Welcome to Bull is Coming Best Penny Cryptocurrency to Invest in 2021, you are intrigued to invest in Bitcoin or Ethereum but you’d consider it as an investment for the rich, or you willing to invest in an alternative coin other than Bitcoin/Ethereum. In this article, we provide the best penny cryptocurrency to buy now that has great potential that’s likely to do really well.
What are Crytocurrency?
Cryptocurrency is a decentralized digital currency that’s designed to work as a means of exchange, which can be used to digitally transfer money to another person without the need of a third-party/intermediary/central authority. As a decentralized currency, it also does away with an unnecessary and expensive fee on a transaction
What Are Penny Cryptocurrency
As the name implies, the best penny Cryptocurrency to invest in is a crypto coin that’s worth less than $10-$100, has great potential, use case, and a strong community backup.
Best Penny Cryptocurrency to invest in 2021
It was a fact that cryptocurrency that price is not up to $100 doesn’t mean it’s worth investing in, investors should confirm the credibility and potentiality of a certain coin before investing in it. Below are the current penny cryptocurrencies with good potential that are worth buying.
So without much ado let list the best penny cryptocurrency to invest in 2021 for massive gains.
1. MATIC
MATIC is a native token of the Polygon network. It is an ERC-20 token created in the year 2017. Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications.
Using Polygon, one can create optimistic rollup chains, ZK rollup chains, stand-alone chains, or any other kind of infra required by the developer.
Polygon effectively transforms Ethereum into a full-fledged multi-chain system (aka Internet of Blockchains). This multi-chain system is akin to other ones such as Polkadot, Cosmos, Avalanche, etc. with the advantages of Ethereum’s security, vibrant ecosystem, and openness.
Polygon (formerly Matic Network) is a Layer 2 scaling solution backed by Binance and Coinbase. The project seeks to stimulate mass adoption of cryptocurrencies by resolving the problems of scalability on many blockchains.
Multiple blockchain projects have shown interest in polygon and are constantly integrating it hence, its collaboration with ocean protocol within which users can now publish swap stake and consume data assets on the protocol With this development, not only can the ocean be used on Polygon but also data marketplace builders and other dapp (decentralized finance) developers can use the ocean.
Polygon also announced its integration with the bounty block platform thus, developers or NFT artists migrating to polygon layer 2 can take advantage of both the network low-cost scaling solution and bounty blocks tool.
Through this partnership, bounty block will provide its gamification portal to application building on Polygon to incorporate gamification mechanics within their applications
MATIC (the native token of the Polygon network) also indicates an optimistic outlook as the demand is much more than supply, it is ranked as number 13 among all cryptocurrencies with a market cap of $7,135,455,673 and its current price at the time of writing this article is $1.13.
2. 1inch
1inch is a decentralized exchange(DEX) aggregator, connecting several DEXes into one platform to permit its users to seek out the foremost swapping routes across all platforms. For a user to seek out the best price for a swap, they need to look at every exchange — DEX aggregators eliminate the necessity for manually checking, bringing efficiency to swapping on DEXs.
DEX aggregators work by sourcing liquidity from completely different DExs, which means that they’re able to provide users better token swap rates than they may realize on any single DEX, in the shortest time possible.
1inch additionally launched Mooniswap, its own automatic market maker (AMM), and also has launched its 1INCH governance token, and also the 1inch Network began to be ruled by a localized autonomous organization (DAO).
1inch price also indicates an optimistic outlook as it aims to retake its all-time high (ATH) while the price is $2.80.
3. CAKE
CAKE is a native token of Pancakeswap in September 2020 by anonymous developers with an apparent passion for pancakes
PancakeSwap is an automated market maker (AMM) — decentralized finance (Defi) application that allows users to exchange tokens, providing liquidity via farming and earning fees in return.
It launched in September 2020 and is a decentralized exchange for swapping BEP20 tokens on Binance Smart Chain. PancakeSwap uses an automated market maker model where users trade against a liquidity pool. These pools are filled by users who deposit their funds into the pool and receive liquidity provider (LP) tokens in return.
These tokens can later be used to reclaim their share of the pool and a portion of the trading fees. These LP tokens are known as FLIP. PancakeSwap also allows users to farm additional tokens such as CAKE and SYRUP. On the farm, users can deposit LP tokens and get rewarded with CAKE.
PancakeSwap allows users to trade BEP20 tokens, provide liquidity to the exchange and earn fees, stake LP tokens to earn CAKE, stake CAKE to earn more CAKE, and stake CAKE to earn tokens of other projects.
