But each year this percentage increase declines as the base denominator rises. With a present total of 128 billion Dogecoin, that means the average annual increase is 3.90%. This is because the token issues just 5 billion new Dogecoin each year. Moreover, Dogecoin has a slightly inflationary token supply structure. I wrote about its phenomenal rise recently in InvestorPlace, and about those saying the joke is over. Let’s dive in and look at these cryptocurrencies.ĭogecoin was originally created as a joke to mimic the rise of Bitcoin, but it has since taken on a life of its own. 7 Cryptocurrencies Under $2 That Could Be The Next Bitcoin So if they ever trade above $100, like Litecoin (CCC: LTC-USD), currently at $351, or Filecoin (CCC: FIL-USD), at $150.67, investors can make a lot of money. That means for $2,000 you can buy up to 1,000 coins or tokens. These alternative picks might provide the same meteoric upside both Bitcoin and Ethereum have had over their lifespan.Įach of these cryptocurrencies trades below $2. We’ll look for altcoins that have lower absolute prices than these top two cryptocurrencies. ETH-USD was at $3,535 as of Friday, May 7, and is up 384% from $730.37 as of Dec.
This article discusses 7 of the top 20 largest cryptocurrencies to consider investing in beyond Bitcoin and Ethereum (CCC: ETH-USD), the second-largest cryptocurrency. Many investors are considering other cryptocurrencies that might offer better upside and a cheaper absolute price. As of Friday May 7, BTC-USD was trading at $57,732, up 99.3% from $28,972 on Dec.
Bitcoin (CCC: BTC-USD) has moved up so far, so fast that anyone starting to invest in cryptocurrencies is more or less forced to look at alternative plays.
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