Best Cheap Crypto to Buy Now in 2024: 14 Top Picks
Cryptocurrency tokens are available in a wide range of prices, from tens of thousands of dollars for one Bitcoin to meme coins that cost less than a penny. Cheap cryptocurrencies typically trade for less than a dollar.
Here, we’ll explore the best cheap crypto to buy now in 2024, the pros and cons of investing in cheap cryptocurrencies, tips on how to choose them, and more.
Top Cheapest Cryptos to Buy
- First truly multi-chain Doge token, promising interoperability across major blockchains
- Easy to buy and claim $DOGEVERSE tokens during presale phase
- Could be the next Doge-inspired coin to explode ahead of Doge Day
ETH
usdt
- Brand new South Park-inspired seal-themed SOL meme coin
- Ideal coin to buy in presale ahead of the expected summer meme coin frenzy
- Thought to be by the team that was also behind the viral SLERF coin
Solana
- Infinitely upgradeable AI meme coin, with modular technological capabilities.
- Huge staking rewards available everyday during presale.
- Presale price rises every two days - buy now to benefit from best price before listing.
- ETH
- usdt
- First of its kind daily rewards based on the performance of Mega Dice Casino
- $DICE holders can enjoy 25% rev-share through the Mega Dice Referral Program
- $2,250,000+ USD airdrop for casino players
- Solana
- ETH
bnb
- Learn-to-Earn platform that rewards users for learning about crypto
- Stake $99BTC tokens in secure smart contract to earn passive rewards
- Get the edge in fast-moving markets with expert crypto trading signals
- ETH
- usdt
Bank Card- +1 more
- Innovatives VR & AR Gaming Project
- Aiming to Raise $15M Across 12 Rounds
- Token Holders Get Lifetime Access to VR Content
- ETH
- usdt
- Bank Card
- Trending meme coin with P2E utility & staking rewards
- Price up 10x in past month, rumors of Binance listing
- 12k+ holders and growing
- Bank Card
- usdt
- ETH
- Buy and hold $SMOG to generate and earn airdrop points
- 35% of supply reserved for future airdrop rewards
- Viral potential after pumping over 1000%
- usdt
- Solana
- Native BSC token
- Audited by Coinsult
- Long-term rewards for holders
- bnb
- usdt
- Bank Card
- Access to huge fee revenue through staking
- 50% of 10bn token supply available at presale stage
- 85% of fees go back to the community
- usdt
- bnb
- ETH
- New meme coin offering an immersive experience via high-stakes battles
- Participants can buy and stake $SHIBASHOOT tokens for rewards in excess of 25,000% p/a
- Token holders can cast votes on key project decisions and try their luck in the 'Lucky Lasso Lotteries'
- ETH
- usdt
- bnb
- First crypto-based lending platform, allowing loans up to 75% of the total Memereum assets.
- Comprehensive insurance coverage for digital coins and precious metals, including gold and silver.
- High-value holders get state-of-the-art NFTs, valued over $1,500 in the open market.
- bnb
- usdt
- ETH
- Innovative AI crypto casino offering staking, airdrops and custom games
- $HPLT presale has raised over $400k so far with +60M bets placed by +150k users
- Offers daily staking rewards, hype NFTs and is fully audited by Certik
- bnb
- ETH
- usdt
Best Cheap Crypto to Buy Now in 2024 Reviewed
Looking for affordable tokens to add to your investment portfolio? Below are our reviews of the best cheap cryptocurrencies to buy in May 2024.
1. Dogeverse — The Newest Cheap Crypto to Buy in 2024
Dogeverse is a pioneering multichain meme coin featuring Cosmo the Doge. Investors can now participate in its presale by purchasing $DOGEVERSE tokens with ETH, USDT, or credit/debit card. Within minutes of its launch, Dogeverse raised $254,000.
Holders can claim their tokens before the first DEX listing — detailed timelines will be shared via Dogeverse’s social media channels. Investors can stake $DOGEVERSE on an Ethereum smart contract for a designated period, yielding additional tokens over time.
