10 Cheap Cryptocurrency to Invest in 2022

The crypto market is largely controlled by premier digital asset Bitcoin. However, the foremost crypto asset has become pricey in the past year, following phenomenal growth. This has led several investors to look for cheap cryptocurrency to invest in with massive upside.

While the crypto market is battling with the bears, here are 10 cheap cryptocurrency to invest for a bargain before the bull season kicks off.

1 Lucky Block (LBLOCK)

Lucky Block kicks off our cheap cryptocurrency to invest list. The crypto protocol is on a mission to change the face of the online gambling sector.

Focused on enabling a more transparent and fairer lottery system, Lucky Block is based on the Binance Smart Chain (BSC), which addresses the issues of scalability and fees from the get-go.

Lucky Block offers much better than a lottery gaming platform. For one, native token holders of the LBLOCK can vote on the protocol’s direction. They also get access to investment opportunities while increasing their chances of making gains from playing online games on the Lucky Block protocol.

Only making an appearance in the past month, Lucky Block has been on a tear once recording a 150% increase in a daily trading session since listing on popular decentralised exchange (DEX) platform PancakeSwap.

The BSC-based protocol is also eyeing centralised exchanges and is currently fast-tracking its launch on the world’s largest crypto exchange Binance.

At press time, LBLOCK has recorded over $685,000 in trading volume with liquidity levels pegged at $1.78 million. The digital asset is currently trading at $0.0020 after surging more than 800% in the last two weeks.

You can easily get this cheap cryptocurrency to invest in by following the highlighted steps below:

1. Head to PancakeSwap

Navigate to the official website of PancakeSwap to buy LBLOCK.

2. Connect your wallet

You will need to connect your crypto wallet to access the platform. PancakeSwap supports a host of options including Metamask, Trust Wallet, BSC Wallet, Wallet Connect, and several others. We recommend using Metamask for relative ease.

3. Buy BNB

You will need to own BNB to buy LBLOCK. If you already own BNB then you can proceed to the next step. But if not, you will need to buy BNB from a centralised exchange like Binance and transfer it to your Metamask wallet.

4. Confirm LBLOCK Purchase

Once you have BNB, click on Trade on the PancakeSwap dashboard and click on ‘Exchange’ button. Select ‘BNB’ on the ‘From’ section and type in ‘LBLOCK’ into the ‘To’ section. Insert how much BNB you want to swap for LBLOCK, set your slippage level and click on ‘Swap’ to complete the process. Once this is done, the requisite LBLOCK token(s) will be deposited into your Metamask wallet within minutes.

2. Decentraland (MANA)

Decentraland remains several investors’ favourite and is a cheap cryptocurrency to invest in due to its discount price. The 3D virtual reality platform is currently trading at $2.55, up 1.61% in the last 24 hours.

Decentraland has continued to show strong fundamentals despite the volatile state of the crypto market. The Ethereum-based protocol was recently tapped by luxury brand VaultSwiss for the launch of its virtual watch and a custom t-shirt.

In addition, the Australian Open has also launched into the booming Metaverse ecosystem using Decentraland’s tools and expertise, pointing to a flourishing landscape in the making.

Decentraland has been facing off with the bears since the year began and has continued to show resilience. At press time, utility token MANA has seen a 23.69% increase with an impressive 12-month trailing increase of 1,546.48% in the past year.

3. The Sandbox (SAND)

The Sandbox is another top-performing Metaverse and non-fungible token (NFT) project. The Sandbox is a cheap cryptocurrency to invest in due to its strong future uptrend.

The asset is based on the Ethereum protocol and enables the creation, sharing, and monetisation of in-game assets. The protocol is out to revolutionise and redefine the gaming industry with blockchain technology.

Utility token SAND is currently in the red zone and is trading at $3.79, down 3.84% in the last 24 hours. However, its seven-day performance has been promising as the Metaverse protocol is up a whopping 41.59% in the last week.

Despite being in development, The Sandbox has remained a huge attraction for several mainstream companies and investors. One such is Warner Music which has recently jumped into the Metaverse through The Sandbox.

4. Cardano (ADA)

Cardano’s low price peg below $2 makes the Ethereum rival a cheap cryptocurrency to invest in for the long haul. The Cardano network, a peer-reviewed and proof-of-stake (PoS) blockchain protocol, is highly scalable, secure, interoperable, stable, and low-cost.

The Ethereum competitor has continued to remain in the spotlight despite facing off with the bears repeatedly since September.

The Cardano blockchain has enjoyed a phenomenal 2021, and more is expected from the protocol as the development team Input Output Hong Kong (IOHK) fleshes out the protocol for mainstream use.

Cardano is currently feeling the brunt of massive sell-offs and is trading at $1.016, down 4.57% in the past day. A 12-month trailing return of 148.56% shows a blockchain-based asset with a huge upside.

