Over the years, many cryptocurrencies have started off at cheap prices, even sub-one cent, and came up so far in price that nowadays they could even cost too much for a general working individual to afford a single coin from them, which is why many people are looking for the best cheap coins to invest in. Just to give you an idea, if you invested in Bitcoin in its first month in 2010, it would’ve cost you around $0.0008 US dollars per coin, which is less than a tenth of a cent. Fast forward 10 years, and a single bitcoin was worth almost $70,000 USD in late 2021, before a pullback to $20,000 by 2023. That means anyone who would have held 10 dollars or more worth of Bitcoin from then till now, would be a millionaire today. Successfully investing in the best cheap crypto to buy now could be like holding a winning lottery ticket. If you’re looking to find the best cheap crypto to buy now as of September 2023, look no further, as we’ve made a list of the most promising cheap cryptocurrencies to buy, so that whoever is new to the crypto industry can jump right in. Best Cheap Cryptocurrencies – Top List Wall Street Memes – Cheap Memecoin with High Potential Bitcoin BSC – Cheap Version of Bitcoin on the BNB Smart Chain Launchpad XYZ – An Inclusive Project Bridging Web 2 and Web 3 yPredict – An AI-Powered Ecosystem Which Will Provide Advanced Trading Tools Chimpzee – Cheapest Green Crypto of 2023 Tamadoge – Best crypto to integrate P2E gaming system with meme coin concepts Dogecoin – Best meme coin to invest in under $1 Shiba Inu – Cheap meme coin with super fast potential rate of growth BitTorrent – Great cheap crypto backed by a well-known global tech company Holo – Cheap cryptocurrency backed by a big attractive tech project Amp – Non-inflationary Crypto with the extensible platform for collateralizing asset transfers IOST – Backed by high TPS blockchain infrastructure to meet the security and scalability needs of a decentralized economy Best Cheap Crypto to Buy in September 2023 – Price Analysis Our list of the best cheap cryptocurrencies includes several brand-new presale projects: Wall Street Memes – Cheap Memecoin with High Potential Currently priced at $0.0253, the $WSM, which is the native token of the Wall Street Memes project, can be the perfect choice for many who are looking for a cheap crypto option. Its recent Stage 1 Presale has garnered a lot of attention too. The ongoing presale has raised $700,000 already and adding more. While the price in the current stage for $WSM is at $0.0253, it is bound to increase after this stage. They already have over 400,000 people as their community members, who regularly engage with the content these guys post on various channels, including Twitter, Meta, and Reddit. This gives them an added advantage by already becoming part of conversations and having a higher social sentiment. While many might question that it doesn’t have any specific utility, that is the entire point of it, memes are something the Wall Street Memes want to do effectively, and that’s what they’re going to do. Investors are watching the crypto to see if and when it might surge. Visit Wall Street Memes Presale Bitcoin BSC – Cheap Version of Bitcoin on the BNB Smart Chain Bitcoin BSC is here to revolutionize the crypto landscape. Unlike traditional Bitcoin, BTCBSC brings innovation through its proof-of-stake consensus mechanism and seamless integration with the Binance Smart Chain (BSC). The key difference lies in transaction speed and cost. BTCBSC transactions zip through the network in less than 5 seconds, setting you back a mere $0.10. In contrast, Bitcoin can leave you waiting for more than 10 minutes and charge over $10 during congested times. Thanks to its BSC integration, BTCBSC supports smart contracts, unlocking a world of possibilities. Stakers are the real winners, as they receive a hefty 69% of the token supply over 120 years. Staking is another key utility to watch. By staking BTCBSC, you can earn an impressive APY. It creates a win-win situation where holders get rewarded, and selling pressure is reduced, stabilizing the token’s value. BTCBSC is currently in its presale phase, offering 29% of the total token supply at a bargain price of $0.99 per token. This scarcity factor and potential leading up to the 2024 Bitcoin halving are expected to drive demand. Visit Bitcoin BSC Presale Launchpad XYZ – An Inclusive Project Bridging Web 2 and Web 3 Launchpad XYZ is a Web 3 project that aims to make it easier for people to adopt Web 3 concepts. It involves an “all-in-one” platform where all the concepts related to Web 3 can be found. According to the official whitepaper, Launchpad describes the current adoption rate of Web 3 as “fractured,” one that high technical requirements and cost-based exclusivity have marred. In response, Launchpad aims to create a platform with a “human element”. That involves a platform that is easy to interact with and allows people to connect with the Web 3 projects that suit their requirements. Launchpad XYZ has multiple features, including access to: An NFT Marketplace that