Looking for the cheapest cryptos to buy now? This is your list.
The crypto industry continues to revolutionize its technology. Despite the recent market decline, the volume of cryptocurrencies is still increasing every day. Keeping aside large-cap cryptocurrencies like Bitcoin and Ethereum, many investors have started considering low-cost crypto projects or penny cryptocurrencies. To help you choose, here’s the list of the 5 best penny cryptos to buy now for good returns.
Decentraland (MANA)
The rising popularity of metaverse has essentially shaped MANA as the best penny crypto to buy now.
Decentraland is a popular gaming-slash-simulation platform that has witnessed massive growth in the total number of users recently. This virtual world metaverse game is based on Ethereum and powered by its native token, MANA, which can be used to purchase several types of wearables, names, avatars, and other items within the Decentraland marketplace. Currently priced just under a dollar, the MANA token is one of the best penny cryptos to buy now.
Decentraland is one of the most popular metaverse locations where users can interact with real money transactions. Additionally, with the launch of the flagship virtual store, the Samsung 837X, the electronics giant Samsung has partnered with Decentraland, boosting MANA’s demand and popularity.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Cardano (ADA)
Cardano is the top third-generation and highly functional penny crypto to buy now.
Cardano was created as a next-generation evolution of the Ethereum concept. As a result, its blockchain is a highly sustainable, scalable, and flexible platform for running smart contracts. This paves the way for the creation of various decentralized finance apps, games, new crypto tokens, and many more. Moreover, it aspires to be the most environmentally-friendly blockchain platform available. Instead of the energy-intensive Proof-of-Work approach, Cardano employs a unique Proof-of-Stake consensus process called Ouroboros.
Despite rolling out yearly upgrades, the native token ADA is still priced under a dollar, at just 50 cents, at the time of writing. Cardano’s long-awaited Alonzo upgrade has finally brought smart contracts to their blockchain, allowing developers to build decentralized apps (dApps) and enter the world of DeFi and NFTs. Therefore, we highly recommend that you buy this penny token now, as the upcoming Vasil Hard Fork upgrade will improve the efficacy, scalability, and efficiency of the Cardano network even further.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Stellar Lumens (XLM)
Stellar is a popular cryptocurrency with a strong focus on money transfers, making it more convenient and affordable.
The purported goal of the Stellar network is to connect all of the world’s financial systems into one network. Moreover, this top penny crypto has real-world uses. The network’s ability to facilitate quick and low-cost money transfers can certainly tackle the issue of costly transactions. It also consumes less energy and is relatively faster than Visa.
Additionally, Stellar’s roadmap is highly structured around network innovation and scalability. This promotes diversity and creates a more equitable financial system. Priced at just $0.12, XLM is thus yet another top penny cryptocurrency that we recommend buying now.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
The Graph (GRT)
The Graph has a strong leadership team and is poised for long-term growth.
The Graph is a decentralized protocol for indexing, ranking, and gathering data from blockchains. The crypto facilitates the seamless exchange of data between blockchains and applications. The network sees growing adoption as it is one of the first decentralized indexing and querying software available in the market. In addition, it allows anyone to build and publish open APIs called the Subgraphs.
The technology allows dApps and other blockchains to interact together seamlessly. The Graph supports indexing data from Ethereum, Interplanetary File System (IPFS), and POA technologies. Today, the GRT protocol has been deployed for different kinds of dApps like Uniswap, Synthetic, AAVE, and more. The current $0.11 price point of its native token GRT is a good entry point for an investment in this top penny crypto right now.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Polygon (MATIC)
Thanks to its interoperability, Polygon is one of the best penny cryptos to buy now, with massive growth potential.
Polygon is a protocol and framework that strives to create and connect Ethereum-compatible blockchain platforms. This protocol categorizes scalable Ethereum solutions to support the multi-chain Ethereum ecosystem.
Polygon has become a strong competitor for blockchain technology thanks to the interoperability of this Ethereum-based project. Since its launch, the Polygon network has allowed users to develop nearly 20,000 dApps, attracted over 130 million unique users, experienced over three million daily transactions, and hosted over 3.4 billion transactions. The token is involved in a number of projects, which is why it is one of the best penny cryptos to buy now.
Polygon’s green transition and the launch of several new features, like gas-free non-fungible token minting is driving its value. The platform’s latest adoptions are significantly fuelling the bull case for the MATIC coin, which is currently listed at just $0.58. This price is bound to shoot up with the upcoming launch of Polygon Nightfall, which will allow users to access more blockchains securely and privately utilizing the advanced Optimistic-Zero Knowledge Technology. The success and popularity of this network will undoubtedly increase the overall price and value of MATIC, making it one of the top penny crypto to buy right now.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
The Bottomline
There are over thousands of cryptocurrencies in the market with massive growth potential. By investing in high-potential crypto priced less than a dollar right now, you can rake in solid returns. Therefore, check out our list of the 5 best penny cryptos to buy now for a smart investment. However, volatility is not a new concept in the crypto market and is one key reason for investors to be cautious while investing in any cryptocurrencies.
Read More:
How To Buy Decentraland (MANA)
The 5 Best Ways to Buy Cardano (ADA)
The 5 Best Ways To Buy The Graph (GRT) In 2022
The 5 Best Ways To Buy Polygon (MATIC)
15 Most Promising Cryptocurrencies To Invest In
Best Crypto Under $1 - Cheapest Cryptocurrency To Buy Revealed