What are the cheapest cryptocurrencies in 2020? The continued popularity of the digital money world has led to the development of numerous promising digital currency projects to invest. By examining the basic information of these projects and having information about their operations in the market, you can make high profits.
We think it’s important to search for projects that have the following two features:
Innovation: we think that not only conceptual but also technical innovation is important. A currency that does not offer any innovation will have difficulty competing with the main brands of the crypto world, because innovation is essential in this market.
Transparency: looking for suitable digital money for an investment; It is important to know the team of developers, their goals, and the current state of the cryptocurrency application.
Of course, it is possible to bring the continuation of the list, but since we have dealt with this issue in our previous articles, we will not go into detail in this article.
Finally, you should always keep in mind that these are high-risk investments. The chances of winning are great and the chances of losing are great. It is worth recalling the basic investment principle: Diversify your investments and never put all your eggs in one basket!
Here is the list of 7 cheapest coins to invest:
1. Stellar (XLM)
Stellar is one of the most traditional cryptocurrencies on the market. Despite its low cost (about $ 0.06 per XLM unit), Stellar is one of the top 15 cryptocurrencies in the market. Today, it is estimated to be 1.2 billion dollars.
This project is very similar to Ripple’s XRP as it is a money transfer platform. For example, if you want to send US dollars to Chile, you need to deposit USD on the platform: the USD will be replaced by XLM and then XLM will turn into Chile pesos, all of which can be done at a very low cost.
However, compared to XRP, Stellar is not central. The XLM team is also very important when deciding what direction this digital currency will go. With an innovative project and a reliable team, we think that XLM still has the potential to grow.
2. Chainlink (LINK)
The Chainlink project was developed to create a bridge between consumers and vendors of goods or services. To establish such a bridge, users who provide supply / demand data are paid with LINK, the platform token. A LINK has a cost of about $ 2.60 and a market cap of $ 939 million. Currently, it is the 17th largest currency in the crypto world.
Chainlink was founded in 2017 and has significant partnerships with major companies such as Google Clouds and Dapps Inc. We think it is a project with great potential in 2020.
3. Ontology (ONT)
Currently, Ontology is one of the top 30 cryptocurrencies in terms of market value. Currently valued at $ 0.65 per unit of ONT, this currency offers a public blockchain system with smart contracts. Besides its use in daily payments and transfers, smart contracts allow it to be implemented in software and in certain markets. In this sense, we think it is an investment with great potential for 2020.
4. Basic Attention Token (BAT)
Basic Attention Token simply allows BAT users to charge their internet advertising consumption.
It is built on Ethereum network technology. Currently, it ranks 31st in terms of market value, worth $ 311.847.905. The price of the digital unit is about $ 0.22.
Ravencoin (RVN) is based on a Bitcoin Fork (fork) and aims to optimize BTC at several points, using an algorithm called XR16 that provides higher efficiency in the mining process.
In addition, the RVN platform allows companies or individuals to easily create their own tokens to use in projects that are most suitable for them. Currently, the cost of an RVN is about $ 0.026. It is the largest cryptocurrency in the market value of $ 138,966,159 and the 42nd.
6. OmiseGo (OMG)
OmiseGo is a digital payment platform owned by OMG, its token in 2017. The purpose of this company is to revolutionize the current financial market by allowing users who do not have access to traditional banking institutions to buy, sell, store and access a wide range of financial services.
The headquarters is in Thailand’s capital, Bangkok, and the cryptocurrency is $ 0.78 per one. Its market value is $ 110,750,856, it is the 46 largest currencies in the market. This year has great growth potential.
7. BitTorrent (BTT)
BTT was launched in 2019 and is the cryptocurrency of BitTorrent, one of the most traditional file sharing programs used by more than 100 million people worldwide. The idea behind this project is to extend the use of blockchain.
The purpose of BTT is to allow creators and users to share files and perform crypto transactions as a form of payment.
Currently, the price of a BTT unit is $ 0.00036 and its market value is $ 76.334.325, making it the 61st largest cryptocurrency.