When most people think about cryptocurrencies, their attention is often pulled in the direction of the biggest and most expensive available, such as Bitcoin, or Ethereum. As appealing as these currencies can be, they are often out of reach for the average trader and that’s why turning to a more affordable alternative can be the ideal solution; especially with the value of many types of crypto expected to rise over the coming years. In this article, we’ll be taking a closer look at some of the most affordable currencies to invest in – particularly those that look set to experience an increase in value.
XRP (Ripple)
With a value of just $0.47 USD at the time of writing, XRP, or Ripple as it’s commonly referred to is one of the cheapest tokens on the market. Although seemingly low in price, this is expected to change soon. Towards the end of 2023, the XRP price is expected to increase, but more appealing, especially for those that prefer long-term trade strategies, the value for Ripple is anticipated to reach just over $20 (USD).
As such a cheap currency, XRP will only ever pay itself off. If the price doesn’t reach the $20 estimate, even the lowest prediction is roughly $15, making it a viable investment opportunity for those willing to wait until the time is right to cash in.
Dogecoin
Dogecoin, or DOGE has a slightly higher value than XRP, but still well within a low budget. At $0.065 per token, it’s one of the most affordable types of crypto available to invest in. A clever trick with this coin would be to purchase a large quantity and then allow the price to gradually rise. Although by 2033, experts predict that Dogecoin could reach $10, making those small investments add up for long-term traders.
Another cheap and cheerful solution for investors, DOGE may not make millionaires out of investors, but it can certainly provide a comfortable profit based on estimations (of almost 2000% net return on investment).
Shiba Inu
As one of the cheapest types of cryptocurrency, Shiba Inu is worth less than 8/10th of a cent. This type of crypto may not be ideal for everyone, as even by the year 2031 it’s only estimated to reach $1 USD per token. One positive would be the fact that the price is so cheap, that thousands of tokens could be purchased and when 2031 does inevitably arrive, the potential for a fairly comfortable profit could be quite substantial.
By far one of the most meager forms of crypto, the only real way to cash in on Shiba Inu would be to purchase thousands and thousands of tokens, and then sell them when the time is right to offset the initial spend and walk away with 4 to 5 figures.
Cardano (ADA)
Another very cheap token, Cardano can be purchased at $0.28 per token at the time of writing this article. For roughly a dollar (USD), 4 tokens could be bought and by 2025, the price per token is expected to reach almost $1.50 ($1.37 USD to be specific). This could provide a 6x return, as long as this cryptocurrency doesn’t experience a burnout before then, which isn’t likely.
For a reliable return on investment that will act as a small compliment to a trader’s income, ADA might not be everyone’s ideal type of crypto, but it can certainly provide a comfortable reward in exchange for the time it’s allowed to potentially increase in price.
Polkadot
For those with a slightly larger budget, Polkadot may be better suited to their investment needs. With a daily trading rate of almost $125 million, and an individual token value of $5.09, this currency looks set to achieve big things in the future. By 2029, experts estimate that a single token could be traded for $55 on average. That’s a 110% increase in value in the space of 6 years, making this particular currency quite a potent one if all goes to plan and demand increases.
For those wanting a more reliable form of cheap crypto, Polkadot certainly has all of the characteristics to provide a healthy ROI.
Although these types of cryptocurrency are considered on the cheaper side of tokens, each of them does bring their own unique potential to the table.
