With the crypto market experiencing healthy trading volumes, many traders are on the lookout for the next cryptocurrency to hit $1 in 2024. While predicting this is not an exact science, there are several factors to consider when looking for the best low-priced crypto to invest in. Here are some of the top contenders:
- Flux (FLUX): Flux provides decentralized cloud infrastructure, which is valuable for Web3 developers looking to test and run programs without the high cost of acquiring personal computing power. FLUX tokens offer discounted services on the platform. Trading at $0.94, with a market cap of $329 million, FLUX has shown a 96% increase in the last 12 months, making it a strong candidate to reach $1 in 2024.
- The Graph (GRT): The Graph focuses on indexing information on the Ethereum network, aiming to make Web3 information more accessible. With a current price of $0.31 and a market cap above $3 billion, GRT has seen a 28% increase in the month and 166% increase in the year, showing growing interest in the project.
- Hedera Hashgraph (HBAR): Hedera aims to be faster, more compliant, and more scalable than Ethereum. With a price of $0.11 and a market cap of $3.8 billion, HBAR has attracted attention from retail and institutional investors alike.
- Stellar (XLM): Stellar focuses on cheap cross-border payments with cryptocurrency, partnering with IBM for industrial-level cross-border payments. Trading at $0.10, XLM has shown relatively stable pricing, ranging between $0.07 and $0.16 in the last 12 months.
- Basic Attention Token (BAT): BAT is associated with the Brave browser, aiming to let users earn money for their online data and for interacting with ads. Trading at $0.23, BAT has a market cap of around $368 million.
- Harmony (ONE): Harmony aims to make blockchain transactions fast and secure, focusing on interoperability with other blockchain networks. With a price of $0.02 and a market cap of $271 million, ONE has increased in price by 43% in the last year.
It’s important to note that investing in cryptocurrencies carries risks, especially with smaller market cap coins that can be more volatile. Always do your own research and practice proper risk management when considering investments in cryptocurrencies.
