Cryptocurrencies under $10 worth buying in 2024

Crypto enthusiasts anticipate a surge in altcoins following the bitcoin halving event, scheduled for April 2024. Why might we see other cryptocurrencies grow after this event?

1) The halving event will create excitement and make more people interested in the crypto market. This increased interest is likely to lead to a higher demand for all promising coins.

2) When the price of bitcoin goes up, some people sell it. They often reinvest the money into other coins, known as altcoins. If the growth of bitcoin slows down, investors may also sell it to find new profit opportunities.

3) Mining bitcoin becomes more difficult, and the reward for miners decreases. This makes mining less profitable for them, so they may invest their money in altcoins instead.

Understanding whether the altseason – a period when altcoins grow faster than bitcoin – has already begun can be aided by the altcoin season index.

This index is based on the performance of the top 50 cryptocurrencies. If at least 75% of them have seen greater growth than bitcoin over the last 90 days, it signals the start of the altseason. If less than 25% growth is witnessed, bitcoin’s dominance remains strong.

Altcoin Season Index on 21st March, 2024. Source: blockchaincenter.net

On 21st March, the index stood at 49%. Although the altseason hasn’t begun just yet, the market is moving toward it. It is reasonable to prepare for it by stocking up on altcoins starting now.

Wondering about promising assets you can snag at a reasonable price, say, under $10? Let’s dive in!

Toncoin (TON)

Toncoin is the token of the TON network. This platform serves as a hub for decentralised applications and services, aiming to rival payment giants like Visa and Mastercard. One of its standout features is its ability to process a whopping 100,000 transactions per second. For comparison: in 2023, Visa processed up to 65,000 transactions, while Mastercard processed only 5,000 per second.

TON/USDT graph on 21st March 2024. Source: exmo.com

TON boasts a comprehensive ecosystem of tools, and its blockchain’s versatility is truly impressive. For example, developers recently launched a game where players could mine the in-game token Notcoin, sparking a flurry of hype and activity around TON.

At the beginning of March, the coin broke through its resistance level of $2.5-2.7 – the point where its growth halted – and by now climbed above $4, continuing its upward trend.

NEAR protocol (NEAR)

Another intriguing altcoin priced under $10 is NEAR, the token of the NEAR protocol project. It’s a blockchain platform designed for developing decentralised applications which was launched in 2020 by former engineers from Microsoft and Google.

NEAR developers

Notably, the transaction speed on the NEAR network stands toe-to-toe with fiat payment systems, while its fees are nearly 10,000 times lower than that of Ethereum. Its progress is bolstered by frequent updates and strategic collaborations, including one with the Arbitrum platform to enhance Ethereum’s capabilities.

NEAR witnessed rapid growth fueled by a surge in community activity in December 2023. The active wallet count soared to 1,000,000, with transactions increasing by a whopping 170%. Trading volume over the last six months has skyrocketed by 11 times.

As of the end of February, NEAR was trading at nearly $4; by 21st March, it was at $6.60, which is not the limit yet.

Ripple (XRP)

Founded in 2011, Ripple platform has consistently ranked among the top 10 cryptocurrencies, in terms of market capitalisation and popularity among investors over the years.

XRP/USDT graph on 21st March 2024. Source: exmo.com

Ripple serves banks, cryptocurrency exchanges and payment applications, aiming to provide a faster and more accessible alternative to the SWIFT banking system. Among Ripple’s clients are major players in the financial sector from over fifty countries, including Bank of America, American Express and TransferGo.

In recent years, the asset has attracted attention due to a legal case by the SEC regarding whether XRP should be considered a security. While the case is ongoing, Ripple’s local victory in court last year shook the crypto world. The coin showcased its true potential and growth velocity when not “constrained.”

On 21st March, XRP is trading at nearly $0.6. Our analysts forecast that during the altseason, its price could climb to at least $1.5, and ideally even surpass the $2 mark.

Stablecoins

Speaking of wise crypto purchases under $10, it’s worth mentioning stablecoins. Because their value is pegged to the U.S. dollar or other assets, they provide a reliable way to safeguard funds, especially during periods of high volatility like altseasons.

Among these types of coins, classics like USDT and USDC, as well as DAI – the token of the MakerDAO project – are solid options, all backed by the U.S. dollar. And if you need stablecoins pegged to the euro, EURT is worth a look.

Stablecoins are less likely to experience big price swings due to their connection to traditional assets, but you can still profit from them.

Our Earn program provides this opportunity. Simply sign up on EXMO.com, purchase stablecoins and start a subscription. You can earn up to 9%, or even 65 % annually on USDT, USDC and DAI assets during the first month of your subscription.

Other assets covered in the article are also available for purchase on EXMO.com for as little as $2, and TON and NEAR are available in the Earn program. So, there’s no need to wait for the altseason – you can start getting the most out of these assets right away.