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 (BTC) has been in the news recently for not only reaching an all-time high price of more than $73,000, making it the most expensive cryptocurrency in the world, but also for having the highest market cap at over $1.3 trillion.

Such a high price tag may put Bitcoin out of the reach of the average crypto investor, but it raises an interesting question: Which is the cheapest cryptocurrency in the world?

In this guide, we will help you satisfy your curiosity by listing the 7 cheapest cryptocurrencies to buy, as well as listing the five lowest-priced cryptocurrencies on the market. Read on to learn more.

The world’s cheapest cryptocurrency

As noted by crypto price tracking site CoinMarketCap, there are currently more than 2.4 million cryptocurrencies in existence.

In terms of what is the cheapest cryptocurrency, data from CoinMarketCap shows that at the time of writing, Elon’s Cat (CATME), an Elon Musk-inspired meme coin, is trading at $0.00000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000. This price makes it the cheapest cryptocurrency in the world.

Giving CATME a run for its zeros is OSL AI (OSL). According to information on CoinMarketCap, OSL is organized by BC Technology, which provides crypto custody and brokerage services for the Asian market.

The five cheapest cryptocurrencies | Source: CoinMarketCap

Another meme coin that ranks third on our list of the world’s cheapest cryptocurrency is Doge Satellite Inu (DOGE).

At the time of this writing, the price of an OSL was $0.00000000000000000000003242. The token has a self-reported circulating supply of 42,069,000,000,000 OSL, giving it a market cap of $13,630.36.

Not to be confused with the original meme coin Dogecoin (DOGE), which bears the same ticker symbol, Doge Satellite Inu has a price tag of $0.0000000000000000000004273 with a self-reported circulating supply of 999.6 trillion DOGE.

Interestingly, another of the lowest priced cryptocurrencies bears the label DOGE. This new meme coin, known as Dogecoin

Rounding out our compilation of the five cheapest cryptocurrencies on the market right now is BNBsongoku (BNBSONGOKU), a deflationary token on the Binance Smart Chain (BSC). Information provided by CoinMarketCap for the token indicates that the token was launched in October 2023 with a total supply of “ten septillion billion” units.

The project behind the token has a mission to help reduce carbon dioxide emissions and promote the use of green energy. At the time of this writing, a BNBSONGOKU was trading at $0.00000000000000000000008127.

The 7 cheapest cryptos to buy

The above coins are mentioned largely for informational purposes only. It is not recommended to invest your money in any of them unless you can verify their authenticity and obtain more data on their market performance.

However, if you are interested in the lowest priced cryptocurrencies in the world that you can potentially invest in, the following list will be more useful:

1. Ripple (XRP)

Ripple (XRP) is a peer-to-peer payment platform designed to replace systems such as SWIFT. The platform, launched in 2012, allows instant cross-border transfers in various currencies.

Its native token, XRP, reached a peak price of $3.40 in early 2018 but has traded mostly below a dollar since October 2021.

Currently, XRP is priced at $0.5243, an almost 85% discount to its all-time high (ATH) price.

XRP all-time price chart | Source: CoinGecko

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)

Cardano (ADA) is a proof-of-stake (PoS) blockchain known for its scalability and support for smart contracts. Blockchain is also known for its efficiency and potential to process up to 2 million transactions per second.

Charles Hoskinson founded Cardano and launched 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 ranks first in the space, with a market cap north of $16.3 billion. The lowest priced cryptocurrency with the highest market cap.

Unlike XRP, which recorded a very modest 3.1% increase last year, ADA has had a much more stormy ride, recording a 30% increase in price in 365 days, according to data from CoinGecko.

ADA one year price chart | Source: CoinGecko 3rd Chart (GRT)

Graph (GRT) is an indexing protocol for querying blockchain data, often referred to as the “Google of Blockchains.” It was launched in 2018 and its native token GRT was launched in 2020.

Graph integrates with various blockchains and has a strong governance structure supported by The Graph Council and The Graph Foundation.

