The cryptocurrency market has turned into a trillion Dollar Market after the massive growth of Bitcoin, Ethereum, and other top cryptocurrency prices in the last few months. It’s just the start, and we are at the beginning of a fresh bull cycle, which can extend well into the next year. The future looks bright for the top cryptocurrencies and even cheap cryptocurrencies (or penny cryptocurrencies, as some call them). Positive sentiments around retail investors, and corporations have started buying Bitcoin, and they can jump into alternative cryptocurrencies anytime soon. All these factors can drive cryptocurrency prices to the new high.
Now the question is – What to buy or what not to buy from 10000+ cryptocurrencies available at this moment. Also, what are those cryptocurrencies which are cheap in value, but have huge growth potential in 2021? In other words, the question is – which cheap cryptocurrency to buy?
Here is the answer:
The list of top 10 cheap cryptocurrencies (or top 10 penny cryptocurrencies, if you really must call them that) to invest in 2021.
*(Price, ATM, Market, Volume and Other data for these altcoins is based on the date when the article was written, Live price , and volume data could be different for you when you are reading this article.)
1. RSR (Reserve Rights)
Reserve Rights (RSR) is the utility token of the Reserve Protocol, a stable coin platform on Ethereum. The Reserve Protocol comprises a dual token model: the RSR utility token and the RSV stablecoin backed by a basket of assets as collateral.
Reserve is backed by High Profile Venture Investors Including Peter Thiel, Coinbase Ventures, and Sam Altman. Certainly a contender for one of the top cheap cryptocurrencies to buy in 2021.
Learn More about Reserve Rights HERE
2. ZIL (Zilliqa)
Zilliqa (ZIL) is one of the world’s first blockchains being built on a sharded architecture. It features smart contracts written in the platform’s proprietary programming language: Scilla.
Another cheap cryptocurrency with high fundamental value, Zilliqa is backed by Neo Global Capital, One Block Capital and other 14+ Venture Investors. A great cheap cryptocurrency to buy, if you ask us.
Learn More about Zilliqa Here
3. VET (VeChain)
VeChain Thor (VET) is blockchain with the posited goal of “solving real world economic problems”. VeChain has two kinds of tokens, VeChain Token (VET) and VeThor Token (VTHO). While VET has a fixed supply of ~86.7bn token, VTHO is issued as a block reward for VET staking AMs. VTHO is required for smart contract and transaction executions. Consensus is achieved on a threefold-level: (1) technical level, (2) business level, and (3) governance level.
VeChain is backed by Leading Audit Firm- PwC, and is worthy of attention as a cheap cryptocurrency to buy.
Learn More about VeChain Here
Stellar is an open-source network with the mission to “create equitable access to the global financial system“. Stellar is maintained by the Stellar Development Foundation, a non-profit organization established in 2014. Stellar’s token, the Lumen (XLM), is used for staking and constitutes the payment method for all services the system provides. It’s a fairly popular cheap crypto that is quickly rising in the ranks.
Learn More about Stellar Here
5. REEF(REEF Finance)
Reef is a DeFi platform built on Polkadot that aims to deliver cross-chain trading. A yield engine and a smart liquidity aggregator are among the project’s offerings. Work began on the project in the second half of 2020. Those behind Reef argue that the process of trading, lending and staking crypto is currently fragmented — creating “a painful experience for all of its participants.”
Reef aggregates liquidity and provides automation. It also aims to address the drawbacks associated with existing trading platforms. While centralized exchanges are prone to security breaches, decentralized rivals can lack liquidity and are often difficult to use.
Learn More about REEF Here
6. HBAR (Hedera Hashgraph)
Hedera Hashgraph is distributed public ledger infrastructure. According to the team, it offers significant improvements over existing blockchains in five areas: performance, security, governance, stability, and regulatory compliance.
It features 10,000 TPS, transaction fee ~$0.0001, and a 3-5 second finality for confirmations. The HBAR token is used for staking, as well as multiple services in the network.
Hedera Hashgraph is backed by Reupted Venture Investors including Digital Currency Group, and BlockTower Capital.
Learn More about Hedera Hashgraph Here
7. AKRO (Akropolis)
Akropolis is a company that operates an Ethereum-based decentralized finance protocol that seeks to provide an autonomous financial ecosystem for saving and growing wealth, including through borrowing and lending. To do so, it offers a series of products including AkropolisOS, a framework for developing for-profit decentralized autonomous organizations, Sparta, a platform for uncollateralized lending, and Delphi, a yield farming aggregator and tool for dollar-cost averaging.
Learn more about Akropolis Here
8. STPT(Standrad Tokenization Protocol)
The STP (Standard Tokenization Protocol) Network aims to build a decentralized network designed to facilitate the discovery and usage of digital assets across global communities. The STP Standard defines how ownership of tokenized assets are generated, issued, sent, and received while complying with the necessary regulations.
The STPT token is currently used on several platforms including Blockzone.com where it allows users to participate in events like airdrops, bounties, Micro Token Offerings, and virtual staking. Additionally, STPT is used as a payment currency for services within the ecosystem which comprises projects, service providers, issuers, and investors.
Learn More about STPT Here
Harmony is a blockchain platform designed to facilitate the creation and use of decentralized applications (DApps). The network aims to innovate the way decentralized applications work by focusing on random state sharding, which allows creating blocks in seconds.
According to the project’s website, Harmony is expected to introduce cross-shard contracts and a cross-chain infrastructure by the end of 2021.
Learn More about Harmony Here
Polymath is a decentralized Ethereum project built with the goal of making it easier to create and manage security tokens. The ST-20 Polymath standard (ERC1400) allows users to embed regulatory requirements into the tokens themselves to restrict trading to verified participants, simplifying the challenges of creating a security token. Over 220 tokens have been created using the Polymath platform.