You’ve heard Crypto is making Billionaire and you want to invest too. Good, here is a guide to the best penny cryptocurrency to invest in 2022.
The world of cryptocurrency is confusing and can be difficult to navigate. There are over 1200 cryptocurrencies which can make it difficult to know where to start with investing.
This article will discuss the best penny cryptocurrency to invest in 2022, as well as some of my personal favorites.
Penny cryptocurrencies are exploding in popularity right now. Demand has never been greater, and with it comes an influx of new investors. One of the most common questions they have when coming into the game is: Which coins are the best to invest in?
Make no mistake, investing in cryptocurrencies is a big deal. In fact, by the end of 2018, nearly 3% of the population believed that these currencies represented their best investment opportunity worldwide.
Cryptocurrency is the next big thing in finance, and it’s a great time to start investing. Before you jump into the world of cryptocurrency, you should make sure you have some basic knowledge of the subject.
It is important that before you invest any amount in bitcoin or other cryptocurrencies, you should be familiar with all its aspects. You should know its history and current trends.
It can bring in front some good profits but can also lead to very bad loss if you are not careful at all times.
Now, lets guide ourselves with these outlines:
- What is a penny cryptocurrency?
- How to buy penny cryptocurrencies?
- The best penny cryptocurrencies to invest in 2022
Lets look at what all these outlines hold for us in searching for the best penny cryptocurrency to invest in 2022.
What is a Penny Cryptocurrency?
Before we talk about the best penny cryptocurrency to invest in 2022, lets first of all, explain what penny cryptocurrencies mean.
A penny cryptocurrency is one that’s under $1.
By “penny,” we don’t mean that it costs 1 cent. We mean that its value is less than $1 per coin.
Penny cryptocurrencies can be hard to find among the thousands of coins on the market. But if you know where to look, you can find a selection of low-market cap and low-priced cryptos with potential for growth.
The market has become flooded with cryptocurrencies over the past few years, and many of them are valued at very low prices. Some of them are expected to rise in value in the future, while others may never be worth more than a fraction of a cent.
well-established currencies like Bitcoin and Ethereum, penny cryptocurrencies are not commonly traded or used. The market for these currencies is very small, so it can be hard to sell them on an exchange.
And even if you do manage to sell them, you’ll probably have to pay a fee to do so — which could negate any profit you might have made from the sale. If you’ve got your eye on a particular currency and want to hold onto it for the long-term, this probably isn’t an issue for you.
In the early days of Bitcoin, it was possible to buy thousands of Bitcoins for a few dollars each. Today, those same Bitcoins would be worth several million dollars.
How to Buy The Best Penny Cryptocurrency to Invest in 2022?
Buying penny cryptocurrencies, or altcoins with a value under $1 can turn out to be a very profitable investment, if you do it right.
The crypto world is full of small-cap gems that have the potential to become the next Bitcoin or Ethereum. However, there are also plenty of useless and even scammy projects out there that are only after your money.
That’s why we bring you a detailed guide on how to buy penny cryptocurrencies in order to maximize your chances of success and avoid losing your money.
You should know that Cryptocurrencies are distributed worldwide, and decentralized. Unlike traditional fiat currencies, there is no governments, banks, or some other regulatory agencies that manage the transactions.
Outline here are the basic steps to buying penny cryptocurrencies in 2022 and beyond:
Step 1: Create an account on any exchanger (Binance)
In order to buy penny cryptocurrencies you need to sign up at an exchange that supports them – I recommend using Binance.
Step 2: Verify your identity
After signing up and logging in you need to verify your identity by uploading your documents like ID card or passport. This is required by law to prevent money laundering and terrorist financing.
Step 3: Deposit money into your account
After having successfully verified your identity you can deposit your money into the account by using P2P, bank transfer or credit card.
The best option for most people will be to use their bank account as it provides the best deposit rates of all payment methods and has the lowest fees.
However, if you want to buy penny cryptocurrencies right now then you have to use a credit card or P2P, as it provides instant deposits and will allow you to start trading faster than any other option available on the market today.
Step 4: Buy the best penny cryptocurrency to invest in 2022
You must have done your research on Coinmarketcap.com or on Binance to find the coins with less than $1 per coin, which has the potential to grow and then place a buy trade on it from your exchange platform – Binance or anyone you prefer.
You will need to watch some videos on how to place a trade.
Once the trade is fulfilled, you then keep watch over the coin to monitor its growth and as soon as it hits your target value, you then place a trade for a sell.
However, you can hodl as long as you choose to in your chosen exchanger, (Binance).
The Best Penny Cryptocurrency to Invest in 2022
Below are top 5 best penny cryptocurrency to invest in 2022:
XLM is native asset to Stellar blockchain. XLM can be used to pay for transaction fees and make in-app purchases. The Stellar network allows users to send, receive and trade digital assets, such as cryptocurrencies.
Dogecoin is one of the promising coin to hodl. Dogecoin has basically been used for tipping on Twitter and Reddit to reward creators for sharing quality contents.
SHIB (Shiba Inu)
Shiba Inu (SHIB) is a decentralized cryptocurrency token built on Ethereum, that was initially released on August 4th, 2020. The current circulating supply is equal to 1,000,000,000,000 SHIB and the max supply is equal to 1,000,000,000,000 SHIB. It’s a good buy and hodl investment.
Basic Attention Token (BAT)
Basic Attention Token (BAT) is a cryptocurrency for a blockchain-based digital advertising platform. The platform uses BAT tokens to properly value and price user attention within the platform.
The Basic Attention Token was created to address fraud and opaqueness in digital advertising. It was also intended to realign the incentive structure in the digital ad network so that user value is captured by content publishers, ad partners and users, rather than middlemen.
The core innovation behind the Basic Attention Token is the BAT, a unit of account for the user’s attention within the platform.
The Basic Attention Token is an Ethereum-based token that can be exchanged between publishers, advertisers and users. It can be used to obtain a variety of advertising and attention-based services on the Brave platform.
Chiliz is a digital currency that can be used to purchase goods and services.
Chiliz is the token of Socios.com, the world’s first fan-managed platform. Fans can use their Chiliz tokens to vote in real time on various club decisions and buy VIP experiences, exclusive merchandise and more.
The cryptocurrency industry is currently experiencing an upward growth at a high rate and new merchants are entering the marketplace.
With this extraordinary development, there are lots of opportunities for people to recognize lucrative investment opportunities that come with it.
I hope you find good investment.
Disclaimer: Always do your own research before buying any cryptocurrency and only invest what you can afford to lose.
If this article enriched you, do well to share it to your friends too and drop your view in the comments below. Thanks!