Investing in affordable cryptocurrencies presents a potentially profitable opportunity, as their low cost opens up the possibility of significant returns. While these cheaper crypto coins may exhibit higher volatility compared to their more expensive counterparts, their long-term potential is unparalleled.
This comprehensive guide will explore the most inexpensive cryptocurrencies to consider purchasing in 2023, highlighting the coins that are currently trading at discounted prices. Additionally, it will present several compelling reasons why investing in affordable crypto can be a wise decision.
An In-Depth Analysis of Promising Low-Cost Crypto Projects
Identifying the most affordable cryptocurrency to acquire in 2023 can be a daunting task, given that most coins have experienced value depreciation in recent months due to unfavorable macroeconomic factors. Nevertheless, the coins discussed in this section are arguably the top contenders to buy during this market downturn, as their use cases and community engagement suggest that they may be undervalued.
With that in mind, let’s delve into an examination of the cheapest cryptocurrency options that have the potential for a rebound in the near future.
AiDoge
AiDoge stands out as an exceptional low-cost crypto investment due to its high growth potential. Although still in its presale phase, this project holds immense promise by effectively merging two of the hottest trends in the crypto world: AI and memes.
The concept behind AiDoge is intriguing, and you can find all the details in the project’s whitepaper. In essence, AiDoge enables users to generate memes using an AI-based platform that operates on prompts. Users enter a request, and the platform responds by creating a meme.
To access this platform, users pay with the project’s native cryptocurrency, $AI. Additionally, they can earn tokens by creating highly-rated memes. The platform facilitates voting, performed within the platform itself, and rewards voters with tokens. By incorporating staking capabilities, AiDoge establishes a self-sustaining ecosystem.
Although the platform is relatively straightforward, it is the first to successfully bridge the gap between AI and memes. While Arb-Doge AI has attempted a similar endeavor, it lacks utility. Furthermore, other coins like SingularityNET, Conflux, and Pepe Coin have pursued either the AI or meme route individually, but none have integrated both.
Given this unique characteristic, AiDoge possesses the potential to achieve remarkable growth, providing an opportunity for individuals who missed out on the Wojak and ArbDoge AI pumps to capitalize on a second chance.
Currently in the presale stage, AiDoge has already raised over $8 million, reaching Stage 12 out of 20. The hard cap for the project stands at $14,900,000, and it is highly likely to reach that target. Following the conclusion of the presale, the creators intend to secure listings on major centralized and decentralized exchanges (CEX and DEX). In line with the norm in the meme crypto world, the founders’ identities remain undisclosed.
yPredict
Our second recommendation highlights an exceptional cryptocurrency and platform designed specifically for traders. yPredict offers a comprehensive trading and analytics platform that employs various mathematical techniques and machine learning to create reliable predictive models for traders.
As detailed in the project’s whitepaper, yPredict is developed by AI/ML experts, ensuring that the models it employs are more dependable than conventional trading analysis methodologies.
The platform aims to attract top-notch financial quants, traders, and AI/ML experts who will collaborate to develop trustworthy predictive models, analyses, insights, metrics, and more. Users gain access to this comprehensive ecosystem through subscription-based plans.
The entire platform operates on a native cryptocurrency called YPRED, which aims to serve not only as a means of accessing the trading ecosystem but also as an attractive investment opportunity. To maintain scarcity, the token’s total supply is limited to 100 million.
While the project as a whole holds substantial potential, the AI-driven trading market is becoming increasingly competitive, necessitating significant effort for yPredict to emerge as a leader in the field.
One of the standout features yPredict offers is its unique and enticing staking model. Unlike most others, it is fully dynamic and sources liquidity from 10% of the platform’s subscriptions, guaranteeing consistent returns. Consequently, yPredict promises staking rewards as high as 45% each quarter.
Currently in the presale phase, the YPRED token undergoes eight stages, with each subsequent stage increasing the token’s price. At the time of writing, the platform is in Stage 5, with each token valued at $0.07. The presale has already raised over $1 million, and the hard cap for the project is $6,507,511.
