The cryptocurrency market started off on the backfoot this year as Bitcoin experienced a major crash in January. BTC dragged the entire market down along with it and several cryptos are now down -50% from their all-time highs.
The crash wiped away most of the profits made in 2021 leaving investors high and dry. Just when the market dusted itself from the crash, the Russia-Ukraine war caused another crash last week and many cryptos reached new monthly lows.
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The market is up today but that could be short-lived, as a bull run is nowhere on the horizon. Moreover, despite a spike, the price of several cryptos is on sale and affordable to the average investor.
Here are 3 affordable cryptos you can consider buying in March 2022 and hold for the long term for better results.
1. Ripple (XRP)
Ripple is among the most sought-after cryptos in the market and is trading at the lower side currently. XRP is embroiled in a legal battle with the SEC and many experts predict they might win the lawsuit.
XRP is hovering around the $0.77 mark today and is aiming to breach the $1 mark. There is room for the crypto not only to breach $1, but also go further in the coming years. At present, Ripple is at a discount and might not remain at this place in two years down the line.
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2. Cardano (ADA)
Cardano is trading at less than a dollar despite being under the top 10 cryptos list for a year. It fell from its all-time high of $3.09 in September 2021 and dipped further during the January and February crashes. ADA is considered to be more eco-friendly than the leading coins in the market proof-of-stake is less power-intensive.
In addition, Cardano might see an institutional adoption in the near future making it a prime investment in the long run. In a few years down the line, ADA might not be available for less than a dollar and the best time to bag it could be now.
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3. Dogecoin (DOGE)
Dogecoin is trading near its lowest price since a year at $0.13. Despite being a non-performing asset since May 2021, it’s still the most talked-about crypto in the world. It regularly makes headlines and remains in the news cycle every single day. Doge is also backed by celebrities like Elon Musk, Mark Cuban among others.
Even Ethereum founder Vitalik Buterin announced Doge is switching to proof of stake and he’s helping in the process. Now that Dogecoin is available at an affordable price, it’s good to stack up and hold on to the long term. The coin can have its breaking moment the same way it breached the 1 Cent mark, but this time at $1.