10 cheap & rising cryptocurrencies to explore in 2021

Highlights

• A host of cheap, affordable, and rising cryptocurrencies that are catching the attention of the investors across the world.
• Though Bitcoin remains the most popular cryptocurrency, there are a lot of options for the Altcoins which are cheaper and have potential.

While the top cryptocurrencies like Bitcoin, Ethereum, Cardano all have been hogging the limelight, there are a host of cheap, affordable and rising cryptocurrencies that are catching the attention of the investors. For someone who is just getting warmed up to the cryptocurrency investments, the cheap cryptocurrencies could form an ideal platform to not only study the market, but also earn profit from it.

With many companies now turning to cryptocurrencies as a legitimate means of payment, time is ripe for a newbie investor to explore these cryptocurrencies.

VeChain

VeChain (VET) is a blockchain-powered supply chain platform, which aims to create an ecosystem using the Internet of Things (IOT) and the use distributed governance. Launched in 2016, VeChain is primarily aimed to resolve the issues related to supply chain management. VeChain has been gaining traction amongst the investors and is a great crypto to gain exposure to investors who are looking for short-term portfolio stability and secure a lucrative future.

At the time of writing VET is trading at US $0.116715 with a 24-hour trading volume of US $45,03,78,973. It was up by 4.71% in the last 24 hours. VET currently has a live market cap of US $7,50,65,80,354 with a circulating 64,31,55,76,989 VET coins.

Metal (MTL)

Metal (MTL) is an ERC20 utility token which primarily works on Ethereum blockchain. It is an innovative payment platform which uses the Proof-of-Work (PoW) consensus and the users can buy, sell or even hold cryptocurrency in the real world. What makes MTL stand out is that the users who hold MTL token can benefit from the prospect of earning a passive income through it through yield farming.

MTL gained much prominence post August 25 after it received the money transmitter license for the state of Georgia in U.S. on 31 August. At the time of writing MTL is trading at US $3.25 with a 24-hour trading volume of US $2,45,58,048. It was up by 2.99% in the last 24 hours. MTL currently has a live market cap of US $21,28,87,366 with a circulating 6,55,88,845 MTL coins.

XLM (Stellar Lumen)

Stellar Lumen (XLM) has had a phenomenal 2021. Its growth has been pretty consistent, registering 424.4% to date. Market participants believe that this explosive coin has the potential to give long-term gains. XLM provides a platform for transactions in newer markets. XML is ideal to build assets and is user friendly. The network serves as a bridge, which makes trading asses less complicated and challenges the existing payment providers, who often charge high fees for a similar service.

XLM, at the time of writing is trading at US $0.321704 with a 24-hour trading volume of US $56,95,47,042. It was up by 1.26% in the last 24 hours. XLM has a live market cap of US $7,61,79,48,990 with a circulating 23,67,99,63,912 XLM coins.

NEO

NEO is often dubbed as the Chinese Ethereum. Initially known as Antshares, it was China’s first-ever public blockchain. Unlike the traditional Ethereum, NEO is more centralised in nature and does not have too many nodes, which makes the decision-making process slightly easier. If caters to a larger audience and its liquidity makes its one of the most popular emerging cryptos in 2021. The network acts as bridge and aims to challenge existing payment providers who charge higher fees.

NEO, at the time of writing is trading at US $51.46 with a 24-hour trading volume of US $64,17,98,934. It was up by 3.69% in the last 24 hours. NEO has a live market cap of US $ $3,62,98,82,822 with a circulating 7,05,38,831 NEO coins.

EOS 

EOS is perhaps one of the most practical blockchains which provides an ideal platform for developing distributed applications (Dapps). It's a scalable token which operates on networks such as Visa and MasterCard. With the DApp market growing, the utility of EOS too is growing and will grow further increase in the coming months.  Launched in 2018, EOS aims to improve the experience for users and businesses. EOS, at the time of writing is trading at US $4.77 with a 24-hour trading volume of US $1,73,52,61,725. It was up by 3.84% in the last 24 hours. EOS has a live market cap of US $4,57,10,70,143 with a circulating 95,80,39,036 EOS coins.

