Invest By Your Judgment
You can easily find people online talking big about popular crypto. They even cite famous figures who have already made a move. While you can always join the crowd, it is best to buy crypto by your judgment. Do your research. Look at the fundamentals. What are the factors that could lift crypto from the ground up? If such factors exist, then that crypto is worth investing in.
Advantages Of Penny Cryptos
The main advantages of penny cryptocurrencies are:
- Support a young project Provide seed funding to promising coins.
- Reduce your investment risk Spread your capital over a broader range of coins.
- Participate in a volatile environment Penny crypto coin prices can change dramatically.
Amongst the thousands of penny cryptos are a handful of unicorns and a larger number of modestly successful projects. You will find numerous with a solid whitepaper, an experienced management team, and a clear and useful purpose. By investing in the right projects you will be able to support a revolutionary financial system and become a part of history.
Investing in these cheap cryptocurrencies allows you to spread your capital further. By diversifying your portfolio you would be reducing your risk, whilst being invested in a variety of different coins. It only takes one or a few successful investments to make up for losses and provide you with a significant return.
Investing in penny cryptos can be very exciting since some coins are subject to awesome volatility. Whilst you may only make a marginal return on your investment each year, every trade can provide an adrenaline rush. Not all penny crypto coins are highly volatile, but the ones that are, provide an opportunity for results in days, rather than months or years.
Best Penny Cryptos To Buy: Potcoin
PotCoin is a crypto in a blockchain payment technology designed specifically for the legal marijuana industry. Cannabis businesses cannot use banks due to federal legalization, which is why Potcoin presents a pertinent solution.
With the fast approval of marijuana across various states in the U.S. and other countries, POT-USD might be the start of such cryptocurrencies.
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How To Make Money By Investing In Cryptos
There are various ways in which you can earn a massive amount of money.
- Staking: In this process, you can earn money by holding your digital currency for a period and getting new ones in the form of interest.
- Buying and holding: It is the most common technique that many investors do. You can buy cryptos and keep them until their price rises. After that, you can sell them in the market.
- Trading: Trading is the process of buying or selling any virtual coins to make profits. You have to create an account on an exchange to start it.
Alternative Ways To Buy Bitcoin
You can also now buy crypto through some digital payment platforms you may already have accounts with, like Venmo, PayPal, and Cash App, as well as the investment app Robinhood. But they might not be right for every investor.
Paypal, Venmo, and Robinhood dont let you transfer your holdings into your own crypto wallet, meaning your private keys remain in the platform. For crypto enthusiasts who believe in the common crypto mantra not your keys, not your coins, these platforms fall short. They can also charge high fees for buying and selling cryptocurrencies , so its worth comparing the prices youll pay to more traditional exchanges.
These apps can be a simple solution to buying Bitcoin, though. For beginners, using your Venmo or Cash App account to buy Bitcoin may be more accessible than an exchange like Coinbase or Gemini, and allow you to buy in while you learn more about investing in cryptocurrency. Just keep in mind that if you ever reached a point where you had a larger crypto position, these apps might limit your ability to transfer it to another platform.7
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What Is Penny Crypto
Penny crypto is an asset whose price is trading below one dollar . Because the prices are low, the trading mantra of buying low, selling high becomes a self-fulfilling prophecy. You can buy dozens of these assets with hundreds or thousands of coins per asset. These assets allow you to diversify your investment.
While it is possible to generate wealth with this type of investment, you could lose your investment if you pick the wrong assets. Therefore, blindly investing in any crypto is not good. You have to research to find those assets with growth potential.
Penny crypto: price below $1
What Makes These Altcoins Stand Out
One thing all these cryptos have in common is that they have partnerships with some of the biggest companies and brands in the world. These brand-name partnerships set them apart from the other thousands of cryptocurrencies, as it shows that these real-world companies understand and believe in the technology being developed.
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Use Uniswap/sushi Or A Centralized Exchange
The two main ways of buying Inu Shiba coins are through centralized and decentralized exchanges.
Uniswap is commonly considered to be the most popular Ethereum blockchain-powered decentralized exchange, so thats why we use it here as an example.
With more than $2 billion integrated into its protocols by thousands of investors, it sort of makes sense, doesnt it?
Using a decentralized exchange requires a dedicated software wallet, e.g. Coinbase Wallet or MetaMask.
They are free to use and allow direct ownership over your cryptocurrency, which cant be said for your centralized exchange accounts.
If you still opt for centralized exchanges, feel free to skip the third step.
Why Invest In Penny Cryptocurrency
Just because they are cheap cryptocurrencies does not mean that you should invest in them. There are various other reasons you should invest in penny cryptocurrencies, such as diversifying your portfolio, the potential to earn more through them, etc. Let us know about the reasons in detail:
1. High-risk reward ratio: Various penny cryptocurrency are undervalued, and it is assumed that there might be mass adoption of the blockchain technology hence the value of the altcoins might rise in the near future.