GRT is currently trading at $0.2987; While this is more than 89% below the ATH, it is 474% higher than the November 2022 all-time low (ATL) price of $0.05205.

GRT all-time price chart | Source: CoinGecko

Its market cap of $2.8 billion places GRT at 49th on the list of largest cryptocurrencies by market cap, making it among the cheapest cryptocurrencies to buy in the top 100.

4. Tron (TRX)

Tron (TRX) is a blockchain platform that aims to decentralize the internet using a delegated proof of stake (DPoS) consensus mechanism.

Justin Sun, crypto personality and Grenada’s former permanent representative to the World Trade Organization (WTO), launched Tron in 2017. The network later transitioned from Ethereum (ETH), where it was first founded, to its own blockchain in 2018.

The native TRX token reached its highest price of $0.2317 on January 5, 2018. However, at the time of this writing, it was trading at $0.1147 and its market cap was just over $10 billion.

TRX one year price chart | Source: CoinGecko

Over the past year, TRX’s price 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 puts it in 16th place among the most valuable digital currencies.

5. Star (XLM)

Stellar (XLM) is an open-source payment network that facilitates fast and low-cost cross-border transfers. It was launched in 2014 with its native token, XLM.

Stellar has grown significantly over the years, processing billions of transactions and establishing key partnerships including MoneyGram, Circle, and Franklin Templeton.

XLM is currently changing hands at $0.1062; This is almost 88% lower than the ATH price of $0.8756 achieved in 2018 and 22219.7% higher than the ATL price of $0.0004761 in March 2015.

XLM all-time price chart | Source: CoinGecko

Despite still being one of the lowest-priced coins among the top 100 cryptocurrencies in terms of market cap, XLM’s current value still reflects a 21% increase in value from a year ago, according to data from CoinGecko.

6th Gala (GALA)

Next on our list of the 7 cheapest cryptocurrencies to buy is Gala (GALA), a blockchain gaming platform where users control in-game items and advancements.

The GALA token, which can be used to purchase non-fungible tokens, NFTs, and in-game assets, is trading at around $0.04545, giving it a market cap of $1,613,994,445.

GALA one year price chart | Source: CoinGecko

The price marks a 95.5% decline from GALA’s all-time high of $0.8248 per token reached in November 2021.

Therefore, buying into the project at this stage represents a significant discount, especially for a cryptocurrency that regularly reaches daily trading volumes of over $100 million, indicating its continued popularity among crypto traders.

7. Ankr (ANKR)

Founded in 2017 by Chandler Song, Ankr Network (ANKR) focuses on simplifying web3 development. It provides blockchain-based cross-chain infrastructure that supports decentralized finance (defi) and decentralized application (dapp) development.

Ankr also has Stkr, a staking protocol that supports ETH staking and offers high liquidity for Ethereum 2.0 stakers.

The native ANKR token is also one of the cheapest cryptocurrencies in the world and is especially among the top 200 coins by market cap.

Currently priced at $0.04495, ANKR has a market cap of $449 million and a total value locked (TVL) of over $80 million.

ANKR all-time price chart | Source: CoinGecko

Its latest price also reflects an 87% increase over last year and a 6245.5% recovery from the all-time low since March 13, 2020.

Disclosure: This article does not constitute investment advice. The content and materials on this page are for educational purposes only.

final thoughts

Investing in cryptocurrency doesn’t have to be an expensive endeavor. While Bitcoin dominates the headlines with its staggering price and market cap, there are many low-cost cryptocurrencies that offer significant potential for growth.

Some of the cheapest cryptocurrencies in the world in 2024 are highlighted in this guide. From Ripple’s robust payment platform to Cardano’s scalable blockchain, each of these cryptocurrencies provides unique value and opportunities for new and experienced investors alike.

But while low prices may be tempting, it’s important to do thorough research and consider the long-term potential of any crypto investment before putting your money into it. By staying informed and strategic, you can navigate cryptocurrencies and find the best opportunities to suit your investment goals.