You can make money with the penny cryptocurrencies under $1 in value.
If you are looking for best affordable and cheap cryptocurrency to invest in, then you’ve come to the right place at the right time.
Cryptocurrency is now the latest way of making money for lots of people, and Bitcoin (BTC) has been the very first cryptocurrency to come out, thus making it top-rated coin in the crypto market.
But there’re other alternate cryptocurrencies (Altcoins) under $1 that has good potentials for the long run.
These cheap altcoin cryptos are mostly affordable to the extent, some of them actually cost under $1 in financial value. They are more like penny stocks in the cryptocurrency world.
Pegged enough, these kinds of crypto coins are called penny cryptocurrencies.
About 3,000+ cryptocurrencies are available, aside bitcoins to invest in, but you need to do lots of good research to find those ones that are good gems.
Not all of them are created equal, but can still make you a good ROI (Returns On Investment) in the long haul.
Recently, the cryptocurrency market have taken changes, especially bitcoin, as well as new crypto-coins that emerged.
One evident is movement of coin market capitalization from 130 billion to 250 billion USD in the past months, and new users have even entered the market, hence the competition is going to be tough though.
Let’s dive into list of cheap cryptocurrency stock to buy right now.
Are you ready…
10 best cryptocurrency to buy in?
If you don’t know yet, there’s a perfect bull run that is coming in some months ahead of now, so you may need to invest in any of the cheap cryptocurrency stock (listed below) to make passive crypto income in future.
So let me show you a list of best cheap cryptocurrencies under $1 you can invest your hard earned money below…
1. Pundi X (NPXS)
Pundi X is a transaction system that is already accepted by small and medium merchants.
It allows transactions in an easy tap-to-pay system using cryptocurrency. The major feature is buyer and seller using their existing cryptocurrency for transactions.
You can buy cryptocurrencies such as Bitcoin, Ethereum, including ERC20 tokens, etc.
The NPXS application allows users to top up their cards with the existing crypto-coin, or fiat currency. It helps users to sell blockchain related services in the physical market.
I consider Pundi X tokens as among the best cheap altcoin cryptocurrency to invest in, because it has a great future with the growth of about 150% merely within a week.
2. QuantStamp (QSP)
QuantStamp is known as the first scalable security-audit protocol made to trace the security loopholes in Ethereum smart contracts. It offers monthly Airdrop of several new coins to long term investors.
It sounds wonderful for investors to get ample profit by investing in QuantStamp. The QuantStamp has touched its lowest price.
It happens due to the Ethereum scalability issue that brings it to value down. Hence it is considered as the best cryptocurrency under $1 and a good chance to get benefits for investors.
3. IOTA (MIOTA)
Blockchain has been a driving force for IOTA. The IOTA Foundation, a German non-profit oversaw the IOTA virtual currency and launched its Data Marketplace for a two-month demo in 2018.
IOTA’s Data Marketplace is a setup that allows companies to sell data in order to incentives data sharing.
Furthermore, this marketplace is block-less as all the transactions on the network can be made for free thereby resolving one of the biggest constraints of transaction fees in blockchain technology.
Today, it stands among the cheap cryptocurrency stock under $1.
4. Ardor (ARDR)
Ardor runs on the Blockchain as a Service (BAAS) business model, and that’s the key reason that many companies want to invest in it.
However, blockchain being a complex technology, the barrier to entry for most businesses is simply unbreakable. And Ardor aims to provide businesses with the ability to implement blockchain into their operations.
An Altcoin to keep an eye on as you never know it could potentially service millions upon millions of businesses.
On this Valentines Day, this cheap cryptocurrency 2019 ran a special promotion for its fans wherein crypto enthusiasts got an opportunity to gift their loved ones a new Ardor Account filled with some funds.
5. Nem (XEM)
The New Economy Movement (NEM) is a Smart Asset System that allows companies to develop their business platform. It basically provides the system using which others can build decentralized applications (DApps).
It is like Apple’s app store – a technology on which others can build upon, and a coin that could offer good returns in your crypto portfolio.
This peer-to-peer platform provides the ‘Messages’ feature included in a transaction that can be used for secure communication and multi-signature transactions that protect users from hackers and secure the community-held funds.
6. Ravencoin (RVN)
Ravencoin has been inspired by Game of Thrones, especially the mythical world of Westeros.
As ravens used to send statements of truth from one party to another, in a similar way, Ravencoin (RVN) is designed to carry a “statement of truth” to who owns what asset.
A coin that has the extremely high potential for success, that’s why the CEO of Overstock has invested millions of dollars into it. Even TokenizEU has chosen Ravencoin platform for its all-new potential assets.
7. Stellar Lumens (XLM)
Though Stellar Lumens (XLM) falls under 1 dollar it is not a small-cap cryptocurrency, but it is a decent choice if you are looking for cheap cryptocurrency to invest in this year.
