Monat: März 2023

Every investor knows that finding the lowest-price crypto coins from a value perspective is key to delivering massive returns on investment. Finding promising projects can be easier said than done, and so it’s worth taking the time to understand which projects are the ones that analysts believe are set to skyrocket ahead of putting in hard-earned cash to start investing.

What are the top cheap cryptos to buy for big gains in 2023?

There are enough cheap cryptocurrencies and so many quality projects across the Web3 revolution that the strongest choice for those cryptos considered to be great investments spans a number of different sectors. Here is a list of the best cheap crypto projects to help identify where the best returns might be found:

1. Metacade (MCADE)
2. AltSignals (ASI)
3. Dogecoin (DOGE)
4. Filecoin (FIL)
5. Chainlink (LINK)
6. Uniswap (UNI)
7. Luna Classic (LUNC)
8. Cardano (ADA)
9. The Sandbox (SAND) 
10. Ripple (XRP)
11. Basic Attention Token (BAT)
12. Theta Network (THETA)

1. Metacade (MCADE) – Revolutionizing the world of gaming

What is Metacade?

Metacade is an innovative new project that is attracting a huge amount of attention across investor groups following the recent release of the project’s ambitious and far-reaching whitepaper. 

The whitepaper release has driven incredible performance in the project’s presale, where savvy investors are flocking to secure their tokens at while it remains one of the lowest price crypto coins — leading to an unbelievable  $12.3m being raised in just 17 weeks.

Metacade is constructing the largest play-to-earn (P2E) arcade on the planet and, in doing so, appears set to capitalize on the huge growth predicted for the burgeoning GameFi space. The arcade caters to a huge range of different play styles, meaning that whether gamers prefer casual gameplay or more competitive gaming, Metacade has them covered.

With the platform offering rewards even for non-gaming activities like writing game reviews and sharing alpha which improve the overall user experience, the cryptocurrency roject looks likely to drive incredibly high user growth and retention numbers. With the project’s utility token, MCADE, critical to the use of the ecosystem, this user growth could provide a huge level of buying pressure on the MCADE token as releases go live.

Why should you invest in Metacade?

MCADE serves as the native token and currency of the Metacade platform and also powers the extensive rewards system. The token has also been designed to be very investor-friendly, with a supply of just 2 billion tokens and staking options available to allow long-term holders to earn a passive income in exchange for their staking. 

Another feature of Metacade that has been incredibly well received is Metagrants, which allows game developers of all sizes to pitch their game ideas to the Metacade community. MCADE holders are then able to use the governance rights afforded to them through the token to vote on which projects they believe deserve funding from the Metacade treasury.

MCADE is a compelling investment choice as a result of both the innovative design choices and the budding sector waiting for growth. With a bright future ahead, Metacade is one of the most highly regarded cheap crypto projects out there right now.

>>> You can participate in the Metacade presale here <<<

2. AltSignals – The best trading signal provider out there

What is AltSignals?

AltSignals is an incredible cryptocurrency project that already boasts 50,000 users and provides top-quality trading signals using its AltAlgo™technology. Despite having already delivered 1,500 signals with a phenomenal 64% success rate, the team is pushing for even more by building the AI-powered ActualizeAI product. 

The ASI token will grant access to ActualizeAI, and also allows holders to benefit from joining the ActualizeAI Club, an open network where further rewards will be available for contributions to product development.

Leveraging cutting-edge machine learning methodologies, including natural language processing (NLP), sentiment analysis and reinforcement learning, the project could be destined for big things over the coming years.

Why you should buy AltSignals?

Trading signals are increasingly popular as more and more users catch on to the opportunities available across markets such as crypto, given the volatility they experience. As a result, AltSignals looks primed to capitalize on this through the innovation of the ActualizeAI product.

Given the huge advantage that a community of existing users gives AltSignals, it’s no surprise that investors have been hotly anticipating the ASI presale event, and if the amount of early interest is anything to go by, then we could see the presale sell out very quickly.

>>> You can participate in the AltSignals presale here <<<

3. Dogecoin – The original meme coin

What is Dogecoin?

Dogecoin is the very first meme coin, but the journey the project has been on shows that it is one cheap meme crypto that is no joke. The project was created as a more accessible alternative to Bitcoin and considers itself to be a viable option as an alternative to the standard global payment infrastructure we use today. 

The blockchain’s transaction history shows an extensive history of use, and in late 2022 Dogecoin was reported as the fourth most popular crypto project for payments on BitPay. With low transaction costs and a very supportive and helpful community, the project has put itself in a strong position as a fun alternative to more serious and mainstream projects.

