XRPPembelian
XRPUSD HITBTC PENNYCRYPTO
#1 Penny Cryptocurrency 2020: Ripple XRP
XRP Current Price: $0.1988
Ripple XRP is also known as the most favorite cryptocurrency among global banks. The XRP payment system has been around since 2012 and it hit an all-time high back in January 2018 when it hit approximately $3.5. According to Coinmarketcap, Ripple is the world’s third most valuable cryptocurrency based on market cap.
Where Can I Buy Penny Cryptocurrencies?
The largest and biggest cryptocurrency exchange that offers penny coins is Binance.
HitBTC gives you access to over 827 penny coins and $650 million average daily volume.
Hotbit gives you access to over 625 penny coins and $2.3 billion average daily volume.
KuCoin gives you access to over 447 penny coins and $40 million average daily volume.
OKEx gives you access to over 372 penny coins and $1.9 billion average daily volume.
Bitfinex gives you access to over 277 penny coins and $93 million average daily volume.
How to Select Penny Cryptocurrencies?
In this section, we’re going to break down our checklist to select top penny cryptocurrencies. To start, using crypto trading signals will make it much easier to identify which coins are most likely to increase or decrease in value.
It’s important to lay down some sort of a selection process so you don’t get lost with so many coins available to buy.
Our team of experts has put together a list of 10 criteria to follow before you buy penny cryptocurrencies today:
Cryptocurrency circulating supply between 10 million – 1 billion coins
The market cap of at least $20 million
Must be listed on the biggest cryptocurrency exchanges (Binance, BitMex, OKEx, Huobi Global, MXC, etc.)
Remove penny cryptocurrency that has mined less 25% of their maximum supply
Percentage gain in the last 7 days must be higher than 50% (you can view these metrics on Coinmarketcap)
High liquidity – minimum $1 million 24 hour volume traded
A strong presence on social media (Twitter, Facebook, Reddit and cryptocurrency forums)
Experienced blockchain developers team
Discount penny coins that trade near their all-time high
The final step is to use technical analysis to find range-bound penny cryptocurrencies that trade at a psychological support level.
Why Invest in Penny Cryptocurrencies?
1 - Altcoins offer high-risk reward ratios. Many of the penny cryptocurrencies are undervalued and along with the potential of mass adoption of the blockchain technology, we can expect the value of the altcoins to be higher in the foreseeable future
2 - Penny cryptocurrencies offer investment diversification. If you want your crypto portfolio to generate constant returns you need diversification. The cryptocurrency market crash amid the coronavirus outbreak wasn’t able to put to the ground every single coin. There are still coins that show positive return (see figure below).
3 - Penny cryptocurrencies offer passive income. Some of the best paying dividend cryptocurrencies trade under $1. Earning dividends from cryptocurrencies is the same as a stock dividend. By simply holding penny cryptos in your wallet or exchange, you can earn money.
A penny cryptocurrency is a digital currency that is trading under $1. Much like penny stocks, the penny cryptocurrencies are very cheap coins literally worth a few pennies.
Penny cryptos are considered to be an alternative type of investment that can be classified into 4 categories:
Mining-based cryptocurrencies
Stablecoins (Check out here What Are Stablecoins And How Do They Work?)
Security Tokens (Check out everything you need to know about Security Token Offerings)
Utility Tokens
Most penny cryptocurrencies are more volatile and they can be subject to price manipulation through the pump and dump schemes. However, not all penny cryptocurrencies are the same, they vary widely from each other.
Trading Strategy Guides
Home
Blog
About Us
Products
Contact Us
Free Tools
Best Penny Cryptocurrency to Invest 2020
by TradingStrategyGuides | Last updated Apr 8, 2020 | Advanced Training, All Strategies, Cryptocurrency Strategies | 0 comments
best altcoins 2020
If you search for the best penny cryptocurrency to invest 2020 read on. With more than 5,200 altcoins to choose from, you might be wondering what are the best altcoins to invest in 2020? We’re going to share with you the top 10 penny cryptocurrencies to buy in 2020 along with some trading tips and strategies.
