Cheapest Crypto to Buy in 2024 – With High ROI Potential

Most of the time, investors don’t want to get into risk and loss with cryptos that have high prices. Instead, they stick with cheap cryptocurrencies, which would bring more profit for a smaller investment. 

In today’s article, we will analyze the best cheap crypto to buy now, including a step-by-step investment plan. 

The Top 13 Cheapest Cryptos to Buy in 2024

  1. Dogecoin20 (DOGE20) – Fresh dog-themed meme coin with staking features, available in a presale for $0.00022.
  2. Sponge V2 (SPONGEV2) – Upgraded token version offers up high-staking APYs and a presale price of $0.002154.
  3. Bitcoin Minetrix (BTCMTX) – Cheap stake-to-mine crypto priced at $0.0143.
  4. Scorpion Casino (SCORP) – Novel cryptocurrency casino has raised over $9 million on presale.
  5. Poodl Inu (POODL) – Latest meme crypto with high staking rewards, raised $2M in days of launch.
  6. InsanityBets (IBET) – Promising utility token offering a unique gambling experience.
  7. Aleph Zero (AZERO) – Layer 1 blockchain is among the top 250 cryptos in terms of market cap.
  8. Ripple (XRP) – Decentralized crypto enables cross-border payments priced at $0.62.
  9. Shiba Inu (SHIB) – One of the top meme coins with a market cap of over $18 billion.
  10. Stellar (XLM) – Established crypto enables super-fast transactions, priced at $0.13.
  11. Sushiswap (SUSHI) – A decentralized exchange built on the Ethereum network, offers cross-chain functionality.
  12. Gala (GALA) – This project has developed a gaming ecosystem for blockchain-based games.

A Closer Look at the Best Cheap Crypto to Buy Now

1. Dogecoin20 – Fresh and Cheap Cryptocurrency With Staking Utility

Dogecoin20 ($DOGE20) is the latest and cheapest crypto to buy
at a price of $0.00022 during its presale. What makes it appealing is that it aims to emulate the success of Dogecoin.

Instead of proof-of-work, which the original Dogecoin utilized to mine new coins, Dogecoin20 uses proof-of-stake. This is an environmentally friendly way of earning passive income. Earn over 90% staking APY during the earliest stages of the presale. Note that the APY will drop significantly as more tokens are staked, making it prudent to stake as early as possible. 

Out of the total token supply of 140 billion, 15% is dedicated to staking rewards, which will distribute tokens for the next two years, per the Dogecoin20 whitepaper, while only 25% of the supply is available during the presale.

To participate in the presale, you need ETH, USDT, or a card. You can also use the BNB coin, but that will prevent you from earning the staking rewards. Follow Dogecoin20 on X and join their Telegram channel to get the latest information about this exciting meme coin.

Hard Cap $6,000,000
Total Tokens 140,000,000,000
Tokens available in ICO 35,000,000,000
Blockchain Ethereum Network
Token type ERC-20
Minimum Purchase None
Purchase with USDT, ETH, BNB, Card

2. Sponge V2 – New Token Version of a Popular Meme Coin With High Staking APYs and P2E Rewards

Sponge V2 ($SPONGEV2) is a renewed token version of the popular meme coin, Sponge, which rose to a market cap of almost $100 million in a few months. Now, the “reborn” token is being launched to offer staking rewards and gaming revenues. 

Existing V1 token holders can stake their tokens on the newly launched V2 smart contract to earn $SPONGEV2. For every $SPONGE you stake, the smart contract will offer an equal number of V2 tokens. At the time of writing, over 10 million tokens have been staked onto the contract. 

In the coming months, Sponge will also launch a play-to-earn racing game where players compete in racing tournaments. Those at the top of an online leaderboard will be rewarded with $SPONGEV2. From a total supply of 150 billion tokens – more than 50% will be offered as staking and P2E rewards. 

Currently, $SPONGEV2 is priced at just $0.002153 per token, which makes it the best low price crypto to buy in 2024. Join the Sponge V2 Telegram channel and Discord to stay updated with new platform information.

Hard Cap N/A
Total Tokens 150 Billion
Tokens available in ICO N/A
Blockchain Ethereum Network
Token type ERC-20
Minimum Purchase None
Purchase with USDT, ETH, Card

3. Bitcoin Minetrix – Stake-to-Mine Crypto Raised Over $12 Million on Presale

Bitcoin Minetrix ($BTCMTX) takes the #1 spot for the cheapest cryptocurrency that will explode in the following year. This innovative project is revolutionizing the cloud mining space by offering tokenized cloud mining credits.

