It is interesting to know what is the cheapest cryptocurrency to buy in 2024? Check out our top 7 low-cost cryptocurrencies with potential for growth.
Bitcoin (BTC) has been 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 highest market cap at over $1.3 trillion.
Such a high price may put Bitcoin out of reach for the average cryptocurrency 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 lowest-priced cryptocurrencies on the market, as well as the 7 best cryptocurrencies to buy. Read on to find out more.
The cheapest cryptocurrency in the world
There are currently more than 2.4 million cryptocurrencies in existence, notes cryptocurrency price tracking site CoinMarketCap.
In terms of the cheapest cryptocurrency, data from CoinMarketCap shows that at the time of this writing, Elon's Cat (CATME), a meme coin inspired by Elon Musk, was trading at $0.00000000000000000000000002318. This price makes it the cheapest cryptocurrency in the world.
Giving CATME a run for its own zeros is OSL AI (OSL). According to information on CoinMarketCap, the OSL was issued by BC Technology, a company that provides cryptocurrency custody and brokerage services for the Asian market.
Another meme coin comes in third on our list of the cheapest cryptocurrencies in the world, which is the Doge Satellite Inu (DOGE).
At the time of writing, the price of one OSL is $0.00000000000000000000003242. The token has a self-reported circulating supply of 42,069,000,000,000 OSL, giving it a market cap of $13,630.36.
Not to be confused with the original meme Dogecoin (DOGE) with the same ticker symbol, the Doge Satellite Inu has a price of $0.00000000000000000000004273 USD with a self-reported circulating supply of 999.6 trillion DOGE.
Interestingly, another of the cheaper cryptocurrencies is labeled DOGE. This new coin is known as Dogecoin
Continuing our roundup of the five cheapest cryptocurrencies on the market currently is BNBsongoku (BNBSONGOKU), a deflationary token on the Binance Smart Chain (BSC). Information provided by CoinMarketCap about the token shows that it was launched in October 2023 with a total supply of “ten septillion billion” units.
The project behind the symbol has a stated mission of helping reduce carbon dioxide emissions and promoting green energy use. At the time of writing, one BNBSONGOKU is trading at $0.00000000000000000000008127.
Top 7 cheapest cryptocurrencies to buy
The above currencies are mentioned largely for informational purposes only. It would not be advisable to put your money into any of them unless you can verify their authenticity and obtain more data regarding their performance in the market.
However, if you are interested in some of the world's lowest-priced cryptocurrencies that you could potentially invest some money in, 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, this platform allows instant cross-border transfers in different currencies.
Its native token, XRP, reached a high of $3.40 in early 2018 but has mostly traded below $1 since October 2021.
Currently, XRP is priced at $0.5243, which represents a roughly 85% discount to its all-time high (ATH).
The coin has a maximum supply of 100 billion units and a fully diluted valuation of $52.4 billion. Its high interest 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 support for smart contracts. Blockchain technology is also known for its efficiency and ability to handle up to 2 million transactions per second.
Cardano was founded by Charles Hoskinson, and launched 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 $16.3 billion, it is one From the lowest cryptocurrency price to the highest market value.
Unlike XRP, which registered a very modest 3.1% rise over the past year, ADA has been more active, recording a 30% jump in its price over 365 days, per Data From Queen Gekko.
3. Histogram (GRT)
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, released in 2020.
Graph integrates with multiple blockchains and has a robust governance structure supported by the Graph Council and the Graph Foundation.
GRT is currently trading at $0.2987, which, although more than 89% below the ATH, is still 474% higher than its all-time low (ATL) of $0.05205 as of November 2022.
The market capitalization of $2.8 billion places GRT as the 49th largest cryptocurrency by market capitalization, making it among the cheapest cryptocurrencies to buy in the top 100.
4. TRON (TRX)
Tron (TRX) is a blockchain platform that aims to decentralize the Internet using a proof-of-stake (DPoS) consensus mechanism.
Justin Sun, a cryptocurrency personality and former Permanent Representative of Grenada to the World Trade Organization (WTO), launched Tron in 2017. The network then moved 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 cap of just over $10 billion.
Over the past year, the price of TRX has risen by about 45.3%, but it is still one of the lowest-priced cryptocurrencies in the world, especially considering that its market capitalization places it as the 16th most valuable cryptocurrency.
5. Excellent (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 its native token.
Stellar has grown significantly over the years, processing billions of transactions and establishing key partnerships, including with MoneyGramCircle, and Franklin Templeton.
XLM is currently trading at $0.1062, roughly 88% below the ATH price of $0.8756 achieved in 2018, and 22,219.7% higher than the ATL level of $0.0004761 as of March 2015.
According to CoinGecko data, although it is still one of the lowest-priced coins among the top 100 cryptocurrencies by market cap, the current value of XLM still reflects a 21% increase in value compared to last year.
6. GALA
Next on our list of the top 7 cryptocurrencies 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 NFTs, non-fungible tokens, and in-game assets, is trading at around $0.04545, giving it a market capitalization of $1,613,994,445.
The price is a 95.5% discount 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 significant discount, especially for a coin that regularly reaches daily trading volumes of over $100 million, demonstrating its continued popularity among cryptocurrency traders.
7. ANKR
Ankr Network (ANKR), founded by Chandler Song in 2017, focuses on simplifying web3 development. It provides a blockchain-based multi-chain infrastructure that supports decentralized finance (defi) and decentralized application (dapp) development.
Ankr also features the staking protocol, Stkr, which supports ETH staking and provides high liquidity to Ethereum 2.0 stakers.
Its native ANKR token is also one of the cheapest cryptocurrencies in the world, especially among the top 200 coins by market cap.
ANKR is currently priced at $0.04495, with a market cap of $449 million and over 80 million dollars In Total Value Locked (TVL).
Its latest price also reflects an 87% increase over the past year and a 6245.5% improvement from its all-time low since March 13, 2020.
Disclosure: This article does not constitute investment advice. The content and materials contained on this page are for educational purposes only.
Final thoughts
Investing in cryptocurrencies doesn't have to be an expensive endeavor. While Bitcoin may dominate the headlines due to its amazing price and market cap, there are many low-cost cryptocurrencies that offer great potential for growth.
This guide has highlighted some of the cheapest cryptocurrencies in the world in 2024. From Ripple's powerful payment platform to Cardano's scalable blockchain, each of these cryptocurrencies offers unique value and opportunities for both new and seasoned investors.
However, although low prices can be tempting, it is important to conduct thorough research and consider the long-term potential of any cryptocurrency investment before putting your money into it. By staying informed and strategic, you can navigate cryptocurrencies and find the best opportunities that align with your investment goals.