Cheapest Cryptocurrency to Buy in August 2022

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Some of the most successful cryptocurrency projects – such as Bitcoin and Ethereum, are considered expensive. After all, in order to buy at least one token, investors will need to fork out more than a thousand dollars.

Therefore, in this guide, we explore the cheapest cryptocurrency to buy in 2022 for maximum upside potential.

10 Best Low Price Crypto Projects to Invest in – Full Analysis

Although all cryptocurrency assets are both volatile and speculative in nature, certain tokens are perhaps more suitable for beginners than others.

Below, we take a deep dive into the 10 best beginner crypto to invest in right now.

1. Tamadoge – Earn Crypto Rewards Through an Innovative P2E Pet Game With Immersive Experiences

Tamadoge is tipped to become one of the best NFT games of the year, with the project still in its early stages of development. The main concept of the Tamadoge platform is that users will be able to mint virtual pets. In doing so, a randomly generated pet will be represented by an NFT – which is subsequently stored on the blockchain.

Each randomly-generated pet will have a number of characteristics and traits – some of which will be rarer than others. The rarer that each pet is, the more valuable it will be to players in the Tamadoge ecosystem. Players can improve the capabilities of their pet by feeding it and ensuring that it is cared for at all times.

In this regard, the Tamadoge concept is very similar to the Tamagochi game that was popular in the mid-1990s. However, it goes without saying that Tamadoge has completely modernized the concept through blockchain technology, smart contracts, and eventually – a fully-fledged metaverse world.

Each Tamadoge pet will be able to enter battles with other players. This adds a P2P (player-to-player) aspect to the game, alongside a competitive motivation to success. After all, by defeating other Tamadoge players, the user will earn cryptocurrency rewards. Just like Battle Infinity, Tamadoge rewards will be paid in the project’s native token – TAMA.

The whitepaper has further ambitious objectives, most of which will come to fruition in 2023. This will include the incorporation of augmented reality into the Tamadoge metaverse – which will be called the ‘Tamaverse’. This means that via the Tamadoge app, players will be able to access immersive gaming experiences in the real world, making Tamadoge one of the hottest crypto.

This will likely offer the ability to hunt for TAMA tokens and NFTs via a visual and auditory system. TAMA will eventually trade on public exchanges like Uniswap and more. Until then, Tamadoge is in the midst of its presale launch. The presale price has been set at 1,000  TAMA tokens for each USDT invested.

This means that at a price of approximately $0.01 per TAMA, this project is offering one of the cheapest cryptocurrency to buy in 2022. In addition to USDT, the presale also supports ETH payments. Moreover, those who do not currently possess any USDT or ETH tokens can purchase the latter with the debit/credit card via the Tamadoge presale dashboard.

2. Battle Infinity – Multiverse Meets the Metaverse Through P2E Gaming and NFT Rewards

There are many core reasons why Battle Infinity is perhaps the best cheap crypto to invest in today. The project was founded in 2022 and it aims to build a diversified metaverse known as the ‘multiverse’. This will consist of six different products and services – all of which operate via a single hub on top of the Binance Smart Chain.

One of the most anticipated Battle Infinity products is the IBAT Premier League. This is a fantasy sports game that will initially begin with the IPL (Indian Premier League) but will eventually include the English Premier League, NBA, NFL, and more. Crucially, the IBAT Premier League is a multiplayer game that can be enjoyed by anyone from anywhere.

As such, as players compete with each other, prizes can be won in the form of IBAT tokens. To earn the most rewards possible, users will need their selected team of players to perform well in real-world matches. For example, if a player scores a goal, then this will reflect well for IBAT users that have the respective athlete on their team.

More multiplayer games will be added to the Battle Infinity multiverse in due course. The team behind the project – which is based in the Indian tech hub of Mumbai, is also building NFT rewards. These can be earned when playing Battle Infinity games and can subsequently be traded on an online marketplace.

There will also be an online marketplace that enables users to trade digital currencies anonymously and without needing to go through a third party. Battle Infinity will not only support IBAT, but plenty of other tokens that operate on the Binance Smart Chain. Additionally, Battle Infinity will look to build immersive gaming experiences through metaverse crypto.

