12 Best Cheap Crypto to Buy in 2022
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With the crypto market yielding impressive gains for investors that get in early on strong projects, many people aim to find the best cheap crypto to buy.
Throughout this article, we take a look at 12 of the best cheap cryptos to invest in, explain how to find the cheapest cryptocurrencies packed with potential, and offer guidance for investors trying to decide whether low price crypto would make for a good investment. Let's get started.
The 12 Best Cheap Crypto Invest in 2022
To ensure that investors looking for the best cheap crypto to invest in have plenty of options, we've opted to include a range of projects fulfilling different objectives within the crypto space.
- RobotEra - Overall Best Cheap Crypto to Buy on Presale Now
- Tamadoge - Cheap Meme Crypto to Invest in 2022
- Battle Infinity - Diverse Ecosystem of DeFi and Play-to-Earn Features
- Lucky Block - NFT-Based Competiton Platform with Life-Changing Prizes
- XRP - Transactional Cryptocurrecny for International Transfers and Currency Conversion
- Chainlink - Crypto Project Implementing Off-Chain Data into On-Chain Applications
- Terra Classic - Trending Low-Cost Crypto Growing Quickly
- Stellar - Cheap Crypto with Fast Settlement and Low Fees
- Dogecoin - The Orginal Meme Coin Favored by Elon Musk
- Decentraland - The Largest Customizable Metaverse World
- Chiliz - Cryptocurrecny Project Facilitating the Creation of Sports Fan Tokens
- Filecoin - Cryptocurrecny Utilizing Blockchain Technology to Reshape Data Storage
Analyzing the Best Cheap Cryptocurrencies
Now that we've taken a brief look at some of the lowest price crypto coins that could grow exponentially over the coming months, it's time we take a deeper look at the inner workings of each.
1. RobotEra - Overall Best Cheap Crypto to Buy on Presale Now
Currently, on stage one of a three-round presale, TARO is one of the best cheap cryptocurrency projects to invest in right now and on sale for just $0.02.
Built on the Ethereum blockchain, TARO is the native cryptocurrency of RobotEra - an upcoming metaverse-gaming ecosystem that allows players to earn rewards in a variety of ways.
Some of the best metaverse tokens, such as Axie Infinity (AXS), have increased by more than 1500x since their presale - TARO is a new project which has the potential to offer similar growth.
Players can purchase NFT avatars called Robots with TARO, which acts as your in-game avatar within the RobotEra metaverse ecosystem.
Dubbed the 'Taro Planet', this virtual ecosystem also offers tradable land, which can be purchased on the RobotEra marketplace and built upon to generate active and passive income.
The metaverse plots of land can be monetized by hosting events and charging admission, selling billboard space to advertisers or mining the land for resources.
Players are free to build any type of building they like, while they can also create, upgrade and customize new robot NFTs and sell them on the open market.
This cheap cryptocurrency project also allows investors to stake TARO to generate an annual yield - TARO can also be staked to join the platform's DAO, offering voting and decision-making rights on the future of the project.
The RobotEra whitepaper has mentioned 270 million tokens of the entire 1.8 billion token supply are being allocated on presale and stage one of the presale has allocated 90 million tokens at only $0.02.
Early investors have the opportunity to purchase TARO before the price rises to $0.032 by the final presale round - a jump of 60% from the current price.
To stay updated with RobotEra, join the Telegram Chat now.
|Presale Started||November 2022|
|Purchase Methods||ETH, USDT|
|Min Investment||1,000 TARO|
2. Tamadoge - Cheap Meme Crypto to Invest in 2022
Tamadoge (TAMA) is a cryptocurrency project that blends play-to-earn (P2E) gaming with NFTs and the Metaverse to create an engaging and rewarding ecosystem that has been resonating with investors.
The project allows people to raise virtual pets within a detailed Metaverse world known as the Tamavese. As the pets are NFT-based, they can be upgraded using items available from the in-game store including food, cosmetics, and toys.
This earns the player Dogepoints which improve their leaderboard ranking and subsequently entitle them to a greater share of the rewards pool.
Later down the line, there are plans to release support for virtual reality headsets and to make Tamadoge available on mobile as an augmented reality game.
Tamadoge was originally launched as one of the lowest price cryptocurrency presales, with tokens being sold for between $0.01 and $0.03, selling out and raising a staggering $19 million in just eight weeks.
Tamadoge has since been listed on a number of prominent exchanges including OKX, LBank, and Uniswap making it one of the best IEO cryptos in 2022 after it pumped to nearly 2,000% gains.