Upon listing, the token’s price will be a mere $0.12, solidifying its status as one of the most affordable cryptocurrencies available for purchase in 2023.
Ecoterra
Ecoterra represents a groundbreaking cryptocurrency project with an incredibly affordable token that is presently in its presale stage. The platform’s primary objective is to introduce ecological consciousness into the digital realm.
The official whitepaper outlines the implementation of a unique Recycle2Earn platform, which aims to enable individuals to contribute to the well-being of our planet while receiving incentives in return. By scanning their receipts for recycled products listed in the extensive database, participants can swiftly earn ECOTERRA tokens.
Holders of these tokens can engage in staking to partake in the network’s governance and receive rewards, or they can utilize them to finance various environmentally friendly initiatives endorsed by Ecoterra’s platform.
The ecosystem being developed by Ecoterra holds potential benefits for a broad range of entities, including consumers, small and large businesses, NGOs, entire industries, and even governments.
While the project’s potential is evident, it must first gain traction. This objective is being pursued through the presale, during which ECOTERRA tokens can be purchased at a progressively increasing discounted price. As of now, the token value stands at $0.00775, with a listing price of $0.01, positioning it as one of the most inexpensive cryptocurrencies currently available.
With over $3.8 million already raised, interested individuals can participate by acquiring ECOTERRA tokens using ETH, USDT, or a credit card.
DeeLance
DeeLance stands as an innovative cryptocurrency and blockchain platform tailored specifically for freelancers. It holds the distinction of being the first decentralized platform built on blockchain technology to connect freelancers with employers.
As detailed in the project’s whitepaper, the platform encompasses an entire metaverse, an NFT marketplace, and a recruitment/freelancing platform designed for diverse industries. Notably, the platform employs a novel approach to tokenization for freelance services, resulting in a more secure and reliable environment for both freelancers and recruiters.
Due to its decentralized nature, the platform is able to offer reduced commission fees, with employers being charged a mere 2%, among the lowest in the industry. However, freelancers are subject to a 10% fee, aligning with platforms like Upwork and Freelancer. Notably, DeeLance eliminates additional withdrawal fees by utilizing cryptocurrency, thereby enhancing the overall cost-effectiveness.
Supporting the platform is a native cryptocurrency known as DLANCE, which operates on the Ethereum blockchain. Currently in the presale phase, DLANCE tokens are available at a discounted price of $0.038, with a listing price of $0.057. The project has already raised nearly $900,000, with a target of $6 million by the end of June. The total token supply is set at 1 billion, with 300 million allocated for the presale.
Launchpad XYZ
Launchpad XYZ aims to assist users in discovering the next rising star, akin to the phenomenon of PEPE, before it skyrockets in value. Although this goal is ambitious, the platform provides a comprehensive suite of tools necessary for success in the Web 3 space. By striving to establish an ecosystem that encompasses insightful content and learning resources, Launchpad XYZ enables users to familiarize themselves with Web 3 and identify promising projects within this realm.
The whitepaper outlines a multitude of valuable features catering to Web 3 enthusiasts, including a trading terminal, NFT support, a library of metaverse experiences, a Web 3 wallet, and a decentralized exchange.
As highlighted in the whitepaper, the native cryptocurrency of Launchpad XYZ is the LPX token. Currently in the presale phase, the project has already attracted over $450,000 in funding. The hard cap for the project is set at $12,500,000, with a maximum token supply of 1 billion, a quarter of which is being offered during the presale.
RobotEra
RobotEra is an exciting play-to-earn and metaverse gaming project that has recently launched its presale campaign for its native cryptocurrency token, TARO.
TARO is an ERC-20 token and during the presale, a total of 270 million tokens will be distributed with no vesting period. The price of TARO will increase by 60% throughout the presale, starting from $0.02 in stage 1 and reaching $0.032 in the third and final stage.