Cosmo’s vision is to see $DOGEVERSE shine across all decentralized exchanges (DEXs) and centralized exchanges (CEXs), ushering in a new era of multichain meme utility. As such, this meme coin will launch on six prominent blockchains, with negligible gas fees and superior bridging technology.
The Dogeverse roadmap promises a series of milestones, from contract audits and presale initiation to community building and exchange listings. With a total token supply of 200,000,000,000, Dogeverse’s allocation strategy encompasses various facets, including staking, liquidity, marketing, and ecosystem development.
Interested in joining the Dogeverse? The process is simple: visit the official website, connect your wallet, choose your preferred network, purchase $DOGEVERSE tokens, and wait for further instructions for claiming and trading across major chains and DEXs.
| Ticker | $DOGEVERSE |
| Circulating Supply | N/A |
| Market Cap | N/A |
| All-Time High | N/A |
2. Slothana — The Simplest Presale in Crypto
Slothana ($SLOTH) is the latest sensation in the Solana-based meme token arena. With a unique presale model and a captivating concept centered around the office sloth’s foray into crypto trading, Slothana has quickly turned investors’ heads.
At an attractive entry point of approximately $0.018 per $SLOTH (equivalent to 1 SOL for 10,000 $SLOTH at current rates), early buyers stand to benefit from the token’s potential upside. The simplicity of its presale mechanism, where investors send SOL to a designated address and receive $SLOTH as an airdrop, has contributed to its rapid uptake.
Community support has been instrumental in Slothana’s success, with over $1 million raised within just two days of its launch — now standing at $10 million. This robust backing underscores investors’ trust and confidence in the project, setting a solid foundation for future growth.
Slothana’s roadmap includes plans for exchange listings, which are poised to significantly enhance its market presence and price. Leveraging the Solana blockchain ensures quick and cost-effective transactions, further bolstering the token’s appeal.
Looking ahead, Slothana’s potential for exponential returns is high, drawing parallels to the success of its predecessors like Slerf.
| Ticker | $SLOTH |
| Circulating Supply | N/A |
| Market Cap | N/A |
| All-Time High | N/A |
3. 5th Scape — The Best VR Crypto Project
The 5th Scape project is building a virtual reality (VR) ecosystem that aims to permeate every element of our lives and the VR market. The $5CAPE token is currently at the presale stage, raising funds to help build the huge ecosystem of products, both physical and virtual, that the 5th Scape team has planned.
This token is one of the cheapest cryptocurrencies available right now, at just $0.00187 per token at the current stage of presale. $5SCAPE is the utility and payment token of the 5th Scape ecosystem and holders receive numerous benefits, including:
- Discounts on 5th Scape products
- Free basic access to the suite of 5th Scape games
- Special features and unique in-game items in 5th Scape games
- Early access to the latest VR content
- Membership to a community of fellow VR enthusiasts
- Access to special VR content across a wide variety of mediums
5thScape has the development of five games on their roadmap for 2024 focusing on games with mass appeal—sports games including MMA, cricket, soccer, archery, and racing. This is also a smart business decision, as the VR gaming market is expected to grow at a compound annual growth rate (CAGR) of 36% from 2023 to 2030.
In addition to its games and VR content, 5th Scape also plans to design and release its own VR equipment, including a state-of-the-art VR headset and a chair designed for use in VR environments. To learn more or to pick up some $5SCAPE tokens in the presale simply visit the 5th Scape website.
| Ticker | $5SCAPE |
| Circulating Supply | N/A |
| Market Cap | N/A |
| All-Time High | N/A |
4. Dogecoin20 — The Most Eco-Friendly Cheap Crypto to Buy
Dogecoin20 ($DOGE20) offers a fresh take on the iconic Dogecoin with Ethereum’s eco-friendly Proof-of-Stake (PoS) mechanism. With a focus on sustainability and community-driven initiatives under the motto “Do Only Good Everyday,” Dogecoin20 aims to redefine meme coins.
The token’s presale has garnered significant attention, with a tiered pricing model attracting early investors. At present, $DOGE20 is available for purchase at just $0.00022 per token, a price set to increase as the presale progresses and exchange listings loom.