Dogecoin has been one of the cheapest crypto projects out there for many years, and while the price is much higher than back at the point of launch, it remains among the cheapest crypto choices when taking into consideration the huge name recognition the project holds.

Why you should buy Dogecoin?

Dogecoin continues to surprise almost everyone as a cryptocurrency project that continues to build momentum despite having been around for a long time. The project could see technical advances open up even more use cases for the token, with many interoperability solutions meaning the smart contracts on Dogecoin could be here before we know it.

With so much potential for future development and such an incredibly passionate and positive community around the project, it gives Dogecoin every chance of posting big gains over the next few years and finally making it past the $1 barrier, even if it is no longer one of the lowest price crypto coins.

4. Filecoin – The storage layer of the decentralized internet

What is Filecoin?

Filecoin is a decentralized storage network that allows users to store, retrieve and share data securely and efficiently. It is built on top of blockchain technology and uses the native cryptocurrency FIL to enable it to provide a more secure and transparent way to store data.

One of the key elements of Filecoin is the creation of a marketplace where users can buy and sell storage space, and in this marketplace, storage providers can offer their unused storage space to anyone who needs it, while users can pay to store their data on this network and this creates a distributed network of storage providers that can securely store data in a fully decentralized way.

Filecoin is among a growing subset of cryptocurrency projects that many consider to be an important part of the future of the web, focusing on the infrastructure layer that could take over from centralized cloud solutions that we rely on today. 

Filecoin uses a system of economic incentives to ensure that storage providers behave honestly and store data correctly , with providers required to submit storage proofs to demonstrate that they are storing the data correctly and to earn FIL rewards for their service. If a provider is found to be misbehaving or storing data incorrectly, they will be penalized and lose their rewards in a process known as slashing.

Why you should buy Filecoin?

Filecoin is a project which has the potential to underpin the future storage layer of the decentralized internet. If it is able to capture a significant portion of the established cloud storage market, there is no doubt that the price of FIL is likely to skyrocket as a result.

Filecoin is considered one of the best cheap crypto projects out there given its potential, and while it’s unlikely that big tech will give up the dominance they enjoy over the storage market without a fight, the chance that Filecoin has to usurp some of their control makes it an interesting crypto to invest in.

5. Chainlink – Bringing off-chain data to smart contracts

What is Chainlink?

Chainlink is a crypto project that uses its native token LINK to facilitate a series of economic incentives that allow for trustless data retrieval via the Chainlink decentralized oracle network (DON) — solving what is known as the oracle problem. Chainlink runs on the Ethereum network but is actually chain-agnostic, and allows smart contracts to access data that is not stored on the blockchain.

The need for data in this way is so widespread that Chainlink boasts a huge amount of partnerships, and far more than anyone else in the crypto space. The project is already used heavily across many successful projects, from decentralized exchanges to DeFi lenders, and a growing number of decentralized applications are leveraging the technology.

Chainlink has long been considered among the best crypto to invest in, and while the market cap of the cryptocurrency project is now relatively high, it could still see significant growth over the coming years as the usage of digital assets grows.  

Why you should buy Chainlink?

Chainlink uses the LINK token heavily and this means that as the adoption of Chainlink continues to grow, so too does the buying pressure on the LINK token. The project has also seen a trial with the payments giant Swift, and if Chainlink were to be part of the global financial networks of the near future, then it could mean astronomical returns for those LINK holders who were able to get in early enough.

Whether or not the LINK token is a stronger crypto to invest in than other projects like fan tokens and other penny cryptocurrency projects out there remains to be seen, but Chainlink remains one to watch as the space grows. 

6. Uniswap – An exchange without the middleman

What is Uniswap?

Perhaps one of the most innovative uses of Web 3.0 technology is the rise of decentralized apps, and none more so than the decentralized exchange, which uses an innovative set of smart contracts to enable its users to trade cryptocurrencies without the need for an intermediary such as a centralized exchange.

Uniswap operates on an automated market maker (AMM) model, which uses a mathematical algorithm to determine the price of tokens on the exchange and is the leader of the decentralized exchange space right now. The price of a token is based on the ratio of the token’s supply to the total value of the other tokens in the exchange’s liquidity pool, which means that as the supply of a token on the exchange changes, the price will adjust automatically based on the algorithm.

Users can provide liquidity to Uniswap by depositing two types of tokens into a liquidity pool and in exchange for providing liquidity, users earn a portion of the trading fees generated by the exchange. This incentivizes users to add liquidity to the exchange, which in turn improves the liquidity of the cryptocurrency market for all other users.

