Best Cryptocurrency Under a Penny – 8 Cheap Altcoins Worth Buying

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Cryptocurrencies under a penny… Sounds odd, doesn't it? You'd think that with all the craze, every coin would have skyrocketed to the moon by now. While it is true that crypto is exploding, it doesn't mean that good crypto projects can't be valued at less than a penny. And just before you think that sub-penny cheap altcoins are worth junk, just remember that at one point Bitcoin had a rock-bottom price of $0.0008. So let's jump in and determine what is the best cryptocurrency under a penny?

Since most of the mainstream cryptocurrencies have exploded in value, practically everyone is trying to find the next best cryptocurrency under a penny that will be the next Bitcoin or Ethereum. While these diamonds in the rough exist, the list keeps getting smaller and smaller as the crypto space matures. That said, we've created a list of what we think are the eight best cryptocurrencies under a penny today.

Best Cryptocurrency Under a Penny Comparison

NameInfoBuy
Shiba INU (SHIB)

Rating: 5

Market Cap: 
3.08B
Circulating Supply: 394T
Max Supply: No data

BitTorrent (BTT)

Rating: 5

Market Cap: 
2.35B
Circulating Supply: 659B
Max Supply: No data

Holo (HOT)

Rating: 5

Market Cap: 
1.40B
Circulating Supply: 172B
Max Supply: No data

Siacoin (SC)

Rating: 5

Market Cap: 
748M
Circulating Supply: 47B
Max Supply: No data

Nervos Network (CKB)

Rating: 5

Market Cap: 
373M
Circulating Supply: 26B
Max Supply: No data

Dent (DENT)

Rating: 5

Market Cap: 
337M
Circulating Supply: 98B
Max Supply: No data

VeThor Token (VTHO)

Rating: 5

Market Cap: 
303M
Circulating Supply: 35B
Max Supply: No data

Electroneum (ETN)

Rating: 5

Market Cap: 
171M
Circulating Supply: 17B
Max Supply: 21B

What Should You Be Looking Out For?

Cryptocurrencies are used to represent all sorts of different things. Sometimes, they have a real-world utility that could bring tangible value to their token holders. For instance, there are tokens that could be used as a store of value or a medium for payments and transactions. Cryptocurrencies can even power a huge network of dApps and smart contracts, cloud servers and exchanges, automation, scaling solutions, the internet of things, and a whole lot more.

On the other hand, some cryptocurrencies are merely and unashamedly designed to be a prank or “meme-coin”, built for nothing other than just the fun of it and with no hopes of actually trying to be useful. You can think of those as the GameStop of cryptos. Can you make money? Sure. But keep in mind that investing in these coins is the equivalent of going to the casino and putting your money on red. It's a huge gamble. Either way, whether you're searching for the best cryptocurrency under a penny based on their utility as an asset or as the butt of a joke, they can be highly lucrative.

That said, here are some of the most promising coins for being the best cryptocurrency under a penny (or at least, maybe a few pennies, just to give you a few more options)…

1. SHIBA INU (SHIB)

best cryptocurrency under a penny
 

Okay, let's be honest, SHIB was originally conceived as a meme token. It was made purely to rival Dogecoin, which in itself is the most popular meme crypto of all-time, and one that continues to be popularised by Elon Musk. But despite that, the once practically unknown SHIB “Dogecoin Killer” rose from nothingness to the 25th-most valuable crypto in the world, with a sub-penny price of just $0.000020 per SHIB.

This is all done in the span of just a few months, mind you. With Mr. Musk's ability to prop up Dogecoin, we could expect SHIB tokens to keep rising with the momentum behind “meme coins”. Despite the fact SHIB originally started out as a joke, the community behind the project is very real with over 300,000 holders and growing. The project has plans to integrate NFT artwork, decentralized finance, and much, much more into their platform.

 

2. BitTorrent (BTT)

 

BitTorrent is the world's largest peer-to-peer file sharing and distribution network, with over 2-billion users around the world, and god knows how many zillions of bytes have been downloaded and shared across its decentralized network of servers. It's no wonder why its BTT coin has become the 47th-biggest token by market cap, at a price of $0.006132 as of today.

And unlike our previous contender for the title of the best cryptocurrency under a penny, BTT tokens have actual utility. BTT tokens are the backbone of the BitTorrent ecosystem. By holding BTT, users get access to extra features such as BitTorrent Speed, which allows users to spend BTT tokens to get faster download speeds, or BitTorrent File System, where users can earn BTT by sharing their hard drive.