All of the aforementioned products are still in the early stages of development and as such – this is reflected in the valuation of its IBAT token. With that being said, Battle Infinity has just sold out its presale token campaign – with the hard cap total being reached in just 24 days.

The campaign was originally intended to last for 90 days, which shows just how popular this crypto project is. In terms of valuation, the presale listed the IBAT token at just $0.0015. As such, this is one of the cheapest cryptocurrency to buy in 2022. Battle Infinity will be listed on Pancakeswap in the week of writing this guide – which will suit those that missed the presale.

For up-to-date information on the Pancakeswap listing, join the Battle Infinity Telegram.

3. Lucky Block – Win Prizes Through NFT Competitions Alongside Crypto Rewards

Lucky Block is not only one of the cheapest cryptocurrency to buy in 2022 – but the project has an exciting future ahead. In a similar nature to the aforementioned Tamadoge and Battle Infinity, Lucky Block is a new project that is still in its early stages of growth. It was behind one of the most successful presale crypto campaigns when the project launched earlier in 2022.

The presale priced the LBLOCK token at just $0.00015, before going on to hit highs of more than $0.009 – as per CoinMarketCap. However, the price of LBLOCK has since cooled down due to the wider bear market that the cryptocurrency industry is currently in.

In fact, as of writing, LBLOCK can be purchased at just $0.001 per token. As a result, a small investment of just $50 would yield more than 50,000 LBLOCK. With that said, LBLOCK, based on prices as of writing, is still up more than 500% when compared to its presale launch price.

In terms of the project itself, Lucky Block is primarily an NFT competition platform. In simple terms, users that buy a special Lucky Block NFT will have access to a competition of their choosing. This includes everything from a 5* holiday package and VIP tickets to the FIFA World Cup to $1 million worth of Bitcoin.

The only way to enter the respective prize draw is to hold an NFT. And, all NFT holders – irrespective of whether or not they win the competition, will earn rewards. This will be distributed in LBLOCK tokens and deposited directly into the user’s wallet. This will remain the case for as long as the user holds the NFT.

LBLOCK was originally built on top of the Binance Smart Chain and this version of the token trades on Pancakeswap. However, Lucky Block has since launched V2 of its token – which has been built on top of the Ethereum blockchain. The ERC-20 version of LBLOCK can be purchased from centralized exchanges like MEXC and LBank.

4. Shiba Inu – One of the Cheapest Cryptocurrency  to Buy at a Small Fraction of Cent

Those focusing purely on the cheapest cryptocurrency to buy in 2022 in terms of the token price might consider Shiba Inu. This meme coin, as of writing, is carrying a price of just $0.00001. This means that by investing just $50 into Shiba Inu, more than five million tokens will be purchased.

The reason that Shiba Inu trades at such a low price is that one quadrillion tokens were minted. As a result, even though Shiba Inu is now a large-cap project, it will always remain a cryptocurrency to buy on the dip. This is, of course, unless the developers behind Shiba Inu decide to burn a large percentage of the circulating supply.

Nonetheless, Shiba Inu is one of the most popular cryptocurrency projects in this space. It has a significant number of token holders, which is especially impressive considering that Shiba Inu was only launched in 2020. Moreover, Shiba Inu is looking to add more use cases to its token to ensure that it leaves its status as a meme coin firmly behind.

At the forefront of this is the Shiba Inu metaverse. SHIB will be the primary currency of its metaverse and users will be able to play games and even buy virtual real estate. There will be more than 100,000 individual plots that can be purchased by investors and subsequently turned into digital experiences.

Cryptoassets are a highly volatile unregulated investment product. 

5. DeFi Coin – DeFi Coin – Up-and-Coming DEX With Cheap Cryptocurrency Token

Another area that investors might consider gaining exposure to is decentralized finance (DeFi). This growing sub-sector of the cryptocurrency space enables everyday consumers to access financial services without going through a conventional bank or intermediary. Instead, transactions are conducted on a peer-to-peer basis.