Uniswap has played a key role in enabling the trading of new and emerging cryptocurrencies that are not yet listed on traditional exchanges and has also become a popular platform for decentralized finance (DeFi) applications to integrate as a result.

Why you should buy Uniswap?

Uniswap is the most prominent decentralized exchange in the world, and given that it is built on the Ethereum network, it maintains a strong addressable market. As more digital assets go live and integrate with Ethereum, the scope of Uniswap’s role in the ecosystem increases, meaning that there could be a huge surge of users as TradFi starts to get involved in the space.

The crypto market is unpredictable, but Uniswap is a crypto asset that plays a vital role in providing an alternative to centralized exchanges. This means that it stands a good chance of holding its own against mainstream crypto exchanges, and so could prove to be a blockchain platform with a very bright future ahead of it.

7. Luna Classic – Can the old project come back to life?

What is Luna Classic?

Luna Classic is a cryptocurrency that is the original version of the Luna project, which collapsed spectacularly following the depegging of the project’s algorithmic stablecoin, UST. This led to a hard fork similar to that experienced by Ethereum back in 2016.

The hyper-inflationary spiral that LUNC experienced prior to the hard fork means that there are now a mind-blowing seven trillion tokens in the supply, but this hasn’t stopped a dedicated community of followers backing the project to make a triumphant return over the coming years.

Whether or not the project is able to do this will depend, as with many other projects, on the use cases that can be brought to life by the development beyond its ability to run predictably with LUNC being used to validate transactions. A promising first step, though, is a recently accepted proposal to repeg the project to USTC, which would require a huge burn of tokens in the process.

This could also provoke regulatory issues with the SEC, especially in light of existing concerns raised by the department following the fireworks of the collapse.

Why you should buy Luna Classic?

Luna Classic is an interesting investment because it could prove its doubters wrong and return to its former glory over time. The project’s market capitalization is down 90% from the highs in saw pre-collapse in 2022, and so if it is able to somehow climb back up to those levels, it could represent a great opportunity for investors. 

LUNC is one of the most popular penny cryptocurrency projects, given its name recognition and ambitious plans for resurrection, but only time will tell if the project and its community have what it takes to achieve the impossible and return LUNC to its former glory and beyond the very small projects using the chain, like fan tokens.

8. Cardano – A peer-reviewed blockchain 

What is Cardano?

Cardano is a blockchain platform that was created by Charles Hoskinson, a co-founder of Ethereum. It was designed to be a more advanced and secure blockchain than previous iterations by focusing on research and academic rigor in its development, and no new research is implemented into the platform before it has been peer-reviewed.

Cardano uses a proof-of-stake consensus mechanism to validate transactions, and this can also allow for more decentralized control over the network, as it reduces the concentration of power in the hands of a few large miners.

Another important aspect of Cardano is its use of a layered architecture, which allows for greater flexibility and scalability. The platform is built on two layers: the Cardano Settlement Layer (CSL) and the Cardano Computation Layer (CCL). The CSL is responsible for processing transactions and maintaining the distributed ledger technology, while the CCL is used for running smart contracts and decentralized applications.

Why you should buy Cardano?

Cardano has built up a very passionate community over time and, as a result, is one of the most active layer-1 protocols as far as developer activity goes, with projects ranging from DeFi to fan tokens. This is important because as more and more projects get built on the platform, so too does the chance of a step-change in transaction volume which would push the price of the ADA token higher.

While ADA is a popular cryptocurrency to invest in and available on most crypto exchanges, its market cap is already relatively high, so its returns could be more modest that some of the projects in an earlier stage of development.

9. The Sandbox – Letting users monetize user-generated assets 

What is The Sandbox?

The Sandbox is built on the Ethereum blockchain and provides its users with a metaverse and gaming ecosystem that lets users create and monetize in-world assets. The project was created by Pixowl and puts ownership in the hands of users — with all user-generated content belonging to the user via the wonder of NFT technology.

The Sandbox provides tools in order to help users make the most of the ecosystem, with VoXEdit allowing for the creation of 3D assets and Game Maker allowing for 3D games to be created. All user-owned elements have the ability to be traded on the built-in secondary market known as The Sandboxs Marketplace.

The Sandbox uses the SAND token as its currency and also features the virtual real estate LAND token, allowing users to rent out and improve their land parcels. The Sandbox has seen strong performance in the cryptocurrency markets, with it among the top metaverse games out at the moment.

Why you should buy The Sandbox?

The Sandbox is an innovative project that really explores the boundaries of what is possible with a single experience metaverse. If the project is able to continue to build momentum and tap into the huge traditional gaming market, then it could see the demand for SAND increase significantly over 2023 and beyond. 

