You have been seeing viral news, publication and in most cases, your friends must have advised you to buy Bitcoin or invest in cryptocurrency.
But when you log into your Binance account (or any other crypto exchange you decide to use) and check the prices of most popular coins like Bitcoin and Ethereum the prices scare you because they seem way too costly.
Of course you are not an expert in spotting coins with good potentials.
Don’t worry. I have a good news for you.
In today’s guide I am going to show you 8 Best Penny Cryptocurrency to Invest in 2021 With Low Risk.
Just as the name implies “Penny Cryptocurrency” it means these coins are very cheap, have a good foundation, and of course very low risk.
But then, before I walk you through the Best Penny Cryptocurrency to Invest in 2021.
First, I will tell you why this penny cryptocurrency is good to invest in and then provide some market data chart to back up my claims.
You ready, let proceed.
P.S The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this article is solely the opinions of the writer who is not a licensed financial advisor or registered investment advisor. Trading Forex, Cryptocurrency, and CFDs pose a considerable risk of loss. The writer does not guarantee any particular outcome. Your profit or loss is solely yours, and I employ you to make further research before investing your money.Disclaimer
Why Penny Cryptocurrency Will Explode in 2021
I am going to provide you with few good reasons why penny cryptocurrency will explode in 2021, and in the next sub-heading I will list out my best penny cryptocurrency to invest in 2021.
- They are cheap and most of the penny cryptocurrency is not even up to 1 cent, making it readily available to everyone.
- Most of the penny cryptocurrency technology is much more advanced than Bitcoin
- The price of Bitcoin and other top coins are expensive and not everyone will be able to afford it.
8 Best Penny Cryptocurrency to Invest in 2021 With Low Risk
Below is the list of the best penny cryptocurrency to invest in 2021. These coins have super foundation and uses cases and in no time in 2021 they are going to explode in price.
1. Monero (XMR)
Monero is a cash for a connected world. It’s fast, private, and secure. With Monero, you are your own bank. You can spend safely, knowing that others cannot see your balances or track your activity.
Monero is a privacy coin and has some of the most advanced techs in the space when it comes to ring signatures, mining algorithms, and transaction capability.
There is a number of agencies that have been trying to crack the algorithm for a few years but all to no avail.
However, the fact that they are trying to do so shows that they are concerned about the project and view it as a threat.
There are a number of other reasons as to why I am bullish. Monero uses a mining algorithm that makes it more decentralized than Bitcoin.
Also, it has the most liquidity out of the privacy coins. And, even there is a situation in which centralized exchanges delist Monero, you can trade in a decentralized manner through the use of atomic swaps.
2. Theta (THETA)
Theta is a project that is looking to completely transform the way we think about streaming and online content delivery. They want to decentralize and democratize it.
They type of scale is all possible thanks to some pretty mindblowing streaming and blockchain technology. You also have to consider just how hot streaming is currently and most of it is in the hands of centralised entities.
Theta has a strong team and strong advisors. All of the Theta token supply is already on the market with 55% of it being staked.
When you stake your THETA, you also earn another token called TFUEL. These are burned every time that is a transaction which of course reduces the available supply.
3. Cardano (ADA)
Cardano is a blockchain platform for changemakers, innovators, and visionaries, with the tools and technologies required to create possibilities for the many, as well as the few, and bring about positive global change.
Cardano is a proof-of-stake blockchain platform: the first to be founded on peer-reviewed research and developed through evidence-based methods.
It combines pioneering technologies to provide unparalleled security and sustainability to decentralized applications, systems, and societies.
As Cardano has a supply of 31 billion. At 100 $ price valuation it will cross 3 trillion. … when you see Apple and Amazon created so much value in public space for the last 20 to 50 years and still not able to cross a trillion-dollar, Cardano will reach anywhere near a trillion-dollar valuation in near future.
Due to the potentials of Cardano token that is why it is among the Best penny cryptocurrency to invest in 2021
4. Algorand (ALGO)
Algorand could be an attractive play if you are looking to diversify your “smart contract” blockchain exposure. Algorand is a blockchain that has actively set to solve the pretty well known “blockchain trilemma”
However, they plan to achieve this is down to their highly performant consensus mechanism. It is called “Pure Proof of Stake”.The main benefit of this is Algorand’s technology finalizes blocks in seconds.
There is also strong VC funding that could help to increases the use cases on the blockchain. You also cannot forget about the impact of USDC demand (it was integrated with Algorand).
