The 8 Best Cheap Crypto to Buy Now for Long-term Gains (2024)

For those new to the scene, the future of crypto has been looking bleak lately. With market losses across the board in 2022 due to the collapse of big names in the crypto industry, such as FTX, combined with challenging global economic conditions, there’s no disguising that the last twelve months have been a struggle for the crypto industry.

However, seasoned crypto investors know that markets are cyclical and that as bear markets take hold, there’s often excellent coin value to be found before markets turn bullish again. Here are eight of the best cheap crypto to buy now as market conditions look set to ease in 2023:

• Shiba Memu (SHMU)
• Chancer (CHANCER)
• AltSignals (ASI)
• Metacade (MCADE)
• Ripple (XRP)
• VeChain (VET)
• Cronos (CRO)
• Stellar Lumens (XLM)

1. Shiba Memu (SHMU) — A cute meme coin fueled by AI

Shiba Memu is a brand new meme coin based on the adorable Japanese Shiba Inu dog. Shiba Memu uses blockchain and AI technology to do the work of 100+ marketing agencies in real time, aiming to become known as a crypto marketing powerhouse.

Shiba Memu learns from successful marketing strategies, writes its own PR and promotes itself across relevant forums and social networks. It will be able to generate content based on the data that its AI continually analyzes, publishing this on several online platforms. It will then monitor and analyze the success of its marketing efforts and adjust them accordingly, constantly learning and improving content in order to optimize results. Additionally, it will personalize all forms of content to ensure that the audience is engaged and more conversions happen.

Unlike many meme coins which lack any purpose and rely solely on initial hype before dropping in value, Shiba Memu is here to stay. The SHMU token, unlike others in the market, has real utility and a solid use case. Its automated nature means marketers can use Shiba Memu to perform time-consuming tasks so they can focus their efforts elsewhere. Shiba Memu therefore has long-term value, separating it from other meme coins. Therefore, it has potential to increase in value, making it a good investment prospect for meme fans and crypto enthusiasts alike.

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2. Chancer (CHANCER) — Revolutionizing the betting industry

Chancer is the world’s first blockchain-based decentralized predictive markets app aiming to take the betting and gambling industry by storm. As a betting facilitator, Chancer removes the middlemen — the bookmaker or house — and empowers users to create their own bets on independent odds. All sorts of bets can be made on Chancer, from a small bet among friends, to a global, viral bet on big events such as the Superbowl or the Oscars. The beauty of Chancer lies in the fact that it doesn’t limit users to sports betting; you can bet on absolutely anything. Also, there’s no house to lose to, so the odds are never stacked against the user.

All bets and pay-outs are made in Chancer’s native token, CHANCER. The entire ecosystem is driven by CHANCER tokens. Players will be rewarded with CHANCER tokens simply for placing bets and engaging with the platform, as well as discounts on bets — ideal for regular bettors and a good means of passive income.

The betting and gambling industry was worth $64 billion in 2022 alone, and is only set to grow. Chancer aims to take a large chunk of the market through its disrurptive platform. The straightforward, transparent nature of the platform will draw interest from both regular bettors and those who have never engaged in betting before due to bookmakers stacking the odds against them. Considering that the entire platform is fuelled by CHANCER tokens, there’s every chance that the token will appreciate in value, making healthy gains for bettors and investors alike.

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3. AltSignals (ASI) — Delivering AI-powered trading signals

AltSignals is running an incredible ICO with an established record of delivering astonishing trading signals for its 50,000 users. It is now using its ASI presale to push the limits of what is possible.

AltSignals has already established itself as a powerhouse in the field of trading signals, with its AltAlgo™product having received rave reviews and playing a pivotal role in the platform delivering more than 1,500 signals with a mind-blowing 64 % success rate.

The team has now announced the development of ActualizeAI — leveraging the latest approaches in machine learning, such as reinforcement learning and natural language processing (NLP). The product looks set to revolutionize what users can expect from trading signals providers.

The ASI token will be the key to early access to the ActualizeAI experience as it develops. It also allows holders to join the exclusive AI Members Club and access certain features. Those holders can benefit from insider information on the next hot upcoming ICO, recommended utility tokens for investors, and more.

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4. Metacade (MCADE) – The best cheap crypto to buy for huge returns

Metacade is a brand-new blockchain-based virtual gaming with grand ambitions to become the biggest GameFi platform in the industry. Its wide-ranging and comprehensive plans aim to build a hangout for a massive community of like-minded gaming enthusiasts. Gamers will be able to play and earn passive income on the broadest range of play-to-earn (P2E) titles coming to the metaverse.