10. Ripple – The future of cross-border payments?

What is Ripple?

Ripple is now as famous in crypto circles for their ongoing battle with the SEC as they are for its innovative use of XRP to facilitate seamless cross-border payments, but the company has been focused since its founding in 2012 on developing blockchain-based solutions for financial institutions.

One of Ripple’s main products is the RippleNet, which is a global payments network that enables financial institutions to send and receive payments in different currencies quickly, securely, and at low cost, which has led many in the space to believe that RippleNet could be the future of more efficient international payments.

XRP is the digital currency that is used by the RippleNet network to facilitate cross-border payments by providing liquidity on the network and is also used as a bridge currency to facilitate instant payments and the exchange of different currencies. This means that when a financial institution wants to make a cross-border payment using RippleNet, they can convert their local currency to XRP and then convert the XRP into the destination currency — a process that is faster, cheaper, and more efficient than traditional cross-border payment methods.

Why you should buy Ripple?

Many believe that the epic lawsuit regarding unregistered securities trading with the SEC is nearing a conclusion, and should the cryptocurrency platform get the positive result that the Ripple team is said to be confident of, then it could see a huge rise in the market cap of XRP, and likely the rest of the crypto market too.

XRP is one of the oldest digital assets, and while it doesn’t have as big a share of the crypto market as it once did, it remains a big player. This means that although the price of XRP is relatively low, the market capitalization is a lot higher than most other projects, and so while it could see speculative investors see big returns, they are likely to be smaller than those across projects with a smaller total market capitalization figure.

11. Basic Attention Token – Revolutionizing digital advertising

What is Basic Attention Token?

BAT is a project that was created by the creator of Javascript, Brendan Eich, to improve the digital advertising industry. The ambition of BAT is to create a more efficient and fair system for digital advertising, where site users are rewarded for their attention, advertisers are able to reach their desired audience more effectively, and site and copy publishers are fairly compensated for the content they produce.

The BAT ecosystem centers on a web browser called Brave, which is designed to block ads and protect users’ privacy by default while allowing users to opt into the Brave Rewards program, which allows them to earn BAT tokens by viewing ads that are tailored to their interests. Advertisers are able to target specific demographics more accurately, while publishers are paid in BAT tokens for the content they produce.

BAT provides a way to incentivize users to view ads while also improving the overall quality of the digital advertising experience, and so by creating a more transparent and fair system for digital advertising, BAT could create a more sustainable ecosystem for both users and advertisers.

Why you should buy Basic Attention Token?

While it will be a difficult fight to seize market share from the huge tech giants who dominate the browser space right now, if BAT can show a much-improved user experience vs. the incumbents, then it could see strong growth over time.

With nearly 5 billion internet users worldwide, BAT is targeting an enormous market, and so even a small slice could see the price of BAT shoot up — making it an interesting cryptocurrency to invest in.

12. Theta Network – Decentralized video delivery network

What is Theta Network?

The Theta Network is a decentralized video delivery network that is designed to improve the quality, speed, and reliability of video streaming services while also reducing the cost of delivering video content — making it another project that hopes to establish itself at the base layer of Web 3.0 infrastructure.

The Theta Network uses a peer-to-peer (P2P) architecture to deliver video content, which allows for faster and more efficient streaming compared to traditional centralized networks, and it uses Proof of Stake (PoS) consensus to ensure the security and integrity of the network.

Theta Network uses a utility token called THETA, which is used to incentivize users to contribute their unused bandwidth and computing power and resources to the network in exchange for rewards.

Another important aspect of Theta Network is its partnership with major content providers and streaming platforms, such as MGM and Lionsgate. These partnerships allow the network to provide high-quality video content from a variety of sources while also enabling content creators to earn more income from their work.

The Theta Network has gained a lot of attention in the blockchain and streaming communities, with many experts seeing it as a potential disruptor of the traditional streaming industry. By leveraging blockchain technology and P2P architecture, Theta Network aims to create a more efficient and cost-effective solution for delivering high-quality video content to users around the world.

Why you should buy Theta Network?

While it may take a number of years, the evolution of the internet to meet the Web 3.0 standards is already underway, and if Theta Network is a key part of that infrastructure, there’s no doubt that the project will see an incredible amount of user growth over the coming years.

If this happens, then we could see the price of the THETA token 2-3x times higher than it is now, even with a relatively high market cap right now.

Conclusion – What is the Best Cheap Crypto to Buy Right Now?

There’s no question that while there are many projects that have the potential to produce big gains, Metacade is considered to be at the top of the most promising projects out there right now. The crypto world is set for massive expansion over the coming years, and Metacade looks set to take full advantage of this with a compelling high potential project. 

