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Interesting to know what is the cheapest crypto to buy in 2024? Check out our top 7 low-cost cryptos with potential for growth.
Bitcoin (BTC) was in the news recently for reaching an all-time high price of more than $73,000, making it the priciest cryptocurrency in the world, as well as having the highest market capitalization at more than $1.3 trillion.
Such a high price tag may put Bitcoin out of reach of the average crypto investor, but it raises an interesting question: what is the world’s cheapest cryptocurrency?
In this guide, we will help sate your curiosity by listing the five lowest price cryptocurrencies in the market, as well as putting up a case for the top 7 cheapest crypto to buy. Read on to find out more.
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World’s cheapest cryptocurrency
There are currently more than 2.4 million cryptocurrencies in existence, as indicated by the crypto price tracking website CoinMarketCap.
In terms of what is the cheapest crypto, data from CoinMarketCap shows that at the time of this writing, Elon’s Cat (CATME), an Elon Musk-inspired meme coin, was trading at $0.0000000000000000000000002318. That price makes it the cheapest crypto coin in the world.
Giving CATME a run for its zeros is OSL AI (OSL). Per the information on CoinMarketCap, OSL is issued by BC Technology, a company offering crypto custody and brokerage services for the Asian market.
Coming in at third on our list of most cheapest cryptocurrency 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) that bears the same ticker symbol, Doge Satellite Inu has a $0.0000000000000000000004273 price tag with a self-reported circulating supply of 999.6 trillion DOGE.
Interestingly, another of the lowest price cryptocurrency bears the DOGE tag. Known as Dogecoin X (DOGE), this new meme coin has a total supply of 143,514,536,383 coins, with each of them currently priced at $0.0000000000000000000007686.
Completing our roundup of the five cheapest cryptocurrencies in the market currently is BNBsongoku (BNBSONGOKU), a deflationary token on the Binance Smart Chain (BSC). Information provided by CoinMarketCap for the token shows that it was launched in October 2023 with a total supply of “ten septillion billion” units.
The project behind the token has a stated mission of helping reduce carbon dioxide emissions and promoting the use of green energy. At the time of writing, one BNBSONGOKU was trading at $0.0000000000000000000008127.
Top 7 cheapest crypto to buy
The coins above are largely mentioned for informational purposes only. It would not be advisable to put your money into any of them unless you can verify their authenticity and get more data related to their market performance.
However, if you are interested in some of the lowest price cryptocurrency in the world that you could potentially 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 various currencies.
Its native token, XRP, reached a peak price of $3.40 in early 2018 but has mostly traded at less than one dollar since October 2021.
Currently, XRP is priced at $0.5243, a nearly 85% discount on its all-time high (ATH) price.
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 a great entry point for new investors.
2. Cardano (ADA)
Cardano (ADA) is a proof-of-stake (PoS) blockchain known for its scalability and for supporting 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, launching it in 2017. Its native token, ADA, hit an all-time high of $3.10 in November 2021. However, it is currently trading at $0.4586, and with a market capitalization north of $16.3 billion, it is one of the lowest price cryptocurrency with the highest market value.
Unlike XRP, which recorded a very modest 3.1% uptick over the last year, ADA has been much more boisterous, registering a 30% jump in its price over 365 days, per 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, with its native token, GRT, being released in 2020.
The Graph integrates with several blockchains and has a strong governance structure supported by The Graph Council and The Graph Foundation.
GRT currently trades at $0.2987, which, while being more than 89% below its ATH, is still 474% higher than its all-time low (ATL) price of $0.05205 from November 2022.
A market capitalization of $2.8 billion places GRT at #49 on the list of largest cryptocurrencies by market value, putting it among the cheapest coins to buy in the top 100.
4. Tron (TRX)
Tron (TRX) is a blockchain platform aimed at decentralizing the internet using a delegated proof-of-stake (DPoS) consensus mechanism.
Crypto personality and former permanent representative of Grenada 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 Jan. 5, 2018. However, at the time of writing, it was trading at $0.1147 and had a market cap just above $10 billion.
Over the last year, the price of TRX has gone up by about 45.3%, but it still remains one of the lowest price cryptocurrency in the world, especially considering its market cap puts it at #16 among the most valuable digital currencies.
5. Stellar (XLM)
Stellar (XLM) is an open-source payments network that facilitates quick and low-cost cross-border transfers. It launched in 2014, with XLM as its native token.
Stellar has grown significantly over the years, processing billions of transactions and establishing key partnerships, including with MoneyGram, Circle, and Franklin Templeton.
XLM is currently changing hands at $0.1062, nearly 88% less than its ATH price of $0.8756 attained in 2018, and 22219.7% higher than its ATL level of $0.0004761 from March 2015.
Per data from CoinGecko, while still 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 a year ago.
6. Gala (GALA)
Next on our list of the top 7 cheapest crypto to buy is Gala (GALA), a blockchain gaming platform where users control in-game items and developments.
The GALA token, which can be used to purchase non-fungible tokens, NFTs, and in-game assets, is trading at about $0.04545, giving it a market capitalization of $1,613,994,445.
The price is a 95.5% markdown from GALA’s all-time high valuation of $0.8248 per token, a level it reached in November 2021.
As such, buying into the project at this stage represents a substantial discount, especially for a coin that regularly attains daily trading volumes upwards of $100 million, signifying its continued popularity among crypto traders.
7. Ankr (ANKR)
Ankr Network (ANKR), founded in 2017 by Chandler Song, focuses on simplifying web3 development. It provides a blockchain-based cross-chain infrastructure supporting decentralized finance (defi) and decentralized app (dapp) development.
Ankr also features a staking protocol, Stkr, that supports ETH staking and offers high liquidity for Ethereum 2.0 stakers.
Its native ANKR token is also one of the world’s cheapest cryptocurrency, especially among the top 200 largest coins by market capitalization.
Currently priced at $0.04495, ANKR has a market valuation of $449 million and more than $80 million in total value locked (TVL).
Its latest price also reflects an 87% increase over the last year and a 6245.5% improvement on its all-time low from March 13, 2020.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Final thoughts
Investing in cryptocurrency doesn’t have to be an expensive endeavor. While Bitcoin may dominate the headlines with its staggering price and market cap, there are numerous low-cost cryptocurrencies that offer significant potential for growth.
This guide has highlighted some of the world’s cheapest cryptocurrencies in 2024. From Ripple’s robust payment platform to Cardano’s scalable blockchain, each of these cryptocurrencies provides unique value and opportunities for both new and seasoned investors.
However, while low prices can be enticing, it’s important that you conduct thorough research and consider the long-term potential of any crypto investment before putting your funds into it. By staying informed and strategic, you can navigate cryptocurrencies and find the best opportunities that align with your investment goals.