A penny cryptocurrency is a type of digital asset or token that is worth less than one cent. Bitcoin, the first and most well-known penny cryptocurrency readmore

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By
John James
Top Penny Cryptocurrency 2022: Double Up Your
Profits Now
fxreviews.best/blog/penny-cryptocurrency
What is Penny Cryptocurrency?
Penny cryptocurrency is a term used for any digital currency that has a small unit value.
For example, a penny cryptocurrency might be worth one one-hundredth of a US dollar,
or one-thousandth of a British pound.
Penny cryptocurrencies are often considered more accessible to new users, as they offer a
lower entry point into the market. This can be appealing to those who are looking to
invest in digital currencies but are hesitant to put a large sum of money into a currency
that may be unstable.
Penny cryptocurrencies are also often seen as a more stable investment than some of the
more well-known currencies, such as Bitcoin. This is because they tend to be less volatile,
and are therefore less likely to experience rapid fluctuations in price.
What are the Benefits of Penny Cryptocurrencies?
There are a number of benefits to investing in penny cryptocurrencies. These include:

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Lower risk: As mentioned above, investing in penny cryptocurrencies doesn’t take huge
money to invest in. So, the chances of losing huge capital are relatively low in comparison
to other cryptocurrencies. With lower risk and good returns, you can make the most out of
the crypto market.
High Returns Potential – When a newly launched coin is a real price low, this is done
to attract investors. Sales can rise on the basis of strong fundamentals. After reading up
on your fancied coin, it is prudent to take steps that would allow you to stay ahead of
other investors. portfolio diversification – The volatility that characterizes the
cryptocurrency market is one sure reason why you should diversify your portfolio.
Granted, your blue-chip investment is generally extremely stable and reliable. However,
there should be a buffer of smaller investments to protect you against imponderables. A
diversified portfolio helps you most in times of volatility.
Passive income source – you can make money from dividends just by holding on to
penny cryptocurrencies. Coins with solid fundamentals can reward you for your foresight.
How To Select The Best Cryptocurrencies?
You would do well to be mindful of the following factors when you start going about
selecting the best cryptocurrencies.
The supply should be more than ten million units, 25% of it being already mined.
Market capitalization ought to be over $20m, while the daily trading volume has to
exceed $1m;
The penny cryptocurrency should be listed on a credible exchange;
Percentage gain for the preceding week should be at least 50%.
Such metrics deserve periodic study; the penny cryptocurrency should be easy to find on
social media and be transparent in its dialogue with prospective clients.
List of Top Penny Cryptocurrencies to invest in 2022?
We will consider several affordable cryptocurrencies, have strong fundamentals, come
with a credible white paper, have community support, and have great teams managing
them. They are Decentraland/Mana, BAT/Basic Attention Token, Loopring, Harmony,
and Wax.
VeChain
VeChain is a blockchain-as-a-service platform aimed primarily at businesses looking to
use the Internet of Things to combat counterfeiting. During commerce, it leverages IoT to
track and offer proof of authenticity for goods and services.
Every product is identified by a unique code that allows for tracking on the blockchain,
allowing a merchant or consumer to learn where, when, and how the product was made
and other details about the manufacturing process. Clients can also use the system to

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track products in transit to know where they’re going during shipping, for example.
Chillz
Chilliz is a blockchain platform that consists of two additional platforms: socios.com and
tokens. It’s a team crowd management software that allows users to cheer for their
favorite teams while also assisting in decision-making.
These team supporters can also vote or exchange value using the platform’s fan tokens.
The tokens also serve as loyalty cards, allowing users to receive discounts on items and
exclusive events.
Token ownership entitles users to save when purchasing items, receiving awards and
interacting with the APP. Fan Tokens, CHZ, Locker Tokens, and NFTs are among the
tokens supported on the site.
Steller
The remittance and borderless money transfer industries have all identified use cases for
Stellar Lumens and penny crytocurrency XLM. Stocks may be transferred securely,
quickly, and reliably worldwide using the platform.
The penny cryptocurrency serves as a low-cost, instant cross-border payment option,
while the platform allows anyone to issue tokens via ICOs or token fundraising, just like
Ethereum.
If you want to invest in tiny cryptocurrencies, search for ones that have real-world uses,
such as Stellar, because their value grows over time.
Dogecoin
Dogecoin is known as the king of meme currencies. It was introduced as a fork of Litecoin,
which was itself a fork of Bitcoin. Its name comes from the Shiba Inu dog breed from
Japan. It employs the same proof-of-work mining algorithm as Bitcoin.
Dogecoin outperformed Bitcoin by lowering the confirmation time for each block to one
minute. Aside from its popularity as a tipping coin, it is also utilized as a payment token
on a variety of platforms. In fact, it rose to prominence as a free-tipping penny
cryptocurrency before making its way into the mainstream.
Given its ever-growing community and use as a payment token by well-known
corporations like Tesla, it is becoming one of the most popular penny tokens and crypto to
invest in.
Basic Attention Tokens (BAT)

