Penny Cryptocurrency: Best Investment Options For Beginners

Penny cryptocurrencies are a risky but popular investment option for crypto enthusiasts. Penny cryptocurrencies are generally defined as those priced below $1, though some investors consider tokens under $5 to be penny cryptocurrencies.

Some of the best penny cryptocurrencies to invest in include:

- Shiba Inu (SHIB)

- Stellar (XLM)

- TRON (TRX)

- Cardano (ADA)

- XRP (Ripple)

- Chiliz (CHZ)

- Floki Inu (FLOKI)

- The Graph (GRT)

- Fetch.ai (FET)

- Harmony (ONE)

- Zilliqa (ZIL)

- Holo (HOT)

- Ravencoin (RVN)

- Ankr (ANKR)

- Proton (XPR)

- BitTorrent (BTT)

Best penny crypto with a low market cap

Penny cryptocurrencies are a risky investment, but they are popular among crypto enthusiasts looking to hit a home run. They are usually defined as cryptocurrencies that cost less than $1, although some people define them as any tokens under $5.

• Tron (TRX): Aims to create a decentralised content creation and entertainment platform, giving creators ownership of their content and authorising direct consumer interactions.
• Telcoin (TEL): Aims to bridge the gap between cryptocurrency and telecommunications, enabling fast and affordable remittances and international money transfers.
• Stellar (XLM): An open-source payment network that launched in 2014, allowing users to create, send, and receive digital representations of all forms of currency.
• Ripple (XRP): A payment protocol that has been in the market since 2012. It lost more than 62% of its value in 2022 but has reached over $3 in the past.
• Proton: A payment blockchain capable of processing 4,000 transactions per second, with transactions free for users.
• Shiba Inu (SHIB): A meme cryptocurrency with a passionate community and the potential to become a reliable investment option.
• Pepe Unchained ($PEPU): A new Layer-2 blockchain for the meme coin $PEPE, offering speed, security, and low fees.
• Crypto All-Stars ($STARS): An upcoming cryptocurrency that enables users to stake their favourite meme coins in a single location.
• Amp (AMP): Collateralises crypto payments and ensures that the Amp (AMP) collateral is liquidated if a transaction fails, giving the sender and recipient peace of mind.
• Ravencoin (RVN): A blockchain that facilitates the efficient issuance and transfer of all types of digital assets.
• Holo (HOT): The native token of the Holochain platform, which aims to disrupt the established paradigm by allowing users to take advantage of hApps (Holochain apps) that connect their devices without relying on centralised servers.
• Floki Inu (FLOKI): A meme coin project that combines real utility with charitability, giving power to ordinary people instead of VCs and hedge funds.

Remember, investing in penny cryptocurrencies is risky, and it's important to do your own research before investing in any cryptocurrency.

Best penny crypto with a high market cap

Penny cryptocurrencies are a risky investment, but they are popular among crypto enthusiasts looking to hit a home run. They are usually young cryptocurrencies with a low market value and high volatility.

• Tron (TRX): Tron is one of the largest blockchain-based operating systems in the world. It aims to connect content creators and consumers for peer-to-peer transactions. Tron has been around since 2017 and is well within the top 50 largest cryptocurrencies by market cap, making it a more stable option. Its price typically ranges from about $0.05 to $0.15.
• Stellar (XLM): Stellar is an open-source payment network that launched in 2014. It allows users to create, send, and receive digital representations of all forms of currency, including fiat currency and other digital currencies. Stellar is one of the larger cryptocurrencies by market cap, but its price is usually between $0.15 and $0.60.
• Ripple (XRP): Ripple is one of the most popular penny cryptos, reaching an all-time high of $3.84 in 2018. It has been embroiled in a lawsuit with the SEC, but as of July 2022, the payment platform seems poised for a win. XRP has the potential to exceed $50 or even $75 by the end of 2030, making it a good penny crypto to buy and hold.
• Cardano (ADA): Cardano is a highly reputable blockchain with faster processing speeds than Ethereum. It falls into the sweet spot of trading for less than $1 while still being within the top 10 cryptocurrencies by market cap. Cardano could reach prices as high as $49.98 by the end of this decade.
• Shiba Inu (SHIB): Shiba Inu is a meme cryptocurrency that has gained significant popularity. It is inspired by Dogecoin and has a passionate community. Shiba Inu trades at a very low price, and its ecosystem promises future use cases within its decentralized exchange, NFTs, and gaming.
• Chiliz (CHZ): Chiliz is a sports and entertainment crypto traded on the Socios platform, which lets sports teams create custom tokens for fans. It is an affordable investment at just over 10 cents per coin, and it has partnerships with many professional sports teams and organizations.

