5 Best Penny Cryptocurrency to Invest In

The cardinal rule investors must know about cryptocurrencies is that they are volatile.

In mid-May 2022, the global cryptocurrency market lost over $2 trillion in value during a week of volatility. 

Cryptocurrencies are not going anywhere. The blockchain technology that buttresses cryptos may be the key to future fintech and currency evolutions.

Ready To Spend Your Bitcoin, Ethereum, Ripple, Litecoin, and Other Cryptocurrencies?
Within minutes you can register for a Unbanked account, add funds, pass KYC, get a virtual card and make purchases anywhere major credit cards are accepted. Register at no cost to you.
  Register Now

But for right now, uninformed and hype-prone investors could lose everything betting on the wrong crypto.

Have you considered trying penny cryptos? Here are five of the best penny cryptos to consider.

But first, a primer on penny cryptos.

Check out Unbanked today to learn more about the future of crypto-based banking.

Related: 7 MOST CRYPTO-FRIENDLY COUNTRIES FOR INVESTORS

Penny Cryptocurrencies 101

Like penny stocks, penny cryptocurrencies are affordable investment vehicles that are also extremely volatile. 

A penny cryptocurrency is a cryptocurrency that is sold at a fractional cost of a whole cryptocurrency. Penny cryptocurrencies, just like penny stocks, cost less than $5, and the cheapest ones cost less than $1.

Some penny cryptocurrencies may cost you only a dime or several hundredths of a penny to invest in.

You will find some penny cryptocurrencies, like TRON or Stellar, within the Top 50 of the most popular cryptocurrency directories and online exchanges. 

However, most penny cryptocurrencies are not found in the top 100 lists of popular cryptocurrencies. For example, there are now about 20,000 individual cryptocurrencies and counting. 

Where Can You Buy Penny Cryptocurrencies?

You are more likely to find penny cryptocurrencies in the middle of the back end of such lists. And many more penny cryptocurrencies are yet to be listed on the biggest and most popular online cryptocurrency exchanges, like CoinBase, Binance, or Crypto.

You can find penny cryptocurrencies on the smaller, medium-sized, and lesser-known cryptocurrency exchanges.

Or, you can look for newer cryptocurrency exchanges that focus on informing investors about cryptos and offering enhanced financial services instead of the hype, like Unbanked.

Are There Drawbacks to Buying Penny Cryptocurrencies

You could potentially buy penny cryptocurrencies for a few bucks, pennies, or even fractions of a penny. But such investments do come with some risk.

Cryptocurrencies are very volatile and can fluctuate in value at any time. Cryptocurrencies fluctuate wildly in value due to the tenets of supply and demand, federal regulations, media hype, and user and investor sentiments. 

Some cryptocurrencies can be manipulated in some circumstances as well.

Cryptocurrencies are considered taxable financial “property” or assets but not currency by the I.R.S. and the federal government. Because they are so volatile and regulated by the government, cryptocurrencies cannot be considered true stores of financial value. 

Cryptocurrency investments are risky. Keep in mind that the investors who profited the most during the cryptocurrency hype period of 2017 – 2018 had already invested months and years prior, not the later speculators encouraged purely by hype. 

As an investor, conduct exhaustive research into the penny cryptocurrencies that interest you. Stay apprised of the newest developments in cryptocurrency news. And look for value in penny cryptocurrencies that other investors don’t recognize. 

Now here are the five best penny cryptocurrency investment opportunities in 2022.

Tron

5 Best Penny Cryptocurrency to Invest In, quantitatives-CThyPsIULJU-unsplash-1024x576, Uncategorized , Unbanked, Unbanked Card, Crypto Card, Unbanked Debit Card, Crypto Debit Card, BlockCard

Tron is a unique decentralized blockchain that was founded and launched by the Tron Foundation in 2017. Tron C.E.O. and founder Justin Sun was a former Ripple executive in a Greater China-based office. 

Sun studied at the University of Pennsylvania and Peking University. Sun was also chronicled in Forbes Asia as one of the “30 Under 30 “successful entrepreneurs. 

Tron tokens are known as T.R.X. 

The original T.R.X. tokens were ERC-20 Ethereum-based tokens. 

The T.R.X. token was transitioned to the Tron network’s independent blockchain by 2018.

Tron currently has a market cap of almost $7 billion.

The Tron network enables users to create smart contracts, decentralized applications, and a long-term ambition to create a decentralized internet.

Basic Attention Token 

Basic Attention Token is a marketing and advertising-based cryptocurrency ecosystem. It’s a highly inventive and revolutionary kind of cryptocurrency and is an optimum investment for long-term investors.

The Basic Attention Token and its accompanying token, B.A.T., were launched in 2017. The cryptocurrency currently has a market cap of over half a billion. And this cryptocurrency was founded by two individuals with experience and professional credentials in the internet browsing industry, Brendan Eich and Brian Bondy.

Basic Attention Token’s parent company, Brave Software, Inc., was founded by Eich. Eich invented JavaScript in 1995 and is the C.T.O. and founder of Mozilla and Mozilla Firefox. 

Bondy is the C.T.O. of Brave Software, Inc. and Basic Attention Token. Bondy is an experienced software engineer, developer, and executive who formerly worked at Khan Academy and Corel Corporation.

The Basic Attention Token blockchain ecosystem employs Brave Software’s web browser with tracking technology to track users’ movements on websites. And the B.A.T. tokens are transferable rewards between publishers, advertisers, and users in the B.A.T. ecosystem.