With TARO tokens, users can purchase Robot NFTs, which are avatars that exist within RobotEra’s metaverse platform. These Robot NFTs have a limited supply of 10,000 and belong to seven different campaigns within the Taro Planet.
The metaverse platform consists of a virtual planet with seven continents, each offering players the opportunity to build new ecosystems such as theme parks and community areas. Similar to platforms like The Sandbox and Decentraland, players can expand their territories by purchasing Land NFTs.
All in-game NFTs, including the Robots and Land, can be bought, sold, and traded on RobotEra’s marketplace using TARO tokens.
In addition to owning virtual real estate, players can build various structures on their land, such as villas and swimming pools. The RobotEra whitepaper highlights that players can earn income by staking TARO tokens to earn an annual percentage yield (APY), compete for crypto rewards on quests, and charge admission fees for hosting events like concerts or museums within the metaverse.
Investors looking for cost-effective opportunities can take advantage of purchasing TARO tokens during the presale, as early entry points have historically led to significant returns for gaming tokens like The Sandbox (SAND), which has seen a 1,000x increase since its initial presale event.
The presale campaign aims to raise $6.93 million, after which TARO is expected to be listed on prominent global cryptocurrency exchanges.
During the presale, there is no vesting period for the tokens. However, only 270 million tokens (15% of the maximum supply of 1.8 billion) are available for purchase, with 3% reserved for liquidity. The majority of tokens are allocated to the rewards pool (25%) and the treasury/DAO (33%).
Swords of Blood
Swords of Blood is a new Web3 game developed on Polygon’s blockchain and aims to become a popular hack-and-slash RPG similar to Diablo. The game has already garnered a considerable community and is currently in the middle of its presale.
The presale began in late March and is currently in its second phase. Investors interested in the project can purchase the SWDTKN token for $0.070, with accepted payment options including USDT, USDC, DAI, and ETH.
As the third phase approaches in approximately three days, the price per SWDTKN will increase to $0.080. The project has witnessed significant interest and has already raised over $1.1 million by selling slightly over 29 million tokens. With 32.5 million SWDTKN available, the second phase may conclude before the scheduled end time due to high demand.
Swords of Blood is an AAA-quality, fast-paced, free-to-play hack-and-slash RPG with visually impressive combat and graphics. It offers various game modes, including Campaign, PVP, Boss Fortress, Daily Dungeons, Event Dungeons, and Monster Hunt. Campaign mode features multiple difficulty levels, Monster Hunt involves facing waves of increasingly powerful monsters, and Boss Fortress allows teams of up to four players to battle formidable bosses.
The game also plans to offer micro tournaments, NFTs, a 150-hour expansion pack, and potentially even VR capabilities. While the play-to-earn trend may be subsiding, Swords of Blood has the potential to reignite interest in the Web3 gaming sector as a standout “killer app” game.
Scorpion Casino
An attractive opportunity in the world of cryptocurrencies is SCORP, a low-priced token that is currently worth considering for investment. Scorpion Casino, the host of SCORP’s presale, offers enticing discounts to potential investors. The platform’s standout feature is its passive income option, allowing users to stake SCORP and potentially earn up to $10,000 per day.
Scorpion Casino provides both short-term and long-term returns that make it an excellent investment option. Here’s why:
Scorpion Casino is an online social gambling platform that grants access to a wide array of 210 casino games, including popular options like slots, blackjack, roulette, and poker.
Moreover, the platform offers an extensive selection of 160 live games and various sports betting contests, covering events such as football, tennis, American football, horse racing, basketball, golf, boxing, and MMA.
The platform incorporates a reward redistribution system, ensuring passive yields for its users.
To support the long-term value of the token and safeguard it from market volatility, SCORP has implemented a deflationary burn mechanism, adding to its appeal.
