As the cryptocurrency market is rapidly evolving, 2024 brings a new landscape of opportunities for people who are aspiring to be investors seeking to maximize their investments. With a growing number of coins on the market, choosing the right one to invest in has become a daunting task.
There are currently more than 2.4 million active cryptocurrencies in the market.
In this article, you will explore the top 10 cheap crypto coins to invest in based on their potential, market trends, and innovative technology.
The best cheapest crypto coins in 2024
- Ripple (XRP)
- Cardano (ADA)
- Solana (SOL)
- Polygon (MATIC)
- Decentraland (MANA)
- chainlink(LINK)
- stellar(XLM)
- dogecoin (DOGE)
- The graph (GRT)
- Hendera hashgraph (HBAR)
1. Ripple (XRP)
The Ripple (XRP) is a payment platform developed to promote peer-to-peer payment. XRP was launched in 2012 by Ripple Labs, which allows instant cross-border transfers in various currencies.
The XRP is the native token of Ripple, which reached the peak price of $3.40 in early 2018. But at that time it has traded at less than one dollar since October 2021.
The current price of XRP is $0.52543, nearly an 85% discount on its all-time high ATH price.
- Market cap:$29 billion
- Circulating supply: 55,288,951,055 XRP
The XRP coin has a fully diluted valuation of $52.4 billion, and a maximum supply of 100 billion units.
The ripple XRP coin’s high utility and low price make it a great start for beginners.
2. Cardano (ADA)
Cardano is an academic-centered, proof-of-stake (PoS) blockchain that focuses on being highly secure, scalable, and sustainable. The Cardano is popular for its scalability and the smart contact support that offers.
This blockchain Cardano is recognized for its efficiency and potential to handle up to 2 million transactions per second.
Cardano was launched in 2017 by Charles Hoskinsson. ADA is the native coin of Cardano and had its all-time high of $3.10 in November 2021.
The current price of ADA is $0.4586.
- Market cap: $16.3 billion
- Circulating supply: 35.62 ADA
The Cardano ADA is one of the lowest-priced cryptocurrencies with the highest market value.
3. Solana (SOL)
Solana is designed to deliver a fast, secure, and highly scalable infrastructure for dApps and token insurance.
This cryptocurrency and blockchain platform was launched by Solana Labs in March 2020 and later grew into one of the largest blockchains in the industry in a very short period.
The SOL uses Proof of History (PoH), a unique consensus mechanism that enables thousands of transactions per second along with low transaction fees.
The current price of SOL is $146.71, and the trading volume is $1,629,536,148.
- Market cap: $ 66.48 Billion
- Circulating supply: 466,430,915 SOL coins
Solana is one of the most cost-effective and fastest blockchains currently available. Restocking protocol on Solana could increase the network’s appeal and utility, as restocking solutions have gained interest and adoption.
4. Polygon (MATIC)
Polygon is an Ethereum layer 2 scaling solution that is also popular as the Matic network. This aims to provide quicker and cheaper transactions on the Ethereum network. Matic is a well-structured platform used for Ethereum scaling and infrastructure development.
Maatic is powered by the proof-of-stake mechanism, focusing on being more secure, scalable, and sustainable.
The polygon integrates with the Ethereum network to maintain security over the main chain itself while offering sidechains meant for off-chain computation.
The current price of MATIC is $0.5362, with a trading volume of $535,667,738
- Market cap:$5.31 billion
- Circulating supply:9,282,943,566.20 MATIC
Many applications like DeFi platforms, NFT marketplaces, and gaming networks are powered by polygon.
Polygon is a versatile platform for users and developers since it enhances interoperability between blockchains.
5. Decentraland (MANA)
MANA is a virtual reality game-based platform that operates on the Ethereum blockchain. This platform allows one to explore and monetize experiences and applications along with a unique blend of virtual reality and blockchain technology.
Ethereum blockchain is operated to manage the ownership of digital assets and lands in MANA.
