If you’re looking for cheap cryptocurrency to invest in 2022, you have come to the right place. There are numerous options in the cryptocurrency market and it can be difficult to know which ones are the best to invest in. In this article, I’m going to cover Litecoin, XRP, VeChain, and the Basic Attention Token. The crypto market is volatile and you need to diversify your portfolio with different high risk/high reward assets.
Litecoin
Bitcoin might be the most obvious choice when it comes to buying cryptocurrencies, but you may want to consider investing in another one instead. In 2022, the chances of getting a big payoff may be higher with a smaller cryptocurrency, especially one that has not been pumped up by institutional investors like bitcoin. Litecoin’s price is currently at a low, but it is poised for a major uptrend.
Ripple faced some serious challenges in 2021, including a case from the SEC alleging that it was a security. However, the Magistrate Judge later cleared the cryptocurrency, and it has since been on the rise. Currently, Ripple is trading at $0.40, making it one of the cheap cryptocurrencies to invest in 2022. The price of Litecoin is still very low, and it’s likely to climb higher as long as the demand for it increases.
XRP
Ripple (XRP) is an excellent investment option for those who want to make money in the near future. Ripple is unlike other cryptocurrency projects, in that it already has a platform and community in place. Unlike most of its rivals, Ripple is maintained and upgraded by its core team. You can purchase XRP with a relatively low fee on a website like Changelly.
The price of XRP has been in a sideways channel since the beginning of the crypto-asset market crash in May 2021. It is currently trading at $0.56 with a market cap of $1.39. Stochastic RSI is at the bottom (18) and volume is flat. These two indicators are a bullish signal for the XRP price. Moreover, if you’re planning to buy XRP for 2022, you should look for a coin that can reach this value in the near future.
VeChain
VeChain is still a cheap cryptocurrency to invest in 2022, and the future looks bright. On 1 October 2021, VeChain broke through the $0.10 price mark and stabilised around this level, but by the end of the month, it experienced a sharp growth spurt, rising to a monthly high of $0.1477. The price then crashed back down to $0.02412 in May after a market-wide crash. In the months that followed, the price of VeChain fluctuated back to a stable $0.10 level.
VeChain is currently trading at $0.030 per VeChain. Its price has dropped by 0.60% over the past 24 hours. While it has experienced a rocky start to the year, it has already recovered and is now trading at $0.04559. This has given it a decent chance to grow further in the coming years. But it may take some time for the price to reflect its utility, particularly given the current bearish trend.
Basic Attention Token
The Basic Attention Token is an interesting new crypto coin that launched in May 2017. The goal of this decentralized advertising currency is to address a very specific need. This is a major problem with advertising today, and the token seeks to solve it. It uses the Ethereum blockchain network to solve this problem. While its price isn’t high yet, it should continue to climb in value.
The BAT started the year at $0.2051 and shot to an intraday high of $1.37 on 31 May 2021. This cryptocurrency subsequently fell to $0.5626 on 23 May. Within three months, it recovered to $0.7617. By the end of June, it was up over four hundred percent. If you’re thinking about investing in a cheap cryptocurrency, Basic Attention Token might be worth your consideration.
Chilliz
If you are looking for a cheap cryptocurrency to invest in 2022, Chiliz is a great option. This cryptocurrency is listed on renowned exchanges and trading platforms. Its genesis is a decentralized network that allows users to encrypt data, ensuring that it is private and secure. Anyone can invest in Chiliz and access the data they need. The coin has huge potential to grow and offers high returns on investment.
According to CoinMarketCap, Chiliz is predicted to rise by over 50% by the year 2024. The price will start at $0.27 in January 2022 and will hit a high of $0.0150 by the end of the year. In five years, it is expected to rise to $1.56. The first price prediction was made in January 2022. Since then, the price fell to $0.004 on the pandemic. In addition, Chiliz has been investing $60 million into tokenization.
Zilliqa
The price of Zilliqa is quite cheap considering its recent launch of a metaverse. This metaverse was previously only open to VIP users and is still VIP-only. Zilliqa claims to be the first metaverse-as-a-service. It has partnered with global talent awards app Agora and several esports companies. Its team is also highly experienced. This relatively cheap cryptocurrency can be purchased on some top cryptocurrency exchanges in the U.S.
The Zilliqa blockchain is composed of shards that act like a separate blockchain and process transactions. Each shard contains a subset of the Zilliqa blockchain and is managed by the Directory Service Node. Nodes do not have to store the entire history of the network because they are separate. This is a good thing for investors because Zilliqa has sharding. This means that nodes in different parts of the world aren’t processing the same transactions.