Related Crypto FAQs

Should I buy penny cryptos to build a diverse portfolio?

Penny cryptocurrency investments can seem like an appealing choice for big gains, but the more important consideration is the market cap of the project, as this is the key factor in the returns that come back. Many investors will look to balance a crypto portfolio with a selection of penny crypto assets in order to provide exposure to certain markets, but there are a number of different factors at play, and investors should always research projects a great deal to understand the risks and opportunities.

What are Web 3.0 Crypto Coins?

Web 3.0 crypto coins refer to the crypto assets that are used in some way to help provide the foundational layer of the next generation of the web. This focuses on security and privacy through decentralization and features a whole ecosystem of decentralized applications and decentralized exchanges.

This new layer of the internet means big changes for finance, as Web 3.0 facilitates global transactions through different payment networks without the requirement for the current level of centralization.

Which crypto will boom in 2023?

It’s impossible to tell for sure which projects will explode in 2023, however, there are a number of the most promising crypto projects, such as Metacade, which would be considered a smart crypto to invest in given the high potential and low token prices during the presale stage. 

Which cheap cryptocurrency is best to buy now?

A token’s price is a key factor in determining its overall value and whether to keep it in your crypto wallet, and while there are a number of strong projects that could be considered the best cheap cryptocurrency out there, Metacade and AltSignals are both strong candidates given the incredible utility they provide in growing sectors — especially as they are among the cheapest cryptocurrency projects right now.

What is the cheapest meme crypto?

Dogecoin is a meme coin that remains one of the best cheap crypto projects out there. It has proven time and again that it can produce big gains against all odds, and if the project continues to push itself as a viable choice for payments on its own payment network and create more utility, it could prove to be a big win for speculative crypto investors, even more so than many penny cryptocurrency projects.

You can participate in the Metacade presale here.

You can participate in the AltSignals presale here.

The post 12 of the Best Best Cheap Cryptos to Buy Now – Low Price, High Potential appeared first on CoinJournal.

Finding the overall best penny cryptocurrency to buy is always a tricky task, with many new projects entering the crypto world each and every day. Penny crypto projects are popular investment choices, though, as the low token prices often mean that they have a high potential for generating bug returns for investors.

Which penny cryptocurrencies are the best investments?

There are many qualities to look for when trying to identify the best penny cryptocurrency project to add to your portfolio, and in some ways, the experience is akin to finding strong penny stocks. The most important element of any high-quality penny crypto is the utility of the token, so reviewing the use cases and the role of the native token is critical. 

Here are the top ten best penny cryptocurrency projects based on the consensus of penny crypto experts, with each offering innovative use of blockchain technology and the chance to make big profits for early investors:

1. AltSignals (ASI)
2. Metacade (MCADE)
3. BitTorrent (BTT)
4. Dogecoin (DOGE)
5. Basic Attention Token (BAT)
6. Ripple (XRP)
7. Tron (TRX)
8. Shiba Inu (SHIB)
9. Cardano (ADA)
10. Cronus (CRO)

AltSignals – An incredible next-gen trading signals provider

What is AltSignals?

AltSignals is a project that is focused on providing top-quality trading signals to its users — including crypto traders and those in other markets too. The project is probably best known right now for its market-leading AltAlgo™ product, which has helped AltSignals deliver more than 1,500 trading signals with an incredible 64% success rate.

The AltSignals team continues to push the limits of what is possible to deliver a best-in-class experience for their users and is launching the ASI token as they look to build their next-generation trading signals platform — ActualizeAI.

ActualizeAI will be using the latest machine learning methodologies, including natural language processing (NLP) and reinforcement learning, in order to give users a huge edge over the competition. ASI is the key to securing early access to the ActualizeAI product, and it also enables holders to join the exclusive AI Members Club, giving opportunities to earn rewards and contribute to the development of the product.

What are the reasons to invest in AltSignals?

It’s practically unheard of for a presale project with a highly discounted token to have an existing user base, but AltSignals boasts 50,000 users already, with a 4.9/5 Trustpilot rating showing that the team is massively capable of delivering.

The team has made a number of savvy strategic decisions, including that a buyback and burn mechanism will be introduced if the community feels that it is beneficial. The huge amount of interest in the ASI presale seen across investment circles is no surprise, as the AltSignals project could be a rare opportunity to acquire a token destined for the big time.

>>> You can participate in the AltSignals presale here <<<

Metacade – Best penny crypto to buy for gaming

What is Metacade?

