Here's a short article about my top 5 cryptos that are currently under $5. Cool intro to the article, huh? I'm all business today.
Harmony (ONE) — $0.03
There are two big problems in crypto today: speed & fees. Harmony's mission is to solve both of them. Their focus is cross-chain and making it super easy for existing projects to port to Harmony where fees & latency will be dramatically reduced. Their 2021 roadmap includes completing Ethereum and Bitcoin bridges, so this project should explode if it delivers on its promises.
DeFiChain (DFI) — $3.96
I stumbled on DeFiChain via Cake DeFi. Cake is created by the same co-founders as DeFiChain, so while the two are not the same, they are very interconnected. Cake DeFi is awesome because it's so easy to use and offers great returns. They have 3 products today. First, there's liquidity mining which offers 130-200% APY depending on resources provided. It's paid mostly in DFI, but that's okay with me, because I think it's ripe for big gains. Second, they offer staking DFI which earns 37%. And finally, they have their Lapis service, which works like a 4-week mini CD. The Lapis service returns a guaranteed 5% on BTC with opportunity to earn 7.5% depending on final value of BTC at the end of the "baking" period. So, for example, I'll earn 7.5% if BTC can hit $65k in the next few weeks, which feels very possible at the moment.
Cake DeFi has made a ton of improvements at the end of Q4 and has an ambitious roadmap for 2021. It's gaining momentum, and if they can deliver, DFI should easily climb in value.
Polygon (MATIC) — $0.17
The newly-rebranded Polygon is similar to Harmony in that its key value proposition is in improving the problems that exist with Ethereum today, namely fees. It's a tall order to rebrand and go all-in on a new strategy. For less than two dimes a pop, I think they're well-worth taking a flyer on. And if they succeed in their new mission--look out.
The Graph (GRT) — $2.25
The Graph aspires to be "the Google of web 3.0." What I like about The Graph, though, is that it's been adopted by many of the most successful dapps that exist today--projects like Uniswap and Synthetix. That's enough to make me feel good about them without the whole Google-of-web3 thing. They've been on a wild run lately, multiplying in value in the past few weeks.
Cardano (ADA) — $1.12
Cardano is the Ethereum competitor that's on the rise. The insane fees of Ethereum have given rise to Binance Smart Chain (BSC), and that means there's also plenty of space for Cardano to grow, too.
That's it! Let me know what you think. What other under-$5 gems should be included on the list?