Cheap cryptocurrencies are digital tokens that trade for a small fraction of a dollar. This means that investors can often buy thousands of tokens with a small investment.
In this guide, we look at the best cheap cryptocurrencies to buy. We covered 12 projects of various market caps and upside potential, so read on to discover the best cheap cryptocurrency projects in 2024.
In addition, some of these cryptocurrencies are also included in our selection of the best cryptocurrency pre-sales this year.
The 13 Cheapest Cryptocurrencies to Buy in 2024
The 13 projects below represent the best cheap cryptocurrencies to buy right now:
- Wall Street Memes (WSM) – Emerging meme coin among the cheapest crypto projects leveraging its extensive online presence and community support. The platform has already raised more than $25 million in just over three months. His impressive social media presence has caught the attention of famous personalities like Elon Musk.
- Sponge V2 (SPONGEV2) – A new version of the popular meme coin that will grow 100x in 2023. You can get V2 purchase rewards and receive token rewards for 4 years. A new coin that is likely to be listed on famous exchanges such as Binance and OKX.
- Meme Kombat (MK) – A new ERC 20 project where you battle with your favorite meme characters. In Season 1, you can participate in battles with a total of 11 famous memes.
- Sonik (SONIK) – ERC20 degen cryptocurrency priced at just $0.000014 with giant APY returns and a small hard cap of $2 million. The project has already raised $1.3 million in pre-sale in just 3 weeks. This is a one-stage pre-sale with no tiered pricing structure.
- Launchpad XYZ (LPX) – Web 3.0 currencies are all the rage right now, so Launchpad XYZ is worth considering. The project simplifies the world of Web 3.0 investing through a consumer-based platform. Launchpad XYZ users can access everything from exclusive NFTs and private ICOs to unreleased play-to-earn games and fractional assets. This pre-sale project offers LPX tokens at only $0.0445.
- yPredict (YPRED) – This project is building a marketplace of predictive models, allowing users to automate the crypto analysis process. This covers trading signals, chart recognition patterns, and cryptocurrency trends. yPredict is also in the middle of its pre-sale, with YPRED tokens selling for just $0.1. Please note that after the pre-sale, YPRED will be publicly traded at $0.12.
- eTukTuk (TUK) – Eco token with a 40% discount for early investors and only $0.028 per TUK token. The main objectives of the project are financial inclusion and the reduction of CO2 emissions in the poorest regions.
- Scorpion Casino (SCORP) – New model that allows investors to participate in casino ownership with rewards of up to $10,000 per daily bet. Pre-sale is 98% complete with $980,000 raised.
- Anarchy (ANA) – A meme coin dedicated to fighting against unfair practices in the modern socioeconomic landscape. Its increasingly popular native token currently costs just $0.00027, a discounted price in Phase 3 of the pre-sale.
- Ripple (XRP) – Although Ripple is a large-cap project, it is still one of the cheapest cryptocurrencies to buy. Currently trading at around $0.50 per XRP, Ripple allows banks and financial institutions to make cross-border payments. In terms of use cases, XRP allows issuers and receivers to form a temporary liquidity bridge for cross-currency transfers.
- Shiba Inu (SHIB) – Another large cap token, Shiba Inu is one of the best meme coins to buy. This cheap cryptocurrency has a huge supply of one quadrillion, so its native token is trading for just $0.0000012. This produces over 11 million SHIB tokens for an investment of just $100.
- Stellar (XLM) – This established cryptocurrency allows consumers and businesses to make super cheap, fast, and scalable transactions on the blockchain. Some of its biggest partnerships to date include IBM and MoneyGram. This cheap cryptocurrency is currently trading at around $0.12.
- Sushiswap (SUSHI) – SushiSwap is a decentralized exchange built on the Ethereum network. It has cross-chain functionality, including support for Arbitrum, Binance Smart Chain, and Fantom. SushiSwap is also an aggregator, which means it secures the best exchange rates on the market.
- Gala (GALA) – This project has developed a blockchain-based gaming ecosystem. All games follow the “play to win” model, which allows players to earn cryptocurrency as a reward. Additionally, Gala games also provide ownership of in-game assets, backed by NFTs on the Ethereum blockchain.
The Cheapest Cryptocurrencies to Invest In
On the one hand, cheap cryptocurrencies allow investors to buy a large number of tokens with a small investment. However, this should not be the only reason to invest in a project.
