What will be the next crypto to hit $1 in 2024? With healthy trading volumes in the crypto market, savvy traders are looking for the best penny crypto to buy right now.
Next Crypto to Hit $1 in 2024:
Finding the next crypto to hit $1 in 2024 is not, of course, an exact science. Finding the cheapest and best crypto to buy in 2024 involves a few factors.
You can check the market capitalization, price, and what problem a project is actually trying to solve when considering the best cryptocurrencies under $1.
In this article, we’ve outlined a number of cryptocurrencies at various stages in their journey. We’ve outlined the top 6 cryptos to hit $1 in 2024 and divided the first two sections into high-cap and low-cap coins.
Best Low-Cost Cryptocurrencies to Buy Now:
Nobody can ever advise you which cryptocurrency to buy next. We will, however, highlight a list of projects that are generally regarded as credible and have a potentially positive price history for their sub-$1 coin. Let’s begin with some of the larger-cap coins.
The Graph (GRT):
The Graph (GRT) is a project aimed at making Web3 content easier to navigate online. To begin with, The Graph indexes all information on the Ethereum network.
This means that, in principle, users will be able to launch a Web3 browser and search for Ethereum content in the same way that the Google search engine does for Web2.
For example, suppose a decentralised app (dApp) needs to display historical and real-time Ethereum pricing information, or it needs to access data from the network’s smart contracts. These are the duties that will be made easier, cheaper, and faster if The Graph succeeds.
Hedera Hashgraph (HBAR):
Hedera Hashgraph (HBAR) is a proof-of-stake distributed ledger, similar to Ethereum in many ways. However, Hedera’s documentation indicates that it aims to be faster, more compliant, and scalable than Ethereum. While faster transactions are easy to achieve for a project that does not handle as many transactions as Ethereum, scalability is the most appealing feature.
Scalability is a major challenge in Web3, which refers to the attempt to make blockchain networks usable for an increasing number of people while remaining performant. Hedera is a popular competitor to Ethereum, however it lacks the number of apps that Ethereum has. Nonetheless, it has sparked interest from both individual and institutional investors.
Stellar (XLM):
Stellar (XLM) focusses on making low-cost cross-border payments using cryptocurrencies. In some ways, the project shares Ripple’s mission, although XMR is largely aimed at banks and institutions, whereas Stellar’s XLM is primarily aimed at peer-to-peer remittance payments for both individuals and enterprises.
The project is well-known and regarded as credible, especially after collaborating with business giant IBM to handle cross-border payments on an industrial scale.
XLM is currently trading at $0.10, and its price has stayed pretty stable for a cryptocurrency, ranging between $0.07 and $0.16 over the last 12 months. This may be perceived as a desirable attribute by some traders, as steady pricing and lower volatility might be considered healthy price consolidation. The Relative Strength Index (RSI), for
Promising Cheap Cryptocurrencies for 2024:
Let’s take a look at some of the top altcoins under $1. These ventures have significantly smaller market capitalisations and could be intriguing buys in 2024.
It’s vital to remember that as a project’s market capitalisation decreases, the likelihood of price volatility and potential losses increases. The following list provides potential candidates for the best penny cryptocurrency to buy right now that are higher risk. Before making an investment, you should always conduct your own research and manage your risks appropriately.
Basic Attention Tokens (BAT):
Basic Attention Token (BAT) is the cryptocurrency linked to the Brave browser. The project’s goal is to allow users to earn money by watching and engaging with adverts online. Users might also elect to just block certain advertisements. Brave is one of a number of projects helping to change the way we view our online data as an asset, and shifts ownership of that data to the user rather than the ad companies.
BAT is the token that Brave uses to repay its rewards. BAT is now trading at $0.23 with a market cap of around $368 million.
Harmony (One):
Harmony (ONE) is a project that aims to make blockchain transactions faster and more secure, allowing Web3 protocols-based apps to run seamlessly. Harmony achieves consensus with Effective Proof-of-Stake (EPoS), its own alternative to PoS staking used by other main protocols.
The project also focusses on interoperability, which means it may be linked to other blockchain networks. This compatibility with other projects is a significant advantage for investors, since it demonstrates the project’s potential durability and forward planning.
ONE tokens are utilised to power the network. ONE is now trading at $0.02 per token, with a total market capitalisation of $271 million, making it the cheapest cryptocurrency in this article. Price has increased by 43% over the last
