Top Penny Cryptocurrency to Invest in and Identify- Penny cryptocurrencies, like penny stocks, trade for a few pennies or less than $5 per unit. They are inexpensive to invest in despite being high-risk ventures due to their modest market capitalization. The best penny cryptocurrency to invest in should have the ability to grow in value over time. Otherwise, it’s illogical.
The potential of cryptocurrency is determined by a number of things. It could be the intrinsic worth of the underlying technology or investment, the project’s community and/or staff, or simply hype. In the case of cryptocurrencies, it is possible to obtain coins and tokens whose value is expected to rise over time as a result of their current potential.
Penny Crypto Stocks To Invest In
Based on their present prospective worth, this article examines the best penny cryptocurrencies to invest in.
Here are some tips on how to choose the finest penny cryptocurrency:
- Make your own crypto market research: With so many alternatives, take some time to consider the benefits of each use case, market value, price estimates, and teams.
- Although it is not required, the development team should be skilled in these areas and have experience with crypto and blockchain. A coin must have a huge community.
- Choose a market cap and supply range that you’re interested in: The circulation quantity should be in the region of 10 million to 1 billion coins. A coin’s market cap should be at least $20 million.
- Check to see if it’s available on Coinbase, Bitmex, OKEx, Huobi, and other cryptocurrency exchanges.
- Confirm that the coin has a 24-hour trading volume of at least $1 million.
- Examine the coin’s trading history, market performance, and forecasts for the future. Based on the numbers and your analysis of the statistics, it should be positive.
- You can also employ a cryptocurrency financial counsellor. Some people begin by purchasing a few tokens to test the waters
Recommended Crypto Exchanges
Pionex
The majority of these penny stocks can also be traded on Pionex, which also has a trading bot that can be used to automate trades for free or for a small cost. This allows you to free up a significant amount of time spent trading. Pionex is primarily for individuals who want to trade cryptocurrency using bots.
You have the option of depositing or purchasing the reviewed penny tokens immediately on the exchange. To purchase, create an account, validate it, and make a fiat deposit using a credit card. More than 100 cryptocurrencies are available for spot and futures leveraged trading on the Pionex market.
It is difficult for those who have traded on many exchanges to trade unpopular crypto pairs with margins on multiple exchanges. In this way, Pionex is also useful. When the price of crypto falls, it also allows you to short it with margins.
Features:
- Longs and shorts can be traded both ways in a gaining and losing market. This is in addition to trading on the spot market.
- Automatically swap cryptos.
- Any cryptocurrency, including unpopular tokens, can be exchanged for USD or stable coins.
- Keep track of cryptocurrency standings, including top gainers, losers, and market capitalization.
- Cryptocurrency should be stored and held in a secure digital wallet.
eToro
eToro has a large number of penny tokens available for trading. These assets can be traded for fiat currency and paid for using local payment methods. It is not, however, a penny stock or a cryptocurrency.
During the first half of 2022, the stock is expected to be introduced through a special purpose acquisition company. The deadline for this deal with FinTech Acquisition Corp had been set for December 31, 2021, however it has now been extended to June 30, 2022.
Features:
- With over 20 million members and over 40 financial products, Copy Trading is the largest copy trading platform in the world.
- Trade both crypto and crypto CFDs.
- With over a hundred trading pairs and 120+ cryptos, you can diversify your investments.
- eToro Money Visa card is a debit card issued by eToro.
- Not applicable pricing
CoinSmart
CoinSmart does not have a listed platform token, but it recently announced that it has gone public, meaning that its shares is available for purchase on public stock exchanges. In March 2022, the stock was trading at $0.8400. The exchange has potential, even if it is difficult to assess right now.
It is one of the few crypto trading platforms registered with the Ontario Securities Commission, and it is based in Canada. It is also one of the first crypto exchanges with a global reach to be based in Canada. It now has consumers in more than 40 countries.
Features:
- On spot markets, you can purchase and sell cryptocurrencies. Instantly swap cryptos. Instantly purchase cryptocurrency using credit and debit cards, as well as other means. Sell cryptocurrency for cash using a bank account and receive a deposit the same day.
- Learn how to trade and use cryptos with these educational tools.
- A few advanced orders and advanced graphing.
Crypto.com
CRO, Crypto.com’s in-house or own platform coin, is currently trading at $0.4451 as of March 2022. It has reached a high of $0.9. Given its enormous potential, the penny token is a coin to acquire right now.
