Best Cryptocurrency Under 1 Cent for Long-Term Investment


CRYPTO

If you wish to diversify your portfolio, investing in crypto is one of the best ways to do that. But investing in crypto like Bitcoin, which costs around $41,000 or Ethereum, which has a value of $3,000, isn’t child’s play. If you cannot afford those cryptocurrencies, you can consider other affordable but lucrative cryptocurrencies. These cryptos are under 1 cent and are considered long-term investments.

The best crypto under 1 cent for long term investment are:

  • VeChain (VET)
  • Stellar (XLM)
  • Basic Attention Token (BAT)
  • Chilli (CHZ)

You don’t need to have a fat bank account to invest in crypto. You don’t even need to invest in Bitcoin to make money. Instead, you can invest in a few cheap coins with potential, and when their value rise, you could end up being a few dollars richer depending on the amount of crypto you bought. Below, I have highlighted the best crypto under 1 cent for long-term investment.

Will Cryptocurrency Replace Fiat Currency?

Best Cryptocurrency Under 1 Cent for Long-Term Investment

Like the common penny stocks, penny crypto trades for a few pennies or less than $5 per unit. Despite being branded as a high-risk investment due to their small market capitalization, they are very cheap to invest in, unlike bitcoin, which has a current value of $41k.

Of course, the best penny crypto to consider should boast immense potential for value increment in the future. Otherwise, it makes zero sense.

Several factors determine the lucrativeness of a crypto asset. It could be the value of the tech backing the crypto, the community and team behind the project, or mere hype. For cryptos, it is possible to get such types of cryptocurrencies and tokens whose value will rise over time because of their existing potential.

Below, I have highlighted some of the best under 1 cent crypto to invest in (long term). But before we jump into that, let’s refresh our minds with a terse definition of cryptocurrency.

What is Cryptocurrency?

Cryptocurrency is a digital currency designed to be used as a form of payment that can circulate without needing an intermediary like the government or a bank. Instead, cryptos are generated using cryptographic technologies that enable individuals to purchase, sell or trade them safely.

Like traditional money, cryptos can be exchanged for goods and services. However, they are often considered investment vehicles. Crypto is also an important part of the operation of some decentralized financial architectures, where digital tokens are a key tool for conducting transactions.

The most prominent crypto, Bitcoin, has had a historically volatile price. In 2021, it hit an all-time high above $65,000 before plummeting more than 40%.

Investing in crypto:

Many crypto investors view crypto as a long-term investment. Some investors claim they will never do away with their cryptocurrencies as they believe in the potential of digital currency. But, cryptos have experienced several bouts of bear markets, causing several investors to lose %50 of their portfolio. Irrespective, Bitcoin has broken all-time-high prices several times, and it doesn’t seem like it is stopping.

Below are some of the best cryptos under 1 cent to invest in:

  1. VeChain (VET)

VeChain is lucrative yet cheap crypto. It is a blockchain-as-a-service platform mostly for businesses that want to tap into the power of the internet of things to prevent counterfeiting. It adopts IoT to track and provide proof of authentication for goods and services during trading.

Current price: $0.07324

  1. Stellar (XLM)

Stellar Lumens and its cryptocurrency XLM boast many use cases in a few industries, including the remittance, logistics, and borderless payment transfer industries. The platform allows for assets to be transferred worldwide in a safe, fast, and reliable way.

Current price: $0.2488

  1. Basic Attention Token (BAT)

The BAT was created based on the Ethereum blockchain, and it advertises itself as an efficient way of digital publication. It is a platform token for the Brave browser, including a brainchild of Brendan Eich, a co-founder of the internet browser Mozilla Firefox and developer of the JavaScript programming language. BAT helps share ad revenues among ad advertisers, content publishers, etc.

Current price: $0.9593

  1. Chilli (CHZ)

Chilli is another lucrative under 1 cent coin that you should consider. It is a blockchain that consists of other platforms, including socios.com and the tokens. Socios.com is a team crowd management platform that allows users to back their teams while assisting decision-making for their preferred team.

Current price: $0.2492

What to consider before buying crypto?

Are you eager to buy any of the cryptocurrencies mentioned above, but you lack adequate insights into how crypto works? Halt there! Digital currencies can be a thrilling investment opportunity. However, new investors risk losing their capital if they are enticed by scammers or invest in new crypto without a track record.

Here is a rundown of things to know before investing in any crypto:

  • Timing is everything
  • Be careful of scammers
  • You can buy crypto with old-fashioned money
  • Build an investment strategy
  • Is it too good to be true?
  • ICOs? Don your research hat and do your research!
  • Beware of FOMO (fear of missing out)
  • Select a good crypto exchange
  • Secure your private keys

Is Cryptocurrency a Good Investment?

Before investing your hard-earned money in any cryptocurrency, you may want to do some personal research and ask yourself some questions. One of the important questions you may want to ask yourself is, “is crypto a good investment?”

Judging from history, crypto has been a great investment. But, investing in crypto is riskier than other investment vehicles like stocks, traditional commodities, including real estate. Bitcoin is geared up to flip gold as a store of value, and Ethereum can unsettle the whole financial services industry. Although eager, the growth potential for crypto is unlike other investment vehicles.

How to Open a Free Business Checking Account Online With No Deposit and No Credit Check?

Which Cheap Crypto Has the Most Potential?

Don’t have $40,000+ to buy bitcoin or $3,000 to buy Ethereum? If you cannot afford two of the most lucrative crypto in the market, you have nothing to worry about. You can still make money off crypto, and the best way to do that is by investing in cheap crypto with good potential.

Cardano is cheap crypto with great potential. With a current price of $1.13, it is predicted that this cryptocurrency may rally to $10 or even more.

If you don’t have much money but want to make money off crypto, investing in Cardano may be a good move. Ensure you don’t invest what you cannot afford to lose.

Recent Posts