As the cryptocurrency landscape shifts, investors are keen to find the best cheap cryptos to buy in 2024. With lot many options on the market, pinpointing promising coins that could see significant growth is essential for building a successful portfolio. In this post, we’ll highlight some affordable cryptocurrencies that not only provide excellent value but also show strong potential for appreciation in the upcoming year. Let’s explore the exciting possibilities within low-cost cryptocurrencies and see which ones might be worth your investment!
Table of Contents
Cryptocurrency markets are full of opportunities, especially for those who want to make short-term gains. The key to success lies in identifying the right coins that are undervalued but have the potential to explode. Today, we will dive into some of the best cheap cryptocurrencies to consider buying now.
- Jupiter (JUP)
Jupiter is a lesser-known gem that is currently gaining traction among investors. Its price has hovered between $0.5 and $0.6 in the past, but those who entered at that level have already seen a 70-80% profit. For those who haven’t yet made their entry, it’s best to look for dips between $0.9 and $0.8. Remember, the idea is to buy low and hold until the bull market takes off.
- Ondo Protocol (ONDO)
Ondo Protocol is another promising project in the DeFi space. It has been trading around $0.9, but smart investors managed to get in at $0.4 and $0.6. The project offers unique solutions for decentralised financial products, which could make it a strong contender for growth in the near future. If you find ONDO below $1, it might be a good time to consider adding it to your portfolio.
- Frontier (FRONT)
Frontier is currently undergoing a significant development phase with a migration to a self-chain, which could trigger a price pump. It has been a strong performer, providing 4x returns in the past based on news hype. Buying around $0.4 to $0.6 could still be lucrative, especially if the self-chain launch brings more attention to this project.
- Aptos (APT)
Aptos is another solid option for those looking to buy a cryptocurrency with high upside potential. Currently trading around $8, Aptos could see substantial gains as it has previously moved from $8 to $20. The project is still in a good buying zone, and its price chart indicates there might be more room for growth.
- Arbitrum (ARB)
Arbitrum has been a favourite for many due to its low entry point. With its price hovering around $0.9, there is still a good opportunity to invest in this project. Arbitrum is designed to improve the scalability of Ethereum, making it an excellent choice for those looking for long-term gains. It has previously gone up to $2.4-$2.5, indicating significant profit potential.
- Near Protocol (NEAR)
Near Protocol is another project that should be on your radar. Trading between $4-$5, Near Protocol offers a strong foundation with its user-friendly blockchain technology aimed at enhancing scalability and interoperability. Investors could see double or even triple returns in the long term.
- Fetch.AI (FET)
Fetch.AI combines blockchain with artificial intelligence to create decentralised solutions. It has shown strong performance, with its price moving from $0.3 to $1.3 in the past. Those who invested early have already seen substantial returns. The project’s innovative use cases could continue to drive its value upwards.
Best Cheap Crypto to Buy Now
If you’re on a budget but still want to get into the cryptocurrency game, consider these affordable options:
- Jupiter (JUP) – With a low price point and a solid track record, Jupiter offers potential for significant gains.
- Ondo Protocol (ONDO) – This DeFi project has already shown the ability to provide excellent returns and still trades at a low price.
- Frontier (FRONT) – With upcoming updates, this coin could see substantial growth in the near future.
- Notcoin (NOT) – Although not as popular, Bitcoin is still a viable choice if you’re looking to diversify your portfolio.
Cheapest Cryptocurrency That Will Explode
In the past few years, we have seen unexpected projects like meme coins (e.g., Shiba Inu) achieve massive returns. This time, there could be several undervalued coins poised to make significant gains. Keep an eye on the following:
- Arbitrum (ARB) – Given its utility in improving Ethereum’s scalability, it could surprise us with massive growth.
- Near Protocol (NEAR) – Already showing signs of strong performance, this coin has the potential for exponential returns.
- Fetch.AI (FET) – Combining AI and blockchain, Fetch.AI offers an innovative approach that could see it becoming a major player in the market.
Conclusion
While the cryptocurrency market can be volatile, there are always opportunities for those who do their research and invest wisely. The coins listed above offer a mix of high potential, low entry points, and unique use cases that make them suitable for both short-term gains and long-term investments. Remember, diversification is key, and it is always advisable to keep an eye on market trends and news that could impact your chosen cryptocurrencies.
FAQ
- What’s the best strategy for short-term crypto investments?
Research undervalued coins with potential for quick gains. Monitor market trends and set stop-loss orders to manage risks.
- How do I know if a cryptocurrency is undervalued?
Compare its current price to historical performance and market potential. Use technical and fundamental analysis for insights.
- What are the risks of investing in cheap cryptocurrencies?
Risks include high volatility, low liquidity, and potential scams. Always research thoroughly before investing.
- When is the best time to buy or sell a cryptocurrency?
Use technical analysis tools to identify trends and potential entry or exit points. Stay updated with market news.
- What tools can help with crypto investments?
Trading platforms, charting tools like TradingView, and news aggregators like CoinDesk are useful for investment decisions.
- How important is diversification?
Diversification reduces risk and increases the chance of benefiting from different market trends.
- What should I check before investing in a new cryptocurrency?
Evaluate the project’s team, technology, use case, and market potential. Review the whitepaper and community support.