Because it is hosted by a possible cryptocurrency exchange, its price has the potential to rise several times in the future. According to crypto.com’s features, such as rapid conversion to currency via the Crypto.com Visa card, margin spot and derivatives trading, lending, and so on.
As of March 2022, it has a circulating supply of $25.26 billion. The total supply of the token is 30.26 billion.
Features:
- Using a bank, you can buy and trade cryptocurrency.
- Cryptocurrency can be used to sell and pay for goods and services.
- Spend cryptocurrency at Visa ATMs and retail merchant locations across the world.
Coinmama
Coinmama is not a cryptocurrency and does not have a token. As a result, it isn’t a penny token. The exchange allows you to trade Bitcoin and other cryptocurrencies using payment options that are readily available in your area. VISA, SEPA, MasterCard, Apple Pay, Google Pay, and Skrill are among them.
The exchange is a good place to go if you want to sell a penny token for cash. If the exchange does not support it, you will have to trade it for Bitcoin first. You may also use the exchange to purchase penny tokens with money using credit or debit cards.
That is, assuming the exchange supports it. Otherwise, you’d have to purchase BTC or another compatible cryptocurrency with a credit or debit card, then use the funds to purchase the penny token on another exchange.
Features:
- By using a bank account, you can exchange cryptocurrency for fiat money. It takes some time, but it is completely free.
- Using a credit card, purchase cryptocurrency instantaneously.
- Reduce cryptocurrency purchase fees or levies based on customer loyalty.
List Of Top Penny Cryptocurrency To Invest In
Here is the list of popular penny cryptocurrencies:
- VeChain (VET)
- Stellar (XLM)
- Basic Attention Token (BAT)
- Chilli (CHZ)
- Zilliqa (ZIL)
- Reserve Rights (RSR)
- REEF Finance (REEF)
- Binance
- Coinbase
- Dogecoin
VeChain (VET)
Best forIoT, supply chains, and logistics investments.
VeChain is a blockchain-as-a-service platform aimed primarily at businesses looking to use the Internet of Things to combat counterfeiting. During commerce, it leverages IoT to track and offer proof of authenticity for goods and services.
Every product is identified by a unique code that allows for tracking on the blockchain, allowing a merchant or consumer to learn where, when, and how the product was made, as well as other details about the manufacturing process. Clients can also use the system to track products in transit so that they know where they’re going during shipping, for example.
Given its use case in the enormous supply and logistics business, it is a good penny stock to invest in.
Features:
- Individuals, government entities, non-profits, businesses, and even corporations can be stakeholders with voting authority. Three-level master nodes are run by these.
- Vtho and VET are two tokens that are utilised as a store of value, smart currency, and for paying network gas.
- The cost is $0.1325.
Stellar (XLM)
For logistics and supply chain investments, this is the best option.
The logistics, remittance, and borderless money transfer industries have all identified broad use cases for Stellar Lumens and its currency XLM. Assets may be transferred securely, quickly, and reliably around the world using the platform.
Anyone can produce, send, and trade representations of any form of money on it, using Lumens as the exchange token. This includes dollars, pesos, euros, Bitcoins, and anything else.
The cryptocurrency serves as a low-cost, instant cross-border payment option, while the platform allows anyone to issue tokens via ICOs or token fundraising, just like Ethereum.
If you want to invest in tiny cryptocurrencies, search for ones that have real-world uses, such as Stellar, because their value grows over time.
Many companies have used the Stellar network and XLM coins since their launch. Mobius Network, SureRemit, and Smartland are a few examples. Hundreds of solutions in a variety of industries have already used it. It is for this reason that the token has grown in value and is a good penny stock to purchase.
Features:
- Low costs and payments that take only 2-5 seconds. The cost of changing one currency for another is only $0.00006 per transaction.
- It is decentralised, low latency, and scalable, and it uses a proof of stake method to save energy.
- It has a transaction rate of 1,000 to 5,000 transactions per second, which is far quicker than Ethereum and Bitcoin.
- The cost is $0.3827.
Basic Attention Token (BAT)
Advertisers and publishers will benefit the most from their investments.
The Basic Attention Token, or BAT, is a cryptocurrency based on the Ethereum blockchain that touts itself as a cost-effective way to advertise online. Brendan Eich, a co-founder of Mozilla Firefox and developer of the JavaScript programming language, created it as a platform token for the Brave browser.
