Six promising cryptocurrencies under $10 to buy in 2024

Anticipating a significant surge in the cryptocurrency market following the anticipated Bitcoin halving event in April 2024, experts are predicting substantial price increases. We’ve analysed six coins that can be purchased for under $10 and have the potential for substantial gains as asset prices rise.

1. Toncoin (TON)

Toncoin (TON) is the native token of the TON blockchain, developed by Telegram Open Network. TON is a decentralised platform aiming to rival platforms like Ethereum and EOS. TON offers a wide range of features, including decentralised applications, smart contracts, and data storage. Here are some key reasons to consider buying Toncoin:

• Scalable and fast platform: TON can handle millions of transactions per second, making it one of the fastest and most scalable blockchain platforms on the market.
• Decentralised ecosystem: TON is a decentralised platform, meaning it is not controlled by any single company or government. This makes TON more resistant to censorship and interference.
• Wide range of features: TON offers a wide range of features, including decentralised applications, smart contracts, and data storage. This makes TON a versatile platform that can be used for various purposes.

2. NEAR Protocol (NEAR)

NEAR Protocol (NEAR) is a blockchain platform designed for building decentralised applications. The platform was developed by former Microsoft and Google engineers and launched in 2020.

NEAR is known for its transaction speed, which rivals fiat payment systems and low fees. The project is actively developing with frequent updates and collaboration with the Arbitrum platform to improve Ethereum’s performance.

NEAR’s price started rising rapidly after a community activity surge in December 2023. The number of active wallets grew to 1 million, and the number of transactions increased by 170%. Trading volume has grown 11 times during the past six months. NEAR can be easily purchased on the EXMO.com platform.

3. Dogwifhat (WIF)

WIF is a meme coin based on the Solana blockchain. It gained significant popularity in 2024, demonstrating impressive growth and attracting investor attention. Here are some reasons why WIF could continue to grow:

• Rising popularity of meme coins: Meme coins like Dogecoin and Shiba Inu have experienced significant growth in recent years, and WIF could be the next meme coin to replicate their success.
• Strong community: Dogwifhat has an active and enthusiastic community that actively promotes the coin on social media and forums. The community plays a vital role in driving WIF’s price growth.
• Listing on new exchanges: WIF was recently added to listings on Binance, com, and other popular cryptocurrency exchanges. This could lead to increased coin availability and attract new investors.
• Positive news and events: Any positive news or events related to WIF could lead to a significant increase in its price.

4. XRP (XRP)

XRP is a digital currency developed by Ripple Labs. It is designed for fast and cheap international money transfers. XRP is used by banks, payment systems, and other financial institutions to facilitate cross-border payments. Here are some reasons to invest in XRP:

• Fast and cheap transactions: XRP can process transactions within seconds for very low fees. This makes it ideal for international transfers, which can be slow and expensive using traditional methods.
• Growing adoption: XRP is used by many banks, payment systems, and other financial institutions. Adoption could further increase in the future, leading to growing demand for XRP.
• Strong team: Ripple Labs is a company with an experienced team that has a successful track record in the financial industry. The team can help XRP achieve its goals and realise its potential.
• Technological innovation: Ripple Labs is continuously improving XRP’s technology, making it faster, more secure, and more scalable. This can help XRP maintain its competitive edge in the market.

5. Ethena (ENA)

Ethena (ENA) is a new cryptocurrency based on the Ethereum blockchain. It offers an innovative synthetic dollar protocol, USDe, that aims to address some of the issues with existing stablecoins. Here are some reasons why ENA’s price is expected to rise:

• Unique synthetic dollar protocol: USDe, created by Ethena, uses a decentralised mechanism to maintain its value. This sets it apart from stablecoins like USDT and USDC, which are backed by fiat currencies or assets. ENA’s decentralised approach could make USDe more stable and reliable.
• Growing demand for stablecoins: Stablecoins are becoming increasingly popular among investors and traders seeking a safe haven for their funds or a way to trade cryptocurrencies without significant price fluctuations. ENA could capture some of this growing demand due to its unique protocol and benefits.
• Strong team: Ethena is backed by an experienced team of developers and crypto experts who have a successful track record in the blockchain industry. The team can help ENA achieve its goals and realise its potential.
• Growing ecosystem: Ethena is expanding its ecosystem by adding new products and services. This could lead to greater use of ENA and increased demand for the token.

6. Tether (USDT)

While this list focuses on high-growth potential coins, there’s also a strong case to be made for including a stablecoin like Tether (USDT) in your crypto portfolio. Here’s why:

• Stability and reduced volatility: USDT is a stablecoin pegged to the US dollar. This means its price remains relatively stable compared to other cryptocurrencies, offering a hedge against market volatility.
• Liquidity and ease of use: USDT is one of the most widely traded cryptocurrencies, making it highly liquid and easy to buy, sell, or use for trading other crypto assets.
• Safe haven and gateway: during periods of market downturn, investors often flock to stablecoins like USDT to preserve their capital. Additionally, USDT can be a convenient entry point for new investors looking to explore the crypto market without facing the immediate risk of high price fluctuations. What’s more you can easily buy USDT with Nigerian Naira (NGN) on EXMO.com!

Of course, like any other cryptocurrencies, the above-mentioned assets are subject to volatility risks. Their price can vary significantly depending on market conditions. Therefore, it is important to do your own research before investing in these assets.