The current bear market conditions in the cryptocurrency industry won’t last forever. Despite the industry’s challenges, investors still have a lot of optimism. Many altcoins under one cent are ready for explosive growth once market conditions improve. The current bear market conditions are a natural part of the development process.
Top altcoins under one cent are Verasity, Ecomi, Dent, and StormX. These coins have working products and services, low market caps, good tokenomics, and strong communities.
Why Should You Invest in Altcoins Under One Cent?
If you’re looking for significant returns on small investments, you might want to consider altcoins trading under $0.01. While these coins may not be household names, they can potentially explode in value. These altcoins are often overlooked because they are too small to be listed on major exchanges. But their low prices can be a huge selling point for new investors looking to get in on the ground floor of cryptocurrency.
What Criteria Were Used to Determine Top Altcoins Under One Cent?
- Does the altcoin have a working product or service. Altcoins with working products or services are more likely to hold value and increase in price. These altcoins are also less likely to be scams.
- How large is the market cap. Altcoins with small market caps have much more potential for explosive growth than altcoins with large market caps. Small market caps altcoins can multiply x5-x10 in price easily.
- How are the tokenomics (token economics). Well-balanced tokenomics are essential to establish trust in the altcoin. This trust is essential for the altcoin to succeed in the long run. If an altcoin has an unlimited supply, it can be perceived as a scam.
- Does the altcoin have a strong, active community. Altcoins with large, active communities are more likely to succeed because they have strong support systems. Investing in altcoins with active communities on social media (Facebook, Twitter, Instagram, Reddit) increases the probability of fast growth during bull markets and resilience during bear markets. Lunarcrush is a good website/app to help determine a cryptocurrency’s social engagement and community strength.
Top Altcoins Under One Cent
Verasity (VRA). Founded on May 18, 2018, Verasity is the next generation of video-sharing aimed at creating a fair system for creators to earn from their work and advertisers to gain value for their ad spend. It achieves this through its proof-of-value (PoV) protocol, its product layers, and its platform esportfightclub.com — a pro-gaming streaming platform that features esports tournaments like PUBG Mobile.
Verasity offers rewards in VRA for watching, subscribing, and winning. Verasity’s proof-of-view protocol layer technology detects and eliminates fraud in real-time. It uses over 200 touchpoints to ascertain whether humans or bots are watching a video. Verasity also hopes to expand its proof-of-view technology and data storage technology to non-fungible tokens (NFTs). Verasity’s on-chain verification will make NFTs more valuable and add an extra layer of authentication to ownership claims.
Current Price (10/19/22): $0.0036.
Does the altcoin have a working product or service: Yes, see details above.
How large is the market cap: $37,729,081.
How are the tokenomics: There is a maximum supply of 10 billion VRA tokens, of which 4.47 billion are currently in circulation. VRA is currently selling at $.0036, while its all-time high was $0.08683. VRA would have to increase by more than 24x to return to the all-time high.
Does the altcoin have a strong, active community: VRA has 270,000 Twitter followers and is ranked 214 out of 3,936 altcoins on lunarcrush.
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Ecomi (OMI). ECOMI is a technology company based in Singapore and is leading the way in the emerging digital collectibles space. With a dedicated hardware wallet and the world’s leading mobile-first NFT platform- VeVe-ECOMI offers a one-stop-shop for digital collectibles, bringing pop culture and entertainment into the 21st century.
VeVe was created by collectors for collectors to bring premium licensed NFT digital collectibles to the mass market. With over 2.6 million active users and 4 million NFTs sold, VeVe is the largest mobile-first digital collectibles platform and one of the top-grossing Entertainment Apps in the Google Play and Apple stores.
Utilizing blockchain and augmented reality technologies, VeVe offers premium licensed collectibles from leading brands, including DC Comics and Warner Bros, Cartoon Network, tokidoki, Ghostbusters, Back to the Future, and more.
Current Price (10/19/22): $0.0012.
Does the altcoin have a working product or service: Yes, see details above.
How large is the market cap: $323,981,431.
