10 Cheapest Crypto to Buy Now Under 1 Cent
Discover the world of cryptocurrency with our list of the 10 cheapest cryptocurrencies to buy now, all priced under 1 cent. These low-cost options provide an accessible entry point for beginners and investors looking to diversify their portfolios without breaking the bank. Despite their low price, these cryptocurrencies offer growth potential and are backed by innovative technologies and strong communities.
From established names to emerging projects, this list covers a range of options to suit different investment preferences and risk appetites. Whether you’re intrigued by the concept of digital currencies or seeking to explore new investment opportunities, these affordable cryptocurrencies present an exciting starting point. With careful research and strategic investment, these coins could potentially yield significant returns in the ever-evolving world of cryptocurrency.
What is Crypto?
Cryptocurrency, often simply referred to as crypto, is a form of digital or virtual currency that uses cryptography for security. Unlike traditional currencies issued by governments (fiat currencies), cryptocurrencies operate independently of any central authority or government. Instead, they rely on a decentralized technology called blockchain to record transactions and manage the issuance of new units.
Cryptocurrencies utilize cryptographic principles to secure transactions, control the creation of new units, and verify the transfer of assets. This technology enables users to send and receive payments securely and anonymously, without the need for intermediaries like banks. The most well-known cryptocurrency is Bitcoin, which was created in 2009. Since then, thousands of other cryptocurrencies have been developed, each with its own unique features and purposes. Cryptocurrencies have gained popularity for various reasons, including their potential for investment, their use in online transactions, and their ability to provide financial services to individuals who lack access to traditional banking systems.
10 Cheapest Crypto to Buy Now Under 1 Cent
1. Axelar (AXL)
Axelar (AXL) has experienced significant fluctuations over the last year, showcasing a dynamic journey in its pricing. During this period, the price surged by 12%, demonstrating a consistent upward trend. It has consistently traded above the 200-day simple moving average, indicating a sustained positive market momentum. Out of the last 30 days, 23 saw gains, representing a strong 77% positive performance.
Moreover, AXL boasts high liquidity, highlighted by its substantial market capitalization. It is actively traded on the KuCoin platform, driving a significant trading volume of $17.45M within 24 hours. Currently, Axelar holds a market cap of $339.15M, capturing a 0.02% market dominance.
In contrast, the highest price since this low point reached $0.743866, marking a cycle high. Regarding market sentiment, Axelar’s price prediction leans towards a bullish outlook. Additionally, the Fear & Greed Index stands at 73, indicating a state of greed within the market.
2. TRON (TRX)
In 2023, Tron made significant progress, becoming the second-largest L1 platform with substantial growth in TVL. Starting at $4.1 billion in January 2023, it surged to $7.9 billion by October 2023, marking a robust 91.6% increase yearly.
The notable surge in TVL is mainly attributed to JustLend and JustStables, the primary protocols on Tron. These protocols have propelled TRX to 120.6% and 80.2% growth rates since January 1, 2023. As such, they collectively account for 93.9% of Tron’s TVL, dominated by three specific addresses within JustLend.
Moreover, this surge aligns with TRX’s recent uptrend. Tron is valued at $0.106287, boasting a 24-hour trading volume of $562.49M and a market cap of $9.82B. It boasts a market dominance of 0.68%, signaling a positive market trajectory. Over the last 24 hours, TRX experienced a 3.46% increase in value.
TRON’s historical data revealed its peak price of $0.302062 on January 5, 2018. Conversely, its lowest recorded price was $0.001091 on September 15, 2017. Notably, its lowest price since the all-time high was $0.007350 (cycle low), while the highest post-cycle low was $0.179725 (cycle high). The current sentiment regarding TRX’s price prediction is bullish, accompanied by a Fear & Greed Index reflecting 73 (Greed).
Highlights encompass TRX’s impressive 100% price increase over the past year. In addition, it sustained trading above the 200-day simple moving average, boasting a positive performance compared to the token sale price. Tron also witnessed 19 green days in the last 30 days (63%) and had high liquidity supported by its market cap.
