Interesting to know what is the cheapest cryptocurrency to buy in 2024? Check out our top 7 low-cost cryptocurrencies with growth potential.
Bitcoin (btc) was in the news recently for reaching an all-time high price of over $73,000, making it the most expensive cryptocurrency in the world, as well as having the largest market capitalization at over $1.3 trillion.
Such a high price may put Bitcoin out of reach of the average crypto investor, but it raises an interesting question: what is the cheapest cryptocurrency in the world?
In this guide, we will help you satisfy your curiosity by listing the five cryptocurrencies with the lowest price on the market, as well as defending the 7 cheapest cryptocurrencies to buy. Keep reading to know more.
The cheapest cryptocurrency in the world
There are currently more than 2.4 million cryptocurrencies, as indicated by cryptocurrency price tracking website CoinMarketCap.
In terms of which is the cheapest crypto, data from CoinMarketCap shows that at the time of writing, Elon's Cat (CATME), a meme coin inspired by Elon Musk, was trading at 0.00000000000000000000000002318. That price makes it the cheapest cryptocurrency in the world.
Giving CATME a run for its zeros is OSL AI (OSL). According to information from CoinMarketCap, OSL is issued by BC Technology, a company that offers cryptocurrency brokerage and custody services for the Asian market.
Third on our list of the cheapest cryptocurrencies in the world is another meme coin, Doge Satellite Inu (DOGE).
At the time of writing, one OSL was priced at 0.0000000000000000000003242. The token has a self-reported circulating supply of 42,069,000,000,000 OSL, giving it a market value of $13,630.36.
Not to be confused with the original meme coin Dogecoin (DOGE) bearing the same symbol, Doge Satellite Inu is priced at $0.0000000000000000000004273 with a self-reported circulating supply of 999.6 billion DOGE.
Interestingly, another of the lowest priced cryptocurrencies carries the DOGE tag. Known as Dogecoin
Completing our roundup of the five cheapest cryptocurrencies on the market currently is BNBsongoku (BNBSONGOKU), a deflationary token on Binance Smart Chain (BSC). Information provided by CoinMarketCap for the token shows that it was launched in October 2023 with a total supply of โten septillions of billionโ units.
The project behind the token has a stated mission to help reduce carbon dioxide emissions and promote the use of green energy. At the time of writing, one BNBSONGOKU was trading at 0.0000000000000000000008127.
The 7 cheapest cryptocurrencies to buy
The above coins are mentioned largely for informational purposes only. It would not be advisable to invest your money in any of them unless you can verify their authenticity and get more data related to their performance in the market.
However, if you are interested in some of the lowest priced cryptocurrencies in the world that you could invest some funds in, then the following list should be more useful:
1. Ripple (XRP)
Ripple (XRP) is a peer-to-peer payment platform designed to replace systems like SWIFT. Launched in 2012, the platform allows instant cross-border transfers in multiple currencies.
Its native token,
Currently, XRP is priced at $0.5243, a nearly 85% discount from its all-time high price (ATH).
The coin has a maximum supply of 100 billion units and a fully diluted valuation of $52.4 billion. Its high utility and low price make XRP an excellent entry point for new investors.
2. Cardano (ADA)
Cardano (ADA) is a proof-of-stake (PoS) blockchain known for its scalability and support for smart contracts. The blockchain is also recognized for its efficiency and potential to handle up to 2 million transactions per second.
Charles Hoskinson founded Cardano and launched it in 2017. Its native token, ADA, reached an all-time high of $3.10 in November 2021. However, it is currently trading at $0.4586 and with a market cap of over At $16.3 billion, it is one of the lowest-priced cryptocurrency with the highest market value.
Unlike data from CoinGecko.
3. The graph (GRT)
The graph (GRT) is an indexing protocol for querying blockchain data, often called the "Google of blockchains." It was launched in 2018 and its native token, GRT, was launched in 2020.
