If you want to invest in cryptocurrencies but don’t have a lot of money to spend, this blog post is for you. Many cryptos cost less than $1 and can still generate high returns. You need to know which ones are worth your time! In the article below, we will discuss Cheap Cryptos like Zilliqa, Dentacoin etc., and what makes them so great. Moreover, there are a few penny cryptos worth investing in, as listed later in the article.
What is Penny Crypto?
Penny Crypto is an edition to the digital era, and these are digital assets worth less than $1. Most of the cryptocurrencies available in the crypto market are penny cryptos. The low prices of this cryptocurrency compared to Bitcoin, Ethereum, and Litecoin are a bit shocking for people. As we give a deeper look into the crypto world, Bitcoin, Ethereum, and Litecoin are the majors, whereas others are known as minors. Among these are stable coins, utility tokens, security tokens, fresh ones, stagnant ones, and many more. Hence, it is important to explore each crypto individually and its features to get the most out of your investment.
The Top 9 Cheap Cryptos
Cryptocurrencies are becoming more and more popular each day. However, many people don’t know that there is a wide variety of coins to choose from. Different currencies offer different benefits, but not all of them are worth investing in. In this blog post, we will go over some of the cheapest cryptocurrencies available on the market today. Also, now that we know what Penny cryptocurrencies are and why they are helpful, we will discuss the 9-best cheap cryptos you can invest in, including some of the Penny ones.
Shiba Inu (SHIB)
Shiba Inu was created in August 2020 by an unidentified person known as “Ryoshi.” The code for this cryptocurrency is SHIB. The coin logo and name are coined by the name of a dog breed in Japanese, and it depicts the dog present in the Dogecoin symbol. This coin does not have any intelligent contract utility neither it has any assets rights. Shiba Inu penny crypto is just a transferable token. These tokens can be exchanged at various platforms such as Kucoin, Coinbase Pro, CoinBene, Probit Global, Binance, etc. According to sources, the developers are working on a platform known as Shibaswap. It will provide a ground for holders of Shiba and token Leash to exchange and earn rewards by staking. The prizes include Bone, Ethereum.
Chiliz is a cryptocurrency and payments network aimed at mainstream users for blockchain-based applications and services. Chiliz also serves as a community outreach network, allowing athletics firms to promote and monetize client interaction. The Chiliz coin is an ERC-20 utility token used to power the Chiliz community on the Ethereum network. The CHZ token is directly linked with the performance of both, Socios.com and Chiliz Exchange. This penny crypto has various partnerships with high-end football clubs and teams.
Moreover, it has partnerships with high-profile cricket franchises like Kolkata Knight Rider, Punjab Kings, and Royal challengers Bangalore. The Chiliz token is currently trading at a pretty low rate. In terms of market valuation, it is ranked 62. However, the trade of this coin is expected to rise in the future. Chiliz is easily found on the Binance crypto exchange.
VeChain Token (VET)
In 2015 VeChain was created by Sunny Lu in Singapore. VeChain is a blockchain technology platform that aims to improve supply chain management and business operations. Its purpose is to leverage distributed ledger technology to streamline these operations and information flow for complicated supply chains. When it was launched, VET penny crypto was traded at a low price. VeChain is forming partnerships with large companies to develop its ecosystem. Vechain is a market leader. VeChain partners with hundreds of well-known Fortune 500 companies such as H&M and BMW China. Moreover, it is available on Binance, Huobi, Kucoin, and many more cryptocurrency exchanges globally.
Zilliqa was found by a professor of the National University of Singapore by the name Prateek Saxena. It is known as one of the first blockchains being built on sharded architecture in the world, including intelligent contracts written in Scilla, the platform’s programming language. Zilliqa is another low-cost cryptocurrency with a high fundamental value, supported by Neo Global Capital, One Block Capital, and other 14+ venture capital firms. It’s a terrific time to invest in cryptocurrencies because it’s so cheap. Zilliqa’s value is expected to rise to a greater extent. It is readily available on Binance, Huobi, Bitfinex, and Bithumb.
Charles Hoskinson, the co-founder of Ethereum, introduced Cardano in 2017. Cardano, in all these years, has positioned itself as the alternative to Ethereum. This penny crypto is a proof-of-stake blockchain platform for innovative contract development. The token is known as ADA. Currently, it has a reasonably low price, whereas it will rise in the near future. Cardano can be easily traded and purchased on the Binance cryptocurrency exchange.
Dentacoin is a cryptocurrency created specifically for dentists. While the concept may appear absurd, sector-specific digital currencies like Dentacoin are likely to become more popular as the crypto market evolves and blockchain technology becomes more extensively used. The Dentacoin platform’s own ERC-20 cryptocurrency token is DCN. Dentacoin penny crypto began trading for a fraction of a cent in early August and is still selling at that price. While DCN reached all-time highs (ATHs) on January 8th, the price was still behind practically every other coin. You can buy Dentacoin on popular exchanges such as Cryptopia, EtherDelta, Mercatox, Coinexchange, and HitBTC.
Dogecoin is a penny cryptocurrency created by software engineers Billy Markus and Jackson Palmer. The coin’s logo is based on the famous MEME dog, also known as the Shiba Inu dog. Most people know that it emerged as a joke in 2013. The recent Dogecoin price is pretty low and affordable for most of the people out there. The top exchanges to buy Dogecoin are Binance, Coin Tiger, OKEx, etc.
USDT, or as it was known at the time, the Real coin was launched in 2014 by Brock Pierce, Reeve Collins, and Craig Sellars. According to Coinbase, Tether is an Ethereum currency tied to the value of a US dollar. Tether is still one of the more affordable cryptocurrencies in the crypto world because a Tether token is connected 1:1 to the value of the US dollar. Therefore, its price is unlikely to fluctuate like that of many other cryptocurrencies. Moreover, the price is expected to rise in the future. A Tether can be easily bought from Binance, Kriptomat, etc.
Stellar has its own digital currency network, with Stellar Lumens serving as the network’s currency. While anybody can use the web, it was designed to connect financial firms that conduct massive transactions. Unlike traditional or even competing blockchain networks, these types of transactions may be completed almost instantly and at a low cost on the Stellar network. Thus, stellar is one of the cheap cryptos present, whereas the prices might rise in the future. Furthermore, stellar can be easily bought from various crypto exchange platforms such as Binance, Bittrex, CoinCheck, etc.
So here are some of the best cheap cryptos of 2021. These can be very beneficial as they have a high growth rate. You never know when one of them becomes the coin market king, just like Bitcoin. Moreover, many of them are sponsored and partnered with various famous brands. It makes them stand out from the other cryptos in the world.