allows users to create and curate NFT collections and find the best NFT projects to invest in. In-depth data on utility tokens and which exchanges deliver them. The platform also offers technical indicators to assess those tokens’ historical performance and potential. Token presale assessment tools review the historical performance of a particular market and allow users to assess and participate in transparent and legitimate token presales before anyone else. Web 3 wallet to help users interact with the different features of Launchpad Play-to-Earn hub to find the best games with excellent earning potential and gameplay mechanics. Metaverse experience library to find suitable metaverses An AI search tool that allows users to get access to suitable projects and assets quickly Finding the best projects, assets, NFTs, presales, and more requires a specialized metric. And Launchpad XYZ has formulated the Launchpad Quotient for this reason. Launchpad Quotient is a single value that denotes the risk: reward opportunity of a Web 3 project. It is derived from 400 data points and gives beginners and veterans a single reference point to pick a suitable asset. The LPX token powers the Launchpad XYZ ecosystem. It is an ERC-20 asset that allows users to interact with the different systems of Launchpad. It is also a stakable asset, which gives users access to many perks, including discounts when using Launchpad’s features like DEX or NFT marketplace. LPX is currently available as a 10-staged presale, which has already raised more than $140k. The LPX price during the first stage is 0.035 USDT, and the last stage/listing price is 0.070 USDT. Once listed, LPX can move up if it can stick to its relatively robust roadmap. It has all the modern fundamentals that sound enticing to users – from AI to simplicity. These fundamentals give Launchpad XYZ the potential to surpass Ethereum a few years from now if the crypto market is conducive to its growth. Visit Launchpad XYZ Presale yPredict: An AI-Powered Ecosystem Which Will Provide Advanced Trading Tools yPredict is a next-generation ecosystem that is the first to bring together AI experts, researchers, machine learning experts, quants, financial analysts, and traders to generate advanced trading tools. The ecosystem boasts state-of-the-art products, including analytical market tools, financial predictive metrics, and trading models. This will help provide accurate market predictions in just a few seconds. The ecosystem aims to solve the challenges and issues faced by the traditional market data analysis often done by incompetent people. Thus, lack accuracy and sharpness. The tools and models this platform provides are built with the help of the top 1% of leading industry experts, AI researchers, financial experts, and quants. Thus, it will be more reliable and correct than the traditional methods, providing a market edge to the investors who use these products. These predictive tools and metrics can be used across various industries ranging from health, and finance, to human resources. With these predictive products offered by this ecosystem, even a novice could trade like an expert. The native token of yPredict is known as YPRED. The token is based on a Polygon Matic chain. It will offer real-life utility to token holders, such as staking opportunities, consistent APY, etc. yPredict.ai presale is currently live with stage 4. The price of one YPRED is now at $0.05, which will increase to $0.12 when the token is listed on an exchange. So far, the presale has collected over $483k, more than 50% of its targeted amount. Visit yPredict Presale Chimpzee – Cheapest Green Crypto of 2023 Chimpzee, the environmentally conscious cryptocurrency, presents a unique opportunity for investors to make a tangible impact on the world without breaking the bank. With its affordable token prices and commitment to environmental causes, Chimpzee allows anyone to participate in a movement that unites financial growth and positive change. One of the most appealing aspects of Chimpzee is its affordable token prices, making it accessible to a wide range of investors. At just $0.0007 CHMPZ per token during its presale stage, Chimpzee allows everyone to enter the crypto space without spending a fortune. Moreover, despite the low entry cost, investors’ earning potential is infinite. The platform enables you to earn through multiple avenues: Shop-to-Earn, Trade-to-Earn, and Play-to-Earn. And the best part? Each of these options has a unique eco-friendly taste to it. Despite its affordable token prices, Chimpzee doesn’t compromise on its mission to make a real environmental impact. Chimpzee has significantly contributed to environmental preservation through strategic partnerships and carefully planned initiatives. These include planting 20,000 trees to restore rainforests and donating $15,000 to support elephant conservation efforts. Chimpzee’s presale is live, and early investors can win 125% free bonus tokens. Visit Chimpzee Presale Tamadoge (TAMA) Even if the Bitcoin market has been stagnant over the previous several