The best 2020 cryptocurrency cents can be a lucrative way to grow your crypto portfolio. Although investing in cryptocurrencies may scare many traders, if you do your own research, they can provide you with incredible potential.
Our TSG team believes there are still some secret gems out there in the countless coin lists. There are more than 1600 coins on the market and growing. From this huge list, we will choose for you the top penny cryptocity to invest.
Remember, at one point even Bitcoin was a penny coin!
A cheap coin does not necessarily mean that the cryptocurrency is undervalued or unreliable. This thinking shows a fundamental misunderstanding of supply and demand and the market cap. Lots of new ICOs and very innovative developer teams. They create coins with artificially low prices so that new investors will be interested in their cryptocurrency.
It is a common psychology that people would rather own 1,000 cheap coins than 0.10 Bitcoin. Bitcoins are expensive, so most of the time you can’t get your hands on several bitcoins at once unless you are a millionaire. However, you can buy 1,000 Ripple XRP for only $400 which is much better than 0.050 BTC.
Moving forward, we will dive into the things you need to look for so you can find the best cryptocurrency to invest in, but first, let’s start with what is called cryptocurrency cent?
What are Penny Cryptocurrencies
A penny cryptocurrency is any coin worth less than $1.00. In a sense, they can be considered similar to how penny stocks are related to classic stocks. A similar relationship exists between penny coins and normal cryptocurrencies.
To a certain extent, penny coins are more volatile and if you choose the wrong one, it is definitely a risky investment. However, they also have great potential to generate returns of 100x, 500x or even 1000x more.
A few penny coins have produced incredible returns. For example, Etherum returned in 2017 almost 10,000%. But this performance is also better than the 1,582,000% gain achieved by Verge XVG.
Before thinking of generating returns like this, we need to learn a good place where to buy cryptocurrency cents
Where to Buy Penny Cryptocurrency
Unfortunately, buying penny cryptocurrency is a two-step process. You cannot buy coins under $1 directly with fiat money. For this purpose, you need to buy either Bitcoin or Ethereum with fiat money. Most altcoins are traded against Bitcoin or Ethereum, so you need to have BTC or ETH to buy cent cryptocurrency.
The number one exchange that allows you to buy crypto with fiat money is Coinbase. So here is the first step. Second, after you buy your Bitcoin, you simply transfer your BTC to an altcoin exchange like Binance until you can buy your crypto cents.
#1 Binance This is the most trusted and recommended place to buy and sell 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 with them in less than 5 minutes here.
Get $10 Free with Coinbase: Open a coinbase account using the link below and they will give you $10
#2 Coinbase This is the most popular. Either Binance or Coinbase are great options if you want to buy and sell cryptos. You can sign up here if you want!
Now let’s see what cryptocyte currency to invest in and which has the potential to generate inhuman returns.
Penny Cryptocurrencies to Invest In
We are always looking for coins under $1 or cryptocurrencies to invest in and potentially explode and double, triple our money. This is our crypto portfolio portfolio.
We need to focus on the importance of a cryptocurrency that is valued below $1. Not all coins are created equal, so in some cases, it is better to buy a small part of Bitcoin than 1,000 altcoins that have no future and only a few scam coins built above the hype.
Having said that, our team at TSG will give you three of the best cryptocurrencies to invest in that have growth potential. We encourage everyone interested in investing in the cryptocurrency space to do their own research on all coins because you don’t want to HODL ship coins.
Penny Cryptocurrency #1: IOTA
The first choice for coins worth less than $1 is IOTA. IOTA has the potential to change the way we do payments. There is a big difference in the IOTA block to almost every other cryptocurrency out there.
IOTA promises free transactions. Therefore, if you are involved in the IOTA network and want to send a payment, you need to use your device to confirm two payments and that way just joining the network is enough to get access to it.
The no-fee feature enables all kinds of microtransactions which will make IOTA a good bag to HODL in your crypto portfolio.
If you are looking for a practical way to trade IOTA, please check our trading strategy: IOTA Cryptocurrency Strategy – Double Busted Top Pattern .
Penny Cryptocurrency #2: Ripple XRP
Our second credit chip is Ripple XRP. This cryptocurrency which is currently trading at $0.35 has tremendous growth potential.
Ripple promises to help banks and financial institutions on how to handle transactions and payments. If you have ever been to a bank and realized how much money it takes to do a simple wire transfer, you will realize that they are stealing money from you.
Everything is slow and everything is really expensive. Ripple can work with banks or it can work without them, but it will enable fast real-time transactions. This also happens at a fraction of the cost.
If you are looking for a practical way to actively trade Ripple, please check our trading strategy: Best Ripple Trading Strategy that can make you Millions
Penny Cryptocurrency #3: SiaCoin
Our third critical deposit under $1 is SiaCoin which allows users to rent unused hard drive space and make money. One thing that makes blockchain technology so attractive is that it has a variable pricing model.
Therefore, as more users add storage, the price will go down and if storage becomes scarce, the price of storage will go up.
This technology has huge potential to disrupt Amazon AWS, Dropbox and Google Drive. For that reason and the fact that it is trading below 1 percent – at the time of writing this article – we think it has tremendous growth potential and it could really disrupt the cloud storage industry.
If you are looking for a practical way to trade Siacoin, please check our trading strategy: Sieroin Cryptocurrency Free Strategy – ADX Gapper Setup .
Conclusion – Best Penny Cryptocurrency 2020
Blockchain technology has the potential to change the way people handle money, especially in the next 10 to 20 years. When you invest in cryptocurrencies, the most important thing to do is research.
The most important thing is that penny cryptocurrencies are a great alternative investment option for those who don’t have a lot of cash. Our best penny cryptocurrency 2020 guide only highlights three projects that we believe have higher potential returns than the risks involved.
We think these three coins are the best cryptocurrencies to invest in because they have a strong potential to explode on the upside throughout 2020. Remember that at one point, Bitcoin was a penny cryptocurrency.
Thank you for reading!
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