Cryptocurrencies offer a good return on investment when compared to stocks and unit trusts. Cryptocurrencies such as Bitcoin, Dash, and BitConnect have always been on the rise since they were introduced. Although the prices of these cryptocurrencies are likely to rise in the future, their prices are out of reach for many potential buyers. Bitcoin, for example, is currently priced at $4,450.
A 1,000 dollar investment would only buy 0.22 Bitcoins. There are several Cheap reputable cryptocurrencies in the cryptocurrency market, below are some examples.
1. OmiseGO (OMG)
Coinmarketcap categorizes OmiseGO as a token. Omisego is ranked 13th regarding market capitalization. It was introduced on July 16 this year at a price of $0.45. Its value currently stands at $8.3; this represents a value increase of 1,700% since it was introduced. $19 million worth of OmiseGo coins has been traded in the past 24 hours. 98 million OmiseGO coins have been issued so far while 42 million are yet to be released into the market.
This cryptocurrency is mostly Bought And Sold on Bitfinex, Bittrex, and Binance.
2. Lisk (LSK)
Another cheap coin to buy is Lisk. Lisk is ranked 17th by Coinmarketcap regarding market capitalization. Lisk was introduced in May last year at a price of $0.44. Its current cost is $5. The value of one Lisk coin has more than doubled in three months. 8 million dollars worth of Lisk coins has been traded in the last 24 hours. Lisk coins are mostly bought and sold on YoBit, Bittrex, and Bit-Z.
3. PIVX (PIVX)
PIVX is ranked as the 35th most valuable cryptocurrency by market capitalization. PIVX was introduced in February last year at a price of 0.00082. It is currently priced at $3.6. Its value has increased by almost 98,000% in the past one year.
More than 600 thousand dollars worth of PIVX coins has been traded in the last 24 hours. PIVX coins are mostly bought and sold on Bittrex.
4. Ark (ARK)
Coinmarketcap ranks Ark as number 25th regarding market capitalization. It is currently the cheapest most popular cryptocurrency. Its current price is $2.4. Ark's introductory price on May 24 this year was $0.04. Its cost has increased by 6,300% since its introduction. The value of Ark coins has increased by 358 percent in the last four months. 1 million dollars worth of Ark coins has been traded in the past 24 hours. 97 million Ark coins have been supplied while 30 million is yet to be released into the market. Ark coins are mostly bought and sold on Bittrex.