Investors have been increasingly drawn to cryptocurrencies in recent years, after seeing the success of Bitcoin, the world’s largest virtual currency. In any case, everyone dreams of making a fortune with the cheapest cryptocurrency. As of May 29, 2018, EmberCoin remains the cheapest cryptocurrency on the market, its price was $ 0,000,000.50. But other cryptocurrencies deserve the full attention of investors.
Which Cheapest Cryptocurrency To Invest In?
Ripple (XRP)
Ripple is surely ranked among the most interesting cryptocurrencies of the moment. Its value drops from $ 0.006,52 at the start of 2017 to $ 3.28 on January 4, 2018. The current price of XRP is € 0.48 for a market cap of € 18,984,409,058. It, therefore, remains the third-largest digital currency behind Bitcoin (BTC) and Ethereum (ETH).
This start-up, launched in 2012, is aimed particularly at financial institutions. We can say that the message has passed because large financial institutions such as Standard Chartered, Santander, the UBS group or the leader in money transfer MoneyGram have joined Ripple’s global network.
Thanks to the Ripple Transaction Protocol, global financial transactions can be fast, secure, instant and more or less free. Technically, this real-time gross settlement system is able to perform up to 1,500 transactions per second. It should be noted that the price of XRP remains below $ 100.
Cardano (ADA)
Over the cryptomonnaies in real-time, the ADA crypto device was up 5.57 %. It remains the seventh virtual currency in circulation with a market capitalization in excess of € 4 billion. The price of Cardano was € 0.17 on May 29, 2018.
This technological platform, launched by the blockchain development company Input Output Hong Kong (IOHK), has the capacity to execute “Smart Contracts” or smart contracts, financial applications as well as decentralized applications. It is led by entrepreneur Charles Hoskinson, former co-founder of Ethereum and BitShares.
The ADA cryptocurrency has been dubbed the Ethereum of Japan because the majority of the participants in the ICO (Initial Coin Offering) were Japanese. Cardano aims to become the best advanced smart contract platform.
This is why its developers have created the “Ouroboros”, a new method that offers more powerful features than those of Ethereum.
Stellar Lumens (XLM) Cheapest Cryptocurrency
Founded in early 2014, Stellar has grown into one of the best open-source protocols for exchanging digital money. So far the Stellar Lumens XLM cryptocurrency is among the cheapest cryptocurrency on the market.
It recorded a market capitalization of € 4,072,365,830 on May 29, 2018. XLM is trading at € 0.22 at the time of writing. Stellar decided to partner with IBM to improve global payments in October 2017. It also works with consulting firm Deloitte.
Technically, this platform’s transactions are faster than Bitcoin’s, a transaction settled every 2 to 5 seconds for a tiny fraction of a dime. It also leaves the possibility of exchanging currencies (euro, dollar) in a flash.
David Gobaud, the co-founder of Mobius Network, announced earlier this year that his firm had raised $ 39 million through the ICO held on the Stellar network. There is every reason to believe that Stellar will become the next major initial coin offering platform.
TRON (TRX) Cheapest Cryptocurrency
The TRX cryptocurrency was launched by the TRON Foundation in March 2017. In terms of market capitalization, it was considered the 15th open-source digital currency in early February. It came to rank ahead of IOTA (MIOTA). On May 29, 2018, with a market capitalization of over € 3.3 billion.
The price of TRX has traded at € 0.05 at the time of writing. Its goal has always been to allow content creators to cut down on intermediaries (Google Play, Apple Store). So that they can receive funds directly from customers instantly.
With bitcoin and ethereum, we will save on commission
After making a transfer from BitBay to Binance, there are 8 different cryptocurrencies in our wallets. Unfortunately, we cannot directly replace each of them with the altcoin we want. Currently, alts are paired with bitcoin, ethereum, Binance coin or “stable” cryptocurrencies such as tether.
It follows that when transferring bitcoin and ethereum, we skip one step. These currencies can be directly exchanged for ardor and the other currencies (bitcoin cash, dash, lisk, ripple, omisego, tron). It must first be exchanged for e.g. bitcoin (or ethereum) and only then in the next step. The obtained bitcoin (or ethereum) can be exchanged for ardor.
Remember that the exchange charges a commission on each transaction. So with the exception of BTC and ETH, we will pay the commission twice. Fortunately, it is not high. The transaction commission on Binance is only 0.1%. But it can be even lower if you have a Binance coin (BNB) in your portfolio. If you plan to make many transactions on this exchange. It is worth getting BNB and taking advantage of the possibility of reducing fees.