2. They offer investment diversification: If you yearn to earn regular returns from crypto, then it is substantial for you to diversify your portfolio by investing in different areas. For example, if one coin crashes, the other might benefit you. So, diversification always plays an important role in investments.
3. Passive income: As per the investors, the best-paying dividend cryptocurrencies are mostly under $1. So earning dividends from crypto is alike getting a dividend from stocks. This means that you can also earn by just holding the penny cryptocurrencies.
These were some of the reasons you should invest in penny crypto, but the next important thing is what factors to look into before investing, as one wrong decision can lead your profit into loss, so it is important to choose the right crypto.
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How To Choose The Best Penny Cryptocurrencies To Invest In
Earlier in this guide, we reviewed the three best penny cryptocurrencies to invest in as per the subjective views of the author. However, as of late 2021, there are now more than 12,000 cryptocurrencies in existence so its crucial that you do your own homework to fund the best digital asset for you.
Although this can be a long and cumbersome process by following the core metrics outlined below, you will give yourself the best chance possible for selecting the right penny cryptocurrencies for your portfolio.
Penny Cryptocurrency : Tron
Tron Current Price: $0.011
Tron is another digital currency that is a good candidate to become a hit in the years to come. Tron has one of the largest online communities in the crypto space and an average daily volume close to 1 billion. TRX ranks as the 11th most valuable cryptocurrency and it reached its all-time high of $0.20 in January 2018.
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Penny Cryptocurrency : Steem
Steem Current Price: $0.18
Steem is one of the most active blockchains in the ecosystem with over 1 million active users. Steem is an APP that focuses on providing social media services and other types of communication services over the internet. Steem currently ranks at place 40 on Coinmarketcap. It reached an all-time high of $7.21 back in January 2018 .
Best Penny Cryptocurrencies To Buy Full Analysis
With thousands of tokens now trading in the digital currency marketplace, knowing which project to invest in can be challenging. The good news is that with so many cryptocurrencies available to buy at less than $1 per token you dont need to risk huge amounts. In the sections below, you will find three of the best penny cryptocurrencies to invest in based on the subjective views of the author.
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Cryptocurrency Exchanges For Penny Cryptos
The issue with most penny cryptocurrencies is that they arent traded on every exchange. Furthermore, some cryptocurrency exchanges have a controversial history, while others charge high fees.
Due to factors like these, the complicated process of choosing a cryptocurrency exchange often takes significant time. To help you out, here are the 5 best exchanges for penny cryptocurrencies:
Penny Cryptocurrency : Ripple Xrp
XRP Current Price: $0.18
Ripple XRP is also known as the most favorite cryptocurrency among global banks. The XRP payment system has been around since 2012 and it hit an all-time high back in January 2018 when it hit approximately $3.5. According to Coinmarketcap, Ripple is the worlds third most valuable cryptocurrency based on market cap.
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Best Penny Cryptocurrency To Buy Now Cheap Altcoins With Potential To Explode 2021
Sadly, it is impossible to predict any other cryptocurrency will see the same astronomical growth that Bitcoin experienced over the last few years.
But dont lose heart there are still few penny cryptocurrencies to buy now which can potentially return 10x-100x of their initial investment.
Penny cryptocurrency is a cryptocurrency which is valued under $1.
There are multiple reasons to invest in penny cryptos. Penny cryptocurrencies much like Penny stocks are cheap and literally worth few pennies. Most penny altcoins are undervalued. So investment in penny cryptocurrencies has a high risk-reward ratio. And as blockchain technology is getting more mainstream. There is a huge potential that few of the penny altcoins can explode in the future.
Mind it not every cheap altcoin has the potential to grow in the future. In this article, we will specifically look for the best cryptocurrencies to buy now with the potential to explode in the near future.
But after a little bit of exploring and research, I have listed 7 Best cryptocurrency to buy now which has the potential to return higher profits and are currently priced under 1$
Things considered before choosing the best penny cryptocurrency to buy now .
According to Wikipedia
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Crypto Penny Stock #: Marketing Worldwide Corp
Key points on MWWC
- The company acquired a crypto mining platform on October 13.
- The stock gained over 125% on its first green day after the acquisition news.
- As of this writing, its trading above the 1-cent level.
Since the news, MWWC is consolidating. Its not volatile enough to be excited about a big panic yet, but Ill watch it for one of my patterns.
