The Best Cheap Cryptocurrencies in 2020: Find out the Top 7!

What is the best cheap cryptocurrency in 2020? The gradual popularization of the crypto world has led to the development of numerous promising cryptocurrency projects to invest in. It is possible to have high yields by studying these projects’ basic information and by having some knowledge of their operations on the market.

It is crucial to look for projects that have the following attributes:

  • Concept: there are countless unexplored possibilities in this new market. A cryptocurrency with a consistent concept can have more visibility and acceptance;
  • Innovation: not only conceptual, but also technical innovation. A currency that offers no novelty will have difficulties competing with the main brands of the crypto world. Innovation is essential in this market;
  • Transparency: knowing the team of developers, the objectives, and the current state of the cryptocurrency implementation is essential when looking for an investment;

However, you should always keep in mind that these are high-risk investments. The chances of winning are great, so are the chances of losing. In this regard, the advice of Cripto InterCambio is: Diversify your investments. Never put all your eggs in a single basket!

Below is a list of the best cheap cryptocurrencies of the year 2020.

The Best Cheap Cryptocurrency 2020 – TOP 7

1. Stellar (XLM)

Stellar is one of the most traditional cryptocurrencies on the market. Despite its low cost (about $0.06 per XLM unit), Stellar is among the 15 cryptocurrencies with the highest market capitalization value. Today, it is estimated at $1.2 billion.

This project is very similar to Ripple’s XRP since it is a money transfer platform. For example, if you’d like to send US dollars to Chile, you would need to deposit USD on the platform: the USD will be exchanged into XLM, and then XLM will turn into Chilean pesos. All of this at a very low cost.

However, compared to XRP, Stellar is decentralized. The XLM community is very important when deciding on the direction of this cryptocurrency. With an innovative project and a reliable team, XLM still has plenty of room to grow.

2. Chainlink (LINK)

The Chainlink project was developed with the purpose of facilitating a bridge between consumers and sellers of goods or services. In order to build such a bridge, users who provide supply/demand data are paid in LINK, which is the platform token. The cost of one LINK is approximately $2.60, and its market capitalization value is $939 million. Currently, it is the 17th largest currency in the crypto world.

In more technical terms, the Chainlink project links smart contracts with real-world data through oracles which, in crypto world jargon, are the people who feed the network with data. As such, smart contracts can act more efficiently.

Chainlink was created in 2017 and has important partnerships with large companies, such as Google Clouds and Dapps Inc. It is a project with great potential in 2020.

3. Ontology (ONT)

Currently, Ontology is among the top 30 cryptocurrencies in terms of market capitalization. With an estimated price of $0.65 per unit of ONT, this currency offers a public blockchain system with smart contracts.

Based on these characteristics, this cryptocurrency is very adaptable. In addition to its use in day-to-day payments and remittances, smart contracts allow its application in software and in specific markets. In that sense, it is an investment with great potential for the year 2020.

4. Basic Attention Token (BAT)

Basic Attention Token was created with the idea of revolutionizing the way advertising is done and consumed in the digital world. Simply explained, BAT allows users to charge for their consumption of internet advertising.

It is built on Ethereum network technology. It is necessary to be a user of a specific browser to receive BATs: the Brave. It is currently in position 31 in terms of market capitalization, with a value of $311,847,905. The unit price of the coin is approximately $0.22.

5. Ravencoin (RVN)

Ravencoin (RVN) is based on a Bitcoin fork and aims to optimize BTC on several points. It uses an algorithm called XR16, which allows higher efficiency in the mining process.

In addition, the RVN platform allows companies or individuals to easily create their own tokens for use in projects that are most convenient for them. This gives the Ravencoin project great potential, as it is capable of hosting several others.

Currently, an RVN costs about $0.026. Its market capitalization value is $138,966,159, which makes it the 42nd largest cryptocurrency.

6. OmiseGo (OMG)

OmiseGo is a digital payment platform founded in 2017 that owns its own token: the OMG. The objective of this company is to revolutionize the current financial market by allowing users who do not have access to traditional banking institutions to buy and sell, store value and have access to numerous types of financial services.

The company headquarters are in Bangkok and its cryptocurrency costs $0.78 per unit. Its market capitalization value is $110,750,856 making it the 46th largest currency on the market. It has great growth potential this year.

7. BitTorrent (BTT)

BTT was launched in 2019, and it is the cryptocurrency of one of the most traditional file-sharing programs – BitTorrent, which is used by more than 100 million people worldwide. The idea behind this project is to massify the use of blockchain.

The purpose of BTT is to allow content creators and users to share files and perform crypto transactions as a form of remuneration.

Currently, the price of a BTT unit is $0.00036 and its market capitalization value is $76.334.325, which makes it the 61st largest cryptocurrency.

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