News
The cheapest cryptocurrency in the world
Interesting to know what is the cheapest cryptocurrency to buy in 2024? Check out our top 7 low-cost cryptocurrencies with growth potential.
Bitcoin (Bitcoin) was recently in the news 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 capitalization at over $1.3 trillion.
Such a high price might put Bitcoin out of reach of 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 present a discussion of the 7 cheapest cryptocurrencies to buy. Read on to learn more.
The cheapest cryptocurrency in the world
There are currently more than 2.4 million cryptocurrencies, as indicated by cryptocurrency price tracking website CoinMarketCap.
In terms of which cryptocurrency is the cheapest, data from CoinMarketCap shows that as of this writing, Elon’s Cat (CATME), an Elon Musk-inspired meme coin, was trading at $0.0000000000000000000000002318. This price makes it the cheapest cryptocurrency in the world.
Giving CATME a run for its money is OSL AI (OSL). According to information on CoinMarketCap, OSL is issued by BC Technology, a company that offers cryptocurrency custody and brokerage services for the Asian market.
Five cheapest cryptocurrencies | Source: CoinMarketCap
In third place on our list of the cheapest cryptocurrencies in the world is another meme coin, Doge Satellite Inu (DOGE).
At the time of this writing, one OSL was priced at $0.000000000000000000003242. The token has a self-declared circulating supply of 42,069,000,000,000 OSL, giving it a market value of $13,630.36.
Not to be confused with the original meme coin Dogecoin (DOGE) bearing the same stock symbol, Doge Satellite Inu is priced at $0.0000000000000000000004273 with a self-reported circulating supply of 999.6 trillion DOGE.
Interestingly, another lower priced cryptocurrency carries the DOGE tag. Known as Dogecoin
Rounding out our roundup of the five cheapest cryptocurrencies currently on the market is BNBsongoku (BNBSONGOKU), a deflationary token on the Binance Smart Chain (BSC). Information provided by CoinMarketCap regarding the token shows that it launched in October 2023 with a total supply of “ten septillion” units.
The project behind the token has a stated mission to help reduce carbon dioxide emissions and promote the use of green energy. At the time of writing, one BNBSONGOKU was trading at $0.000000000000000000008127.
Top 7 cheapest cryptocurrencies to buy
The coins above are largely mentioned for informational purposes only. It would not be advisable to invest your money in any of them unless you can verify their authenticity and get more data regarding their market performance.
However, if you are interested in some of the lowest priced cryptocurrencies in the world that you could potentially invest funds in, then the following list should be more helpful:
1. Ripple (XRP)
Waviness (XRP) is a peer-to-peer payment platform designed to replace systems like SWIFT. Launched in 2012, the platform allows instant cross-border transfers in various currencies.
Its native token,
Currently, XRP is priced at $0.5243, a discount of nearly 85% to its all-time high price (ATH).
The coin has a maximum supply of 100 billion units and a fully diluted valuation of $52.4 billion. Its high utility and low price make XRP a great entry point for new investors.
2. Cardano (ADA)
Cardan (ADA) is a proof-of-stake (PoS) blockchain known for its scalability and smart contract support. Blockchain is also recognized for its efficiency and potential to handle up to 2 million transactions per second.
Charles Hoskinson founded Cardano, launching it 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 capitalization of over $16.3 billion, it is one of the lowest priced cryptocurrency with the highest market value.
Unlike data by CoinGecko.
3. The graph (TSL)
The graph (GRT) is an indexing protocol for querying blockchain data, often called the “Google of blockchains”. It was launched in 2018, while its native token, GRT, will be released in 2020.
The graph intact with several blockchains and has a strong governance structure supported by The Graph Council and The Graph Foundation.
GRT currently trades at $0.2987, which, while more than 89% below its ATH, is still 474% higher than its all-time low price (ATL) of $0.05205 from November 2022 .
A market capitalization of $2.8 billion places GRT 49th on the list of the largest cryptocurrencies by market value, placing it among the cheapest coins to purchase among the top 100.
4. Tron (TRX)
Tron (TRX) is a blockchain platform aimed at decentralizing the Internet using a proof-of-stake (DPoS) delegated consensus mechanism.
Justin Sun, crypto personality and former Permanent Representative of Grenada to the World Trade Organization (WTO), launched Tron in 2017. The network then transitioned from Ethereum (ET), 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 capitalization just above 10 billion of dollars.
Over the past year, the price of TRX has increased by approximately 45.3%, but it still remains one of the lowest priced cryptocurrencies in the world, especially considering that its market capitalization places it in 16th place among currencies digital products of greater value.
5. Stellar (XLM)
Stellar (XLM) is an open source payments network that facilitates quick and cheap cross-border transfers. It was launched in 2014, with XLM as the native token.
Stellar has grown significantly over the years, processing billions of transactions and establishing key partnerships, including with MoneyGramCircle and Franklin Templeton.
XLM currently changes hands at $0.1062, nearly 88% lower than its ATH price of $0.8756 reached in 2018 and 22219.7% higher than its ATL level of $0.0004761 from March 2015.
According to data from CoinGecko, although it is still one of the lowest priced coins among the top 100 cryptocurrencies in terms of market capitalization, XLM’s current value still reflects a 21% increase in value compared to a year ago.
6. Gala (GALA)
Next on our list of the 7 cheapest cryptocurrencies to buy is Gala (GALA), a blockchain gaming platform where users control game items and developments.
The GALA token, which can be used to purchase non-fungible tokens, NFTs, and gaming assets, is trading at around $0.04545, with a market capitalization of $1,613,994,445.
The price is a 95.5% decline from GALA’s all-time high valuation of $0.8248 per token, a level reached in November 2021.
Therefore, purchasing the project at this stage represents a substantial discount, especially for a coin that regularly reaches daily trading volumes above $100 million, signifying its continued popularity among cryptocurrency traders.
7. ANKR (ANKR)
Ankr Network (ANKR), founded in 2017 by Chandler Song, focuses on simplifying web3 development. It provides a blockchain-based cross-chain infrastructure that supports the development of decentralized finance (defi) and decentralized apps (dapps).
Ankr also features a episode protocol, Stkr, which supports ETH staking and offers high liquidity for Ethereum 2.0 stakers.
Its native ANKR token is also one of the cheapest cryptocurrencies in the world, notably among the top 200 largest coins by market capitalization.
Currently priced at $0.04495, ANKR has a market valuation of $449 million and above $80 million in the total value locked (TVL).
Its latest price also reflects an 87% increase over last year and a 6245.5% improvement from its all-time low on March 13, 2020.
Disclosure: This article does not constitute investment advice. The contents and materials on this page are for educational purposes only.
Final thoughts
Investing in cryptocurrency doesn’t have to be an expensive venture. While Bitcoin may dominate headlines with its jaw-dropping price and market capitalization, there are numerous low-cost cryptocurrencies that offer significant growth potential.
This guide has highlighted some of the world’s cheapest cryptocurrencies in 2024. From Ripple’s robust payment platform to Cardano’s scalable blockchain, each of these cryptocurrencies offers unique value and opportunities for both new and experienced investors.
However, while low prices can be attractive, it is important to conduct thorough research and consider the long-term potential of any cryptocurrency investment before investing your funds. By staying informed and strategic, you can navigate cryptocurrencies and find the best opportunities that align with your investment goals.