Best penny cryptocurrency to invest in, in 2021. The majority of people access the crypto world through one of the major exchanges such as Coinbase, Kraken, or Gemini. What they see are extremely expensive bitcoin, reasonably priced litecoin, and ethereum. This means he can only purchase a fraction of bitcoin or a few litecoins or ethers; it also means his moon/lambo dream is unlikely to come true. Other, more affordable coins listed on these exchanges appear far more appealing to the inexperienced new crypto investor, and he considers purchasing a pile of penny cryptocurrencies such as XRP, IOTA, XLM, or ADA.
However, how economically sound is that decision? Because the majority of low-cost coins are low-cost due to their massive supply (in billions of tokens). Supply and demand is a fundamental economic law that dictates such outcomes – the more of an item there is, the lower its value and price.
Discover Better: How to Save Money: 10 Simple Ways for Beginners, Savings Strategies
Additionally, this article will educate you about altcoins in general and which ones are promising projects. Also, it will help you determine which coins are in general opinion, more valuable than the market is willing to price them at the moment. Keep reading!
Best Penny Cryptocurrency To Invest In 2021
It is entirely fair to anticipate greater growth from a low-cost altcoin than from a high-cost bitcoin. Continue reading to discover the best penny cryptocurrency to invest in 2021.
For instance, if you invest $1,000 in bitcoins today, you will receive approximately 0.2BTC. If bitcoin achieves a 100x gain and hits $500k, you would always have won “just” $100k. However, if you invest those $1000 in a dirt-cheap coin that costs one cent and it increases 10,000x or 100,000x to $100 or $1000 per coin, you can become a multi-millionaire. If you believe this is a fantasy, check out some 2017 statistics to see how many coins grew from under $1 to over $1000. (ether is one of the most famous examples).
If you have a strong appetite for risk and a speculative streak, pursuing these penny coins can be extremely rewarding. If you’ve accumulated those gains, it’s prudent to convert them to bitcoin, as that is the ultimate aim of crypto investing: increasing your satoshis with each exchange. Meanwhile, set your investment plan.
Before we stray too far from the original topic, allow me to present a list of recommended (in my humble opinion) penny cryptocurrencies worth investing in for 2021. It’s worth remembering that each of the coins mentioned below is less than a dollar. Interesting right?
#1. Polygon – MATIC
Polygon, formerly known as Matic Network, is an Ethereum-compatible blockchain interoperability and scaling system.
It utilizes a novel sidechain approach to overcome some of Ethereum’s major shortcomings, including its throughput, weak user interface (high speed and delayed transactions), and lack of community governance.
As part of the new plan, the project added influential Ethereum developers and influencers to its advisory board, including Hudson Jameson, Ryan Sean Adams, Anthony Sassano, and John Lyric.
The SDK and framework from Polygon allow Ethereum to operate as a multi-chain system. This is consistent with previous Polkadot, Cosmos, and Avalanche campaigns.
The MATIC token is used in a number of ways in the Polygon ecosystem, including voting on Polygon Improvement Proposals (PIPs), contributing to network protection by staking and paying gas fees.
#2. Chiliz – CHZ
Chiliz is the blockchain network that powers Socios.com, a fan engagement platform that enables sports teams to sell fans exclusive rewards like voting on team jersey designs or early access to tickets. These perks are sold on the blockchain as “fan tokens,” close to Kings of Leon’s and others’ recent smart contract NFT sales.
The Malta-based business has so far concentrated on soccer, with its tokens enabling fans to vote in club polls and earn rewards and prizes. This form of fan engagement has the potential to provide sports organizations with a “fresh digital revenue stream.”
Numerous Fan Tokens, such as Juventus ($JUV), Atlético de Madrid ($ATM), AS Roma ($ASR), and AC Milan ($ACM), have gained popularity on cryptocurrency exchanges such as Binance.
As a result, it appears as though the momentum created by these tokens had a cascading effect on the price of Chiliz’s token as well.
You May Read Also: Need Extra Cash? Make $10 to $20 Per Hour Working As a Nude Model (Modeling)
#3. Basic Attention Token – BAT
BAT is unquestionably one of the most fundamentally sound projects in the entire crypto world, and its low price makes it the best penny cryptocurrency to invest in for 2021.
Need To Know: 10 Ways Totally Target Helps You Save Money On Target
#4. Ravencoin – RVN
Ravencoin, a fork of Bitcoin, is a relatively new token; it has only been circulating among the crypto currencies since January 3, 2018.
It aspires to be a security tokens-based Ethereum.
