Best Penny Cryptocurrency To Invest in 2022

Penny cryptocurrency has similarities with penny stocks. You can trade them for a few pennies or less than $5 per unit. Even though it is a high-risk investment, they are still cheap to invest in. The main reason is their small market capitalization. But investing in them should be executed by following thorough research. It is best to invest in cryptocurrencies that have the potential for value increment over time. And here, we will be discussing the Best Penny Cryptocurrency To Invest in 2022.

The potential of crypto depends on many factors. The value depends on the underlying tech, investment, community, or hype. Some cryptocurrencies have good value over time due to their current potential.

How can you select the best penny cryptocurrency?

• Do thorough research before you start investing in the crypto market.

• Target a specific market cap as well as a supply range.

• Verify if it is listed on Bitmex, OKEx, Huobi, Coinbase, and other crypto exchanges.

• Verify if the coin has a 24-hour volume trade of less than $1 million.

Also, before selecting cryptocurrency, you should know – How to Identify Fake Cryptocurrency?

Frequently Asked Question

1. Which penny cryptocurrency is safe to invest in?

There are many cryptocurrencies where you can invest your money. But the best way is to find the right crypto or token, which will, over time, increase in value. Check whether the currency you invest in has the potential for short-term or long-term.

2. Which is the best coin to invest in?

Investing in the best coin depends on the value it will generate for you. This is applicable for either the short term or the long term. Be sure to check your own investment goals before evaluating penny crypto.

3. Which is the cheapest crypto to invest in?

VeChain, Stellar, REEF, Dogecoin, and Chilliz are some of the cheapest cryptocurrencies you can invest in. These cryptocurrencies have huge potential to grow and generate huge future incomes.

Best Penny Cryptocurrency To Invest in 2022

The cryptocurrencies we will be discussing have a high potential to provide a high return in the future. These are mentioned below-

1. Steller (Also known as XLM)

It is used mainly for logistics and supply chain investments.

This platform allows for assets to be transferred globally quickly, securely, and reliably. Using the Lumens as the exchange token, you can create, send and trade representations of any form of money such as dollars, euros, Bitcoins, etc.

Important Features –

• It has low fees and quick payments that can be done within 2-5 seconds.

• Due to its stake algorithm, decentralization, scalable and low latency, it is energy-conserving.

• The transaction limit is around 1000 to 5000. This is faster compared to Bitcoin and Ethereum.

Current price- $0.2513

Website link– Stellar – An open network for money

2. VeChain( Also known as VET)

It is best for supply chains, logistic investments, and IoT

VeChain is a block-as-a-service platform mostly for enterprises that want to leverage the power of the internet of things to prevent counterfeiting. For providing proof of authentication for goods and services during trading, it uses IoT.

This cryptocurrency is a valuable penny stock to invest in, mainly because of its use in the vast supply and logistics industry.

Important features-

• The two tokens, Vtho and VET, are smart currencies used as a store value.

• It is run on three-level master nodes.

Current price- $0.129722

Website link- VeChain Thor Blockchain ｜ Public Blockchain for Business Mass Adoption

4. Chiliz ( Also known as CHZ)

It is best for investors in gaming platforms and NFTs.

Chiliz is a blockchain platform comprising two other platforms, which are socios.com and the tokens. On Socios.com, users support their team while aiding decision-making for their favorite team.

The team fans can use the tokens on the platform to vote or trade value.

Key Features-

• It allows users to buy Chiliz with Visa, SKRILL, Rapid, and Mastercard.

• It has an app named Socios app that lets fans trade fan tokens.

• This platform supports BTC and USDT

Current Price – $0.46

Website link- Chiliz $CHZ – the world’s leading blockchain fintech provider for sports & entertainment.

5. Zilliqa (Also Known as ZIL)

It is best for long-term holders and investors.

To lift the limits on the number of transactions per second, Zilliqa uses sharding as a scaling solution. Each shad is restricted to 600 nodes to prevent a node from manipulating a block.

This cryptocurrency has the potential to be a good penny stock to invest in this year.