Scorpion Casino is a highly credible platform with regulatory licensing from Curacao EGaming. It collaborates with reputable entities like BetRadar and CoinsPaid to provide an exceptional user experience. Notably, it partners with major game providers such as Evolution, NetEnt, Play N Go, Novomatic, EGT, and AMATIC. Additionally, the team behind Scorpion Casino is fully transparent and has completed a Know Your Customer (KYC) process with Coinsniper.
With its prominent position in the rapidly growing online gambling and betting industries, Scorpion Casino has the potential to generate significant returns for early investors. Join the Elite Scorpion Members Club during the presale to enjoy extra tokens, staking rewards, VIP service, and cashback.
Tamadoge (TAMA)
Investors searching for a cost-effective cryptocurrency option should also consider Tamadoge, a token that aims to capitalize on the immense success of previous “meme coin” projects.
Tamadoge leverages the popularity of the “Doge” craze to build a strong community backing, which is crucial for long-term sustainability. This support has already led to nearly a 2,000% increase in value from its presale price following its initial exchange offering (IEO).
In the Tamadoge ecosystem, players have the opportunity to acquire “Tamadoge pets” in the form of NFTs. These pets can be nurtured until they reach adulthood, enabling players to engage in battles against other players’ pets. Successful battles reward winners with “Dogepoints,” which contribute to their position on the monthly leaderboard.
At the end of each month, players with the highest points receive rewards in the form of TAMA tokens from the “Dogepool.”
TAMA serves as the native ERC-20 token of the Tamadoge platform, allowing users to purchase accessories and food for their pets. This intriguing NFT project also plans to integrate these pets as 3D avatars into various metaverse platforms.
The TAMA token does not impose any transactional tax, as the Dogepool is funded through fees generated from purchases made on Tamadoge’s NFT marketplace. This feature makes TAMA tokens particularly appealing from an investment standpoint since traders can retain a larger portion of their profits. Furthermore, with the upcoming listing on LBank, Tamadoge is expected to experience significant growth in this area.
During its presale phase, Tamadoge raised an impressive $19 million in just eight weeks before listing on OKX. Subsequently, it experienced substantial gains in its early trading days.
Following its launch, Tamadoge NFTs quickly became the top trending collectibles on OpenSea, generating considerable excitement among investors due to the game’s potential.
Although TAMA has experienced a temporary decline amidst the overall turbulence in the crypto market, it is currently trading at around $0.03, presenting an opportune entry point for a high-potential project. As market conditions improve and the release of its play-to-earn game draws closer, TAMA is expected to recover and thrive.
Solana (SOL)
When it comes to affordable cryptocurrency investments with exposure to the blockchain industry, Solana stands out as an excellent option. Since its launch in 2017, the Solana blockchain has garnered a reputation for its speed and scalability, two areas where Ethereum has faced challenges.
According to Gemini.com, the Solana network has a theoretical peak capacity of 65,000 transactions per second (TPS), making it 4,000 times faster than Ethereum. This exceptional speed is achieved through the innovative ‘Proof-of-History’ (PoH) consensus protocol, ensuring fast and secure transaction validation.
As the network has grown, Solana has been utilized for various purposes, including minting NFTs, developing decentralized applications (dApps), and hosting blockchain-based games. Despite currently trading 84% below its all-time high, the SOL token possesses the essential elements for a potential rebound.
Loopring (LRC)
Considered one of the most affordable cryptocurrencies to invest in within the decentralized finance (DeFi) space in 2023, Loopring offers a unique solution for scaling the Ethereum network. It utilizes “zkRollups,” a technology that bundles transactions together for efficient validation.
Loopring experienced remarkable growth in late 2021, with the LRC token surging over 880% in less than three weeks. This surge was driven by its ability to combine the best features of centralized exchanges (CEXs) and decentralized exchanges (DEXs). Users can engage in decentralized trading while accessing crucial order book information, making Loopring a formidable competitor among DeFi exchanges. This suggests that the LRC token may be undervalued at its current price.
