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Besides its growing adoption, Dogecoin also scores well in terms of its price. While it was one of the best performing cryptocurrencies in the last Bull Run, its performance has been quite sluggish since May. Even in the past week when most cryptos have rallied by a huge margin, Dogecoin has not gained much. In fact, it was a net loser in the last week. Given that its adoption levels are growing, and there is big news coming up, then its current price action presents an amazing buying opportunity for investors.
Once it starts to pump, anyone who gets in now could be sitting on a pretty high ROI. This is a very big deal and should get every Dogecoin investor very excited. Now couple that up the influence that Elon Musk has not just in crypto, but in other spheres of life, and it is easy to see why the Dogecoin hype in could be one of a kind.
Now that there is something huge coming up, his comments could easily see Dogecoin repeat early in Its potential to rally in is enhanced by the fact its technical capabilities are getting better. Since Dogecoin was ideally designed to be a joke, its developer team abandoned it long ago. However, since the Musk-inspired rally of to early , the team is back.
It has even been seeking ways to make Dogecoin scale better and handle transactions more efficiently. A combination of these factors makes it a top penny cryptocurrency to watch in Shiba Inu is another penny crypto that fits in the steps, making it a potentially big winner in While the project started out as a joke; riding the Dogecoin wave of , it has since morphed into a pretty serious project.
Lots of people now use Shiba Inu for payments, and it has even been added to shopping. This means it is now amongst the basket of cryptocurrencies that one can shop on sites like Amazon and e-Bay. On top of its growing adoption, Shiba Inu has recorded lots of growth in its ecosystem. The project went from a meme token to having a DEX that is growing quite fast in adoption. This has made the project very attractive to many investors looking to make a passive income off crypto.
In essence, unlike in and the first half of this year, the demand and liquidity for Shiba Inu are likely to be much higher in On the price metric, Shiba Inu is pretty good for someone looking at it as an investment for As such, there is a lot of room for growth for an investor looking for extraordinary ROI in Another interesting facet to Shiba Inu is that the hype is building up.
The searches for Shiba Inu in social media cycles and Google trends have been on the rise in the last couple of weeks. This has largely been triggered by a mention of the project by Elon Musk. It is also driven by talk of a token burn that could shrink the total supply of this crypto by a considerable margin.
The potential for the hype to drive this crypto in is already showing in its price action. Vechain is another penny cryptocurrency that has a lot of potentials to go parabolic in One of the factors that give it a high potential is its use case. Unlike Shiba Inu and Dogecoin which to a large extent only thrive on hype, Vechain has a real use case.
The project can help bring integrity in supply chains, especially in industries most prone to counterfeits. There are lots of industries that have this problem, with the fashion industry being the most affected. With the use case for Vechain on this front becoming increasingly clear over time, the intrinsic value of the project will only go up. In the event that the broader crypto market will be bullish in , this penny cryptocurrency could easily outperform the market by virtue of its strong use case.
It is also noteworthy that Vechain has been quite sluggish since the last Bull Run came to end in April despite its strong fundamentals. This presents an opportunity for investors to get in at low prices , with a target of an extraordinary ROI if the next Bull Run peaks in Vechain is also showing clear signs of rallying hard if Bitcoin sustains its current momentum.
Hedera is another gem in the penny cryptocurrency category that has the potential to outperform the market in This crypto pretty much ticks all the right boxes in the criteria discussed above. For starters, its adoption is one of the highest in crypto, outside of Bitcoin and Ethereum. This has a lot to do with the fact that the project has the backing of some of the largest corporations in the world.
Organizations like Google and IBM are a part of its governance members. Pricewise, Hedera is pretty much in the right place for anyone who wants to profit from it in However, its price is stabilizing, an indicator that it has hit bottom. For crypto with its fundamentals, this makes its current price a perfect entry point. Theta Fuel makes it to this list by virtue of its high utility.
This is the crypto that is used in the day-to-day operations of the Theta network. For instance, when users share videos on this network, they are rewarded in TFuel. This basically means that as the Theta Network grows as a content-sharing platform, so will the value of Theta Fuel.
While this is more of a long-term goal, it is likely to play a role in the value of this crypto if the broader market sustains the momentum that started last week. Theta Fuel price is also in a good position, especially if the market turns bullish from now up until In essence, if broader market momentum pushes it to retest its all-time highs, and make new ones, anyone who gets in now would be sitting at a pretty good profit.