Dogecoin20’s commitment to sustainability extends to its PoS protocol, offering faster transactions and reduced energy consumption compared to traditional Proof-of-Work (PoW) models. This eco-friendly approach aligns with the growing demand for sustainable projects in the crypto community.
Staking lies at the heart of Dogecoin20, with holders earning passive rewards by contributing to network stability. A generous staking APY of 418% in the early stages incentivizes early participation, further driving demand for $DOGE20.
The token’s roadmap includes plans for a Uniswap listing, providing liquidity and expanding market presence. Coupled with potential listings on additional exchanges, this move is expected to attract a broader investor base and fuel price growth.
Factors influencing Dogecoin20’s price include the success of its presale and staking incentives, upcoming exchange listings, demand for sustainable projects, and community support.
With a strong foundation and growing interest, Dogecoin20 presents an exciting opportunity for investors seeking affordable crypto with potential for growth.
| Ticker | $DOGE20 |
| Circulating Supply | N/A |
| Market Cap | N/A |
| All-Time High | N/A |
5. Sponge V2 — The Best Play-to-Earn Cheap Crypto to Buy
Sponge V1 is an existing meme coin that, on its release in May 2023, immediately pumped 100x, providing huge returns for initial investors. Now, with the idea of adding utility through a play-to-earn game, the Sponge team is migrating to a V2 contract, giving investors the chance to buy in again.
To do this they are holding a presale where users can buy the remaining supply of Sponge V1 tokens, which are immediately staked to the Sponge V2 contract, allowing the buyer to earn staking rewards of 315% while they wait for the presale to be over.
During its short existence, less than a year so far, Sponge V1 has built a strong community of over 30k+ followers, been listed on some of the top exchanges, and climbed from a market cap of under $1 million to within reach of a $100 million market cap.
Holders of SpongeV2 will be able to buy game credits and then use them to play the game and earn SpongeV2 tokens — with the ability to practice on a free-to-play game first.
Tokens prices in this sale are dynamic, following the value of the Sponge V1 token on exchanges to ensure a fair transition for everyone. Those interested can check out the Sponge V2 whitepaper, or join the community on the Twitter, Telegram, and Discord channels.
| Ticker | $SPONGE |
| Circulating Supply | 96,300,000,000 |
| Market Cap | $156 m |
| All-Time High | $0.002394 |
6. Smog — The Biggest Crypto Airdrop Ever
Smog is a cheap but promising cryptocurrency to buy this year, experiencing a strong rally of 4,700% after its launch. The Solana-based meme coin was released via the Jupiter decentralized exchange (DEX) earlier this year, offering a 42% APY to stakers in hopes of building its investor base.
$DOGE and $PEPE are some of the meme coins Smog hopes to replicate, and is attempting to do this by using a dragon-inspired theme to create its unique cult following.
For those who buy and hold or stake $SMOG, they will receive points that will go towards its imminent airdrop, which it expects to be the biggest one ever.
35% of its 1.4 billion tokens will go towards the airdrop, with the lion’s share of 50% being spent on marketing. The remaining allocation will be distributed for listings on Centralized Exchanges (CEX) and Decentralized Exchanges (DEX) respectively.
Join Smog on Telegram and X (formerly Twitter) to learn more.
| Ticker | $SMOG |
| Circulating Supply | 778,999,968 |
| Market Cap | $116.8 m |
| All-Time High | $0.3513 |
7. eTukTuk — The Best Cheap Crypto with Physical-World Utility
The eTukTuk project is an ambitious project which, unlike many others in the world of Web3, aims to make a huge impact in the physical world. eTukTuk plans to install charging stations for electric tuktuks, or eTukTuks, where drivers can charge their vehicles and access other necessities as the station’s owner deems fit to provide.
This project is currently at the presale stage, raising funds to begin setting up its electric vehicle supply equipment (EVSE) and charging stations. the first of which will be in Colombo, Sri Lanka, with the plan to franchise out the idea after that, where franchise owners make a commission for each transaction that occurs at their charging station.