3. Meme Kombat (MK)
Meme Kombat is a platform that combines gaming and cryptocurrency, offering users a unique blend of engagement opportunities. At its core, the platform incorporates active betting and passive staking mechanisms, allowing participants to earn rewards.
During the presale phase, Meme Kombat introduced a staking feature with an Annual Percentage Yield (APY) of 112%. This was designed to incentivize early contributors before the official launch of the platform’s battles feature.
The platform focuses on meme-based battles, with the first season featuring 11 memes competing for top rankings. Plans for future seasons include introducing new features to maintain user interest and create additional earning opportunities.
The strong participation during the presale phase indicates a growing interest in the platform, suggesting potential for expansion as Meme Kombat’s unique features gain popularity. The integration of gaming and cryptocurrency has garnered attention in the crypto community.
Furthermore, the significance of the MK token within the ecosystem suggests potential growth in the broader cryptocurrency landscape. Meme Kombat’s innovative approach to combining gaming and cryptocurrency has been well-received. The success and appeal of the coin presale position it as an intriguing option in the current cryptocurrency landscape.
4. Memecoin (MEME)
Memecoin is currently trading near its cycle high, indicating strong liquidity based on its market cap. The price of Meme is currently at $0.029978, with a 24-hour trading volume of $123.59 million. Its market capitalization is $263.73 million, representing a market dominance of 0.02%.
Additionally, sentiment surrounding Memecoin’s price prediction is bullish, with the Fear & Greed Index at 73, indicating a sentiment of greed among investors.
In terms of supply, there are currently 8.80 billion MEME in circulation out of a maximum supply of 69.00 billion MEME. Memecoin is ranked #6 in the Meme Coins sector based on market capitalization.
5. Enjin Coin (ENJ)
Enjin Coin, currently priced at $0.287972 with a market cap of $287.97 million, shows promising trends in recent trading indicators. It remains above its 200-day simple moving average and demonstrates positive performance relative to its token sale price. Over the past 30 days, it has had 17 green days, indicating a 57% positive trend.
The coin also displays healthy liquidity, contributing significantly to its overall profile. The latest 24-hour trading volume is $48.65 million, showing a 6.34% increase in the past day, indicating ongoing market activity.
In terms of historical price movements, Enjin Coin reached its all-time high of $4.84 on Nov 25, 2021, and its all-time low of $0.015514 on Nov 2, 2017. Post its all-time high, the lowest price reached was $0.199804 (cycle low), while the highest price since then hit $0.329083 (cycle high).
Market sentiment appears bullish for Enjin Coin, complemented by a Fear & Greed Index reading of 73 (Greed). With a circulating supply of 1.00 billion ENJ out of a total supply of the same, Enjin Coin is ranked #51 in Ethereum (ERC20) Tokens.
6. Flux (FLUX)
Flux currently has a market valuation of $175.36 million and a price of $0.518780, showing significant price fluctuations recently. It has increased by 17% in the last year, positioning it among the top half of the top 100 cryptocurrency assets. Its consistent trading above the 200-day simple moving average indicates relative strength and stability in the market.
Flux has experienced positive movement on 16 days in the past month, indicating a 53% frequency of positive trading. This, coupled with its proximity to a cycle high, suggests a recent increase in optimism. Additionally, Flux maintains strong liquidity, with a 24-hour trading volume of $35.94 million and market capitalization.
In terms of supply dynamics, Flux has a circulating supply of 338.02M out of a maximum of 440.00M FLUX. The yearly supply inflation rate is 19.95%, resulting in the creation of 56.22M FLUX last year.
7. Shiba Inu (SHIB)
Shiba Inu (SHIB) emerged in 2020 as an experiment in decentralized community building, originating as a meme coin. However, it has since transformed into a thriving and dynamic crypto ecosystem. Today, Shiba Inu stands out as one of the most active and robust ecosystems in the cryptocurrency industry, offering a range of features and opportunities for users.
