2021 has seen the explosive growth of cryptocurrency which has increased the interest for potential investors. There are so many cryptocurrencies available that it may be overwhelming to start. The more popular cryptocurrencies like Ethereum and Bitcoin are quite expensive and newcomers may not be able to afford it. But there are so many new affordable cryptocurrencies available, that anyone can invest. We spoke to top IT Support Partners in the UK, and these were their recommendations as the most popular affordable cryptocurrencies.
Cardano is projected to continue its rise as one of the most popular cryptocurrencies since it offers benefits like quick transactions and a flexible network. It has recently been upgraded to allow smart contracts on its network. Since the addition of the smart contract, the price is expected to increase as developers will now be able to work on dApps and DeFi which is why it has become a favorite among many businesses who choose to use Manchester IT Support and IT Support around London. In the past year, Cardano has grown by over 1750%, so it is best to invest as soon as possible, while it is still affordable.
Ripple (XRP) was created in 2017 and has become popular because banking corporations have begun to incorporate it into their systems. It is the first cryptocurrency to be adopted by mainstream financial institutions and is only expected to grow from here.
VeChain is one of the most affordable cryptocurrencies available. It is based on the VeChain Thor Blockchain and we can expect to see more of this being used in business such as how companies manage their IT Support for Accountants and other financial institutes. Its main function is to manage business processes and supply chain management by using distributed ledgers. This is definitely one to keep watch.
We cannot talk about affordable cryptocurrency without mentioning DOGE. This originally started out as a memecoin but due to social media, became the most well-known cryptocurrency. Over the past 4 months, cryptocurrency has grown over 8000% and we will continue to see it grow from here.
EOS has become one of the most practical blockchains and has created a great environment for developers to create Dapps. EOS has been structured specifically to eliminate transaction fees. It has such great potential that it has become competition for traditional networks like Visa. The market for Dapps has continued to grow throughout 2021 and with EOS becoming more popular for development, we can expect to see it grow significantly as the year progresses.