It aids in the distribution of ad revenues among advertisers, publishers, and readers. When using the Brave browser, readers can get compensated for watching commercials while without having their privacy invaded by intrusive adverts. Publishers of content can also charge for advertising and publication.
In February, the browser surpassed 25 million monthly active users, and while there is less buzz about the use of such platforms for publication, its popularity indicates that it is still a viable option.
Features:
- Brave is a web browser that runs on Windows, Mac OS X, and Linux.
- On exchanges, BAT tokens can be acquired.
- The cost is $0.8594.
Chilliz (CHZ)
Investors in gaming platforms and non-financial companies will benefit the most.
Chilliz is a blockchain platform that consists of two additional platforms: socios.com and tokens. Socios.com is a team crowd management software that allows people to cheer on their favourite teams while also assisting in decision-making. For example, supporters can vote on t-shirt designs, training ground names, and other topics.
These team supporters can also vote or exchange value using the platform’s fan tokens. The tokens also serve as loyalty cards, allowing users to receive discounts on items and exclusive events.
Token ownership entitles users to savings when purchasing items, receiving awards, and interacting with the APP. Fan Tokens, CHZ, Locker Tokens, and NFTs are among the tokens supported on the site.
Juventus, FC Barcelona, Atletico Madrid, AC Milan, and PSG are all partners with the firm. More partnerships could boost its value, which is one of the reasons why it’s a good penny token to invest in.
This is in addition to the vastness of the sporting globe. It is anticipated to sign new deals with the NFL and NBA in the United States.
Features:
- Chiliz may be purchased with Visa, Mastercard, SKRIL, and Rapid as a fiat onramp into crypto.
- Selling fan tokens – The Socios app has a trading feature where fans may trade fan tokens.
- Owners of Chilliz tokens can trade or invest them on the Chilliz exchange. USDT and BTC are also supported on the platform.
- The price of a single Basic Attention Token is $0.8601.
Zilliqa
Long-term investors and holders will benefit the most.
The Singapore-based company Zilliqa employs sharding as a scaling technique to increase the number of transactions per second. To prevent a node from manipulating a block, each shard is limited to 600 nodes.
Academics, technologists, and entrepreneurs established the blockchain at the National University of Singapore. Although the limit is ideally endless because it depends on the number of nodes, which might be indefinite, it was claimed in 2019 to be capable of supporting 2,828 transactions per second.
There are numerous reasons why this penny stock could be an excellent investment this year. Out of the whole 21 billion maximum supply restrictions, 14.9 billion units are now in circulation. This is a powerful team of academics from the National University of Singapore.
Features:
- On the platform, the Zil token is employed as a governance token.
- Users can trade assets on ZilSwap, a trading and liquidity platform.
- Transaction costs are low.
- Combining proof of work with the Byzantine Fault Tolerance Protocol reduces energy consumption.
- The cost is $0.1139.
Reserve Rights (RSR)
Investors in high-inflation areas will benefit the most.
Reserve Rights reduces the volatility of stored value by employing a USD-pegged stable coin, the RSV, at a 1:1 ratio, albeit the stable currency is itself reinforced by other digital assets on the platform.
The system, which is based on the Ethereum blockchain, allows numerous fiat networks to operate independently. The protocol keeps the token steady by repurchasing it if its value falls below that of the dollar, and by selling it to arbitragers to reduce demand if its value rises above that of the dollar.
The company hopes to create a dollar-pegged coin that can be used across platforms by collaborating with financial institutions. Users can cut cross-border transaction expenses and pain points this way. Similar to Tether, RSV storage is centralised and backed by US dollars kept in trust by a third party.
They also have the Reserve Rights Token, which is an ecosystem-wide unpegged token. It is utilised for governance and to keep the RSV stable. It’s also used to recapitalize the network if the RSV’s reserve vault can’t fully collateralize the RSV. To put it another way, it’s utilised to rebalance the RSV’s value.
Features:
- On the platform, there is a Fiat-RSV exchange. Users can use a bank, Paypal, or Zelle to deposit and withdraw money.
- A mobile app that is already being used in Venezuela could be employed in other nations that are experiencing similar inflation concerns.
- The cost is $0.05183.
REEF Finance (REEF)
Long-term investors and holders will benefit the most.
Reef acts as a unifying force for all blockchains, resolving issues such as DeFi users needing to transfer their orders across numerous platforms due to limited liquidity on each of them.