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The Basic Attention Token, or BAT, is a penny cryptocurrency based on the Ethereum
blockchain that touts itself as a cost-effective way to advertise online. Brendan Eich, a co-
founder of Mozilla Firefox and developer of the JavaScript programming language,
created it as a platform token for the Brave browser.
It aids in the distribution of ad revenues among advertisers and publishers. In addition,
when using the Brave browse, readers can get compensated for watching commercials
without having their privacy invaded by intrusive adverts.
Content publishers can also charge for advertising and publication. In February, the
browser surpassed 25 million monthly active users, despite the fact that the euphoria
around the usage of such platforms for publication has subsided.
Zilliqa (ZIL)
The Singapore-based company Zilliqa employs sharding as a scaling tactic to increase the
transactions per second. To ignore a node from contriving a block, each shard is limited to
600 nodes.
Academics and entrepreneurs appointed the blockchain at the University of Singapore.
Although the boundation is ideally endless because it depends on the nodes, which might
be endless, it was claimed to be capable of supporting 2,828 transactions per second in
2019.
There are numerous reasons why this penny stock could be a good investment this year.
First, out of the 21 billion maximum supply restrictions, 14.9 billion are now in
circulation.
REEF Finance
Reef acts as a unifying force for all blockchains, resolving issues such as DeFi users
needing to transfer their orders across numerous platforms due to limited liquidity on
each of them.
Reef allows users to seamlessly stake, acquire, and manage their penny cryptocurrency. It
was introduced in 2019 and will be launched in September 2020 on the Polkadot
blockchain. In 2020, it was included in the Binance Launchpool, allowing it to be used on
the Binance Smart Chain.
On the Polkadot blockchain, it is a DeFi protocol. It works as a liquidity aggregator and a
yield engine for multiple chains. Users can use any DeFi service available on any of the
various platforms supported by Reef without generating separate accounts for each one.
Reserved Rights (RSR)
Reserve Rights reduces the volatility of stored value by employing a USD-pegged stable
coin, the RSV, at a 1:1 ratio, albeit the stable currency is itself reinforced by other digital
assets on the platform.

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The system, which is based on the Ethereum blockchain, allows numerous fiat networks
to operate independently. The protocol keeps the token steady by repurchasing it if its
value falls below that of the dollar and by selling it to arbitragers to reduce demand if its
value rises above that of the dollar.
Binance
Binance began as a centralized penny cryptocurrency exchange in 2017 and has since
grown to be the currency exchange in terms of daily trading volume.
Today, the company also administers the Binance Chain blockchain, which hosts a variety
of projects and apps. Binance DEX, a decentralized exchange application for Binance, is
supported by Binance Chain.
It has a token called BNB, which is used to pay for gas fees and facilitate the exchange of
token values on both controlled and decentralized exchanges.
Coinbase
By trade volume, Coinbase is one of the largest centralized exchanges. It has been in
operation since 2012, and its custodian services allow individuals, groups, and institutions
to use cryptocurrencies and digital assets.
The platform now allows users to purchase and sell crypto for fiat, in addition to crypto-
to-crypto exchange. PayPal, ACH, bank wire, credit, and debit cards are all examples.
Coinbase, like Binance, has hundreds of cryptocurrencies and tokens available to trade. It
is properly regulated as well. The UI is simple to use, despite the exorbitant fees and the
fact that users do not have control over their wallet keys. It’s also extremely liquid.
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