The Best Penny Crypto Options
If you are familiar with the different investment options out there, you have probably heard of penny stocks. Basically, these are the stocks that can be bought at pennies on the dollar and sold for a large profit when they increase in value. Cryptocurrencies can be seen making waves in today’s investment landscape. However, while many of you may already know about Bitcoin and Ethereum because of their soaring prices which makes them an attractive investment option, there are other options as well.
Let’s face it not everybody has the funds to invest in large amounts of the better-performing cryptocurrencies. Similar to the traditional penny stocks, there are also quite a few penny cryptocurrencies that you can invest in.
In case you were wondering, the penny cryptocurrency options that are available in the market today cost less than a dollar, which is a real steal, especially for long-term investors in cryptocurrency. Some of the best options in penny cryptocurrencies are
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What Are The Top 10 Penny Cryptocurrencies To Buy In 2020
Lets distinguish between what are merely empty promises and what are the best penny cryptocurrency to invest in 2020.
While were in a bear market due to the COVID-19 Coronavirus fears, professional crypto traders know that the best opportunities come in times of crisis.
Now, you might be asking:
What are the best altcoins to invest in 2020?
If the cryptocurrency market will recover, these are the top 10 best penny cryptocurrency 2020.
Definite Guide To Penny Altcoins
In the cryptocurrency market, cheap altcoins are also called, penny cryptocurrencies.
Investing in cryptocurrency is a form of new investment opportunity for elite investors, and it has actually made lots of individuals very rich recently.
Getting involve in the cryptocurrency world, you will see so many crypto coin projects aside Bitcoin, Ethereum and Litecoin, but you havent known why some of them are valued under a dollar in the crypto coin market capitalization.
Therere plenty cryptocurrencies, which makes up the crypto market capitalization, but not all of them are bound to remain valuable for a long time.
Known cryptos like, BTC and ETH are categorized as most valuable coins followed by LTC, because they have stood test of times, and also garnered much value within time as well.
Popularly, many have emerged so far to make up the entire crypto market, and theres nobody that havent heard of the most popular projects, but many mightve not heard of penny cryptocurrencies.
Now, lets get started with digging deep into the meaning of penny cryptos. I guess you are ready so lets get started.
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Iost One Of The Best Penny Crypto To Invest In
IOST aims to provide a solid and fast infrastructure to internet service providers.
IOST is Created by highly qualified blockchain experts- Terence Wang, Jimmy Zhong, Kelvin Tan, and Ray Xiao.
The cryptocurrency was launched as an ICO in January 2018. Forty percent was sold at launch and was mainly available to institution investors
Since its launch, IOST has received investments from Sequoia, Zhenfund, Banyan Capital, Alphacoin fund, Nirvana capital, Dfund, and more.
IOST blockchain is publicized as the secure, scalable blockchain that actually works.
IOST targets scalability and high transaction throughput as tangible measures for improving the blockchain.
However, IOST creators have built it over the Ethereum network. But IOST has much higher transaction speed than Ethereum network. IOS network promises up to 100,000 transactions per second.
To improve speed and scalability, IOST uses a Proof of Believability consensus mechanism. In this system, the node is validated based on its past contributions and behavior.
This eliminates the need for mining, which has few drawbacks. In the case of Bitcoin, it uses Proof-of-Work consensus algorithm. Which has come under a lot of criticization for consuming a lot of electricity to mine a block and also for limiting capability?
To overcome this Ethereum uses proof of stake consensus mechanisms that is inexpensive and more capable.
IOStoken uses a few more methods to improves the scalability.
Search For Penny Cryptocurrency
If you already know which penny cryptocurrency you want to buy, enter the name of the token into the search box at the top of the page. In our example below, are looking to invest in XRP.
If you want to have a browse at which penny cryptocurrencies eToro supports, click on the Trade Markets button followed by Crypto.
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In This Review Im Going To Show You How To Invest In Penny Crypto But First A Few Things You Have To Bear In Mind
Investing in shitcoins is risky. So Do Your Own Research . I have a list here where I name names of shitcoins Im currently investing in for the month. Note that this is not investment research. Still DYOR and invest what you can afford to lose. Even with all the research, investing in poocoins remains a gamble. But its a gamble that can make you millions so we can all agree its worth it right?
Some penny crypto will make 5X profits in weeks while others might have to wait for months or years before it moons. Resist the temptation to sell your shitcoins prematurely. A penny crypto that makes 5X in weeks could make you as much as 1000X if youre willing to HODL for several months. You can track the growth of the poocoins on bscscan website, poocoin website, and coinmarketcap website
Always go for poocoins with a strong social media presence. Also, ensure it has a large community of shillers on the Telegram app . The expertise of its developers/founders count too but not as much. Several meme and joke coins have been known to moon without a strong technical foundation. Many developers also choose to remain anonymous and this should not affect your decision on whether or not to invest in a particular shitcoin.