Investors trying to diversify their portfolios have been drawn to a few major cryptocurrencies, like Bitcoin (BTC), Ethereum (ETH), and Binance coin (BNB). While many developing businesses are beginning to accept cryptocurrencies as acceptable means of payment, at present, this seems to be ideal for investing in cryptocurrencies, depending on your budget.
However, many people are probably unaware that Bitcoin and its giants are not the only cryptocurrencies available. If you feel ready to invest in cryptocurrency, here are six low-cost picks that could yield high profits in 2022.
XRP, created by Ripple, is a blockchain company that enables global transactions, it is an open source cryptocurrency that uses the XRP Ledger. This distributed registry is open source, therefore highly accessible. Ripple (XRP) is designed for payments and can process transactions faster, more reliably, and at lower cost. There are a considerable number of people who use this cryptocurrency to transfer money across borders.
FIREPIN token (FRPN) is a newly formed cryptocurrency that aims to host a gaming platform for the Metaverse. It plans to be a reserve currency for future Metaverse projects that will focus on fun and actively enjoyable play-to-win (P2E) games.
The FIREPIN Token presale has only been live for a week and yet early buyers have already achieved 100% growth on their investments. With a few weeks left on this pre-sale, it is possible that this cryptocurrency will reach a triple-digit profit if joined at this point.
VeChain (VET) is the cryptocurrency of the aptly named “VeChain Thor Blockchain”, and it is used to move value throughout the network. Blockchain, which uses distributed ledger technology, was created primarily for supply chain management and business activities. It might not be as eye-catching as a meme token, but it has incredible use case potential with good future prospects.
This Elon Musk fan favorite is less than $0.12 per coin at the time of writing, the coin is undoubtedly “affordable”, especially compared to its peak of $0.73 on 52 weeks. The price is currently down more than 50% from a year ago. Some sentiment online seems to think the DOGE has had its day. However, this could potentially be a good buy or just the start of a new dip.
Cardano is one of the most popular cryptocurrencies due to its adaptive network and fast transactions. Cardano was created by Charles Hoskinson, co-founder of Ethereum (ETH).
Its main selling qualities are scalability, interoperability and durability. Some say this comes at the cost of some loss of decentralization. Cardano has always been a company that takes its time and works in stages, due to its scientific background. It has a strong base of people who believe in the company and their investment.
Chainlink is an Ethereum token that funds the Chainlink decentralized oracle network. This network is used to connect to APIs, external data sources and payment systems in a secure way. Chainlink’s price has fluctuated up and down, but it is currently trading at $14.70, down around more than 30% in one year, giving investors a chance to buy low.
Join the presale: https://presale.firepin.io/login