Top 6 Best Penny Cryptos You Should Consider Investing in for Possible 100×
Penny cryptos are cryptocurrencies that cost less than $11. They are often considered high-risk, high-reward investments, as they have the potential to skyrocket in price or plummet to zero. However, some penny cryptos have proven to be resilient and innovative, offering unique solutions and use cases in the crypto space.
In this blog post, we will introduce you to six of the best penny cryptos that you should consider investing in for possible 100× returns. These are:
- eCash (XEC)
- BitTorrent (BTTC)
- Holo (HOT)
- DigiByte (DGB)
- Amp (AMP)
- Metahero (HERO)
eCash (XEC)
eCash (XEC) is the rebranded version of Bitcoin Cash ABC (BCHA), which itself was a fork of Bitcoin (BTC) and Bitcoin Cash (BCH). It aims to be a cryptocurrency that is designed to be used as electronic cash, with fast, cheap, and scalable transactions.
eCash has reduced its decimal places from eight to two, making it easier to use and understand. For example, instead of sending 0.00001000 BTC, you would send 10 bits with eCash. eCash also integrates a proof-of-stake (PoS) consensus layer called Avalanche, which improves the security and finality of the network.
eCash has a total supply of 21 trillion XEC, of which 19.5 trillion are in circulation. The coin was converted from BCHA at a ratio of one to one million on July 1, 2021. As of writing, eCash has a market cap of $600 million and a price of $0.000031 USD.
BitTorrent (BTTC)
BitTorrent (BTTC) is the native token of the BitTorrent network, which is one of the largest and oldest peer-to-peer file-sharing platforms in the world. BitTorrent token was launched in 2019 by the BitTorrent Foundation after BitTorrent was acquired by TRON (TRX) founder Justin Sun in 2018.
BitTorrent token is used to power various features and applications on the BitTorrent network, such as BitTorrent Speed, which rewards users for seeding files; BitTorrent File System, which is a decentralized storage system; and BitTorrent Stream, which is a live streaming service.
BitTorrent token has a total supply of 990 billion BTTC, of which 660 billion are in circulation. The coin was initially distributed through a public sale on Binance Launchpad and an airdrop to TRON holders. As of writing, BitTorrent token has a market cap of $1.2 billion and a price of $0.0018 USD.
Holo (HOT)
Holo (HOT) is the native token of Holo, which is a distributed cloud hosting platform that enables anyone to run decentralized applications (dApps) without the need for specialized hardware or software. Holo is built on Holochain, which is a framework for creating peer-to-peer applications that are scalable, secure, and energy-efficient.
Holo token is used to pay for hosting services on the Holo network, as well as to participate in the governance and maintenance of the platform. Holo token is also convertible to HoloFuel, which is a mutual-credit cryptocurrency that is designed to be stable and efficient.
Holo token has a total supply of 177.6 billion HOT, of which 172.4 billion are in circulation. The coin was issued through an initial coin offering (ICO) in 2018, raising $20.6 million USD. As of writing, Holo token has a market cap of $1.3 billion and a price of $0.0076 USD.
DigiByte (DGB)
DigiByte (DGB) is one of the oldest and most established cryptocurrencies in the market, launched in 2014 by Jared Tate. It is a decentralized and secure network that offers fast and low-cost transactions, as well as advanced features such as smart contracts, digital identity, and cybersecurity.
DigiByte uses five different mining algorithms to secure its network and prevent centralization. It also has a flexible difficulty adjustment mechanism that adapts to changing network conditions every 15 seconds. DigiByte claims to be able to handle up to 560 transactions per second, with a target of reaching 280,000 transactions per second by 2035.
DigiByte has a total supply of 21 billion DGB, of which 14.7 billion are in circulation. The coin is generated through mining, with a halving of the block reward every four years. As of writing, DigiByte has a market cap of $1.1 billion and a price of $0.074 USD.
Amp (AMP)
Amp (AMP) is a collateral token that enables instant and verifiable transactions on any network. It is the native token of the Flexa network, which is a protocol that allows merchants to accept any form of digital payment, such as cryptocurrencies, stablecoins, or loyalty points.
Amp token is used to secure transactions on the Flexa network, as well as to reward validators who process and confirm payments. Amp tokens can also be staked to provide liquidity and earn rewards. Amp token is designed to be interoperable and compatible with any network or asset.
Amp token has a total supply of 92.5 billion AMP, of which 42.2 billion are in circulation. The coin was launched in September 2020 as a successor to Flexacoin (FXC), which was the original token of the Flexa network. Amp token was distributed through an exchange offering on Gemini and a token swap from FXC. As of writing, Amp token has a market cap of $2.4 billion and a price of $0.057 USD.
Metahero (HERO)
Metahero (HERO) is a new and innovative project that aims to create ultra-high-definition (UHD) 3D models of people and objects using cutting-edge technology. Metahero has partnered with Wolf Studio, which is a global leader in 3D scanning and modeling, to develop a mobile 3D scanning chamber that can capture 64K resolution images.
Metahero token is the utility token of the Metahero ecosystem, which will allow users to create, own and monetize their 3D avatars and NFTs. Metahero token will also be used to access exclusive features and benefits on the platform, such as discounts, rewards and governance rights.
Metahero token has a total supply of 10 billion HERO, of which 5.6 billion are in circulation. The coin was launched in July 2021 through an initial exchange offering (IEO) on PancakeSwap, raising $5 million USD. As of writing, Metahero token has a market cap of $1 billion and a price of $0.18 USD.
Conclusion
Penny cryptos are not for the faint-hearted, as they can be extremely volatile and risky. However, they can also offer tremendous opportunities for investors who are willing to do their research and take calculated risks. The six penny cryptos we have introduced in this blog post are some of the most promising and innovative ones in the market, but they are not the only ones.
Before investing in any penny crypto, make sure you understand its fundamentals, use cases, roadmap, and team. Also, diversify your portfolio and only invest what you can afford to lose. Remember, never invest based on hype or FOMO, but always do your own due diligence.
We hope you enjoyed this blog post and learned something new about penny cryptos. If you did, please share it with your friends and follow us for more crypto-related content.
Disclaimer: This blog post is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrencies are highly speculative and volatile, and you should always do your own research before investing in them.
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