In today’s financial market, everyone is seeking a way to increase and diversify their money. Is this statement true or false?
Exactly, which is why individuals are always looking for a short-term investment with a high rate of return, many individuals were interested in cryptocurrencies following the growth of Bitcoins, Ethereum, and other cryptos.
Among the hundreds of thousands of coins available for buy and sale on the market, one in particular, known as penny crypto, provides the best value.
Let’s go through them in further detail.
What is the penny cryptocurrency?
This digital money is available for purchase for less than $1. These are among the cheapest digital currencies, with values beginning at a few cents and resembling penny stocks. For one thing, it’s a good idea to invest in them. With little pennies, there is a lot of money to be earned.
Top five penny cryptocurrencies to trade & invest in
Let’s look at the top five penny crypto coins to trade and invest in 2022.
Dogecoin (DOGE)
What is it about?
In terms of the penny cryptos, Dogecoin is the most well-known. It all started as a prank, supported by billionaires like Elon Musk and Mark Cuban, yet many early investors have become multi-millionaires.
People that bought Dogecoin early on made good money even though the price was nowhere near as high as Bitcoin’s all-time high. For the most part, investors acquired Dogecoin as a joke because of its association with the viral internet meme.
Most special aspect
To represent Dogecoin, the Shiba Inu dog acts as its emblem. However, jokingly designed, the blockchain for Dogecoin holds promise. It is built on top of the Litecoin platform. The scrypt algorithm-based cryptocurrency Dogecoin’s low price and unlimited supply are prominent features.
Price-performance
DOGE hit an all-time high of $0.7315 on May 8, 2021, and a low of $0.0000869 on May 6, 2015. Following that, it increased by 169439.4 percent. As a result, it has a 0.96 percent market cap domination.
Dogecoin (DOGE) price prediction 2022
The DOGE has been gaining fame as the coin’s utility is increasing. The asset follows the general trend of the crypto market. Hence, we expect the price to hit $0.25-0.40 in 2022.
Ripple (XRP)
What is it about?
Currently, Ripple is one of the most popular cryptocurrencies. It was founded in 2012 by Ryan Fugger and Jed McCaleb with the help of Chris Larsen, an investor. At its all-time high in 2018, Ripple’s price amounted to $3.5. Although its value has fallen below $1 since then, Ripple remains a popular currency among users and investors. A broad range of enterprises and establishments have adopted it. Due to its promising outlook, it’s one of the best penny cryptocurrencies to invest in by 2022.
Most special aspect
The digital currency XRP acts as a currency bridge between various currencies. XRP is a currency bridge. It doesn’t differentiate between fiat and cryptocurrencies, making it straightforward to exchange one for the other.
Price-performance
XRP reached an all-time high of $3.40 on January 07, 2018, and an all-time low of $0.00268621 on May 22, 2014. Following it, it showed a growth of 30309.0%. As a result, its market cap dominance is at 1.92%.
Ripple (XRP) price prediction 2022
Ripple is also known as a remittance coin. The use in e-commerce is expanding. Hence, the rising demand may push the price towards $1.40-1.80 in 2022.
Ravencoin (RVN)
What is it about?
It’s a penny cryptocurrency that’s been gaining some popularity recently. Ravencoin was designed to be a purely mintable currency used as digital security or proof of ownership. There are many similarities between these and NFTs, which have many of the same functions. However, this currency has fewer features, and it uses its blockchain. Compared to the art business, Ravencoin is more focused on the money aspect and has a more substantial financial impact.
Most special aspect
Ravens are utilized as messengers in the fictional country of Westeros, carrying declarations of truth. One of the most important uses of Ravencoin is for keeping claims of ownership.
Price-performance
RVN reached an all-time high of $0.285218 on February 20, 2021, and an all-time low of $0.00893232 on March 13, 2020. Following it, it showed a growth of 638.2%. As a result, its market cap dominance is at 0.03%.
Ravencoin (RVN) price prediction 2022
RVN is a not an old asset. However, the currency has gained fame in a short span. Therefore, the price is expected to hit $0.05-0.08 in 2022.
Siacoin (SC)
What is it about?
During our search for the finest cryptocurrency under a penny, we returned to BTT with Siacoin SC tokens in hand. Siacoin’s goal is to overcome the limitations and difficulties inherent in data storage. Using bitcoin as a basis, Siacoin is a decentralized cryptocurrency that provides cloud storage.
Instead of depending on centralized and expensive services like Dropbox, Siacoin will use the excess storage space on the hard drives of millions of people across the world. Consequently, the Siacoin network is open to everyone with extra storage capacity on their devices. For a fraction of the cost of centralized data storage, borrowers may store their data simultaneously.
Most special aspect
Siacoin intends to be one of the most extensive decentralized cloud storage networks, where users’ data is safe and secure, and data ownership is verified by critical private ownership.
Price-performance
SC hit an all-time high of 0.0924$ on January 8, 2018, and a low of $0.00001262 on December 28, 2015. Siacoin (SC) is predicted to trade at an average of $0.014 in 2023 in the next few years.
Siacoin (SC) price prediction 2022
The use of SC as a data storage has made the token so useful. The price is expected to hit $0.05-0.08 as the users are becoming aware of SC’s utility.
Stellar (XLM)
What is it about?
Stellar was designed mainly to be used as a low-cost method of transferring money between accounts. That aim seems to have been achieved as additional platforms welcome the proposal. Today, Stellar is widely used across the globe, thanks to the advancements made in recent years. Although this is unknown to the typical user, many organizations and payment systems use Stellar’s token for low-cost, fast international financial transactions.
Most special aspect
With Stellar’s open-source technology, anybody may convert digital cash into fiat money locally and globally.
Price-performance
XLM reached an all-time high of $0.875563 on January 03, 2018, and an all-time low of $0.00047612 on March 05, 2015. Following it, it showed a growth of 45656.8%. As a result, its market cap dominance is at 0.27%.
Stellar (XLM) price prediction 2022
XLM has been common as a payment system. Institutions and individuals have adopted the XLM in recent times. Hence, we expect the price to reach $0.40-$0.60 in 2022.
Final thoughts
Top cryptocurrencies are drawing investors looking to diversify their holdings. Investing in cryptocurrency is most beneficial when you can profit from it. Given how generally accepted cryptocurrencies are in developing nations, investing in them is a wise option right now. Penny cryptocurrencies are a convenient starting place. The cryptocurrencies mentioned here have a value of less than one dollar. We hope it is helpful to you!