Most penny cryptocurrencies in 2018 can be a lucrative way to expand your crypto portfolio. Investing in penny cryptocurrencies can scare many traders, but it can offer huge potential if you do your own research.
The TSG team believes that there are still secret gems in the myriad coin catalogues. There are over 1600 coins on the market and it is growing. From this huge list, we will pick the best penny cryptocurrencies to invest in.
At one point even Bitcoin was a penny coin!
A cheap coin doesn’t necessarily mean a cryptocurrency is undervalued or unreliable. This mindset shows a basic misunderstanding of supply and demand. Many new ICOs and developer teams are very innovative. They create coins at artificially low prices to get new investors interested in cryptocurrencies.
It is common psychology that people own 1,000 coins cheaper than 0.10 Bitcoin. Bitcoin is expensive, so in most cases you cannot spend multiple bitcoins at once unless you are a millionaire. However, you can buy 1,000 Ripple XRP for $400, which is much better than 0.050 BTC.
Moving forward, we’ll dive into what you’re looking for and find the best penny cryptocurrencies to invest in, but first let’s start with what a penny cryptocurrency is.
What is Penny Cryptocurrency?
A penny cryptocurrency is a coin that is worth less than one dollar. In a sense, the relationship between penny stocks and classic stocks can be considered the same. The same relationship exists between penny coins and regular cryptocurrencies.
Penny coins are somewhat volatile, and choosing the wrong one is definitely a risky investment. Nonetheless, they have great potential to generate 100x, 500x or even 1,000x returns.
Some penny coins have created outstanding returns. For example, in 2017 Ethereum is up almost 10,000%. But even this performance pales in comparison to the 1,582,000% gain realized by the Verge XVG.
Before making this type of profit, you should first know a good place to buy penny cryptocurrencies.
See below:
Where to Buy Penny Cryptocurrency
Unfortunately, buying penny cryptocurrencies is a two-step process. You cannot buy coins under $1 with fiat money directly. To do this, you must first buy Bitcoin or Ethereum with your fiat currency. Most altcoins are traded against Bitcoin or Ethereum, so you need BTC or ETH to buy penny cryptocurrencies.
The best exchange to buy cryptocurrencies with fiat is Coinbase. This is the first step. Second, after you buy Bitcoin, you can buy penny crypto by transferring your BTC to an altcoin exchange like Binance.
The #1 most trusted and recommended place to buy and sell Binance cryptocurrency. Binance is known for its strong team, proven products, superior technology and industry resources. They have strong relationships with industry leaders and are capable of 1,400,000 orders per second, making them the fastest exchange on the market today. You can sign up here in less than 5 minutes.
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Now let’s take a look at the penny cryptocurrencies you should invest in and their potential to generate insane returns.
Penny cryptocurrency investment
We always have the potential to invest in sub-dollar coins or pennies of cryptocurrencies, explode, and triple our doubled money. That’s what our crypto portfolio is all about.
We should focus on the importance of cryptocurrencies valued at less than a dollar. Not all coins are created equal, so in some cases it’s better to buy a portion of Bitcoin than 1,000 altcoins, which are fraudulent coins that have no future and are built on hype.
Our team at TSG will offer three penny cryptocurrencies for investment with growth potential. We encourage everyone investing in the cryptocurrency space to do their own research on any coin because you don’t want to HODL ship coins.
Penny Cryptocurrency #1: IOTA
My first choice for a sub-dollar coin is IOTA. IOTA has the potential to change the way payments are made. The IOTA blockchain has major differences from almost all other cryptocurrencies.
IOTA promises completely free transactions. So, if you are participating in the IOTA network and you want to send a payment, you will need to use your device to verify two payments, and if you do, just joining the network will give you access.
Its zero-fee nature allows for all types of microtransactions which would make IOTA a good bag for HODL in crypto portfolios.
If you are looking for a practical way to trade IOTA, check out our trading strategy: IOTA Cryptocurrency Strategy – Burst Double Top Pattern.
Penny Cryptocurrency #2: Ripple XRP
Our favorite penny cryptocurrency is Ripple XRP. Currently trading at $0.35, the cryptocurrency has tremendous growth potential.
Ripple promises to help banks and financial institutions how to process transactions and payments. If you’ve ever been to a bank and realized how much a simple wire transfer costs, you know they steal money from them.
Everything is slow and everything is really expensive. Ripple can work with or without a bank, but allows for fast real-time transactions. This also happens for a small fee.
If you are looking for practical ways to actively trade Ripple, check out our trading strategies: Best Ripple Trading Strategies to Make Millions
Penny Cryptocurrency #3: SiaCoin
The third cryptocurrency for less than $1 is SiaCoin, which allows you to rent unused hard drive space and make money. What makes this blockchain technology so attractive is that it has a variable pricing model.
So as more users add storage, the price goes down, and when storage becomes scarce, the storage price goes up.
This technology has great potential to disrupt Amazon AWS, Dropbox and Google Drive. For this reason, the fact that it’s trading at less than a cent at the time of writing this article makes me think it has incredible growth potential and could be a real disruptor in the cloud storage industry.
Conclusion – Best Penny Cryptocurrencies 2020
Blockchain technology has the potential to really change the way people handle money, especially in 10 to 20 years. The most important thing when investing in cryptocurrencies is research.
Most importantly, penny cryptocurrencies are a great alternative investment choice for those who don’t have a lot of cash on hand. Our best penny cryptocurrencies 2018 guide simply highlights three projects in which we believe the potential returns outweigh the risks involved.
We believe these 3 coins are the best cryptocurrencies to invest in as they are likely to explode upside down during 2019. Even Bitcoin was a penny cryptocurrency.
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