With TAMA achieving such impressive results during a market-wide downtrend, it seems as though Tamadoge could be one of the best emerging cryptos to release this year.
As Bitcoin is perhaps the most prominent example of a cheap crypto that exploded over the years, Tamadoge is considered to be one of the most promising cryptos in 2022.
With Tamadoge being one of the year's most successful crypto presales, it'll be interesting to how demand increases as the various Tamadoge NFT collections are released and the project's core functionality begins to roll out.
It could be the perfect time to load up on TAMA before prices are forced higher. Join the Tamadoge Telegram to get important updates before anybody else.
3. Battle Infinity - Diverse Ecosystem of DeFi and Play-to-Earn Features
Battle Infinity (IBAT) is a recently released crypto project with an ecosystem consisting of a multitude of useful DeFi and P2E features, including an NFT-based fantasy sports league and a built-in decentralized exchange (DEX).
In order to ensure that the platform remains user-friendly while packing in such a large range of features, the Battle Infinity ecosystem is split into six different platforms, a fantasy sports league, an NFT marketplace, a staking platform, a decentralized exchange, a Metaverse arena, and a collection of player-vs-player P2E games.
It's clear that investors are a fan of the concept presented by Battle Infinity as the project sold its 16,500 BNB presale beating estimates by 65 days. After the presale concluded, the IBAT token went on to increase in value by approximately 400% upon its PancakeSwap listing, cementing its spot as one of the top lowest price crypto coins to invest in this year.
Overall, Battle Infinity has been performing well since its launch and with the recent release of the IBAT staking platform marking the first of its core features to roll out, we could see some explosive growth from the token over the coming months. Check out Battle Infinity today and join the IBAT Telegram group to stay informed about the project's developments.
4. Lucky Block - NFT-Based Competiton Platform with Life-Changing Prizes
Lucky Block (LBLOCK) is the only competition platform where everyone's a winner. The project allows people to enter NFT-based prize draws with life-altering prizes. Lucky Block competitions are open to anyone, with the only entry requirement being the purchase of an NFT related to the competition.
Each NFT is specific to a certain competition. As such, the NFTs will vary in both price and max quantity based on the potential jackpot, ensuring that there is a prize draw for everyone, regardless of budget. While each uniquely numbered NFT acts as an entry ticket for the various Lucky Block competitions, they also grant the holder a portion of the reward pool each day, providing long-term value.
Lucky Block seems to be gearing up for some explosive growth over the coming months. September 30th saw the release of the LBLOCK burn program which eliminates 1% of the supply of the token monthly. A few days later, the LBLOCK token bridge was unveiled, allowing investors to swap their early BEP-20 LBLOCK tokens for the newer, exchange-friendly ERC-20 LBLOCK V2 tokens.
With Lucky Block consistently working hard to improve the ecosystem for both investors and the platform's users, it seems likely that Lucky Block will continue to perform well for the foreseeable future. Check out Lucky Block today to learn more about this impressive project or to partake in some exciting competitions.
5. XRP - Transactional Cryptocurrecny for International Transfers and Currency Conversion
Created in 2012 by David Schwartz, XRP is a transactional cryptocurrency specializing in international money transfers and currency conversions. The project is currently in the midst of a lawsuit with the securities and exchange commission (SEC) which has kept the price low. However, the token has recently been seeing some impressive growth as the conclusion of the suit edges closer.
While its use as a transactional cryptocurrency is the reason XRP is commonly considered one of the best altcoins on the market, in 2021, XRP launched the XRP Ledger (XRPL) allowing people to build decentralized applications on the network, similar to the Ethereum network. This massively broadened XRP's use case, boosting its utility significantly.
All in all, XRP is perhaps the best cheap crypto to buy for investors that prefer blue-chip crypto projects. Its price has been held down due to its dealings with the SEC, however, with things seemingly getting closer to a resolution, the price of XRP has the potential to explode. As such, the transactional low price cryptocurrency is worthy of consideration.
6. Chainlink - Crypto Project Implementing Off-Chain Data into On-Chain Applications
Chainlink (LINK) is a cryptocurrency project specializing in implementing off-chain data sources into on-chain applications. The project has been thriving since its release due to Chainlink offering an important service that massively expanded the potential use cases for blockchain-powered applications.
One of the main reasons why LINK is often touted as being one of the best cryptos to buy is its extensive list of partnerships. As the project was one of the first in its sector, it has enjoyed a first-mover advantage which helped Chainlihnk to become a key player in the crypto space. Some of the project's partnerships include Aave and data providers like Brave New Coin.
