In this week’s Wealth Mastery Coin Review, we’re looking at the “Best Crypto Under a Penny.” Everyone wants to know where to find promising altcoins under one cent, so we’ve put together a list of the three best projects under a penny that could explode in 2023.
We’ll break this article into 3 sections:
- The Truth About Buying Crypto Under a Penny
- What is the Best Cryptocurrency Under a Penny?
- Siacoin $SC
- Nexa $NEXA
- Shiba Inu $SHIB
- What is the Worst Cryptocurrency Under a Penny?
- eCash $XEC
- Terra Luna Classic $LUNC $LUNA
- Holo $HOT
1. The Truth About Buying Crypto Under a Penny
This is a friendly reminder for anyone buying crypto under a penny. When you explore buying crypto for less than one cent, you open yourself up to a different world. These altcoins are incredibly volatile and come with increased risk. If crypto under a penny isn’t your thing, check out the latest Altcoin Gems Guide for Arbitrum.
All projects priced below one cent are due to their massive token supplies. One cool thing about this is that you can quickly call yourself a Millionaire for less than twenty dollars. So go ahead and check that off your bucket list for fun if you haven’t already.
Jokes aside, it’s essential to understand when you invest in crypto under a penny, you should expect large price swings. While most altcoins can go ten to twenty percent in either direction on any given day, these altcoins can lose more than fifty percent of their value in the same timeframe. To help mitigate this risk, try to deploy a Dollar Cost Average strategy.
2. What is the Best Cryptocurrency Under a Penny?
Our top 3 list consists of a decentralized cloud storage solution, a brand new smart contract platform and a dog coin!
Siacoin
- Ticker: SC
- Price: $0.004
- Token Supply: 177 Billion (No Cap)
- Market Cap: $225 Million
- Type: Decentralized Data Storage
- Launched: Q2 2015
Siacoin is the first and largest decentralized cloud storage solution on the blockchain. Siacoin lets you rent unused space on your computer to the Siacoin network. By participating in Siacoin’s Proof of Work consensus, you can help secure the network and receive Siacoins as a reward. Siacoin is its own network and doesn’t rely on other blockchains. Siacoin is a truly decentralized network that launched without any pre-mined coins, meaning there’s been no seed rounds or VC funds running the show. Because of this, Siacoin was the first project I mined using a GPU.
The Siacoin community welcomes anyone who shares in the vision of a decentralized future. Siacoin software is easy-to-use and has been downloaded over a million times since 2015. Siacoin is a long-lasting project on this list because of its resilience and market availability. No other decentralized storage solution has more users and only one has more market share. Siacoin is the oldest altcoin on this list and a quality project for crypto under a penny.
Nexa
- Ticker: NEXA
- Price: $0.00003
- Token Supply: 21 Trillion
- Market Cap: $65 Million
- Type: Layer-1 Blockchain
- Launched: Q1 2023
Nexa is a brand spanking new smart contract network built to handle over 10 billion transactions per day. Like most smart contract networks, you can issue tokens and do everything your DeFi heart desires, except with Nexa, token…
Jesse is a passionate seeker of truth who enjoys educating others about Bitcoin.
As a free thinker and 2nd amendment advocate, Jesse believes each individual has the right to monetary freedom.
“The swarm is headed towards us” -Satoshi Nakamoto
