Cheap cryptocurrencies 2024: Which coins are worth paying attention to for small investors?

Bitcoin recently broke the 85,67K USD barrier, reaching an astonishing market capitalization of 1.71 trillion USD. This astronomical valuation may discourage investors seeking a more accessible entry point into the cryptocurrency market. At the same time, questions arise: are there noteworthy cheapest cryptocurrencies with real growth potential? The answer is: yes. Below, we present seven liquid and stable coins that are trading at affordable prices and can serve as alternatives for beginner investors.

Cryptocurrencies accessible to everyone – Market overview

The cryptocurrency market has over 2.4 million token projects. However, not all have investment value – many are speculative meme coins valued at just a few fractions of a cent, such as Elon’s Cat (CATME) listed at 0.000000000000000000000002318 USD, or OSL AI at 0.0000000000000000000003242 USD. These extremely low quotes may seem attractive but are traps for unwary traders.

On the other hand, proven projects offering real technological applications look different. The cheapest cryptocurrencies with actual market value and solid fundamentals are definitely a better choice for sensible investments.

Seven liquid coins on investors’ radar

1. Ripple (XRP) – Leader in cross-border payments

Ripple is a peer-to-peer network launched in 2012 that revolutionizes international transfers, competing with traditional systems like SWIFT. The network supports instant transfers in multiple fiat currencies.

The XRP token once reached $3.65 at its peak, but the current valuation at $1.87 offers a real opportunity for investors. The total supply is 100 billion units, and the market capitalization is $186.77 billion – placing XRP among the largest cheapest cryptocurrencies available on the market. Over the year, the price has fallen by 23.82%, but the project’s long-term utility deserves attention.

2. Cardano (ADA) – Next-generation blockchain

Cardano is a proof-of-stake (PoS) platform developed by Charles Hoskinson and launched in 2017. The network is known for excellent scalability and the ability to process up to 2 million transactions per second, supporting advanced smart contracts.

The ADA token peaked at $3.09, while its current price of $0.38 indicates a significant discount. With a market cap of $14 billion, ADA remains a solid choice for investors looking for the cheapest cryptocurrencies with potential. Year-over-year, the coin has decreased by 65.38%, which for some presents an opportunity to buy at a lower price.

3. The Graph (GRT) – Blockchain data indexer

The Graph is an indexing protocol often compared to “Google for blockchains.” Launched in 2018, it handles data queries from multiple blockchain networks and is a critical infrastructure for the Web3 ecosystem.

The current GRT price is $0.04, representing a 98.6% discount from its all-time high of $2.84. With a market cap of $403.14 million, GRT ranks among less-known but stable and worth considering affordable cryptocurrencies.

4. Tron (TRX) – Decentralization of the internet

Tron, created by Justin Sun in 2017, aims to decentralize the internet using a delegated proof-of-stake (DPoS) consensus mechanism. In 2018, the network migrated from Ethereum to its own blockchain.

TRX, valued at $0.28, has a market cap of $26.37 billion, placing it at 16th in terms of value. Its maximum price was $0.43, with a yearly decrease of 2.48%. Despite modest changes, TRX remains one of the cheapest cryptocurrencies with a solid user base.

( 5. Stellar )XLM### – Fast international transfers

Stellar, launched in 2014, offers an open payment network enabling quick and inexpensive cross-border transfers. The project has formed strategic partnerships with institutions like MoneyGram and Franklin Templeton, processing billions in transaction volume.

The current price of $0.22 is nearly 75% below the maximum of $0.88. Year-over-year, XLM has decreased by 49.55%, but the infrastructure and adoption suggest long-term potential among the cheapest cryptocurrencies.

( 6. Gala )GALA### – Blockchain gaming

Gala is a blockchain-based gaming platform where players truly control resources and influence the project’s direction. The GALA token is used to buy NFTs, transact resources, and operate within the game economy.

At $0.01, with a valuation of $0.82 as of November 2021, GALA is trading with a 98.78% discount from its ATH. However, daily trading volumes exceeding $100 million highlight ongoing popularity among traders. With a market cap of $302.62 million, GALA is unattractive for large investors but interesting for speculators.

( 7. Ankr )ANKR( – Web3 infrastructure

Ankr Network, founded in 2017 by Chandler Song, specializes in simplifying Web3 application development. The network provides cross-chain infrastructure supporting DeFi and dApps, and also offers the Stkr staking protocol for Ethereum 2.0.

ANKR, valued at $0.01, represents a 95.24% discount from its maximum of $0.21. With a market cap of $67.92 million and TVL over $80 million, it shows solid fundamentals. Year-over-year, it has decreased by 85.36%, but the growth from the March 2020 bottom was 6245.5%.

Key takeaways for investors

Looking for affordable coins doesn’t have to mean sacrificing quality. While Bitcoin dominates headlines due to its unprecedented valuation, many of the cheapest cryptocurrencies offer solid fundamentals and real growth potential.

Each of the above coins has a unique value proposition – from Ripple, revolutionizing international payments, to Ankr supporting Web3 infrastructure. Regardless of experience level, investors can find options aligned with their risk profile.

However, before investing any funds, thorough research of the project, tokenomics analysis, and long-term investment assessment are essential. Low price is an opportunity – not a guarantee of profit. Prudent approach and systematic market monitoring are key to finding the best opportunities in the world of cheapest cryptocurrencies.