TukTuk drivers will pay for their charge with $TUK through a driver’s app, creating consistent demand for the token. With 270 million TukTuks on the world’s roads, and the transition to renewable energy and electric vehicles in full swing, the eTukTuk project is looking at the future to capitalize on this societal swing.
The $TUK token is one of the cheapest cryptocurrency tokens to buy, as it is available in presale right now for only $0.02632 per token. As a bonus, to help build awareness of the project, eTukTuk will also be releasing a “Crazy Taxi” style game featuring tuktuks.
| Ticker | $TUK |
| Circulating Supply | 6,090,000,000 |
| Market Cap | $73.8940 |
| All-Time High | N/A |
8. Bitcoin Minetrix — The Best Bitcoin Mining Cheap Crypto
The Bitcoin Minetrix platform is currently in the presale stage and is tipped by many to be one of the best cheap cryptos to buy right now. 70% of Bitcoin Minetrix ($BTCMTX) tokens are being sold in the project’s presale to raise a target of $33 million to build the Bitcoin Minetrix platform.
The Bitcoin Minetrix platform will allow token holders to stake their BTCMTX tokens to earn non-transferable Bitcoin Cloud Mining Credits, which can then be burned to earn cloud mining power time that they can then use to mine Bitcoin. Thus enabling individuals to mine the world’s biggest cryptocurrency without having to invest money and time in the expensive hardware required to do so.
The huge resurgence seen in the Bitcoin price at the end of 2023, driven by ETF approval speculation, has reinvigorated interest in both Bitcoin and Bitcoin mining.
With the 2024 Bitcoin Halving event set to drive some of the least profitable miners to end their operations, there’s the opportunity for others to fill the space that their exit leaves. Such a timely position makes Bitcoin Minetrix one of the best cheap crypto to buy now.
| Ticker | $BTCMTX |
| Circulating Supply | N/A |
| Market Cap | N/A |
| All-Time High | N/A |
9. Scorpion Casino — The Best Cheap Crypto Casino Token
At the Scorpion Casino online social gambling platform users can stake their tokens to earn a daily yield while playing their favorite casino games and exploring new ones.
The Casino is currently live, in the beta stage, and users can access over 210 casino games, with 160 live tables and games from some of the most notable gaming providers in the casino world, such as Evolution and AMATIC.
Users can play games like blackjack, roulette, and poker on live tables, alongside a sportsbook that allows them to wager on all the major sports around the world.
The Scorpion Casino is fully regulated and licensed by the Curacao eGaming licensing entity. The $SCORP token will be the payment method in the $SCORP casino and the default betting currency. Visit the Scorpion Casino website to learn more.
| Ticker | $SCORP |
| Circulating Supply | 1 billion |
| Market Cap | $243,683 |
| All-Time High | N/A |
10. XRP — The Best Banking Cheap Token
The XRP token from Ripple Labs, is the token of the XRP ledger, designed to enable rapid cross-border payments. The XRP Ledger was launched in 2021, and the company already has a huge list of banking partners from around the globe, including names like Santander and HSBC.
The XRP token is currently priced at just $0.6237 per token. It has an all-time high of $3.84, achieved in 2018. Since then, however, the company behind XRP has been sued by the SEC for offering unregulated securities. When this happened in December 2020, the token lost over 63% of its value.
However, the SEC has recently dropped charges against two Ripple executives, and a date is set for April for the court case. If Ripple wins this case it could be a huge step for the cryptocurrency world, and many predict that the XRP token could skyrocket, potentially making it one of the best and cheapest cryptocurrencies on the market at the moment.
| Ticker | $XRP |
| Circulating Supply | 55,051,549,471 |
| Market Cap | $34 billion |
| All-Time High | $3.093 |
11. Dogecoin — The Most Established Meme Coin
Dogecoin started life as a joke cryptocurrency, created in 2013 by two software engineers. The idea was that they wanted a digital token that could reach a wider audience than Bitcoin, and decided to base their token on a meme to do so. The code was created in just a few hours, and within a month of its launch the website had received over a million visitors.
Dogecoin was the first meme coin and has since spurred and whole ecosystem of meme coins. Those who have owned Dogecoin have been on a wild ride, as Dogecoin rose 14,593.4% in early 2021 and then proceeded to lose 75% of that value quicker than it had gained it.