Instead, investors should consider the cryptocurrency’s long-term upside potential by exploring its fundamentals and price developments.
Below, we help clear the fog by analyzing the best cheap cryptos to buy in 2024.
1. Wall Street Memes (WSM) – Meme token with strong community support
With the rise of meme coins in 2023, Wall Street Memes (WSM) has launched the pre-sale of its $WSM token, an affordable entry into the cryptocurrency market.
Trading at $0.0337 in its current pre-sale round, the $WSM token sale, launched on May 26, has already raised over $25 million in just over 13 weeks.
Known for its high-engagement NFTs and strong online community, the platform has a foothold in the digital space, with over a million followers on platforms like Twitter, Instagram, and Discord. The project aims to leverage this support in its foray into the cryptocurrency space.
Being a product of internet meme culture, Wall Street Memes aims to make $WSM a viable player in the meme coin market. The brand’s agility in keeping up with the latest trends, including Bitcoin NFTs, is promising, a trait reflected in its Ethereum NFT collection, which sold out in a matter of minutes in 2021.
The great influence of Wall Street Memes on social networks has achieved interactions with notable figures such as Elon Musk. This social media push could be a launching pad for high-profile trading listings on Binance or Coinbase.
To celebrate the launch of the $WSM cryptocurrency pre-sale, a $50,000 airdrop is in the works. For more information about the project, visit their Linktree.
The entire supply of $WSM tokens, capped at 2 billion, is allocated to the community. Of this amount, 50% is available in pre-sale, and the rest is divided between community rewards and liquidity.
Stay up to date with the latest news on this upcoming initial coin offering via Wall Street Memes Telegram.
Capitalization | $30,577,000 |
Supply | 2,000,000,000 |
Pre-sale tokens | 1,000,000,000 |
Blockchain | Ethereum Network |
Tolen type | ERC-20 |
Minimum purchase | 100 tokens |
It is purchased with | USDT, ETH, BNB, Bank Card |
Visit Wall Street Memes
2. SPONGE V2 ($SPONGE V2) – A New Coin That Boasts 100x Returns In 2023 And Is Likely To Be Listed On Binance And Okx In 2024
SPONGE V2 is a new version of the $SPONGE coin, the legendary meme coin that achieved 100x returns in 2023.
The existing $SPONGE coin market capitalization soared from $1 million to $100 million shortly after launch. It also received attention from famous coin influencers such as Jacob Bury and brought a new wind to the world of meme coins.
If you have not been able to purchase the existing $SPONGE coin, now is your chance. If you purchase V2 tokens in the sale, we are holding an unprecedented event where you will receive coins equivalent to twice the price you paid for a limited period of time. In other words, investors who purchase V2 tokens during this period can double their profits in a short period of time.
Ways to purchase $SPONGE V2 tokens are through new sales or staking V1 tokens. Staked V1 tokens are permanently deposited, and V2 token rewards based on staking are paid for 4 years.
The latest updates regarding the V2 token launch and future exchange listings can be found on X, Telegram, and Discord.
$SPONGE V2 is expected to grow as much as the existing $SPONGE, so if you are interested in this coin, do not miss out on this sale and participate.
3. Meme Kombat ($MK) – A New Project To Earn Coins Through Meme Character Battles
Meme Kombat ($MK) is the most unique and notable new meme coin project on the market today. If 2022 was the year of the rise of meme coins, 2023 and 2024 are expected to be the years of meme battles.
Meme Combat started with a fresh concept of meme character battle. Users of the platform can earn money by participating in battles with their favorite meme characters. Of course, you can also earn profits through staking. In Season 1, you can play 11 popular meme characters and participate in your favorite meme battles.
Meme Combat’s native token is $MK, and the total token supply is 12,000,000 tokens. Of this, 50%, or 6,000,000 $MK, will be used for pre-sale, and the current pre-sale price is $1.667. 30% is used for staking and battle rewards, 10% is used for community rewards, and the remaining 10% is used for DEX liquidity.
Meme Combat’s APY is over 112%, and as the number of pre-sale participants increases, APY revenue decreases. Coins available for pre-sale are ETH, USDT, and BNB.
More information about Meme Combat can be found in the white paper or on social media ( Telegram, Twitter).
