This is a detailed guide on the best penny Cryptocurrencies in the market.
Cryptocurrency has of course grown popular in the world today. Coins like Bitcoin and Ethereum are leading the crypto market and are very popular.
But not everybody actively knows about penny Cryptocurrencies.
Therefore, in this post, I will share with you all you need to know about Penny Cryptocurrencies, and the best of them out there.
If you have not heard of penny Cryptocurrency before now, read on to know more about it.
What Is Cryptocurrency?
Cryptocurrency is a digital currency that can be used in exchange for goods and services online.
It is digital money that can be spent like we do spend our local and international currencies.
The only difference here is that Cryptocurrency is money that can only be stored virtually on the internet and not in physical banks.
Popular examples of which are Bitcoin, Ethereum, and more.
What Is A Penny Cryptocurrency?
Basically, a penny cryptocurrency is a cryptocurrency that has a market valuation that is below $1.
Take Bitcoin, for example, the market valuation of Bitcoin hinges around $50,000.
That’s huge right?
So a penny Cryptocurrency on the other hand is a currency (crypto) that is still relatively cheap, prices to be under $1.
Many of these currencies are not so popular. But given that the leading Cryptos cost highly and are scarce, penny Cryptocurrencies are a great chance for potential investors to invest in Cryptocurrency.
One of the reasons why you should learn about these currencies is that they have the potential to rise and become great in the very near future.
Best Penny Cryptocurrencies
There are now over 10,000 Cryptocurrencies I’m existence in the world.
New currencies are being created and we can’t accurately predict how many more currencies we can still have in the future.
However, these currencies have better potentials over one another.
Knowing the best penny Cryptocurrencies to buy may not be too easy.
So I will share with you the top penny Cryptocurrencies that are also the best penny Cryptocurrencies you can invest in.
One of the best penny Cryptocurrencies you can invest in is Dogecoin.
Dogecoin is currently the 5th most valuable coin in the coin market cap ranking.
Dogecoin was created by Billy Markus and Jackson Palmer who are IBM software engineers and Adobe software engineers respectively.
They had the aim of creating a peer-to-peer digital currency that could go round the world successfully more than Bitcoin had.
The Cryptocurrency was launched on December 6, 2013.
The price of Dogecoin is on the rise and presently stands around $0.52
2. Tether (USDT)
Tether is another penny Cryptocurrency you should consider.
Tether is a cryptocurrency with tokens issued by Tether Limited.
It currently sits 6th in the most valuable Cryptocurrency rankings by the coin market cap.
The valuation of Tether is $0.9999
Tether was designed to be a stable coin. That is to always have a stable price of $1.
3. Stellar Lumens (XLM)
Stellar Lumens is another penny Cryptocurrency worthy to take note of.
Talking of the most valuable Cryptocurrency rankings, Stellar currently ranks 14th by the coin market cap.
XLM has applied greatly in the market and it has a great system.
Stellar Lumens (XLM) helps users to convert their crypto to fiat currency.
Stellar reached its current values at $0.6691 and it rose to hit its highest valuation of all time in January 2018, which was $0.83.
It is getting more closer to that again now.
4. USD coin
USD coin is another valuable penny currency you may like to check out.
USD Coin (USDC) is a digital stable coin that is pegged to the United States dollar.
By stable coin, it is made to not be more than $1.
USD coin runs on the Ethereum, Stellar, Algorand, and Solana blockchains.
USDC was initially announced in May 2018 but became officially launched in September of 2018.
The Penney Cryptocurrency sits as the 15th most valuable coin on the coin market cap ranking.
The price is also currently around $0.9998
Also See>> Best Places To Trade Bitcoin Online
Another best penny Cryptocurrencies is Vechain.
VeChain is a decentralized application project that is blockchain-powered.
VeChain combines computer chips and Blockchain technology. It uses its native coin, VET.
VeChain allows manufacturers to record every step of a product’s production, shipping, and distribution. This is possible because of the transparency and stability of the Blockchain.
Vechain is ranked as the 18th most valuable coin on the coin market cap ranking.
Its current price is around $0.1768.
6. Tron (TRX)
Tron is another growing digital penny Cryptocurrency. Tron is a penny digital currency that has the potential of becoming a force to reckon with in the years to come.
The community Tron in the crypto space is definitely one of the largest.
Tron (TRX) sits in 11th place in the coin market cap most valuable cryptocurrency ranking.
Tron is presently valued to be around $0.1207
It reached its all-time high of $0.20 in January 2018.
7. Binance USD 25 $0.999
Binance USD is yet another valuable penny Cryptocurrency you should know about.
Binance USD is a 1:1 stable coin that is backed by the USD.
Binance USD is approved by the New York State Department of Financial Services (NYDFS).
In the coin market cap ranking, Binance USD is regarded as the 25th most valuable coin.
The price is about $0.9999
8. Crypto.com coin
Crypto.com coin is another penny Cryptocurrency that instills confidence.
It is a growing coin ranked 45th in the coin market cap’s most valuable coin rankings.
The current price of crypto is about $0.1592
9. Ravencoin (RVN)
The next penny Cryptocurrency on this list is Ravencoin (RVN).
Ravencoin has grown very popular in the crypto market.
It gains its popularity because of its good mixture of both technical price action as well as good sets of fundamentals.
Ravencoin is ranked 89th in the coin market cap ranking. Ravencoin reached its previous all-time high of $0.07 back in April 2019.
But the present price is standing around $0.1419.
Ren is another penny cryptocurrency that has a great potential of rising higher in the coming years.
Ren allows making transactions between cryptocurrencies and tokens.
With Ren coin, you can transfer any coin or token between any blockchain.
The current value of Ren stands at $0.8013.
That is presently it’s all-time highest and there is a great chance of seeing it doing better.
Ren sits in 110th place in the coin market cap ranking.
Please note that the prices and rankings given above are the current figures. They are subject to change from time to time. You can always research to confirm if there’s been any change.
Also, note that this is only a guide and not a piece of financial advice. Kindly make extensive research before investing in any of the penny Cryptocurrencies.
That will be all on the best penny Cryptocurrencies.
I hope this helpful?