If you’re looking for a crypto investment that can bring you a medium to high return on your investment in the coming months, then you should be on the watch for low-price crypto assets. However, the volatile nature of the coin market makes low-priced cryptocurrencies riskier than your top coins within the market. The risk is higher, but the reward is also far higher.
Hence implementing risk reduction strategies is a good idea before considering any of these cryptocurrencies. Carlossy Caterpillar (Carl), Ripple (XRP), and Nexo (NEXO) are the three low-priced altcoins with a promising prospect of a good run, and we look into them below:
XRP, the cross-border utility token produced by Ripple is a popular cryptocurrency in the coin market with a market capitalization that’s only behind a few. XRPs $18 billion total market value is currently the 7th on Coinmarketcap, and over 1.6 million individuals are looking to add the low-priced top cryptocurrency to their portfolio. Experts are tipping the giant cryptocurrency to have a successful market run and break the $1 mark once the market stabilizes and the effect of the bear market wears on.
Ripple (XRP) relaunched as an XRP ledger in 2021 after its initial introduction to the market in 2012. The cryptocurrency still maintains its top position in the coin market, and developers have ensured it has more utility and uses cases that increase its adoption potential and concurrently instigate a price surge beyond its initial $3.84 all-time high some years back.
XRP powers the XRP Ledger platform, a decentralized and permissionless open-source protocol based on Blockchain technology. The network provides users with unique benefits, which include low transaction fees, increased scalability and speed, and an inherently carbon-neutral and energy-efficient feature. The platform boasts over 70 million ledgers and the first DEX (decentralized exchange).
It’s capable of custom tokenization and other payment-related use cases, including micropayments, DeFi, and proposed NFTs. Its features increase its adoption potential, and analysts believe it could experience a rapid price increase if certain decisions by developers go as planned.
Nexo (NEXO) is another great cryptocurrency with the prospect of a profitable return. It sells slightly below the $1 mark. Analysts are tipping it to rally far beyond that point in the coming months. Nexo (NEXO) peaked at an all-time high of $4.63 about 9 months ago, and analysts believe it will make a return towards this point if the market conditions remain favorable in the coming months.
NEXO is the native token of the Nexo platform, where users can get instant crypto-backed loans. The decentralized network permits users to deposit accepted digital assets like Litecoin (LTC), XRP (XRP), Ether (ETH), and Bitcoin (BTC) as collateral to take loans in the form of stablecoin or fiat currency. Users can leverage the NEXO token to get discounts on accumulated loan interests by staking it. It also provides them with earning opportunities like dividends from Nexo’s profits and interest payments on funded deposits.
Experts’ analysis points towards a good run for NEXO in the coming months, while some believe an entry now will only be profitable in the long run. It’s advisable to look before leaping and implementing necessary risk management procedures.
Carlossy Caterpillar (Carl)
Carlossy caterpillar is a meme-inspired project making it a meme token. Unlike most of the tokens that saturate the meme space of the crypto market, Carl isn’t a dog-themed token. Rather, the developers choose an unconventional caterpillar as the token’s theme.
Carlossy caterpillar was inspired by a public dispute between two companies over the copyright of a caterpillar cake. The developers aim to leverage the viral nature of the dispute that brought about many internet memes to penetrate the market. Carlossy Caterpillar will aim to draw more people to the Blockchain chain market using the meme and fun approach. It will join the league of other top meme coins created just for laughs, including Shiba Inu Floki inu, and Doge.
Developers will hope the token can replicate the success of previous meme coins. Market analysts have deemed it possible, with the implementation of the right marketing strategy and use cases.
Carlossy caterpillar could be the next big deal, and you can make the most of it as an early adopter by joining the presale earlier. Early presale entry at stage 1 attracts a 10% bonus, and you can earn 8% and 5% at stages 2 and 3, respectively.