4. Sonik – ERC20 Meme Token with Huge Staking Rewards, Priced at Just $0.000014 in a Pre-sale Stage
Sonik (SONIK) is a new degen coin with an irreverent attitude and high aspirations. It aims to reach a market capitalization of $100 million and rewards users with a new speed betting model, which previously offered rewards of up to 26,648%.
However, this figure is currently much more moderate, as more and more users are staking their coins. As stated in the website’s disclaimer, Sonik is a meme scam intended primarily for entertainment purposes. It has no relation to the Sonic the Hedgehog franchise or Sega.
Sonik’s roadmap expands into three distinct phases. During the first phase, concept art and token deployment take place, along with the actual pre-sale. In the second phase, the market initiative will take place alongside the staking deployment and launch on the Uniswap decentralized exchange.
In the third phase, the iconic token aims to reach a market capitalization of $100 million through community participation, staking rewards, and ongoing initiatives. More information on these phases is provided in the white paper. In addition, the campaign has undergone a security audit in which no serious problems in the code have been detected.
In total, there are 299,792,458,000 SONIK tokens, of which 50% are allocated to pre-sale. Of the rest, 40% is allocated to staking and 10% to DEX liquidity. The price per entry is only $0.000014, which is ultra-low. This is also a one-stage pre-sale, so it doesn’t matter if you enter late or early, as long as you enter before the exchange listing, where the price could increase.
ETH and USDT are the only acceptable means of accessing this low-priced token. At this time, MetaMask and Wallet Connect are the only Web3 wallets acceptable to participate in the pre-sale.
More information can be obtained on the project’s social networks, such as the Twitter and Telegram accounts.
Capitalization | $2,098,547 |
Supply | 299,792,458,000 |
Pre-sale tokens | 149,896,229,000 |
Blockchain | Ethereum Network |
Token type | ERC-20 |
Minimum purchase | 1000 tokens |
It is purchased with | USDT, ETH |
5. Launchpad (LPX) – Web 3.0 investing made easy for the average consumer
Launchpad XYZ is revolutionizing the Web 3.0 investment space, allowing the average consumer to build a portfolio without any prior experience.
The platform simplifies complex investment products and offers real-time information on trend-setting Web 3.0 technologies and niches.
For example, Launchpad XYZ is building a scoring system that rates cryptocurrencies based on a risk-reward ratio.
This allows novice traders to evaluate which cryptocurrencies are worth buying. Furthermore, Launchpad XYZ will also provide access to ICO campaigns that are only available to private investors.
This is in addition to exclusive NFT releases and play-to-earn games that have not yet been released to the public. Other features being developed include fractional assets, metaverse experiences, and a decentralized NFT exchange.
Some of these features can only be accessed by staking LPX tokens. This ensures that the Launchpad XYZ ecosystem is sustainable in the long term. LPX tokens also offer investors discounts on trading fees and other exclusive benefits.
LPX tokens are currently selling at pre-sale prices, with over $1.5 million already raised. The current pre-sale price is only $0.0445 per token. That is, more than 2,200 LPX for every $100 invested.
Capitalization | $12.5 million |
Supply | 1 billion |
Pre-sale tokens | 250 million |
Blockchain | Ethereum Network |
Token type | ERC-20 |
Minimum purchase | 100 LPX |
It is purchased with | USDT, ETH, BNB, Bank Card |
6. yPredict (YPRED) – Blockchain-based Ecosystem for Buying and Selling Predictive Models
yPredict is building a blockchain-based ecosystem that allows users to buy and sell predictive models. The platform hosts models developed by data scientists, cryptocurrency analysts, and quantitative traders.
Each predictive model will focus on a specific niche of the cryptocurrency trading sector and allow users to make smart and efficient decisions.
For example, some predictive models will simplify technical analysis and research processes. This includes providing automated pattern recognition of graphs, allowing users to streamline their data insights.
Some yPredict models will provide trading signals. This not only eliminates the need for technical analysis but determines appropriate entry and exit prices.
For example, the yPredict predictive model might suggest shorting BNB if it reaches $380 per token. Additionally, the model could also suggest entering a stop-loss and take-profit order of $320 and $390, respectively.
Before predictive models appear on the yPredict marketplace, they are tested by the project’s DAO. The DAO will evaluate the model’s capabilities under real market conditions.
The results of the testing period are published to the yPredict community for complete transparency. Once a predictive model has been approved, it is put up for sale. The transaction currency for purchasing predictive models is YPRED, the native token of yPredict. YPRED is currently sold at pre-sale prices. More than $1.7 million has been raised, and currently, each YPRED costs just $0.1.