If this is your first time on our website, our team at Trading Strategy Guides welcomes you. Make sure you hit the subscribe button, so you get your Free Trading Strategy every week directly into your email box.
If you want to put your money into more established coins, this article will shed some light on the Top 5 Best Cryptocurrencies to Invest in 2020.
According to Coinmarketcap, penny cryptocurrencies account for almost 35% of the total cryptocurrency market (according to data compiled through April 2020). The penny crypto-list is huge, but only some of them will emerge as having a high-profit potential.
Since most cryptocurrencies will die and no one will ever talk about them, it’s important to develop a sound investment process. Which penny cryptocurrencies are on the verge to go to the moon and the best altcoins to invest in 2020 will be revealed by our team of experts throughout this guide.
Let’s dive in and explore together the next upcoming altcoin season.
Let’s go ahead and get started!
See below:
Table of Contents
1 What are Penny Cryptocurrencies?
2 Why Invest in Penny Cryptocurrencies?
3 How to Select Penny Cryptocurrencies?
4 Where Can I Buy Penny Cryptocurrencies?
5 What are the Top 10 Penny Cryptocurrencies to Buy in 2020?
5.1 #1 Penny Cryptocurrency 2020: Ripple XRP
5.2 #2 Penny Cryptocurrency 2020: Stellar Lumens (XLM)
5.3 #3 Penny Cryptocurrency 2020: Basic Attention Token (BAT)
5.4 #4 Penny Cryptocurrency 2020: Steem
5.5 #5 Penny Cryptocurrency 2020: Enjin Coin (ENJ)
5.6 #6 Penny Cryptocurrency 2020: Ren
5.7 #7 Penny Cryptocurrency 2020: Ravencoin (RVN)
5.8 #8 Penny Cryptocurrency 2020: Tron (TRX)
5.9 #9 Penny Cryptocurrency 2020: OmiseGO (OMG)
5.10 #10 Penny Cryptocurrency 2020: Ontology (ONT)
6 Final Words – Best Penny Cryptocurrency to invest 2020
What are Penny Cryptocurrencies?
Best penny cryptocurrency 2020
A penny cryptocurrency is a digital currency that is trading under $1. Much like penny stocks, the penny cryptocurrencies are very cheap coins literally worth a few pennies.
Penny cryptos are considered to be an alternative type of investment that can be classified into 4 categories:
Mining-based cryptocurrencies
Stablecoins (Check out here What Are Stablecoins And How Do They Work?)
Security Tokens (Check out everything you need to know about Security Token Offerings)
Utility Tokens
Most penny cryptocurrencies are more volatile and they can be subject to price manipulation through the pump and dump schemes. However, not all penny cryptocurrencies are the same, they vary widely from each other.
Moving on…
We’re going to reveal 3 reasons to buy penny cryptocurrencies in 2020.
See below:
Why Invest in Penny Cryptocurrencies?
If you’re still on the defensive and don’t know if you should buy penny cryptocurrencies let me shed some light.
Here are 3 reasons why you need to invest in altcoins today:
Altcoins offer high-risk reward ratios. Many of the penny cryptocurrencies are undervalued and along with the potential of mass adoption of the blockchain technology, we can expect the value of the altcoins to be higher in the foreseeable future
Penny cryptocurrencies offer investment diversification. If you want your crypto portfolio to generate constant returns you need diversification. The cryptocurrency market crash amid the coronavirus outbreak wasn’t able to put to the ground every single coin. There are still coins that show positive return (see figure below).
Penny cryptocurrencies offer passive income. Some of the best paying dividend cryptocurrencies trade under $1. Earning dividends from cryptocurrencies is the same as a stock dividend. By simply holding penny cryptos in your wallet or exchange, you can earn money.
We hope you now see the value you can get from buying penny cryptocurrencies.
The blockchain technology is here to stay and so are these altcoins.
Now…
Before we pick the best altcoins to invest in 2020, let’s discuss a set of principle you need to use before investing in penny cryptocurrencies.
See Below:
How to Select Penny Cryptocurrencies?