The valuation of Dogecoin has been spurred on by many things, including tweets and actions from X and Tesla owner, Elon Musk.
Despite its original beginnings as a meme coin, a team is now developing the tools for merchants to easily integrate Dogecoin into their tech stack and accept Dogecoin payments.
Like many meme coins, Dogecoin is a cheap crypto. Many predict Dogecoin to rise dramatically again, as it is expected that Musk will integrate it as a payment token on the popular X social network.
| Ticker | $DOGE |
| Circulating Supply | 143.80 billion |
| Market Cap | $29.423 billion |
| All-Time High | $0.6358 |
12. Chainlink — The Most Undervalued Utility Token
While Chainlink might not be the cheapest cryptocurrency on this list, it makes its way on our list because of its immense utility for the future of the cryptocurrency and blockchain ecosystem.
Chainlink is blockchain agnostic, providing all blockchains with access to its network of decentralized oracles. Its network provides smart contracts with the information, networks, and events they need to make smart contracts the preeminent method for conducting financial activity in the future.
While the current $LINK price of $18.30 per token means it’s not the cheapest crypto, this valuation is said by some to be just a fraction of what it could be worth when blockchain technology goes mainstream.
| Ticker | $LINK |
| Circulating Supply | 587,099,970 |
| Market Cap | $10.75 billion |
| All-Time High | $48.84 |
13. Uniswap — The Best DEX Cheap Token
According to DeFi Llama, Uniswap is the most popular DEX in existence, with a whopping $6.12 billion in TVL across 13 different blockchains. This is reflected in its market cap, currently valued at almost $7 billion.
Uniswap is the preeminent DEX of the cryptocurrency ecosystem and, through three different versions, has brought revolutionary new technology and processes to DeFi.
While it, like Chainlink, might not be the cheapest cryptocurrency on this list, unlike many of the others, it has a proven history of delivering game-changing developments and has already established itself at the top of the DeFi stack.
| Ticker | $UNI |
| Circulating Supply | 598,736,140 |
| Market Cap | $6.987 billion |
| All-Time High | $43.08 |
14. Cardano — The Cheapest Smart Contract Blockchain Token
Unlike many newer and popular blockchains, like Ethereum and Solana, Cardano is based on the same style of accounting model as Bitcoin: UTxO. While this offers some drawbacks in terms of speed of development, it has resulted in a thriving ecosystem of over 1,000 dApps, thousands of NFT projects, and a fiercely passionate community of followers.
While Cardano is currently one of the cheapest currencies in the top ten, priced at just $0.6137, it is far from its all-time high of $2.96. This all-time high was achieved before Cardano had any smart contracting capabilities or dApps, and many speculate that, during the current bull run, Cardano could be one of the best-performing coins.
| Ticker | $ADA |
| Circulating Supply | 35,603,474,371 |
| Market Cap | $21,84 billion |
| All-Time High | $2.96 |
Methodology: How We Ranked the Best Cheap Cryptocurrencies
To rate the best cheap cryptocurrencies, we evaluated five key factors, scoring them on a scale of 1-10. We then weighted the categories to determine an overall score for each cheap crypto, and tallied the final scores to rank them.
Lowest Market Cap (25%)
Understanding the difference between low price and low market cap is important when evaluating the best cheap crypto to buy.
A low price per token doesn’t necessarily mean it’s undervalued or has a high potential for growth. It’s the market capitalization — calculated as the current price per token multiplied by the total number of tokens in circulation — that provides a clearer picture of the cryptocurrency’s actual market value.
Low cap crypto tokens often have the highest upside for a few reasons:
- Undiscovered Potential: Low market cap coins may not have caught the attention of the broader market yet, indicating potential for significant growth as they become more widely known.
- High Growth Potential: With a smaller value, it’s easier to double or triple in market cap compared to already large-cap coins.
- Volatility and Rewards: While higher volatility is inherent with lower market caps, it also opens up the opportunity for substantial rewards. Investors willing to take on more risk can potentially see higher returns as these projects grow.