Metacade is a project in the GameFi space that is building a comprehensive gaming ecosystem using the project’s native token, MCADE. The heart of the Metacade gaming ecosystem is the world’s biggest play-to-earn gaming arcade, which will enable the project to cater to a huge amount of different gaming styles.

The project includes an extensive rewards system, which allows users to earn rewards not just for playing games but also for other activities which benefit the broader ecosystem, such as engaging with the community or writing game reviews. 

Also catching analysts’ attention is the Metagrants program, which allows developers to pitch their gaming ideas to the Metacade community. MCADE holders can then vote on funding these projects, helping guide the direction of the gaming ecosystem in the future. 

Why you should consider buying Metacade?

The Metacade penny crypto project has been considered one of the best penny crypto investment opportunities thanks to the huge utility that the MCADE token provides. As the user base of the ecosystem increases, the buying pressure on MCADE is likely to increase significantly, which could mean big rewards for those investors who are able to buy in early enough.

>>> You can participate in the Metacade final stage presale here <<<

BitTorrent – The best of the file-sharing penny cryptocurrencies 

What is BitTorrent?

The BitTorrent Crypto project is an initiative that aims to combine the power of blockchain technology with the world-renowned BitTorrent protocol. The project is developed by the Tron Foundation and leverages the decentralized nature of blockchain to try to create a more secure, private, and efficient platform for sharing and distributing digital content.

At its core, BitTorrent Crypto utilizes a penny cryptocurrency called BTT, which is designed to incentivize users to share their bandwidth and storage resources in exchange for rewards in the shape of crypto payments. This creates a powerful peer-to-peer network that enables users to share large files quickly and securely without relying on centralized servers, which is a compelling use case for a penny token.

With BitTorrent Crypto, users can enjoy faster downloads, more reliable file sharing, and greater privacy, all while earning rewards for their contributions. By leveraging the power of blockchain technology, BitTorrent Crypto represents a major step forward in the evolution of peer-to-peer file sharing, offering users a more secure and efficient platform for sharing and distributing digital content.

Why should you consider buying BitTorrent?

BitTorrent boasts a massive user base of over 100 million users, which gives BTT a significant advantage in terms of adoption and potential network effects. Penny crypto BTT has already been integrated into several popular torrent clients, too, such as uTorrent and BitTorrent, and this makes it easy for users to start earning and using the token.

Holders of BTT believe that the token has clear utility within the BitTorrent ecosystem, and if user volumes grow, this could create a self-sustaining network effect where the more users participate, the more valuable the penny cryptocurrency BTT becomes.

Dogecoin – Best penny cryptocurrency for a supportive community

What is Dogecoin?

Dogecoin is the very first meme coin that came into existence, with creator Billy Markus launching the project back in 2013 as a response to the seriousness of the Bitcoin community. Dogecoin has been on an incredible journey since then, having proved countless detractors wrong by remaining near the top of the crypto market cap charts for years.

Dogecoin is one of the digital assets for which the primary use case is as a replacement for fiat currency, and despite a slow uptake, Dogecoin has performed well in the crypto payments space. This also comes in spite of the project not supporting smart contracts, and this success is in part due to the incredible community that passionately supports new holders and users.

DOGE is a token that most investors who buy penny cryptocurrencies will have in their crypto wallet at some point, and given the growth of digital currencies across the world, this is one project that is likely to move out of the penny cryptocurrency investments category at some point, as it surpasses a dollar in the coming years.

Why should you consider buying Dogecoin?

Dogecoin is the perfect penny cryptocurrency for newcomers to the crypto space, as the huge community is well known for how supportive and welcoming it is. This means that as awareness of penny cryptocurrencies and the market as a whole grows, Dogecoin could be a project that sees huge growth and locks in big profits for holders.

Basic Attention Token – Using digital tokens to reward creators

What is the Basic Attention Token?

Basic Attention Token is a project that looks to reward creators for the content they produce and users for the ads that they can opt-in to seeing. To achieve this, the project uses the native token, BAT, as a medium of exchange for the digital payments required.

Basic Attention Token is often considered to have one of the strongest products of all penny cryptocurrencies with the Brave Browser. This competes with Google Chrome and Microsoft Edge and facilitates the distribution of BAT tokens from advertisers to users and from users to content creators over time.

Only the very best penny cryptocurrencies have a use case as strong as BAT, but there’s no doubt that while the project might be a phenomenal use of digital tokens, it is in a fiercely competitive market that will be difficult to compete in.

Why should you consider buying Basic Attention Token?

BAT tokens are an absolutely critical part of the way in which Basic Attention Token issues its crypto rewards to users, and so investors can expect that as the user numbers for the Brave browser increase, so too should the value of the BAT token as more will be required for the platform to function. 