 

3. Holo (HOT)

 

Holo is a decentralized peer-to-peer network where decentralized applications (dApps) are distributed and hosted. Holo was originally created as a bridge to connect two very distinct digital-native components together, which are otherwise incompatible – blockchain and the traditional web. On one hand, we have Holochain, which is a fully-fledged blockchain where developers can create powerful dApps. On the other, we have the regular web and application-based interface that we're used to today. Holo isn't actually a blockchain, but a distributed platform with which users on Holo's network can host blockchain-based content on the regular internet, where it is then accessible by regular people. Valued at $0.01211 per HOT (as of today's date), Holo's native currencies have skyrocketed to become the 69th-richest crypto in the world.

 

4. Siacoin (SC)

 

Circling back to BTT in our search for the best cryptocurrency under a penny, we now have Siacoin's SC token. Siacoin is trying to solve the limitations and challenges around data storage. Siacoin is utilizing blockchain technology to decentralize and democratize cloud-based storage.

Instead of using centralized and expensive servers like Dropbox, Siacoin will tap into the excess storage capacity on the hard drives of millions of people around the world. So anyone with additional storage on their devices can join the Siacoin network and monetize their excess storage capacity and borrows can store their data at a fraction of the cost of centralized protocols. As of writing this the cost of one Siacoin (SC) is just $0.032699.

 

5. Nervos Network (CKB)

 

One of the biggest problems with blockchains today is that most of them are siloed within their own ecosystems, unable to easily interact with other blockchains. Imagine just how powerful it would be if all blockchains could communicate with one another the same way that any website or app on the internet can communicate with each other. That is what Nervos Network is trying to achieve – the interoperability of dApps and smart contracts.

Interoperability is going to be a huge theme moving forward and Nervos is supercharging that with their open-source blockchain that will allow users to access any asset from any blockchain, as well as providing clogged-up networks with easy Layer 2 scaling solutions. Especially when we look at Nervos' flirtations with DeFi, we're very interested to see if their network token (CKB) will surge above $0.025793.

 

6. Dent (DENT)

 

There are billions of SIM cards around the world, each transmitting an incalculable amount of data from internet roaming, SMS messages, and phone calls. If you already thought this was a big and complex enough industry, just wait until we bring blockchain into the mix. Dent is trying to tokenize mobile data across international borders.

As of today's date, Dent already has more than 220 telecommunications companies working with them worldwide. Not to mention they also have over 26-million users on their network. As a digital mobile operator, they've created a blockchain-powered marketplace where users can buy data packages and mobile plans, as well as eSIMs with their native DENT tokens, which can be bought for just $0.007095.

 

7. VeThor Token (VTHO)

 

Blockchain appears to be the perfect technology addition to any business that wants to adapt to the new digital age. For those businesses who want to adopt it, VeChain Thor could be what they are looking for. VeChain Thor is a global enterprise blockchain that empowers traditional businesses to create decentralized economies.

The cost of running a large IT infrastructure is very expensive. When you combine that with the complexity of managing it across a huge corporate network, it becomes even more challenging. Imagine IoT-connected sensors and devices being able to talk to one another, tracking supply chains for goods while monitoring their condition, and solving last-minute delivery issues. That's quite a large task for any business and is the problem that the VTHO token aims to achieve with its sub-penny price of $0.014327 (as of writing this).

 

8. Electroneum (ETN)

 

In concluding this list of the best cryptocurrency under a penny, we must admit that cryptocurrencies are often pretty bad at what they initially set out to do – be a better method of payment than traditional currency. Most blockchains are too slow or expensive to fulfill this particular use case. But that's exactly what Electroneum hopes to solve.

Electroneum is lowering the barrier to adoption to traditional finance by enabling millions of unbanked peoples to have access to modern banking for the first time. Available in over 190 countries, Electroneum allows you to send ETN across the globe at practically no cost and almost instantly. From paying bills, to sending money to your family, or splitting the dinner bill with a group of friends, the current ETN price of $0.01715 could be a steal if they can execute on their future plans..

 

Best Cryptocurrency Under A Penny – Conclusion

So there you have it! Eight worthy candidates for what could be the best cryptocurrency under a penny. Despite writing about these interesting projects, we've barely scratched the surface of cheap cryptocurrencies as there are hundreds of other projects with sub-penny prices and more are coming out every single day. So if you want to keep up on the latest and best cryptocurrency under a penny then you should join our official Telegram channel to get access to our latest coin recommendations.

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Fabian

Informative material, thanks