There are thousands of cryptocurrencies in the market today. The big ones like Bitcoin and Ethereum are the obvious choices, but there are various other cheap alternatives in the form of penny cryptocurrencies with more growth potential to your portfolio. Many people go for cryptocurrency that could provide them a high rate of return within less time. Given the fact that crypto prices have exploded this year, they're the rage nowadays, and everyone is looking into them. As most people look for affordable investment ways, this article features the top 5 best penny cryptocurrencies that can make you rich in the future.
VeChain is a blockchain-as-a-service platform mostly for enterprises that want to leverage the power of the Internet of Things to prevent counterfeiting. It uses IoT to track and provide proof of authentication for goods and services during trading. It is one of the best penny cryptocurrencies that can make you rich in the future.
Binance started as a centralized cryptocurrency exchange in 2017 and went forth to become the largest cryptocurrency exchange by daily trading volumes. Today, the group also runs a blockchain known as Binance Chain, on which many projects and applications are hosted. Binance Chain supports the Binance DEX, which is a decentralized exchange application for Binance exchange.
Perhaps, the king of meme coins, Dogecoin, started as a joke but has turned several investors into millionaires. The coin uses the proof of work mining algorithm like that of Bitcoin. It helps to reduce confirmation time for every block to about 1 minute. Also, it's used as a payment token on several platforms and is a famous tipping coin. It is one of the best penny cryptocurrencies that can make you rich in the future.
Undoubtedly, this is one of the most popular cryptocurrencies in the market as of now. It was known as OpenCoin when it was launched in 2012. Ryan Fugger and Jed McCaleb founded Ripple, and their angel investor was Chris Larsen. It is one of the best penny cryptocurrencies that can make you rich in the future.
It is a blockchain platform that recently enjoyed the upward pull of the market because of the fan token frenzy. Chiliz is underpinning Socios.com, a fan engagement service that lets sports teams sell fans special advantages like early access to tickets, voting on team jersey designs when they take the field, etc. These perks are then sold on the blockchain as "fan tokens."
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.