These penny cryptocurrencies have the potential for significant returns, but it's important to remember that they are high-risk investments. It's recommended to invest small amounts and only what you can afford to lose.

Best penny crypto for beginners

Penny cryptocurrencies are low-cost digital assets that often trade for just a few cents. They are popular among crypto enthusiasts looking to hit a home run. While they are a risky investment, they can also deliver real returns.

• TRON (TRX): TRON is a blockchain-based operating system that aims to decentralize the web and connect content creators with consumers. It has been around since 2017 and is well within the top 50 largest cryptocurrencies by market cap, making it a more stable option. The price typically ranges from about $0.05 to $0.15.
• Stellar (XLM): Stellar is an open-source payment network that launched in 2014. It allows users to create, send, and receive digital representations of all forms of money. Stellar is one of the larger cryptocurrencies by market cap, but the price is usually between $0.15 and $0.60, making it an affordable option.
• Shiba Inu (SHIB): Shiba Inu is a meme cryptocurrency that has gained significant popularity. It has a passionate community and the potential to become a reliable investment option. Shiba Inu trades at a low price, with trillions of coins circulating.
• Ripple (XRP): Ripple is one of the most popular penny cryptos and is said to be a solid investment option. It reached its all-time high price of $3.84 in 2018 and has processed over 1500 transactions per second. Ripple is currently trading at just 35 cents, and some experts predict it could exceed $50 by the end of 2030.
• Proton: Proton is a payment blockchain designed for purchases and peer-to-peer payments. It can process 4,000 transactions per second, and transactions are free for users. Proton trades for a fraction of a cent to $0.02 and has the potential for growth as it doesn't have a huge market cap yet.
• Cardano's Native Crypto, ADA: Cardano is a highly reputable blockchain with faster processing speeds and energy efficiency. It falls within the sweet spot of trading for less than $1 while still being within the top 10 cryptocurrencies based on market cap. Cardano has a lot of potentials for growth, with only 75% of its total coin supply mined so far.

Remember, investing in penny cryptocurrencies carries a higher risk due to their low price, volatility, and limited liquidity. Always do your own research and only invest what you can afford to lose.

Best penny crypto for long-term gains

Penny cryptocurrencies are digital currencies that can be bought for less than $1. They are similar to penny stocks and are very cheap, costing a few pennies. The major advantage of investing in them is their high potential for profit.

Ripple (XRP)

Ripple is a payment protocol that uses blockchain technology to process international money transactions. It has worked with hundreds of financial institutions that use its technology. The native cryptocurrency, XRP, was launched in 2012 and is one of the best penny cryptos to buy right now. XRP offers incredibly fast processing times and minimal transaction costs. It has a market capitalization of around $37.5 billion and is accepted as a payment method by major companies such as AMC Entertainment and Tesla.

Stellar (XLM)

Stellar is an open-source payment network that launched in 2014. It is one of the leading cryptocurrencies, with over $531 million in daily trading. On the Stellar network, users can create, send, and receive digital representations of all forms of money. The platform allows for fast, secure, and low-cost cross-border transactions. Stellar has processed more than 3.6 billion operations by more than 6 million individual accounts.

Tron (TRX)

Tron is one of the largest blockchain-based operating systems in the world. It aims to create a decentralized content creation and entertainment platform. Tron prioritizes giving creators ownership of their content and authorizing direct consumer interactions. Its native cryptocurrency, TRX, is not a penny crypto, but its price is relatively low compared to major cryptocurrencies like Bitcoin and Ethereum. Tron has been around since 2017 and is well within the top 50 largest cryptocurrencies by market cap, making it a more stable investment option.