The price will increase to $0.10 and $0.11 in the next two pre-sale phases. Then, once the pre-sale is completed, YPRED will be listed on the stock market at $0.12. This represents an attractive discount for those who invest today.
Before continuing, remember that YPRED is an unproven cryptocurrency and the project is still in development. This means that investors may need to hold their YPRED tokens for the long term before seeing notable growth.
Capitalization | $6.5 million |
Supply | 1 billion |
Pre-sale tokens | 800 million |
Blockchain | Polygon |
Token type | ERC-20 |
Minimum purchase | 200 YPRED |
It is purchased with | MATIC, USDT, ETH, BNB, Bank Card |
7. eTukTuk – Project That Seeks to Help Reduce Socioeconomic Barriers and Help the Environment, $50,000 Raised With a 40% Discount for New Participants
eTukTuk (TUK) is a niche campaign specifically targeting transportation in economically disadvantaged regions. It has two main objectives: achieving financial inclusion and helping the environment. The project was launched in Sri Lanka, an area known for its high levels of pollution and CO2 emissions.
eTukTuk specifically deals with TukTuks, a form of the 3-wheeled vehicle found in Asia that is more harmful to the environment compared to regular vehicles. eTukTuk aims to replace them with Electric Vehicles (EV) with specific charging stations maintained by Territory partners. These vehicles are much more environmentally friendly and can drastically reduce fuel costs.
eTukTuk aims to be completely self-sufficient from local electricity grids. Solar-powered charging stations will provide a permanent solution that will support a sustainable charging network and reduce costs to the ecosystem. The vehicles will have zero emissions and 85% of the parts will be locally sourced.
TukTuk drivers do not earn much money and spend a disproportionate amount of fuel. The TUK token can also be used within the app to earn rewards for drivers, who can also stake their coins. eTukTuk is a socio-economic initiative that aims to help the environment and increase levels of economic prosperity in the region.
This solution also hopes to bring countries like Sri Lanka closer to first-world countries and empower entrepreneurs to choose sustainable futures.
During the community sale, investors can benefit from a 40% bonus on a token that is priced as low as $0.024, with no waiting period. The project supports a wide variety of cryptocurrencies (ETH, BNB, USDC, USDT, or ADA), as well as many Web3 wallets. This community sale has a small hard cap of $120,000 and represents the lowest price before the other fundraising events take place.
You can find more details in the whitepaper and on the Twitter and Telegram accounts.
Capitalization | $120,000 |
Supply | 2 billion |
Pre-sale tokens | 5,000,000 |
Blockchain | Binance |
Token type | BEP20 |
Minimum purchase | 1000 TUK |
It is purchased with | ETH, BNB, USDC, USDT or ADA |
8. Scorpion Casino – Affordably Priced SCORP Token Allows You to Own the Casino and Get Up To $10,000 in Rewards, Pre-sale 98% Complete at Only $0.017 per Token
Scorpion Casino (SCORP) is an online casino with a pre-sale that is almost finished. This could be your last chance to participate before it ends permanently.
The SCORP token allows them to become indirect owners of the casino, where they can participate in the casino’s rewards based on the revenue it generates. In total, up to $10,000 in staking rewards can be earned, paid in USDT.
Scorpion Casino’s goal is to break down the barriers of casino exclusivity so that everyone can get involved and participate. Scorpion Casino offers 30,000 monthly betting opportunities, 210 casino games, and 160 live games.
More than 35 different sports are integrated into the casino. It is also very safe and regulated. The platform is regulated and authorized by the Curacao eGaming Authority. The team has been KYC verified by Assure DeFi and also audited by SolidProot.
Currently, the BEP20 token is priced at just $0.017, approximately 33% of the final listing price of $0.05. This is a powerful incentive to invest quickly, especially given that it is almost sold out.
Pre-sale investors can also benefit from 40% in play credits as an additional bonus. Tokens can be purchased using MetaMask or Wallet Connect, paid in USDT, BNB, or ETH.
Scorpion Casino’s white paper should be consulted before investing as it outlines the risks and provides an overview of the gaming industry as a whole and how it plans to disrupt it.
He claims that it is almost impossible to profit from the gaming industry as an outsider, so this pre-sale is a system breaker that inverts the existing model. It removes barriers to entry and provides users with a means to earn income.
