Top 10 cryptocurrencies under US$10 to buy in February 2024
Cryptocurrencies are digital assets that rely on cryptography to secure transactions and limit the creation of new units. They are decentralized, which means they do not require a central authority or mediator.
1. Cardano (ADA): Cardano is a blockchain platform that aims to provide a more scalable, secure, and sustainable foundation for dApps and smart contracts. Cardano has been steadily developing and upgrading its platform, launching smart contract functionality in September 2023, and introducing new features and partnerships in 2024. As of January 30, 2024, Cardano’s price was around US$2.50, with a market cap of US$80.6 billion.
2. Polkadot (DOT): Polkadot is a blockchain platform that aims to enable interoperability and scalability among different blockchains. Polkadot has been growing its ecosystem and community, launching its first batch of Parachains in November 2023, and attracting more developers and projects to its platform. As of January 30, 2024, Polkadot’s price was around US$9.80, with a market cap of US$9.8 billion.
3. Uniswap (UNI): Uniswap is a decentralized exchange (DEX) that allows users to swap any ERC-20 tokens without intermediaries or fees. Uniswap has been leading the decentralized finance (DeFi) sector, facilitating over US$1.5 trillion in trading volume in 2023, and launching its third version in May 2023, which introduced features such as concentrated liquidity and multiple fee tiers. As of January 30, 2024, Uniswap’s price was around US$8.50, with a market cap of US$4.3 billion.
4. NEAR Protocol (NEAR): NEAR Protocol is a blockchain platform that aims to provide a scalable, user-friendly, and developer-friendly environment for dApps and smart contracts. NEAR Protocol has been expanding its ecosystem and adoption, launching its mainnet in October 2023, and partnering with projects such as The Graph, Chainlink, and Filecoin. As of January 30, 2024, NEAR Protocol’s price was around US$3.20, with a market cap of US$1.6 billion.
5. Filecoin (FIL): Filecoin is a decentralized storage network that allows users to rent out their unused storage space and earn tokens in return. Filecoin has been enhancing its network and performance, launching its mainnet in October 2023, and reaching over 10 exabytes of storage capacity in January 2024. As of January 30, 2024, Filecoin’s price was around US$7.50, with a market cap of US$1.5 billion.
6. Avalanche (AVAX): Avalanche is a blockchain platform that aims to provide a fast, secure, and scalable infrastructure for dApps and smart contracts. Avalanche has been attracting more users and developers to its platform, launching its mainnet in September 2023, and introducing new features and partnerships in 2024. As of January 30, 2024, Avalanche’s price was around US$6.80, with a market cap of US$1.4 billion.
7. Cosmos (ATOM): Cosmos is a blockchain platform that aims to create a network of interoperable and sovereign blockchains. Cosmos has been developing and expanding its network, launching its first IBC-enabled blockchains in March 2023, and supporting more projects and applications in 2024. As of January 30, 2024, Cosmos’s price was around US$5.60, with a market cap of US$1.2 billion.
8. Chainlink (LINK): Chainlink is a decentralized oracle network that connects smart contracts to real-world data, events, and services. Chainlink has been enhancing its network and functionality, launching its second version in April 2023, and integrating with more blockchains and platforms in 2024. As of January 30, 2024, Chainlink’s price was around US$4.50, with a market cap of US$1.9 billion.
9. Stellar (XLM): Stellar is a blockchain platform that aims to facilitate fast, cheap, and secure cross-border payments and remittances. Stellar has been improving its platform and adoption, launching its second version in November 2023, and partnering with projects such as MoneyGram, Circle, and Visa in 2024. As of January 30, 2024, Stellar’s price was around US$0.30, with a market cap of US$6.8 billion.
10. Tezos (XTZ): Tezos is a blockchain platform that aims to provide a self-amending and self-governing infrastructure for dApps and smart contracts. Tezos has been advancing its platform and community, launching its fifth upgrade in December 2023, and supporting more projects and initiatives in 2024. As of January 30, 2024, Tezos’s price was around US$2.80, with a market cap of US$2.1 billion.
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