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Best Cryptocurrencies Under $5 • Huge Growth • Benzinga Crypto


Want to skip straight to the answer? You can buy all the altcoins on this list on Coinbase!

Although you can buy any small fraction of Bitcoin or Ethereum, there’s something special about owning several coins of a cryptocurrency. If you don’t have thousands of dollars to invest in crypto with, then you won’t be able to own full coins cryptocurrencies like Bitcoin and Ethereum. Luckily, there are thousands of cryptocurrencies on the market, and there are plenty of cryptocurrencies under $5 that have massive growth potential!

What Are Altcoins?

If you’ve been involved in cryptocurrency at all, you’ve probably heard the term altcoin. The term altcoin refers to any cryptocurrency other than Bitcoin, with few exceptions. Stablecoins are cryptocurrencies pegged to other assets like the U.S dollar, and they’re typically referred to as stablecoins, not altcoins. Also, Ethereum is usually just referred to as ETH or Ether, as its mass adoption and robust ecosystem put it in a category of its own.

Altcoins Versus Bitcoin

There are some important differences between altcoins and Bitcoin that you should be aware of before investing in altcoins. Generally speaking, altcoins are higher risk investments when compared to Bitcoin. Bitcoin has seen mass adoption from governments, institutions and retail investors alike, giving it a wide user base and robust decentralized network. 

Also, many altcoins don’t have a maximum supply. While there can only be 21 million bitcoin ever created, many altcoins have a set inflation schedule to facilitate the project’s growth. It’s important to know a token’s inflation rate before investing, as this can affect the altcoin’s price.

Cryptocurrency Market Capitalization

Before buying a cryptocurrency because of its seemingly low price, you need to make sure the price is low because it’s market capitalization is low. Cryptocurrencies like Dogecoin have an enormous market capitalization, as there are over 100 billion tokens in circulation. What’s more, 10,000 Dogecoin are mined every minute, effectively decreasing the value of DOGE on a per token basis.

Let’s take a look at how token supply, market capitalization and token price are related. Let’s look at 2 cryptocurrencies: Dogecoin and 

  • Dogecoin has a circulating supply of 130 billion tokens. Each token is worth about 25 cents, and its market capitalization is $33 billion (token supply x token price).
  • has a circulating supply of just 36,000 tokens, and each token trades for over $28,000. Due to the low supply, the market cap of YFI is just over $1 billion.

So even though Dogecoin has a much lower price, it’s much harder to make a large percentage gain from investing in DOGE. While a $1 billion influx of capital to may double the price of the token, a $1 billion influx of capital into DOGE may only raise the price by a few percent.

Best Cryptocurrencies Under $5

  1. Cardano (ADA) is among the top competitors to Ethereum. Its proof-of-stake network allows for higher transaction throughput and inexpensive fees. The founder, Charles Hoskinson, also helped create Ethereum. Cardano has the highest market cap of the coins on this list at $40 billion. The token is currently trading at $1.28, down from it’s all time high of over $2 per coin. 
  2. 1inch (1INCH) is an aggregator for decentralized exchanges like Uniswap and SushiSwap. The platform allows investors to get the best price possible for the crypto they want to invest in, and the platform has over $40 million locked in its smart contracts. 1inch is trading at less than 50% of its price in May, coming in at just $2.40 per token. It’s market cap is also surprisingly low at just $414 million. If you believe in the DeFi industry, then 1inch may be a good investment for you. 
  3. Terra (LUNA) uses fiat-pegged stablecoins to facilitate a global payment system. The protocol uses its native token LUNA to collateralize payments on its network. While the token is currently trading at $5.16, you may be able to pick some up under $5 if you’re able to buy the coin while it’s down. The project has a market cap of $2.2 billion, ranking it the 43rd most valuable cryptocurrency by market cap.  
  4. Celo (CELO) aims to make cryptocurrency more accessible to the masses. Instead of using a long string of numbers and letters for users’ public keys, the project uses investors’ phone numbers as their public keys. This makes it easy to send and receive crypto from users’ contacts. The token is currently trading at $2.96, and it holds a market cap of $734 million.
  5. Curve DAO (CRV) is the backbone of many decentralized finance (DeFi) services on Ethereum. The platform focuses its exchange on stablecoin trading, giving users the best price possible for fiat-pegged stablecoins. The token is currently trading at just $1.50, and it’s market capitalization is a modest $540 million

Where To Buy Altcoins

While major cryptocurrencies like Bitcoin and Ethereum can be bought on any cryptocurrency exchange, certain altcoins are only available on specific exchanges. Luckily, all of the altcoins on this list are available on Coinbase. Coinbase is the largest U.S based crypto exchange. It’s a publicly traded company, so you can rest easy knowing that your funds are in good hands. 

If you’re looking for more variety, then consider Binance as your exchange of choice. The platform offers plenty of altcoins to invest in, and it’s the largest crypto exchange in the world. However, most investors would consider Coinbase more secure than Binance, as Coinbase stores the majority of investors’ funds in cold storage. 

1 Minute Review

Coinbase is one of the Internet’s largest cryptocurrency trading platforms. From Bitcoin to Litecoin or Basic Attention Token to Chainlink, Coinbase makes it exceptionally simple to buy and sell major cryptocurrency pairs. 

You can even earn cryptocurrency rewards through Coinbase’s unique Coinbase Earn feature. More advanced traders will love the Coinbase Pro platform, which offers more order types and enhanced functionality.

Though Coinbase doesn’t offer the most affordable pricing or the lowest fees, its simple platform is easy enough for complete beginners to master in as little as a single trade.

Best For

  • New cryptocurrency traders
  • Cryptocurrency traders interested in major pairs
  • Cryptocurrency traders interested in a simple platform

  • Simple platform is easy to operate
  • Comprehensive mobile app mirrors desktop functionality
  • Coinbase Earn feature rewards you with crypto for learning about available coins

  • Higher fees than competitors
1 Minute Review

eToro, headquartered in Cyprus, England and Israel, has provided forex products and other CFD derivatives to retail clients since 2007. A major eToro plus is its social trading operations, including OpenBook, which allows new clients to copy trade the platform’s best performers. Its social trading features are top notch,…

Read More: Best Cryptocurrencies Under $5 • Huge Growth • Benzinga Crypto

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