In this section, we’re going to break down our checklist to select top penny cryptocurrencies. To start, using crypto trading signals will make it much easier to identify which coins are most likely to increase or decrease in value.
It’s important to lay down some sort of a selection process so you don’t get lost with so many coins available to buy.
Our team of experts has put together a list of 10 criteria to follow before you buy penny cryptocurrencies today:
Cryptocurrency circulating supply between 10 million – 1 billion coins
The market cap of at least $20 million
Must be listed on the biggest cryptocurrency exchanges (Binance, BitMex, OKEx, Huobi Global, MXC, etc.)
Remove penny cryptocurrency that has mined less 25% of their maximum supply
Percentage gain in the last 7 days must be higher than 50% (you can view these metrics on Coinmarketcap)
High liquidity – minimum $1 million 24 hour volume traded
A strong presence on social media (Twitter, Facebook, Reddit and cryptocurrency forums)
Experienced blockchain developers team
Discount penny coins that trade near their all-time high
The final step is to use technical analysis to find range-bound penny cryptocurrencies that trade at a psychological support level
The only checklist that you need to know before buying penny cryptocurrencies in 2020 was used with success by our team of crypto experts.
Moving on…
Let’s examine which crypto exchanges offer altcoins and penny coins
See below:
Where Can I Buy Penny Cryptocurrencies?
Like a Bitcoin exchange, there are cryptocurrency exchanges that specialize in offering digital currencies that trade under $1. The largest and biggest cryptocurrency exchange that offers penny coins is Binance.
On Binance exchange, crypto fanatics can trade a vast selection of 685 coins with an average 24-hour trading volume of $3.9 billion.
The complete list of the best cryptocurrency exchange for 2020 to buy and sell penny cryptocurrencies includes names like:
HitBTC gives you access to over 827 penny coins and $650 million average daily volume.
Hotbit gives you access to over 625 penny coins and $2.3 billion average daily volume.
KuCoin gives you access to over 447 penny coins and $40 million average daily volume.
OKEx gives you access to over 372 penny coins and $1.9 billion average daily volume.
Bitfinex gives you access to over 277 penny coins and $93 million average daily volume.
It’s almost impossible to buy penny cryptos directly with fiat money. Most penny cryptos are traded in exchange for BTC or in exchange for Ethereum.
So, if you don’t own Bitcoins, you first need to purchase some BTC before you buy your favorite penny cryptocurrency.
Also, be sure to read our tutorial on the best bitcoin trading strategy.
Next…
Are you looking for the cheapest altcoins?
Only the altcoins with strong fundamentals will succeed and emerge as the winners from the COVID19 crash. While more money will flow back into Bitcoin and other safer coins, we believe the highest return on investment can be produced by these penny cryptocurrencies.
Let’s outline what are the best penny cryptocurrency to invest 2020.
See below:
What are the Top 10 Penny Cryptocurrencies to Buy in 2020?
Let’s distinguish between what are merely empty promises and what are the best penny cryptocurrency to invest in 2020.
While we’re in a bear market due to the COVID-19 Coronavirus fears, professional crypto traders know that the best opportunities come in times of crisis.
Now, you might be asking:
What are the best altcoins to invest in 2020?
If the cryptocurrency market will recover, these are the top 10 best penny cryptocurrency 2020.
See below:
#1 Penny Cryptocurrency 2020: Ripple XRP
XRP Current Price: $0.18
Ripple XRP is also known as the most favorite cryptocurrency among global banks. The XRP payment system has been around since 2012 and it hit an all-time high back in January 2018 when it hit approximately $3.5. According to Coinmarketcap, Ripple is the world’s third most valuable cryptocurrency based on market cap.
best penny cryptocurrency to invest in 2020
#2 Penny Cryptocurrency 2020: Stellar Lumens (XLM)
Stellar XLM Current Price: $0.041
Stellar currently ranks as the world’s 13th most valuable cryptocurrency. XLM has great application in the sense that it helps people convert crypto to fiat currency. Stellar reached an all-time high of $0.83 in January 2018.
best altcoins to invest in 2020
#3 Penny Cryptocurrency 2020: Basic Attention Token (BAT)
BAT Current Price: $0.14
Basic Attention Token is another promising penny cryptocurrency that ranks in the 34th position based on market cap. Integrated with the Brave Browser and having behind a great team lead by the original developer of JavaScript and co-founder of Mozilla and Firefox, BAT has a bright future. BAT reached an all-time high of $0.88 back in January 2018.