$BTCMTX, the native token, can be staked on the Bitcoin Minetrix smart contract, where holders can start earning tokenized cloud mining credits. While the credits cannot be traded directly, they can be burned on the blockchain to earn allocated crypto mining times.

$BTCMTX has a total supply of 4 billion – 2.8 billion of which have been allocated for the ongoing presale. It is currently priced at only $0.0143. 

Since the start of the presale, Bitcoin Minetrix has raised more than $12 million. For more information on this crypto project, read the Bitcoin Minetrix whitepaper and join the Telegram and X channels. 

Hard Cap $32 Million
Total Tokens 4 Billion
Tokens available in ICO 2.8 Billion
Blockchain Ethereum Network
Token type ERC-20
Minimum Purchase $10
Purchase with USDT, ETH, BNB

4. Scorpion Casino – The Next Cheap Crypto that Will Explode With Up to $10,000 Staking Rewards

Scorpion Casio (SCORP) is an online casino with a presale that is nearly finished. The SCORP token allows users to become indirect casino owners, and they can participate in casino rewards depending on the casino’s revenue. 

Scorpion Casino aims to break down the barriers to casino exclusivity so all people can become involved and take part. It provides 30,000 betting opportunities monthly, including 210 casino games and 160 live games.

Since the start of the presale, Scorpion Casino has raised more than $9 million on presale. Currently, the SCORP token is priced at just $0.04.

The platform is regulated and licensed by the Curacao eGaming Authority. Additionally, the team has been KYC verified by Assure DeFi and also audited by SolidProof. More details can be found on the dedicated Telegram and X accounts. 

Token symbol SCORP
Presale supply 200,000,000 SCORP
Token type BEP-20
Payment methods ETH, USDT, BNB
Listing price $0.05

5. Poodl Inu – Latest Meme Crypto With High Staking Rewards

Poodl Inu ($POODL) is a novel dog-themed meme token on Ethereum that has captured massive investor attention. It is also one of the cheapest cryptos to buy right now, offering its native token $POODL at just $0.000885.

The platform raised over $2M in just a few days of launch, showing high community trust. Poodl Inu also has a lucrative staking program that offered an APY of over 119% at press time. The platform reserves 30% of the total supply for staking rewards to provide long-term value and engagement within its ecosystem.

The project also allocates funds for marketing and liquidity on decentralized exchanges (DEX) and shows its commitment to building a strong brand and community. This approach aims to position Poodl Inu alongside popular meme coins like Dogecoin and Shiba Inu.

Interested buyers can find more information about the platform’s goal, vision, and long-term plans in the Poodl Inu whitepaper. Users can stay updated on the latest updates and listing news through the Poodl Inu Telegram channel and its X account.

Total Tokens 6.9 Billion
Tokens available in presale 3.45 Billion
Blockchain Ethereum
Token Type ERC-20
Minimum purchase None
Purchase with ETH, USDT, BNB, Card

6. InsanityBets (IBET) – Promising Utility Token Offering A Unique Gambling Experience

InsanityBets is innovating in the GameFi and CasinoFi space by allowing users to be ‘the house’ on a decentralized, non-custodial platform.

It focuses on transparency and fairness for its users by integrating the Chainlink VRF to offer provably fair games.

The platform is designed for crypto gamers, blockchain bettors, and yield hunters. The $ILP is a unique protocol for users to deposit popular cryptos such as USDT, ETH, or BTC.

For the first time, the $ILP allows users to mint unique tokens that can be used as the house fund for the long term. This enables users to earn real yields from games and generates a flywheel effect, where users are also invested in the platform’s growth.

InsanityBets homepage

$IBET (the platform’s native token) is at the heart of the platform. There is a total supply of 5 billion $IBET tokens. 50% of these tokens are available to early investors in the ongoing presale at $0.0015 per $IBET.

Holders can stake and get a share of 35% of all trading fees while receiving trading discounts, game access, and PVP access.

InsanityBets offers a chance to earn a compounding return with a unique staking derivative called escrow $IBET. Buyers can enter the InsanityBets Telegram group and follow it on X (Twitter) to get the latest information on the project’s progress.