The purpose is to divvy up online advertising revenue via the B.A.T. ecosystem efficiently.

Stellar

Stellar is a community-owned, open-source, non-profit, and decentralized cryptocurrency network that was designed to efficiently and near instantaneously facilitate money transfers between borders.

Stellar’s token is Lumens (X.L.M.). And the Stellar cryptocurrency ecosystem, which was launched in 2015, started out as a hard fork of the Ripple cryptocurrency. 

Stellar was founded by cryptocurrency pioneer, entrepreneur, programmer, and philanthropist Jed McCaleb. McCaleb was the founder and C.T.O. of Ripple until 2013 before launching Stellar.

One of the primary purposes of Stellar is to modernize money transfers between international borders. Traditional money transfers carry notoriously high facilitation and processing fees. And depending on where the money is sent, transfers could be delayed or require more processing.

Stellar can securely facilitate over 3,000 transactions per second at the cost of a fifth of a penny.

Cardano

5 Best Penny Cryptocurrency to Invest In, quantitatives-MZSg37IADKU-unsplash-1024x576, Uncategorized , Unbanked, Unbanked Card, Crypto Card, Unbanked Debit Card, Crypto Debit Card, BlockCard

Cardano was launched in 2017 as the next-generation altcoin and the evolution of the Ethereum cryptocurrency. Cardano’s market cap is $17 billion.

There are over 33.8 billion Cardano tokens, A.D.A., in circulation. The maximum supply is 45 billion.

The Cardano cryptocurrency ecosystem is designed to be scalable, flexible, and sustainable. The platform can be used to run smart contracts and decentralized finance apps, generate signature crypto tokens, design games, facilitate speedy money transfers, and more.

Charles Hoskinson, a co-founder of Ethereum, founded Cardano. Hoskinson is also the founder and C.E.O. of IOHK, which is the tech company that designed and built the blockchain platform for Cardano.

Hoskinson, a mathematician, and tech entrepreneur, is a self-taught expert in cryptocurrencies who started crypto mining and trading in 2011. Bitcoin, the first cryptocurrency, was initially launched in January 2009.

Hoskinson even developed an educational curriculum about cryptocurrencies in 2013. Over 80,000 students enrolled in the course.

Cardano differentiates itself by being an eco-friendly blockchain platform. 

The platform uses a proprietary proof-of-stake consensus program called Ouroburos. 

The Ouroburos consensus uses less energy and computing power than traditional cryptocurrency mining.

Chiliz

Chiliz is a sports and entertainment-based cryptocurrency that launched in 2017. The blockchain company is based in Malta and was founded by C.E.O. Alexandre Dreyfus.

Dreyfus has decades of experience as a founder and executive of various gambling, travel, and fintech websites. 

Chiliz lets sports fans, and especially superfans, engage with their favorite sports teams via the Chiliz token, C.H.Z.

Fans can take polls and surveys and vote on various decisions related to their favorite teams through Chiliz.  

Chiliz has a market cap of $722 million, a circulating token supply of 6 billion, and a maximum supply of almost 9 billion. The crypto is gaining steam in Europe, and its founder hopes it will one day become popular in the U.S.

Buy Bitcoin With Your Unbanked Bank Account
Buy Bitcoin and other cryptocurrencies with your crypto friendly bank account from Unbanked. Purchase Bitcoin and other crypto instantly and settle to your crypto wallet.
  Register Now

Check out Unbanked to learn about banking without borders, crypto debit cards, and efficiently trading cryptos.
Related:HOW CAN BLOCKCHAIN TECHNOLOGY REVOLUTIONIZE THE SUPPLY CHAIN?

The Latest

What is Dash Crypto

What is Dash Crypto? Dash Coin Highlight

Bear markets are the best time to invest in stocks and cryptocurrencies. If you have money to invest, you can pick up top-tier cryptocurrencies for bargain prices during a bear market. A digital currency hot on many investors’ radar is Dash, a DeFi cryptocurrency with massive potential. We’ll highlight what Dash is, how it works, and whether it’s… Read Article

How to Value Cryptocurrency

How to Value Cryptocurrency to Know What to Buy

When investing in cryptocurrencies, investors need to vet the projects before they invest. Because the cryptocurrency market is largely unregulated, it is often compared to the Wild West, where you can strike gold and be robbed blind. In 2021, investors lost $2.6 billion in pump-and-dump coins or other junk tokens. To avoid scams, rug pulls, and weaker projects,… Read Article

Why is Cryptocurrency Valuable

Why is Cryptocurrency Valuable? A New Investor Guide

It’s hard to look at any financial website and not see some mention of cryptocurrency. However, with all the hype around cryptocurrency, it’s tough to filter through what’s true and what’s not. One common question is, what are the factors that make cryptocurrency valuable? We put together this investment guide for new investors to explain… Read Article

What Causes Cryptocurrency to Rise and Fall

What Causes Cryptocurrency to Rise and Fall

16% of Americans invest in cryptocurrency, and that number is expected to grow. But with cryptocurrencies being such a volatile asset, it is challenging to know the best time to buy and sell. We’ll explain what causes these explosive rises and falls in cryptocurrency prices so you can invest more wisely. Key Crypto Market Indicators that… Read Article


6.38%

Crypto Rewards
on Spend

You also have access to:

BANK ACCOUNTS
DEBIT CARDS
BUYING, SELLING, & SPENDING CRYPTO


ARE YOU READY TO GET UNBANKED?


Nah, I enjoy high fees...

x