However, their potential for high returns comes with increased risk, including less liquidity and higher susceptibility to market manipulation. In our research, we carried out proper due diligence to differentiate between truly promising projects and those with less substance.
Fast Price Growth (25%)
The ability to quickly increase in value is what makes crypto attractive compared to traditional investments. Investors are drawn to the fastest growing cryptocurrencies because they offer the prospect of high returns on investment.
Fast price growth is often an indicator of strong market momentum or a positive response to recent developments, such as technological advancements, partnerships, or community growth. This momentum can attract more investors, further driving up the price.
Additionally, this can signal positive market sentiment. Optimism can be contagious, encouraging more buying activity and potentially leading to further price appreciation.
Lastly, fast-growing cryptocurrencies often gain increased media and investor attention, which can propel them into the mainstream and attract even more investment, creating a cycle that supports continued growth.
That being said, we also considered the reasons behind fast price growth, recognizing that rapid price increases can also reflect speculative bubbles rather than underlying value.
External Auditing (25%)
External audits are conducted by third-party organizations to assess a cryptocurrency project’s security, code integrity, and overall legitimacy.
These audits offer a seal of approval, indicating that a project has undergone rigorous examination and meets certain standards of security and reliability. Audited projects significantly lower risks, like scams and rug pulls, by verifying the project’s integrity and the developers’ commitment to their community.
Moreover, it promotes transparency, providing public access to audit reports. As crypto matures, external auditing is becoming an industry standard for legitimate projects.
Given the prevalence of fraudulent schemes in the crypto space, especially among lesser-known and cheap cryptocurrencies, external auditing is a critical factor in our evaluation process. It helps us recommend projects that demonstrate a commitment to transparency, security, and investor protection.
High Liquidity (15%)
Liquidity refers to the ease with which an asset can be bought or sold in the market without affecting its price significantly.
High liquidity ensures that buy or sell orders are executed close to the market price, minimizing slippage. Slippage occurs when there is a difference between the expected price of a trade and the price at which the trade is executed.
In highly liquid markets, the gap between bid (buy) and ask (sell) prices is narrow, reducing the cost of entering or exiting positions.
Crypto presales offer a unique advantage, allowing investors to buy new crypto before listing at a fixed, guaranteed price. These presales are attractive for securing cheap crypto assets, but the underlying project’s liquidity upon listing is a crucial factor for subsequent trading success.
High liquidity post-listing ensures that investors can realize potential gains without significantly impacting the market price.
High liquidity is a sign of a healthy, active market, where assets can be readily traded. It provides the flexibility to execute large orders without drastic price changes, offering better price stability and predictability.
For cheap cryptocurrencies, especially, liquidity is a key factor that can influence their potential for growth and the investor’s ability to capitalize on price movements effectively.
Developer Track Record (10%)
A strong, proven developer track record indicates reliability, skill, and a higher likelihood of project success. It’s a testament to a project’s potential for success and a critical component of our evaluation.
We base our evaluation on four factors:
- Reliability and Trust: Developers with a history of successful projects bring credibility. A team known for delivering on promises and maintaining robust, secure platforms is more likely to attract and retain investors.
- Technical Expertise: Experienced developers are better equipped to navigate the challenges of blockchain development, from ensuring transaction security to implementing innovative features that could give a project a competitive edge.
- Project Viability: Developers who have successfully navigated previous projects are more likely to understand the intricacies of making a cryptocurrency project viable and sustainable in the long term.
- Community Confidence: Investors are more inclined to back a project when they see that it’s spearheaded by developers with a history of successful ventures and tangible contributions to the crypto space.
By considering developer track record, we ensure that we recommend cheap cryptocurrencies with a solid foundation, capable leadership, and a clear vision for the future. This helps mitigate risks associated with new or lesser-known projects.
Advantages of Investing in Cheap Cryptocurrencies
Investing in emerging markets like cryptocurrencies comes with advantages. Here, we detail the most important reasons for investing in cheap cryptocurrencies, including portfolio diversification, low entry prices, and late mover advantage.