4. ADA
ADA is an ERC-20 token, a native token of the Cardano blockchain. Cardano being a proof-of-stake blockchain platform that says its goal is to allow “changemakers, innovators and visionaries” to bring about positive global change.
The open-source project also aims to “redistribute power from unaccountable structures to the margins to individuals” — helping to create a more secure, transparent, and fair society.
Cardano was founded back in 2017, and the ADA token is designed to ensure that owners can participate in the operation of the network. Because of this, those who hold the cryptocurrency have the right to vote on any proposed changes to the software.
The team behind the layered blockchain says that there have already been some compelling use cases for its technology, which aims to allow decentralized apps and smart contracts to be developed with modularity.
Cardano is used by agricultural companies to track fresh produce from field to fork, while other products built on the platform allow educational credentials to be stored in a tamper-proof way, and retailers to clamp down on counterfeit goods.
Cardano is one of the biggest blockchains to successfully use a proof-of-stake consensus mechanism, which is less energy-intensive than the proof-of-work algorithm relied upon by Bitcoin. Although the much larger Ethereum is going to be upgrading to PoS, this transition is only going to take place gradually.
5. THETA
Theta (THETA) is a blockchain-powered network purpose-built for video streaming. Launched in March 2019, the Theta mainnet operates as a decentralized network in which users share bandwidth and computing resources on a peer-to-peer (P2P) basis. The project is advised by Steve Chen, co-founder of YouTube, and Justin Kan, co-founder of Twitch.
Theta features its own native cryptocurrency token, THETA, which performs various governance tasks within the network, and counts Google, Binance, Blockchain ventures, Gumi, Sony Europe, and Samsung as Enterprise validators, along with a Guardian network of thousands of community-run guardian nodes.
Developers say that the project aims to shake up the video streaming industry in its current form — centralization, poor infrastructure, and high costs mean that end users often end up with a poor experience. Content creators likewise earn less revenue due to the barriers between them and end-users.
Users have an incentive to both watch network content and share network resources, as rewards come in the form of TFUEL tokens. The platform is open source, and token holders receive governance powers as with many proof-of-stake (PoS)-based blockchain ecosystems.
6. SHIBA
Another Best penny cryptocurrency to invest in 2021 is Shiba Inu. Shiba Inu coin was created anonymously in August 2020 under the pseudonym “Ryoshi.” The meme coin quickly gained speed and value as a community of investors was drawn in by the cute charm of the coin paired with headlines and Tweets from personalities like Elon Musk and Vitalik Buterin.
Shiba Inu aimed to be the Ethereum-based counterpart to Dogecoin’s Crypt-based mining algorithm. Shiba Inu and the SHIB token are part of a swarm of dog-themed cryptocurrencies, including Baby Dogecoin (BabyDoge), Dogecoin (DOGE), JINDO INU (JIND), Alaska Inu (LAS), and Alaskan Malamute Token (LASM). These lesser-valued tokens have attracted investors who missed the Dogecoin pump from 0.0002 to nearly 0.75 USD.
Once upon a time, there was a very special dog. That dog was a Shiba Inu, and this dog-inspired millions of people around the world to invest money into tokens with the dog’s image on them.
According to the SHIBA INU website, SHIB is the “DOGECOIN KILLER” and will be listed on their own ShibaSwap, a decentralized exchange.
Shiba was also recently announced as an acceptable coin on shopping.io within which it can be used to buy anything on shopping.io and purchase on Amazon, eBay, and Walmart
7. ZIL
ZIL is among the Best penny cryptocurrency to invest in 2021. Zill is the native utility token of the Zilliqa blockchain, a public, permissionless blockchain that is designed to offer high throughput with the ability to complete thousands of transactions per second.
It seeks to solve the issue of blockchain scalability and speed by employing sharding as a second-layer scaling solution. The platform is home to many decentralized applications, and as of October 2020, it also allows for staking and yield farming.
Development work officially started on Zilliqa in June 2017, and its testnet went live in March 2018. A little over a year later, in June 2019, the platform launched its mainnet.
ZIL being its native utility token is used to process transactions on the network and execute smart contracts
Final Verdict
This article (Best Penny Cryptocurrency to Invest in 2021) is solely for information purpose and should not be regarded as investment advice, cryptocurrencies currencies are very volatile and investing in it come with high risk.
If there are other tokens or coins you feel fit into the Best Penny Cryptocurrency to Invest in 2021 share with us in the comment section.