With this in mind, BAT is a strong contender for the best penny crypto. The project will have a challenge ahead of it to wrestle market control away from the tech giants, but even a small slice of the huge browser market would be enough to make the price of BAT skyrocket.

Ripple – Best penny cryptocurrency for banking use cases

What is Ripple?

Ripple is a blockchain-based payment protocol and digital currency that aims to revolutionize the way people transfer money around the world. Founded in 2012, Ripple has quickly become one of the most widely-used blockchain platforms in the financial industry, despite problems with the SEC.

At the heart of the Ripple network is XRP, the native token used to facilitate transactions on the network. XRP tokens are designed to be a fast and efficient way to move money across borders, with transactions taking only a few seconds and fees that are significantly lower than traditional payment methods.

Ripple is set apart from many penny cryptocurrency projects through its enterprise use cases and its focus on working with TradFi institutions rather than against them. Ripple has partnerships with over 300 banks and financial institutions around the world, including Santander and American Express, which use its technology to facilitate cross-border payments.

Why should you consider buying Ripple?

Long considered one of the best penny cryptocurrencies, XRP could represent a major step forward in the evolution of blockchain technology, offering a fast, secure, and efficient way to transfer money around the world. The technology behind Ripple is widely regarded as a major innovation in the financial industry, with the potential to transform the way we send and receive money in the coming years, and if the project is able to overcome its SEC lawsuit this year, then XRP may not be a penny cryptocurrency for much longer.

Tron – Best penny crypto to buy for the entertainment industry

What is Tron?

Tron is a blockchain-based decentralized entertainment platform that aims to revolutionize the way internet users consume and share digital content. Launched in 2017 by Justin Sun, Tron has aimed to create a more efficient and decentralized entertainment industry where content creators and consumers can interact directly with each other instead of relying on big corporate middlemen.

At the heart of the Tron network is TRX, the crypto used to fuel the platform. TRX is often considered a popular penny cryptocurrency to invest in, as it has a lot of utility in its role to incentivize content creators and consumers to participate in the Tron ecosystem, as well as to facilitate transactions and other activities on the network.

The Tron platform offers a range of tools and services for content creators, including a content distribution platform, a crowdfunding platform, a social media platform, and others besides. It also offers a high-speed, low-cost blockchain network that can process up to 2,000 transactions per second, making it one of the fastest blockchain networks in the world — and this explains why Tron is often cited as a possible best penny crypto to buy.

Why should you consider buying Tron?

Many in the space see Tron and TRX as representing a major innovation in the entertainment industry, offering a decentralized and streamlined platform for content creators and consumers to interact with each other.

The project has many supporters who claim that TRX is the best crypto to buy given the number of developers working on the platform right now, but with a high market cap, it’s difficult to put TRX as the best penny cryptocurrency to invest in versus some of the earlier stage projects.

Shiba Inu – The top penny cryptocurrency for meme coins on Ethereum

What is Shiba Inu?

Shiba Inu is one of the many meme coins that followed in the footsteps of Dogecoin, and the project has also built a passionate community of followers in the same way that Dogecoin was able to do. Shiba Inu was only created in 2020 but spread like wildfire across social media platforms to become one stand-out project while continuing to be a crypto under a penny as a result of its high supply.

SHIB remaining as a crypto under a penny is a likely contributor to the project’s success, but it has also successfully pivoted to a decentralized finance platform to add utility to the token. A big part of the longevity of the project is the result of the ability of the team to have delivered on the strategic pivot, and this is a quality that investors looking to buy penny cryptocurrencies should consider to be very important for the quality of the investment.

Why should you consider buying Shiba Inu?

SHIB is likely to remain the most popular penny cryptocurrency to invest in for newbies alongside Dogecoin, and this gives it a huge advantage over more complex projects which require a lot more research and understanding.

SHIB also has an advantage over Doge as being on the Ethereum network allows it to make use of smart contracts, and it’s smart contracts that allowed it to pivot into DeFi. If it can continue to build on the success it has seen to date, holders might just see another big bump in price from the influx of users looking to buy penny crypto as blockchain becomes more mainstream over time.

Cardano – Best penny cryptocurrency to invest in layer-1 protocols

What is Cardano?

Cardano is a decentralized blockchain project that is considered by many analysts to be a top penny cryptocurrency to invest in. It was founded by Charles Hoskinson, one of the co-founders of Ethereum, and was created with the goal of addressing some of the major limitations of earlier blockchain technologies, such as scalability.

