When it comes to diversity, the cryptocurrency market continues to expand with hundreds of new projects every day. However, we cannot say that all of them have good potential for growth. In this article, we list low-value, but high-growth altcoins like DOGE, XRP or XLM.
Low unit price altcoins with growth potential
Ripple (XRP)
XRP was developed by fintech company Ripple for lower cost and faster transactions. In the following years, the company became involved in a lawsuit that XRP was not registered as a security. Despite the uncertainty of the case, some analysts predict that XRP will reach $4 by 2025. But XRP price is still trading below a dollar. One of the reasons behind this expectation is Ripple’s environmental awareness.
Dogecoin (DOGE)
Dogecoin was initially on the scene as a humorous cryptocurrency. But it is no longer just a joke, as some investors are making serious profits. The leading meme coin rose steeply in 2021 due to the hype around Elon Musk. It also announced in December 2021 that “Tesla will make some products available for purchase with Doge and see how it goes.”
Dogecoin is currently trading around $0.05. Like the rest of the market, DOGE has been on the decline for months. But many investors see the decline as a buying opportunity. This is due to the possibility of possible Twitter integration.
Cardano (ADA)
Cardano is one of the first altcoins to adopt the PoS mechanism, which is more energy efficient than the mining mechanism used by Bitcoin. So far, it has processed over 20 million transactions last year. As a result, it performs impressively compared to its competitors. Cardano has several upcoming projects that are expected to raise its price. Analysts expect ADA price to exceed $3.10 in the long term.
Tron (TRX)
Tron is a Blockchain infrastructure for media contents and dApps. However, it is one of the most popular cryptocurrencies on the market. Ideal for traders looking for a cheap altcoin with low volatility. Another appeal of TRX is the absence of transaction fees. Tron is among the 25 cryptocurrencies with a market cap of approximately $7.5 billion. It is still one of the cheapest altcoins you can buy for under a dollar.
Stellar (XLM)
Stellar is a payment network that uses XLM as its currency. This crypto has a strong roadmap that will influence its growth in the coming years. The goal of the crypto project is to create a single network that supports all financial systems in the world. This means that Stellar can be used to send digital representations of any fiat currency alongside other cryptocurrencies.
With a market cap of $25 billion, XLM is extremely valuable. XLM price has ATH at $0.79. Many speculators expect it to reach $1.75 by 2025.
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Solana runs on a unique proof-of-stake (POS) and proof-of-history (PoH) consensus mechanism for fast and secure transactions. The altcoin project was developed to power DeFi and dApps. It is one of the fastest Blockchains available. It is also very popular among cryptocurrency speculators. Solana is expected to rise even more due to the increasing number of users. However, cryptocoin.comAs you follow, it has been interrupted many times in the last year.
