Over the last few years, we are witnessing the rise of the revolutionary cryptocurrencies and it’s become prohibitively expensive to buy the world’s number 1 cryptocurrency, Bitcoin. Even when it comes to a single token, buying Bitcoin will cost you thousands of dollars. The average investor ends up with a tiny fraction of one token. Luckily, for those who like to see whole numbers in their wallet, there are many more cryptocurrencies that come at a much lower price point than Bitcoin.
Are they revolutionary cryptocurrencies?
The true price of a cryptocurrency is determined by the total number of tokens available and the market capitalization. But, sometimes it’s just satisfying to own a decent amount of a certain token. Here are the top 7 revolutionary cryptocurrencies by total market capitalization you can buy for under $2 US per token.
IOTA is one of the most interesting crypto projects. And, at the time of writing, one IOTA token will cost you only US 42 cents. That’s about 20,000 times cheaper than 1 Bitcoin.
IOTA is described as a data and transactional layer for the Internet of Things (IoT). In short, internet money for the IOT. The Internet of Things is the emerging billions of devices (or ‘things’) that are connected to the internet. The phones, fridges, TVs, air conditioners, bio-sensors, and all the other smart devices that are connected to each other online.
The most interesting thing about IOTA is that it’s technically not even a blockchain network. It works by using a different data structure called The Tangle. This approach allows IOTA to offer features like feeless microtransactions and data integrity for machines.
Stellar is another crypto token that you can buy at a low price point. One Stellar Lumen Token (XLM) will cost you only $0.13.
The Stellar team plan to build no less than the ‘World’s New Financial System. The idea is to build a network that allows money to move across borders quickly and at essentially zero cost.
Stellar offers a decentralized network run by a not-for-profit organization. It also comes with low transaction fees and fast confirmation times.
But, perhaps the most exciting thing about Stellar is the team. It was founded by Jed McCaleb, one of the most famous crypto entrepreneurs. He founded Mt. Gox (and sold it before it collapsed) and also co-founded Ripple. Now, his third big crypto project, Stellar, is taking off massively, too.
Cardano is a smart contract platform similar in many ways to Ethereum. But, it’s ADA tokens come at a significantly lower price than Ether tokens. One token will cost you around $0.09 US at the time of writing, and the total market capitalization of the platform is just over $2 billion.
The goal of Cardano is to create a more sustainable and balanced ecosystem for cryptocurrencies. The plan to make this happen is by deploying a scientific and research-based approach. The spirit of the community is heavily influenced by open-source principles.
Like all blockchain networks, the technical decisions of Cardano’s developers reflect their overall philosophy. You can check out many of these strategic outlooks and their technical implementation in the Cardano Whitepaper.
TRON is a top cryptocurrency, which you can buy for just a few cents. Although, of course, you have to take into account that there are also around 1,000,000,000,000 (1 trillion) TRON tokens (TRX) in circulation.
TRON is a blockchain platform with a clear purpose: to build a global digital content engine. The aim is to make it easy and basically free to share digital content on the internet. One core feature of the TRON platform is its decentralized storage capabilities.
One of the key selling points of TRON is its performance compared to Bitcoin and Ethereum. The network boasts a throughput of 2000 transactions per second.
The CEO of TRON, Justin Sun, has big ambitions for the network. In fact, he’s even paid almost $5 million to have lunch with Warren Buffett. His goal for the lunch is to create a ‘bridge’ between the world of crypto and the world of traditional finance.
NEM is another top cryptocurrency that comes at a low price point. The network plans to bring new ideas and features to the blockchain network ecosystem.
One of those features is how its tokens, XEM, are mined and created. Instead of the Proof-of-Work based mining system used by Ethereum and Bitcoin, NEM uses a system it calls harvesting. NEM claims this system has some advantages over Proof-of-Work (PoW). For example, harvesters don’t need any special hardware, is not energy-hungry like PoW, and incentivizes actual use of the blockchain.
Currently, one TEZOS coin will cost you between 1 and 2 dollars. It’s another network for building decentralized applications using smart contracts.
One of the differentiators of TEZOS is its focus on blockchain governance. It aims to provide a structured process for the community and users to collaborate on future changes and upgrades to the network. This is opposed to many other networks, which either have a chaotic process (e.g. Bitcoin) or a very centralized process that doesn’t give much to say to regular users.
Ontology will also cost you significantly less than Bitcoin or Ethereum. The Ontology platform describes itself as a high-performance public blockchain.
Ontology aims to make using its platform easy for developers. It does this with its developer tools and development center, providing support for the building all sorts of applications. It also supports a few different programming languages in order to attract the talents of different communities of software developers.
One of the really cool things about the Ontology platform is that it allows developers to actually customize blockchains specifically for applications. It also has support for sharding to increase scalability.
One of the amazing things about crypto is that there are many different cryptocurrencies that come at all different price points. Each one with its unique features and community. When choosing which one to buy, just make sure you are informed of all the risks involved.
Nowadays crypto traders and investors have a wide range of options to build a profitable crypto portfolio. Sure, you will need to make research before picking each coin, but the result is worth the effort, as there are many promising projects.