Cheap Cryptocurrencies to Buy in 2024 (2024)

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

Cryptocurrencies are available in a wide range of prices, from tens of thousands of dollars for one Bitcoin, to meme coins that are worth less than a penny each.

Cheap cryptocurrencies are, typically, those that trade for less than a dollar—although there are some exceptions. Here we’ll look at the best cheap cryptocurrency projects to buy in 2024, and give the pros and cons of investing in cheap cryptocurrencies, along with tips for how to choose them.

Top Cheapest Cryptos to Buy

1. Smog – Cheap Meme Coin on Solana Blockchain, Down 30% From Record High, Potential for Strong Rebound

Current Price: $0.0568

Smog is a cheap but promising cryptocurrency to buy this year. Following a strong rally of 4,700% after its launch, the price has slipped by as much as 30%.

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.

Visit Smog Now

2. Sponge V2

Current Price: $0.000841
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 and speculators 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.

Visit Sponge V2 Now

3. Bitcoin Minetrix

Current Price: $0.0129
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 (ticker: 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, and with the 2024 Bitcoin Halving event set to drive some of the least profitable miners to shutter their operations, there’s the opportunity for others to fill the space that their exit leaves. Such a timely position makes Bitcoin Minetrix the best cheap crypto to buy now.

Visit Bitcoin Minetrix Now

4. Meme Kombat

Current Price: $0.29
Meme Kombat (ticker: $MK) is a novel wagering platform focused on everyone’s favorite tokens: memes. However, unlike meme tokens themselves, the Meme Kombat token has a function, which is to be used by users to wager against each other on battles between the most popular memes in the crypto world, including Sponge, Doge, Pepe, and Shiba.

These memes will do battle in a specially designed meme battle arena, with the battle played out through AI-generated battle sequences. Holders of the Meme Kombat token will be able to wager their tokens on the meme that they think will win to earn more Meme Kombat tokens.

The Meme Kombat token is currently at the presale stage and those who buy tokens now can stake them to earn a 135% APY in $MK tokens. So far over $6 million has been raised of a target of $8 million, and 1 $MK token is priced at $0.29.

Season One of meme battles will feature the eleven most popular meme characters from the crypto ecosystem, and the outcomes of all battles will be processed on-chain, to ensure that they are tamper-proof. Future seasons will contain more memes and exciting new battle types.

Visit Meme Kombat Now

5. Launchpad XYZ

Current Price: $0.04348
The Launchpad XYZ project is an Ethereum-based platform that is targeting investors who want to move into the Web3 environment—especially poignant right now with all the attention crypto is getting from the mainstream media—making it the best cheap crypto to buy right now.

Launchpad XYZ will offer users a proprietary, all-in-one trading platform that offers high-speed trading in everything Web3, including cryptocurrencies, NFTs, and fractionalized real-world assets, such as real estate and renowned artwork. Holders of the platform’s utility token, $LPX, are the only ones who will have access to this platform, and the token is needed to pay the platform’s trading and listing fees, as well as the transaction fees.

This cheap crypto project is currently at the presale stage, with no minimum or maximum contribution limits, and investors can currently pick up the platform’s $LPX token for $0.04348 per token. Those who choose to contribute $50 or more to the presale also receive one of 5 levels of NFT, with the level depending on the amount they contribute to the presale. More can be learned on the Launchpad XYZ website.

Visit Launcpad XYZ Now

6. eTukTuk

Current Price: $0.02632
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. To learn more about eTukTuk, visit their website.

Visit eTukTuk Now

7. 5th Scape

Current Price: $0.00187
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

5th Scape has the development of 5 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.

Visit 5th Scape Now

8. Green Bitcoin

Current Price: $0.4329
As a stake-to-predict, predict-to-earn platform, Green Bitcoin aims to gamify the rollercoaster ride of price changes in the world’s biggest cryptocurrency. Users stake their $GBTC tokens on a daily Bitcoin price prediction, and then earn rewards in $GBTC for how long their prediction was correct.

