Home Personal Finance Invest Five Tokens to Add to Your Digital Billfold

Five Tokens to Add to Your Digital Billfold

There’s plenty to choose from in the cryptocurrency markets. There are the big boys like Bitcoin and Ethereum. Then there are altcoins like SafeMoon that trade for a fraction of a cent. And of course, there’s plenty in between. Even though you can start investing in any of them with just a couple of bucks, we’re going to look at five small cryptos to invest in for those that want a whole token’s worth of crypto.

Now, keep in mind, one man’s cheap can be another man’s expensive. So our list of small cryptos kept the price under $200 a token. That being said, there are some on our list well below that mark. In fact, we’ve included one coin that’s trading under a buck. And others that can be purchased for just a couple of bucks. We’d like to think there’s an investment opportunity on this list for everyone.

So without further ado, here are five small cryptos that folks can invest in… All of which can be pretty easy to find on most major exchanges.

Five Small Cryptos to Invest in Today

5. Cardano (ADA)

First on our list is Cardano (ADA). This coin is actually the largest in terms of market cap on our list. In fact, in terms of market cap, Cardano is only smaller than Bitcoin, Ethereum, Binance Coin and the stablecoin Tether. Nonetheless, it’s still on the small end of the spectrum in terms of price and name brand recognition.

This is an interesting project for several reasons. For starters, it was founded by one of the co-founders of Ethereum. Furthermore, there’s a cap on how many of these coins will ever be in existence (45 billion). This should keep a good balance on supply and demand. And once maximum circulation is hit, the value should only climb. Additionally, this native currency on the Cardano blockchain uses a proof-of-stake protocol. This process is far more energy efficient that Bitcoin’s proof-of-work algorithm. And at just $2 a coin (for now), this is one of the cheapest small cryptos to invest in on our list.

4. Solana (SOL)

On the other end of the price spectrum is Solana. This one’s trading at just under the $200 mark. This is also one of the newest coins on our list. It was launched in April 2020. But for the better part of the year resided in the land of obscurity. When we first started reporting on Solana, you could pick it up for about $4 a pop. That should give you some idea as to just how explosive this coin can be. And it’s still far from full maturity.

Solana is a project with a focus on decentralized finance (DeFi). Its censorship-resistant blockchain is gearing up to be the gold standard in terms of transaction processing. At last check, it was able to process 50,000 transactions per second. And it’s able to do so for just $0.00001 per transaction. By comparison, that’s roughly 10,000 times the transaction speed of Ethereum. And at a fraction of the cost to boot. That’s why it takes a prominent space on our list of five small cryptos to invest in.

Keep Reading This Article and Find Out the Rest of Our Small Cryptos to Invest In!

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About Matthew Makowski

Matthew Makowski is a senior research analyst and writer at DailyBusiness. He has been studying and writing about the markets for 20 years. Equally comfortable identifying value stocks as he is discounts in the crypto markets, Matthew began mining Bitcoin in 2011 and has since honed his focus on the cryptocurrency markets as a whole. He is a graduate of Rutgers University and lives in Colorado with his dog, Dorito.

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