What’s a more volatile market than cryptocurrency?
In a market whose more established and stabilized constituents tend to swing broadly and suddenly across the charts, elements with the value below $1 behave even more chaotically.
With great risk come great opportunities, so this is the perfect terrain for investors who feel at home with market speculation that borders gambling.
Cryptocurrencies whose value is lower than $1 (otherwise known as penny cryptocurrencies) represent the more exotic, but still fundamental part of the crypto trading market.
Penny cryptos remain a particularly attractive investment for those with a stomach for high risk, as they are much less stable than blue-chip cryptocurrencies (such as Ethereum and Bitcoin).
Although these small altcoins have a huge profitability potential, you should invest in them only as much as you are willing to part with.
Best Penny Cryptocurrency to Invest In 2022
Investing in penny cryptocurrency requires an even more informed approach than that of regular cryptocoins due to the greater risks involved.
Who can “sense” whether the trending penny cryptocoin will be the next Bitcoin or a pile of trash this time next year? Gut feeling and herd mentality just don’t cut it with penny cryptos.
This is precisely why an in-depth list of the best penny cryptocurrency to invest in 2022 comes quite handy for all those who wish to try their hands at.
Here are some candidates that have been selected from the top 200 most valuable cryptocurrencies, with an already significant amount of development poured into them.
ROSE is one of those penny cryptocurrencies that is responsible for a healthy data economy and can help you facilitate open finance.
ROSE is a coin by the Oasis Network, and they say that they are passionate about bringing scalability and privacy to DeFi, and they enable high scalability, private smart contracts, and the ability to tokenize data.
This unlocks new practicalities like under-collateralized loans, private lending, and private automated market makers.
Shiba Inu is likely by far the least expensive token listed here, with a price of a single token thousands of times lower than a single cent, which is one of the reasons why it easily makes this list of the best penny cryptocurrency to invest in 2022.
Based on a similar crypto project, Dogecoin, Shiba Inu is also a “meme coin”. It is the large number of its users that maintains its value, though, so it has grown to become a serious crypto token.
It is an ERC-20 token and it surged in value when the rumors of its own decentralized cryptocurrency exchange, ShibaSwap, started rolling around.
It is an interesting fact that a single SHIB will never reach anything close to the value of $1 since there is not enough cash in the entire global economy to enable it.
3. The Graph (GRT)
The Graph is a token that has grown out as a means of support of its mother service, a decentralized protocol for indexing, ranking, and gathering data from blockchains.
The main archive and browsing system for blockchain data for networks such as Ethereum and Filecoin, The Graph groups the data into subgraphs, its open APIs, which anyone can access and query.
4. Basic Attention Token (BAT)
Envisioned and launched by the co-founder of Mozilla and Firefox in an effort to upgrade the security, distribution, and efficiency of online ads through the use of blockchain technology, Basic Attention Token is an ERC-20 that rewards users for attentive observation of digital advertisement.
It is tied to the Brave web browser which rewards users with cash per search, but the whole project is still ongoing and we can expect further development.
The innovative twist here is that users will have only relevant advertisements presented to them, which is a win-win situation for both consumers and marketing experts.
An eager audience engages more with the presented content while the search results do not include irrelevant ads that will most likely be skipped over.
The Brave web browser will also cut the middleman such as e.g. Google, connecting users directly with advertisers.
Yet another ERC-20 utility token, The Sandbox is intrinsically tied to the gaming industry and its attempts of community-driven monetization of the gaming experience via the blockchain.
The Sandbox software essentially allows players to earn non-fungible tokens just with their gaming effort. In this virtual world game, users can invest in and develop virtual real estate that can be monetized outside the virtual world, of course.
The Sandbox also provides software for creating additional gaming experiences that can be further infused with NFTs and monetized via the platform.
Another, older digital world built upon Etherum’s blockchain, Decentraland is another gaming-slash-simulation platform that has witnessed a large growth in the total number of users recently.
