Cryptocurrencies are all the rage these days, particularly with speculative investors. What used to be a “fringe” investment is now front and centre. Even financial networks like CNBC talk about bitcoin daily and keep a ticker up on the screen showing the current price.
If you’re ready to invest in crypto, check out the 5 cheap options that could generate nice returns in 2024 and beyond:
- XRP (XRP)
- Dogecoin (DOGE)
- Polygon (MATIC)
- Stellar (XLM)
- Shiba Inu (SHIB)
1. XRP (XRP)
- Coin price as of March 19: $0.580
XRP is an open-source cryptocurrency that uses an open-source distributed ledger called XRP Ledger. It was developed by Ripple, an enterprise blockchain company that facilitates global transactions. Ripple says XRP was built for payments and can settle transactions faster, more reliably and at a lower cost than is possible over standard global payment infrastructure.
2. Dogecoin (DOGE)
- Coin price as of March 19: $0.1290
Dogecoin originated as something of a joke, but it has become quite real for those who have profited from it. The coin is certainly “cheap” at less than $0.15 per coin as of March 19, especially compared to its 52-week high of $0.1828.
3. Polygon (MATIC)
- Coin price as of March 19: $0.940
Polygon is a decentralized application built on the Ethereum network as a way to expand Ethereum into a multichain system. Backed by Coinbase and Binance, Polygon could be the solution developers need to deploy decentralized applications faster, more efficiently and less expensively, Benzinga noted, calling MATIC the most promising “layer two” token — that is, one built on an existing blockchain.
Analysts say Polygon is backed by a strong team and sound technology, which makes MATIC a good bet in the longer term.
4. Stellar (XLM)
- Coin price as of March 19: $0.1230
Stellar is its own payment network, and it uses stellar lumens as its currency on that network. While the network can be used by anyone, it was envisioned to connect financial institutions making large transactions. On the Stellar network, these types of transactions can be done nearly instantaneously at little to no cost, unlike with traditional, or even competing blockchain, networks.
5. Shiba Inu (SHIB)
- Coin price as of March 19: $0.00002550
Shiba Inu is an altcoin named after the dog breed. The coin is compatible with the Ethereum blockchain through a bridging protocol from the Ren Project. A game based on the coin, Shiba Eternity, launched in late 2022. SHIB investors seem hopeful that the game will increase the coin’s popularity.
