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 with 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 10 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.
DAI is an Ethereum-based stablecoin whose issuance and development are managed by the Maker Protocol and the MakerDAO decentralized autonomous organization. The price of DAI is soft-pegged to the USA dollar and is collateralized by a mix of other cryptocurrencies that are deposited into smart-contract vaults every time a new DAI is minted.
Binance
Binance started as a centralized cryptocurrency exchange in 2017 and became 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.
TAMA is in its presale period, and the maximum supply for this penny crypto is 2 billion tokens. One of the reasons investors should consider this crypto is that it is a deflationary asset. This means that the developers would reduce its current supply in the long run.
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 the 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 particular 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."
With the rise of Dogecoin, many meme cryptos have also gained popularity. One such coin that has gained popularity since its release in 2021 is Shiba Inu. In the last quarter of 2021, Shiba Inu's price skyrocketed by 1,400% due to its growing popularity on social media platforms.
Calvaria is a brand-new crypto project built around play-to-earn mechanics. The goal of the project is to spread mass adoption of cryptocurrencies through a fantastic battle card game inspired by similar games like Magic the Gathering. The platform wants to bridge the gap between crypto and the real world.
Dash 2 Trade is a social trading and crypto analytics platform you can only access with its native token, D2T. It started its first presale round on October 19th, 2022, and has raised over $600,000 already. Dash 2 Trade offers revolutionary trading signals that access social and technical indicators to provide crypto traders with profitable trading strategies.
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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.