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3 Biggest Penny Cryptocurrencies in Early 2019

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The crypto market may have taken a serious hit in 2018, but it is still massive and filled with over 2,100 different cryptocurrencies. Some of them can measure their value in hundreds of dollars, while Bitcoin itself currently has a value of nearly $3,500. However, there are also coins that can be bought with mere pennies.

However, the actual value of each individual coin is only what is going on on the surface, and to establish the success of these coins, one has to look past the price. Things such as market cap, trading volume, and the coin’s place on the list of largest cryptocurrencies are what determines which coins are popular.

With that in mind, let’s explore some of the penny cryptocurrencies — coins with a price under $1 — that are among the largest cryptos in early 2019.

1) XRP

XRP is the coin whose price still remains under $0.5, even after years of being around. It is currently the second largest cryptocurrency by market cap ($12,617,403,510), bested only by Bitcoin itself. However, not many people would think so when they see its value of only $0.306601 at the time of writing.

XRP is a coin developed by a company called Ripple Labs, which set up a goal of revolutionizing the payment systems used by banks and financial institutions. This is where XRP’s true value lies, as Ripple’s products use XRP for sending money.

Current payment systems used by banks around the world are considered to be old and outdated. They can no longer properly handle the needs of customers in the modern age. International transactions are especially bothersome, as each of them typically needs several days to be processed. While this may have been good enough some years ago, the current technology is advanced enough to make these payments cheaper and nearly instant.

Ripple’s products can do this, and they use XRP to transfer the money from one place to another. This is what makes the coin popular, and what puts it among cryptos with the biggest chance to reach mainstream adoption.

2. TRON (TRX)

TRX, currently the 8th largest coin by market cap, is the next coin that is priced under $1, according to CoinMarketCap. TRON is a coin that aims to decentralize the web and completely revolutionize the entertainment industry. It started off as ERC-20 token, meaning that it was created on Ethereum’s network. However, it managed to launch its own blockchain in mid-2018, which is where its true development started.

After launching the MainNet, TRX has brought its tokens to the new blockchain and started working on numerous different projects. While the original development team focused on perfecting the coin and growing its ecosystem, other developers started launching their own products based on the TRON blockchain.

Soon after the MainNet launch, TRON announced that it would purchase BitTorrent, and this announcement was followed by another one, which stated that TRON is working on its biggest project yet. After keeping it a secret for a while, TRON’s founder, Justin Sun, revealed that the project in question is called Project Atlas and that it will revolve around BitTorrent itself. The project will reward those who ‘seed’ files, and thus make it accessible to other BitTorrent users.

Even that is not all that TRX achieved in 2018, as the coin constantly kept announcing new partnerships, listings on wallets and exchanges, and other news. However, all of this was not enough to impact its price, as the bear market held on tight, and TRX is currently still believed to be highly undervalued, with a price of $0.026036 per coin, and a market cap of $1,738,125,517.

3. Stellar (XLM)

Finally, the third penny cryptocurrency is Stellar, which is only one rank below TRX, currently holding the 9th spot. This is also the last penny crypto in the top 10 coins by market cap.

Stellar currently has a market cap of $1,589,736,174, and a value of $0.082527, which is also considered by many to be far below its potential. After all, Stellar is one of the fastest coins in the crypto market, with the ability to complete any transaction within seconds. Similarly to XRP, Stellar aims to revolutionize cross-border payments and allow even the unbanked and underbanked individuals easy access to funds.

However, unlike XRP, Stellar aims to provide its services directly to individual users, while XRP decided to work with banks and financial institutions. Another thing that ties Stellar with XRP is the fact that Ripple’s co-founder, Jed McCaleb, created it in collaboration with Joyce Kim.

Stellar has also partnered with several companies and banks, with the biggest and most impactful one being the IBM, which aims to use the coin’s network for allowing its own customers an easy payment method. Meanwhile, the IBM partnership is invaluable for XLM as well, as it shows that this is a legitimate project with large potential, that even managed to attract one of the most reputable tech giants in the world.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

TRON Ecosystem New Addition — CryptoDungeons

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CryptoDungeons
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According to the recent Medium post published by TRON Arcade, a blockchain-based RPG called CryptoDungeons is to become the latest hit on the TRON blockchain.

The announcement was published on February 8th, and it states that the CryptoDungeons TRON game is still in development. However, the team is preparing to announce a presale soon, meaning that the official launch is not far away.

About CryptoDungeons

CryptoDungeons was originally developed to be a part of Ethereum’s network. However, the team has decided to bring it to TRON instead. Soon enough, the fans of the game will be able to experience its story, universe, and characters on TRON blockchain.

The game is centered around Heroes who can be bought and used for exploring dungeons, crafting various items, gathering food, and alike. The game also offers five races for players to choose from — Humans, Elves Dwarves, Orcs, and Angels. Additionally, there will also be four classes, including Warriors, Mages, Rogues, and Priests. Each class will have its own unique abilities, with the Warrior class being presented as an example. The abilities that this class features include Strike, Heavy Strike, Shield Wall, Shield Slam,…

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Positive Crypto Price Trend Moves VeChain (VET)

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VeChain
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As many are likely aware of, the previous twelve months were not particularly friendly to cryptocurrencies, and there were two major market crashes since January 2018. However, it could be that investors’ wishes are finally coming true, as the market is currently seeing actual gains. While there is still no certainty regarding this behavior, investors around the world are finding the current development to be quite refreshing.

One interesting development that was noticed these days is the increase of VeChain’s price, which is seeing minor gains at this time.

VeChain (VET) price grows

While most cryptocurrencies experienced some extreme ups and downs during their lifetime, VeChain is usually surprisingly unaffected by the market’s behavior. In fact, its price chart typically shows no major changes, and it seems pretty flat in comparison to other cryptocurrencies.

While this may be a good thing, as the lack of volatility means that the coin is more stable than most, the fact that the price is usually not affected makes the current gains that much more peculiar.

In the last 24 hours, VeChain’s price has grown by 2.16%, placing its value at $0.00401120 at the time of writing. The growth is minor, and the coin’s value only increased by a fraction of a cent, but this is still not typical behavior for this cryptocurrency, which attracted the attention of analysts and investors…

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Altcoins

SOLVE Token Could Be A Huge Long-Term Winner

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Solve.Care
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A lot of articles have been written about an altcoin apocalypse.  With so many tokens entering the market, it is inevitable that not all of them will survive.  When trying to analyze pick out the best projects, the following criteria should be used:

  • Very active community
  • Strong potential for mass adoption
  • Valuable partnerships
  • Experienced leadership

If a project scores well in at least three of the above criteria, it’s a winner.  When it scores well in all four, it has the potential to be a blockbuster.  That potential blockbuster is Solve.Care.

Background

Solve.Care has developed a revolutionary platform that will significantly improve care outcomes by reducing healthcare administrative costs.  The platform will also go a long way toward eliminating a lot of the problems commonly seen within healthcare administration such as duplication, waste, abuse, and fraud.  I firmly expect Solve.Care to generate cost savings by facilitating peer-to-peer transactions that grant authority to stakeholders while empowering payers regarding cost control and oversight.

SOLVE token completed its token sale last year in May.  The company sold 350,000,000 tokens and still has 650,000,000 in its treasury.  The great news is that the token has been recently listed on both Bittrex and KuCoin, two of the largest and most trustworthy exchanges in the world.  Given the recent incidents, especially the Cryptopia hack, being on a trustworthy exchange is of paramount…

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