Algorand (ALGO)
Although Algorand may not be the most beginner-friendly cryptocurrency due to its complex features, it provides a low-priced alternative within the blockchain landscape. Like Ethereum and Solana, Algorand is a blockchain network capable of executing tasks such as NFT minting, smart contract execution, and dApp hosting.
What sets Algorand apart is its experienced development team. Founded by MIT professor Silvio Micali, a recipient of the Turing Award in 2012, Algorand has been operational since 2019 and boasts a transaction capacity of approximately 1,000 transactions per second.
Shiba Inu (SHIB)
For those seeking an inexpensive investment in the “meme coin” category, Shiba Inu is a prime candidate. In late 2021, Shiba Inu emerged as one of the top-performing meme coins, experiencing a price surge of over 1,200% within a few weeks.
However, this bullish momentum was short-lived, and SHIB is currently trading around 87% lower than its all-time high. With a price of just $0.000011, Shiba Inu stands out as one of the most affordable cryptocurrencies on the market.
Looking ahead, Shiba Inu may see a potential rebound as the project’s team recently announced the development of a mobile game in collaboration with PlaySide Studios, a renowned studio that has worked with Disney and Pixar. This partnership has sparked optimism among investors, indicating a potential turnaround for SHIB.
RoboFi (VICS)
RoboFi is a blockchain-based DeFi platform that offers various staking services for cryptocurrencies like VICS and Ethereum (ETH). By utilizing RoboFi’s staking services, users can earn rewards on their staked assets.
The rewards obtained through RoboFi’s staking depend on the duration of the staking period and the specific cryptocurrency being staked. Typically, longer staking periods yield higher rewards, while shorter periods offer greater flexibility and liquidity. This allows users to tailor their staking strategy to align with their investment goals and risk tolerance.
In addition to staking rewards, RoboFi provides users with access to decentralized exchanges and liquidity pools, offering a comprehensive suite of DeFi services. These services not only expand users’ access to cryptocurrency markets but also provide multiple avenues for earning passive income on their investments.
Discovering Affordable Cryptocurrencies
Unearthing the most cost-effective cryptocurrencies to invest in can present a challenge, especially in light of the recent unfavorable macroeconomic conditions affecting financial markets. Nevertheless, there are several approaches that investors can employ to identify the best cryptocurrencies under $1 more easily:
Utilize Social Media Platforms
Utilizing social media platforms is one of the most effective methods for finding cheap cryptocurrencies to purchase in 2023. Although some analysts may dismiss social media channels, they can serve as valuable resources when it comes to identifying low-priced tokens.
Twitter and Reddit stand out as two of the most popular social media platforms for crypto investors. Additionally, several TikTok crypto accounts offer comprehensive reporting on new and exciting projects. While it’s important to exercise caution, as not all information on social media is accurate, these networks can serve as valuable tools for analysis.
Analyze Price Charts
Naturally, examining the price chart of a token is an excellent way to determine its affordability. The perception of a token as “cheap” is subjective, as one token may be considered low-priced at $10 while another might be seen as overpriced at $0.50.
The actual dollar value of a digital currency has become less important nowadays, given that many reputable cryptocurrency exchanges, such as eToro, allow for fractional investing. By scrutinizing the price charts of various tokens, it becomes easy to identify those currently trading at a discount compared to their previous highs.
Stay Abreast of Crypto News Events
Keeping oneself informed about the latest crypto news can be another effective way of identifying cheap cryptocurrencies. A prime example of this is Ethereum’s upcoming transition to a Proof-of-Stake (PoS) blockchain, which is considered one of the most significant events in the market’s history.
If this transition proves successful, it will undoubtedly contribute to the thriving NFT and DeFi markets. However, despite this potential, ETH is still trading well below its all-time highs, suggesting that the project’s true value might not yet be reflected in its price. While this is just one example, similar instances exist throughout the market.
Take Note of Major Economic Events
Major economic events, such as interest rate announcements, can significantly impact the crypto market. As interest rates rise, so does the decreased appeal of “risky” assets like cryptocurrencies. Consequently, this often leads to a market downturn. Being aware of interest rate announcements can also help investors identify cheap cryptocurrencies. If rates are lowered, the market tends to experience a bullish rebound, making low-priced cryptos appealing investment opportunities before any rate increase occurs.