GALA

GALA has hit the right chord with the investors in the past couple of days. Gala skyrocketed by 178% on Monday and is showing strong signs of momentum on Tuesday as well. The GALA coin is a Ethereum powered blockchain and it allows the users to own their exclusive non-fungible tokens (NFTs) and exchange NFTs while playing. CoinMarketCap data reveals that the blockchain-based gaming platform has sold over 26,000 NFTs and has more than 1.3 million monthly active users.

GALA, at the time of writing is trading at US $4.77 with a 24-hour trading volume of US $29,79,81,202. It was down by 14.34% in the last 24 hours. GALA has a live market cap of US $33,59,74,365 with a circulating 6,97,72,05,436 GALA coins

SAFEMOON

SafeMoon is another decentralised finance (DeFi) protocol, which was launched in March this year. A peer-to-peer chain blockchain network, SafeMoon allows seamless financial transactions without the intervention of a centralised authority. Built on the components of reflection, every SafeMoon transaction takes place that gets distributed among its holders in the form of token. SAFEMOON, at the time of writing is trading at US $0.000002 with a 24-hour trading volume of US $1,51,46,946. It was up by 26.58% in the last 24 hours. SAFEMOON has a live market cap of US $1,02,45,72,087 with a circulating 58,55,36,36,64,02,812 SAFEMOON coins.

Xenon Pay

Xenon Pay (X2P) is a decentralised finance (DeFi) protocol which works on the Proof-of-Stake (PoS) consensus. X2P offers staking facility to its users and additionally the users also get a 10% benefit from all the transaction fees. Since July, X2P has been making giant strides and the token has often been dubbed as the token of the future. The X2P token holders not only earn rewards from staking, but also it also allows an effective hedging against inflation.

According to CoinMarketCap, the X2P is trading at US $0.000000001872 with a 24-hour trading volume of US $6,09,716. X2P currently has a fully diluted market cap of US $280,940.

Solana

Solana is an open-source blockchain project, which operates on the Proof of History (PoH) consensus mechanism and Proof of Work (PoW) consensus. Dubbed as the “Ethereum Killer”, Solana provides breakthrough solutions and aims to make DeFi accessible for all.

With interoperability being the essential criteria, wormhole allows for the most efficient use of resources.

Solana has remained the investor’s favourite crypto of late and has surged over 5,000% against 350% gains in Bitcoin. While Bitcoin was pulled back to a low of US $44,196, Solana managed to register gains of 24% on weekly basis. It was no surprise that it dominated the market cap as well and managed to break into the top-10 cryptos list.

At the moment, it looks like one of the most profitable crypto going around. SOL, at the time of writing is trading at US $156.77 with a 24-hour trading volume of US $4,460,811,990. It was up by 1.52% in the last 24 hours. SOL has a live market cap of US $46,397,070,798 with a circulating 296,694,173.63 SOL coins.

Polygon

Polygon is another Ethereum-compatible blockchain, which utilised for staking, governance. Its revolutionary sidechain solution provides solutions to Ethereum’s shortcomings and maximises the speed, performance. Polygon boasting of up to 65,000 transactions per second on a single side chain, combines the Plasma Framework and PoS consensus. Co-founded by Vitalik Buterin, it allows easy execution of scalable and autonomous smart contracts. Polygon too has been on the rise of late and has been vying investors especially with other cryptos not doing so well

According to CoinMarketCap, Polygon MATIC is trading at US $1.30 with a 24-hour trading volume of US $95,59,79,034. MATIC is up by 5.24% and has a market cap of US $8,67,46,49,106. It is dubbed as one of the most promising coins of 2021 with lot of institutional interest too flowing into the coin.