Posted by Top 10 Best Penny Cryptocurrency to Invest in 2024
The world of cryptocurrencies is a new frontier, with coins like Bitcoin and Ethereum becoming increasingly popular. They represent a digital currency that can be used to buy or sell goods anonymously. With the recent rise in popularity for these types of currencies, it’s important to know how they work before you jump into this new trend.
The cryptocurrency market is relatively new and has grown significantly in the last few years. It’s been a wild ride with many highs, lows, and bubbles but it’s not too late to get involved. The currencies are all over the map at this point so you can pick whichever one suits your needs best.
What is cryptocurrency?
“Cryptocurrencies are digital currencies that use encryption techniques to regulate and monitor their transactions. Cryptocurrencies operate independently of a central bank, existing only online.”
What are penny cryptocurrencies?
Penny cryptocurrency is a cryptocurrency that has a price of less than $0.01. It is a digital currency that has a market cap of under $100 million. There are many cryptocurrencies in this category, so let’s take a look at how to find the best ones. Penny cryptocurrencies are one of the best investments in 2024 for various reasons such as they have a low entry point and there is potential to grow into much more valuable coins over time!
The cryptocurrency market is exploding. Bitcoin, the first-ever decentralized cryptocurrency, has reached an all-time high of $10,000 USD per coin and is up over 900% this year alone. That’s a 9x return on your investment in just one year!
This blog post will break down what penny cryptocurrencies are for those who are new to space or want to diversify their portfolio with some riskier investments.
Penny cryptocurrencies are one of the best investments in 2024.
Here’s why you should invest in Penny cryptocurrencies:
- They have a low entry point, which means you can buy more coins for your money.
- You stand to make a lot more profit if they increase in value over time.
- There is potential for penny cryptocurrencies to grow and become worth much more than their current price!
The penny cryptocurrency market is a fast-moving and volatile one. It can be difficult for newcomers to know where they should invest their time and money in this space. To help address these issues, we’ve compiled a list of the best penny cryptocurrencies to invest in 2024.
This article will explore which currencies are worth the investment, and why they offer such good returns to investors. We also include some tips for trading them as well as whether or not it is necessary to buy whole coins or just fractions through an exchange like Coinbase, Binance or Kraken.
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Here are the best penny cryptocurrencies to invest in 2024:
- Dogecoin – $0.60
- VeChain (VET) – $0.24
- Stellar Lumen (XLM) – $0.64
- Zilliqa (ZIL) – $0.23
- Chilliz (CHZ) $0.51
- Polygon (MATIC) – $0.77
- Tron (TRX) – $0.15
- BitTorrent (BTT) – $0.008
- Hedera Hashgraph (HBAR) – $0.31
- Holochain (HOT) – $0.015
1. Dogecoin – $0.60
With a market cap of $79,393,194,866 in USD and Dogecoin is the best penny cryptocurrency in 2024. Dogecoin is a cryptocurrency featuring a likeness of the Shiba Inu dog from the “Doge” Internet meme as its logo.
Dogecoin is a cryptocurrency with the potential to change how we think about money. It was created by two software engineers, Billy Markus and Jackson Palmer. Dogecoin’s founders wanted an easy-to-use payment system that would work instantly without any transaction fees or waiting times – but they also wanted it to be fun! The result of this dream? A currency completely free from traditional banking fees called dogecoins (DOGE).
Dogecoin is backed massively by the people which makes it very high in demand and is currently the 4th cryptocurrency on coinmarketcap website.
2. VeChain (VET) – $0.24
VeChain is a blockchain-enabled IoT system that uses smart chips for data gathering, analysis, and authentication. Vechain utilizes Blockchain Technology to create an authentic ledger of ownership that can be used by all individuals involved in the product’s supply chain including manufacturers, retailers, and end consumers.
The company has obtained many partnerships with industry giants such as PwC, Renault and Microsoft in the past.
The VeChain foundation created its own version of Ethereum’s ERC-20 token standard (called the “Thor” token). These tokens can be used for a variety of purposes, such as paying off smart device data bills or purchasing products.
VeChain has been around for two years already and is currently one of the newest cryptocurrencies in the market. It’s also worth noting that the VeChain Thor token was trading at $0.24 1n 2024.
3. Stellar Lumen (XLM) – $0.64
Stellar is a crypto coin and an open-source protocol that connects banks, payments systems, and people.
XLM transactions are fast (you can send money across the world in just a few seconds) as well as reliable because they require only one confirmation from the network to be considered final.
This is due to Stellar’s use of what it calls “anchors,” which are trusted entities that move funds in and out of the network. Stellar also offers low fees, with each transaction costing only 0.0000001 XLM (or about $0.0000025).
Stellar is a new digital currency that allows for seamless and easy transactions between any pair of currencies, no matter where you are in the world.
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4. Zilliqa (ZIL) – $0.23
Zilliqa is a scalable and secure open-source blockchain platform that solves the issue of scalability by sharding its network.
