For me cheap coins are priced under 1 cents..
Yeah youre right. I only invest on altcoins where the price is ranging only 0.01 to 0.05 and with low supply coins ,maybe 100,000,000 is enough.
Don't know why cheap and hot altcoins as a prerequisite for most participating in altcoins. Don't we value and look at the tech or anything else that provides value? I don't look for cheap and hot alts, therefore I can only recommend low supply altcoins. My personal favorites out of those include Zcash (ZEC) and Byteball (GBYTE), supplies are 3.3m and 645k respectively.