The decentraland is popular as a virtual real estate where users can sell buy or develop virtual properties based on decentralized autonomous organizations that help to generate income through virtual real estate investments.
The current price of MANA is $0.3602 with a trading volume of $27, 674,759.
- Market cap: $687.37 million
- Circulating supply: 1.91 B MANA
Decentraaland allows its users to interact with each other in a decentralized environment without any middleman interpretation as it serves many other purposes like gaming, education virtual commerce, and so on.
6. Chainlink (LINK)
Chainlink is a decentralized oracle network that allows a secure interaction with real-world data using smart contracts.
The chainlink is essential to bridge the gap between blockchain technology and external data sources.
Chainlink is founded by Sergey Nazarove and Steve Ellis.
The current price of LINK is $11.33 with a trading volume of $389,302,959
- Market cap:$6,878,678,369
- Circulating supply: 608,099,971 LINK
To provide tamper-proof inputs and outputs for smart contracts, LINK uses a network of decentralized oracles. This will ensure that they have access to accurate and reliable data without compromising security.
7. Stellar (XLM)
The stellar (XLM ) is a decentralized protocol for quick and low-cost cross-border transactions between many currencies in the world.
Stellar was founded by Jed McCaleb who was one of the co-founders of Ripple coin. The native token XLM was launched in 2014.
Over the years, processing billions of transactions and establishing key partnerships, including Money Gram, circle, and Franklin Templeton, stellar is making its success through these paths.
The current price of XLM is $0.09822, with a trading volume of $55,761,491.
- Market cap: $2,893,558,549
- Circulating supply: 29,481,196,621
XLM is still one of the lowest-priced coins among the 100 active cryptocurrencies in terms of market capitalization.
8. Dogecoin (DOGE)
Dogecoin is a meme digital currency that has a large following. The founders of the DOGE coin are Billy Markus and Jackson Palmer.
DOGE coin employs a hashtag algorithm, scrypt along with proof of work technology the same as Bitcoin. But, compared to bitcoin the transaction process is faster in the DOGE coin.
The current price of the DOGE coin is $0.105 with a trading volume of $575,980,753
- Market cap:$ 15,268,391,110
- Circulating supply: 145,572,836,383 DOGE
The DOGE coin is started as a meme-inspired coin that now popular for its strong community involvement.
9. The graph (GRT)
The Graph (GRT) is an indexing protocol for organizing blockchain and making it easily accessible with graphQL. It is often called the “Google of blockchains”.
The graph was launched in 2018. Aand its naattivve token GRT was released in 2020 .
The GRT is currently trading at $0.1505 with a trading volume of $43,997,587.
- Market cap:$1,437,662,902
- Circulating supply: 9,548,531,509 GRT
The GRT is placed at 49th position on the list of largest cryptocurrencies by market value.
The graph has a strong governance structure supported by the graph council and the graph foundation as it integrates with several blockchains.
10. Gala (GALA)
Gala is a blockchain gaming platform where users control in-game items and developments.
The token GALA can be used to purchase non-fungible tokens, NFTs, and in-game assets.
The GALA coin is currently trading at $0.01834, with a trading volume of $97,779,516.
- Market cap:$700,584,033
- Circulating supply:38,173,720,389
Buying GALA at this stage represents a substantial discount, especially for a coin that attains trading volumes above $100 million regularly, which signifies its continued popularity among crypto traders.
The bottom line
In conclusion, this list of the top 10 cheapest cryptocurrencies to buy in 2024 represents a diverse range of investment opportunities. Each of these crypto coins represents its unique growth potential.
When choosing a coin to buy it is important to consider other aspects like the project’s underlying technology, market demand, and other factors related.
These coins are an entry point to the crypto space, but like all the other investments they come with all the risks. Do a thorough research about the project that you are planning to invest in.
Creating a well-rounded investment strategy is essential to navigating the volatile cryptocurrency market landscape to make informed decisions.
