There are hundreds and thousands of them available in the market to be bought and sold but there is one named penny cryptocurrency which actually gives you maximum returns. Today we are going to tell you more about them in this article.
WHAT IS PENNY CRYPTOCURRENCY?
See more: Where to buy penny crypto coins
As the name suggests, this is a digital currency that you can purchase with an investment of less than $1. These are one of the cheapest digital coins which you can purchase even with a few pennies and they are very much similar to a penny stock. But one of the biggest privileges in investing in them is the return which you will get. There is very huge potential for profit connected with penny cryptocurrencies.
Penny cryptocurrency is considered as one of the best substitutes for investment which are available in the whole market having four different categories which are :
- Mining based cryptocurrency
- Utility tokens
- Security tokens
WHY INVEST IN PENNY CRYPTOCURRENCIES?
Just because penny crypto is cheap that doesn’t indicate that you must invest in them. A very big fat no for that but there are some other factors too which are there which makes them attractive and a right choice to invest. Some of those factors are:
- High-risk profit ratio:
Most of these penny cryptocurrencies are undervalued, and it is believed that there are probably more chances of blockchain technology, so the price of penny crypto will shoot up in near future.
- Passive Income:
According to many investors, it is believed that the best dividend-paying investments start from $1 which means you can even earn just by holding penny cryptocurrencies.
- Investment variegation:
If you want to earn regularly from the penny crypto, then it will be beneficial for you if you bring heterogeneity to your portfolio. For example, if one of the coins goes in loss then others can compensate for that loss.
HOW TO CHOOSE IN WHICH PENNY CRYPTO ONE MUST INVEST?
There are various factors that must be taken into consideration while investing in any cryptocurrency as a single mistake can change your whole profit into loss, so it is a very crucial decision to choose which penny crypto should be purchased. Here are some factors which must be considered:
- Always choose to invest in crypto which has a flowing supply of between 10 million to 1 billion coins.
- Must check whether those penny coins are listed on top penny crypto exchanges like MXC, BitMex, etc.
- Check whether 25% of the whole supply has been already mined or not.
- Always check big cryptocurrency exchanges while purchasing penny crypto and check whether they earned a profit of more than 50% in the last 10 days.
– The best penny crypto currencies for 2022 which you are going to purchase must have a maximum capitalization of more than $20 million and they must bring back a profit of $1 million on daily basis trading.
BEST CRYPTO CURRENCY WHICH HAS HUGE RETURNS IN 2022
- RIPPLE (XRP)
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Unquestionably, they are one of the most profitable cryptocurrencies available in the market till now. Initially, they were known as OpenCoin in 2012- when they were brought into the market. Currently, they are priced at $0.836 in the market, and back in January 2018, they were priced at $3.5.
- STELLAR LUMENS (XML)
Stellar is one of the best penny crypto currencies for 2022 in the whole market; more than $531 million tradings happen in one day. Apart from this, Stellar is listed in the top 13 cryptocurrencies in the world. Stellar crypto is held by the stellar foundation which is a non-profit organization established in 2014.
- BASIC ATTENTION TOKEN (BAT)
In terms of market capitalization, BAT is ranked in the 34th position in the whole world. They are one of the best penny crypto currencies for 2022 in which you can invest as they come up with the most amazing project in the world crypto market. And the best thing about them is that they are very reactive to the feedback and they continuously improve their platform on a daily basis.
Cardano is one of the fastest and flexible penny cryptos you can ever purchase and because of this, it has got the highest position in the whole world. They have a current price of $1.54, due to its latest project of building smart contracts. And the best part about them is that they have a very low transaction fee.
- RAVENCOIN (RVN)
This is one of the latest coins which was recently launched in the market, 2018. Raven Coin gained huge popularity because it had a superlative combination of technical price and the best set of principles. They are listed in the top 50 cryptocurrencies in the world and reached the maximum price of $0.50 in the year 2019 in April.
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