1. Portfolio Diversification
Investing in cheap cryptocurrencies allows investors to diversify their portfolio beyond well-known and more expensive cryptocurrencies as well as traditional assets. Diversification can help spread risk and increase the potential for overall portfolio growth.
Cryptocurrencies are speculative assets, which are typically only invested in when the economy is good. In times of uncertainty crypto closely correlates to the stock market, as investors move into more stable assets.
However, with the Fed set to cut interest rates, the near future is looking bright for crypto. This means that more investors will be looking to invest in a variety of cheap cryptocurrencies across different sectors and use cases, potentially capturing gains from multiple sources.
2. Cheap Cryptocurrencies Have the Highest Upside
Cheap cryptocurrencies often have a lower market capitalization, which means they have more room to grow compared to larger, more established coins. Even a small increase in price can result in significant percentage gains for investors.
For example, Ethereum grew 17,970.6% through 2017, from $8.10 on January 1st, to a peak of $1,463.72 just over 1 year later. In the first five months of 2021, Dogecoin saw gains of 14,593.4%, from $0.004681 to $0.6878, turning early investors into Dogecoin millionaires.
Early investors in cheap cryptocurrencies that later become successful projects can realize substantial returns on their initial investment.
3. Low Entry Prices
One of the primary advantages of investing in cheap cryptocurrencies is the low entry price. Unlike larger, more established coins like Bitcoin or Ethereum, which may require a significant investment upfront, cheap cryptocurrencies allow investors to enter the market with relatively small amounts of capital.
For example, you can now purchase Dogeverse, a cheap meme coin with high upside potential, for just $0.00029 per token. This low entry barrier enables a wider range of investors, including those with limited funds, to participate in the crypto market and potentially benefit from its growth.
4. Late Mover Advantage
While investing in cheap cryptocurrencies carries its risks, it can also offer a late mover advantage. By observing the successes and failures of earlier projects, investors in cheap cryptocurrencies can make more informed decisions and avoid common pitfalls.
They can learn from the experiences of early adopters, assess the viability of different projects based on their track record and fundamentals, and position themselves strategically in emerging trends.
This late mover advantage allows investors to capitalize on the lessons learned from the crypto market’s evolution and potentially identify undervalued opportunities for investment.
Potential Risks of Investing in Cheap Cryptos
Despite the advantages, investing in cheap cryptos comes with potential risks. Here, we detail the possible downsides investors should be aware of.
1. Uncertainty Surrounding Regulation
One significant disadvantage of investing in cheap cryptocurrencies is the uncertainty surrounding regulation. Many cheap cryptocurrencies operate in a regulatory gray area, as regulatory bodies around the world struggle to keep pace with the rapidly evolving crypto landscape.
The lack of clear regulatory frameworks or oversight can expose investors to legal and compliance risks. Regulatory crackdowns or changes in legislation could impact the value and legality of cheap cryptocurrencies, leading to market volatility and uncertainty.
2. High Volatility
Cheap cryptocurrencies tend to be more volatile than larger, established coins. Due to their lower market capitalization, price movements can be more pronounced, leading to rapid fluctuations in value. This volatility can result in significant gains for investors but also carries the risk of substantial losses.
3. Prevalence of Scam Tokens
Cheap cryptocurrencies are often targets for scams and fraudulent schemes. Some projects may lack transparency or have questionable intentions, leading to potential investor losses.
Without thorough research and due diligence, investors may fall victim to pump-and-dump schemes, rug pulls, or projects with little to no real-world utility. The lack of regulation in the cryptocurrency market also increases the risk of encountering fraudulent projects.
4. Lack of Track Record
Another disadvantage of investing in cheap cryptocurrencies is the lack of track record or proven history. Unlike established cryptocurrencies such as Bitcoin or Ethereum, which have years of historical data and market performance, cheap cryptocurrencies often lack a track record of success or reliability.
These projects may be early-stage startups with limited operational history, making it challenging for investors to assess their long-term viability and potential risks. Without a track record of delivering on promises or demonstrating sustainable growth, cheap cryptocurrencies carry a higher degree of uncertainty and investment risk.
