Did you know that when Bitcoin first launched, if you would’ve invested just $1, today you’d be a Bitcoin millionaire? Now investing one dollar today in Bitcoin isn’t going to make you a multi-millionaire anymore.
But in the latest video, Joe Parys, a famous entrepreneur in cryptocurrency, has shared the top 3 cheapest altcoins under one dollar that can have massive growth potential, and the best part is, anyone can buy these on the open market giving you the chance to get in before anyone else.
Ripple (XRP)
The next altcoin on the list is Ripple (XRP). To begin with, it’s important to understand the difference between XRP, Ripple, and RippleNet. XRP is the currency that runs on a digital payment platform called RippleNet, which is on top of a distributed ledger database called XRP Ledger. While RippleNet is run by a company called Ripple, the XRP Ledger is open-source and is not based on blockchain, but rather the previously mentioned distributed ledger database.
Ripple just got permission to explain fair notice defense versus the SEC. This is a massive win for them in this case. And if they win this case, this cryptocurrency is going to go above a dollar and beyond.
Ripple is a digital asset built for payments and it’s a native digital asset on the XRP ledger, an open-source permissionless, and decentralized blockchain technology that can settle transactions within three to five seconds.
Users can send XRP directly without needing a central intermediary making it a convenient instrument in bridging two different currencies quickly and efficiently.
XRP is faster, less costly, and more scalable than any other digital asset. XRP and the digital ledger are now used to power innovative technology across the payment space.
XRP only takes 0.07 minutes, handles 1500 transactions per second, 24/7, and can scale to handle the same throughput as Visa. XRP is also run by a decentralized network of 150 validators globally. That’s why Ripple has a huge potential to gain big profits in the near future.
VeChain (VET)
The second altcoin to mention is VeChain (VET). VeChain began in 2015 as a private consortium chain, working with a host of enterprises to explore applications of blockchain. VeChain would begin their transition to public blockchain in 2017 with the ERC-20 token VEN, before launching a mainnet of their own in 2018 using the ticker VET.
VeChain took second place on the list because Grayscale is considering VeChain and a lot of other coins to list for four low market cap coins. Grayscale is the world’s largest crypto asset manager now holds 25 coins to the list of assets that are considered to make as investment products these would include VeChain.
If VeChain becomes one of these cryptocurrency coins, that’s going to be held under the management of Grayscale, it is the potential to rise in the future.
VeChain is the public blockchain that delivers its value from activities created by members within the ecosystem solving real-world economic problems. VeChain is a blockchain platform designed to enhance supply chain management and business processes. Its goal is to streamline these processes and information flow for complex supply chains through the use of distributed ledger technology (DLT).
The VeChain platform contains two distinct tokens VeChain token (VET) which is used for transfer value across VeChain’s network. And VeChain Thor energy (VTHOR) is used for energy or gas to power smart contract transactions.
VeChain actually can have a network effect and really be used and actually be a cryptocurrency that could be adopted worldwide.
Shiba Inu (SHIB)
The last cheapest altcoin to mention on the list is Shiba Inu (SHIB). According to the Shiba Inu website, SHIB is the “DOGECOIN KILLER” and is listed on their own ShibaSwap, a DEX.
One of the things that they have currently is their ShibaSwap and this is where you can buy SHIB, the LEASH token, and also the BONE token. The amount of TVL just for ShibaSwap is approximately a quarter of a billion dollars. This shows that people are buying these tokens pairing them together and then earning yield.
If you were to buy Shiba Inu token today, you could potentially do a 10x in the future. That’s an amazing ROI on your investment.
Sign up for a Binance account here (Discount 10% trading fees): https://accounts.binance.com/en/register?ref=29171587
Read more:
- XRP Price Is Surging In Price As SEC Lawsuit Against Ripple Reaches A Crucial Turning Point
- XRP Price Rises By 16%, Outperforming Top 10 As Crypto Market Recovers