Best penny cryptocurrency 2020
#4 Penny Cryptocurrency 2020: Steem
Steem Current Price: $0.18
Steem is one of the most active blockchains in the ecosystem with over 1 million active users. Steem is an APP that focuses on providing social media services and other types of communication services over the internet. Steem currently ranks at place 40 on Coinmarketcap. It reached an all-time high of $7.21 back in January 2018 (See crypto chart below).
best penny cryptocurrency to invest in 2020
#5 Penny Cryptocurrency 2020: Enjin Coin (ENJ)
Enjin Coin Current Price: $0.09
Enjin Coin is the 59 most valuable cryptocurrency worldwide. Enjin Coin landed one of the largest partnerships in cryptocurrency history with Samsung, one of the largest mobile phone companies in the world. ENJ also has a partnership with Unity the world’s most popular game engine, which is why any crypto portfolio should include this coin.
ENJ all-time high was $0.44, so we’re not that far off from it.
best altcoins to invest in 2020
#6 Penny Cryptocurrency 2020: Ren
Ren Current Price: $0.051
Ren cryptocurrency has great potential to grow in the years ahead. Ren facilitates transactions between cryptocurrencies and tokens. Basically, you can transfer any coin or token between any blockchain. Ren all-time high of $0.18 was reached recently on August 2019.
best cryptocurrency to invest in 2020
#7 Penny Cryptocurrency 2020: Ravencoin (RVN)
Ravencoin Current Price: $0.015
Ravencoin has gained a lot of popularity due to its good mixture of both technical price action as well as good sets of fundamentals. According to Coinmarketcap, RVN ranks as the top 50 cryptocurrencies. Ravencoin reached its all-time high of $0.07 back in April 2019.
up and coming cryptocurrency 2020
#8 Penny Cryptocurrency 2020: Tron (TRX)
Tron Current Price: $0.011
Tron is another digital currency that is a good candidate to become a hit in the years to come. Tron has one of the largest online communities in the crypto space and an average daily volume close to 1 billion. TRX ranks as the 11th most valuable cryptocurrency and it reached its all-time high of $0.20 in January 2018.
best cryptocurrency to invest in 2020 reddit
#9 Penny Cryptocurrency 2020: OmiseGO (OMG)
OmiseGo Current Price: $0.54
OmiseGO is another cheap cryptocurrency that you can buy today. With a limited circulating supply and an average daily volume bigger than OMG’s market cap, this coin has a true potential to increase multiple times in value. OmiseGO reached an all-time high of $25.49 back in January 2019.
best cryptocurrency to invest in now
#10 Penny Cryptocurrency 2020: Ontology (ONT)
Ontology Current Price: $0.1
Ontology is another cheap cryptocurrency with huge potential in 2020 and beyond. ONT trades below its market cap value and this divergence can be the catalysts for the next surge in ONT price. Ontology cryptocurrency reached an all-time high of $9.91 in May 2018.
next cryptocurrency to explode 2020
Final Words – Best Penny Cryptocurrency to invest 2020
In summary, you have solid reasons to search for the best penny cryptocurrencies to invest 2020. Penny cryptocurrencies can give you the opportunity to get exposure to innovative projects, diversification and last but not least the potential to make more than 100% return on your investment. In some cases, using crypto bots will make it significantly easier to automate your trades.
There is no way anyone can predict with 100% certainty what the best altcoins to invest in 2020 are. However, we know from history that as cryptocurrency markets get bigger, it tends to multiply at lower rates over time. Also, many of the crypto names we have today will disappear in the coming years.
So, don’t buy penny cryptocurrencies that are down 99% from their all-time high simply because they are at a discount. Many of those cryptocurrencies will never recover from those price levels.