How to Find Promising Cheap Cryptos to Invest In
Below are multiple methods you can use to discover and research cheap cryptocurrencies, enabling you to wean out the bad ones to leave you with the best cheap cryptocurrencies.
- Top Lists and Dedicated Website: There are many websites, platforms, analysts, and influencers out there who are vying to find the best cheap crypto to invest in, helping to give you idea of some potential cheap cryptos. But, don’t just trust one individual or look at one site, check out multiple sources to get a good overview of what’s hot right now.
- Coin Aggregators: Places like CoinMarketCap and CoinGecko are great places to start your search. These platforms also have Trending and New Crypto sections that allow you to see the newest coins to market.
- Social Sentiment: The platforms mentioned above aggregate social elements into their pages for each coin, allowing you to check this out alongside all the coin’s other details. However, X (formerly Twitter) is where the majority of the cryptocurrency world socializes, and this is where a lot of the discussion happens. Here hashtags can help you search for cryptos and discover trends.
- Messari Research Report: Messari’s research reports are professional, enterprise-level reports that dive into various sectors of the crypto industry. They also produce an extensive annual report covering the state of crypto.
- Technical Analysis: If you’re in the market for a coin that is going to go up in the short to medium term, then technical analysis is one of the fundamentals that you want to look at to see if it will happen. If you haven’t done any there are loads of resources online and on the best beginner exchanges.
- In-Depth Personal Research: This should follow any and all of the above. This is the only way you can verify that you are buying an asset you believe in, and one of the only ways you are likely to hodl as your chosen cheap crypto takes its inevitable rollercoaster ride through the markets.
Conclusion: What’s the Best Cheap Crypto to Buy Now?
Cryptocurrency markets are extremely volatile and a huge variety of factors can come in at any point and drive the price of a coin up or down. So, how do you choose the best cheap cryptocurrency?
One slogan always rings true in the crypto world: Do Your Own Research (DYOR). This is crucial for success in the industry.
Here, we listed excellent cheap crypto to buy now in 2024. If you’re looking for a low entry point into crypto, portfolio diversification, or a high upside asset, we recommend Dogeverse, the newest sensation in Web3.
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What is the cheapest crypto to buy?
The cheapest crypto to buy is worth the smallest fraction of a dollar possible, however, this is probably not worth buying. Instead, there are many cheap cryptos, worth less than $1 per coin, that are worth adding to your portfolio.
What is the best crypto under $10?
Depending on your personal goals and future expectations of growth and utility for cryptocurrencies, the best crypto under $10 can change. However, we recommend $UNI, as an established crypto under $10 with good future potential.
What is the best cheap crypto to buy right now?
The best cheap crypto to buy right now is Dogeverse due to its innovative multichain approach, community engagement, and staking rewards. Its unique concept, strong community support, and potential for growth make it a compelling investment opportunity.
Which crypto is best for low investment?
For low investment, Slothana offers a promising opportunity with its affordable entry point, potential for rapid growth, and unique presale model. Slothana’s low price and market cap make it an attractive option for investors seeking high upside potential.
References
- Cryptonews: New Crypto Presale Dogeverse Raises $250,000 in Minutes, Will This Multi-Chain Meme Coin Explode?
- Global Market Vision: VR Gaming Market Sky-High Revenue Growth from 2023 to 2030
- The Wall Street Journal: SEC Sues Ripple Over XRP Cryptocurrency
- Reuters: US SEC drops claims against two Ripple Labs executives
- CNBC: Dogecoin jumps more than 30% after Musk changes Twitter logo to image of shiba inu
- Yahoo Finance: Twitter accepts Musk’s US$44B bid, sends Dogecoin to crypto top 10
- DeFi Llama: Dexes TVL Rankings
- Finance Research Letters: The correlation between the stock market and Bitcoin during COVID-19 and other uncertainty periods
- Fox Business: When will the Federal Reserve start to cut interest rates?
- CNBC: This ‘dogecoin millionaire’ refuses to sell and bought during the dip — now his stash is worth $2 million
About the Author
Viraj Randev 
Kane Pepi 
Dassos Troullides