Token symbol IBET
Total supply 5 Billion
Presale supply 2.55 Billion
Network Arbitrum
Purchase methods N/A

7. Aleph Zero – Secure and Low-Cost Blockchain With DAG Technology

Aleph Zero (AZERO) is an enterprise-level public blockchain with private contract functionality. This allows it a large degree of versatility in what it can achieve, being suitable for a large number of customizable, large-scale projects. 

What makes it particularly suitable for government and enterprises is that it scales well without compromising on speed, cost, or security. This is a rarity in blockchain technology as, most often, there is a drawback in these areas.

Aleph Zero is very fast (0.9-sec transaction finality) and low-cost ($1.47 for 1 AZERO). In 2024, this token could be a favorite cheap crypto to buy among large institutions.

At the time of this writing, this token is #223 by market capitalization, a figure that could improve if it gains traction.

8. 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 cheap crypto to buy now. The platform facilitates cross-border payments for banks and financial institutions, including Siam Commercial Bank, JPMorgan Chase, Standard Chartered, and Santander. 

Ripple enables banks to streamline cross-border payments, even when two different currencies are being used. This crypto payment system has high transaction speed (just 3-5 seconds and each transaction costs a micro fraction of one cent. 

XRP fuels the Ripple network by providing liquidity for cross-currency payments. It currently has a market capitalization of over $34 billion, priced at just $0.62 per token.

XRP was valued at over $120 billion during the 2017 crypto bull market. This priced XRP at an all-time high of $3.84. As such, XRP is still trading at unprecedented discounts.

9. Shiba Inu (SHIB) – Cheap Meme Coin Project With Growing Use Cases   

Shiba Inu is a meme coin that became a multi-billion dollar project within a year of its launch. It has one of the largest communities in the crypto space, which enabled the project to surpass a valuation of over $40 billion during the last bull market.

Shiba Inu has a total supply of 589.29T tokens, and it is currently trading at $0.000032. This means that a small investment of just $100 would yield over 11 million tokens. 

Moreover, Shiba Inu is developing a range of features that will enable it to transition from a meme coin to a utility token. This includes a decentralized metaverse that will allow SHIB holders to buy virtual plots of land. Shiba Inu has also launched a decentralized exchange – ShibSwap.

Those looking to buy Shiba Inu at discounted prices can now do just that.

10. Stellar (XLM) – Fast and Scalable Payments System for Consumers and Businesses   

Stellar is an established blockchain project and one of the best cheap crypto to buy today. The system has one of the most efficient payment networks in the industry. 

Serving both consumers and businesses alike, Stellar transactions take seconds to process and at a fee of just 0.00001 XLM. Based on current market prices of $0.1376, this means Stellar transactions cost micro pennies. 

Stellar enables users to transfer fiat currencies via its network. XLM acts as a bridge of liquidity, keeping transactions cheap and fast. The Stellar framework continues to attract attention from major organizations, with partnerships already secured with IBM and MoneyGram. 

Currently, Stellar has a market capitalization of just nearly $4 billion. The total supply of XLM is just over 50 billion. Of this figure, almost 29 billion XLM are currently in circulation.

11. SushiSwap (SUSHI) – Decentralized Exchange Aggregator Supporting Token Swaps and Lending Yields   

SushiSwap is a highly rated decentralized exchange that enables users to swap cryptocurrencies on a cross-chain basis without going through third parties. It 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 rates in the market from a variety of decentralized exchanges. Users simply need to decide which tokens they want to swap, and SushiSwap will display the most competitive prices.

SushiSwap is also ideal for earning interest on idle crypto tokens. For example, those funding the USDC/ETH liquidity poll will currently earn a yield of 5.58%. SUSHI tokens fuel the SushiSwap ecosystem, enabling holders to make governance decisions. 

SUSHI is also the investment token offering exposure to the project. Currently, it trades at just $1.79, yielding a market capitalization of $345 million.

12. Gala (GALA) – Blockchain Ecosystem for Play-to-Earn Games and Tokenized Ownership    

Gala is a blockchain-based ecosystem that has developed 28 games (all supported across a variety of genres). Currently, investors can buy GALA tokens for a price of $0.0662.

All of the 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.

As the cheapest cryptocurrency right now, it also enables players to own the in-game assets they buy or earn. This is because in-game assets are backed by NFTs on the Ethereum blockchain. 

In terms of valuation, Gala currently has a market capitalization of over $2 billion. This crypto has grown by over 2,000% since 2020. 

