DEX and DeFi projects have been in more and more attention since the FTX bankruptcy that occurred in November last year. One of Analyticsinsight analysts, Arti, lists the prominent low-value altcoin projects in this category…
High-yield altcoin projects
Cardano (ADA)
Cardano is one of the fastest low-energy blockchains that has been fully decentralized and audited from the very beginning. ADA was built in collaboration with Charles Hoskinson, a nonprofit and co-founder of Ethereum. The project’s native token, ADA, is named after 19th century mathematician Ada Lovelace. Analyst Arti places Cardano among cryptos with low price and high return potential.
Polkadot (DOT)
According to its founders, DOT primarily serves three main purposes, including providing governance for the network, operating the network, and creating parachains by connecting it to Polkadot tokens. The altcoin has gained roughly 468% this year and remains an affordable cryptocurrency with great potential for 2023.
Dogecoin (DOGE)
Dogecoin uses a PoW mechanism that requires miners to solve complex mathematical problems with expensive, high-powered computers to gain the right to verify transactions. The advantage of Dogecoin over Bitcoin is that it is cheaper and faster to process transactions. One of the 10 cheapest high-yielding cryptocurrencies.
Shiba Inu (SHIB)
Shiba Inu, one of the rising meme projects recently, has seen significant growth over the past year. Among the many factors to consider in owning a SHIB is the impressive community the Shiba Inu has created. The community has also created an NFT project around SHIB, which allows it to attract more interest from investors.
Avalanche (AVAX)
Avalanche is an Ethereum competitor that facilitates decentralized applications and the creation of private Blockchains in its ecosystem. Also, quite recently, AVAX hit a record high, surpassing several major cryptocurrencies. Despite launching in 2020, Avalanche showed great potential for growth. That’s why it’s one of the 10 cheapest high-yielding cryptocurrencies.
Ripple (XRP)
XRP and Ripple Blockchain are trying to disrupt the global banking industry. They plan to replace the SWIFT payment and communication network and introduce a faster, more secure, affordable and effective cross-border payment and messaging system. The Ripple payment system has already been adopted by dozens of leading banks around the world.
Maker (MKR)
Maker is the native token of MakerDAO, a decentralized lending platform built on the Ethereum network. Users can lock ETH in the protocol and create ‘DAI’, a dollar-pegged stablecoin. Essentially, this allows users to get crypto loans and earn returns without the need for invasive KYC checks.
Polygon (MATIC)
Polygon is a framework and protocol for building and connecting Ethereum-compatible Blockchain networks that combine scalable solutions in Ethereum’s supporting ecosystem. MATIC founders expanded their vision and reach by updating their systems and introducing metaverse designs and integrating the MATIC Plasma Chain.
VeChain (VET)
VeChain is the main cryptocurrency of the VeChain Thor Blockchain. It is considered an excellent choice for investors who want to invest in affordable yet potential cryptocurrencies. VeChain simplifies the management of supply chains and other business processes.
Decentraland
Decentraland is an Ethereum-based virtual reality game where users can buy virtual land where they can build virtual mansions. In Decentraland you can buy virtual goods and services and live a new life in this parallel universe set in the metaverse.
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