Shiba Inu (SHIB)

Shiba Inu is a meme coin that gained popularity in late 2021, following the rise of Dogecoin. It is designed to appeal to retail investors and has a strong backing on Reddit. While Shiba Inu currently lacks real-world use cases, it has launched ShibaSwap, a native DEX that offers token swapping, liquidity pools, and an NFT trading platform. With the potential for more utility to be added, Shiba Inu could be a good long-term investment.

Cardano (ADA)

Cardano is a third-generation, highly functional digital currency created in 2017. It is one of the top cryptocurrencies by market cap, with a maximum supply of 45 billion tokens. Cardano is a sustainable, scalable, and flexible platform for running smart contracts, allowing for various decentralized finance apps, games, and new crypto tokens. Cardano also intends to decentralize entirely and is working towards community-driven governance. With its large market cap, Cardano is likely to be reactive to market prices, making it a good option for long-term gains.

Basic Attention Token (BAT)

Basic Attention Token is a blockchain-based system that uses the Brave web browser to track media users' attention and time spent on websites. It serves as a reward unit in an advertising ecosystem that includes users, publishers, and advertisers. Basic Attention Token has been around since 2017 and has a market capitalization of $1 billion. It is a great choice for long-term investors, offering the potential for steady growth.

Best penny crypto for short-term gains

Penny cryptocurrencies are tokens that usually have a value of less than $1 and a small market cap. They are popular among investors who want to gain exposure to new crypto projects without investing a large amount of capital.

Pepe Unchained ($PEPU)

$PEPU is a new and improved version of the original Pepe coin. It is built on the Ethereum Layer 2 blockchain, which offers scalability, speed, and efficiency. The $PEPU project offers double staking rewards, with a current APY of 130,151%. The token is currently in its presale phase, offering investors the opportunity to buy at a discounted price.

PlayDoge

PlayDoge is a play-to-earn coin that has raised over $4 million within a few weeks of its presale launch. It is a Tamagotchi-inspired game where users can earn $PLAY tokens by playing mini-games and caring for their virtual pet, Doge. PlayDoge is built on the BNB Chain and allows users to stake tokens on both the ETH and BNB chains, with APYs of 72% for early stakers.

Shiba Inu (SHIB)

Shiba Inu is a meme cryptocurrency that has gained significant popularity. It has a passionate community and has the potential to become a reliable investment option for those looking to enter the world of penny cryptos. Shiba Inu trades at a low price, with trillions of coins in circulation. As part of its ecosystem, SHIB promises future use cases within ShibaSwap, a decentralised exchange, and potential ventures into NFTs and gaming.

Tron (TRX)

Tron aims to create a decentralised content creation and entertainment platform. While not strictly a penny crypto, its price is relatively low compared to major cryptocurrencies like Bitcoin and Ethereum. Tron focuses on giving creators ownership of their content and authorising direct consumer interactions. Due to its emphasis on real-world use cases, Tron has the potential for long-term growth but still carries risks.

Telcoin (TEL)

Telcoin aims to bridge the gap between cryptocurrency and telecommunications. It is the native medium of exchange, reserve assets, and protocol tokens for the Telcoin user-owned, decentralised financial platform. Telcoin enables end users to access and power a global suite of user-owned, decentralised financial products. With alliances in the telecom industry, Telcoin aims to provide fast and affordable remittances and international money transfers. As cryptocurrency adoption increases, Telcoin may experience significant growth.

Stellar (XLM)

Stellar is a leading penny crypto that was launched in 2015. It has processed over 3.6 billion operations by more than 6 million individual accounts. XLM allows individuals from all income levels to invest and perform financial services at low costs. It also enables the creation and trade of digital representations for all forms of money, such as dollars or Bitcoin.

It is important to note that investing in penny cryptocurrencies carries higher risks due to their low prices, increased volatility, and limited liquidity. Thorough research and due diligence are crucial before investing in these assets.

Frequently asked questions