Following several months of cryptocurrency market pullback, a lot of digital assets have started to bounce back to break their resistance level. Bitcoin has finally reached the $5,000 mark following a lot of attempts as the rest of the virtual assets staged a huge bull run over this past week.
If you missed out on the opportunity to get involved in the market when the price of crypto was trading really low then this might be the time to take advantage of the current opportunity. It’s still the early stages of the bull run so maybe you can jump on the bandwagon before it takes off.
With this in mind, let’s take a look at three of the cheapest digital assets in the space right now.
Zcash is a cryptocurrency that is still trading at a low enough price that is fair for investors to get on board with. If you look at the history of the cryptos price, you can see that Zcash nearly hit $1,000 during 2017’s bull run, so we know that the potential is there.
Zcash provides an option for private and public transactions which offset the weaknesses of the existing cryptocurrencies. In fact, I won’t be surprised if this cryptocurrency pulls a shock bull run to see it trade over $100.
Like the rest of the market, Litecoin started the year on a bad note, trading at just over $31. Some news outlets have claimed that Litecoin is on its way to the moon but recently, Mike Novogratz has said that the digital asset is significantly overvalued.
Even so, Litecoin is one of the strongest performers at the moment with a remarkable run over this past week.
Furthermore, Litecoin is priced at just under $90 so it's definitely still affordable for investors.
Verge is one of the few cheap cryptocurrencies that still has a lot of potential in the market.
Currently trading at around the $0.010 mark, it is one of the most affordable cryptocurrencies in the space and has a lot of potentials.
Even so, the strength of this crypto isn’t in its price but instead, in its potential. Before it broke out in price to stage its previous bull-run, the crypto expert John McAfee predicted the price of Verge to reach $15 by summer of 2018.