Are you on the lookout for the next cryptocurrency that could hit $1 by 2024? Traders in the crypto market are keeping a close eye on penny cryptos with strong trading volumes. To pinpoint the next crypto that could reach $1, factors like market capitalization, current price, and the problems each project aims to solve need to be considered.
This article highlights several cryptocurrencies at different stages of their journey and identifies the top six cryptos that are likely to hit $1 by 2024. These coins are categorized into high-cap and low-cap categories.
Best Low-Cost Cryptos to Buy Now
While there’s no definitive answer on which crypto to buy next, here is a list of reputable projects with potentially promising price histories in their sub-$1 tokens. Let’s start with some of the higher-cap coins.
The Graph (GRT)
The Graph (GRT) focuses on making Web3 information more accessible online by indexing all the information on the Ethereum network. This allows users to search for Ethereum data similar to how Google enables Web2 searches. The Graph’s solutions are beneficial for decentralized apps (dApps) requiring historical and real-time price info for Ethereum or data from smart contracts. Currently priced at $0.31, GRT has a 24-hour volume of around $70,000 and a market cap above $3 billion, showing a 28% increase in the month and a 166% increase in the year.
Hedera Hashgraph (HBAR)
Hedera Hashgraph (HBAR) is a proof-of-stake distributed ledger similar to Ethereum but aims to be faster, more compliant, and more scalable. HBAR, priced at $0.11, has seen over a 100% increase this year with a market cap of $3.8 billion.
Stellar (XLM)
Stellar (XLM) aims to facilitate cheap cross-border payments, targeting peer-to-peer remittances for individuals and businesses. XLM is currently trading at $0.10, maintaining a stable price range between $0.07 and $0.16 over the past year, making it attractive to traders with an RSI at 44, indicating it is neither oversold nor overbought.
Promising Cheap Cryptocurrencies for 2024
Now, let’s explore more promising altcoins under $1 with smaller market caps that could be good buys for 2024. It’s important to note that smaller market caps can lead to increased price volatility and potential losses, so conducting thorough research and practicing proper risk management is essential.
Basic Attention Token (BAT)
Basic Attention Token (BAT) is associated with the Brave browser, allowing users to earn money for their data and interaction with ads or block them entirely. BAT is transforming online data ownership to be user-centric rather than ad company-centric, currently trading at $0.23 with a market cap of around $368 million.
Harmony (ONE)
Harmony (ONE) aims to make blockchain transactions fast and secure, focusing on apps on Web3 protocols. ONE tokens fuel the network, currently trading at $0.02 with a market cap of $271 million, showing a 43% increase in the past year.
Flux (FLUX)
Flux (FLUX) offers decentralized cloud infrastructure for Web3 developers needing computing power without the high costs of owning hardware. Trading at $0.94, FLUX is positioned to hit $1 in 2024 with a market cap of $329 million and a 96% price increase over the past 12 months.
Choosing the Best Low Priced Cryptocurrencies to Invest In
While investing in trending low-priced cryptocurrencies may be tempting, caution is advised in the crypto space. Use indicators like RSI and MACD for insights into your chosen coin’s performance and stay informed on relevant news, partnerships, and project developments. Remember to never invest more than you can afford to lose. We hope this list of cheap and promising cryptocurrencies assists you in finding the next crypto poised for growth in 2024!
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