Looking for a cheap cryptocurrency to invest in 2022? Well, here are the top three. Cardano is a privacy focused cryptocurrency, NEO is a smart contract platform, and Shiba Inu is a multi-billion dollar digital asset. Keep reading to learn more about them! The best cheap cryptocurrency to invest in 2022 might be right under your nose! But how can you tell which ones are worth your time?
Cardano is a privacy-focused cryptocurrency
If you’re considering investing in a new crypto currency, Cardano may be worth considering. This privacy-focused cryptocurrency was released in September 2017 via an ICO and is still in development, but it already has many of the key features of a modern blockchain. It also meets the needs of regulatory organizations, such as the SEC and the FCA. It’s not the easiest crypto currency to purchase, though. For this reason, you’ll need to do a little bit of research ahead of time.
Unlike other cryptocurrencies, Cardano uses a peer-review system for its software updates. This peer-review process requires that changes be approved by a majority of Cardano users before they’re released. While this slows down the development process, it prevents future glitches and breakdowns. With more than 2,000 developers, this privacy-focused cryptocurrency is a great option for investors.
Its price is forecast to skyrocket by 2022, and it’s expected to enter the institutional adoption circle in the near future. While there are a number of other cryptocurrencies that could reach $10, Cardano’s price is expected to double in 2022 and even hit $22. To achieve that, it would need a 30x increase in market cap, a huge increase compared to Ethereum. Meanwhile, the cryptocurrency’s environmental benefits will make it stand out from the rest of the crowd. Its recent software update puts it into direct competition with Etheruem.
NEO is a smart contract platform
NEO is a blockchain project that was first called Antshares before renaming itself. NEO is often referred to as the Chinese Ethereum, as it aims to foster a smart economy and simplify the creation of smart contracts. Its currency, GAS, is used to make transactions on the NEO network. As an investor, you can get into NEO right now for cheap cryptocurrency.
While NEO has not reached the $50 mark yet, the projections for the next five years are favorable. Its price will remain above $120 in 2025, rise to $160 in 2026, and then aim for $200 in 2027. Wallet Investor’s price projections do not extend past 2022, but it does indicate that the price of NEO may rise as high as $48.
While the future is still uncertain for NEO, it is still likely to rise. The price of NEO has consistently deviated from its regular path over the last few years. In fact, it may be at its highest in 2022, and then plummet to around $15 in 2023. NEO is also likely to be hampered by competition and the markets playing hide-and-seek. Still, despite its recent price increase, there are still many challenges ahead for this cryptocurrency.
Shiba Inu is a multi-billion dollar digital asset
According to the latest reports, the value of the crypto currency Shiba Inu has soared to nearly $19 billion, making it the world’s 13th-largest. Its price has risen more than sixty-million percent since it reached a low in November 2020. If you invested $17 in it last year, it would be worth $10 million today.
The value of a single Shiba Inu would be over $550 trillion in 2025 if it had a market cap of just one dollar. For comparison, the value of the entire world’s economies would be more than $116 trillion by 2025. As a result, investors should stay away from Shiba Inu. While the value of the cryptocurrency is still high, it has potential use cases. Its creator, John Wu, has already donated 50% of the Shiba Token to the co-founder of Ethereum, Vitali Buterin.
In addition to its value as a meme coin, Shiba Inu has a wide range of uses. This cryptocurrency has the potential to be the next Dogecoin and is on a rise. There are several popular cryptocurrency exchanges and social trading platforms that offer a wide range of trading tools. One of the most popular crypto exchanges is Binance, which is expected to launch Lucky Block in the near future.