More and more digital currency investors are looking to enter the game. Just like with trading, some people are looking to start at their own pace. Quite often, this means putting their money into penny cryptocurrency.
These things trade for very little per unit. Obviously, some risk is still involved, but it's much cheaper to invest in this type compared to some other options. Also, there's always a chance their value will increase significantly going forward.
As you can imagine, it's all about finding the best penny cryptocurrency to invest in 2022. That way, with just a little bit of luck, you could be looking at some nice profits this year.
But what is the best cryptocurrency to invest in now?
We singled out some of the top options that could make a perfect choice for any crypto enthusiast. Let's take a better look at each of them.
The above list contains our top five picks for the best penny cryptocurrency to invest in July. In detailed reviews below, you'll be able to see why they caught our attention. You'll also find a guide on buying digital currencies to trade with on eToro.
Battle Infinity is a gaming platform with multiple P2E battle games integrated with the metaverse world and named 'The Battle Arena.' In the world of Battle Infinity, gamers cannot only play and battle but can also enjoy and experience the immersive Metaverse world where they can interact, perform, watch and explore the virtual world of Battle Arena at the same time.
Battle Infinity's platform has six components, each offering a unique use case. IBAT Premier League is Battle Infinity's fantasy sports league component, which is blockchain-based and uses NFTs. Within this league, users can construct their teams and generate points based on real-world performances – with rewards given to successful teams.
Rewards are given out in $IBAT, the native token of Battle Infinity. The Battle Infinity platform's other elements, such as the DeFi exchange(IBAT Swap) and built-in NFT market (IBAT Battle Market), are also compatible with this metaverse coin. There's even a crypto staking mechanism that offers solo/duo staking and NFT crates.
Battle Infinity also intends to provide users with metaverse plots of virtual land that they may use as virtual billboards for advertising. From an investment perspective, $IBAT will have an integrated "antidump" feature that will assist in maintaining a price floor and reduce volatility.
Prospective investors can discover more about Battle Infinity by visiting the project's official Telegram group. Together, these characteristics make Battle Infinity one of the top ICO cryptos of the year.
Lucky Block is one of the newest cryptocurrencies on the market, and it's also among the most promising ones. The entire idea behind the project is to revolutionise the global lottery industry by combining it with blockchain technology.
This new concept has the goal to improve the lottery experience for all stakeholders. Also, it eradicates all the barriers and forms a brand new worldwide lottery. This even improves every entrant's odds of hitting a jackpot.
To do this, Lucky Block ensures all functions are carried out by smart contracts. This solves one of the biggest issues the lottery industry faces – a lack of trust. With the use of smart contracts, players no longer have to worry whether a lottery game is true and fair.
Another awesome thing about Lucky Block is that it aims to give back to the community. The developers have already donated £3665 to charity at the beginning of 2022, and they'll continue to do the same. In fact, they plan to direct a portion of every prize pool to charitable causes.
Keep in mind that Lucky Block operates on the BSC or Binance Smart Chain, and you need a BNB to purchase tokens. You can join the lottery draw on their jackpot dedicated platform. Each ticket costs $1 USD, which is paid for in lucky block tokens.
With all this said, Lucky Block really is one of the best penny cryptocurrency to invest in July.
Stellar has been in the crypto game for quite some time. Its goal is to ensure individuals and businesses can make quick transactions no matter what sums of money we're talking about.
It's an open blockchain network that sees over £390 million in trading take place every day. One of the biggest reasons for this is that banks and other large companies see it as the perfect cryptocurrency for their large transactions.
What used to include two or three-day waiting, can happen in just a few seconds with Stellar. In fact, this digital currency can transact up to 5,000 deals per second, this is faster than Bitcoin and Ethereum.
It's easy to see why enterprises love Stellar. It's also easy to see why this crypto can challenge for the best penny to cryptocurrency to invest in 2022. Because if things keep moving in the same direction, it'll earn its place as one of the top tools for quick and safe large transactions between big players.
Although typically referred to as Stellar, the currency itself is called Lumens. With them, you can transact on the Stellar network.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
For quite some time, Dogecoin has been one of the biggest names in the crypto world. And even if you haven't heard of it, chances are you saw that famous coin with the face of a Shiba Inu on it.
For many, it's the best penny cryptocurrency to invest in, and it's easy to see why.
We'll begin by saying that it's a fork of Litecoin, which was forked from Bitcoin. Therefore, it's no surprise that it uses the same mining algorithm as the most popular currency in the world of crypto.
However, the folks behind Dogecoin wanted to improve from Bitcoin in several aspects. Most prominently, the confirmation time for each Dogecoin block is only a minute. Another reason why so many investors like this currency is that the number of tokens that can be minted is unlimited.
Many platforms and companies already accept payments with Dogecoin. The best example of this is Tesla. This acceptance of it as a payment token has played a huge role in its rise. This cryptocurrency is also widely used as a tipping coin.
Purchasing Dogecoin is rather easy, and to do it, you only need one of the wallets available on the official website. To find more about DOGE, read our guide on how to buy dogecoin 2022.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
You can't talk about the best penny cryptocurrency to invest in now, without mentioning Ripple. Initially launched in 2012, the popular XRP went big after its stable release in 2018.
The idea behind Ripple is to offer quick and easy international transactions. While this is often the goal behind digital currencies, not many of them do it better than Ripple.
Most of the time, using this cryptocurrency means that your cross-border transaction will take place in just several seconds.
One of the things that separate Ripple from Bitcoin and other popular options is its mining structure. Instead of miners, it relies on validators to verify transactions and create new ledger versions.
What many investors will love about Ripple is that it has already experienced a wide application in services and storefronts. Western Union and platforms such as Twitch and Shopify, all accept this cryptocurrency. Plus, chances are we'll see this list grow a lot in the next couple of years.
It's also important to mention that, not so long ago, Ripple was huge. It surged beyond £2.22, which was massive, especially at that point in time. However, since then it went back to a reasonable £0.60.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
eToro is the best place to buy crypto in 2022. With over 20 million users, it's easy to see why you can trust this popular online broker with your money.
The company is regulated by the SEC and registered by FINRA, meaning that there's absolutely nothing to worry about.
Another cool thing is that it supports various cryptocurrencies. From obvious Bitcoin to currencies from our list such as Dogecoin, eToro has it all.
It's also the perfect place to keep an eye on what's going on in the world of crypto. The platform displays the biggest movers every day, as well as the currencies trending among its users.
As you'll be able to see, the platform is also easy to use. Here's how to buy crypto on it:
So, what is the best penny cryptocurrency to invest in now?
We absolutely love the potential Battle Infinity has. This crypto is doing something different and it's looking to revolutionise the entire lottery industry.
With just over a month left before the next Lucky Block lottery, now's the perfect time to put money into it.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.