The main trading activity in Decentraland is digital real estate as you can buy and sell plots of land in Decentraland.
The world itself is developed by its users and not limited thematically or in any other way except by the imagination of its users.
7. TRON (TRX)
Another platform that aims to “decentralize the Internet” by the means of using blockchain, TRON aims to cut third-party service giants such as YouTube and iTunes from the equation and bring the power back into the hands of the content creators.
With the majority of profits from artists, influencers, musicians, and other content creators going to advertisers and their respective platforms, TRON’s idea is to get 100% of the profits to the creators who they think have the right to, and every transaction would go through the blockchain on the peer-to-peer basis.
VeChain is a really good choice as a penny cryptocurrency, and they are good for logistics investments, supply chains, and more.
They are mostly developed for enterprises that want to leverage the power of the Internet to prevent things like counterfeiting. It provides proof of authentication for services and goods during trading.
They tag each product with a unique code, so you can track it on the blockchain, and know where, how, when, and other things that are related to the manufacturer of the product.
Customers can also use this solution to track on transit goods, so personally, we think that this is a valuable penny stock to invest in, because it has a high practical value in the supply and logistics industry.
Stellar is one of those penny cryptocurrencies that you’ve probably heard before because they are pretty well known already in the market, yet they are still so cheap that you can buy up a lot of them, and make some serious profit potentially in the future.
This is another penny crypto currency that has found practicality in the logistics industry, because it allows for asset transfer around the world in a fast, secure, and reliable way.
With this penny cryptocurrency, you can make the most of cross-border payment solutions, so when it comes to looking for any cryptocurrency that has a real-world application, it doesn’t really get much better than this.
In fact, it has been used by a lot of companies already, which is why it is set to increase in value exponentially in the future.
Chiliz is another great choice as a penny cryptocurrency, especially if you are hoping to invest in NFTS, and gaming platforms.
It is a blockchain platform that comprises two other platforms, one being a team crowd management platform, while the other being an aid decision making platform.
For example, you can vote on matters like training grounds names, shirt designs, and more. The team fans can also make the most of fan tokens that the platform supports, to trade or vote value.
The tokens can be loyalty cards, so that you can make the most of discounts on merchandise and experiences.
This penny cryptocurrency exists because of the popularity of the world of sports, which is why it is pegged to pen agreements in the future with the NBA, in the NFL.
The next penny cryptocurrency on our list is really good for long-term holders and investors and is based in Singapore.
It makes the most of shading as a scaling solution, in order to lift limits on the number of transactions per second.
The block chain was developed at the National University of Singapore by entrepreneurs, and academics.
Back in 2019, it claimed to be capable of supporting almost 3000 transactions per second, although technically, it is limitless, because it is dependent on the number of nodes that can potentially be unlimited.
There are a number of good reasons why you might want to invest in this penny cryptocurrency. The fact that it was developed by a solid team of academics says a lot.
12. Reserve Rights
Reserve Rights is another great penny cryptocurrency that is a good choice if you want to be able to invest in high inflation areas.
They can help reduce the volatility of held value and being built on the Ethereum blockchain they help facilitate multiple Fiat networks so that they can operate autonomously.
The protocol is responsible for keeping the tokens stable by repurchasing the token if it loses value to the dollar.
By integrating with financial institutions, the team behind this penny cryptocurrency wants to develop a dollar pegged coin that can be used across these platforms.
This way you can reduce cross-border transaction costs, as well as pain points.
13. REEF Finance
REEF Finance is another worthwhile cryptocurrency coin that is a penny token right now that can help blockchains solve difficulties like users needing to move to multiple platforms to complete their orders as a result of low liquidity.
With this penny cryptocurrency you can buy, stage, farm, and manage your digital assets really easily. It was developed back in 2019, and the DeFi protocol is run on the Polkadot blockchain.
It is a multi-chain engine, and as an example, users can access decentralized exchanges through smart contracts.