Rewards in the Green Bitcoin stake-to-predict, predict-to-earn platform are distributed pro rata, relevant to the quantity of tokens staked, and how long a user’s price prediction was in the Green Zone. 27.5% of the tokens supply is allocated to staking rewards, and the plan is to distribute all of these by December 31st, 2025.

The Green Bitcoin token, $GBTC, is currently at the presale stage, priced at $0.4329 per token, and, after the launch of the Bitcoin Price Prediction Market, the Green Bitcoin whitepaper promises Predict to Earn 2.0, and states that this will “revolutionizing Staking Predictions with Enhanced Fun and Gamification Features.” Visit the Green Bitcoin website to learn more.

Visit Green Bitcoin Now

9. Scorpion Casino

Current Price: $0.026
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. Scorpion Casino is currently selling their token, $SCORP in presale, and they have already raised almost $3m. The current presale price of the token is $0.026, and it will be listed on exchanges at $0.05—meaning that presale contributor will immediately have unrealized gains in their wallet once the token goes live.

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 and contribute to the presale.

Visit Scorpion Casino Now

10. XRP

Current Price: $0.5694
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 $0.5694 per token and sits at #6 on the CoinMarketCap list of top cryptocurrencies. 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.

11. Dogecoin

Current Price: $0.8036
Dogecoin started life as a joke cryptocurrency, created in 2013 by 2 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, and is by far the cheapest crypto to buy in CoinMarketCap’s top ten—and 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.

12. Chainlink

Current Price: $16.18
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 $16.18 per token means it’s not the cheapest crypto, this valuation (which has it at #13 in CoinMarketCaps rankings) is said, by some to be just a fraction of what it could be worth when blockchain technology goes mainstream.

13. Uniswap

Current Price: $6.77
Uniswap is, according to DeFi Llama, by far the most popular DEX in existence, with a whopping $4.42bn in TVL across 13 different blockchains. This is reflected in its market cap, and it is currently valued at just over $4bn. It 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.

14. Cardano

Current Price: $0.5279
Cardano is another stalwart of the CoinMarketCap top ten, having been a member of it since 2018. 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, nonetheless, resulted in a thriving ecosystem of over 1000 dApp, thousands of NFT projects, and a fiercely passionate, yet hugely welcoming, community of followers.

While Cardano is currently one of the cheapest currencies in the top ten, priced at just $0.5279, it is far from its all-time high of $3.10. This all-time high was achieved before Cardano had any smart contracting capabilities or dApps, and many speculate that, during the next bull run, Cardano could be one of the best-performing coins.

Pros and Cons of Buying Cheap Cryptocurrencies

Everything has its pros and cons, and investing in emerging markets like cryptocurrencies is just the same, here we detail some of the most important pros and cons of investing in cheap cryptocurrencies.

Pros

• There is a huge potential upside in cheap cryptocurrencies, as their true value has yet to be realized. 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, making Dogecoin millionaires out of earlier investors in the process.
• Helps to diversify portfolio away from traditional assets as market outlook improves. Cryptocurrencies are speculative assets, which are typically only invested in when the economy is good. In times of uncertainty crypto closely correlates with the stock market, as investors move into more stable assets. However, with the Fed set to cut rates, the future is looking bright for crypto, and more investors will soon be looking for the next cheap crypto.

Cons

• Cryptocurrencies are extremely volatile. Those that are less popular or emerging—typically the cheaper ones we’re discussing here—are subject to even higher volatility than Bitcoin and Ethereum.
• Cheap coins are often unproven in their ability to deliver. The majority of cryptocurrencies start very cheaply and grow in value as their ecosystem or product described in their roadmap are delivered. It is often hard to verify the development team behind newer, cheaper, cryptocurrencies, and, therefore, to know whether or not they can deliver.
• There is the potential that they are scams. Many of the cheapest cryptos are often the newest on the market, and it’s possible they could be outright scams—and differentiating between scams and legitimate cryptos can be difficult.