Zilliqa, a blockchain platform for decentralized applications (DApps), has launched its mainnet in 2019. Zilliqa was the first to implement sharding and is well known for its smart contract language Scilla which powers DApp creation on the network. The coins can be used as non-custodial staking or dual mining with other cryptocurrencies such as Bitcoin Gold and Ethereum Classic among others.
Its goal is to make ZIL transactions faster, cheaper, more reliable, and private than other blockchains. Currently, only trading on an exchange called Huobi Pro (currently in beta), this coin will be making its way to more exchanges this year.
ZIL has a total supply of 21 billion tokens, with the majority being released over time and used for mining (currently only 0.54% is mined). It’s currently trading at about $0.23 per token and could be worth investing in as it progresses throughout 2024.
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5. Chilliz (CHZ) $0.51
This is a coin that was released on December 16th, 2018, and has been listed on many exchanges. It’s currently only trading on HitBTC which means it could have some upside potential as more people get to know about the project. It is one of the best penny cryptocurrencies to invest 2024.
Chiliz is a new currency option for blockchain-backed products and services geared towards mainstream consumers. chiliZ ($CHZ) is the digital tokens to access goods and services on the Chiliz, which uses Ethereum as its ledger technology. These specific token options pertain to teams or clubs who have encrypted their membership rights ownership in this database system.
6. Polygon (MATIC) – $0.77
This cryptocurrency is a recent addition to the market and it has already reached an all-time high. The Polygon project was created in 2017 with the goal of creating a decentralized marketplace for mobile gamers that can be accessed through mobile apps or web browsers.
The Polygon framework is an interoperability and scaling solution for building Ethereum-compatible blockchains. The project seeks to address some of the major limitations that have become evident in Ethereum: namely, its throughput (or how many transactions it can process per second), poor user experience (high speed with delayed transactions).
Faced with these problems, one-way developers could try to fix them would be through sidechain solutions—which are changes made on a blockchain without affecting other chains linked into it. Such attempts do not go well as they often require consensus from all parties involved; however, this has been fixed by including prominent members of the community who serve as advisors such as Hudson Jameson, Ryan Sean Adams, Anthony Sassano and John Lyrics.
7. Tron (TRX) – $0.15
Tron has a mission to build the infrastructure for this decentralized internet, with an overall goal of creating entertainment content that could be distributed in a digital form.
In addition to providing its users and developers with faster transaction speeds than Ethereum does, it also has lower costs on transactions. It is one of the best penny cryptocurrencies to invest 2024.
TRON is an ambitious project that aims to make the internet more decentralized.
8. BitTorrent (BTT) – $0.008
BitTorrent is one of the oldest cryptocurrencies but is also among the most popular. It has captured 22% of total upstream traffic and can be traded for BTT on over 100 million users around 138 countries, so it’s no surprise that content developers are catching onto this trend now too! The new endeavor between BitTorrent and TRON (TRX) will likely prove to be lucrative for investors if not traders as well because they’ll get access to a torrent-based cryptocurrency with more than 20 billion transactions processed every year–and all without any third-party entity involved
BitTorrent was originally founded in 2001 by Bram Cohen who coded an efficient way to exchange data through peer networks when other file distribution methods were slow or unreliable. It is one of the best penny cryptocurrencies to invest 2024.
9. Hedera Hashgraph (HBAR) – $0.31
HBAR is a post-blockchain ledger that offers high throughput, low latency, and fairness in transaction execution. The company claims to be able to handle more than the combined capacity of Visa Inc., Mastercard Inc., and Western Union Co. It is one of the best penny cryptocurrencies to invest 2024.
The Hedera Hashgraph is one of the most promising cryptocurrencies on the market. As an investor, it’s important to invest in something that will grow value and not lose money when times get tough. The Hedera technology provides a superior way for people all over the world to communicate with each other through decentralized apps without needing any central authority such as Facebook or Google.
10. Holochain (HOT) – $0.015
Holochain is a scalable, agent-centric distributed computing platform that uses peer-to-peer networking. The Holochain protocol enables direct device-to-device communication for data security and transparency with little centralized control.
Holo is the best investment for those looking to get into cryptocurrencies. It offers a lightweight, secure and versatile framework that will be able to support everyday distributed apps in the future. The long-term forecast of this coin has it sitting at $0.015 with its median price target being around there as well! It is one of the best penny cryptocurrencies to invest 2024.
If you’re looking for the best cryptocurrency to invest in, we have some advice. To start with, do your research before making an investment–there are many scams out there and it’s important not to be fooled by a “sales pitch.” Secondly, make sure that whatever coin you buy is backed up by something tangible like technology or goods.
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Lastly, don’t forget to diversify; if one currency goes down then others will go up so try spreading your investments over several different coins instead of putting all your eggs in one basket! Which of these cryptocurrencies do you think is the best investment?