Cheaper cryptocurrencies are more accessible to a larger number of people and make it easier for small investors to gain exposure to the cryptocurrency market. Moreover, crypto coins that trade below 10 cents have the potential for high returns if their value increases in the future. For example, if a coin’s value increases from 1 cent to 10 cents, the return on investment is 900%.
In this article, we will take a look at the top crypto coins under 10 cents that are worth considering in 2023.
Dogecoin has gained significant popularity and recognition due to its fun and lighthearted approach to cryptocurrency, which has helped it build a large and dedicated community of supporters.
Some investors see Dogecoin as a long-term investment with the potential for significant growth. They believe that as the coin gains widespread adoption and usage, its price will increase over time. The value of Dogecoin has also been pumped up by several famous people. Some of the most notable ones include Elon Musk, Snoop Dogg, Mark Cuban, and Gene Simmons. Some also speculate that DOGE could soon become the cryptocurrency of Twitter.
Dogecoin is currently trading low at $0.08135. The token reached its yearly peak in April and was priced at $0.1725.
Similar to Dogecoin, Shiba Inu has a large and dedicated community of supporters who are actively involved in promoting and using the coin. This community involvement could drive demand for Shiba Inu and increase its popularity. In addition to its dedicated supporters, Shiba Inu is also actively working on expanding its reach and impact through partnerships and collaborations. With the creation of its own metaverse, Shiba Inu will build an even larger community of users and drive further adoption of the coin.
SHIB has seen significant price gains since its launch, and some investors see it as an opportunity to earn high returns in a short period of time.
The coin has seen a recent surge in value, with the token now worth $0.00001252. In the past week alone, Shiba Inu experienced its highest peak in the past three months. While the coin has yet to reach a value of one cent, its recent performance highlights the potential for significant growth and demonstrates the increasing interest in this cryptocurrency.
3. Tron (TRX)
Tron has a large and growing user base, which is a key factor in the growth and success of any cryptocurrency. With a significant number of users, Tron has the potential to gain wider adoption and increase in value over time. The token is designed to handle high-volume transactions, making it a fast and efficient cryptocurrency. This scalability could make Tron more attractive to businesses and individuals looking for an affordable cryptocurrency that can handle their transaction needs.
Tron is a decentralized platform that supports the development and deployment of decentralized applications. The growth of the dApp ecosystem on Tron could lead to increased demand for TRX and drive its value higher.
Currently, TRX costs $0.06443. Since its launch, TRON has consistently demonstrated its potential, reaching a peak in 2018 when the token’s value soared over 20 cents.
Stellar is designed to handle fast, low-cost transactions, which makes it appealing for businesses and individuals looking to make quick and inexpensive transfers. Stellar also aims to provide access to the global economy for developing countries. Its use of Lumens facilitates seamless conversions and the ability to send funds in multiple currencies. The Stellar payment protocol is built on decentralized ledger technology and is a community-driven, open-source network.
The price of XLM is experiencing a downward trend, but because of its positive features, the price could go up in the next bull run. The token is currently worth $0.08377.
Hedera is a robust and sustainable enterprise-grade public network for the decentralized economy, enabling individuals and businesses to develop innovative dApps. It offers a more equitable and efficient solution compared to traditional blockchain platforms by overcoming limitations such as slow performance and instability.
Hedera has a unique governance model where a council of trusted organizations governs the network, providing stability and reducing the risk of centralization. The features can potentially increase demand for HBAR and drive its value higher.
The price of Hedera has been going upward for the last three months, and it’s now valued at $0.08038. Last week, HBAR almost reached 10 cents ($0.09839).
Conclusion
Investing in crypto doesn’t have to require a lot of funds and high costs. Sometimes, all it takes is a robust community, a trusted organization, and interesting use cases to hit big in crypto. If you look into coins like Doge Coin, Shiba Inu, Tron, Stellar, and Hegada, you’ll see they offer a lot of promising characteristics and have seen great growth. While it’s always important to exercise caution when making any sort of investment, if you have some cash lying around, why not use it to buy crypto?
Read More: mpost.io