Top Penny Cryptocurrencies to Top 2019 by Coin Market Cap: XRP, TRON, Stellar, Cardano, & IOTA

Before investors understand the role that penny cryptocurrencies play in the crypto industry, it is important to understand what they are. The definition is fairly straightforward, considering that they are categorized as any cryptocurrency that doesn’t trade for a dollar or more. Based on the current information on CoinMarketCap, the top 5 of these types of crypto assets are presently XRP, TRX, XLM, ADA, and MIOTA, based on their current market capitalization.

Read on below to learn more information about each one of them.


Ripple was originally launched in 2004 when it was first named Opencoin. Their goal, at the time, was to work on a monetary system that would essentially fix the problems in the current system today. XRP is the token of the now-Ripple network, holding 60% of the total supply of the token presently.

Consumers appreciate the high security and impressive speed of transactions, which take seconds, and their blockchain is almost as fast. Each transaction costs under a penny to perform, and their platform has developed three other products to go along with their network – xCurrent, xRapid, and xVia.

Many companies around the world already trust Ripple, like Western Union, Bank of England, American Express, and BBVA. Overall, Ripple aims to create a more efficient payment system than SWIFT, which is the system presently in effect.


The TRON network was developed by Justin Sun, which offers the TRX toke. Sun previously represented Ripple in China, but his work now is focused on the expansion of the market, in terms of digital content. It offers a decentralized platform that allows digital media content creators to own their work, which means that middlemen like Google’s Play Store or Apple’s App Store.

Rather than mining, the rewards for Tron are developed with the creation of content. Their plan is long-term, taking on six development phases that will conclude in 2023 with the launch of Eternity.

Stellar Lumens (XLM)

Stellar offers a network that provides fast transactions and small costs. They want to bring financial access to parts of the world that do not have the luxury of banking services for everyone. It is one of the newer networks on the list, having only been developed in 2014 by Ripple’s co-founder, Jed McCaleb, and Joyce Kim.

The main point of the XLM token is to allow it to be converted against other currencies. They are partnered with Blook Solutions (Philippines), ICICI Bank (India), and Cellulant (Africa). Though it is pretty close to the way Ripple benefits consumers, it comes from a non-profit organization that offers decentralization. It also does not target the banking sector.

Cardano (ADA)

Cardano is a lot like Ethereum, in that they offer a secure smart contract. It was founded by Jeremy Wood and Charles Hoskinson, and it uses Haskell for their programming language. There are two developmental layers, showing the account values on the ledger and the purpose of transferring them.

To determine fees, the algorithm processes a particular equation.


IOTA was developed by David Sonstebo in 2015, and it has a fixed supply of coins in the same way that Bitcoin does. When it was created, it was with the intention of improving efficiency for the Internet of Things (IoT). Along with improvements in security and speed, the team helps with the movement of data and a stronger connection to do so.

Rather than being hosted on a blockchain-based system, they use Tangle. Tangle is an interlinked system that involves multiple chains, ensuring that transactions come with no fee. Still, they cannot support smart contracts, based on the lack of computational power to help it.

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