Risk Warning: This is not financial advice, everything outlined through this cryptocurrency guide is solely our personal opinions. Do your own research before making any investments.
XRP Current Price: $0.1988
Ripple XRP is also known as the most favorite cryptocurrency among global banks. The XRP payment system has been around since 2012 and it hit an all-time high back in January 2018 when it hit approximately $3.5. According to Coinmarketcap, Ripple is the world’s third most valuable cryptocurrency based on market cap.
Where Can I Buy Penny Cryptocurrencies?
The largest and biggest cryptocurrency exchange that offers penny coins is Binance.
HitBTC gives you access to over 827 penny coins and $650 million average daily volume.
Hotbit gives you access to over 625 penny coins and $2.3 billion average daily volume.
KuCoin gives you access to over 447 penny coins and $40 million average daily volume.
OKEx gives you access to over 372 penny coins and $1.9 billion average daily volume.
Bitfinex gives you access to over 277 penny coins and $93 million average daily volume.
How to Select Penny Cryptocurrencies?
In this section, we’re going to break down our checklist to select top penny cryptocurrencies. To start, using crypto trading signals will make it much easier to identify which coins are most likely to increase or decrease in value.
It’s important to lay down some sort of a selection process so you don’t get lost with so many coins available to buy.
Our team of experts has put together a list of 10 criteria to follow before you buy penny cryptocurrencies today:
Cryptocurrency circulating supply between 10 million – 1 billion coins
The market cap of at least $20 million
Must be listed on the biggest cryptocurrency exchanges (Binance, BitMex, OKEx, Huobi Global, MXC, etc.)
Remove penny cryptocurrency that has mined less 25% of their maximum supply
Percentage gain in the last 7 days must be higher than 50% (you can view these metrics on Coinmarketcap)
High liquidity – minimum $1 million 24 hour volume traded
A strong presence on social media (Twitter, Facebook, Reddit and cryptocurrency forums)
Experienced blockchain developers team
Discount penny coins that trade near their all-time high
The final step is to use technical analysis to find range-bound penny cryptocurrencies that trade at a psychological support level.
Why Invest in Penny Cryptocurrencies?
1 - Altcoins offer high-risk reward ratios. Many of the penny cryptocurrencies are undervalued and along with the potential of mass adoption of the blockchain technology, we can expect the value of the altcoins to be higher in the foreseeable future
2 - Penny cryptocurrencies offer investment diversification. If you want your crypto portfolio to generate constant returns you need diversification. The cryptocurrency market crash amid the coronavirus outbreak wasn’t able to put to the ground every single coin. There are still coins that show positive return (see figure below).
3 - Penny cryptocurrencies offer passive income. Some of the best paying dividend cryptocurrencies trade under $1. Earning dividends from cryptocurrencies is the same as a stock dividend. By simply holding penny cryptos in your wallet or exchange, you can earn money.
A penny cryptocurrency is a digital currency that is trading under $1. Much like penny stocks, the penny cryptocurrencies are very cheap coins literally worth a few pennies.
Penny cryptos are considered to be an alternative type of investment that can be classified into 4 categories:
Mining-based cryptocurrencies
Stablecoins (Check out here What Are Stablecoins And How Do They Work?)
Security Tokens (Check out everything you need to know about Security Token Offerings)
Utility Tokens
Most penny cryptocurrencies are more volatile and they can be subject to price manipulation through the pump and dump schemes. However, not all penny cryptocurrencies are the same, they vary widely from each other.
Trading Strategy Guides
Home
Blog
About Us
Products
Contact Us
Free Tools
Best Penny Cryptocurrency to Invest 2020
by TradingStrategyGuides | Last updated Apr 8, 2020 | Advanced Training, All Strategies, Cryptocurrency Strategies | 0 comments
best altcoins 2020
If you search for the best penny cryptocurrency to invest 2020 read on. With more than 5,200 altcoins to choose from, you might be wondering what are the best altcoins to invest in 2020? We’re going to share with you the top 10 penny cryptocurrencies to buy in 2020 along with some trading tips and strategies.
If this is your first time on our website, our team at Trading Strategy Guides welcomes you. Make sure you hit the subscribe button, so you get your Free Trading Strategy every week directly into your email box.