months, there is still a promising market for reliable and cheap cryptocurrencies. Additionally, as the market slump may be nearing its bottom, cryptocurrency investors are increasingly searching for coins with beaten-down valuations. The most recent meme currency to seize the attention of investors is Tamadoge. However, unlike its kinsmen, this coin has some use. Currently, in the beta phase, it might easily be a 100x proposal. It integrates the Play-to-Earn and Tamagotchi crypto gaming phenomena into a single ecosystem. Purchase a Baby Tamadoge from the shop, raise it to adulthood, and watch as you climb the leaderboard by providing it with food, clothing, and cosmetics. As a reward for being a good parent, you see your Tamadoge develop physically and intellectually. Apart from this, one may compete against other Tamadoge in skill-based games. Tamaverse plans to create an augmented reality app. The software debuts in Q4 2023 and brings Tamadoge creatures to life in the real world. Players will find it much simpler to “stay near” their pets and care for them after the release of the native mobile application. Additionally, the application will also include a robust social networking component. Update: Tamadoge Presale has ended. It raised 19 million USDT within only 2 months and is heading to OKX on 27th September 2022. Shortly after the presale phase, Tamadoge was covered by major publications, including CNBC, that had positive words to say about this token’s potential and stated that it can rise to 10x to 50x by 2023. Buy Tamadoge on OKX Dogecoin (DOGE) Dogecoin was founded in late 2013 by software programmers Billy Marcus and Jackson Palmer. For his cryptocurrency’s design, Palmer used a meme depicting Shiba Inu dogs being described by the misspelling term “doge,” which was popular then. Cryptocurrency “poking fun” at Dogecoin, the CEO of Bitwave stated. Dogecoin’s early supporters organized marketing stunts, such as raising money to send the Jamaican Bobsleigh squad to the 2014 Olympics or sponsoring a NASCAR driver, to boost awareness of Dogecoin. Early in 2021, the Dogecoin cult was established on Reddit’s WallStreetBets chat forum, instrumental in the GameStop saga in January (until the subreddit had completely prohibited any talk about crypto). Today, Dogecoin is not a joke, having soared in value and gained more than 5,000 percent in 2021 alone. Tesla CEO Elon Musk, who calls Dogecoin his favorite cryptocurrency, is one of its biggest proponents. Musk also referred to Dogecoin as the “people’s crypto” and pledged to install an actual Dogecoin token on the moon. Buy DOGE Your capital is at risk. Shiba Inu (SHIB) Since its inception in August 2020, Shiba Inu (SHIB-USD) has amassed a community of over 714,000 supporters on Ethereum. It has a market value of $10 billion, making it the 20th most valuable cryptocurrency on the planet. Cryptocurrency investors prefer to avoid emerging altcoins like SHIB and concentrate instead on more established cryptocurrencies like Bitcoin (BTC-USD), Ethereum (ETH-USD), and Cardano (ADA-USD) (ADA-USD). When it comes to older, more established cryptos, you won’t be able to get a significant return on your investment. Shiba Inu is an excellent illustration of how quickly younger cryptocurrencies may skyrocket. A look at Shiba Inu’s history and numerous reasons why investors may want to own SHIB tokens in the long term are covered in this article. As usual, I’ll bring out a slew of essential danger variables that might impact pricing. Buy SHIB Your capital is at risk. BitTorrent (BTT) BitTorrent is a peer-to-peer (P2P) protocol designed by Bram Cohen in 2001 to share big files over the Internet. Video games, TV shows, programs, papers, and more may be transferred across devices. Torrent Classic is the name of the project client. More than 150 million people worldwide utilize Torrents to download files (170 million at its peak). BTT was designed as a cryptocurrency to encourage users of a torrent tracker to do helpful acts and service transactions. TRC-10, the cryptographic token built on the Tron blockchain, is the foundation for BTT’s debut (like the ERC-20 token on the Ethereum blockchain network). Content may be exchanged and monetized in the TRON (TRX) blockchain. Files (movies, programs) and online games may be included in a single piece of content (swords, pets, in-game currency). For example, transactions with a value of 10 cents may be lucrative thanks to TRON’s blockchain, which enables rapid and low-cost value exchange. Holo (HOT) Between the decentralized Holochain applications and the present centralized web, Holo serves as a conduit. Distributed apps may now be accessed via the conventional web browser thanks to Holo, which creates an ecosystem and a currency for peer-provided hosting services. Using Holo, anybody can convert their computer into a source of income by hosting distributed apps and receiving payment in HoloFuel. Spare storage and processing resources in the Holo software are used to deliver hApps on the old web. Hosts decide which hApps to service, how