7 Best Penny Cryptocurrencies To Invest in 2022

Everyone is looking for an investment that can help them expand their wealth and generate an income source while they are asleep. As a result, people are continuously looking for investments that might provide big returns in a short period of time. And, as we all know, after the introduction of cryptocurrencies and the meteoric rise of Bitcoin, Ethereum, and other cryptocurrencies, many individuals began to utilise them more frequently. There are hundreds or thousands of transactions available on the market, but one cryptocurrency known as the penny cryptocurrency delivers the highest return.

What is a Penny Cryptocurrency?

As the names suggest, it is a virtual currency that can be purchased for less than $1. These are among the cheapest digital coins available for a few pennies and are quite comparable to penny stocks. However, one of the greatest perks of investing in them is the return they can get. The penny cryptocurrency has a very high-profit potential.

The Penny cryptocurrency is considered one of the best investment alternatives available across the entire market with 4 categories: 

●        Stablecoin

●        Mining-based cryptocurrency

●        Utility token

●        Security token

Why should you keep your money in penny cryptocurrencies?

Just because penny cryptocurrencies are cheap doesn't mean you should invest in them since it's not a huge deal, but there are a few additional reasons that make it an appealing and sound investment option. Some of these elements are:

• High-Risk Profit Ratio: Because many of these penny cryptocurrencies are undervalued and the potential of blockchain technology is anticipated to be greater, the price of penny cryptocurrencies is expected to surge in the near future.
• Passive Income: Many investors believe that the finest dividend investing begins at $1.
• Investing Type: If you want to make consistent gains in tiny cryptocurrencies, diversifying your portfolio will assist. For instance, suppose one of your investments is in loss, and the other can compensate for that loss

What penny cryptocurrency should you consider investing in?

Choosing which penny cryptocurrency to buy is a critical decision because one error may turn your entire profit into a loss, thus there are numerous aspects to consider when investing in any cryptocurrency. Consider the following: 

1. Always invest in cryptocurrencies with 10 million to 1 billion coins in circulation.
2. You must ensure that your penny coin is listed on a top penny cryptocurrency exchange such as MXC, BitMex, and others.
3. Ensure that 25% of the entire supply has already been mined.
4. When purchasing penny cryptocurrencies, always check the major cryptocurrency exchanges to ensure that they have gained 50% or more in the recent 10 days.

7 Best Penny Cryptocurrencies to Make Huge Profits in 2022

1. Dogecoin

DOGE, like any other asset, is valued by the market based on supply and demand. Given the enormous and expanding supply, demand would have to skyrocket to reach recent levels.

This occurred in the first few months of 2021, when prices increased by around 7,000 per cent, thanks to a mix of retail investors on Reddit (particularly the wallstreetbets subreddit that triggered the "meme stock" mania) and the broader crypto bubble. And months after Tesla CEO Elon Musk's allegedly joking comment on Saturday Night Live in May 2021.

The rapidly rising DOGE price in 2021 drew a lot of media attention (and social media posts) at one point, triggering a cycle that draws additional investors and drives the price even higher.

When an asset sees such an enormous surge, FOMO (or "fear of missing out") attracts a flood of new traders. However, DOGE remains a highly volatile cryptocurrency, and there is no certainty that it will climb or fall in the future, as with any investment.

2. Ripple (XRP)

Without a question, they are one of the most profitable cryptocurrencies on the market at the moment. It was introduced to the market in 2012 as OpenCoin. The current market price is $0.836 and it was $3.5 in January 2018.

3. Raven Coin (RVN)

It is one of the most recent coins to be released in 2018. Ravencoin has grown in popularity as a result of its low technology price paired with Shiba Inu's best principles. It is one of the world's top 50 cryptocurrencies, with a peak of $0.50 in April 2019.

4. Litecoin (LTC)

Looking ahead to 2022, Litecoin is also collaborating with VISA to create a virtual Litecoin card that can be converted for immediate use at retailers. If this project succeeds, it will result in a larger base of Litecoin buyers and users. While the technique for increasing coin demand is still limited to 84,000,000 LTC, this is something to keep an eye on for Litecoin in 2022.

5. Stellar Lumens (XML)

Stellar is one of the finest penny cryptocurrencies in 2022, with approximately $531 million in daily transactions. Furthermore, Stellar is one of the top 13 cryptocurrencies in the world. The Stellar Foundation, a non-profit corporation founded in 2014, owns the Stellar cryptocurrency.

6. Basic Attention Token (BAT)

BAT is the 34th largest company in the world by market capitalization. It is one of the greatest penny cryptocurrencies of 2022 and may be invested in when offering some of the most incredible ideas in the global cryptocurrency industry. The nicest thing about them is that they are extremely responsive to criticism and constantly enhance the platform on a daily basis.

7. Cardano(ADA) 

Cardano is one of the fastest and most adaptable penny cryptocurrencies available today, which is why it is ranked first in the world. The current price is $1.54 due to the most recent endeavour to develop smart contracts. The nicest feature is that transaction fee are really inexpensive.