Reef allows users to seamlessly stake, acquire, farm, and manage their digital assets. It began in 2019 and will be launched in September 2020 on the Polkadot blockchain. In 2020, it was included to the Binance Launchpool, allowing it to be used on the Binance Smart Chain.
On the Polkadot blockchain, it is a DeFi protocol. It works as a liquidity aggregator and a yield engine for multiple chains. Users can use any DeFi service available on any of the various platforms supported by Reef without having to create separate accounts for each one.
Smart contracts, for example, allow users to access decentralised exchanges and associated services. The platform can be used by crypto traders and platforms who want to gain access to or provide their users access to large liquidity.
Its use cases, which include interoperability with DeFi on both the Polkadot and Ethereum blockchains, make it a good penny stock. Polkadot’s Relay Chain technology is used to enable cross-blockchain interoperability.
Features:
- Because it is based on Polkadot, it has a high transaction rate. Users are not subjected to exorbitant transaction costs.
- Some DeFi platforms have cross-links.
- Management function powered by AI.
- The cost is $0.02507.
Binance
Long-term investors and holders will benefit the most.
Binance began as a centralised cryptocurrency exchange in 2017 and has since grown to be the largest cryptocurrency exchange in terms of daily trading volume.
Today, the company also administers the Binance Chain blockchain, which hosts a variety of projects and apps. Binance DEX, a decentralised exchange application for Binance, is supported by Binance Chain.
It has a token called BNB, which is used to pay for gas fees and facilitate the exchange of token values on both centralised and decentralised exchanges. In less than two years, the token’s value has risen from near zero to more than $300 in July 2021.
The exchange and the blockchain itself support the token’s value. The token’s value rises by the day because Binance buys back tokens from circulation every quarter, increasing demand.
Features:
- Users can stake BNB to gain block rewards on the Binance Chain. It facilitates the exchange of tokens. Applications are also supported by the chain. Token swapping is possible thanks to a decentralised exchange on the blockchain.
- Trading, new token listings, and staking are all available on the Binance exchange.
- $495.10 for a Binance coin.
Coinbase
It’s ideal for both institutions and individual traders and investors.
By trade volume, Coinbase is one of the largest centralised exchanges. It has been in operation since 2012, and its custodian services allow individuals, groups, and institutions to use cryptocurrencies and digital assets.
The platform now allows users to purchase and sell crypto for fiat, in addition to crypto-to-crypto exchange. PayPal, ACH, bank wire, credit and debit cards are all examples.
Coinbase, like Binance, has hundreds of cryptocurrencies and tokens available to trade. It is properly regulated as well. The UI is simple to use, despite the exorbitant fees and the fact that users do not have control over their wallet keys. It’s also extremely liquid.
It’s a fantastic penny cryptocurrency stock to invest in because it’s now listed on the Nasdaq stock exchange through an initial public offering, which means anyone can acquire its shares. It does not rely on Wall Street investment banks to fix the price of the stock as underwriters.
Features:
- Apps for iOS and Android are available.
- Staking – including institutional staking, saving, and dollar-cost-averaging investment – is encouraged.
- Through an initial public offering (IPO), the stock was listed on the Nasdaq.
- The cost is $257.32.
Dogecoin
Long-term investors and holders will benefit the most.
Dogecoin is known as the king of meme currencies. It was created as a fork of Litecoin, which was itself a fork of Bitcoin. Its name comes from the Shiba Inu dog breed from Japan. It employs the same proof-of-work mining algorithm as Bitcoin.
Dogecoin outperformed Bitcoin by lowering the confirmation time for each block to one minute. Aside from its popularity as a tipping coin, it is also utilised as a payment token on a variety of platforms. In fact, it rose to prominence as a free tipping cryptocurrency before making its way into the mainstream.
It is now one of the most popular penny tokens and cryptos to invest in, thanks to its growing community, adoption as a payment token by well-known corporations such as Tesla, and the possibility of expanded use cases, as recently stated.
It has witnessed a lot of value increases in 2021 as a result of support from significant people and companies, and this trend is expected to continue in 2022.
Features:
- There is no limit to how many tokens can be created.
- The cost is $257.32.
Conclusion
Binance and Coinbase, according to our list, have been thoroughly tested and are good fractional penny cryptocurrencies to consider if you’re seeking for fractional shares or cryptocurrency.
VeChain, Stellar, Basic Attention Token, Chilliz, Dogecoin, and Zilliqa, on the other hand, are currently valued at less than a dollar, have enormous potential, and are thus ideal for new investors.
