Virtual currencies have emerged as aglobal phenomenon with the advent of increasing global internet connectivity. Currently, there are over thousands of cryptocurrencies with top performing coins such as bitcoin retailing at $4084.18 and under penny cryptocurrencies such as
ravencoin retailing at $0.060209.
Launched in January 2018 and currently retailing as a penny cryptocurrency at $0.042508, peak ravencoin realized a peak price of $0.060209 on March 28, 2018. Ravencoin currently attracts the interest of overstock companies and bitcoin investors with a maximum supply of 21 billion with 3 billion already circulating. Ravencoin is a penny cryptocurrency that guarantees a faster block reward period. Ravencoin is designed to ensure efficiency in peer-to-peer (P2P) asset transfer by ensuring increased privacy, censorship resistance, and user control. Unlike other asset transfer block chains such as Ethereum and Bitcoin, Ravencoin supports tokenized asset transfers. The unique feature of the ravencoin’s blockchain technology is the ability to review the owners of the different cryptocurrencies.
Dogecoin is loosely referred to as “internet or joke currency” and ranks 27th in the cryptocurrency market. Dogecoin is a decentralized cryptocurrency designed to facilitate open source P2P digital currency transfer. Currently trading at $0.0021, the sub-penny cryptocurrency dogecoin has its supply capped at 118 billion DOGE, which is entirely circulating in the market. Since Dogecoin introduction in the market in 2013, the cryptocurrency has been characterized by both a bearish and bullish market that has subsequently earned the currency reputation. The
inflationary feature of dogecoin differentiates it from other major cryptocurrencies that are mainly deflationary, implying that it solves the challenge of currency hoarding common with deflationary coins.
Qlink one of a kind currency worldwide that was introduced in 2017 and designed to redefine mobile networks. The currency is currently retailing at $0.039104 which is a sub penny cryptocurrency and reporting gain in the market. Qlink has a market capitalization of $9.25Million with 240 million GCL trading in the market. Qlink seeks to lower the price of overrated mobile network services by reducing the telecom infrastructure cost and rewarding the utilization of underutilized network assets. The deployment of the blockchain technology facilities the sale of spare data by mobile phone users from various mobile carriers.
Decentraland is an Ethereum blockchain-based virtual reality platform that enables the users to purchase, creation, publication and monetization of apps and contents. The platform guarantees the user’s ownership rights in the Ethereum blockchain. Decentraland currently retails art $0.05818, with a total market supply of 2.6billion and a circulating supply of 1 billion. Decentraland is a virtual 3D interactive platform that offers the users an opportunity to buy a limited unit of land monetized through decentralized and tokenized apps or games. Since the tokens are operated in a
public blockchain, it enables worldwide access of the platform accounting as the first digital platform completely owned by its users.
The penny cryptocurrency Cardano is an open source and decentralized public computing program evolved from peer-reviewed academic research and scientific philosophy approach. The currency currently trades at $0.0547, which is an under penny cryptocurrency, with a circulating supply of 25.9 Billion and a market capitalization of $14B. The currency is credited for its an energy cost reduction in validating transaction as it’s based on Ouroboros which is arguably the first secure algorithm. Through its layered architecture, Cardano offers a secure and scalable smart contract platform.