Buying cheap cryptocurrencies can offer a promising opportunity for substantial gains due to their low cost. Despite the higher volatility associated with cheaper coins than their pricier ones, their long-term potential remains unmatched. Many people want to find the best cheap cryptocurrency because the crypto market can give big profits to those who invest early in strong projects.
This guide aims to explore the most affordable cryptocurrencies to acquire in 2023, highlighting the coins’ current prices and future goals. Additionally, it will present several compelling reasons why investing in low-cost crypto can be a wise decision. Let’s get started.
10 Cheap Cryptocurrencies to Buy In 2023
#1 XRP (XRP)
- Current Price as of May 18: $0.44
XRP is a cryptocurrency developed by Ripple, designed for fast, reliable, and low-cost payments. Its price has decreased significantly over the past year, making it affordable, with a value of less than $1. XRP has the potential to grow substantially in the future, as it aims to revolutionise the banking industry and gain traction as a preferred interbank payment network.
With partnerships with major banks and financial institutions, XRP has a strong market capitalisation and has held its position in the top 10 tokens for a long time. Analysts predict a potential rise to $10 in the next five years.
#2 Polygon (MATIC)
- Current Price as of May 18: $0.86
Polygon is a decentralised application built on the Ethereum network that aims to expand Ethereum into a multichain system. Supported by Coinbase and Binance, Polygon offers a solution for developers to deploy decentralised applications faster, more efficiently, and at a lower cost.
With a market cap of over $8 billion, MATIC proves to be an in-demand crypto token. Experts say that MATIC, the native token of Polygon, is the most promising “Layer two” token, referring to tokens built on existing blockchains. Polygon has a strong team and reliable technology, making MATIC a favourable long-term investment option.
#3 ApeCoin (APE)
- Current Price as of May 18: $3.3
ApeCoin is an emerging cryptocurrency gaining attention this year and can experience significant growth in 2023. It is a low-cost cryptocurrency that has gained popularity among buyers. ApeCoin serves as the token for the Ape DAO, which is associated with the Bored Ape Yacht Club NFT collection.
There have been rumours about the Bored Ape Yacht Club planning to launch its own metaverse called the Otherside, which has generated excitement among investors about the cryptocurrency. Holders of ApeCoin can utilise the tokens for transactions within the project. With over $1.2 billion in market capitalisation and the release of the new Metaverse, APE can again touch its all-time-high price.
#4 NEAR Protocol (NEAR)
- Current Price as of May 18: $1.6
NEAR Protocol is a layer-one blockchain designed to function as a community-operated cloud computing platform. It offers faster transaction speeds, improved scalability, and enhanced interoperability compared to other blockchains. The project aims to create a highly secure platform that manages high-value assets like money and identity.
It also employs Nightshade technology, which divides the blockchain’s transaction history to expedite processing. This project has the potential to lower barriers to adoption for Web3. NEAR’s recent partnership with Google and its high-end technology has everything a token needs to be profitable in the long run.
#5 Ecoterra (ECOTERRA)
- Current Price as of May 18: $0.00775 (Presale)
Ecoterra is an innovative project introducing a new cryptocurrency with an inexpensive token currently in its presale phase. Their unique Recycle2Earn platform allows individuals to contribute to the planet by recycling products and receive ECOTERRA tokens as rewards by scanning their receipts.
The project aims to benefit consumers, small and large companies, NGOs, industries, and governments. Although still in its early stages, Ecoterra has raised over $3.8 million through its presale, offering ECOTERRA tokens at a discounted price, making it one of the most affordable cryptocurrencies available today.
#6 Chiliz (CHZ)
- Current Price as of May 18: $0.1
Chiliz has gained significant recognition in the market, mainly due to the increasing popularity of “Fan tokens”. Socios.com offers these fan tokens, while Chiliz is the network facilitating their creation and distribution. Fan tokens enable holders to engage with sports teams, providing exclusive discounts and exceptional benefits.
Chiliz is currently developing its blockchain to capitalise on this growing trend. With ambitious plans in place, the CHZ token presents an attractive opportunity for speculative investors, given its current trading price of just $0.13 and a market cap of over $700 million.
#7 Dogecoin (DOGE)
- Current Price as of May 18: $0.07
Dogecoin is one of the favourite tokens of Elon Musk, which automatically makes it a long-term profitable investment. Dogecoin, created initially as a joke, has become a real investment opportunity for investors. Despite its low price of $0.07 per coin, DOGE has gained attention and fluctuated based on hype and tweets from Elon Musk.
Although it has been affected by the recent crypto sell-off, some investors view the dip as a chance to buy rather than a sign of doom. In 2023, Dogecoin remained a popular choice for those seeking cheap cryptocurrencies.
#8 Cardano (ADA)
- Current Price as of May 18: $0.37
Cardano remains one of the most promising cryptocurrencies to watch in 2023, with analysts predicting a potential 10x price gain in the next five years. It is a blockchain platform built on a proof-of-stake consensus protocol called Ouroboros, which enables efficient transaction validation without high energy costs.
Cardano has achieved notable milestones, including processing over 20 million transactions with no downtime and launching ADACash, a rewards token that gained significant user adoption. The upcoming Hydra upgrade is expected to enhance processing speeds, potentially leading to higher prices significantly.
#9 DeeLance (DLANCE)
- Current Price as of May 18: $0.033 (Presale)
DeeLance is an innovative blockchain platform and cryptocurrency designed specifically for freelancers. It is a decentralised marketplace connecting freelancers and employers, offering features like an NFT marketplace, a metaverse, and a recruitment/freelancing platform for various industries.
The project is supported by the DLANCE token, built on the Ethereum blockchain, currently in the presale phase at a discounted price of $0.033. The project aims to raise $6 million by the end of June and has already raised nearly $900,000. The total token supply is 1 billion, with 300 million allocated for the presale.
#10 Decentraland (MANA)
- Current Price as of May 18: $0.5
MANA is the native cryptocurrency in the Ethereum blockchain-based virtual reality game Decentraland. In it, users can purchase virtual land to develop and monetize content, buy and sell goods and services, and explore various properties within a 3D virtual world.
It has recently partnered with Versus Entertainment to assist in developing a film adaptation of “The Infinite Machine”, which will give it the recognition it deserves. With a market capitalisation of $900 million, Decentraland is a significant cryptocurrency project to watch closely in 2023.
Frequently Asked Questions
Why Is It Wise to Invest in Cheap Crypto Coins?
Cheap tokens offer a way to accumulate large sums, hoping the right ones would skyrocket and leave you with tons of profit. It’s also wise as these coins are available at a low price because of the recent sell-off and have the potential to touch their highest prices again.
How to Find Cheap Crypto Tokens?
To find tokens under $1, check out social media platforms, the latest crypto news, ICOs, and IEOs. You can also review the price charts of multiple tokens under $1 to see if they have the potential to 10x or even 50x your investment. Also, keep a close eye on economic events for huge gains.
How Much Should You Invest in These Cheap Cryptocurrencies?
These crypto investments depend on how much money an individual can safely keep away and has no need for the next 6 to 10 months. Make sure to refrain from investing your kitchen money and using only the savings, as throwing money into the crypto market is riskier than it seems.
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