Seek Out ICOs & IEOs
Lastly, those seeking the best long-term crypto investments may want to consider participating in Initial Coin Offerings (ICOs) or Initial Exchange Offerings (IEOs). These events offer investors the chance to purchase cheap cryptocurrencies, as tokens are typically offered at a discount.
However, it’s crucial to bear in mind that ICOs and IEOs carry significant risk, as many have led to scams or fraudulent activities in the past. Therefore, it’s advisable to consider projects like Battle Infinity or Tamadoge, both of which are KYC-verified on CoinSniper and have undergone thorough auditing by SolidProof.io.
Is Investing in Cheap Cryptocurrency Wise?
Many promising cryptocurrencies feature low prices, yet their affordability does not diminish their value. Presented below are four reasons why cheap cryptocurrencies can still be considered excellent investment opportunities:
High Potential for Returns
Common sense dictates that low-priced cryptocurrencies possess significant potential for upward growth. Those in search of the next explosive cryptocurrency often discover exciting projects by focusing on cheap cryptos and investing in them.
Suitable for Day Traders & Scalpers
Low-priced cryptos are ideal for active traders, as small price movements can result in substantial gains. While liquidity may be lower for cheap cryptos, their price movements, both bullish and bearish, can be significant.
The best cryptos for trading are often those with low prices and high accessibility, making them excellent choices for day traders and scalpers. Furthermore, since active traders often engage in both buying and selling, the direction of a coin’s price is less relevant.
Potential for Passive Income Generation
While most investors seek capital gains, investing in cheap cryptocurrencies can also be appealing from a passive income perspective. Many top DeFi coins offer yield farming and staking services, which can complement the coin’s price potential.
Moreover, projects like Battle Infinity and Tamadoge provide income opportunities through their Play-to-Earn (P2E) mechanisms. Although more active than yield farming or staking, this approach presents an appealing alternative for those who prefer a hands-on approach.
One can also explore potentially lucrative coins like AiDoge, which offers staking rewards and a vote-to-earn mechanism, or yPredict, with its above-average staking rewards sourced from platform subscriptions.
Exposure to Innovative and Exciting Use Cases
Lastly, many cheap cryptocurrencies are associated with new projects that offer compelling use cases. Given the saturation of the cryptocurrency market, new projects must differentiate themselves by providing unique utilities.
Identifying projects with valuable use cases can provide exposure to future price growth. Quality use cases often lead to increased token demand, resulting in upward price momentum.
About RoboFi
Robofi is a Defi platform that envisions a marketplace for revolutionary Dao crypto trading bots. Through its IBO (Initial Bot Offering) system, community members can maximize their earnings in an easy, simple, and secure way. We create a safe and transparent environment based on blockchain technologies that help developers bring crypto trading bot platforms to the market. In addition, individuals will have easy access to these bot applications, thereby generating more earning opportunities. RoboFi ecosystem is fueled by the VICS token.
About VICS
VICS token has a distinctive and enticing concept. VICS is the BEP-20 token, built on the Binance smart chain. It is a core utility token in the RoboFi ecosystem, the reliable crypto trading bot marketplace. One important utility is to own the governance token of DABots and participate in an IBO (Initial Bot Offering) to receive additional incentives. VICS is available on major exchanges for trading.
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I'm Carina, a passionate crypto trader, analyst, and enthusiast. With years of experience in the thrilling world of cryptocurrency, I have dedicated my time to understanding the complexities and trends of this ever-evolving industry.
Through my expertise, I strive to empower individuals with the knowledge and tools they need to navigate the exciting realm of digital assets. Whether you're a seasoned investor or a curious beginner, I'm here to share valuable insights, practical tips, and comprehensive analyses to help you make informed decisions in the crypto space.