How are the tokenomics: OMI circulating supply is unknown with a max. supply of 310,884,471,276 OMI coins. OMI is currently selling at $.0012, while its all-time high was $0.013. OMI would have to increase more than 10.8x to return to the all-time high.
Does the altcoin have a strong, active community: OMI has 171,000 Twitter followers and is ranked 327 out of 3,936 altcoins on lunarcrush.
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Dent (DENT). Launched in 2017, Dent is a revolutionary digital mobile operator offering eSIM cards, mobile data plans, call minutes top-ups, and a roaming-free experience. According to the company website, Dent employs blockchain technology’s powers to create a global marketplace for mobile data liberalization.
Dent’s roadmap includes plans to expand its services to new markets. The company has already attracted more than twenty-five million mobile device users, and Dent services are available in more than 140 countries. Enterprise partnerships for Dent include Samsung Blockchain, The Enterprise Ethereum Alliance, and Telecom Infra.
Current Price (10/19/22): $0.000836.
Does the altcoin have a working product or service: Yes, see details above.
How large is the market cap: $82,799,972.
How are the tokenomics: DENT has a circulating supply of 99,007,791,203 DENT coins and a max. supply of 100,000,000,000 DENT. DENT is currently selling at $0.000836, while its all-time high was $0.11. DENT would have to increase more than 131x to return to the all-time high. The bull run of 2021 resulted in DENT reaching a high of .019 cents. DENT would have to increase more than 22.72x to reach that high again.
Does the altcoin have a strong, active community: DENT has more than 128,000 Twitter followers and is ranked 569 out of 3,936 altcoins on lunarcrush.
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StormX (STMX). Founded in 2015, StormX is one of the first global cryptocurrency-based solutions to reach worldwide markets. As a mobile app and browser extension, StormX aims to bring users cashback in crypto for most of their online purchases. With enterprise partners like Samsung, Nike and Lego. StormX also allows users to stake the native STMX token to boost their rewards.
The company has already attracted investments from Blockfolio, Litecoin Foundation and Kyber Network. StormX has successfully developed its product and has become an industry leader in the crypto cashback community.
Current Price (10/22/22): $0.0064.
Does the altcoin have a working product or service: Yes, see details above.
How large is the market cap: $64,529,810.
How are the tokenomics: STMX has a circulating supply of 10,000,000,000 STMX coins and a max. supply of 10,000,000,000 STMX coins. STMX is currently selling at $0.0064, while its all-time high was $0.24. STMX would have to increase 37.5x to return to the all-time high.
Does the altcoin have a strong, active community: STMX has almost 81,000 Twitter followers and is ranked 373 out of 3,936 altcoins on lunarcrush.
Which Altcoins Have the Most Potential in 2023? Which Cheap Cryptocurrencies Will Explode in 2023?
Verasity, Ecomi, Dent, and StormX all have very high potential in 2023. All of these cryptocurrencies have a strong team of developers, are listed on at least one major exchange, and have a clear vision for the future. Investing in any of these before the next bull run begins should result in very large investment gains.
Where Do I Find Cheap Cryptocurrencies?
There are plenty of websites that help you find cheap cryptocurrencies. Some top options include Kucoin, Kraken, and Binance. You can also use a cryptocurrency price comparison engine like Crypto Compare to make sure you’re getting the best deal on your trades.
Alternatively, instead of finding cheap cryptocurrencies, try looking for cryptocurrencies with good fundamentals. Look for coins/tokens that have the following:
- A use case
- An experienced development team
- A clear roadmap
- Good tokenomics
- A strong, active community backing it
Conclusion
Cryptocurrency is on the rise despite current bear market conditions. Volatility has been a norm in the crypto world since its inception. What goes up must come down, and what goes down must come up. So, while the current bear market conditions might hold cryptocurrency down, for now, it won’t be forever. Cryptocurrency is here to stay, and its popularity is only increasing.
Want to learn more? Click here to learn more about Non-Fungible Tokens (NFTs) and their real worth.
References
https://coinmarketcap.com/currencies/verasity/
https://coinmarketcap.com/currencies/ecomi-new/
https://coinmarketcap.com/currencies/dent/
https://coinmarketcap.com/currencies/stormx/
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