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Summary
- Cryptocurrencies are becoming popular worldwide for they offer an array of unique features and faster transactional processes.
- Free from government control, these digital assets are becoming very popular among tech-savvy investors.
- Many of the crypto assets are inexpensive and affordable and within the reach of regular investors.
Touted as the currency of the future, cryptocurrencies are increasingly becoming popular with new-age investors who want to diversify their portfolios. With no monitoring by federal governments, these digital assets attract many traders who are on the outlook to make huge profits with minimal transaction fees.
Here's a compilation of the 10 most popular yet affordable crypto assets attracting crypto investors.
Source: Copyright © 2021 Kalkine Media
Litecoin
Functioning as a peer-to-peer cryptocurrency, Litecoin is one of the most trusted cryptocurrencies across the world. It is one of the oldest altcoins and offers many benefits to its users, like faster processing speed and mining rate along with lower transaction fees. Presently, Litecoin boasts a market cap of more than AU$8.9 billion.
Must Read: What Is Litecoin? How To Buy It?
NEO
Founded in 2014, NEO works on a smart contract platform and has the ability to process 10,000 transactions a second. Moreover, it offers a solid native infrastructure like decentralised storage, domain name service, and many more. Currently, the currency has a market cap of more than $2 billion and is one of the most promising cryptocurrencies around the world.
Read: Is Neo a good cryptocurrency? Is it better than Ethereum?
Cardano
Another popular cryptocurrency among crypto enthusiasts is Cardano, with Ada being its native coin. It has a unique two-layered architecture, one to settle transactions with minimum transaction fees and the other to run smart contracts and decentralised apps. Moreover, being an environment-friendly cryptocurrency, its current market cap is over $42 billion.
Interesting Read: Is Cardano better than Bitcoin?
Basic Attention Token
Basic Attention Token was developed with the prime objective to deal with endemic efficiencies and privacy flouting reeling over the digital ad industry. It tracks consumers’ attention on media websites using Brave web browser and currently boasts 30 million monthly active users with one million verified creators accepting BAT, thereby making it one of the most liked cryptocurrencies across the globe.
Also Read: A look at top 5 cryptocurrencies in New Zealand
Beam
Beam is a security-focused cryptocurrency that works on Mimblewimble technology. Here, by default, all the transactions are confidential, with no private information being stored on blockchain.
Due to its greater scalability on account of its compact blockchain size, plus complete online and offline transaction support, Beam is increasingly becoming popular among the users keen on trading in digital assets.
Monero
Another cryptocurrency that is fast catching up is Monero, which is inexpensive and makes use of various privacy-enhancing technologies so as to keep its users’ finances secure and confidential. However, because of this feature, it is increasingly used in various illicit activities. Monero has a market cap of around $4 billion.
Must Read: Cryptocurrency Monero’s analysis indicates a bullish trend
Nexo
Presently, with a user base of more than 1.5 million, Nexo offers a credit card to its users. Moreover, one can borrow funds by keeping the value of the digital asset as collateral.
It is this unique feature of Nexo which makes it one of the most sought-after cryptocurrencies in the world, with availability in over 200 jurisdictions.
Enjin
Popular among gaming developers, Enjin works on software that enables them to create and manage virtual goods on blockchain, i.e., through various games, gamers can collect assets and trade them with other players, thereby enhancing the digital currency's value.
Moreover, Enjin has greatly helped in reducing high fees and frauds prevalent in the virtual transfer of in-game collectables and goods.
IOTA
Functioning on a distributed ledger technology, IOTA ensures the security of the transactions across its network without charging any fees. Because of this very feature, it is very popular among digital assets’ holders.
BitTorrent
BitTorrent is one of the most liked cryptocurrencies worldwide, with around $1-billion market cap. The technology behind this crypto asset provides an opportunity for its content developers to communicate with the audience, thereby allowing buying and selling of the currency without the intervention of a third party.
