With the total 3, the crypto market capitalization excluding Bitcoin (BTC) and Ethereum (ETH), having retraced nearly 7% over the past two weeks to approximately $787.3 billion on October 16, 2026, after its 27% rally in the third quarter (Q3), Finbold has identified 3 cryptocurrencies under $2 to buy right now.
These three crypto assets are well positioned to benefit from the renewed crypto bull rally fueled by institutional investors, retail adoption, and regulatory clarity.
Cryptocurrencies under $2 to buy right now
$XRP
At the time of writing, $XRP traded at about $1.34, down more than 43% over the past 12 months.
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$XRP performance on October 16. Source: CoinMarketCap
As a result, the token’s market cap hovered at $84.76 billion on Friday. Meanwhile, its 24-hour trading volume had plunged nearly 33% to $2.06 billion.
This crypto asset is likely to rally driven by institutional adoption. At the time of reporting, $XRP Ledger (XRPL) saw its 30-day trading volume for Real World Assets (RWA) spike over 1,558% to $7.03 billion, based on updates from RWA.xyz.
$XRP Ledger tokenization growth. Source: RWA.xyz
Sui ($SUI)
Among the top three cryptocurrencies to consider now is Sui ($SUI), which powers a high-throughput layer one (L1) blockchain. At press time, $SUI traded at $1.04, after capitulating over 60%, thereby reaching a market cap of $4.31 billion.
$SUI price performance on October 16. Source: CoinMarketCap
Over the past four months, the $SUI network saw its total value locked (TVL), stablecoin market cap, and transactions grow. Specifically, this blockchain reported a TVL of $511.57 million and a stablecoin market cap of $500 million, based on metrics from DeFiLlama.
$SUI on-chain metrics on Friday. Source: DeFiLlama
Gram ($GRAM)
Gram ($GRAM), previously Toncoin (TON), is among the top 3 cryptocurrencies to keep under review. At the time of publication, $GRAM traded at $1.38, down roughly 37% over the last 12 months, as per data from CoinMarketCap.
$GRAM performance on October 16. Source: CoinMarketCap
The last time that $GRAM revisited the $2 milestone was in May 2026 after the team renamed the token.
$GRAM’s TVL performance on Friday. Source: DeFiLlama
As a result, the top three cryptocurrencies to purchase on October 16 under $2 are $XRP, $SUI, and $GRAM largely due to their strong fundamentals.
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