since their launch. However, Algorand, like Cardano, has been doing extensive upgrades in the recent past, which will put them on the map for the best crypto assets available for investing.

Recently Algorand introduced a new upgrade to TEAL, its first layer smart contract language, to bolster its efficiency. In addition, the Algorand network has been getting support recently, with platforms like Arington Capital investing over $100 million in funds for ALGO betting.

The support, upgrades, and efficiency of the Algorand network make the ALGO coin have excellent prospects. Some predict that in 2025, Algorands price could close to $4.

XTZ (Tezos)

Tezos is another network that introduced a pool of opportunities for the average investors to acquire the best returns. However, the network was primarily designed for smart contracts, smart technologies, and design, therefore, a big competitor of Ethereum.

Its blockchain considers its smart contracts smarter than normal ones, boosting their value and reliability. As a result, XTZ has been performing well in the markets.

Currently, Tezos is upgrading its network, leveraging a self-sustained governance mechanism that allows the community to vote to upgrade the system. Recently, they introduced two upgrades, Granada and Teztnet.

Granada focuses on reducing gas charges, adding liquidity baking, and improving Tezos’ finality. The Introduction of Granada, announced in June, will help reduce gas costs in the platform by nearly 50% while halving the block time from 60 to 30 seconds.

Another recent upgrade is the introduction of Teztnets, a tool that will help involve network participants in streamlining testing upgrades. The upgrades on the platform will help vastly improve the prices of the XTZ token from the current value. Therefore, this coin’s price will extensively increase with time as these upgrades continue to involve the community.

XTZ is currently valued at around $2.9, and the charts for this coin show how much volatility the coin has. There are varying expert predictions on the asset, predicting a rise in value to $9 in 2025.

Finally

From the three mentioned cryptos analyzed in this guide, you can easily invest in each since their current value is below $5. Cardano, for instance, is among the crypto coins with the best prospect. Moreover, Cardano has been and will remain a highly lucrative asset due to the upcoming upgrades.

Tezos has also been making excellent upgrades in the recent past and continuously upgrades to improve services. Algorand is a network that offers efficiency and stands out as a currency with good prospects.

Bitcoin coin symbol
Btc
Bitcoin
$62.547
price
red chart
decrease symbol0.84959%
price change
TRADE NOW

Although other currencies like XRP and Dogecoin are currently performing well, there are no severe advancements in XRP worth a mention. Likewise, Dogecoin is a memecoin with no real-world use cases, thus not worth a serious look into.

Previous

3 Reasons Why Governments Are against Cryptocurrencies

Next

A Beginner’s Guide to Travala.com

Written by

282 posts

Adam is an outgoing young lad who likes adventures and discovering new things.

VIEW AUTHOR

More author posts

Four Reasons Why National Governments Should Hold Bitcoin in their National Reserves

The dawn of cryptos ushered in what we can term as the next step in the evolution of money. Unlike the tradition of fiat currencies, they offer a financial world that lacks a central authority that controls the money-making process. In addition, transaction costs are comparatively cheaper thanks to its peer-to-peer network system. While the positives are in the open for all to see, cryptos' uptake by governments has been, at best, disheartening. This is because they prefer to stick…

Earliest Cryptocurrencies with DeFi-like Characteristics

Decentralized Finance (DeFi) is the center of these crypto transactions. However, DeFi is an innovative niche that many enthusiasts still need to explore fully. Nevertheless, numerous smaller crypto assets with similar characteristics to DeFi tokens already exist. Binance Chain, PancakeSwap, and Uniswap are examples of DeFi platforms that harbor such investments. However, the others operate on their blockchain networks. What are Some DeFi Characteristics DeFi represents an experimental form of finance that does not depend on central intermediaries like banks,…

Which Altcoins Made The News in H1 of 2021

Altcoins are constantly jostling to make a mark in the crypto world. After Bitcoin and Ethereum, the race to be the third cryptocurrency force keeps heating up yearly. Many strong contenders with different use cases promise more than the big two currently offer. As a result, many are making their mark in a big way, for good and not-so-good reasons, as long as they stand out from meme coins that ride the celebrity popularity wave and crash just as fast…

Has El Salvador’s Bitcoin Legal Tender Stance Impacted the Crypto Adoption?

El Salvador is a country in Central America that borders the Pacific Ocean to the north. It also borders Guatemala to the southeast and Honduras to the southwest. It has recently adopted Bitcoin as its legal tender. BTC is now a lawful means of payment in the country. For some time now, many countries have turned their attention to the "future of finance." This act has triggered numerous reactions worldwide. Also, many countries take sides between backing and condemning crypto adoption.  Why…

How Profitable is Crypto Yield Farming?

At its core, Yield farming, also known as liquidity harvesting, involves the art of lending cryptocurrency. It provides more lucrative returns than any other cryptocurrency or conventional investment. It's a chance for the bold and risk-averse digital holders to win big. The United States Securities and Exchange Commission (SEC) is considering whether to regulate the process. In lending cryptocurrencies, the owner profits when the coin appreciates. Therefore, yield farming is an incentive that stimulates the adoption and growth of cryptocurrencies. Yield farming…

Which CBDC is Likely to Dominate the Global Financial Markets?