XDC network may not have the hype of Dogecoin or any of the other penny cryptocurrencies discussed above. However, it has performed quite well in the past, and its fundamentals look pretty good going forward. By offering a cheaper and more straightforward alternative to conventional trade finance, there is a good chance that the value of XDC will go up over time. Its current price is also perfect now that the market is turning bullish.
This means there is a lot of room for growth, and it could give investors a pretty healthy ROI. The Basic Attention token is one of the penny cryptocurrencies with the clearest use cases. It is also angling for a high growth aspect of the crypto market, the web 3. In essence, as crypto awareness grows with each crypto hype cycle, its adoption, and by extension, value, will only go up. This is evident in all the previous crypto Bull Runs that it has gone through.
Ravencoin makes it to this list for its strong use case. It is the native token of the Ravencoin project, which is making the creation and transfer of crypto assets easier for everyone. In essence, as the adoption of this network grows, so will the value of Ravencoin. With use-value increasingly becoming a major factor in crypto pricing, Ravencoin is in a good position for growth going into In essence, if bulls gain momentum and push the entire market to new levels, anyone who buys this crypto now could make a tidy profit off it.
It may not give the gains of highly hyped cryptos like Shiba Inu, but it can give an above-average ROI. But keep in mind that investing in these coins is the equivalent of going to the casino and putting your money on red.
That said, here are some of the most promising coins for being the best cryptocurrency under a penny or at least, maybe a few pennies, just to give you a few more options …. It was made purely to rival Dogecoin, which in itself is the most popular meme crypto of all-time, and one that continues to be popularised by Elon Musk.
This is all done in the span of just a few months, mind you. With Mr. Despite the fact SHIB originally started out as a joke, the community behind the project is very real with over , holders and growing. The project has plans to integrate NFT artwork, decentralized finance, and much, much more into their platform. And unlike our previous contender for the title of the best cryptocurrency under a penny, BTT tokens have actual utility. BTT tokens are the backbone of the BitTorrent ecosystem.
Holo is a decentralized peer-to-peer network where decentralized applications dApps are distributed and hosted. Holo was originally created as a bridge to connect two very distinct digital-native components together, which are otherwise incompatible — blockchain and the traditional web. On one hand, we have Holochain , which is a fully-fledged blockchain where developers can create powerful dApps.
Siacoin is trying to solve the limitations and challenges around data storage. Siacoin is utilizing blockchain technology to decentralize and democratize cloud-based storage. Instead of using centralized and expensive servers like Dropbox, Siacoin will tap into the excess storage capacity on the hard drives of millions of people around the world. So anyone with additional storage on their devices can join the Siacoin network and monetize their excess storage capacity and borrows can store their data at a fraction of the cost of centralized protocols.
One of the biggest problems with blockchains today is that most of them are siloed within their own ecosystems, unable to easily interact with other blockchains. Imagine just how powerful it would be if all blockchains could communicate with one another the same way that any website or app on the internet can communicate with each other.
That is what Nervos Network is trying to achieve — the interoperability of dApps and smart contracts. Interoperability is going to be a huge theme moving forward and Nervos is supercharging that with their open-source blockchain that will allow users to access any asset from any blockchain, as well as providing clogged-up networks with easy Layer 2 scaling solutions.
There are billions of SIM cards around the world, each transmitting an incalculable amount of data from internet roaming, SMS messages, and phone calls. If you already thought this was a big and complex enough industry, just wait until we bring blockchain into the mix. Dent is trying to tokenize mobile data across international borders. Not to mention they also have over million users on their network.
Blockchain appears to be the perfect technology addition to any business that wants to adapt to the new digital age. For those businesses who want to adopt it, VeChain Thor could be what they are looking for. VeChain Thor is a global enterprise blockchain that empowers traditional businesses to create decentralized economies. The cost of running a large IT infrastructure is very expensive. When you combine that with the complexity of managing it across a huge corporate network, it becomes even more challenging.
Imagine IoT-connected sensors and devices being able to talk to one another, tracking supply chains for goods while monitoring their condition, and solving last-minute delivery issues. In concluding this list of the best cryptocurrency under a penny, we must admit that cryptocurrencies are often pretty bad at what they initially set out to do — be a better method of payment than traditional currency. Most blockchains are too slow or expensive to fulfill this particular use case.
Electroneum is lowering the barrier to adoption to traditional finance by enabling millions of unbanked peoples to have access to modern banking for the first time. Available in over countries, Electroneum allows you to send ETN across the globe at practically no cost and almost instantly. So there you have it!
Eight worthy candidates for what could be the best cryptocurrency under a penny. So if you want to keep up on the latest and best cryptocurrency under a penny then you should join our official Telegram channel to get access to our latest coin recommendations.
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