Best Cheap Cryptocurrencies to Buy in 2024

You may be wondering if it's still possible to find good, cheap cryptocurrencies worth buying in 2024. The answer is yes, but you need to know where to look. While the crypto market has seen significant growth, there are still several low-cost options with strong potential for the future. In this guide, we’ll explore some of the most promising low-priced cryptocurrencies that you can add to your portfolio today, and why they might offer strong returns. But first, let’s dive into why cheap doesn’t always mean bad and why these assets are often underestimated.

Cryptocurrencies like Bitcoin and Ethereum, despite their incredible returns in the past, are now prohibitively expensive for many new investors. This is where cheap cryptos come into play. These lower-priced options are attractive because of their potential to appreciate significantly over time. Often overlooked, they can sometimes provide higher percentage returns than their pricier counterparts.

So, what makes a cheap cryptocurrency worth buying? Factors like the coin’s use case, team, technology, and community support all come into play. Here are some of the top affordable cryptocurrencies that could potentially see massive growth in 2024.

1. VeChain (VET)

VeChain is an established project in the crypto world, focused on supply chain management and logistics. Its low price point coupled with strong partnerships in industries like luxury goods, food safety, and pharmaceuticals makes it an attractive investment.

Key Stats:

• Price (2024): $0.02
• Market Cap: ~$1.3 billion
• Use Case: Supply chain management

VeChain has partnerships with giants like BMW and Walmart China. It allows businesses to track products and ensure authenticity. This gives it a real-world use case, which is crucial for long-term sustainability. As more companies adopt blockchain for logistics, VeChain is poised to grow.

2. Dogecoin (DOGE)

Yes, the meme coin that refuses to go away. While initially created as a joke, Dogecoin has built a massive, dedicated community and is accepted by a growing number of businesses, including Tesla and SpaceX for certain transactions.

Key Stats:

• Price (2024): $0.06
• Market Cap: ~$8 billion
• Use Case: Peer-to-peer payments

While Dogecoin might not have the most sophisticated technology, its community-driven nature and celebrity endorsements (think Elon Musk) keep it relevant. And at its current price, it could be a low-risk entry for beginners.

3. Shiba Inu (SHIB)

Like Dogecoin, Shiba Inu started as a meme coin but has developed into more. The project’s roadmap includes decentralized finance (DeFi) applications, a decentralized exchange (DEX), and even its own metaverse plans. While still very much speculative, the community behind Shiba Inu continues to grow.

Key Stats:

• Price (2024): $0.000007
• Market Cap: ~$4 billion
• Use Case: Meme, DeFi, NFTs

Investors are drawn to SHIB for its low cost and potential to gain as more products and services are developed around it. Its meme coin status adds to its viral potential, but its development plans make it a little more than just a joke.

4. Cardano (ADA)

Cardano, developed by Ethereum co-founder Charles Hoskinson, has long been seen as one of the most scientific and academically-driven blockchain projects. With a focus on sustainability, scalability, and interoperability, Cardano has the potential to see substantial growth in the long term.

Key Stats:

• Price (2024): $0.25
• Market Cap: ~$8.9 billion
• Use Case: Smart contracts, DeFi

Cardano's biggest appeal lies in its rigorous academic approach to blockchain development. It's one of the most energy-efficient blockchain platforms out there, which is a big draw as sustainability becomes more critical.

5. Stellar (XLM)

Stellar is designed for cross-border transactions, making it a direct competitor to Ripple (XRP). Stellar focuses on financial inclusion by offering low-cost and fast transactions, particularly in underbanked regions.

Key Stats:

• Price (2024): $0.12
• Market Cap: ~$3.2 billion
• Use Case: Cross-border payments

Stellar’s partnership with major companies like IBM and its focus on making financial services more accessible to the world’s unbanked population make it a solid long-term bet.

6. Basic Attention Token (BAT)

BAT is the native token of the Brave browser, a blockchain-based browser that rewards users for watching ads. As the world becomes more privacy-conscious, Brave has seen significant adoption, and BAT stands to benefit.

Key Stats:

• Price (2024): $0.18
• Market Cap: ~$270 million
• Use Case: Digital advertising

The Brave ecosystem already has millions of users, and as more people switch to privacy-focused solutions, BAT’s adoption could increase, making it a sleeper hit in the world of digital advertising.

7. Algorand (ALGO)

Algorand is a high-performance blockchain that focuses on speed, security, and scalability. The project aims to solve some of the most pressing issues in the blockchain space, such as network congestion and high transaction fees.

Key Stats:

• Price (2024): $0.10
• Market Cap: ~$770 million
• Use Case: Smart contracts, DeFi

With its fast-growing ecosystem, Algorand is becoming a go-to platform for decentralized finance applications. Its emphasis on being carbon-negative also resonates with investors looking for eco-friendly investments.

Conclusion: Should You Buy Cheap Cryptocurrencies?

While low-cost cryptocurrencies may not have the same allure as high-priced coins like Bitcoin or Ethereum, they often offer greater potential for percentage gains. Diversification is key when investing in crypto, and adding a few of these low-priced options to your portfolio might provide you with solid returns in the coming years.

It's essential to do your own research and consider the long-term potential of these projects. Many cheap cryptos are speculative, but those with real-world use cases and strong communities stand a good chance of rising in value over time. So, take a closer look at projects like VeChain, Dogecoin, and Cardano, and decide if they fit your investment goals.