If you want to put your money into more established coins, this article will shed some light on the Top 5 Best Cryptocurrencies to Invest in 2020.
According to Coinmarketcap, penny cryptocurrencies account for almost 35% of the total cryptocurrency market (according to data compiled through April 2020). The penny crypto-list is huge, but only some of them will emerge as having a high-profit potential.
Since most cryptocurrencies will die and no one will ever talk about them, it’s important to develop a sound investment process. Which penny cryptocurrencies are on the verge to go to the moon and the best altcoins to invest in 2020 will be revealed by our team of experts throughout this guide.
Let’s dive in and explore together the next upcoming altcoin season.
Let’s go ahead and get started!
See below:
Table of Contents
1 What are Penny Cryptocurrencies?
2 Why Invest in Penny Cryptocurrencies?
3 How to Select Penny Cryptocurrencies?
4 Where Can I Buy Penny Cryptocurrencies?
5 What are the Top 10 Penny Cryptocurrencies to Buy in 2020?
5.1 #1 Penny Cryptocurrency 2020: Ripple XRP
5.2 #2 Penny Cryptocurrency 2020: Stellar Lumens (XLM)
5.3 #3 Penny Cryptocurrency 2020: Basic Attention Token (BAT)
5.4 #4 Penny Cryptocurrency 2020: Steem
5.5 #5 Penny Cryptocurrency 2020: Enjin Coin (ENJ)
5.6 #6 Penny Cryptocurrency 2020: Ren
5.7 #7 Penny Cryptocurrency 2020: Ravencoin (RVN)
5.8 #8 Penny Cryptocurrency 2020: Tron (TRX)
5.9 #9 Penny Cryptocurrency 2020: OmiseGO (OMG)
5.10 #10 Penny Cryptocurrency 2020: Ontology (ONT)
6 Final Words – Best Penny Cryptocurrency to invest 2020
What are Penny Cryptocurrencies?
Best penny cryptocurrency 2020
A penny cryptocurrency is a digital currency that is trading under $1. Much like penny stocks, the penny cryptocurrencies are very cheap coins literally worth a few pennies.
Penny cryptos are considered to be an alternative type of investment that can be classified into 4 categories:
Mining-based cryptocurrencies
Stablecoins (Check out here What Are Stablecoins And How Do They Work?)
Security Tokens (Check out everything you need to know about Security Token Offerings)
Utility Tokens
Most penny cryptocurrencies are more volatile and they can be subject to price manipulation through the pump and dump schemes. However, not all penny cryptocurrencies are the same, they vary widely from each other.
Moving on…
We’re going to reveal 3 reasons to buy penny cryptocurrencies in 2020.
See below:
Why Invest in Penny Cryptocurrencies?
If you’re still on the defensive and don’t know if you should buy penny cryptocurrencies let me shed some light.
Here are 3 reasons why you need to invest in altcoins today:
Altcoins offer high-risk reward ratios. Many of the penny cryptocurrencies are undervalued and along with the potential of mass adoption of the blockchain technology, we can expect the value of the altcoins to be higher in the foreseeable future
Penny cryptocurrencies offer investment diversification. If you want your crypto portfolio to generate constant returns you need diversification. The cryptocurrency market crash amid the coronavirus outbreak wasn’t able to put to the ground every single coin. There are still coins that show positive return (see figure below).
Penny cryptocurrencies offer passive income. Some of the best paying dividend cryptocurrencies trade under $1. Earning dividends from cryptocurrencies is the same as a stock dividend. By simply holding penny cryptos in your wallet or exchange, you can earn money.
We hope you now see the value you can get from buying penny cryptocurrencies.
The blockchain technology is here to stay and so are these altcoins.
Now…
Before we pick the best altcoins to invest in 2020, let’s discuss a set of principle you need to use before investing in penny cryptocurrencies.
See Below:
How to Select Penny Cryptocurrencies?
In this section, we’re going to break down our checklist to select top penny cryptocurrencies. To start, using crypto trading signals will make it much easier to identify which coins are most likely to increase or decrease in value.