In a volatile crypto market, developers found a way to stabilize trade. The solution comes from the invention of stablecoins, which entered the market in 2014. Stablecoins are digital currencies linked to an asset or a currency. Some of the most popular assets include gold and fiat currencies. The promise of CBDC currencies can lead this evolution to the next step. The US Dollar backs the majority of stablecoins circulating the DeFi ecosystem. Therefore, the value fluctuations of digital currency remain at…

Publish your own article

Guest post article. Guaranteed publishing with just a few clicks

START PUBLISHING ADVERTISE WITH US

Browse categories

Explore trending topics in the crypto community right now.

Bitcoin

SEC Greenlights Multiple Bitcoin ETFs, Signaling Major Leap for Cryptocurrency Markets

The U.S. Securities and Exchange Commission (SEC) has made a landmark decision by approving 11 spot bitcoin exchange-traded funds (ETFs). This move represents a significant moment in the cryptocurrency industry, marking a shift towards greater institutional adoption and accessibility for investors. The approved ETFs include products from major firms such as BlackRock’s iShares Bitcoin Trust, Grayscale Bitcoin Trust, ARK 21Shares Bitcoin ETF, Bitwise Bitcoin ETP Trust, WisdomTree Bitcoin Fund, Fidelity Wise Origin Bitcoin Trust, VanEck Bitcoin Trust, Invesco Galaxy Bitcoin…

Bitcoin Should be Banned in the United States: Charlie Munger

Berkshire Hathaway’s vice chairman, Charlie Munger, called for a ban on cryptocurrency in the United States on Monday, similar to the one in China.  In an op-ed published with the Wall Street Journal, Munger argued that Bitcoin isn’t a currency, commodity, or security, but simply a form of gambling “ with a nearly 100% edge for the house. As such, the enactment of a federal law should ban such things from happening. Munger cited the Chinese communist party’s ban on…

Tesla’s BTC Positions Remained Unchanged in Q4 of 2022

According to a new earning report from automotive manufacturer Tesla, the company did not sell any of its BTC holdings in the fourth quarter of 2022. Amid speculations that the company had traded BTC during the testing bears, CEO Elon Musk revealed it was yet holding on to its BTC stash. Tesla Maintains Holdings After Initial Sell-Off In Q2 of 2022, Tesla opted to sell 75% of all its BTC. The car manufacturer received close to $950M in exchange. Notably,…

Here’s When Grayscale Debates the SEC in Court on its Bitcoin Spot ETF

The District of Columbia Court of Appeals has marked a date for when Grayscale and the Securities and Exchange Commission (SEC) may present oral arguments regarding the approval of a Bitcoin spot ETF.  Each side will present its case at 9:30 am ET on March 7, with the SEC arguing against the product, and Grayscale arguing in favor.  Grayscale VS SEC The court date – revealed in a court order filed on Monday according to CNBC – is much earlier…

MORE ARTICLES

Ethereum

Ethereum’s Zhejiang Staking Withdrawal Testnet for Shanghai is Live

At 15:00 UTC on Wednesday, the much-anticipated Zhejiang testnet for staking withdrawal went live on Ethereum’s Beacon chain. Zhejiang will enable the testing of the Ethereum Improvement Proposal (EIP) 4895 which allows for staking withdrawals. This is in preparation for the network’s next major update, the Shanghai hard fork slated to launch sometime in March. Users Can Make Simulated Withdrawals with Zhejiang In a tweet yesterday, DevOps engineer at Ethereum foundation Barnabas Busa gave details about the Zhejiang testnet slated…

Ethereum Devs Disagree Over Technical Tweak as Shanghai Upgrade Nears

Post-merge Ethereum users have been eagerly awaiting the commencement of the network’s next major upgrade, Shanghai. However, after over 3 months of prep time, it appears the Shanghai rollout isn’t going as smoothly as expected. What Exactly is the Shanghai Upgrade? In September last year, the much-publicized Ethereum Merge also known as the Ethereum 2.0 upgrade went live. Ethereum underwent some significant changes as its consensus mechanism transitioned from proof-of-work to a cost-efficient proof-of-stake system.  However, since the Beacon launch…

FTX Hacker Converts 50k Stolen ETH to BTC

Per a report from blockchain analysis firm Chainalysis, the attacker behind the Nov 11 FTX exploit, is converting the stolen ETH to Bitcoin. There were muted fears the seemingly inexperienced perpetrator could dump all its ETH holdings. On Sunday, the attacker dumped 50k ETH on-chain, with ETH's price dipping by almost 7%.  https://twitter.com/chainalysis/status/1594349583416840199?s=20&t=pgvQHeVytI20eKQ1ls9bxw Hacker Moves 50,000 ETH to New Address Over the past week, the perpetrator had been steadily swapping the cryptocurrencies they had carted off for Ether tokens. This…

