Penny cryptocurrencies are probably the riskiest kind of investments because they are altcoins that are trading for a few pennies or less than $5 per unit. Despite being high-risk investments because of their small market capitalization, they are cheap to invest in.
There are over 9,000 cryptocurrencies that you can choose from if you want to invest in cryptocurrencies. The largest cryptocurrency is Bitcoin, followed by Ethereum and other altcoins.
Before selecting the Penny cryptocurrency, it is important to understand what blockchain technology is and how they work.
We have listed the Best 7 Penny cryptocurrencies to invest in:
Stellar is open-source and decentralized. Stellar has no owner, unlike other cryptocurrencies, including bitcoin.
Stellar is an open-source network for currencies and payments. It’s designed so all the world’s financial systems can work together on a single network. Stellar makes it possible to create, send and trade digital representations of all forms of money—dollars, pesos, bitcoin, pretty much anything.
Steller is the best penny crypto asset to build your growth in a short time.
You can buy Stellar from a wide range of top exchanges – including Binance, Coinbase, Kraken, Bittrex, Bitfinex, Upbit, and Huobi.
Basic Attention Token (BAT)
Basic Attention Token (BAT) is the token based on the Ethereum blockchain that powers a new blockchain-based digital advertising platform designed to fairly reward users for their attention while providing advertisers with a better return on their ad spend.
BAT is best for itself to earn big in a short time. BAT’s approximate price is $0.923016 USD with a 24-hour trading volume of $126,181,376 USD.
Basic Attention Token can currently be traded on the majority of popular cryptocurrency exchange platforms and currently has excellent liquidity. Binance, Coinbase Pro, and Huobi Global count among the most reputable exchanges for BAT trades.
Substratum is a platform that allows anyone to allocate spare computing resources and be paid in SUB coins for them. The price of one Substratum coin is $0.086, with a market cap of around $70 million.
The beta version was released in June 2017, and the project founder, Justin Tabb, claims that the platform is ready for use by anyone and can withstand heavy traffic. This, combined with the fact that Substratum has no competition in the hosting market, makes it a very promising penny cryptocurrency to look at.
Nano was previously known as RaiBlocks and rebranded itself to avoid confusion with the banking platform RBC. Nano is a decentralized cryptocurrency with no fees, instant transactions, and infinite scalability. One of Penny Cryptocurrencies Under 50 Cents With Potential To Be The Next Bitcoin Or Ethereum’s strongest selling points is the fact that it requires no miners or blocks that need to be stored on a hard drive. These Penny crypto transactions take place directly between users and are confirmed by nodes. Nano is still at its infancy, but with its potential, this Penny cryptocurrency is one of the best Penny Crypto Currencies to Invest in now.
The price of one Nano coin is $1.75 per unit, with a market cap of around $500 million.
Decred aims to solve problems that Bitcoin is currently facing. It utilizes a hybridized consensus system that allows for the creation and implementation of new features without having to split the network into two different blockchains. The price of one Decred coin is $49 per unit with a market cap of $567 million Penny cryptos.
Decred, for its part, has achieved moderate success so far by achieving a rank within the 100 largest cryptocurrencies by market cap. It makes Decred far better than 1000s of cryptocurrencies out there. As of now, Decred is a kind of hidden gem in the crypto market.
Reddcoin is a Penny cryptocurrency that was launched in 2014. It aims to be the social currency of the digital age, rewarding online content creators for their hard work. The price of one ReddCoin is $0.0035 with a market cap of around $35 million Penny cryptos.
eddCoin might still be a good investment. Do some research on the fundamentals: if you believe there is a future in the token, you might consider buying at the current low levels.
XRP is the native cryptocurrency for products developed by Ripple Labs. XRP is a digital asset built for payments. It is the native digital asset on the XRP Ledger—an open-source, permissionless, and decentralized blockchain technology that can settle transactions in 3-5 seconds.
XRP can be sent directly without needing a central intermediary, making it convenient to quickly and efficiently bridge two different currencies.
XRP is a preferred long-term asset for many investors as the coin is considered one of the cheapest of the oldest and most prestigious coins around today. You can buy XRP on any exchange that offers digital currency.