Looking to Buy the Dip? Here Are 4 Cheap Cryptos to Consider

Bitcoin just breached the $95K mark despite bad economic data emerging from the U.S. yesterday. This reflects the market’s optimistic sentiment and marks another step toward the next bull market rally.

The $95K mark is crucial in Bitcoin’s trajectory. As long as BTC manages to stay above this level, then a new all-time high (ATH) could be within reaching distance.

With that in mind, let’s look at some of the best cheap crypto to buy and capitalize on the current trend.

Layer 1 Blockchains

Investing in cheap layer 1 blockchains often yields some big gains. For instance, if you invested in Sui one year ago, you’d now be sitting on a 212% gain. But looking ahead, Sei (CRYPTO: SEI) may be a better option.

Both projects have similar characteristics: they’re new, fast and low-fee layer 1 blockchains – but Sei has a lower market cap and will soon be faster.

Sei is building toward a maximum theoretical capacity of 250,000 transactions per second (TPS), while Sui’s is 197,000. But despite this speed advantage, Sei’s market cap lags behind.

While Sei is valued at $1.1 billion, Sui is valued at 10x more at $11 billion. Of course, we can’t compare speed and market cap and deduce that Sei should be worth the exact same as Sui. Other factors such as value capture and adoption will also come into play.

However, this does paint a clear picture that Sei has serious untapped potential right now.

BTC Bull Token

BTC Bull Token is another cheap project that could be massively undervalued. And it might have room for a lot more than a 10x gain.

It’s a Bitcoin-themed meme coin being built on the Ethereum blockchain – and it’s the first-ever cryptocurrency to pay its holders real Bitcoin rewards.

The project will track Bitcoin’s price and run $BTC and $BTCBULL airdrops at key milestones, starting when it hits $100K. These BTC and BTC Bull Token airdrops will continue with every $50K price increase afterward until Bitcoin hits $1 million.

According to the project’s website, 15% of the total BTC Bull Token supply is reserved for the “BTC Fund,” which will be exchanged for Bitcoin and airdropped to BTC Bull Token holders.

BTC Bull Token is currently in the presale stage and has already raised $5.1 million.

In the last cycle, Dogecoin (CRYPTO: DOGE) reached a $73 billion market cap without any utility or community rewards. So, considering that the leading cryptocurrency backs BTC Bull Token and it has a true triple-digit million-dollar fundraising goal, this could prove one of the most undervalued cryptos on the market.

Solana Meme Coins

Troll is a new Solana-based meme coin that’s quickly gaining attention. It’s named after the classic “Troll Face” meme, which first appeared in 2008.

The meme gradually rose to prominence from there and is now arguably one of the most well-known memes on the internet, so the Troll cryptocurrency has a huge addressable market.

Troll launched in late April and got off to a blazing-fast start. It has been covered by both mainstream crypto analysts and traders who are deeper within the Solana meme coin “trenches.”

According to SOL Scan data, Troll now has more than 14,000 holders, and this figure is increasing rapidly with every passing day. Meanwhile, it has a market cap of $30 million, which is still relatively small for a meme coin.

For perspective, two meme coins launched in 2024 based on internet memes, Chill Guy Token and Moo Deng Token, reached respective market caps of $560 million and $613 million.

Alpaca Finance

Next up is Alpaca Finance (CRYPTO: ALPACA), which has been heating up rapidly this week, but there appears to be plenty more room for growth.

The project has surged by a staggering 927% in the last seven days. However, with a $77 million market cap, it’s only the 415th largest cryptocurrency.

Its recent momentum indicates that all eyes are on the project, while its low market cap means it could continue to explode if it can retain the market’s attention.

So, what exactly is Alpaca Finance? It’s a BNB Chain DeFi project that focuses on providing its users with strong yield.

It’s the largest lending protocol on the BNB Chain, which makes it somewhat comparable to Aave (CRYPTO: AAVE) on Ethereum. But while Aave is valued at $2.5 billion, Alpaca is valued at $7