Funded by the native MCADE token, Metacade’s self-sufficient ecosystem is fuelled by revenue generated from internal users through coin staking and pay-to-play titles, and outside companies paying to advertise, release games, and post job vacancies in the hub. This funding contributes to the various reward schemes on the platform that stand alongside the P2E mechanism, such as Create2Earn, Compete2Earn, and Work2Earn.

While Metacade’s overarching aim is to become a community-driven platform that works for its members, it has further ambitions to be at the forefront of the explosive Web3 gaming revolution. One of the leading facets of these goals is their ground-breaking Metagrants initiative.

Launched in Q3 2023, Metagrants support the creation of new exclusive games on Metacade. Developers can submit ideas for new titles, which the MCADE community votes on, to determine which should receive funding to support their production. The most popular ideas gain crypto grants and become a reality. This ensures a steady stream of high-quality titles on the platform.

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5. Ripple (XRP) – Low-fee transaction capability makes Ripple liable for colossal growth

Ripple has been held back from fully unleashing itself on crypto markets due to Ripple Lab’s continuing legal case with the Securities and Exchange Commission (SEC) that questions XRP’s legality as a secure token. While several crypto exchanges have delisted XRP, the token retains the backing of several global financial behemoths, including Bank of America, Santander, Barclays, and the Bank of England.

Aiming to revolutionize the financial services industry with its alternative to the costly and slow SWIFT international payments system, Ripple has been explored by these global institutions for conducting day-to-day operations. With SWIFT transactions proving expensive and cumbersome, Ripple offers the same service for international payments for less than $0.01 and completes them in seconds.

A decision in the lawsuit is expected in mid-2023, and several experts believe the verdict will fall in Ripple’s favor. The continual support of global financial giants, Coinbase and thousands of XRP coin holders may help their cause. If proven correct, investors could see the value of their XRP coins, currently valued at $0.387, skyrocket, leading to enormous long-term gains.

6. VeChain (VET) – Enterprise-grand blockchain boosting efficiency and transparency

VeChain is a blockchain network aiming to boost transparency and efficiency in supply chains. Their crypto solutions allow companies to track products across the supply chain from the manufacturer to the end client. The ultimate aim is to improve security against counterfeit goods and fraud and provide each stakeholder in the supply chain with assurance and total transparency throughout the process.

Among the companies that have begun using VeChain’s solutions are big names in the automotive industry, such as BMW and Renault. At the same time, PriceWaterhouseCoopers (PWC) and Walmart China have also demonstrated the real-world viability and value of the platform.

Plans for 2023 include a move into carbon management, given that the increased focus on net-zero sustainability could see VeChain’s native VET coin gain traction. Their VeCarbon CO2 emission management SaaS platform launched in 2022 and is already beginning to be adopted by businesses and governments to achieve their carbon-neutral goals.

The value of VeChain is already apparent with the number of enterprise organizations successfully adopting the platform. VeCarbon’s launch provides them with a huge opportunity to bring eco-sustainability to help shape the future of crypto markets. The current VET price of $0.02 looks like excellent value for the long-term investor.

7. Cronos (CRO) – Crypto giant sets the standard for other exchanges

Cronos is the native currency of one of the leading centralized crypto exchanges, Crypto.com, which has more than 70 million global customers while providing the industry’s most comprehensive insurance coverage and verified proof of reserves.

The native CRO token allows users to take advantage of several crypto products and financial service solutions available through Crypto’s extensive network. Featured benefits include discounts on trading fees, collateral-backed lending solutions, payment solutions, interest-accumulating accounts, and a visa debit card, which allows holders to earn cashback rewards in CRO coins.

Cronos has a compelling use-case fuelling Crypto.com’s network that allows the platform to provide its leading range of services, making it a hugely attractive prospect during current bear market conditions for long-term investors to make significant gains. The current CRO price of $0.072 is undervalued for such a leading crypto platform, making it one of the best cheap cryptos to buy now.

8. Stellar Lumens (XLM) – Facilitating powerful cross-border payment capability

Stellar Lumens is an open-source payment protocol that leverages networks to create cross-asset transfers, which has proven to be particularly useful in facilitating international payments. Created by the Stellar Development Foundation, the network allows seamless exchanges between different currencies almost instantaneously.

The rich potential of XLM could revolutionize global markets by providing customers with access to a quick, cheap, and efficient way of funding worldwide purchases. Indeed, the network’s capability provides enterprise-grade functionality allowing banks, governments, and global organizations to use its platform.

XLM creates excellent interoperability between these institutions to allow the quick and secure movement of money across the Stellar network. As the implementation of blockchain-based financial solutions looks set to shape the future of crypto platforms, XLM is well-placed to become a market leader. As such, with its current value of $0.0867 trading at such a low level, investors have access to an excellent long-term opportunity by purchasing XLM tokens now.