On the fundamental front, Cardano has been stealing the march from other rivals. ADAX DEX V1.0 recently launched on the PoS protocol.

This will enable users to easily execute trades with lightning speed while enjoying low fees. Also, the first Metaverse initial decentralised offering (IDO) launchpad GOmetalaunch has tapped the Cardano network.

5. Ripple (XRP)

Cross-border payment provider Ripple blockchain is another cheap cryptocurrency to invest in as the crypto market consolidates. Developed to enable seamless transfer of digital assets and fiat across borders, Ripple is a top crypto project any value-driven investor should have in their portfolio.

Ripple offers a faster and cheaper means for international businesses and financial institutions to transact while eliminating all middlemen.

To this end, the Ripple blockchain has continued to attract a lot of foreign interests from top exchanges and businesses. One such is the United Arab Emirate (UAE)-based money transfer platform Al Fardan Exchange, which recently teamed up with the Ripple blockchain.

Following on the hot heels of the news, another UAE fintech firm Pyypl has also tapped Ripple for an instant, low-cost remittances to the Middle East and North Africa (MENA) region.

Despite trading below $1 at the current value of $0.58, XRP still comes with a lot of potential upsides and is a cheap cryptocurrency to invest in for meteoric gains this year.

6. Polygon (MATIC)

Polygon has been a revelation in the past year, and with such a strong growing use case, the digital asset trading below the $2 mark shows the ERC-20 token is a cheap cryptocurrency to invest in.

Operating on top of the Ethereum blockchain as a layer-2 protocol, Polygon bundles transactions and validates them off-chain before adding them back. In essence, Polygon lifts the burden of the transaction on the foremost smart contract and has a recorded throughput of 65,000.

Polygon has generated buzz, with several investors piling on the digital asset. In a bullish wave, utility token MATIC surged to an all-time high (ATH) of $2.92 in late December.

At the moment of writing, MATIC is down 46% from its record high, largely due to the strong bearish trend in the crypto market. This puts the top digital asset at $1.5, down 5.37% in the last day.

Despite its low price, Polygon has not lost its appeal and has recently been tapped by the World Wildlife Fund (WWF) UK for the launch of eco-friendly NFTs.

7. Near Protocol (NEAR)

Near Protocol is a flourishing smart contract protocol and is out to address the pain-points blockchain users and developers alike experience. Launched as a direct rival to the Ethereum network, Near Protocol has since garnered much interest from the blockchain community globally.

The Ethereum competitor has recently integrated with NFT platform ArtCentral.io to launch its 124,000 NFTs into the Metaverse ecosystem. Also, CannaDAO – a cannabis protocol – has recently launched on the Near Protocol.

Native token NEAR has battled with the bears and is trading at $10.533, down 5.30% in the past day. However, a modest 6.53% increase in the past week puts NEAR in a good spot with investors.

8. Algorand (ALGO)

Algorand is a must-have for any investor looking for a cheap cryptocurrency to invest in and with strong fundamentals backing it up. The asset is built to be scalable, energy-efficient, and low-cost. The Algorand blockchain has remained a top favourite among several decentralised finance (DeFi) and NFT investors and users.

To that effect, the Algorand blockchain has been selected by the Dahai art institute for the tokenisation of artworks.

Real estate platform Lofty AI has also launched on Algorand to enable virtual real estate owners to receive rental income from their digitised assets.

Algorand is currently biting the dust at price and is down 5.21%, trading at $0.9. However, a 10.50% weekly increase points to a growing positive outlook.

9. UniSwap (UNI)

UniSwap has tapped into the DeFi frenzy, which began in 2020. The Etheeum-based protocol has since become the premier DEX and automated market maker (AMM) platform allowing investors to swap or exchange tokens easily and in a trustless manner.

UniSwap has continued to roll out modifications of its protocol with the recent V3.0 processing trades well over $2 billion in daily trading volumes.

UniSwap is currently the second-largest DEX platform only behind Curve Finance with $6.4 billion in total value locked (TVL).

UniSwap is currently trading below the critical 20-day moving average (MA) support level at $10.67, down 5.89% in the past day. Weekly gains of 10.09% show a growing promise for growth.

10. Fantom (FTM)

On our final cheap cryptocurrency to invest list is popular Ethereum competitor Fantom blockchain. Using an innovative Tangle distributed system, Fantom is provably faster and more economical than the older proof-of-work (PoW) smart contract platform.

The Fantom blockchain has been a crypto sensation in the past six months with the blockchain becoming the fourth most valuable smart contract platform with over $8.9 billion in TVL. The digital token has also been added to the crypto lending platform Nexo.

Currently trading at $1.93, FTM is a cheap cryptocurrency to invest in for the long haul. The digital asset is however down 8.94% in the past day, with a modest 0.47% in the past day.

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