Cryptocurrencies are digital or virtual tokens that use cryptography to secure their transactions and control the creation of new units. Cryptocurrencies are decentralized, meaning they are not subject to government or financial institution control. Bitcoin, the first and most well-known cryptocurrency, was created in 2009. Cryptocurrencies are often traded on decentralized exchanges and can also be used to purchase goods and services.
Today, we will talk about some cryptos under $5 with great potential to grow and provide you with some good returns in 2022.
Cryptocurrencies Under $5
Cardano (ADA)
Cardano is a blockchain platform and cryptocurrency with a focus on security, scalability, and decentralization. It is built on the Ethereum platform and is currently in development.
Currently priced at under $1.18 a piece and ranked 7th by market cap, Cardano has a ton of potential. It reached an all-time high of over $3 in mid 2021.Developed with a scientific philosophy and research-driven approach, Cardano has one of the highest ratings of all cryptocurrencies when it comes to developer engagement.
The project recently released their Alonzo upgrade, bringing smart contract capabilities to the network. Non-fungible tokens (NFTs) are also functional on the network, and with extremely low transaction costs, Cardano is a viable network for them. The project has put a ton of time into gaining market share in Africa and has deals with multiple governments and organizations in the continent.
According to our Cardano price predictions, the value of the ADA coin will be around $3-3.5 by the end of 2022.
Polygon (MATIC)
Polygon is a cryptocurrency, with the symbol MATIC, and also a technology platform that enables blockchain networks to connect and scale. Polygon “Ethereum’s internet of blockchains”— launched under the name Matic Network in 2017.
The Polygon platform operates using the Ethereum blockchain, and connects Ethereum-based projects. Using the Polygon platform can increase the flexibility, scalability, and sovereignty of a blockchain project while still affording the security, interoperability, and structural benefits of the Ethereum blockchain.
Polygon is currently ranked 15th by market cap. Its all-time high is over $2.50 which it reached towards the end of 2021. According to Coinmarketcap, Matic was trading at $1.35 as of the time of writing. But Capital.com, Matic might reach $2.18 by the end of 2022, which is an impressive performance.
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