Top 5 Penny Cryptocurrencies To Invest In 2022

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  1. Top 5 Penny Cryptocurrencies To Invest In 2022 - ActualSimple
  2. Top 5 Penny Cryptocurrencies To Invest In 2022 - ActualSimple
  3. Top 5 Penny Cryptocurrencies To Invest In 2022 - ActualSimple
  4. Top 5 Penny Cryptocurrencies To Invest In 2022 - ActualSimple
Top 5 Penny Cryptocurrencies To Invest In 2022
Top 5 Penny Cryptocurrencies To Invest In 2022

Just like penny stocks, we also have penny cryptocurrencies available for investing. You can invest in such coins with less than a dollar. The volatility of these coins will depend on a lot of factors. It includes market trends, investments, underlying tech stack, or even a hype by some influencer. These penny coins are cheap to invest in but may invite risks if not analyzed properly. Let us understand the basics of penny cryptocurrencies and the top 5 cryptocurrencies to invest in 2022.

TABLE OF CONTENTS​

1. What is a Penny Cryptocurrency
2.
How to Select which Penny Cryptocurrency To Invest In
3.
Top 5 Penny Cryptocurrencies to Invest in 2022

1. What Is A Penny Cryptocurrency

A penny cryptocurrency is a crypto coin that you can invest in with under $1 amount. They are like penny stocks in terms of risks, volatility, market manipulation. However, they still attract a lot of investors as they are cheap. A penny crypto coin will also help you diversify your crypto portfolio.

2. How To Select Which Penny Cryptocurrency To Invest In

When we talk about selecting a particular crypto coin to invest in, there are many factors that you can consider. Here we list a few basic pointers you can keep in mind before investing.

  • Choose penny coins that have at least a market cap of 25 million.
  • Are available on popular cryptocurrency exchanges.
  • Reports on their updates and investments.
  • At least 30% of the supply limit coins are already mined.

Apart from that, we suggest you thoroughly do a technical analysis of all coins you wish to invest in. It will ensure that you are away from silly investment mistakes and the risk you take is actually a calculated risk!

3. Top 5 Penny Cryptocurrencies To Invest In 2022

Let us see the top 5 penny cryptocurrencies you can have a look at while investing.

i. VeChain (VET)

VeChain is a blockchain platform that provides a decentralized service for logistics, supply chain management, and business processes. Let me tell you a simple yet great fact about it. It had a 5000% increase in the year 2020–2021. This can be a good investment considering the rampant applications of their platform in various domains. Also, apart from the VeChain token, VeChain is launching its own stablecoin as VeUSD as well.

ii. Tether (USDT)

The coin USDT under Tether is one of the most stable and valued cryptocurrencies. Unlike other crypto coins, it is more stable and less volatile.
One more reason investors choose this is that it is a stablecoin. It maintains a ratio of 1:1 with the US Dollar. However, it does not allow to transact and exchange the USDT for US dollars. For some investors, it may not be a good long-term investment as it is pegged to the US dollar. But there are many lending platforms, wallets, and exchanges that pay good interest rates if you store your holdings on their platforms.

iii. Stellar (XLM)

It’s a payment protocol blockchain platform that is developed for digital currency to fiat currency transactions. It is an open-source and community-owned platform. It allows cross-border transactions and that too at a minimal transaction cost. XLM is used by many companies with their applications. It is faster as compared to Bitcoin and Ethereum. Moreover, the transaction fee is quite less. Stellar’s Network is being partnered with Deloitte, International Business Machines, TransferTo, and Flutterwave for decentralized software solutions.

iv. Chiliz (CHZ)

Chiliz is one of the blockchains for esports and gaming crowdfunding. Its trends were bearish in the year 2022–2021. However, experts say it can observe a bullish trend in the coming years. Moreover, the application of CHZ in their own built Socios.com widely contributes to its investment value. Socio is a sports engagement platform. The company is in partnership with Juventus, FC Barcelona, Atletico Madrid, AC Milan, and more. Surprisingly, more partnerships are on the way that would help scale this coin in the coming years.

v. Basic Attention Token (BAT)

This coin is a blockchain-based solution for the domain of digital advertising. It allows us to distribute ad revenue in the advertising ecosystem that includes publishers, advertisers, and ad networks. The most promising idea behind investing in BAT is that it is diversifying the advertising industry. It provides us with a real use case ensuring a good investment opportunity.

We write about the crypto world in a simple and lucid manner. For more such content and in-depth articles, you can give us a visit at “ActualSimple.com”.