New cryptocurrencies are created every day, and savvy investors are always there to jump on that news. Unfortunately, due to the massive amount of noise, it can be difficult to find excellent projects that may be hidden from your view, and if you don’t have much money to invest in cryptocurrency then many of your top choices could be out of your price range.
While it hurts to have missed these powerful projects, don’t worry, because in this article we’re going to go over some dirt cheap cryptocurrencies that could prove to be very valuable this year.
Those pricey coins and tokens were not always that way. It took investors who were willing to take a chance on them first, and you can do the same with an entirely new generation of projects that are just starting. Let’s take a look at some interesting coins that are very cheap right now.
Hydrogen (Less than a penny)
This quiet little cryptocurrency is priced at under a penny, but they’ve got some really interesting technology in their pipeline. This project is giving banking institutions an on-ramp that will allow them to create a quick and easy verification process on the blockchain, and an added security protocol to protect financial transactions.
There’s a lot of excitement brewing around this platform, and they’ve recently announced some major banking partnerships. One with Canada’s CI Financial, and the other, a top 20 banking institution has yet to be disclosed.
Flash (0.01)
Flash is a high speed, low transaction cost currency that has been quietly marking off tasks on its roadmap. They’ve already accomplished quite a bit, such as getting integrated in General Bytes ATM systems and partnering with FTI Foods, who will be acquiring over 50 million of the 900 million maximum coin supply for their barter market and tracking system they plan to implement for the food industry.
Flash is also waiting on an exchange listing with Mammoth, who will not only give investors a way to purchase Flash directly with fiat currency, but it will also launch as a base trading pair for the platform.
Electra (Less than a penny)
This coin meant for microtransactions has a surprisingly large community of supporters, and while they have experienced some initial issues with the Coinsmarkets debacle, they are making serious strides on their roadmap, and their trading volume is growing.
They’ve recently released an updated wallet with a more user-friendly UI ahead of their hard fork, and they are working on releasing two key features, ElectraPay for merchants, and atomic swaps, which will allow users to instantly trade between various coins in their wallets.
PayFair (0.07)
Now that LocalBitcoins is insisting that “high volume” users commit to KYC, those people will need a safe refuge. That place is PayFair. This cryptocurrency provides a decentralized escrow platform that operates using smart contracts. Users can trade their currencies and eventually other things like goods and services and be sure that they are actually going to get paid!
Transaction fees are kept low thanks to the way the system is run, and investors can even get paid to help facilitate this by running nodes. You can run an escrow node to act as an arbitrator during transaction disputes, or a trust node that simply verifies transactions that are passing through. While the price of this asset has taken a beating, the team continues to make new releases that will soon attract the attention of those sick of more centralized platforms.
As you can see, there’s plenty of great projects available for dirt cheap right now, and if you’re diligent in your search it’s easy to find promising projects that you can afford. This is only a short list, but there are many more projects like these. By utilizing various online tools you can quickly find your very own picks with a little effort and the desire to learn.
As always, it’s important to do your own research, and you should thoroughly vet any potential assets before investing your hard-earned money. The coin’s website is a good place to start, but social media can also offer additional insight which you can use to form your own conclusions as to the value of their product.