It’s important to lay down some sort of a selection process so you don’t get lost with so many coins available to buy.
Our team of experts has put together a list of 10 criteria to follow before you buy penny cryptocurrencies today:
Cryptocurrency circulating supply between 10 million – 1 billion coins
The market cap of at least $20 million
Must be listed on the biggest cryptocurrency exchanges (Binance, BitMex, OKEx, Huobi Global, MXC, etc.)
Remove penny cryptocurrency that has mined less 25% of their maximum supply
Percentage gain in the last 7 days must be higher than 50% (you can view these metrics on Coinmarketcap)
High liquidity – minimum $1 million 24 hour volume traded
A strong presence on social media (Twitter, Facebook, Reddit and cryptocurrency forums)
Experienced blockchain developers team
Discount penny coins that trade near their all-time high
The final step is to use technical analysis to find range-bound penny cryptocurrencies that trade at a psychological support level
The only checklist that you need to know before buying penny cryptocurrencies in 2020 was used with success by our team of crypto experts.
Moving on…
Let’s examine which crypto exchanges offer altcoins and penny coins
See below:
Where Can I Buy Penny Cryptocurrencies?
Like a Bitcoin exchange, there are cryptocurrency exchanges that specialize in offering digital currencies that trade under $1. The largest and biggest cryptocurrency exchange that offers penny coins is Binance.
On Binance exchange, crypto fanatics can trade a vast selection of 685 coins with an average 24-hour trading volume of $3.9 billion.
The complete list of the best cryptocurrency exchange for 2020 to buy and sell penny cryptocurrencies includes names like:
HitBTC gives you access to over 827 penny coins and $650 million average daily volume.
Hotbit gives you access to over 625 penny coins and $2.3 billion average daily volume.
KuCoin gives you access to over 447 penny coins and $40 million average daily volume.
OKEx gives you access to over 372 penny coins and $1.9 billion average daily volume.
Bitfinex gives you access to over 277 penny coins and $93 million average daily volume.
It’s almost impossible to buy penny cryptos directly with fiat money. Most penny cryptos are traded in exchange for BTC or in exchange for Ethereum.
So, if you don’t own Bitcoins, you first need to purchase some BTC before you buy your favorite penny cryptocurrency.
Also, be sure to read our tutorial on the best bitcoin trading strategy.
Next…
Are you looking for the cheapest altcoins?
Only the altcoins with strong fundamentals will succeed and emerge as the winners from the COVID19 crash. While more money will flow back into Bitcoin and other safer coins, we believe the highest return on investment can be produced by these penny cryptocurrencies.
Let’s outline what are the best penny cryptocurrency to invest 2020.
See below:
What are the Top 10 Penny Cryptocurrencies to Buy in 2020?
Let’s distinguish between what are merely empty promises and what are the best penny cryptocurrency to invest in 2020.
While we’re in a bear market due to the COVID-19 Coronavirus fears, professional crypto traders know that the best opportunities come in times of crisis.
Now, you might be asking:
What are the best altcoins to invest in 2020?
If the cryptocurrency market will recover, these are the top 10 best penny cryptocurrency 2020.
See below:
#1 Penny Cryptocurrency 2020: Ripple XRP
XRP Current Price: $0.18
Ripple XRP is also known as the most favorite cryptocurrency among global banks. The XRP payment system has been around since 2012 and it hit an all-time high back in January 2018 when it hit approximately $3.5. According to Coinmarketcap, Ripple is the world’s third most valuable cryptocurrency based on market cap.
best penny cryptocurrency to invest in 2020
#2 Penny Cryptocurrency 2020: Stellar Lumens (XLM)
Stellar XLM Current Price: $0.041
Stellar currently ranks as the world’s 13th most valuable cryptocurrency. XLM has great application in the sense that it helps people convert crypto to fiat currency. Stellar reached an all-time high of $0.83 in January 2018.
best altcoins to invest in 2020
#3 Penny Cryptocurrency 2020: Basic Attention Token (BAT)
BAT Current Price: $0.14
Basic Attention Token is another promising penny cryptocurrency that ranks in the 34th position based on market cap. Integrated with the Brave Browser and having behind a great team lead by the original developer of JavaScript and co-founder of Mozilla and Firefox, BAT has a bright future. BAT reached an all-time high of $0.88 back in January 2018.