One of Shiba Inu’s key strengths is its strong community, which has played a vital role in its growth and development. Additionally, the ecosystem includes a dedicated decentralized exchange (DEX), NFT marketplace, and metaverse features, providing users with diverse avenues for engagement and investment.
Furthermore, the recent launch of Shibarium, a layer 2 solution, has further enhanced the ecosystem’s capabilities and scalability. These factors contribute to the argument that SHIB is one of the best crypto investments under 1 cent in 2024.
At its current price of roughly $0.000007, investing in Shiba Inu presents the potential for significant returns if the coin were to reach 1 cent or even the $1 milestone in the future.
8. Baby Doge Coin (BABYDOGE)
Baby Doge Coin (BABYDOGE) is a cryptocurrency inspired by Dogecoin, aiming to enhance the original meme coin with improved transaction speeds, hyper-deflationary tokenomics, an integrated staking system, and, of course, an adorable appeal. One of its key features is its incentive mechanism, which automatically redistributes 5% of each transaction to BABYDOGE holders.
During the bear market of 2022–2023, Baby Doge Coin introduced several new features, such as a chess game and an AI image generator, and revamped its website and token-burning portal, among other enhancements. Despite the challenging market conditions, the token outperformed over 50% of the top 100 largest market-cap digital assets, including popular ones like Dogecoin, Solana, and Shiba Inu. This performance suggests that once the market trend reverses, BABYDOGE could experience a significant price increase.
Furthermore, BABYDOGE is currently the cheapest cryptocurrency priced under 1 cent, making it an attractive option for investors looking for potentially explosive meme coin candidates.
9. Floki Inu(FLOKI)
Floki Inu (FLOKI) is a meme coin project launched by former members of the Shiba Inu community. It aims to combine real utility with charitable initiatives, empowering ordinary people rather than VCs and hedge funds, as its tagline suggests. While opinions may vary, it’s undeniable that Floki Inu has experienced significant growth over the past year.
One of Floki Inu’s key developments is the launch of Valhalla, an NFT-powered metaverse, along with an NFT marketplace and a crypto locker protocol. These additions have contributed to its growth and popularity.
What sets Floki Inu apart from other doge meme-inspired coins is its burn wallet, which increases in proportion to the total number of FLOKI holders. This means that as the number of FLOKI holders increases, the price of the token also rises, creating a positive feedback loop.
10. Pepe Coin(PEPE)
Pepe Coin, launched in April 2023 as an ERC-20 token on the Ethereum blockchain, is a popular meme coin centered around the iconic Pepe the Frog meme. Unlike other cryptocurrencies that emphasize technological innovations or economic models, Pepe Coin leverages humor and viral internet memes to engage its community.
Since its inception, Pepe Coin has garnered attention within the cryptocurrency community, positioning itself as a competitor to other meme coins like Dogecoin and Shiba Inu. Despite not offering any unique utility, the Pepe Coin team describes it as “the most memorable meme coin in existence,” fueled by its memetic power and intended solely for entertainment purposes.
Notably, the Pepe Coin team consists of anonymous members, adding to the intrigue surrounding the project. Despite its lack of major ambitions, Pepe Coin has achieved significant success, becoming the third most successful meme coin on the market, trailing only behind Dogecoin and Shiba Inu.
Conclusion
In conclusion, the 10 cheapest cryptocurrencies under 1 cent present an enticing opportunity for investors seeking affordable entry points into the cryptocurrency market. While these coins may carry higher volatility and risk compared to more established cryptocurrencies, they also offer the potential for substantial gains. Investors need to conduct thorough research, considering factors such as the project’s technology, team, community support, and market trends before making investment decisions.
Diversification is also key, as spreading investments across different assets can help mitigate risk. As the cryptocurrency market continues to evolve, these low-priced coins could potentially see significant growth, making them an intriguing option for those looking to explore the possibilities of this rapidly expanding digital asset class.