much to charge for hosting, and how to prioritize their workload. Holo is our flagship app on Holochain, and its goal is to make hApps more widely available to the general public. These individuals may not be ready to install and play with Holochain since they are unfamiliar with distributed web apps. But users can access hApps as they do now by simply inputting or clicking on a URL in their favorite web browser. Holochain is used to power Holo, a next-generation framework that is enormously scalable, tenfold quicker, significantly more energy efficient, and 10,000 times cheaper than blockchain. Buy HOT Your capital is at risk. AMP (AMP) Even if you’ve never invested in cryptocurrencies, the amp token may pique your interest as a potentially lucrative investment option. Amp’s worth more than doubled in its first year on the market after its release in September 2020. Although the price dropped 75% from its peak in June 2021, the coin is still worth nearly twice as much as it was first released, trading at around $0.025 in March. According to the Amp website, the digital collateral token Amp may protect any asset users desire to transfer, including digital payments, fiat currencies, loan distributions, and revenues from property sales. Staking is used to ensure the validity of transactions. Once the transaction has been validated, the money is released to the receiving party via smart contracts. Amp’s open-source nature means that developers may design their own applications that utilize amp to protect transactions. Flexa, an open-source digital payment processing network, was also built by Amp’s parent firm. In addition to digital dollars from the United States and Canada, Flexa also supports a variety of loyalty tokens and other digital currencies. Flexa’s token, Amp, is the most popular. Buy AMP Your capital is at risk. IOST (IOST) According to its inventors, the blockchain network IOST is very scalable and employs its own consensus mechanism, proof-of-believability. At rates of up to a few thousand transactions per second, decentralized applications may be executed on the IOST blockchain platform. IOST uses database partitioning technology called Shards to do this. IOST’s developers’ mission is to provide the most secure and scalable platform for online services in a decentralized ecosystem. The Internet-of-Service (IOS) and the term token comprise the acronym IOST. Service providers and blockchain developers searching for a quick and dependable infrastructure may benefit from the platform’s capabilities. According to reports, IOST will be quicker than the well-known blockchains of Bitcoin and Ethereum, with a transaction rate of up to 100,000 per second. Only 8,000 transactions per second are presently mentioned in the documentation. The cloud-based blockchain service After Public Chain and Ecosystem, IOST has now produced BaaS, the third iteration. This platform is intended for consortium blockchains, networks of firms with various business partners. Using the shared blockchain as a starting point, developers may create their own applications and solutions. It facilitates the rapid development of blockchain-based enterprise solutions by blockchain developers. IOST is devoted to the public and private sectors, offering corporate and government solutions. What Are Cheap Cryptocurrencies – Definition A cheap cryptocurrency is defined by its price per full token. Even though you can buy your desired value’s worth of any cryptocurrency, even if it’s a fraction of the price of a single token. For example, those who want to get into Bitcoin do not necessarily have to invest 50,000 dollars to own one Bitcoin. One can invest as much as they like and get their investment’s worth in any coin they would like, depending on the platform they use, and which decentralized network they trade on. The cheap currencies mentioned above are much smaller than Bitcoin and many other altcoins, due to their high liquidity and relatively low market caps. These coins are much more volatile than those which have reached such a large market that they have gotten as close to stable as possible, meaning investing in cheap cryptocurrencies can make you a bigger, more attractive turnover. What Is the Best Exchange for Investing in Cheap Cryptocurrencies For trading cheap cryptocurrencies, a wide variety of exchanges are available, each with a unique set of characteristics. Below are some of the most significant exchanges currently available for investing in the cryptocurrencies above and many more. Where to buy cheap cryptocurrency – eToro eToro Many of the best cheap cryptos to buy have been listed on FCA regulated crypto platform eToro. That’s the best place to buy cheap cryptos and big caps like Bitcoin and Ethereum. Through eToro, approved by the Financial Conduct Authority (FCA), clients may buy over 75 cryptocurrencies using various deposit methods, including electronic wallets like PayPal, credit cards, and bank transfers. Millions of investors and experts worldwide have voted it the best crypto exchange for 2023 in multiple evaluations. Only