The graph integrate with multiple blockchains and has a strong governance structure supported by The Graph Council and The Graph Foundation.
GRT is currently trading at $0.2987, which, while more than 89% below its ATH, is still 474% higher than its all-time low (ATL) price of $0.05205 โโfrom November 2022.
A market capitalization of $2.8 billion places GRT at number 49 on the list of largest cryptocurrencies by market value, placing it among the cheapest coins to buy in the top 100.
4.Tron (TRX)
tron (TRX) is a blockchain platform intended to decentralize the Internet through a delegated proof-of-stake (DPoS) consensus mechanism.
Crypto personality and former Grenada permanent representative to the World Trade Organization (WTO), Justin Sun, launched Tron in 2017. The network then transitioned from Ethereum (ETH), where it was originally built, to its own blockchain in 2018.
Its native TRX token reached its highest price of $0.2317 on January 5, 2018. However, at the time of writing, it was trading at $0.1147 and had a market capitalization just above 10 billion dollars.
Over the past year, TRX's price has increased by approximately 45.3%, but it remains one of the lowest-priced cryptocurrencies in the world, especially considering that its market capitalization places it 16th among digital currencies. more valuable.
5. Stellar (XLM)
stellar (XLM) is an open source payments network that facilitates fast, low-cost cross-border transfers. It was launched in 2014, with XLM as the native token.
Stellar has grown significantly over the years, processing billions of transactions and establishing key partnerships, including with money gramCircle and Franklin Templeton.
XLM is currently changing hands at $0.1062, almost 88% lower than its ATH price of $0.8756 reached in 2018, and 22219.7% higher than its ATL level of $0.0004761 from March 2015.
According to data from CoinGecko, while it remains one of the lowest-priced coins among the top 100 cryptocurrencies in terms of market capitalization, XLM's current value still reflects a 21% increase in value from the previous year.
6. Gala (GALA)
Next on our list of the 7 cheapest cryptocurrencies to buy is Gala (GALA), a blockchain gaming platform where users control game elements and developments.
The GALA token, which can be used to purchase non-fungible tokens, NFTs, and in-game assets, is trading at approximately $0.04545, giving it a market capitalization of $1,613,994,445.
The price is a 95.5% downgrade from GALA's all-time high valuation of $0.8248 per token, a level it reached in November 2021.
As such, purchasing part of the project at this stage represents a substantial discount, especially for a coin that regularly reaches daily trading volumes of over $100 million, signifying its continued popularity among cryptocurrency traders.
7. Ankr (ANKR)
Red Ankr (ANCHOR), founded in 2017 by Chandler Song, focuses on simplifying web development3. It provides a blockchain-based cross-chain infrastructure that supports the development of decentralized finance (defi) and decentralized applications (dapp).
Ankr also features a betting protocol, Stkr, which supports ETH staking and offers high liquidity for Ethereum 2.0 participants.
Its native ANKR token is also one of the cheapest cryptocurrencies in the world, especially among the top 200 coins by market cap.
Currently priced at $0.04495, ANKR has a market valuation of $449 million and over $80 million in total value locked (TVL).
Its latest price also reflects an 87% increase over the past year and a 6,245.5% improvement from its all-time low on March 13, 2020.
Disclosure: This article does not represent investment advice. The content and materials appearing on this page are for educational purposes only.
Final thoughts
Investing in cryptocurrencies does not have to be an expensive task. While Bitcoin may dominate the headlines with its staggering price and market cap, there are numerous low-cost cryptocurrencies that offer significant growth potential.
This guide has highlighted some of the cheapest cryptocurrencies in the world in 2024. From Ripple's robust payment platform to Cardano's scalable blockchain, each of these cryptocurrencies offers unique value and opportunities for new and experienced investors.
However, while low prices may be attractive, it is important that you do thorough research and consider the long-term potential of any cryptocurrency investment before investing your funds in it. By staying informed and strategic, you will be able to navigate cryptocurrencies and find the best opportunities that align with your investment goals.
