Most successful cryptocurrencies today started as penny cryptos. Bitcoin only reached $1 in 2022 but has grown its value by over 6 million percent ten years later. This isn't an isolated case, as the crypto world is filled with many instances of penny cryptos that eventually blew up.
Penny cryptocurrencies usually trade for a few pennies or less than $5 per unit. So despite their small market capitalization and being high-risk, they're pretty cheap to invest in and have the potential for value increment over time.
This article will walk you through the seven best cryptocurrencies to invest in, in 2022. We'll also take a closer look at why they're the best options for you to consider. On that note, let's get started.
Penny cryptocurrencies are digital or virtual tokens worth very little compared to other coins. Investors often overlook them because of their low value, but they can be an excellent way to start investing in cryptocurrency without spending much money.
To come up with this list, we analyzed several cryptocurrencies to find the best cryptos with a high chance of value increment. During our analysis, these seven options stood out the most.
We'll also provide more details about what makes them so special to help you identify the best penny cryptocurrency to invest in.
Dash 2 Trade is a social trading and crypto analytics platform you can only access with its native token, D2T. It started its first presale round on October 19th, 2022, and has raised over $600,000 already. Dash 2 Trade offers revolutionary trading signals that access social and technical indicators to provide crypto traders with profitable trading strategies.
This social trading platform analyzes the growth of various cryptocurrencies on social media platforms and other socio-cultural movements like the developer's activity. In addition, investors have access to technical indicators like order book statistics, moving averages, and many more to help them make better trading decisions.
Its whitepaper also suggests that the platform will give access to strategy-building tools and presale launches. The tools provided will help traders review their trading strategies while the presale launches offer access to new cryptocurrency listings.
Calvaria is a brand new crypto project built around play-to-earn mechanics. The goal of the project is to spread mass adoption of cryptocurrencies through a fantastic battle card game inspired by similar games like Magic the Gathering. The platform wants to bridge the gap between the crypto and real world.
The project aims to do so by offering users an accessible, exciting game they can download and play on their mobile phones. Users will be able to play two different games. The first will be completely free and available in the app store. The other one will have play-to-earn mechacins and other blockchain features designed to be easy to use by everyone, including users who encounter crypto games for the first time ever.
The free to play version will also contain essential details about the crypto project hoping to inform a broader audience about the projects unique features. If successful, Calvaria could help spread the adoption of cryptocurrencies further than any other blockchain game before.
This is another penny cryptocurrency with a high chance of value increment in the years to come. This presale project raised more than $5 million within two weeks, making it a great investment option.
IMPT focuses on using real-world cases to draw focus to one of the world's pressing issues – climate crises. Unlike several new projects without a significant reason for existing, IMPT intends to utilize blockchain technology to help businesses and individuals minimize climate change.
This project aims to achieve this by allowing users to acquire carbon credits by purchasing them or shopping. IMPT has partnered with more than 10,000 retail businesses and brands. Some of them include LEGO, Microsoft, and many more.
These carbon credits are used on many pre-approved environmental projects. However, this doesn't mean they don't have value themselves or cannot be sold. You can also retire the credits and receive NFTs in return.
Phase one of the presales makes 1,600 million tokens available at $0.018 each. The first phase will run till November 25th or until it's sold, and the second phase will begin to be followed by the third phase.
Next on the list of the seven best penny cryptocurrencies to invest in 2022 is Tamadoge. This is a native cryptocurrency of the Tamaverse. This game allows users to create and breed Tamadoge pets. Users can also battle each other and climb up the leaderboard to earn rewards in TAMA, the game's native coin.
TAMA is in its presale period, and the maximum supply for this penny crypto is 2 billion tokens. One of the reasons investors should consider this crypto is that it is a deflationary asset. This means that the developers would reduce its current supply in the long run.
Whenever a player purchases an item from the TAMA store, 5% of the TAMA spend is burnt. 30% will be used for marketing purposes, and the remaining 65% will be distributed as rewards in its P2E prize pools. Although 50% of the TAMA supply is available in the presale, 20% has been reserved for future listings on exchanges.
This gaming ecosystem offers a token considered one of the best penny cryptocurrencies for traders in 2022. It is an all-in-one platform that has NFTs integrated as well. In addition, it has many play-to-earn elements that provide users with a regular income stream.
This project has six components that determine users' experience. Each element provides a unique method of earning income. In addition, there's an NFT marketplace, a crypto-stacking mechanism, and many more. You can also find NFT games with their play-to-earn features in its game store.
There'll be a fantasy sports league on this gaming ecosystem, and winning allows you to earn in Battle Infinity's native token – IBAT. There'll be a total supply of 10 billion IBAT, and the developers will use a part of each token transaction to finance different elements in the gaming ecosystem.
Ripple launched in 2012, and many analysts considered it a Bitcoin killer. Most traders could see this penny crypto's significant role in the crypto future. Investors' interest in this altcoin has grown, with many wallets holding XRP.
One of the factors that affected this altcoin's rise in the crypto verse is SEC's case against Ripple Labs and its management team. However, this doesn't mean investors' interest in this penny crypto has died, and it remains a top 10 crypto asset.
With the case soon coming to an end, the value of XRP is expected to skyrocket. Therefore, this is the best time to add this coin to your portfolio to enjoy the benefits of its value increment.
With the rise of Dogecoin, many meme cryptos have also gained popularity. One such coin that has gained popularity since its release in 2021 is Shiba Inu. In the last quarter of 2021, Shiba Inu's price skyrocketed by 1,400% due to its growing popularity on social media platforms.
However, it couldn't maintain this value as the entire crypto verse experienced a difficult phase. However, most crypto enthusiasts still believe this is one of the best penny cryptocurrencies to consider.
This coin has potential because the Shiba Inu developers are committed to expanding its ecosystem by launching an NFT marketplace and a token launchpad. Additionally, the developers have collaborated with several e-commerce stores that accept SHIB while increasing the burn rate for SHIB tokens significantly. With all these, the crypto's value is expected to increase considerably before the next market rally.
Based on this list, these seven best penny cryptocurrencies are the best options for investors looking for new cryptos to invest in. We've discussed why we consider these penny cryptocurrencies the best option for you. They are highly promising long-term investments and will grow your portfolio.
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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.