lately has eToro opened its doors to US investors, founded in 2007. Traders from across the globe, including the United Kingdom, Australia, and Europe, were already using the site to trade crypto, FX, commodities, ETFs, and other financial instruments. A few minutes of your time is all it takes to sign up for an account at eToro.com. The platform has a simple and user-friendly design compared to some well-known cryptocurrency exchanges. Because of its wide variety of valuable features, it is a reliable option for both rookie and expert traders. Visit eToro Your capital is at risk. How to Buy Cheap Cryptocurrencies On eToro, there are two fundamental ways to buy cheap cryptocurrencies: Using CFDs, you may speculate on the price swings of cheap cryptos without owning any of them yourself (CFDs). Regarding financial instruments, the price movement of contracts for difference (CFDs) may be advantageous to investors and traders (CFDs). Let’s examine how these two approaches stack up against one other. Purchasing the underlying asset Conventional money (USD) may only be exchanged for crypto asset tokens such as Bitcoin (BTC), XRP (XRP), or Litecoin (LTC). You don’t have to do anything; eToro takes care of the purchase and registration of the token for you. If the value of your crypto asset rises throughout your ownership, you will benefit. However, if the price falls, you’ll be out of luck. Using this method, you have complete control of your crypto assets. As a result, you have full ownership and authority over the tokens. Making purchases or exchanging them for other crypto assets is as easy as placing the tokens in your wallet or trading them for other crypto assets. You can pay for things at Bitcoin-accepting businesses with a purchase of $1,000. After purchasing the underlying asset on eToro, your crypto assets may be transferred into the eToro wallet. This is an easy-to-use, multi-crypto digital wallet. The eToro Wallet is a secure place to keep your crypto assets while allowing you to move them across wallets. See our full guide on how to buy cryptocurrency if you’re new to using online exchange platforms. Utilizing the CFD trading tactic CFDs allow you to speculate on the price movement of an item without really owning it. However, if Bitcoin prices rise to $1,000 per contract, you won’t own any BTC tokens. To trade cryptocurrency, CFDs provide two significant advantages. To begin, CFDs provide you the flexibility to trade in either direction. In other words, you can profit from upward and downward price movements. In this case, if you believe that the value of a cheap cryptocurrency would rise, you would place an order to purchase a contract for difference (CFD). A CFD contract may be used to buy and sell cheap cryptos if you believe the asset’s value will decrease in the future (a strategy known as “selling short”). CFDs may also be leveraged, allowing you to take on more risk. With just $500 in leverage, it can handle $1000. This might lead to increased profits (but also the potential for higher losses). In CFD trading, you do not own any cryptocurrency. If you want to put them in your wallet, you won’t be able to do so. Currently, eToro has paused margin trading on leverage for crypto; however, you can use Bybit, which has perpetual futures pairs. Visit Bybit Your capital is at risk. Why Invest in Cheap Cryptocurrencies By “cheap cryptocurrencies,” the investor means assets with a modest market capitalization or a low market cap, as opposed to large-cap coins. Investing in cheap cryptos or tokens is riskier since they have not yet proven themselves in the market. However, this also implies that these markets have considerably greater profit potential. Because there is still a lot of space for development, the full potential of a small-cap currency has yet to be realized. It is possible that such a cryptocurrency is still in the early phases of development and has not yet attracted a considerable following. To invest in tiny market cap assets, you must search for a project that has yet to be realized in terms of its potential. This is more difficult than it seems, and you’ll have to sift through many less-than-stellar businesses until you uncover a winner. If you want to get these brand-new assets before everyone else, you’ll probably have to be lightning-fast. Several websites and social media platforms may be used to keep an eye out for new and exciting opportunities. Risk-takers ready to put their money into these new digital currencies stand to gain significantly. Cheap cryptocurrencies tend to have low prices and minimal trade volumes. The price may be substantially altered with a tiny amount of buying or selling activity, which makes it much simpler for someone to enter the market. That’s how altcoins generate money, and you’ll have to decide whether to stay on to your investments or sell them for a profit. Even if you are confident in the future of a project, you should consider making a profit. When a cryptocurrency doubles in value, some individuals feel it’s good to withdraw half of the value for