Few of the cheapest cryptocurrencies to invest in can rival Chainlink when it comes to utility and partnerships. As such, the project seems poised to continue dominating the off-chain data implementation market. The LINK token has remained fairly strong throughout 2022's market-wide downtrend, the strength of Chainlink.
7. Terra Classic - Trending Low-Cost Crypto Growing Quickly
Following the collapse of Terra Luna and the UST stablecoin, holders of LUNA voted to create a new blockchain called Luna 2, with the original Luna being renamed to Luna Classic (LUNC). While the project lost investor confidence during the collapse of UST, the LUNC token has been performing surprisingly well in recent months.
Although Luna dropped by over 99% after trillions of tokens were minted as the project's algorithm attempted to build collateral in an attempt to re-peg UST with the dollar, the LUNC token has since risen in value by over 200%, making it one of the best-performing assets of the past few months.
Some investors aim to push a proposal that will have an additional 500 million LUNC tokens minted in order to facilitate the creation of a new stablecoin. However, it seems unlikely that investors will forget about the issues plaguing UST anytime soon. Nevertheless, LUNCH remains perhaps the best cheap crypto to invest in.
8. Stellar - Cheap Crypto with Fast Settlement and Low Fees
Stellar (XLM) is a transactional cryptocurrency similar to XRP. In fact, Stellar was initially created after one of XRP's founders, Jeb McCaleb, forked the XRP network after disagreements arose surrounding the future direction of the project. Since then, Staller has grown significantly and remains consistently within the ranks of the 30 largest crypto assets.
The Stellar network specializes in fast settlement for the lowest possible cost. As such, it has gained favor with payment providers like MoneyGram. Stellar has done well to build a reputation as a solid alternative to XRP. As such, it seems likely that the project will have a place within the blockchain-powered financial industry of the future.
Stellar is a solid project that has the potential to perform extremely well if it's able to partner with a few key financial institutions. While the token has thus far struggled to provide investors with substantial gains, it briefly exploded in both 2018 and 2021, meaning it's likely that history could repeat itself. With that in mind, Stellar is one of the best cryptos under 1 dollar right now.
9. Dogecoin - The Orginal Meme Coin Favored by Elon Musk
Dogecoin (DOGE) is a popular meme coin that was popularized by Elon Musk during the fabled 2021 bull run. Despite originally being created in 2013 as a joke, the project has since become a valid cryptocurrency project that frequently sits within the 10 largest cryptocurrencies by market capitalization.
As a fork of Litecoin, which itself is a fork of Bitcoin, Dogecoin benefits from strong fundamentals, good security, and ample decentralization. Similar to Bitcoin, the Dogecoin network uses the proof-of-work consensus mechanism to validate transactions. However, the supply of DOGE is uncapped, meaning the token is inflationary.
While Dogecoin may have initially been created as a joke, it has since become a force to be reckoned with in the crypto market. Due to the token increasing in value by over 16,000% within just 5 months during 2021, some speculators anticipate DOGE to explode during the next bull run, as such, the project is worthy of consideration for investors looking for the best future cryptocurrency project.
10. Decentraland - The Largest Customizable Metaverse World
Next on our list of the best cheap crypto to buy is Decentraland (MANA). While many low price cryptos lack mainstream appeal, Decentraland has become one of the most widely known cryptocurrency projects as a result of the recent Metaverse boom. This has enabled the project to attract thousands of investors and cement itself as one of the go-to Metaverse worlds.
Decentraland allows people to create imaginative buildings on parcels of NFT-based land using a series of in-build tools specialling tailored to creators. It's possible to create a huge variety of projects within the Decentraland world, with some ingenious users building office spaces, play-to-earn experiences, and NFT museums.
The project was a smash hit in late 2021 and with the Metaverse only growing in prevalence, it seems likely for the MANA token to increase in value alongside it. With Decentraland at the forefront of the Metaverse trend, MANA is one of the 15 best Metaverse coins currently available.
11. Chiliz - Cryptocurrecny Project Facilitating the Creation of Sports Fan Tokens
Chiliz (CHZ) is a powerful project focused on facilitating the creation of fan tokens to be used within the Sociois ecosystem. The project has done well to build up a plethora of partnerships with sports teams over the past few years, which has helped Chiliz to attract mainstream attention.
Chiliz allows sports teams to create cryptocurrency tokens designed to boost engagement with fans. While each fan token has different uses, they commonly allow people to vote on various decisions relating to sports teams such as the design of the team's bus or which motivational message gets said to a team prior to a large game.