It is a worthwhile penny stock to look at considering its practicality when it comes to both the Ethereum and Polkadot block chains.
BitTorrent is probably something you’ve heard of before, because it is one of the world’s biggest file sharing and distribution networks, with more than two billion users in the world.
It is no wonder then that its cryptocurrency coin has taken off, but what’s amazing is that it is still relatively cheap, so you’ve got the opportunity to make some big bucks with these guys.
Naturally, BitTorrent’s coin is intertwined with its ecosystem, and when it comes to practicality, it allows users to spend coins to get quicker download speeds.
Holo is another worthwhile penny cryptocurrency that is a decentralized peer-to-peer network where decentralized applications are hosted and distributed.
It was originally developed as a bridge to connect to distinct digital native components, which would otherwise be incompatible. These are the traditional web, and blockchain.
Holo isn’t technically a blockchain but a platform where you can host blockchain-based content on the conventional Internet, so that it can be accessed by regular people.
Siacoin is another really helpful penny cryptocurrency that can help you solve challenges and limitations around data storage.
It makes the most of blockchain technology to democratize and decentralized cloud-based storage.
This means that instead of having to use expensive servers like Dropbox, this cryptocurrency coin is going to make the most of excess storage capacity on hard drives of millions of people out there.
This means that anybody that has additional storage available on their devices can join the network and monetize it.
We think that this is a pretty smart move, and we can see why it is so popular among existing investors.
17. Nervos Network
The next crypto currency on our list that you can invest in for less than a penny is really helpful for connecting blockchains with one another.
The thing about blockchains these days is that the majority of them exist within their own ecosystems which means that they can’t really interact with other blockchains very easily.
This is what this penny cryptocurrency is trying to achieve so that the majority of blockchains can communicate with one another.
Dent is another penny cryptocurrency that is attempting to tokenize mobile data across international borders.
What’s really interesting is that they have more than 26 million users on their network already, and being a digital mobile operator, they have managed to develop a blockchain-powered marketplace, where you can purchase data packages as well as mobile plans.
19. VeThor Token
VeThor Token is a penny cryptocurrency that can help you adopt blockchain for your business.
It can empower traditional businesses to create decentralized economies around their product or service. The thing about running a big IT infrastructure is that it can be very expensive.
When you combine this with the challenge of managing it across a big network it becomes even more difficult. This is where VeThor Token steps in.
The next penny cryptocurrency on our list can help you discover a better method of payment than traditional currency.
It lowers the barrier to adoption of traditional finance by allowing for millions of people that aren’t connected to banks have easy access to modern banking for the first time ever.
It is currently available in more than 190 countries, and it lets you send is penny cryptocurrency around the world at virtually no cost, and almost straight away.
What Should You Be Looking for?
The thing about penny cryptocurrency or any cryptocurrency for that matter, is that it is used to represent all different kinds of things.
Sometimes, they have a real-world practicality, so that they can obtain tangible valuable in it comes to their token holders. for example there are tokens that can be utilized as a store of value, for transactions and payments.
Cryptocurrencies are even capable of powering a huge network of cloud servers, smart contracts, scaling solutions, automation, and more.
Some cryptocurrencies have been designed merely to be a prank, developed for nothing other than the fun of it, with no hope of actually becoming practical at any point.
Can you make money from these kinds of cryptocurrencies?
Absolutely. Just keep in mind that investing in these types of tokens is the equivalent of going to the casino, and placing your money on red. It is a massive gamble.
Either way whether you are looking for cryptocurrencies under a penny that are going to have a practical application in the real world, or you are trying to find the one that is the biggest joke, they can make an impressive profit.
What is an Altcoin?
No precise definition of the term exists at the moment, but the general consensus goes that an altcoin is pretty much any other cryptocurrency than Bitcoin.
As a widely accepted cryptocurrency that strives to become on par with fiat currencies of central banks and governments, Bitcoin lends legitimacy to every altcoin out there.
