Cheap digital currencies have a future in 2022

Cheap digital currencies have known a great spread and boom in recent days, especially for day traders and speculators. Cryptocurrencies as low as $1 or maximum of $5 are attractive coins for investors who have the ability to take great risks with the potential to make a big profit. While investing in cheap cryptocurrencies can sometimes be profitable, you should not invest within what you can afford. As great as the potential is, it may also involve great risks for beginners.

Are you looking for cheap digital currencies that have a future in 2022?

Here is a detailed list of the best cheap cryptocurrencies that have a future and are expected to be profitable coins for 2022.

1. The Shiba Inu . coin

SHIB has seen its price rise by more than the top 10 leading cryptocurrency, and more than its rival Dogecoin.

It is the cheapest currency on this list, and it has huge growth potential. It trades for less than a cent, but has a market capitalization of over $3 billion. In the past month, Sheba has nearly tripled returns. It was considered the biggest winner on Coinbase. Its market value skyrocketed right after Tesla CEO Elon Musk posted a picture of his new Shiba Inu puppy with the caption Floki Frunkpuppy on Twitter.

Elon Musk used to post crypto messages on Twitter that had a skyrocketing effect on the cryptocurrency market. However, it is impossible for Chiba to reach the price of one dollar due to the high number of units available to trade, i.e. it takes more money than is in the economy to reach that price.

2. (SAND) Sandbox Coin

The Sandbox coin entered bullish mode on October 28 and made the highest jump on October 30. The SAND coin price continued its uptrend strongly after that.

The impact of Facebook's renaming to Meta has moved all metaverse coins to the moon, with the mana coin (MANA) leading the race, with the mana coin showing a nearly 350 percent improvement in value in less than three days. And with the metaverse now on a revival, the chances of the Sandbox to continue racing to the top are still up.

3. Currency (MANA) Decentraland

The Decentraland project is a platform built on the network of the Ethereum blockchain. It uses the MANA token to be its main currency. Through these tokens, plots of land are purchased, built, leased, and earned a stable income. There are no restrictions on what people can build or share in this virtual world. It is the first wholly owned digital platform for its users, and its concept is very similar to the popular game Second Life.

Here are three main factors that make MANA among our list of the best cheap cryptocurrencies with a future in 2022:

Over $1 billion invested in MANA. This is well above the market value of the vast majority of coins.

It has excellent liquidity, which can be bought, traded or sold on about 100 different trading platforms. As of January 2021, Binance, OKEx and Coinbase Pro are among the most liquid exchanges for MANA.

Decentraland has a bright future thanks to its exposure to the growing NFT market, and is considered one of the leading promoters of the digital real estate sector.

However, cryptocurrency traders should be especially careful when trading cryptocurrencies, as they are very volatile.

4. VeChain

If you are really looking for a cryptocurrency that is very cheap and has a future, then VET might just blow your mind. It trades at just over $0.721 per coin. The stability of the price of this currency is noted, which passed a strong corrective period at the end of last year. At the same time, its trading volume has increased significantly during the recent period.

The market capitalization of VChin currently exceeds $7 billion, the number of cryptocurrency units in circulation in the market is 64 billion, and the maximum supply of cryptocurrency units available for trading is exactly 86,712,634,466.

5. Basic Attention Token

It is called the currency (BAT) for short. By 2021 its price was $0.2, and it started gradually rising. With the boom in the cryptocurrency market, it reached an all-time high, with its price reaching $1.53 on the ninth day of last April. But the price fell below $1 when the cryptocurrency market crashed within a month, and the price of BAT in particular fell to $0.48.

After recovering from the market crash, the price of BAT started rising again, reaching $0.98 last September. Once again, market turmoil due to Chinese restrictions brought the price down to $0.58. But the price of the currency soon returned to rise, reaching $0.99 on this day.

BAT is one of the digital currencies for which analysts predict a promising future. It appeared a short time ago, and during this period it succeeded in occupying an advanced position among all the digital currencies that appeared years ago. It helps online advertisers make more money, gives users a high degree of security and privacy as their data is untraceable, and protects them from malware.

6. Polygon Coin

The “Polygon” coin experienced an incredible increase in price by 13,000% last May, its price was below $0.02, but the price rose to $2.68 by May. However, this high price did not last long. The price of the currency declined and then rebounded, to currently reach the level of $2.05.

Polygon was created to scale Ethereum and improve the infrastructure. It is an India-based currency that aims to make transactions cheaper and faster on the Ethereum blockchain. According to Coinmarketcap, Polygon has a market capitalization of $8.3 billion, and there are 6.72 billion MATIC units in circulation.

7. ADA Cardano coin

At less than $1.13, Cardano remains a very cheap cryptocurrency for most investors, even after achieving over 1,000% gains. This price increase is due to a recent update that added the ability to build smart contracts.

Due to its flexible network and fast transactions, Cardano is expected to remain one of the most popular cryptocurrencies. According to Coinbase, Cardano is a “blockchain” built on a protocol called Ouroboros, which can verify transactions without high energy costs.

The article does not express a recommendation or nomination, but rather a mere monitoring of market fluctuations, as trading in digital currencies involves high risks, including the risk of losing some or all of the investment amount, knowing that it is not completely subject to financial authorities and markets.