The top three cryptocurrencies to buy under $5 are Stacks (STX), Optimism (OP), and Sui (SUI). These digital assets have shown remarkable performance and are expected to hold their value for five years. The rising crypto market is bringing these coins to the forefront, attracting investors with their potential for significant returns. 

1. Stacks (STX) 

Stacks (STX) is a Bitcoin Layer that supports smart contracts, enabling decentralized applications to utilize Bitcoin for transactions. Bitcoin, being the most valuable decentralized asset, benefits from Stacks’ layer by unlocking $500 billion in BTC capital. 

Stack transactions are hashed and settled on the Bitcoin blockchain, secured by Bitcoin’s hash power. Reordering stack transactions would require an attacker to reorg Bitcoin itself.

Stacks price chart

Currently, Stacks is priced at $2.42, reflecting a 6% increase in the last 24 hours. According to DefiLlama, the Stacks ecosystem has hit a new high with a Total Value Locked (TVL) of $132 million. The STX price has surged 26%, indicating a bullish trend.

This positive development and the bullish outlook suggest potential further increases in STX’s value. This positions STX as a top cryptocurrency to buy under $5 and hold for the next five years.

2. Sui (SUI)

Sui (SUI), a cutting-edge Layer 1 blockchain and smart contract platform, has quickly risen in the DeFi space. Within a year, it has secured a spot among the top 10 DeFi networks, showcasing its substantial influence. 

Sui’s focus on speed, privacy, and security has contributed to its rapid ascent, making it a compelling investment opportunity. Its effective blockchain solutions have led to an impressive increase in value. 

Sui price chart

Currently, Sui price stands at $1.15, reflecting a surge of over 5%. This positive momentum signals a strong buy indicator, reinforcing growing confidence in Sui as a leading altcoin in the fast-paced world of decentralized finance.

3. Optimism (OP)

Optimism (OP), a leading layer-2 scaling solution on the Ethereum blockchain, has been in the spotlight for boosting scalability and reducing transaction fees. Currently priced at $2.52, OP has seen a notable increase of 0.92% in the past day, a 2% rise over the week, and a remarkable 79% annual growth.

Optimism price chart

This performance makes it a top choice for investors, especially those looking to hold cryptocurrencies under $5 for five years. The platform has attracted significant interest from enthusiasts focused on Ethereum’s scalability. Optimism offers a strong alternative, with the network often facing high gas fees and congestion, and it provides efficient transaction processing and cost savings. 

With a Total Value Locked (TVL) surpassing $836 million, according to data from defillama, Optimism is a major player in the Ethereum scalability solutions landscape.

Bottom Line

Investing in Stacks (STX), Optimism (OP), and Sui (SUI) could yield substantial long-term gains. These cryptocurrencies have a bullish outlook and strong performance, making them solid options for a five-year investment.

The post 3 Top Crypto To Buy Under $5 And Hold For 5 Years appeared first on CoinGape.

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Filed under: News - @ June 7, 2024 3:26 pm