At the forefront of this growing marketplace are DeFi Coin and the DeFi Swap exchange. The latter is a decentralized exchange (DEX) that is backed by the DeFi Coin and it offers a variety of crypto-centric products. This includes yield farming, which provides DeFi Swap with the liquidity required to offer decentralized token swaps.

Those that provide DeFi Swap with tokens will, in turn, be paid a share of any trading fees collected by the exchange. Another way that investors can generate a yield on DeFi Swap is through staking. DeFi Swap also allows users to trade crypto tokens anonymously and without needing to open an account.

DeFi Swap was originally launched in 2021, albeit, the project is still in the core stages of developing its exchange. The team of developers has noted that they want the exchange to be 100% watertight before launching to the public. Until then, investors can buy DeFi Coin at an attractive price. As of writing, it is trading at just $0.14 – so it’s one of the cheapest cryptocurrency to buy in 2022.

Read More: Find out why DeFi Coin represents one of the best penny crypto to buy this year.

6. Stellar – Cheap Crypto Backing the Stellar Payments Network

Stellar is an established cryptocurrency and blockchain project that offers global transactions to the unbanked. By using Stellar to transfer funds, the sender will pay a tiny fraction of a cent. Moreover, not only can Stellar handle up to 1,500 transactions per second, but transfers typically take 4-5 seconds to become verified on the blockchain.

In addition to serving the unbanked, Stellar is also forming partnerships with globally-recognized brands. Circle, MoneyGram, and IBM. The aforementioned companies are able to use the Stellar network to perform cross-border transactions across one or more currencies in a fast and cost-effective way.

The Stellar Lumens token – otherwise referred to as XLM, is the crypto token that bridges the gap between fiat and blockchain assets. It is also one of the cheapest cryptocurrency to buy in 2022 – not least because as of writing, it is trading for less than $0.13 per token. Stellar can be bought from many tier-one exchanges with a debit/credit card – including eToro.

In terms of its performance, CoinMarketCap data suggests that Stellar was trading at just $0.0027 in 2014. Based on prices as of writing, this represents growth of more than 4,700%. With that being said, Stellar is still trading at a major discount of 70% when compared to its 52-week highs.

Cryptoassets are a highly volatile unregulated investment product. 

7. Dogecoin – Penny Crypto and Meme Coin With Huge Online Following

Although many investors will view Dogecoin as a shitcoin, this sentiment isn’t shared by the broader crypto community. In fact, recent estimates suggest that nearly 5 million individual wallets now contain Dogecoin. At the forefront of this is Tesla CEO Elon Musk. Not only does Musk own Dogecoin, by Tesla accepts the digital currency as payment.

Dogecoin was the original meme coin and it was first launched in 2013 as a joke. The project carries the Shiba Inu dog as its logo, which subsequently inspired the cryptocurrency of the same name to launch in 2020. During the first 7-ish years of its journey, Dogecoin remained irrelevant in the crypto space.

Dogecoin carried such little interest from serious investors that it was used as a way to tip popular comments on the Reddit forum. Fast forward to early 2021 and Dogecoin eventually woke up from the dead. During the first six months of the year, Dogecoin went on to generate gains of well over 10,000%.

Dogecoin has since declined in value like the rest of the crypto market, but it remains a large-cap token nonetheless. Furthermore, Dogecoin can be purchased from pretty-much any tier one broker or exchange, which makes the investment process simple. Priced at just over $0.07 at the time of writing, Dogecoin remains one of the cheapest cryptocurrency to buy in 2022 and the best crypto under $1.

Cryptoassets are a highly volatile unregulated investment product. 

8. Polygon – Top-Rated Cryptocurrency That is Still Cheap to Buy

Polygon is a large-cap blockchain technology project that has a great reputation across the wider cryptocurrency community. In its most basic form, Polygon was created to solve the ongoing issues that Ethereum faces in terms of scalability and high transaction fees.

By using Polygon, developers can access the high level of security and trust that Ethereum offers, while at the same time benefiting from low fees and a highly scalable network. In fact, while Ethereum can still only handle approximately 16 transactions per second on its current PoW framework, Polygon can process 65,000 in the same timeframe.