Censorship Concerns: 51% of Ethereum Blocks Now OFAC Compliant

According to new data, over half of the blocks on the Ethereum network now reportedly comply with the US Treasury OFAC’s standards. This comes roughly a month after the platform’s monumental merge update. Phasing Out Tornado Cash The Office of Foreign Assets Control is the intelligence and enforcement agency of the US  Treasury Department. Indeed, the OFAC administers and enforces US  financial sanctions. A prime example of this is the recent, highly-publicized ban on crypto mixer Tornado Cash.  According to…

MORE ARTICLES

Trading

How to Leverage Arbitrage Opportunities in Crypto Markets

Cryptocurrency arbitrage has become an increasingly popular investment strategy as the crypto market grows and evolves. Arbitrage involves taking advantage of pricing discrepancies between markets or exchanges to profit.  Investors can leverage profit opportunities by understanding cryptocurrency arbitrage while managing associated risks. In this guide, we'll explore cryptocurrency arbitrage and how it works. A Bitcoin-related example will help us illustrate the concepts of this strategy. What is Arbitrage and How Does it Work in Crypto Markets Crypto arbitrage trading is…

The Different Types of Copy Trading in Crypto

Are you interested in trading cryptocurrencies but feel intimidated by the complexity of the process? Copy trading is a great way to get into crypto without needing to be an experienced trader. With copy trading, investors can benefit from the experience and knowledge of more experienced traders, allowing even beginners to succeed. How does copy trading work, and which tips do you need to know to succeed? In this article, we'll explore all aspects of copy trading in crypto. What…

How to Spot an Unsafe Crypto Exchange

Cryptocurrency exchanges have become increasingly popular as they provide a platform for people to buy and sell digital assets. Unfortunately, not all crypto exchanges are safe or reliable.  With the rise of cybercrime and fraud, you must learn to spot an unsafe crypto exchange before investing your money. This guide will help beginners identify and avoid potential risks when selecting a cryptocurrency exchange.  The Role of Crypto Exchanges on the Digital Assets Market Cryptocurrency exchanges play a crucial role in…

What Is Grid Trading in Crypto?

Crypto grid trading has become a popular strategy because of its ability to help traders capitalize on market volatility. Grid trading means you can produce consistent profits by taking advantage of price differences in different markets or time frames. By establishing buy and sell orders at predetermined intervals, you can take advantage of these fluctuations in an automated way. This guide will explore the different aspects of grid trading and provide an overview of its benefits, challenges, and more. Through…

MORE ARTICLES

Tech

Introducing una Messenger: A Paradigm Shift in Blockchain Connectivity

The digital landscape is set for an unprecedented transformation with the introduction of una Messenger, the latest innovation from web3 development powerhouse Wemade. This platform represents an evolution of the "PAPYRUS Messenger," serving as the cornerstone of the ambitious "unagi" initiative, aimed at catalyzing the mass adoption of blockchain technology. The "Unbound Networking & Accelerating Growth Initiative" seeks to bridge the divides between diverse blockchain services and networks, heralding a new era of interconnectedness. A New Frontier in Blockchain Communication…

Bit2Me Champions WEMIX Token in Pioneering European Listing

Bit2Me, Spain's premier virtual asset exchange, has recently broadened the horizons for cryptocurrency enthusiasts by listing WEMIX, the cornerstone token of the WEMIX3.0 blockchain ecosystem. This marks a notable achievement as WEMIX's inaugural venture into the European market, emphasizing the token's role in facilitating a range of blockchain-based activities, from gaming transactions to decentralized finance (DeFi) applications. Launched with the intention to democratize access to WEMIX for the 450 million Spanish speakers around the globe, this strategic move aligns with…

CryptoVirally Expands with Fresh Crypto Marketing Offers and Cointelegraph Upgrades

In an exciting update for the cryptocurrency marketing landscape, CryptoVirally has announced a series of new entries and enhancements to its already comprehensive range of services. These updates, aimed at providing tailored marketing solutions for crypto projects, include new limited-time offers and expanded options for Cointelegraph publications. Limited Offers: A Game-Changer in Crypto Marketing  CryptoVirally's limited offers section presents an enticing opportunity for crypto projects to leverage high-impact marketing services at discounted rates. These offers, available for a limited period,…

Breaking Boundaries in Blockchain: WEMIX’s ‘una Wallet’ Sets New Standard for Multi-Chain Asset Management

The WEMIX Foundation has unveiled 'una Wallet,' a revolutionary digital wallet designed to offer unparalleled convenience and security in managing digital assets across various blockchain networks. The announcement, made on January 17, 2024, signifies a new era in the seamless integration of multiple blockchain protocols, including Arbitrum, Avalanche, BNB Smart Chain, Ethereum, Kroma, Optimism, Polygon, and WEMIX3.0. 'una Wallet' is more than just a digital wallet; it represents the culmination of WEMIX's innovative efforts in the blockchain space. It serves…

MORE ARTICLES