Penny cryptocurrencies list 2022: a short guide for beginners
Many beginners follow the common misconception that investing in popular assets will definitely bring benefits. However, the market competition is tough and there are no guaranteed benefits from the popularity of the asset. Instead, there is a point in looking for other types of assets. Here, we are going to make you familiar with the list of penny cryptocurrencies that have nice prospects to increase value in 2022.
Introduction to penny cryptocurrency3
Penny cryptocurrency is a digital asset that costs on the market less than $1. One more feature of this type of crypto is low market capitalization that doesn’t blast through the mark of the $5–15 million range. Basically, penny crypto has a lot in common with penny stocks. They correlate not only in terms of prices but in terms of concept as well because many penny cryptocurrencies are just smaller fractions of more valuable assets.
Many penny cryptocurrencies are unknown to new investors. Nevertheless, they might be quite beneficial in terms of making investments.
Penny cryptocurrency: various types of penny cryptocurrency
As a rule, penny cryptocurrencies are subdivided into 4 major types:
- newly minted
Plentiful cryptocurrencies is a category of assets that are widely supplied and less valued on the market. Newly minted cryptos cost low just because they are completely new and unknown for the vast majority of investors. Fallen are digital currencies and tokens that used to be worth more than they worth now. Stagnant is a type of asset that refers to coins that don’t gain value over a long period of time.
Best assets to invest in 2022
Before you start investing, you need to learn about the best assets. Here is the list of penny cryptocurrencies that are supposed to gain value in 2022:
- Ripple (XRP)
- Stellar Lumens (XML)
- Basic Attention Token (BAT)
- Ravencoin (RVN)
- Tron (TRX)
- USD Coin (USDC)
- Binance USD (BUSD)
- TerraUSD (UST)
Why and how to invest in penny cryptocurrency
Why are cryptocurrencies valuable? Basically, penny cryptocurrency is the best asset for beginners to start making investments. First of all, unlike popular cryptocurrencies, such as Bitcoin, penny coins are cheap. This means you won’t need to invest a lot in order to start making small profits. In addition to that, penny cryptos feature a high-risk profit ratio. Due to the fact that they are undervalued, many of them have nice prospects to increase value in the nearest future.
Despite the obvious advantages, investing in penny cryptos isn’t as easy. You must take into account a few important aspects that will help you to gain profits and avoid losses. Here are a few pieces of advice on how to choose and invest an asset:
- Rely on coins that have flowing supply within the range from 10 million to 1 billion coins.
- Check out if the chosen crypto is listed on the most widely used penny exchanges.
- Choose assets where 25% of the whole supply has been mined.
- Check out the information about coin profits in the last 10 days.
- Check the real circumstances that may make the chosen currency profitable in current market conditions.
- Invest in a few penny cryptocurrencies. If one of them causes losses, the profits from others may easily cover those losses
How to buy assets
Penny cryptocurrencies are bought on crypto exchanges. You must find places where penny assets are available. The most popular options are such exchanges as MXC, BitMex, Binance, CoinSmart, Bittrex, eToro, PrimeXBT.
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