Are you looking to grow your wealth in the coming years with limited capital? Consider the strategy of allocating a portion of your portfolio to high-risk, high-reward cryptocurrencies. Similar to the allure of penny stocks, these penny cryptocurrencies are traded at a few cents or less than a dollar per unit. Despite their inherent market volatility due to smaller market capitalization, their accessibility for investment is notable. But, remember, the real potential lies in selecting penny cryptos that exhibit the promise of value appreciation over time. With these considerations, let's delve into three cryptocurrency gems, each valued at less than a penny, yet holding the potential to soar in the upcoming bullish market cycle.
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Now, let's get started.
Your first crypto-currencies under a penny that could potentially skyrocket on the next bull run is Shiba Inu.
Shiba Inu, often called Shib, stands out as a cryptocurrency that grabbed attention due to its connection with Dogecoin and meme culture.
We're nearing the launch of Shibarium, the Shiba Inu project's solution to scale Ethereum on layer 2. According to Shytoshi Kusama, a Shiba Inu developer, the launch of Shibarium is anticipated after an upcoming conference in Toronto this August.
Shibarium's layer 2 platform is designed to support projects aiming to launch gaming and metaverse apps at a larger scale. Currently, the platform is in the testing phase called "Puppynet," operational since March this year.
An interesting aspect of Shibarium is its plan to burn SHIB tokens with every transaction, which could make the token more attractive for long-term holding.
As we await the Shibarium release, keep an eye not only on SHIB but also on other tokens within the Shiba Inu ecosystem, such as BONE and LEASH. Remarkably, BONE has recently gained traction, entering the top 100 cryptocurrencies and achieving a market capitalization exceeding $300 million.
Binance, a leading crypto exchange, has added Shiba Inu as a collateral asset for flexible and VIP loans. This move has sparked discussions about a potential BONE listing on Binance. The updated list of collateral assets includes familiar cryptocurrencies like Compound (COMP), Enjin (ENJ), and others such as IOTA, RLC, HOT, THETA, and IOST.
A tweet from Shibburn, a tracking platform, reveals that the SHIB community moved almost 30 million SHIB meme coins to unspendable wallets recently. This coincided with a considerable 21.8% rise in the SHIB token burn rate. During this period, a total of more than 28M meme coins were sent to "inferno" wallets, where they will remain locked indefinitely.
This surge in SHIB burn rate indicates a positive trend as token holders demonstrate a growing desire to reduce the circulating supply. Token burns like these have the potential to impact the token's value and ecosystem.
By reducing the supply of SHIB tokens, the SHIB community shows its dedication to enhancing the token's long-term value. Token burns also contribute to the project's credibility, attracting potential investors by highlighting the community's commitment to responsible token management.
Currently, the price stands at 0.003. And we believe there's potential for this to increase significantly, possibly 10-50 times, during the next bull run.
Your second crypto-currency under a penny that could potentially skyrocket on the next bull run is going to be HOT.
This project has gained significant attention due to its unique approach. Holo isn't your typical cryptocurrency; it's more like a decentralized cloud hosting platform. The focus here is on creating a fairer internet environment. How is this achieved? By enabling users to directly host and share applications with one another, eliminating the need for reliance on major players like Google or Amazon.
In today's increasingly digital world, many aspects of our lives are shifting online. We often rely on major corporations like Google, Amazon, and Microsoft for services such as storage and processing power. However, Holo (HOT) seeks to disrupt this norm. HOT serves as the native token of the Holochain platform, and its primary goal is to challenge the status quo.
What sets Holo apart even more is its unconventional nature. Unlike traditional cryptocurrencies, it doesn't rely on the typical blockchain technology. Instead, it employs a hashing algorithm, resulting in a post-blockchain network. This setup permits users to run and host applications without the need for staking or mining, representing a unique concept in the field.
However, it's important to acknowledge the fluid nature of the market. Updates, developments, and news can all influence Holo's value. Ultimately, Holo's strength lies in its utility – it introduces a novel way to directly share and host applications.
As of now, Holo is priced at 0.0012. The consensus among observers is that its value could potentially soar much higher, reaching 50 cents or beyond. The journey ahead is filled with possibilities for this project.
And the last tiny crypto coins under one penny that could potentially skyrocket in the next bull run is Dent.
Dent is a cryptocurrency founded by Tero Katajainen and developed on Ethereum. Dent attempts to be the best cryptocurrency for mobile data on the platform. The project is an entire ecosystem built on the Ethereum blockchain that plans to create a mobile phone and smartphone user community. The project’s developers pursue this goal so that in the future, they can influence the providers of mobile services to obtain better conditions than they currently have.
Dent is a data exchange platform that was created on the Ethereum blockchain. It has no central entity like other cryptocurrencies, allowing Dent users to purchase mobile data. Users of Dent can also share data of their own accord through a system on the platform. The question being posed is then – does the Dent coin have potential? What would the Dent DEX look like in the next five years? Here is the complete dent coin-price predictions.
Dent is a recent and unique system that aims to develop mobile phones and smartphones. The project creators started to impact mobile services with the token positively.
This step ensures that future services rendered would be in a better situation than currently and why several people are buying Dent to add to their cryptocurrency wallets.
The Dent exchange is the first marketplace powered by blockchain technology to get Telco assets. The Dent marketplace represents a significant innovation, and as a global exchange powered by blockchain, the Dent token is used for every transaction on the crypto market.
The Dent team developed a network that allows users to sell their mobile data packages to other network users. The inspiration for Dent came up after Cisco released a study that disclosed that $32 billion worth of data is purchased, but 15% always seem to remain dormant.
Dent creators aim to provide a network that makes every telecom industry all over the world much more competent and inexpensive at the same time.
As of the writing of this Dent Price Prediction dating August 12, Coinmarketcap ranks the cryptocurrency at number 110 with a market capitalization of $666 million. Over 99.01 billion Dent tokens are in circulation, with an all-time high of $0.1114.
Today, the price is 0.00075. Our prediction is that this could go to 10 cents, if not higher.
And that's all for today's video. Share your thoughts and opinions with us in the comments section below.
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