Cardano uses a unique proof-of-stake consensus algorithm known as Ouroboros, which is designed to be more energy-efficient than the proof-of-work algorithm used by Bitcoin and Ethereum, and this makes it a more sustainable blockchain option that is less resource-intensive, reducing its carbon footprint. This has helped drive a number of eco-friendly projects to Cardano, such as to help with carbon credit balances, and could be a reason that Cardano is featured on all major centralized exchanges.

Cardano boasts a multi-layer architecture, which separates the ledger of transactions from the computational layer that runs smart contracts. This allows for greater flexibility and scalability, as each layer can be updated independently without affecting the others, and has led some to suggest that it suits projects with a high level of computation, such as a metaverse gaming platform or similar projects.

Cardano also aims to promote interoperability between one blockchain platform and another, allowing for the seamless transfer of crypto assets and data between different networks. This is achieved through the use of sidechains, which are separate chains that can communicate with the main Cardano blockchain and help drive more efficiency.

Why should you consider buying Cardano?

Cardano has a strong focus on sustainability and is designed to be more energy-efficient and eco-friendly than many other blockchain projects. As environmental concerns become increasingly important in the world of finance, this could make Cardano an attractive option for investors who prioritize sustainability and puts ADA among the strongest best crypto penny stocks.

The project has a dedicated team of developers and a strong community of supporters who are actively working to improve the project and develop new applications for its technology; this means that from fan tokens investors to EV drivers, there is a diverse range of backers for ADA and means that Cardano has the potential to continue growing and evolving in the coming years.

Cardano’s multi-layer architecture and focus on interoperability make it a more versatile blockchain project than many others in the space, and that means it could see buying pressure through the potential to be used in a wide range of sectors and applications. As the blockchain industry continues to expand, this versatility could make Cardano a valuable asset for investors looking for a long-term investment, despite its relatively high market cap.

Cronos – Best penny crypto used by crypto exchanges

What is Cronos?

Most crypto exchanges use a so-called ‘exchange token’ to help provide liquidity on their platforms, and Cronos is the exchange token for the popular crypto exchange crypto.com. The exchange hosts all manner of cryptocurrencies, such as fan tokens, crypto games, projects selling virtual land, and more — and so CRO comes with a great deal of utility. It also allows the staking of tokens to earn crypto rewards, so there is a lot of appeal to holding the CRO token.

The crypto.com exchange has proved to be very popular, and while they are yet to release their own blockchain platform like Binance’s Binance Smart Chain project, they are taken very seriously in the crypto space.

Why should you consider buying Cronos?

CRO is often considered one of the top penny cryptocurrency projects due to the huge user base the exchange boasts. A token that rewards users for staking offers another dimension to the investment for holders, and as crypto.com offers a growing number of digital assets, it’s only natural that it sees the price of the token increase over time.

Are Penny Cryptos a Good Investment?

Penny cryptocurrencies can be a great investment, provided the projects offer real potential in the same way that other investments like penny stocks need to. The most promising penny cryptocurrencies for big gains are often in their early stages, but most important is the fundamentals of the project.

Conclusion – What is the best crypto to buy right now?

It’s clear that choosing the best penny cryptocurrency to invest in is tough, but AltSignals is clearly a level above most projects with the huge existing user base and rock-bottom token prices in the ASI presale.  

Related Crypto FAQs

Which penny cryptos will explode in 2023?

There are many contenders for best penny cryptocurrency, and with so many penny crypto projects out there, we can expect more than one to see huge growth in 2023. While SHIB is a strong candidate for the top crypto under a penny, AltSignals’ ASI presale looks to be top of the best penny cryptos for maximizing profits in 2023.

Which crypto has 1000x potential?

Many of the best penny cryptocurrencies consider themselves the best crypto project out there, but the absolute best penny cryptocurrency is likely to be a project like AltSignals that offers high potential alongside a very low overall market cap.

Is it worth buying penny cryptos?

Most investors look for penny crypto projects to supplement a balanced portfolio. Many penny crypto investors believe that they stand to make more money by investing in penny cryptocurrencies, but this also depends on the overall market cap of the projects. 

What is a penny crypto?

The term penny crypto doesn’t exclusively mean crypto under a penny, instead typically referring to crypto projects that have tokens available for under a dollar. As the token supply also impacts the total market cap of the projects, there are all sorts of penny cryptocurrencies out there — fan tokens, projects focusing on the EV charging payments industry, and even tokens for financial institutions to tokenize their assets to become digital assets — there are penny cryptocurrencies for almost every sector.

You can participate in the AltSignals presale here.

You can participate in the Metacade final stage presale here.

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