Reasons for Investing in Cheap Cryptocurrencies

With the many crypto-made millionaires, over 88,000 in some reports, and the spectacular rise of Bitcoin being detailed in mainstream media for everyone to see, it’s no surprise that the most common reason people are in crypto is for the potential of high returns—and cheap cryptocurrencies are those with the highest upside.

Cryptocurrencies are also a new asset class, which can be used to diversify an existing portfolio and expand its growth potential. The thousands of coins that exist in the crypto markets make up a huge number of categories, which span all sorts of industries—each with their cheap cryptos. This gives investors a plethora of options and allows them to find the cheapest crypto to fit their portfolio.

2024 started brightly for the crypto markets, with the approval of 11 Bitcoin ETFs by the SEC. Things are also looking bright for the global economy with interest rates falling around the globe. This fall in interest rates makes investors more confident, and thus more likely to move their money out of safe investments and into more speculative investments. There is one school of thought that says it won’t be long before they reach past Bitcoin ETFs to diversify their portfolios further, with small-cap coins and cheap cryptocurrencies. This activity will drive hype and price for the cryptos these investors buy.

Finally, there is also late mover advantage. While Ethereum might have 1st mover advantage when it comes to smart contracting platforms, there are many coins out there that have been dubbed “Ethereum Killers”. This is because they have late mover advantage, which means that while they may sit lower in the market, which makes them look less desirable at the moment, they will eventually show their true worth and climb to the top, with both superior utility and value.

Possible Risks of Investing in Cheap Cryptos

The cryptocurrency space is, as yet, hardly regulated. This means that there are still regulatory decisions to be made by many of the world’s major countries, which will undoubtedly affect the price of all cryptocurrencies. If enacted regulations are perceived to be bad for cryptocurrencies then prices will plummet—and it is likely that many cheap and small-cap cryptos will get hit the hardest.

Outside of any effect news events might have on the cryptocurrency market, cheap cryptos are, typically, highly volatile. This means that your holdings may unexpectedly dive down the charts, or spike up and then down again, at a point where you’re not watching. Those further down the rankings also typically suffer from low liquidity, which means that you might not be able to exit your position when you want to.

The previously mentioned low levels of regulation are why crypto has been likened to the “Wild West,” as it’s an easy place for outlaws to operate. Here, we don’t mean funding terrorists as some claims—these are misconceptions, and the blockchain makes fund tracing easier—we instead mean the presence of scams and rug pulls, as a lack of regulation makes it easier for people to create faux products. These are often cheap cryptos with the enticing prospect of “being the next big thing in [insert industry here].” These projects don’t deliver on their prospective roadmap and slip silently away into the night with your funds.

Even those cheap crypto projects that seem legitimate need to be researched—and can still be quite difficult with some teams not forthcoming with the information needed to verify them. This means that it is very difficult to know, with any certainty, whether they have the skills to deliver the product they’re describing.

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. Here’s the Messari Crypto Thesis 2023.
• 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.

Final Thoughts on Choosing the Best Cheap Cryptocurrency

The cryptocurrency markets are extremely volatile and a huge variety of factors can come in at any point and drive the price of a coin upwards or downwards—all of which adds to the inherent risk of buying cryptocurrencies.

Here we’ve listed some excellent opportunities for those looking for cheap cryptocurrencies to add to their portfolio. However, there is one slogan that will always be true in a decentralized world: Do Your Own Research (DYOR); and this is crucial to any success you may have.

FAQs

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—we cover many of them here.

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 crypto under $1?

The crypto market is full of coins with sub-$1 valuations and knowing which to choose can be difficult. We suggest the Smog, an existing meme coin preparing for a highly-anticipated airdrop, and is currently down 30% from a recent high. Its price at the time of writing is $0.5344.

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.