As one of the largest market caps of all cryptocurrencies in circulation, this cheap crypto still has a huge potential for growth.
This lending cryptocurrency works on speeding the payment and lowering the costs of cross-border transactions. Serving a multi-trillion dollar a year market, it is among the ‘leading’ cheap cryptocurrency to invest in.
XLM is currently the ninth largest coin in the crypto space in terms of market cap. As of February 14, 2019, its total market cap stands at US$ 1.47 billion.
8. Cardano (ADA)
Another coin with a high market cap and a ton of room to grow – and credit goes to its smart contract platform. It also offers a system for other companies to build financial applications with a key focus on security.
Its development team is making consistent efforts to upgrade its Daedalus Wallet in order to make it highly functional for every type of transactions.
It is a cryptocurrency under US$ 1 that has tasted success and is worth digging deeper into.
Cardano has been continuously investing in partnerships with different governments across the world to sustain in the blockchain industry.
9. BitTorrent (BTT)
BitTorrent is one of the oldest and popular cryptocurrencies.
It is circulated in more than 138 countries and has captured 22% of total upstream traffic from the crypto world. More than 100 million users trade in bit torrent every day.
Bit torrent (BTT) enables content developers to connect with their audience and allow them to earn and spend digital currency without the involvement of third party person.
A new venture between Bit torrent (BTT) and TRON (TRX) will prove profitable for investors and traders.
According to resources Bit Torrent tokens will be distributed among TRX holders in the proportion of 0.11 BTT = 1 TRX, which makes it one of the cheap cryptocurrency.
10. Ontology (ONT)
A Chinese company Onchain launched Ontology in 2017. Ontology (ONT) is a new player in the world of crypto having their public blockchain project and set of rules, smart contracts, and DLTs.
The Ontology blockchain system supports many other public blockchain systems to optimize them for several applications using their existing modules.
The Ontology (ONT) module is used to verify identity and provide authentication for users, assets, and objects. Crypto-coins fluctuate and face many challenges.
Ontology current price is $0.6427 and consider the cheap cryptocurrency 2019, but its makers say that it will touch the benchmark in 2019.
How to Select The Best Penny Cryptocurrencies
While you are looking for the best penny cryptocurrencies to invest, here’s a list of criteria you should take into account:
- The cryptocurrency supply should be above 10 million coins and at least 25% of the whole supply limit should have been mined already
- Two very important metrics: market capitalization and liquidity. The former should be over $20 million, the latter should bring over $1 million in daily trading volume
- The penny crypto should be listed on popular cryptocurrency exchanges
- Check the coin’s metrics on popular crypto sites like CoinMarketCap. For example, the percentage gain should be higher than 50% for the past seven days
- The penny crypto should be present on social media and report on its development with transparency.
Frequently Asked Questions
Investing in cryptocurrency is not affected by region, so you can make use of any strategy to be sure that you are doing the right thing at the right time.
Where can you buy cryptocurrencies?
You can buy cryptocurrencies through exchanges, trading platforms, individuals, or even through an ICO (Initial Coin Offering).
But my best exchange platform for buying these penny cryptos and some other stable Altcoin is Binance cryptocurrency exchange site, as they have huge number of alternate cryptos.
Can you still make money with Cryptocurrency?
Not many traders know that you can actually earn dividends from some cryptocurrencies as well.
There are some coins like NEO coin or VeChain cryptocurrency that pay dividends anywhere, between 5% to 10% per annum for just having a stake of them in your wallet.
Is it safe to invest in cryptocurrency?
To be straightforward, there is no such thing as safety when it comes to making money.
There are certainly some investments that are safer than others, but for the most part, any investment has its own kind of risks attached to it, so you need a good strategy to avoid loosing out anytime.
How do you store cryptocurrencies?
You store cryptocurrency using a cryptocurrency wallet, and personally, I bought a Ledger Nano hardware wallet to secure all my coins.
Ledger wallets are the best for safe-keeping your crypto investment for a long time, but there’re other hardware wallets like Trezor that is available also.
However, you can use one of the best mobile crypto software application – Trust Wallet – to safe guard your cryptocurrencies if don’t have money to buy the most secured hardware wallets.
This is a Binance DEX wallet which you can also use to store ERC20 tokens.
Conclusion: Cheap cryptocurrency stock
Cryptocurrencies allow investors to earn or make money within a short period of time. As there are thousands of digital coins in crypto market, it’s not anyhow easy to figure out which one of them to invest in.
Before deciding on what cheap cryptocurrency stock to invest in this year, it’s always better to do your research based on coin market capitalization of each penny crypto you choose.
Keep your eyes on those ones listed above as they are likely to skyrocket in the nearest future.
Don’t forget to use well secured cryptocurrency wallet to store all your penny cryptos if you’re going to be keeping them for long time for crypto income profit making.