This by no means indicates that every altcoin is legitimate and genuinely valuable. On the contrary, most of them turn out to be worthless in the end.
After all, it is not difficult to make a crypto coin and anyone can do it–why should we take them seriously at all?
However, Bitcoin itself has started out as an “altcoin”, so to speak. It was worthless and given out in thousands for one U.S. dollar. But we all know how that ended up, right?
Also, due to its growing acceptance, a healthy system of non-fungible tokens (NFTs), and a decentralized structure, Ethereum is no longer referred to as an altcoin by most investors.
Here are some examples of altcoin:
- BEP-20 is a token standard on Binance Smart Chain that has emerged as an improvement on the standard transaction protocols. Overall, these cryptocurrency projects do not last very long and investment in these tends to be a short-term investment only. Examples of BEP-20 altcoins include BUSD, CAKE, BAKE, and SafeMoon
- ERC-20 tokens are Ethereum network’s cryptocurrency projects. This technical standard serves as a set of rules that govern every Ethereum-based altcoin. However, there are no restrictions on who can create an ERC-20 coin and it is a simple process that anyone with a bit of tech expertise can do. This does not mean that there are no ERC-20 tokens of value, though. A number of reliable altcoins exist based on this standard, such as Compound, Uniswap, and yearn.finance.
- Native blockchain tokens include all those crypto coins that run on their own blockchain systems, and a wide array of sizable altcoins come from this group such as Dogecoin, Litecoin, and Ripple Labs’ XRP.
- Smart contract altcoins represent blockchains that include their code on their blockchain to foster increased decentralization in the global system. Some of the largest smart contract altcoins include Cardano, Polkadot, and Solana. Ethereum can count among these as well, if you classify it as an altcoin that is.
Token Price vs. Total Altcoin Value
A common misconception about altcoins is that, since the value of a single token is low, the total value of such an altcoin is also insignificant on the market. This is far from the truth.
Total altcoin value, or more formally market capitalization of a token, is much more important than the price of an individual token.
Having an inexpensive token per single unit does not mean that the market capitalization, or the value of the whole project, is cheap or worthless.
There are coins, for example, whose single token has a value much higher than $1, but the market cap of which is relatively humble when compared to others.
As a perfect example of this, yearn.finance is currently estimated at just above $35,300 (as of October 2021) but the market cap of it is just $1.2 billion.
On the other hand, a single Dogecoin (DOGE) token is exchanged for $0.23, but the total market cap is almost $31 billion because of the sheer volume of Dogecoins in circulation.
This makes Dogecoin’s price much more stable than e.g. yearn.finance’s.
Cryptocurrency Exchanges for Penny Cryptos
Because of factors such as niche platforms, relatively small value, and lower market caps, not every crypto exchange supports altcoins and the tokens mentioned above.
Do not be surprised to see that your preferred major exchange that you are perhaps currently using does not support altcoins.
Depending on your aims and desires, perhaps you will have to turn towards different exchanges. We have some suitable candidates that go hand in hand with penny crypto trading.
- eToro supports every token on this list.
- Binance supports every token on this list, which makes sense since it is the largest cryptocurrency exchange in the world.
- Coinbase supports Basic Attention Token, The Graph, and Decentraland, but not the others on this list.
- If you have got your eyes on Shiba Inu and these two mentioned above do not support it, give Voyager a go. Suitable for mobile traders, it also has pretty low transaction fees and is thus pretty useful to various crypto investors.
Automating Crypto Trade
There has been little talk about the way cryptocurrency trading is done. Although it is possible to approach the crypto market in a classic, stock-similar way, this is highly ineffective and perhaps even impossible in the long run.
The most common way to deal with crypto trading is to become a day trader, that is a trader who commits a deal and closes it in a single day.
And it is impossible to keep track of the crypto market 24-7, as we traders are still made of flesh and blood.