safekeeping. It’s critical to avoid taking on too much risk while investing in low-capitalization coins or tokens. Even if you have a great staff and product, you might still face challenges. Diversifying your portfolio can help you prevent significant losses. This is typically not a problem, since most small-scale initiatives are inexpensive. ‘ You may lessen your risk while still reaping the benefits of the enormous profits these blockchain startups and organizations can make by spreading your funds equally across them. Risks of Investing in Cheap Cryptocurrencies Finding an investment strategy that works for you is critical. There are advantages to investing in smaller-capitalization enterprises, but it’s not for everyone. Are you afraid of taking risks? If this is the case, you might consider using currencies with a higher market capitalization. This will enable you to take a less hands-on approach to investing. This may be the best option for those who are too busy to keep an eye on the market or learn about new ventures. This is especially true for those who find themselves panicking every time an asset loses value. Extra risk may be tolerable if you don’t mind going with the flow and don’t stress out when your assets dip. Investing in low-cap cryptocurrencies is time-consuming, and you’ll need to set aside plenty of time to thoroughly vet each project before committing your funds. You may also want to pay greater attention to your investments. Balanced investing, on the other hand, is the finest strategy. To have the best of both worlds, you can earn much money while safeguarding against a complete financial collapse. There is no one-size-fits-all answer when taking on risk, but it’s vital to know your alternatives and weigh them carefully before making significant financial decisions. How Much You Should Invest in Cheap Cryptocurrencies Investing in cheap cryptocurrencies requires a thorough understanding of how the market operates, so bear that in mind. High volatility necessitates a vigilant watch on your holdings. It all boils down to how much money you have to invest in these assets. If you’re going to invest in altcoins, keep in mind that you don’t need the money, and that you should treat it as if you were going to lose it all. Putting “necessity money” in an altcoin portfolio is not a good idea because of the volatility of these cryptocurrencies, even though it’s unlikely that someone would lose all of their money. Since Bitcoin is more reliable and may offer a hazy notion of any trends other cryptocurrencies on the market can follow, it is sensible to divide your investment savings portfolio in half between BTC and other altcoins. The advantage of using eToro to buy cheap crypto is it’s also a social trading platform where you can network with other investors and ask them for the best cryptos to buy at low prices in any given month. You can also copytrade a professional investor or replicate a Smart Portfolio of cheap altcoins. Conclusion Since the release of Bitcoin in 2010 the crypto market has shown a potential to be the world’s most sought after financial asset class. Millions across the globe are investing crypto to join the rollercoaster ride of these volatile coins – but selecting the best cheap cryptos to buy at low prices right now is a challenge. In this guide, we picked out several new projects early in their roadmap with a low valuation, including presale projects yet to be listed on exchanges and offering early investors a discount. The best cheap crypto to buy now is often one that is brand-new, priced low to draw in buyers looking for a high risk to reward (R:R) ratio. New Crypto Mining Platform - Bitcoin Minetrix Rating Audited By Coinsult Decentralized, Secure Cloud Mining Earn Free Bitcoin Daily Native Token On Presale Now - BTCMTX Staking Rewards - Over 10,000% APY Learn More FAQs What is the best cheap cryptocurrency to buy? Currently, the most promising cheap crypto to buy in 2023 is Wall Street Memes, since it is a presale memecoin project with major upsides. Where can I buy cheap cryptocurrency? Nowadays you can buy and trade cheap cryptocurrencies on loads of exchanges online, ranging from Binance to eToro and many more. How to find cheap cryptocurrency? In order to find the best cheap cryptocurrencies which have been on the market for a while, websites like CoinGecko and CoinMarketCap are great, however if you want to learn more about the more lowkey currencies that haven’t been out for very long or gained popularity, reddit groups and telegram groups are the way to go. What are some cheap cryptocurrencies? Some cheap cryptocurrencies to keep an eye on are Wall Street Memes (WSM), Dogecoin (DOGE), Shiba Inu (SHIB), and many more. Why are some cryptocurrencies so cheap? Some cryptocurrencies are inexpensive for different reasons because the blockchain and cryptocurrency industry is one of the fastest-moving in the world today. Older projects might become outdated or lose ground to a rival, and this has a negative influence on the pricing, frequently resulting in extremely low costs.