Why are penny cryptos Stellar and VeChain hogging the limelight?

While the top cryptocurrencies like Bitcoin and Ethereum are obvious choices for beginner investors, there are many others who look for cheaper alternatives that carry growth potential.

There are numerous hidden gems that are inexpensive, available for pennies and are equipped with massive growth potential too. It is pointed out that those cryptos which can be bought for less than $1 are called penny cryptocurrencies.

So, here in this article, we will look at the two penny cryptos, namely, Stellar and VeChain, that have potential to generate huge returns in the future.

Source: © Evgenyd | Megapixl.com

Stellar

Stellar’s open network allows money to be moved and stored, thereby helping various financial businesses connect with one another via blockchain technology.

Do Read: Why is Stellar (XLM) crypto rising?

Currently, the crypto is trading at US$0.2361, and its native token is called lumens, which is traded under the symbol of XLM on various crypto exchanges. There are over 24 billion XLM coins in circulation, while the maximum supply is capped at 50 billion XLM coins.

The network, which is secured using the Stellar Consensus Protocol, boasts extremely low transaction costs and is also energy conserving.

The crypto can be traded on all the major crypto exchanges across the globe, like Binance, Kraken, Coinbase, Huobi, Upbit, etc.

Also Read: All you need to know about VeChain (VET) crypto and its price

VeChain

Another crypto that is extremely low priced is VeChain, trading at US$0.0804. The crypto has two in-house tokens, VET and VTHO. Currently, there are nearly 64 billion VET coins in circulation, and the maximum supply is 86.7 billion coins.

It is a blockchain-based supply chain platform focusing on developing an ecosystem that solves major data hurdles associated with supply chain management and makes use of DLT to smoothen the data flow for complicated supply chains.

Binance and Huobi Global are some of the major crypto exchanges where this crypto can be bought and sold.

Related Read: 10 best penny cryptos to watch in 2022

Bottom Line

One must carefully analyse and conduct in-depth research of penny cryptos if interested in investing in them, for the crypto market is volatile and involve huge risks.

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