For Investors trying to locate the cheapest crypto to invest in, CHZ is a solid choice. With the World Cup slated to begin soon, it's likely that Chiliz will enjoy a reasonable boost in demand which could send the token soaring. As such, it could be worth checking out Chiliz in order to get exposure to one of the best long term crypto projects.
12. Filecoin - Cryptocurrecny Utilizing Blockchain Technology to Reshape Data Storage
Out of all the lowest price crypto coins that we've discussed, Filecoin (FIL) is one of the most intriguing. The project aims to revolutionize the way data is stored by creating a decentralized platform that pairs those needing storage with people owning extra needed storage devices.
This system promises to reshape the way important information is stored by eliminating the issues that arise from centralized cloud storage solutions. The FIL token is used to incentivize storage providers and miners that validate transactions on the network. Filecoin is one of the few low price cryptocurrency projects focused on improving data storage, and as such, could perform well.
While Filecoin might not be the cheapest crypto to buy on our list, considering the intrinsic value offered by the project, it's well deserving of its valuation. As more companies look toward decentralized solutions for data storage, we could see Filecoin become far more mainstream which would cause the FIL token to grow exponentially.
How to Find the Cheapest Cryptos with Potential
When it comes to finding the best cheap crypto to invest in, there is a wide range of techniques that can be employed to streamline the process.
To help ensure that new investors have all the tools required to find the best cheap crypto to buy, we've revealed a few of our favorite techniques.
Perhaps the fastest way to find the lowest price crypto coins worth investing in is to have a careful look at platforms like CoinMarketCap which aggregate cryptocurrencies based on market cap (or various other factors). It's a good idea to look for a project that has fallen significantly from its highs and seems to be holding well at a certain level.
Another great technique that can be used to search for the cheapest crypto to invest in is browsing social media. It's common for a project to tease large updates on platforms like Twitter and Telegram prior to release. This can provide investors with crucial information that be used to decide whether is project is valued lower than it should be.
Lastly, investing in a project before the masses is a great way to profit from a low price cryptocurrency. Searching for the best crypto presales can help an investor to find early-stage projects that haven't yet been picked up on by the masses. With that said, it's important to carefully consider whether a low price cryptocurrency project is actually worth investing in prior to committing to a purchase.
Deciding Whether Cheap Cryptocurrency is a Good Investment
While hunting for the best cheap crypto to buy is all well and good, it's crucial to perform the proper due diligence when it comes to deciding whether cheap crypto is a good investment. Below, we've shared a few ways people can determine whether an asset has any merit as an investment.
One of the easiest ways to determine whether low-price crypto is worth investing in is to inspect its utility. A project that boats great utility and has plenty of intrinsic value will perform far better during market decline than an asset that's valued solely for its hype or use as an investment.
While it's crucial for a project to have ample utility, it's equally as important for it to be innovative. If there's a well-established player in a certain sector, it will be far harder for a new project to gain market share. However, if a cryptocurrency is innovative and solves a problem before any other project, it will have a much greater chance of performing well as an investment.
One of the core driving forces behind the value of any asset is supply and demand. If demand outpaces supply, an asset will rise in value. Conversely, if an asset has more supply than demand, it will decrease in price. As such, taking a look at a project's tokenomics is crucial to understanding whether it'll be a good investment. Typically, projects with a low supply will gain value faster.
As the team behind a project is in charge of shaping it into the best version of itself, researching the people behind the project is a big help when it comes to finding the cheapest cryptocurrency to invest in. If a project has a strong, doxed team with a track record of delivering on promises, the project will have a far greater chance at success compared to those without a good team.
Throughout this guide, we've taken a look at 12 of the lowest price cryptocurrencies, discusses how to find the best cheap crypto to invest in, and explained the process of determining whether a certain asset has merit as an investment. During our research, one project stuck out as offering the most upside potential for the lowest price.
One of the best cheap cryptocurrency assets to invest in 2022 is RobotEra - a new metaverse-based project - with TARO, the native cryptocurrency, on its first presale round for $0.02.
What is the cheapest cryptocurrency to buy?
One of the cheapest cryptos to buy is TARO - which is currently priced at $0.02 during its ongoing first presale round. The price of TARO will rise to $0.032 by the last presale stage - a 60% price increase.
What is the cheapest crypto with the most potential?
While we've reviewed 12 of the cheapest cryptocurrencies with huge room for growth, TARO and Tamadoge presented themselves as the top picks.