26 Jan 5 Cryptocurrencies Under $5
Everyone’s heard of Bitcoin, but how many people can actually afford it? Sure, you could buy 0.0001 BTC, but where’s the fun in that (not to mention the huge transaction fees right now)? Wouldn’t you rather get an entire token? If you’ve got the crypto-itch, then I’ve got the cure. Here are 5 cryptocurrencies for under $5.
Currently selling for $0.621814 USD.
First of all, what is Stellar (XLM)? Stellar is a way to send money across borders quickly at a low cost. It runs on an open-source network and is being developed by a team of finance professionals.
Some of the great things about Stellar are its transaction times and costs. The Stellar network itself is free to use. When conducting a transaction, the fee to the sender is currently set to 0.00001 XLM, which comes out to less than a penny. This fee is a way to deter users from flooding the network with transactions, slowing it down. Transactions currently take only mere seconds – beat that Bitcoin.
Stellar has been taking off this year, as can be seen in the chart below. Some of Stellar’s most notable news includes the fact that IBM, along with several large banks, is using the Stellar network to develop a cross-border payments system. Recently, Stellar was chosen as the network to run the ICO for Mobius, which raised $39 million in two hours.
Stellar is currently the 6th largest cryptocurrency by market cap and has gone up by 2.37% in the last 24 hours. Stellar has been a popular altcoin choice among the community as of late and continues to start conversations.
Currently selling for $0.067087 USD.
In the last 24 hours, TRON has declined by 1.23% (which, to be fair, could be a lot worse). Overall, however, TRON has increased by 2899% for the year so far, which is pretty impressive. Currently, TRON is the 14th largest cryptocurrency by market cap.
Additionally, TRX is another subject of hot debate in the crypto community, with TRON long-term holders aplenty.
TRON’s goal, according to its website, is to construct a worldwide, free content entertainment system using blockchain technology.
TRON is currently in its “Exodus” stage (stage 1 of 6 for the overall legacy). “Exodus” is the data liberation stage. During this stage, which is set to run from August 2017 – December 2018, TRON plans to give users “a completely free and reliable platform for data publication, storage, and dissemination.”
Despite its recent struggles, TRON has been listed as a great long-term investment, most notably for its extensive roadmap and introduction of TRON POWER.
Currently selling for $2.53 USD.
“Scalable smart contracts interfacing with real-world data,” so says Aeternity’s website, which also totes the blockchain’s ability for scale, transparency, and efficiency. Aeternity (AE) is looking to ready blockchain technology for mass adoption.
If you’re looking for privacy, security, and low cost then Aeternity might be an option for you.
A relatively new coin, Aeternity’s price is starting to make a comeback, gaining 17.85% in the last 24 hours. Aeternity is currently sitting at number 51 for largest cryptocurrency by market cap.
Aeternity is looking to improve smart contracts and create a whole new blockchain that is capable of processing an unlimited number of transactions. The team may actually be able to pull this off, based on the technology behind it.
Aeternity’s successes so far include raising close to $24 million in the second stage of its ICO. The ICO pre-sale raised close to $5.2 million.
Currently selling for $0.616149 USD.
First of all, it’s important to point out that Cardano (ADA) wasn’t created with the same concept in mind as many of the other cryptocurrencies out there. Cardano’s website states that it takes a research-first driven approach to blockchain: “Cardano is a blockchain platform evolved out of a scientific philosophy.”
According to its roadmap, Cardano is in the “Byron” stage, or its bootstrap era. The goals of “Byron” are to begin the full decentralization of Cardano that will be capable of surviving in a centralized world. “Byron” is all about improvement: design, integration, and beyond.
Cardano strongly relies on the community that backs it.
Cardano is currently down 3.53% in the last 24 hours but is ranked as the 5th largest cryptocurrency by market cap.
Currently selling for $1.82 USD.
Bear with me on this one. Yes, 0x (ZRX) has received some critique in the past, but it does seem to be recovering. Since December, the coin has largely been climbing.
In the last 24 hours, 0x (pronounced “zero-x”) has climbed by 10.30%. It is currently ranked as the 37th largest cryptocurrency by market cap.
0x runs as part of the Ethereum blockchain and uses Ethereum smart contracts. 0x is looking to find a balance between the decentralized and the centralized.
The three main concepts of 0x are having a trustless exchange, sharing liquidity, and being open-source. 0x is looking to be a building block for dApps.
0x will be an interesting one to watch. It has potential, given its recent growth, but its reliability on Ethereum does concern me, due to Ethereum’s scalability issues.
Obviously, take all of this information with a grain of salt. Don’t buy anything without doing your own research first (but that should go for anything in life, shouldn’t it?).
Featured image: vladimirribakov