This is achieved via a Layer 2 scaling solution that operates independently from Ethereum. To ensure that the Polygon network remains secure, its native crypto asset – MATIC, plays an important role. MATIC is available to buy at a sizable discount when compared to its 52-week high of $2.92. As of writing, MATIC trades for $0.92, so it’s arguably one of the best cheap cryptocurrency to invest in 2022.

Cryptoassets are a highly volatile unregulated investment product. 

9. Orchid – Low-Cost Cryptocurrency Revolutionizing the VPN Space

Orchid is a cryptocurrency project that was founded in 2017 and its native OXT token was launched to the public in 2019. The overarching concept of this project is that it aims to revolutionize the virtual private network (VPN) space through blockchain technology and decentralization.

The idea here is that users will be able to surf the internet in a fully private manner without giving away their location. While VPNs already exist, this industry is dominated by centralized operators. Those that wish to use the Orchid network for the purpose of accessing decentralized VPN services will need to store the OXT token in a private wallet.

OXT will then be used to pay for any bandwidth that is subsequently used while the VPN is in operation. This is in stark contrast to how traditional VPN suppliers work, which typically charge a fixed monthly fee. The Orchid framework is built on the Ethereum network and thus – OXT is an ERC-20 token.

Trading at less than $0.13 at the time of writing, Orchid is one of the cheapest cryptocurrency to buy in 2022. With that said, this price point amounts to a market capitalization of less than $90 million, which means that there is plenty of upside potential in the making for this project.

Cryptoassets are a highly volatile unregulated investment product. 

10. Cronos – Invest in the Broader Crypto.com Ecosystem via a Cheap Utility Coin

The final option to consider on our list of the best cryptocurrency to buy is Cronos. This is the native utility coin of the Crypto.com platform – which is now one of the largest and most popular exchanges in this space. Cronos can be used to enhance a variety of services offered by Crypto.com.

For instance, when earning interest via the Crypto.com earn tool, users will be offered a more competitive annual percentage yield (APY) when staking Cronos. Moreover, Cronos enables borrowers to access crypto loans at a lower rate of interest. Cronos also enables those using the Crypto.com exchange to buy and sell tokens at a lower commission.

Crucially, investors buying Cronos will likely look at the success of other exchange-backed cryptocurrencies. At the forefront of this is BNB, which during the 2021 bull run, surpassed a market capitalization of $100 billion. As of writing, Cronos is still one of the cheapest cryptocurrency to buy in 2022 at a price of less than $0.14. 

Cryptoassets are a highly volatile unregulated investment product. 

How to Find the Best Low Price Cryptocurrencies 

Finding the best cheap cryptocurrency to buy is no easy feat. While there are many so-called cheap cryptocurrencies in the market, just because a token carries a low cost-price does not mean that it is worth buying.

With this in mind, below we discuss the fundamentals of finding low-price cryptocurrency projects with attractive upside potential.

Sourcing the Lowest Price Crypto Coins

Before assessing the viability of a project, the first step is to create a short list of the lowest price cryptocurrency tokens. This is becoming increasingly difficult considering that there are more than 20,000 cryptocurrencies in this space.

Nonetheless, a good starting point is to visit CoinMarketCap and utilize the filters on offer. For example, those in the market for the best cheap crypto to invest in with a large market capitalization can sort the top 100 projects by price.

As per the image above, this displays the cheapest cryptocurrency from the 100 largest projects, ordered from the lowest price per token.

Search for Crypto Presales

Some of the best cheap crypto to buy that we discussed on this page are currently engaged in a presale campaign. This means that early investors will have access to the cheapest cost-price possible before the token is listed on a public exchange.

Battle Infinity was one such example, albeit, this cheap cryptocurrency saw its presale campaign sell out in just 24 days – raising the BNB equivalent of over $5 million in the process.

However, Tamadoge – which also made our list of the cheapest cryptocurrency to buy, still has its presale launch ongoing. For as long as the presale remains in place, early investors can buy TAMA at a price of just $0.01.