The Ravencoin block-chain was created with a particular purpose in mind. On the one side, it can aid in the accurate determination of asset ownership. On the other hand, Ravencoin, like Bitcoin, seeks to allow direct payment. As the open-source project’s homepage stresses, it is fully decentralized. There are no master nodes and, most importantly, no initial coin offerings.
Learn About: Saving vs Investing: Beginners Guide, The similarity & Difference (+ Saving & Investing tools)
Ravencoin is the brainchild of Bruce Fenton, a well-known specialist in the conventional finance field. Bruce is a well-known early Bitcoin supporter, having served as the Bitcoin Foundation’s Executive Chairman from 2015 to 2016. His experience inspired him to investigate the future of blockchain technology’s potential for the financial securities industry.
Tron Black is one of seven Ravencoin lead developers who work for Medici Projects, an Overstock.com wholly-owned subsidiary. Bruce was acquainted with Patrick Byrne, the CEO of Overstock.com, and it was through this connection that Tron became acquainted with Ravencoin.
#5. VeChain (VET)
VeChain is a decentralized blockchain for enterprises with applications in a variety of sectors, including automotive, logistics, healthcare, and even luxury fashion. Additionally, it integrates with cutting-edge IoT solutions. The VeChain Foundation manages the blockchain.
It incorporates governance features and is based on the Proof-of-Authority algorithm. Additionally, blockchain technology benefits from increased scalability, making it ideal for enterprise solutions, as well as sidechain capability. It operates on a two-coin economic model, which aids in cost management for the VeChainThor protocol. The project is currently focused on the expansion of the VeChainThor ecosystem. And their business side is booming, with significant collaborations forming almost weekly.
Find Answer To: Is 600 a Good Credit Score?: Find The Right Answer To Your Question & How To Improve
DNV GL, PriceWaterhouseCoopers (PwC), the National Research Consulting Center (NRCC), Yida China Holdings Limited, and BitOcean are among the leading strategic partners.
#6. Holochain – HOT Token
Holochain is a post-blockchain technology that enables an energy-efficient decentralized application development network. Which is genuinely peer-to-peer without the scalability problems associated with current Blockchain projects.
However, this is similar to providing simultaneous access to all of the features of all Internet applications without the need for an API, as the languages are fully compatible. Holochain is analogous to installing an IFTTT layer under the entire Internet.
Since the data is not required to reside uniquely in each program, the end-user may create a personalized experience based on their preferences. Data mining and consensus-building have an infinite number of applications. Put an end to Facebook and Google’s data monopolies.
You May Also Read: Credit Life Insurance: Why Do You Need It?
You get excited when you hear the definition of Holochain. The project utilizes cutting-edge technology, and it garnered the attention of several national media outlets, which covered it. Although it is still more of an idea than a reality at the moment, the potential is enormous.
#7. Stellar Lumens (XLM)
Stellar Lumens is a decentralized cryptocurrency network specializing in remittance and cross-border payments.
It aspires to be an open financial infrastructure that provides low-cost financial services to citizens at all income levels. Among these services are the following:
- Transfers of funds
- Payments in small amounts
- Mobile Branch Locations
- Money on the Go
Attention: Financial Planning & Analysis: Understanding The Simple Guideline & Financial Analyst Jobs
Along with these utilities, one of the network’s most important features is its Distributed Exchange. The platform’s exchange anchors allow users to liquidate/exchange their funds for other cryptocurrencies or fiat currencies.
#8. Zilliqa (ZIL)
Zilliqa, a Singapore-based project, is a strong candidate for resolving the scalability problem and has quickly established itself as one of the hottest coins of 2018. Then they faded from view, owing largely to their own negligence and missed deadlines.
Zilliqa’s primary strength is that it is one of the first projects to effectively leverage the power of sharding as a scaling solution. Although other projects (including Ethereum) have expressed an interest in implementing sharding. Meanwhile, Zilliqa was one of the first to show that it is possible.
Zilliqa is not a generic fork like many other altcoins; this is a team that is attempting to construct something meaningful. The Scilla programming language and sharding are the best examples. As a result, Zilliqa deserves the support of the entire crypto community.
Not just for Zilliqa, but for the entire cryptocurrency industry, sharding technology is critical. That means, as scaling approach demonstrate it’s important on ziliqa’s blockchain, it can likewise apply to other networks. However, resulting in a massive advancement on one of the crypto world’s most pressing issues.
No amount of material read or listened to may substitute for sound analysis. That is our primary recommendation, do your own analysis. Take my suggestions as a starting point. Also as one of the information sources, you consider when deciding where to invest your money. Every coin covered in this article are the best penny cryptocurrency to invest in 2021.
Very Important: Maintain vigilance, distrust no one, and check all before putting in your money.