The wide variety of crypto options available can make it difficult to choose which ones to invest in. Many investors consider low-cost crypto projects at some point.
Investing in cryptocurrencies is inherently risky due to their high volatility. However, if you want to get started with cryptocurrencies cheaply and with less risk, you might want to think about penny cryptocurrencies.
If you’ve made the decision to invest in cryptocurrencies, you might be asking which of the multiple options is the best affordable penny coin to buy. We compared all of the best penny cryptocurrencies available today that are worthwhile buying.
See why each one can be a wise purchase for you by taking a closer look at each one.
But first… What is Penny Cryptocurrency?
Penny cryptos are cryptocurrencies that trade for less than $1 per coin, or for less than $5 per coin. Some investors view penny cryptos as anything that sells at a price below $5 per coin. Some cryptocurrencies are sold in a virtual environment as part of non-fungible token (NFT) games.
Top Penny Cryptocurrency to Watch
The following penny cryptos stood out the most:
Battle Infinity (IBAT)
One of the top penny cryptocurrencies for traders in 2022 is offered by this gaming environment in the form of a token. It is a play-to-earn platform with an all-in-one design that incorporates NFTs.
Battle Infinity combines six distinct features, including a crypto staking mechanism and a built-in NFT marketplace. There’s also a “game store,” which will host numerous NFT-based games and their own P2E elements
Tron (TRX)
TRON is a good option if you want to invest in penny cryptocurrencies. Unlike other lesser-known altcoins, it is not as volatile because it was created in 2017 and has a market capitalization of over $1 billion.
TRON aims to connect content creators and consumers for direct transactions using smart contracts, so developers can use it to build decentralized apps.
Dogecoin (DOGE)
Dogecoin is another cryptocurrency to watch in 2022. It was created as a joke in 2013 and has remained among the most popular “joke currencies” ever since. Doge price has been consistently low and trading volume has been weak for a long time.
By requiring just one minute for each block to be confirmed, Dogecoin’s blockchain technology outperformed bitcoin’s. On many platforms, Dogecoin can also be used as a form of payment, and it has grown in popularity as a tipping coin. You can also buy, sell, store and trade dogecoin in reputable crypto exchanges like KuCoin.
IMPT (IMPT)
For investors seeking exposure to the growing carbon credit market, IMPT is a penny cryptocurrency worth consideration. In short, companies will have a limit on the amount of carbon and other harmful gasses that can be emitted into the environment each year.
This initiative intends to accomplish its objective by enabling users to obtain carbon credits through either shopping or purchasing them. More than 10,000 retailers and companies, including Microsoft and LEGO, have partnered with the organization. These carbon credits are applied to environmental projects that have already been approved.
Cardano (ADA)
Cardano is one of the most promising cryptocurrencies of 2022, and a good investment today. It is the first peer-reviewed and most secure smart contract blockchain, supports strong developer activity, and has become the largest blockchain with a growing community of users.
Cardano’s community-driven governance is one of the factors that make it a good option for investors seeking cheap cryptocurrency. Cardano also aims to be a blockchain platform that is environmentally friendly, which further attracts investors.
Dash 2 Trade (D2T)
Dash 2 Trade is a cryptocurrency trading platform that seeks to change the industry. Users will be given access to reducing trading signals based on social and technical factors to help it accomplish its goal. Pre-sale of the platform’s native D2T token, which can be used to access it, has just begun.
To give information on different cryptocurrencies, this social trading platform makes use of the strength of collective intelligence and social network analysis. Additionally, it offers a variety of technical indicators, including moving averages and order book information, to assist clients in making more informed trading choices.
Summing Up
The potential of cryptocurrency is influenced by numerous things. It might be the quality of the underlying technology or investment, the team and/or community behind the initiative, or just plain hype.
Our list of cryptocurrencies includes some of the best options available today. While each coin has its own strengths, there is something interesting about each one that might make it worth your time.