You can find more details in the dedicated Telegram account.
Token symbol | SCORP |
Pre-sale tokens | 200,000,000 SCORP |
Token type | BEP-20 |
It is purchased with | ETH, USDT, BNB |
Listed price | $0.05 |
9. Anarchy (ANA) – Meme Coin-backed Ecosystem Designed To Empower Individual Investors
Continuing with our list of the best cheap cryptocurrencies to buy, we turn our attention to Anarchy. This blockchain-based network is one of the most recent meme-backed systems to appear in the cryptocurrency market. Although the project is still developing a roadmap, its goal has been gaining traction among cryptocurrency enthusiasts.
Anarchy is committed to addressing the injustices that have governed the financial system for years. Its extensive mission statement highlights numerous problems that the global market has experienced, from the 2008 crisis to the economic recession of 2023. It details the problems that the “little guy” faces daily and proposes an initiative against these forms of evil conduct.
This Ethereum-powered project is building a community that uses memes to raise awareness and critique the system while entertaining users in the process. Additionally, it supports individual investors through its DAO approach to authority distribution.
Instead of giving power to a small group of people, Anarchy uses blockchain technology to distribute governance rights among all users.
The developers have allocated 80% of the total supply for public sale, 20% for liquidity, and 4.5% of each sale and transaction for the DAO wallet.
By owning its native token, Anarchy holders can vote on the best ways to invest these funds each month. This structure offers them more control over the capital invested and a say in the future of the project.
The Anarchy pre-sale is now underway, so you can reserve your spot in advance. Check Telegram and other social networks of the project, visit its official website, and buy your first ANA token at a discount. You will be able to claim these reserves as soon as the ICO ends.
Hard Cap | N/A |
Supply | 69,420 billion |
Pre-sale tokens | N/A |
Blockchain | Ethereum |
Token type | ERC-20 |
Minimum purchase | N/A |
It is purchased with | ETH, USDT, BNB, credit card |
10. Ripple (XRP) – Cross-border Payments on the Blockchain For Banks and Financial Institutions
While Ripple is an established large-cap project, it is also one of the best and cheapest cryptocurrencies to buy now.
Founded in 2012, Ripple facilitates cross-border payments for banks and financial institutions. Hundreds of institutions are already testing Ripple, including Siam Commercial Bank, JPMorgan Chase, Standard Chartered, and Santander.
Simply put, Ripple allows banks to streamline cross-border payments, even when using two different currencies. The technology supports payment times of just 3-5 seconds, and each transaction costs a fraction of a cent. XRP powers the Ripple network by providing liquidity for cross-currency payments.
XRP currently has a market capitalization of over $26 billion. This puts the price of XRP at just $0.50 per token.
That said, XRP was valued at over $120 billion during the 2017 cryptocurrency bull market. This valued XRP at an all-time high of $3.84. Therefore, XRP continues to trade at unprecedented discounts.
11. Shiba Inu (SHIB) – Cheap Meme Coin Project with Growing Use Cases
Founded in 2020, Shiba Inu is a meme coin that became a multi-million dollar project within a year of its launch. The project uses the Shiba Inu dog breed as its logo. Shiba Inu has one of the largest communities in the crypto space, allowing the project to surpass a $40 billion valuation during the last bull market.
Shiba Inu has a total supply of one quadrillion tokens. In turn, it is the cheapest cryptocurrency to buy in 2024. For example, SHIB is currently trading at just $0.000007663.
This means that a small investment of just $100 would produce over 11 million tokens. Although Shiba Inu is currently valued at over $4.5 billion, this represents a 90% decline from its 2021 peak.
However, those who wish to buy Shiba Inu at reduced prices can now do so. Additionally, Shiba Inu is developing a series of features that will allow it to go from being a meme coin to a utility token.
This includes a decentralized metaverse that will allow SHIB holders to purchase virtual plots. Shiba Inu has also launched a decentralized exchange: ShibSwap.
12. Stellar (XLM): Fast and Scalable Payments System For Consumers and Businesses
Stellar is an established blockchain project with one of the most efficient payment networks in the industry. Serving both consumers and businesses, Stellar transactions take seconds to process and at a fee of just 0.00001 XLM.
Based on current market prices of $0.012, this means that Stellar transactions cost micro cents. This is true regardless of the amount being transferred.
