The market of digital assets is expanding, bringing more and more new interesting projects to invest in. Successful investors recommend diversifying of investment portfolio, picking the most traded and popular digital assets as well as less known and cheap coins that have good prospects to skyrocket in the future. In this article, we will talk about analysing a crypto project and propose a list of the cheapest crypto to pick from.
First, to identify cheap crypto, we should address the list of live crypto prices. You can find it on the Coinmarketcap ranking. The leading cryptocurrencies with the highest price and trade volume come first. That is, of course, Bitcoin ($21,311) and Ethereum ($1,640).
Here is the list of less known and cheap crypto that deserve attention:
- Ripple XRP ($0,49)
- Near protocol NEAR ($3,29)
- Algorand ALGO ($0,41)
- Cardano ADA ($0,42)
- Tron TRX ($0,063)
- Solana SOL ($35).
This is just a short list of the most promising and cheapest cryptocurrency in the market. Let’s see how to analyse digital assets and make the right pick.
Criteria to Look for When Choosing a Cheap Crypto Asset to Invest in
First of all, look at the asset’s cryptocurrency live price and track its changes during different periods. It will help you understand how volatile the asset is and how it reacts to other market trends. The research of crypto charts helps find historical patterns and indicators, which altogether have the name “technical analysis”.
The next thing you should pay attention to is the reputation of the project. Look at reviews on the internet, and check out the project’s community and social networks. Are users engaged? Are there regular updates?
Next, the project’s founders and supporters. What is the background of the project’s developers? What successful products have they developed before?
Another thing worth mentioning is the supply of coins. If it is limited and if the company regularly burns some coins, there will always be demand for this asset, which means the price will not drop much.
Find out about the cheapest crypto and their cryptocurrency live prices on the WhiteBIT blog.