Best penny cryptocurrency 2020
#4 Penny Cryptocurrency 2020: Steem
Steem Current Price: $0.18
Steem is one of the most active blockchains in the ecosystem with over 1 million active users. Steem is an APP that focuses on providing social media services and other types of communication services over the internet. Steem currently ranks at place 40 on Coinmarketcap. It reached an all-time high of $7.21 back in January 2018 (See crypto chart below).
best penny cryptocurrency to invest in 2020
#5 Penny Cryptocurrency 2020: Enjin Coin (ENJ)
Enjin Coin Current Price: $0.09
Enjin Coin is the 59 most valuable cryptocurrency worldwide. Enjin Coin landed one of the largest partnerships in cryptocurrency history with Samsung, one of the largest mobile phone companies in the world. ENJ also has a partnership with Unity the world’s most popular game engine, which is why any crypto portfolio should include this coin.
ENJ all-time high was $0.44, so we’re not that far off from it.
best altcoins to invest in 2020
#6 Penny Cryptocurrency 2020: Ren
Ren Current Price: $0.051
Ren cryptocurrency has great potential to grow in the years ahead. Ren facilitates transactions between cryptocurrencies and tokens. Basically, you can transfer any coin or token between any blockchain. Ren all-time high of $0.18 was reached recently on August 2019.
best cryptocurrency to invest in 2020
#7 Penny Cryptocurrency 2020: Ravencoin (RVN)
Ravencoin Current Price: $0.015
Ravencoin has gained a lot of popularity due to its good mixture of both technical price action as well as good sets of fundamentals. According to Coinmarketcap, RVN ranks as the top 50 cryptocurrencies. Ravencoin reached its all-time high of $0.07 back in April 2019.
up and coming cryptocurrency 2020
#8 Penny Cryptocurrency 2020: Tron (TRX)
Tron Current Price: $0.011
Tron is another digital currency that is a good candidate to become a hit in the years to come. Tron has one of the largest online communities in the crypto space and an average daily volume close to 1 billion. TRX ranks as the 11th most valuable cryptocurrency and it reached its all-time high of $0.20 in January 2018.
best cryptocurrency to invest in 2020 reddit
#9 Penny Cryptocurrency 2020: OmiseGO (OMG)
OmiseGo Current Price: $0.54
OmiseGO is another cheap cryptocurrency that you can buy today. With a limited circulating supply and an average daily volume bigger than OMG’s market cap, this coin has a true potential to increase multiple times in value. OmiseGO reached an all-time high of $25.49 back in January 2019.
best cryptocurrency to invest in now
#10 Penny Cryptocurrency 2020: Ontology (ONT)
Ontology Current Price: $0.1
Ontology is another cheap cryptocurrency with huge potential in 2020 and beyond. ONT trades below its market cap value and this divergence can be the catalysts for the next surge in ONT price. Ontology cryptocurrency reached an all-time high of $9.91 in May 2018.
next cryptocurrency to explode 2020
Final Words – Best Penny Cryptocurrency to invest 2020
In summary, you have solid reasons to search for the best penny cryptocurrencies to invest 2020. Penny cryptocurrencies can give you the opportunity to get exposure to innovative projects, diversification and last but not least the potential to make more than 100% return on your investment. In some cases, using crypto bots will make it significantly easier to automate your trades.
There is no way anyone can predict with 100% certainty what the best altcoins to invest in 2020 are. However, we know from history that as cryptocurrency markets get bigger, it tends to multiply at lower rates over time. Also, many of the crypto names we have today will disappear in the coming years.
So, don’t buy penny cryptocurrencies that are down 99% from their all-time high simply because they are at a discount. Many of those cryptocurrencies will never recover from those price levels.
Risk Warning: This is not financial advice, everything outlined through this cryptocurrency guide is solely our personal opinions. Do your own research before making any investments.
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