What is a Cheap Crypto?

Cheap cryptocurrencies generally trade at a low market value, often a fraction of a dollar or in the dollar range. This is in contrast to expensive cryptocurrencies like Bitcoin and Ethereum. 

In most cases, cheap cryptocurrencies have a decreased token price, making them attractive to casual investors. This is because investors can outlay a small amount of capital but still secure a huge number of tokens.

Cheap cryptocurrencies can also refer to projects that trade at huge declines from their prior highs. This is usually due to broader bear market cycles. 

Cheap cryptocurrencies can also be found in presale campaigns. Similar to stock IPOs, crypto presales sell their native tokens to early investors at a discounted price. This incentivizes investors to enter the presale early.

Are Cheap Cryptos a Good Investment?

The main benefit of buying cheap cryptocurrencies is that they enable budget-conscious investors to secure a large number of tokens. For instance, while Bitcoin trades at tens of thousands of dollars, some of the cheapest coins to buy right now are valued at a fraction of a cent. With that said, here are some of the reasons why these cryptos represent a viable long-term investment:

  • Higher token allocation: Cheap cryptocurrencies enable casual investors to secure a large number of tokens. 
  • Undervalued crypto projects: Cheap cryptocurrencies also enable investors to buy tokens at undervalued prices. This is often because of bear market conditions that result in projects losing significant amounts of value, as was the case with Shiba Inu.
  • Invest in new projects from the ground up: Cheap cryptos are often tied to brand-new projects that have just been launched into the market. This is also the case with presale projects that are yet to be listed on exchanges. These projects often have discounted prices and have small market capitalizations, offering long-term investors plenty of upside to target.
  • Diversification strategy: Making a diversified portfolio of cryptos will help mitigate the risk and increase the chances of selecting the coins that will explode in the following years.

How to Buy the Best Cheap Crypto – Dogecoin20 Tutorial

There are two different ways to buy cheap cryptocurrencies. Tokens that are already trading in the market can be bought on crypto exchanges, while presale tokens can be purchased directly from the project. In this section, we will explain how to invest in the Dogecoin20 presale, which is the best cheap crypto to buy now:

  • Download MetaMask wallet: While many wallets are supported, we prefer MetaMask. This wallet will appeal to beginners and seasoned traders alike. It’s free to download and use and is supported by an iOS/Android app. Download the preferred wallet type from the MetaMask website. Open the wallet and create a password.
  • Add Ethereum/USDT/BNB to MetaMask: Add some crypto tokens to the MetaMask wallet. The Dogecoin20 presale accepts ETH, BNB, and USDT. Our choice is ETH. After buying ETH, open MetaMask, copy the wallet address and then request a withdrawal from the exchange where ETH was purchased. Paste in the MetaMask wallet address and confirm the withdrawal. The ETH will then be transferred to the MetaMask wallet.
  • Set up the presale order: Head over to the Dogecoin20 presale page and choose the payment currency. Then, type in the number of tokens (ETH/BNB/USDT) that you wish to swap for $DOGE20. The equivalent number of $DOGE20 tokens will be updated on the order form.
  • Buy $DOGE20 tokens: Click on the ‘Buy Now’ button, select MetaMask as the preferred wallet, and review the transaction details. After confirming the transaction, the crypto will be transferred. Return to the Dogecoin20 website after the presale finishes, and claim the tokens

Conclusion

While our guide has provided a detailed analysis of up-and-coming assets, the best cheap crypto to buy now would require investors to do their own research on market trends, whitepapers, and benefits, as well as a good strategy plan on how to minimize their investment risk. 

Our top pick on today’s market is Dogecoin20 because not only does it offer a cheap presale price but it’s also a meme coin, which have recently seen huge returns of over 200% per week. 

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Kane Pepi
Editor

Kane Pepi is an accomplished financial and cryptocurrency writer who has an extensive portfolio of over 2,000 articles, guides, and market insights. With his expertise in specialized subjects such as asset valuation and analysis, portfolio management, and financial crime prevention, Kane has built a reputation for providing clear explanations of complex financial topics. He holds a Bachelor's Degree in Finance and a Master's Degree in Financial Crime, and is currently pursuing his Doctorate degree, which focuses on investigating the complexities of money laundering in the cryptocurrency and blockchain technology sectors. Kane's wealth of knowledge and experience in the field make…