Altcoins
Top 3 Promising Cryptos Under $5
2019 has brought another change to cryptos, and the crypto winter seems to finally be at its end. The prices of many cryptos are already recovering, including Bitcoin, which finally managed to grow past the $4,000 mark and turn this level into its strongest support.
However, Bitcoin and most other top coins are simply too expensive for an average investor, and many who are just arriving at the crypto space are wondering whether or not there are other coins which might be a worthy investment. Of course, the coins would still need to have a future, and something to hope for — something which might ensure their success some day. We believe that there are several such coins already in the market, with three of them being so cheap that you can get a decent number of them even if you can only spare $5 for your initial investment.
1. Stellar (XLM)
The first such coin, with its price well below $5 is Stellar (XLM). This is a project that aims to provide regular people with the ability to quickly and instantly make international payments, at low fees and with transactions being processed and completed as soon as they are made.
Stellar chooses to offer its services to regular traders and investors, unlike its biggest rival, XRP, which opted to offer its products and services to banks and financial institutions. So far, Stellar has been one of the fastest coins in the crypto market, but its price still remains relatively low, with only $0.10689 per coin at the time of writing. Its use cases are much-needed in this day and age, and that will surely remain true in the following years.
2. Basic Attention Token (BAT)
Next, we have BAT, which comes in combination with Brave browser. BAT is a coin which aims to change the way advertising works. So far, companies that wanted to offer their products to a wider audience needed to pay massive amounts of money to companies like Google, Facebook, and alike. They depended on these companies’ reach, as well as their efforts to advertise their products.
BAT and Brave hope to change that, with Brave blocking all online advertisement by default, and providing people the opportunity to watch ads of their own free will. To give them an incentive, each ad they choose to view will grant them a certain amount of BAT token. This will basically take power from major corporations that are currently holding a monopoly on the web, and allow companies to connect directly to their customers, and gain valuable feedback in return.
Currently, BAT price remains low, only $0.231500 per coin. However, this is likely to change in the following years, as Brave acquires more users and expands its reach even further.
3. Steem (STEEM)
Finally, there is Steem — a coin that features its own social media platform, Steemit. Steemit is a social media platform for bloggers, which allows people to express their thoughts and feelings, share images and videos, and get rewarded for posting content that the community likes.
It is similar to Reddit in a way, with the biggest difference being the fact that each upvote will grant you a certain amount of money, donated in crypto. You can also get money for commenting on other people’s posts, and even by upvoting other posts and comments, thus contributing the platform by pointing out the best quality content and community members.
Steemit is considered to be one of the platforms of the future, while STEEM has the potential to dominate an entire group of social media dApps, such as Steemit itself, Dtube, and many others. Meanwhile, STEEM price remains quite low as well, currently being at $0.452716. However, in the future, as more people start turning away from centralized platforms like Facebook and YouTube, Steemit and other members of the Steem dApp family will likely be the best alternative, and the increased usage will launch STEEM price to the moon.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
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Solana price performance in recent times has been remarkable, surpassing Ripple and Binance Coin to become the fourth-largest cryptocurrency by market cap. The SOL price breached the critical level of $100 for the first time since April 2022 over the weekend to imbue optimism among investors. However, the altcoin has corrected by 7%, suggesting that the market is overheated. At the time of writing, the ‘Ethereum killer’ was trading slightly lower at $111.60.
SOL Outlook
Solana price has made a significant recovery over the past few weeks, climbing above the psychological level of $100. The altcoin has been one of the best-performing assets this year, extending its year-to-date gains to more than 1,025%, with more gains recorded in the past month alone. However, even with such growth, analysts have noted that Solana has a bleak chance of topping its ATH of $260.
The reason behind this is the increase in supply relative to its value. In November 2021, when the Solana price hit its all-time high of $260, its total market capitalization was around $78 billion. Despite the value of the crypto asset being less than half of what it was at the top, its market cap is currently hovering near $50 billion.
This has been brought about by the increase in the Solana supply by more than 100 million SOL over the past two years. According to some analysts, for the altcoin to retest $260, its…
Solana price has noted significant gains over the past few weeks, climbing to its highest level since April 2022. The ‘Ethereum Killer’ almost topped the crucial level of $100 on Friday, before pulling back slightly. The asset’s recent surge has catapulted Solana’s total market cap to $39.6 billion, ranking 5th after and above BNB and XRP, respectively. Solana has jumped by more than 22% in the past week and more than 80% in the month to date. At the time of writing, SOL price was trading 0.90% lower at $93.10.
Catalysts Behind SOL’s Rally
Solana price has been on a strong bull run over the past few days, rocketing to its highest level in 20 months as the network benefits from the substantial activity and strong interest in memecoins. The SOL token, the native digital asset of the high-performance blockchain platform Solana, has shown some serious strength over the past few weeks, outperforming all the altcoins in the market.
The recent surge in the Solana price has been linked to heightened on-chain activities on the Solana blockchain. Notably, the ongoing hype for the blockchain’s speedy transactions, cheap fees, and a lottery of meme coin issuances has buoyed SOL’s on-chain activity. Metrics have revealed that Solana has been the strongest draw among on-chain traders, with trading volumes and network fees outperforming Ethereum- the largest altcoin by market cap.
Cited figures provided by DeFi aggregator DeFiLlama…
Solana price has jumped more than 8% over the past week, breaching the important level of $60. At the time of writing, Solana was trading 3% higher at $61.07. The asset’s total market cap has climbed to $25.9 billion over the past week, ranking it the 6th largest cryptocurrency after XRP. The total volume of SOL traded over the last day has declined by 8%.
SOL’s Bullish Cues
Solana’s price has been among the best-performing cryptocurrencies this year amid continuous growth. The “Ethereum killer” has consistently impressed investors throughout the year on the back of a resurgence in bullishness, which saw SOL’s price climb more than 513% in the year to date. Institutional investors have also shared the bullish sentiment, making Solana their most preferred altcoin.
In the week ending November 24, Solana recorded inflows worth nearly $3.5 million, significantly more than the other altcoins’ inflows combined. The asset’s monthly inflows were higher at $40.2 million, lower than Ethereum’s $99.6 million inflows in the same period. Other altcoins, including Litecoin and Ethereum, noted significant outflows, making Solana nearly half of the home for DeFi. This implies that when it comes to institutions, Solana is currently the best-performing altcoin with the potential of a long-term rally much higher than other digital assets.
Notably, the Solana DeFi ecosystem accomplished a significant milestone earlier this week. Its Total Value Locked (TVL) hit a new yearly peak of over $655 million,…
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