Additionally, Stellar allows users to transfer fiat currencies across its network. XLM acts as a liquidity bridge, keeping transactions cheap and fast.
Stellar’s framework continues to attract the attention of large organizations, with partnerships already secured with IBM and MoneyGram. The latter allows users to send money to developing countries without having to pay unethical fees.
Currently, Stellar has a market capitalization of just over $2 billion. When compared to its 2021 all-time high of over $17 billion, this offers investors a nearly 90% discount.
The total supply of XLM is just over 50 billion. Of this figure, almost 27 billion XLM are currently in circulation.
13. SushiSwap (SUSHI) – Decentralized Exchange Aggregator Supporting Token Swaps and Loan Returns
SushiSwap is a decentralized exchange that was launched in 2020. It allows users to exchange cryptocurrencies on a cross-chain basis without going through third parties.
Instead, all SushiSwap transactions are made through liquidity pools. SushiSwap supports more than a dozen blockchain standards, including Ethereum, Fantom, Binance Smart Chain, Arbitrum, and Polygon.
SushiSwap has also launched an aggregator protocol. This means that SushiSwap will secure the best market rates from a variety of decentralized exchanges. Users just have to decide which tokens they want to trade, and SushiSwap will show the most competitive prices.
SushiSwap is also great for earning interest on idle cryptocurrencies. For example, those funding the USDC/ETH liquidity probe will currently earn a yield of 5.47%.
SUSHI tokens fuel the SushiSwap ecosystem, allowing their holders to make governance decisions. SUSHI is also the investment token that offers exposure to the project.
Currently, SUSHI is trading at just $0.56, giving it a market capitalization of $131 million.
14. Gala (GALA) – Blockchain Ecosystem For Play-to-Earn Games and Tokenized Ownership
Founded in 2018, Gala has developed a blockchain-based ecosystem for games. Currently, 28 games are supported across a variety of genres.
All Gala games follow the play-to-earn concept, meaning players can earn rewards for their efforts. Rewards are paid in the project’s native token, GALA.
This promising crypto project also allows players to own the in-game assets they purchase or win. This is because the game assets are backed by NFTs on the Ethereum blockchain.
According to Gala, more than $2.2 billion worth of GALA token rewards have been distributed to date.
In terms of valuation, Gala currently has a market capitalization of over $378 million. This small-cap project has generated nearly 2,000% growth since 2020.
That said, Gala is trading at a fraction of its previous valuation of $5 billion, which it reached during the previous bull market. As such, those who invest today will secure a discount of over 95%.
What is a Cheap Cryptocurrency?
Cheap cryptocurrencies typically trade at a low market value, often a fraction of a dollar. This is in contrast to expensive cryptocurrencies like Bitcoin and Ethereum. After all, just purchasing a BTC or ETH token requires a huge initial investment.
The term “cheap crypto” can refer to various types of digital currencies. In most cases, cheap cryptocurrencies have a low token price, making them attractive to casual investors. This is because investors can shell out a small amount of capital and still secure a large number of tokens.
That said, cheap cryptocurrencies can also refer to projects that are trading at huge drops from their previous highs. This is usually due to broader bearish cycles. For example, we mentioned earlier that Gala is trading at more than 95% below its previous $5 billion transaction. Due to the discount offered, Gala could be considered a cheap cryptocurrency to buy.
Cheap cryptocurrencies can also be found in pre-sale campaigns. Similar to stock IPOs, cryptocurrency presales sell their native tokens to early investors at a discounted price.
This encourages investors to enter the pre-sale early. For example, the Wall Street Memes pre-sale has already raised more than $6 million.
Are Cheap Cryptocurrencies a Good Investment?
The main advantage of buying cheap cryptocurrencies is that they allow investors on a budget to secure a large number of tokens. For example, while Bitcoin trades for tens of thousands of dollars, some of the best cheap cryptocurrencies are valued at a fraction of a cent.
Let’s explore whether or not cheap cryptocurrencies represent a viable long-term investment.
Increased Token Allocation
Cheap cryptocurrencies allow casual investors to secure a large number of tokens. This is especially the case when compared to cryptocurrencies like Bitcoin, which trade for tens of thousands of dollars.
- For example, consider that investing $100 in Bitcoin today would yield only 0.003 of 1 BTC.
- The same $100 investment in the yPredict pre-sale would yield over 1,000 YPRED tokens.
