Cryptocurrencies have taken the investing world by storm, offering opportunities for both seasoned investors and newcomers alike to get in on the action. With the market constantly evolving, it can be challenging to navigate the sea of options available. If you’re looking to add some affordable cryptos to your investment portfolio, here are the top 6 cheap cryptocurrencies to consider holding for potential gains in 2023.
1. **Cardano (ADA)** – Cardano is a blockchain platform that aims to provide a more secure and scalable infrastructure for the development of decentralized applications and smart contracts. Its native cryptocurrency, ADA, has garnered significant attention for its innovative approach to blockchain technology. With a strong team led by the co-founder of Ethereum, Charles Hoskinson, Cardano continues to make strides in the crypto space.
2. **Solana (SOL)** – Solana is a high-performance blockchain platform known for its lightning-fast transaction speeds and low fees. Its native cryptocurrency, SOL, has seen impressive growth in recent years, attracting developers and investors alike. With a focus on scalability and decentralization, Solana has positioned itself as a top contender in the competitive crypto market.
3. **Polygon (MATIC)** – Polygon is a layer 2 scaling solution for Ethereum, designed to improve the network’s speed and reduce congestion. Its native cryptocurrency, MATIC, serves as the fuel for transactions on the Polygon network. With the growing popularity of decentralized finance (DeFi) applications, Polygon has seen increased adoption, making MATIC a promising investment option.
4. **VeChain (VET)** – VeChain is a blockchain platform that focuses on supply chain management and product authentication. Its native cryptocurrency, VET, is used to power transactions and smart contracts on the VeChain network. With partnerships with major companies like Walmart and BMW, VeChain has established itself as a leader in the blockchain industry.
5. **Basic Attention Token (BAT)** – Basic Attention Token is an Ethereum-based utility token that is integrated with the Brave web browser. Users can earn BAT by viewing ads and then use it to tip content creators or support their favorite websites. With a focus on privacy and user control over advertising, BAT has gained a loyal following in the crypto community.
6. **Chiliz (CHZ)** – Chiliz is a blockchain platform that focuses on fan engagement in sports and entertainment. Its native cryptocurrency, CHZ, is used for voting on various decisions related to sports teams and leagues. With partnerships with major football clubs like FC Barcelona and Paris Saint-Germain, Chiliz has carved out a niche market in the sports industry.
Remember, investing in cryptocurrencies carries inherent risks, so it’s essential to do your own research and consider your risk tolerance before making any investment decisions. With careful consideration and a long-term perspective, these affordable cryptos could potentially offer lucrative returns in 2023. Happy investing!
