10 Best Cheap Cryptocurrencies to Buy in 2022

Last year, many investors entered the cryptocurrency market for the first time. Their focus was mainly on Bitcoin and Ethereum, which have grown in price significantly. However, those investors who invested in cheap cryptocurrencies, some of which increased in price tenfold, were able to make a lot of money.

Today, we decided to tell you about the best cheap cryptocurrency to invest in 2022. Our goal was not just to choose the cheapest coins on the market but also to evaluate their real prospects. Let’s get started!

#1 Lucky Block (LBLOCK)

  • Price: $0.000907
  • Market capitalization: $37,143,803

Lucky Block envisions a worldwide lottery with players using Blockchain protocols, operating on the Binance smart chain. The focus of Lucky Block is to develop further transparency and fairness in gaming, creating a lottery where every player has better win odds while providing a solid investment strategy for token holders and contributing to the community.

At the same time, LBLOCK is the fastest-growing cryptocurrency in history. The LBLOCK token is a vital part of the project’s lottery ecosystem. All its holders will also be able to profit from every jackpot on the platform. 

All-Time LBLOCK Price Chart

#2 Ankr (ANKR)

  • Price: $0.02813
  • Market capitalization: $229,220,213

Ankr is a decentralized blockchain infrastructure provider that operates an array of nodes globally distributed across over 50 Proof-of-Stake networks. This infrastructure helps drive the growth of the crypto economy while powering a full suite of multi-chain tools for Web3 users.

ANKR is an ERC-20 token that powers Ankr, an autonomous cloud computing platform. Some experts consider it more efficient than other competing blockchain networks and even traditional services like AWS. 

All-Time ANKR Price Chart

#3 Tron (TRX)

  • Price: $0.06732
  • Market capitalization: $6,225,855,273

TRX was initially released as an ERC-20 token but has since moved to its own network. It supports smart contracts, decentralized apps (dApps), and other blockchain systems. Tron positions itself as an alternative to Ethereum as a dApp deployment platform.

Tron’s main purpose is to bring consumers and content providers together for peer-to-peer transactions. In 2018, the company’s purchase of BitTorrent, a file-sharing service, was a significant step toward that aim. The platform can handle 2,000 transactions per second. As such, Tron is now on par with big payment processors like PayPal in terms of performance.

All-Time TRX Price Chart

#4 Fetch.ai (FET)

  • Price: $0.0742
  • Market capitalization: $55,368,834

Fetch.ai is a blockchain-based AI and machine learning platform that provides what it refers to as ‘digital twins’, which are copies that are meant to make life simpler for both personal and professional users. The digital twins offered by this project can help people with mundane activities like food preparation and parking.

FET, the project’s token, is used to find, create, deploy, and train the aforementioned digital twins. It is a key part of the platform’s ecosystem, particularly of its smart contracts and oracles. FET can also be staked.

All-Time FET Price Chart

#5 Chiliz (CHZ)

  • Price: $0.09874
  • Market capitalization: $590,200,246

Chiliz is the leading digital currency for sports and entertainment by the eponymous Malta-based FinTech provider. It operates the blockchain-based sports entertainment platform Socios, which enables users to participate in the governance of their favorite sports brands via fan tokens. 

Fan tokens give users access to such things as carrying out surveys and polls regarding any club-related decisions and activities, booking VIP experiences, getting exclusive deals, and so on. CHZ, in turn, is the platform’s native token, which is used in purchasing the aforementioned fan tokens. 

All-Time CHZ Price Chart

#6 Stellar (XLM)

  • Price: $0.1087
  • Market capitalization: $2,723,216,366

The Stellar (XLM) cryptocurrency was created to significantly speed up online transactions without high commissions and middlemen. Since its launch in 2014, the project has partnered with renowned companies such as IBM, Grayscale, and Franklin Templeton. 

Payment systems and businesses use XLM to facilitate cross-border transactions, requiring as little as $0.00006 per transaction. And it is much cheaper than traditional payment systems such as Visa and Mastercard. XLM is expected to become more widespread in the coming years, driving up its price.

All-Time XLM Price Chart

#7 Ren (REN)

  • Price: $0.1231
  • Market capitalization: $122,979,626

The Ren project was built to provide liquidity, facilitate interoperability between different blockchain platforms, and overcome some of the most pressing issues in the DeFi sphere. It allows DeFi projects to interact with foreign cryptocurrencies like Bitcoin. Ren lets users bypass wrapped versions of crypto coins and tokens, like WBTC.

REN, in turn, is an ERC-20 token that enables the normal functioning of an open protocol that goes by the same name. 

All-Time REN Price Chart

#8 DeFi Coin (DEFC)

  • Price: $0.1322
  • Market capitalization: $1,543,652

DEFC is one of the best altcoins on the market for value potential since the coin has already produced triple-digit returns for token holders since the launch of DeFi Swap in early May. Since DEFC is the exchange’s native token, investors can gain exposure to DeFi Swap’s growth by holding DeFi Coin in their portfolio.

DeFi Coin’s supply is fixed at 100 million tokens, with a built-in ‘manual burn’ mechanism designed to reduce the total supply over time. This makes DEFC a deflationary asset and promotes bullish momentum as the remaining tokens are deemed scarce. 

All-Time DEFC Price Chart

#9 Ripple (XRP)

  • Price: $0.3226
  • Market capitalization: $15,610,164,681

Ripple (XRP) is one of the most famous and ‘old’ cryptocurrencies. The project was created back in 2012 to optimize payments using the Ripple blockchain. The coin has been consistently ranked within the top 10 on CoinMarketCap for the last few years.

In addition to processing payments at high speed, blockchain also has one of the highest levels of financial security. Thanks to this, the company’s technology is now used by hundreds of the world’s leading banks and financial corporations, which ensures high demand for it.

All-Time XRP Price Chart

#10 Basic Attention Token (BAT)

  • Price: $0.4323
  • Market capitalization: $644,908,769

Basic Attention Token is a token that powers a new blockchain-based digital advertising platform designed to fairly reward users for their attention while providing advertisers with a better return on their ad spend.

BAT is the reward unit in this advertising ecosystem and is exchanged between advertisers, publishers, and users. Advertisers pay for their advertising campaigns in BAT tokens. 

All-Time BAT Price Chart

Conclusion

The cheapest cryptocurrencies are digital assets that can be bought for less than $1. In favorable market conditions, they can provide a huge income. However, you need to invest in them carefully and wisely. Good examples of success were in 2022 — Dogecoin (DOGE) and Shiba Inu (SHIB) coins grew by tens and hundreds of times.

What crypto coins do you invest in? Feel free to share your favorite ones in the comments below!

Disclaimer

This information is provided for informational purposes only. Such information is not intended as and may not be relied upon as trading advice. Before deciding to trade cryptocurrencies, you should carefully consider your objectives, level of experience, and risk appetite. Please do your own research and due diligence on the services provided by online cryptocurrency trading platforms.

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