Top cryptocurrencies like Bitcoin, Ethereum and Polygon have generated huge profits for their early investors. However, while they still have good profitability potential, we can hardly expect a repeat of the truly impressive results they showed early on. But that doesn't mean that we won't see similar opportunities again. New or undervalued cheap cryptocurrencies sometimes pleasantly surprise their investors. Besides, we shouldn't forget about low market cap crypto with huge potential. In this article, we'll tell you about the best cheap cryptocoinsto buy today, which could bring good profits in the future.

What is the best cheap crypto to buyrightnow?

Before discussing the best cheap crypto to invest in today, we first need to answer the question, "What is a cheap cryptocurrency?" Many novice crypto investors think of cheap cryptocurrencies as those with a low price per coin, usually less than $1. However, since crypto assets can be fractional, the price of a single coin says nothing about whether that cryptocurrency is cheap. If a cryptocurrency has a large issuance volume, its coins may be cheap, but the asset itself may be very popular and possibly even overvalued.

Therefore, the really cheap cryptocurrencies are those with low market capitalisation. A low market cap compared to other cryptocurrencies means that the cryptocurrency is less popular, possibly undervalued and has more room to grow. Of course, of the vast number of cheap cryptocurrencies, only a few show significant growth. But those that do sometimes generate very impressive returns, reaching thousands, even tens of thousands of percentage points.

Needless to say, the potential for high profitability always comes with high risk. Investments in cheap cryptocurrencies are considered risky even by crypto market standards, so they are particularly demanding in terms of risk management. In addition, it should be kept in mind that the crypto market is currently in a bearish trend, and no one knows how long it will last.

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The best 10 cheap cryptos to buy in 2024

It's always difficult to predict which cryptocurrency will see a significant rise in price, especially when it comes to cheap and lesser-known cryptos. We've listed 10 relatively cheap cryptocurrencies that have good growth potential and are also quite liquid.

1inch Network (1INCH)

1inch Network is one of the best cheap crypto to buy now. It is a liquidity aggregator of decentralised exchanges that offers the best exchange prices from dozens of sources in real time. As a leading DeFi platform, 1inch aggregates liquidity from multiple DEXs to provide optimal swap rates, highlighting its solid technical foundation. Its expansion to networks like BNB Smart Chain and Polygon enhances its growth prospects and adoption. With a market cap of $681,895,129, 1inch Network is one of the best cheap cryptos to buy now.

1INCH statistics (as of 29/05/24)

Storj (STORJ)

Storj is an open-source, decentralised cloud storage platform that protects hosted data with advanced encryption. As a decentralised data storage solution, Storj allows computers to rent out unused hard drive space to users needing scalable storage, fostering a growing ecosystem with significant potential for adoption. Its technical fundamentals are robust, utilising a decentralised network to ensure full user control over data and high resilience to outages, making Storj one of the best cheap cryptos to invest in today. Given the growing need for low-cost and secure cloud storage, the platform has good prospects despite the presence of serious competitors.

STORJ statistics (as of 29/05/24)

SushiSwap (SUSHI)

SushiSwap is a decentralised exchange on the Ethereum blockchain that incorporates a number of basic DeFi mechanisms for financial management. The platform is gradually evolving from an exchange into a full-fledged ecosystem, incorporating DeFi and NFT tools. SushiSwap provides traders and liquidity providers a platform to engage in decentralised trading. Despite price fluctuations, SushiSwap presents an opportunity for investors to capitalise on market movements and price changes, potentially enhancing its appeal as a good cheap crypto to buy.

SUSHI statistics (as of 29/05/24)

IoTeX (IOTX)

IoTeX is one of the Internet of Things projects aimed at creating a decentralised ecosystem for secure and confidential interaction between people and smart devices. Its promising technology aims to build an "Internet of Trusted Things," securely connecting IoT devices and decentralised applications while preserving privacy. The growing IoTeX ecosystem includes real-world applications like decentralised identity, data sharing, and machine-to-machine transactions. Despite some price volatility, the overall market sentiment towards IoTeX remains positive, highlighting its potential as the best crypto to buy now in 2024.

IOTX statistics (as of 29/05/24)

Ocean Protocol (OCEAN)

Ocean Protocol is an ecosystem for creating decentralised data markets where users can buy and sell any type of information. The protocol is intended to take advantage of artificial intelligence to monetise data and equalise opportunities to access it.

OCEAN statistics (as of 29/05/24)

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Theta Fuel (TFUEL)

Theta is a decentralised video streaming network that aims to solve the problems caused by the centralisation of the industry, as well as the increase in the volume and quality of video streaming. TFUEL aims to revolutionise video streaming with blockchain technology, serving key roles in on-chain operations, smart contracts, and interactions with decentralised applications (dApps). Its growing ecosystem and unique use case within the Theta Network support its infrastructure and operations, incentivising user participation. With increasing trading volume and price fluctuations, TFUEL presents opportunities for potential profits, highlighting its appeal as the best cheap crypto to invest in 2024.

TFUEL statistics (as of 29/05/24)

VeChain (VET) 

VeChain (VET) is the best cheap crypto to buy now due to its strong focus on supply chain management and partnerships with major companies like Walmart China, BMW Group, and Bayer China, demonstrating real-world use cases. This established blockchain platform has significant growth potential and long-term price appreciation, making it an attractive investment option for those seeking low-cost cryptocurrencies with substantial upside potential.

VET statistics (as of 29/05/24)

Loopring (LRC)

Loopring (LRC) is one of the best cheap crypto to invest in today due to its strong position in the DeFi space. As a leading blockchain research organisation, Loopring develops protocols and infrastructure for decentralised finance, operating on an Ethereum Layer-2 solution that ensures scalability and low fees. Loopring's Layer-2 DEX and wallet products offer real-world utility, making the LRC token valuable within the DeFi ecosystem. 

LRC statistics (as of 29/05/24)

Everscale (EVER)

Everscale is a decentralised project originally launched on the basis of the Telegram Open Network's open-source code, but it has already outgrown its predecessor. The ecosystem is based on a scalable, asynchronous and multithreaded blockchain with functioning sharding, capable of processing more than 100,000 transactions per second. It's actively developing.

EVER statistics (as of 29/05/24)

Bonk (BONK)

Bonk (BONK) is an attractive and extremely affordable cryptocurrency, currently trading at around $0.0000231. Bonk's growing popularity is evident, as proponents aim to increase the meme coin's user base by 500,000, suggesting rising interest and adoption. These factors make Bonk the best cheap crypto to invest in 2024.

BONK statistics (as of 29/05/24)

The best app to buy cheap crypto

The best apps for buying cryptocurrencies, including cheap ones, are usually those of reputable cryptocurrency exchanges. The specific choice depends on your experience, why you're buying cryptocurrency and your personal preferences.

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