Look for Undervalued Crypto

During a bear market, many cryptocurrency projects are viewed as cheap. The reason for this is that as solid as the project might be, broader bearish conditions have resulted in many top-rated cryptocurrencies declining in value by a considerable amount.

For example, Lucky Block was one of the top trending cryptocurrencies in early 2022, where the newly launched LBLOCK token generated gains of over 6,000% for early investors in the space of a month. However, once the bear market kicked in, the value of LBLOCK dropped.

Therefore, this means that those in the market for the best cheap crypto to buy can access solid projects like Lucky Block at a huge discount. After all, this popular token is still trading at 88% below its prior peak.

Target Emerging Markets

While cryptocurrency and blockchain are still arguably emerging markets, there are many sub-sectors of this space that are in their absolute infancy. One such example is the metaverse.

This is a new concept that many believe could be a trillion-dollar market by the end of this decade. This is no doubt why Facebook rebranded to Meta Platforms, as the social media firm is looking to dominate this space.

With that said, there are several notable projects in the crypto market that could be better suited for the metaverse – especially when it comes to decentralization and transparency.

For example, both Battle Infinity and Tamadoge are building P2E NFT games that will center on the metaverse, alongside NFTs and crypto rewards.

And, as we discussed earlier, both Battle Infinity and Tamadoge represent two of the best cheap crypto to invest in 2022.

Are Cheap Cryptocurrencies Good to Buy?

Whether or not a cheap cryptocurrency represents a solid investment prospect remains to be seen.

Investors will need to conduct their own research into the merits and drawbacks of the respective project before parting with any money.

The main considerations to make when searching for the cheapest cryptocurrency to buy in 2022 are as follows:

Consider the Total Supply

Before researching a project, it is important for investors to understand why a cryptocurrency carries a cheap price. This all links to the total number of tokens that a project has issued, in relation to its market capitalization.

• For example, XRP has more than 43 billion tokens in circulation as of writing and the token is priced at nearly $0.38. This means that the project carries a huge market capitalization of $18 billion.
• At the other end of the scale, Starlink has 9 trillion tokens in circulation, but because its token is priced at just $0.000000001027 as of writing, it carries a small market capitalization of $45 million, making it an ideal penny crypto.

The key point here is that in many cases, a cryptocurrency is cheap because it carries a small valuation.

Increased Volatility

When a cheap cryptocurrency carries a small market capitalization, investors should be aware that this will likely result in increased volatility.

This is because the project will attract lower levels of liquidity, which means that a large buy or sell order can have a major impact on the value of the cryptocurrency.

While this might not be an issue for seasoned traders, beginners might wish to avoid cryptocurrencies that witness overly volatile pricing spikes.

Attractive Upside Potential

On the other hand, when investing in a cheap cryptocurrency with a small market capitalization, this offers the investor an attractive upside.

This is because the project will likely not need to attract a lot of buying pressure for the respective token to witness rapid gains.

Acquire a Large Number of Tokens

One of the main benefits of buying cheap cryptocurrencies is that the investor has the opportunity to purchase a large number of tokens. This is perhaps more attractive than buying a small fraction of a token – as is typically the case when investing in Bitcoin.

For example:

• Let’s suppose that the investor has $500 worth of capital to invest in a cryptocurrency
• Based on prices as of writing, $500 would get the investor 2% of a single Bitcoin token – or about 0.02 BTC
• In comparison, if the investor allocated the same $500 into the Tamadoge presale, at $0.01 each, they would get 50,000 TAMA tokens

Of course, this is a simplistic example, albeit, the key takeaway is that cheap cryptocurrencies often enable the investor to buy a huge number of tokens with a relatively modest amount of money.

Conclusion

In summary, this guide has discussed the cheapest cryptocurrency to buy in 2022 for the best upside potential possible. It is important to remember that buying a cheap cryptocurrency does not ensure any returns – as growth is dependent on market forces.

Nevertheless, one of the cheapest crypto to invest in is Tamadoge, which is due to launch on Pancakeswap this week.

This metaverse gaming project recently raised more than $5 million in BNB during its 90-day presale – with the project reaching this target in just 24 days.

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