We need sleep, rest, leisure time, and so on. There are tools of the trade, however, that deal away with this issue entirely. They are called crypto trading bots and they streamline and automate crypto trading.
Trading bots are pieces of software that can be set up according to your trading logic and perform mundane checks and chores automatically instead of you, drastically reducing the necessary time and effort required to invest in both penny cryptos and regular cryptos.
Consider using trading bots. After all, they are much more efficient than you or any of us at this. Technology is bound to take over at one point in any case, right? Either way, trading bots are the way to go.
Why Trade Cryptocurrency?
The world of cryptocurrency is becoming more and more interesting and prevalent, and it’s getting harder and harder to find somebody that doesn’t have at least a mild interest in the entire thing.
The reality is that cryptocurrency isn’t going anywhere, and there’s a very good chance that it could be how we trade in the future.
Therefore, it is smart to get in early, and pick your cryptocurrency tokens now.
How do You Trade Cryptocurrency?
The best way to go about trading your cryptocurrency is to find a really good cryptocurrency platform that you can trade with them.
High-quality cryptocurrency platforms are going to let you buy, sell and trade your cryptocurrency tokens on the platform, and they are also going to let you keep your tokens stored away on their platform.
Why Invest in Penny Cryptocurrency?
Yes, penny cryptocurrency is high risk, but if you are someone who has a lot of confidence and believes that you can make some serious money from trading these types of cryptocurrency tokens, then you definitely need to get in the game.
Sometimes, opting for the riskier investment pays off.
Which Penny Cryptocurrency Should I Invest In?
As far as investing in penny cryptocurrencies go, the secret is to find a token or cryptocurrency that is going to increase in value.
This means that you have to find the reason for the coin existing in the first place, which of course has to be to do with future potential.
You need to think about whether those factors are going to have an increase in value in the short or long term.
We think that any of the penny cryptocurrencies that we’ve talked about today on this list can help you with this, but at the end of the day, when it comes to cryptocurrency in general, there is always a risk no matter what you choose to invest in.
What is the Best Coin to Invest in?
As far as thinking about which penny cryptocurrency is the best to invest in, this completely depends on the value it’s going to generate for you.
When you are evaluating a penny cryptocurrency, you will need to check in with your personal investment goals.
Are you wanting to invest in penny cryptocurrencies in the long-term, or short-term?
How much are you wanting to invest in and how much are you hoping to get out of it? Once you’ve done this, you can choose from the options above.
What is the Cheapest Crypto to Invest in?
Stellar, Dogecoin, VeChain, and Chiliz are some of the cheapest penny cryptocurrencies in the market right now.
While they might be just a few dollars currently, they all have huge potential to grow, and generate a huge income in the future.
Which Crypto is Less than a Penny?
On the list that you see above, we have a number of penny crypto currencies that are super cheap to invest in, that can ultimately help you generate a big amount of profit in the long term.
They are rated as some of the greatest penny cryptocurrencies to invest in right now, considering the opportunity that you have in the future to make some serious money from them.
Top-Rated Crypto Exchanges
These crypto exchanges have been voted as the best consistently in user ratings across various websites.
First we collated the user review data, then we performed our own tests to ensure 100% legitimacy of the exchanges.
These are by far the best services on the market today, and we continue to use them ourselves.
So this is the list of best penny cryptocurrency to invest in 2022 along with some basic concepts explained and simple tips provided.
Only one thing remains to be said: do not take this as a law set in stone.
The dynamics of cryptocurrency, especially penny cryptocurrency, make pretty much any sort of list or guide obsolete in a matter of months or even weeks.
It is thus important to constantly be on the watch for updates and changes in circumstances in the market.
Everything said here is true for now, but keep your eyes and mind open and follow us for more news on this topic.
We will do our best to keep track of the changes and update our views as they change with the times.
In any case, now is the time for whatever you decide. That concludes our guide on the best penny cryptocurrency to invest in 2022.
First come, first serve. Good luck trading