24 February 2024
Many of today's most popular Cryptocurrencies had their beginnings as "penny coins." Since its low point in early 2011, Bitcoin's worth has rocketed by more than six million percent, reaching its recent high point a decade later. As that of the second-most valued coin, ETH's rise from Initial Coin Offering price of $0.3 in 2015 to current top of $4891 has been almost identical.
Penny Cryptocurrencies, similarly to penny stocks, are traded for a handful of cents or less per unit. Even though they are high-risk investments due to their modest market capitalization, they are inexpensive to participate in. Coins with a long-term potential for value growth should be considered the ideal places to put your penny Cryptocurrency investment dollars.
Also Read: 6 Best Cryptocurrencies For Novices In 2022
1. Polygon (MATIC)
The Ethereum blockchain's layer-2 scaling solution, Polygon, is among the most valued as well as intriguing. Its goal is to reduce Ethereum's cost of gas while simultaneously speeding up process transactions. Since its launch, the Cryptocurrency society has given it an enthusiastic welcome with on-chain companies such as Uniswap, Open Sea as well as off-chain names including Adobe, Stripe and DKings. We predict Ethereum 2.0's reputation as well as acceptance to soar, causing Polygon's inexpensive coin values to soar to unprecedented levels.
2. VeChain (VET)
To combat counterfeiting, VeChain offers blockchain as a service to businesses looking to take use of the IoT. Traded products and services may be tracked and verified using the Internet of Things. A specific code is attached to each goods, allowing retailers and consumers to keep track of where, when, how, and which company was liable for distributing the item on the blockchain. During shipment, customers may utilize the service to keep track of their items as they travel. An investment in this penny stock will provide a high return due to its involvement in the enormous logistics and supply chain business.
3. Cardano (ADA)
As a result of its low price, Cardano joins our list of the top penny Cryptocurrencies to invest in in 2022. The world's biggest smart contract platform and among Ethereum's fiercest rivals is still selling at a discount, despite having a market capitalization of over $15 billion. But this is for a good purpose. Cardano's 'Peer Review' model is where it's at. All programmes and protocols on the Cardano network must be peer-reviewed before they can be added to the system. As a result, Cardano has become less adaptable to new Cryptographic developments. The smart contract capability, for example, was finally added towards the end of 2021.
4. Stellar (XLM)
XLM as well as Stellar Lumens have also been employed extensively in the logistics, migration, and transnational money transfer sectors. The technology makes it possible to securely, quickly, and reliably move assets over the world. Look for Cryptocurrencies with actual-world applications such as Stellar if you're trying to invest or purchase in penny Cryptocurrencies. A wide range of businesses have used the Stellar Blockchain and XLM coins since its creation. Mobius Network, SureRemit, as well as Smartland are a few examples. It's already been embraced by a large number of services in a variety of different sectors.
5. Ripple (XRP)
A number of commentators at the time of Ripple's introduction in 2012 proclaimed it to be the "Bitcoin Killer." Everybody understood its significance for the Cryptocurrency multiverse. Because of this, XRP was listed on every major Crypto-exchange, and investor interest in the Cryptocurrency surged, as indicated by an increase in the number of wallets containing XRP as well as an increase in trading volume. Prior to going head-to-head with Bitcoin, Ripple concentrated its sights on the global SWIFT payment network. There were several foreign banks and other financial institutions onboarded early on in this platform's development. Penny Cryptocurrency is the finest to purchase at a bargain.
6. Basic Attention Token (BAT)
7. Decentraland (MANA)
The very first Metaverse initiative is Decentraland. This is also the most well-known and useful Metaverse initiative, in my perspective. It is also one of the most intriguing Cryptocurrency initiatives in the Metaverse. There are more reasons why we think it's the finest penny Crypto to purchase in 2022. Cryptocurrency investors have been enthused by these developments. For example, Coca-Cola, Adidas, JP Morgan, as well as Samsung have all shown interest in developing on the platform, which has seen the number of monthly active users on the Metaverse soar to more than 300,000.
8. Chilliz (CHZ)
Socios.com as well as the tokens are two components of the Chilliz blockchain network. Socios.com is just a crowdsourcing tool for sports teams that allows fans to show their allegiance to their favorite teams while also contributing to the judgment process. For example, t-shirt layouts and training facility names may all be put to a vote by supporters.
9. Shiba Inu (SHIB)
Another well-known and often used joke money is the Shiba Inu. As a result, it has been included in our list of the top penny Cryptocurrencies to purchase in 2022. For instance, SHIB surged over 5 million percent in the early 2021 Cryptocurrency exchange rise, leaving thousands of Cryptocurrency speculators wealthy. In terms of value growth, it is one of the best penny Cryptos out there.
10. Zilliqa (ZIL)
As a result of workloads, Singapore-based Zilliqa can handle more TPS than any other blockchain platform. To avoid the manipulation of a block by a single node, each shard has a maximum of 600 connections.
Disclaimer: The author’s thoughts and comments are solely for educational reasons and informative purposes only. They do not represent financial, investment, or other advice.