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VI Among cryptocurrencies, Penny cryptocurrencies represent a particularly attractive segment with low prices but significant growth potential. If you are a new virtual currency investor and are looking for a potential investment portfolio, immediately refer to the following recommendation from Crypto Pie.
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What is Penny Cryptocurrency?
The term “Penny” is borrowed from the stock market and cryptocurrency Penny describes cryptocurrencies with a value of less than 1 USD. Many cryptocurrency investors believe that Penny cryptocurrencies are new virtual currencies, just launched, so they have low prices. However, in the cryptocurrency market, there are many coins with a long history of operation and "advancing" into the top 10 cryptocurrencies with the largest market capitalization such as Ripple (XRP), Cardano (ADA). , Dogecoin (DOGE),….
Who should invest in Penny electronics?
For new virtual currency investors entering the market, Penny is a coin with a very low value so it has an advantage in terms of transaction cost. However, investors need to be aware that Penny cryptocurrencies will only be an attractive investment for investors with a high risk appetite, as they are much less stable than virtual currencies. belongs to the blue-chip segment such as Ethereum and Bitcoin.
Criteria for evaluating the best Penny virtual currency to buy
To help investors make informed decisions, we have compiled the 7 best Penny cryptocurrencies for 2024. Below are the criteria for Crypto Pie to screen and make the most potential recommendations:
- Market capitalization and liquidity: High capitalization indicates the status and stability of the Penny cryptocurrency.
- Basic assessment of the project: A project with a solid technology foundation and clear purpose can have long-term viability.
- Development team and community support: Reputable developers and a strong community are signals of a healthy project.
- Real-world usability: Tokens with real-world use cases are more likely to succeed.
- Historical price movements: Reviewing price history helps understand past performance and potential future trends.
Top 7 Best Penny Cryptocurrencies to Buy in 2024
Chiliz (CHZ)
Price: 0.087 USD
Market capitalization: 675 million USD
The Chiliz blockchain, also known as the Socios.com platform launched in 2018, allows sports and entertainment organizations to create branded Fan Tokens that fans can purchase and use to participate in events. activities related to their favorite football team.
Currently, the Chiliz blockchain is supported by sports industry giants such as FC Barcelona, Paris Saint-Germain (PSG) and Juventus.
Tron (TRX)
Price: 0.10 USD
Market capitalization: 9.15 billion USD
Tron is a "decentralized Internet" platform launched in 2017, with the aim of becoming a free, global digital content entertainment system with distributed storage technology. As the majority of profits from artists, influencers, and digital content creators on social media platforms (like YouTube) are being pocketed by advertisers and platforms, Tron aims for 100% Profits go to content creators.
Currently, Tron is considered one of Solana's biggest competitors with its impressive POS consensus algorithm and advanced smart contract technology.
Hedera (HBAR)
Price: 0.093254 USD
Market capitalization: 3.14 billion USD
Hedera Protocol was founded by Dr. Leemon Baird and Mance Harmon in 2018. The protocol aims for faster, more secure solutions to traditional blockchains with the ability to process up to 10,000 transactions/second.
The Major automakers Hyundai and Kia have both adopted the Hedera network. Meanwhile, the Federal Reserve's FedNow payments service has also partnered with Hedera's Dropp micropayments platform. Most recently, Hedera also cooperates with the United Nations in addressing climate change.
Stellar (XLM)
Price: 0.13 USD
Market capitalization: 3.74 billion USD
Stellar is a decentralized blockchain platform designed to support fast, low-cost cross-border payments, enabling the creation and transfer of digital assets. This project uses a unique consensus algorithm (Stellar consensus protocol), which allows for decentralized control and validation of transactions, providing security and trust without the need for a proof-of-work mechanism consumes a lot of energy.
Stellar has cooperated with many fintech units such as MoneyGram and IBM. Hedge fund Grayscale has also added cryptocurrency Penny XLM to its $1 billion crypto trust.
Oasis Network (ROSE)
Price: 0.142 USD
Market capitalization: 968 million USD
Oasis Network (ROSE) is a blockchain project that operates similarly to Ethereum but has improved data security features and can process up to 1,000 transactions/second. Additionally, Oasis Network also aims for high scalability and privacy for DeFi.
Recently, ROSE price saw growth after the project joined the Universal Privacy Alliance (UPA) along with Protocol Labs, Filecoin Foundation and Aztec Network. This is the Nym-led Alliance, which aims to protect and promote digital privacy globally.
VeThor Token (VTHO)
Price: 0.002459 USD
Market capitalization: 174 million USD
VeThor Token is actually a branch token of the VeChainThor ecosystem, a platform that aims to enhance the functionality of blockchain technology for businesses. VTHO launched on July 30, 2018 at a price of 0.03 USD and continuously hit record lows thereafter. From November 2023 until now, VTHO is on a growth trend again. Therefore, this token is also of interest to many investors who love cheap cryptocurrencies.
Shiba Inu (SHIB)
Price: 0.00001084 USD
Market capitalization: 6.36 billion USD
Shiba Inu is a meme coin created in August 2020 by an anonymous founder named Ryoshi, inspired by the Shiba Inu dog breed, similar to Dogecoin and operating on the Ethereum blockchain. The main difference of Shiba Inu is that it can run smart contracts and work with decentralized applications, unlike the existing limitations of its competitor Dogecoin.
Shiba Inu is probably the cheapest cryptocurrency listed in the list of potential 2024 Penny cryptocurrencies and has grown by more than 28% in 2023.
Where should I buy Penny cryptocurrency?
To buy potential 2024 Penny cryptocurrencies, you should pay attention to strong security measures, easy-to-use interface at the exchange. Famous trading platforms include:
Coinbase
Coinbase is a major cryptocurrency exchange in the world, headquartered in the United States. The platform is designed to be user-friendly, offering a variety of educational content and advanced trading tools.
Highlights:
- 2-factor authentication and extended verification methods
- Supports 238 cryptocurrencies
- Diverse educational resources
>> Post Coinbase account: [Insert Affiliate Link]
OKX
OKX is one of the world's top volume cryptocurrency exchanges. In addition to normal buying and selling transactions, OKX supports margin loans, betting and saving cryptocurrency, supports cryptocurrency loans...
Highlights:
- Ideal for experienced traders
- Supports nearly 320 cryptocurrencies
- Low transaction fees from 0.10% or less
>> Post OKX account: [Insert Affiliate Link]
Frequently asked questions
What is Penny Cryptocurrency?
Penny cryptocurrencies are coins with a market price of less than 1 USD, often with much higher price fluctuations than major cryptocurrencies such as BTC or ETH.
What are the potential sub-$1 cryptocurrencies?
If you are looking for cheap cryptocurrencies, check out our detailed reviews including: CHZ, TRX, HBAR, XLM, ROSE, VTHO, SHIB.
Effective Penny cryptocurrency trading strategy?
If you are interested in investing in cheap cryptocurrencies, do thorough research, paying attention to factors such as cryptocurrency market trends, portfolio diversification, technical risk management and security capabilities.
What are the most reputable types of virtual currency wallets today to store Penny cryptocurrency?
You can store coins on e-wallets of exchanges, or through online cryptocurrency wallets such as Trust Wallet or MetaMask.
