I wanna know is that 5$/m plan is sufficient for me if there is only 200 daily traffic.
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If you are going to host WordPress I would use the 1GB - WP is a resource hog and needs the extra RAM
I disagree, it all depends on configuring the server and its services best suited for the resource you have. But yes right, there is a limit to use it can be tweaked before adding more RAM or processing power..
But regarding WordPress, my 512 MB VPS along with a 512 MB Swap is able to handle a free control panel with 6 domains.. 3 of which runs WordPress, 1 runs a gallery applications (CopperMine) along with 2 static..
Two of the WordPress site handles 50 times more visitor each day than the number is questions..
Running CentOS 6.5 x32 along with 512 MB RAM and 512 MB Swap.. Every wordpress has some caching plug in enabled !!