The 7 cheapest cryptocurrencies with real potential in 2024

Do you want to know which are the cheapest cryptos that could take off in 2024? I'll tell you straight away and from my personal experience in this very volatile market.

As Bitcoin continues to break records above $73,000, many of us wonder if there are still opportunities for those of us who are not millionaires. Of course there are! But be careful, not all cheap coins deserve your money.

I have been following this market for years and I can tell you that there are coins that cost cents but are worth gold... and others that are not even worth the server they are hosted on.

The Truth About Ultra-Cheap Cryptos

First, forget about those cryptos like Elon's Cat (CATME) with their 20+ zeros in front. Yes, technically they are "the cheapest" with ridiculously low prices like 0.00000000000000000000000002318 dollars, but most of them are pure smoke.

I have invested in some of these and I tell you: they are traps. Their creators often manipulate the price and disappear with the money. Do you really think a coin called "CATME" is going to revolutionize finance? I also fell into that trap.

The 7 cheap cryptos that are really worth it

1. Ripple (XRP) - $0.52

XRP has been stuck below a dollar for years while Ripple executives continue to fight with authorities. But come on, a technology that can replace the SWIFT banking system shouldn't be this cheap.

I have moved money with XRP and it is impressive: instant and with hardly any fees. When it finishes its legal battle, we could see XRP multiply its value by 5 or 10.

2. Cardano (ADA) - $0.45

ADA is my personal favorite. It has a brutal academic team, but its slow pace has left it lagging behind other blockchains. Charles Hoskinson is an misunderstood genius, although sometimes too much of a perfectionist.

With a 30% increase in the last year, it is still at 85% of its all-time high. If their promised scalability improvements work, we will see how it skyrockets.

3. The Graph (GRT) - $0.29

Is it the Google of blockchains? What a sexy concept. I use it to query data across various chains and it works like a charm. It's at 89% of its ATH but has risen 474% since the lows. What a rollercoaster!

4. Tron (TRX) - $0.11

Yes, Justin Sun is controversial and somewhat of a clown, but his network works surprisingly well. I use it for fast transfers when I don't want to pay Ethereum fees. With a 45% increase in the last year, it remains ridiculously cheap for being among the top 20 cryptocurrencies.

5. Stellar (XLM) - $0.10

XLM is the great forgotten one. It does the same thing as XRP but with less marketing and no legal issues. Its partnerships with MoneyGram and Franklin Templeton are brutal, but no one seems to notice. It's at 88% of its ATH, an opportunity for those of us who know how to look.

6. Gala (GALA) - $0.045

The blockchain gaming industry is booming and Gala is key. I have tried their games and, although they can improve, they have potential. It is at 95% of its all-time high, which means you can buy at a bargain price. Their daily volumes of 100 million dollars are no coincidence.

7. Ankr (ANKR) - $0.044

Web3 infrastructure is boring but fundamental. Ankr facilitates development across multiple blockchains, and its staking protocol is great for ETH. It has risen by 87% in the last year but remains one of the cheapest among the top 200.

My personal vision

After losing money on meme coins and empty promises, I learned that a low price means nothing if there isn't a solid project behind it.

Trading platforms bombard you with "the next Bitcoin" at cents, but most will end up being worth zero. It's better to bet on established projects that are temporarily undervalued.

And remember, don't buy for the unit price but for the potential appreciation. A coin priced at $0.0001 with infinite supply will never reach $1, no matter how much they promise you on Telegram.

I have distributed my portfolio among these seven, with greater weight in XRP and ADA. We will see who gets it right.

Carlos_CryptoFan

P.S.: This article reflects my personal opinions, it is not financial advice. Do your own research!