5. Stellar Lumens (XLM)
Stellar makes it possible to create, send, and trade digital representations of all forms of money: dollars, pesos, bitcoin, pretty much anything. It’s designed so all the world’s financial systems can work together on a single network.
Stellar’s API and SDKs are ready to help you transform the world of finance, and the network’s currency connections could give even a small company the power and reach of an international bank.
Here’s what you can build with Stellar with a few lines of code:
- Micropayment services
- Asset exchanges
- Global Payment Apps
Stellar made it on my list of the best penny cryptocurrency to invest in 2021 because of their use cases. Large enterprise companies and companies as small as single-dev startups have chosen Stellar to move money and access new markets.
6. Injective Protocol (INJ)
The Injective Protocol is a decentralized derivatives exchange that is built on Cosmos. It will allow users to trade spots, swaps, and futures in a completely permissionless way.
They will also be able to structure their own derivates on the platform and create a market for it.
It is implemented as a Cosmos SDK module and is built with Ethermint. This basically means that it has one major advantage over most of the Ethereum based Dex’s on the market.
This is because it is a layer 2 cosmos zone and hence does not have to put up with the congestion that other Ethereum based DEx’s do.
7. Zilliqa (ZIL)
Zilliga is committed to delivering a scalable and secure platform for developers and enterprises who wish to build decentralized applications.
Zilliqa was born at the National University of Singapore and was the brainchild of a team of academics, entrepreneurs, and engineers. Their technology is backed by peer-reviewed academic research.
You can think of Zilliqa as a competitor to the ethereum network. It is also a public blockchain platform that allows developers to build smart contracts and DApps on top of it. The fundamental difference is Zilliqa uses sharding.
Zilliqa was created with the purpose to scale. They knew enterprise adoption is not going to be possible if a platform can only process 10-20 transactions per second.
This problem is immediately apparent from the crypto kitties hype on ethereum. It was so popular that the transaction gas fees spiked up by 3900% at one point due to network congestion.
Can you imagine if it is a real-world application? Nobody would use the blockchain if the transaction fees are too expensive.
Fortunately, Zilliqa has already solved the scaling problem through a method known as sharding. It is not some theory research as this is already live on their mainnet. And Zilliqa is the ONLY one that has successfully implemented sharding.
With sharding, Zilliqa can process 2828 transactions per second making it perhaps the fastest blockchain platform as compared to others.
Bitcoin can only process 7 transactions per second, Ethereum 15, Tezos 50, Cardano 250 and Visa can do 8,000. Nobody is anywhere near the commercial application of Visa except Zilliqa.
I added Zilliga to my list of best penny cryptocurrencies to invest in 2021 because as of when I was writing this article Zilliga price is $0.084516 USD with a 24-hour trading volume of $1,174,830,909 USD. Zilliqa is up 17.40% in the last 24 hours.
The current CoinMarketCap ranking is #31, with a market cap of $911,570,931 USD. It has a circulating supply of 10,785,777,259 ZIL coins and a max. supply of 21,000,000,000 ZIL coins.
Zilliqa seeks to become the blockchain of choice for large-scale enterprise use, including among the advertising, gaming, entertainment, and financial services and payments industries. In its 2018 position paper, its team states that the platform “aims to rival traditional centralized payment methods such as VISA and MasterCard.”
8. Basic Attention Token – BAT
The $330 billion digital advertising industry is failing users, publishers, and advertisers. The Basic Attention Token solves the endemic inefficiencies and privacy violations hobbling the digital ad industry.
The current CoinMarketCap ranking is #59, with a market cap of $308,864,754 USD. It has a circulating supply of 1,492,579,369 BAT coins and the max.
BAT has seen stunning results since its integration into the Brave browser’s first global private ad platform: 22.2 million monthly active users, 7.4 million daily active users, 1 million verified creators accepting BAT, millions of wallets created, thousands of ad campaigns with leading brands, and growing utility in the most innovative names in blockchain gaming.
The results make BAT one of the most, if not the most, successful altcoin projects to date.
BAT is a best penny cryptocurrency to invest in, Imagine anyone who uses Brave browser is automatically a user of the token.
As a reminder “Best Penny Cryptocurrency To Invest” is my total view and foremost recommendation. I employ you to do further research.
My suggestions should only serve you as pointers and one of the information sources you take into account while making your decision as to where to invest your money.
And if you loved what you read here, let me know your thoughts in the comment section.