As cryptocurrencies values rise, tons of people plan to take on their journey in entering the crypto industry.
There are already over a hundred cryptocurrencies in the market right now that show promising growth potential. And, if you’ve chosen to participate in the coming week, the crypto market is experiencing a state of correction, making it a great opportunity for novice investors.
Before that, here are the top 10 cryptocurrencies for less than $100.
First in line is the XRP, its unique selling point is its exchange feature.
The transfer time is rapid, and you can trade XRP to other varieties of cryptocurrencies with no fees and wait times. Unlike other cryptocurrencies, XRP uses the Harsh Tree algorithm rather than blockchain technology.
- XRP’s market cap: $49.22B
- Today’s price: $1.04
Stellar’s primary usage is to integrate financial institutions with blockchain technology in order to enable cheaper transactions.
For transactions, Stellar employs a federated byzantine agreement algorithm (FBA), rather than a regular mining network. When compared to other blockchain-based algorithms, this usually results in faster transactions.
- Stellar’s market cap: $42.25B
- Today’s price: 0.4595
Cardano is a well-known cryptocurrency in Japan, it operates on a blockchain network, and just like other cryptocurrencies, it is used for direct value transfer.
What gives this crypto a boost is the prospect of dealing with smart contracts in the near future. Which basically means, the developers will be able to create applications based on its system.
- Cardano’s market cap: $27.23B
- Today’s price: $1.78
Dogecoin first came out as a prank or meme during 2013. Its developers created it to satirize the buzz around cryptocoins by making the “doge meme” into a digital currency.
The DOGE coin quickly became a reality, and as of the moment, it is one of the market’s prominent currencies.
- DOGE coin’s market cap: $9.54B
- Today’s price: $0.3651
Algorand is working on a proof-of-stake blockchain that features smart contracts. PoS protocol allows users to propose blocks and vote on proposals. This method balances the user’s influence on the success of a new block to the proportion of the user’s stake.
- ALGO’s market cap: $3.88B
- Today’s price: $1.04
Instead of blockchain, IOTA relies on a network of web links known as Tangle. In order to facilitate IoT, IOTA was set up to exchange data between any recording unit.
To conduct an IOTA transaction, the user must first make two web transactions, and the pace of the transaction set on by the number of transactions in progress.
- IOTA’s market cap: $2.14B
- Today’s price: $1.20
By far, Tezos has the largest ICO to date its launch in 2017, generating more than ten times its $20 million target that was set.
The Tezos blockchain was one of the first to adopt a proof of stake structure, as opposed to the Bitcoin or other cryptocurrencies blockchains’ proof of work.
- Texos’ market cap: $3.04B
- Today’s price: $3.94
As you continue with your day-to-day transactions for cryptocurrencies, you might as well consider some internet security. Bitdefender and McAfee are both highly recommended softwares that won’t fail their purpose.