- While a $100 investment in the Ecoterra pre-sale would secure more than 11,000 ECOTERRA tokens.
Ultimately, there is little motivation to own a small fraction of a cryptocurrency. This is why cheap cryptocurrencies remain a popular alternative for casual investors.
Undervalued Crypto Projects
Cheap cryptocurrencies also allow investors to purchase tokens at undervalued prices. This is often due to bear market conditions causing projects to lose significant amounts of value.
For example, during the 2021 bull market, Shiba Inu surpassed a market capitalization of over $40 billion. But today, the same cryptocurrency is valued at $5 billion. In turn, investing in Shiba Inu today ensures an 87% discount from its bull market highs.
There are no guarantees that Shiba Inu will regain its previous high. But history suggests that many cryptocurrencies recover once the next bull market hits.
Therefore, cheap cryptocurrencies offer an attractive entry point in anticipation of the next bullish trend.
Invest in New Projects From Scratch
Cheap cryptocurrencies are usually linked to brand-new projects that have just been launched on the market. This is also the case for pre-sale projects that are not yet listed on the stock exchange.
For example, we mentioned earlier that Wall Street Memes and AiDoge could be two of the best crypto presales in 2024. Both projects are offering their native tokens at a discounted entry price before going public.
Additionally, they have small market caps, giving long-term investors plenty of upside to target.
Diversification strategy
Cheap cryptocurrencies are also ideal for diversified strategies. This is due to the low price of the tokens offered.
For example, we looked at 12 of the best cheap cryptocurrencies to buy across multiple niches and use cases. From Wall Street Memes and AiDoge to Anarchy and Shiba Inu, cheap cryptocurrencies allow for diversification without breaking the bank.
This helps mitigate risk and increases the chances of selecting the next cryptocurrency to explode.
How to Buy the Best Cheap Cryptocurrencies – Wall Street Memes Tutorial
There are two different ways to buy cheap cryptocurrencies. Tokens that are already trading on the market can be purchased on cryptocurrency exchanges. While pre-sale tokens can be purchased directly from the project.
In this section, we explain how to invest in the Wall Street Memes pre-sale, which is the best cheap crypto to buy now.
Step 1: Download Metamask Wallet
The Wall Street Memes pre-sale requires investors to connect their cryptocurrency wallet to complete the purchase.
Although many wallets are supported, we prefer MetaMask. This wallet will appeal to both beginners and experienced traders. It is free to download and use and has an iOS/Android app and web browser extension.
Download your preferred wallet type from the MetaMask website. Open the wallet and create a password. Finally, type the backup passphrase displayed.
Step 2: Add Ethereum/USDT/BNB to MetaMask
Next, add some crypto tokens to the MetaMask wallet. The Wall Street Memes pre-sale accepts ETH, BNB, and USDT. We will use ETH for this tutorial.
Those who need to buy ETH can do so at any cryptocurrency exchange.
Either way, after purchasing ETH, open MetaMask and copy the wallet address. Request a withdrawal from the exchange where you purchased ETH. Paste the MetaMask wallet address and confirm the withdrawal.
The ETH will then be transferred to the MetaMask wallet.
Step 3: Set Up the Pre-sale Order
Next, head to the Wall Street Memes pre-sale page and choose your payment currency.
Next, enter the number of tokens (ETH/BNB/USDT) you want to redeem for $WSM. The equivalent number of $WSM tokens will be updated in the order form.
Step 4: Buy Wall Street Memes Tokens
Click the “Buy Now” button and select MetaMask as your preferred wallet.
Doing so will bring up a MetaMask notification on your device. Click on it and review the transaction details.
This should reflect the order form that was filled out in the previous step.
After confirming the transaction, the crypto will be transferred. This means that the investment in the pre-sale of Wall Street Memes has been a success.
Return to the Wall Street Memes website after the pre-sale is over and claim the tokens.
Conclusion
Cheap cryptocurrencies come with many benefits, including access to undervalued projects and those with a small token price. Diversification is also easy when purchasing cryptocurrencies, especially for those on a limited budget. Overall, we rank Wall Street Memes as one of the best cheap cryptocurrencies to buy.
It is a new community-focused meme coin designed to provide investors with upside potential with a low pre-sale price of just $0.0337 USDT. As investors rush into pre-sales, the platform has raised more than $25 million in just over 13 weeks.