Key Features-

•  It is used as a governance token in the platform.

• It has a low transaction cost.

• Energy consumption is reduced by combining proof of work with the Byzantine Fault Tolerance Protocol.

Current Price – $0.088675

Website link- Zilliqa

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6. Reserve Rights (Also known as RSR)

It is best for investors in high-inflation areas.

Reserve Rights is built on the Ethereum blockchain. It facilitates multiple fiat networks to operate autonomously. The protocol they use keeps the token stable by repurchasing the token when it becomes less valuable to the dollar. Also, arbitrageurs sell it to decrease demand when it becomes more valuable than the dollar.

Key Features-

• It has a Fiat-RSV exchange on the platform. Users can cash in and out using any bank, Paypal, or Zelle.

• The mobile app is widely used in Venezuela and can also be used in other countries having similar inflation problems.

Current Price – $0.033375

Website link- Home – Reserve

7. Basic Attention Token (Also known as BAT)

It is best for publishers’ investment and advertisers.

This cryptocurrency is based on the Ethereum Blockchain and promotes itself as an efficient digital advertising method. BAT helps to distribute ad revenues amongst advertisers, readers, and content publishers.

Readers can get paid for watching those ads using Brave browser while not violating their privacy with annoying ads.

Key Features-

• Brave browser is available for Windows, Linus platform, and macOS.

• It is possible to purchase BAT tokens on exchanges.

Current Price- $0.9803

Website link- Basic Attention Token

8. REEF FInance (Also known as REEF)

It is widely used for long-term investors and holders.

REEF is a uniting factor for all blockchains, which helps to solve difficulties like Decentralized finance (DeFi) users needing to move to multiple platforms to complete their orders because of low liquidity on each of them. It follows the DeFi protocol that runs on the Polkadot blockchain

Key Features-

• Since it is based on Polkadot, it has a fast transaction rate. This benefits the user by not encountering massive transactional fees.

• It has cross-linkage with some DeFi platforms.

• Contains an AI-driven Management function.

Current Price – $0.019988

Website link- Reef | Home

9. Dogecoin

It is quite popular for long-term holders and investors. Its name came from the Japanese dog breed Shiba Inu. Its proof of work mining algorithm is the same as Bitcoin. Besides its popularity as a tipping coin, it is also used as a payment token on many other platforms. It gained its popularity through the major hype in the community.

Key Features-

• There is no limit on the number of tokens that can be minted from.

Price: $257.32.

Website link– Dogecoin

10. Coinbase

It is best for institutions, investors, and individual traders as well.

By trading volumes, Coinbase is one of the largest centralized exchanges.

Not only does it enable crypto-to-crypto exchanging but it also lets the users buy and sell crypto for fiat. The interface of Coinbase is easy to use and also highly liquid.

Another benefit of using Coinbase is that it allows bank wire, credit, PayPal, ACH, and debit cards. Know more about coinbase in other article which is about – Best Cryptocurrency Exchange.

Key Features-

• It is supported in iOS and Android mobile apps.

• The stocks are listed on Nasdaq through IPO.

• it supports staking, which includes dollar-cost averaging investment, institutional staking, and saving

Current Price- $257.32

Website link- Coinbase – Buy & Sell Bitcoin, Ethereum, and more with trust

How can I recover my stolen cryptos online?

If your crypto wallet is stolen then rest assured there is a way to recover it. Brokercomplaintalert.com Is one of the best sites where certified blockchain experts will recover the stolen crypto for you for a fee. You can contact them directly and all the information you share will be strictly confidential.

Want to know How the recovery system works? There read my article – Bitcoin & Cryptocurrency Scams – Get Your Money Back!

Conclusion

From the above list, Binance and Coinbase are pretty reliable and good fractional penny cryptocurrencies if you’re looking for fractional shares or cryptocurrencies. Even though Basic Attention Token, Stellar, VeChain, Dogecoin, Chilliz, and Zilliqa are valued at under a dollar, these have high potential and are good options for beginner investors to start with.

Hopefully, this article gives you a good idea of the best penny cryptocurrency to invest in 2022.