What is CryptoCurrency:

A cryptocurrency is a type of currency which uses digital files as money. Usually, the files are created using the same ways as cryptography (the science of hiding information). Digital signatures can be used to keep the transactions safe, and let other people check that the transactions are real.

Many companies have issued their own currencies, often called tokens, and these can be traded specifically for the good or service that the company provides. ... Cryptocurrencies work using a technology called blockchain.

Today I discuss about 5 Cheap And Potential Cryptocurrencies To Invest In 2021.

 1. 

Cardano (ADA): $2.06

Because of its flexible network and fast transactions, Cardano is expected to remain one of the most popular cryptocurrencies.

Scalability, interoperability, and sustainability are among its chief selling points. Charles Hoskinson (co-founder of Ethereum) developed Cardano. The recent update finally brought the ability to build smart contracts on Cardano's network.

This coin also has low transaction fees and a strong development team working to fully decentralize the project. Developers can now start working on dApps, new cryptocurrencies, and even the DeFi sector thanks to smart contracts.

 

2. 


Dogecoin: $0.2625

After a shady past, this coin has resurfaced thanks to Elon Musk's moniker as the "Dodgemaster." Nobody expected this meme coin, which was created in 2013, to become legit, let alone to be included in the top list of cryptocurrencies.

DOGE, the coin that has risen to prominence earlier this year, thanks to Elon Musk, is the cheapest cryptocurrency to purchase in 2021. Dogecoin is currently one of the cryptocurrencies that many analysts consider to be a viable investment option.


3. 


Chainlink: $32.60

Chainlink's decentralized oracle network offers tamper-proof inputs and outputs for complex smart contracts on any blockchain. The market capitalization of LINK has recently surpassed $20 billion.

Chainlink has now consolidated its place as the 11th most valuable cryptocurrency on the Coinbase list as a result of this step. Chainlink integrates third-party data into smart contracts. Smart contracts on Ethereum will now respond to other asset rates, global events, and API calls.

Smart contracts are made even smarter with Chainlink. Chainlink (or Link) is a cryptocurrency and  oracle network that provides real-world data to blockchain's.

It is one of the primary data sources used to feed information to decentralized finance applications. Chainlink was founded by Sergey Nazarov in 2017.


4. 


Polygon: $1.75

Polygon is Ethereum-compatible blockchain interoperability and scaling platform. The MATIC token, which is utilized for governance, staking, and gas costs, remains central.

Polygon is a framework for creating blockchain networks that are interlinked. It uses a revolutionary sidechain solution to overcome some of Ethereum's major shortcomings, such as throughput, bad user experience (high speed and delayed transactions), and lack of community control.

The Ethereum layer, security layer, Polygon networks layer, and execution layer are the four layers that makeup Polygon's architecture.

The Polygon project is one of the more recent attempts at blockchain interoperability and scaling, and it aims to alleviate some of the apparent constraints of projects like Polkadot and Cosmos.


5. 


EOS: $4.9795

The smart contract platform claims to be able to execute millions of transactions per second while also eliminating transaction fees. EOS provides secure access and authentication, permissions, data hosting, use control, and dApp-to-Internet connectivity. Although EOS has considerable promise, Ethereum is its major rival and is now more popular.