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Penny cryptocurrency investments have the potential to offer attractive returns with a very small initial commitment. There are more digital currencies than ever, and many trade for less than a dollar.
As such, in this guide, we discuss the 10 best penny cryptocurrencies to invest in for 2022.
We also explore why investors choose penny cryptocurrencies and what risks to consider before proceeding with an investment.
Overview of the Top 10 Penny Cryptos for 2022
Below is a list of the best penny crypto to buy in 2022, to assist investors in choosing a suitable project for their portfolio.
- Tamadoge (TAMA) – Top Penny Cryptocurrency for 2022
- Battle Infinity (IBAT) – Blockchain Gaming Platform With a Metaverse World
- Lucky Block (LBLOCK) – NFT Competitions Project with Giveaways
- Ripple (XRP) – Large-Cap Enterprise Blockchain and Crypto Solutions Provider
- Cardano (ADA) – Proof-of-Stake Network with Staking Pools
- Tron (TRX) – Decentralized Network With DeFi, Web3, and NFT Integration
- Cronos (CRO) – Native Token of the Ecosystem Supported by Crypto.com
- Polygon (MATIC) – Multi-Chain Scaling Solution On Ethereum Network
- Chiliz (CHZ) – Sports-Focussed Platform With Fan Tokens
- Gala (GALA) – Blockchain Platform and Pioneer of Web3 Ownership-Enables Games
We’ve included a good variety of penny cryptocurrencies for those who may want to create a diverse portfolio, or are still deciding on their financial goals.
Full Analysis of the 10 Best Penny Cryptocurrency to Invest in 2022
A large part of finding crypto under a penny that will explode is to conduct plenty of thorough research.
To aid this process, we’ve reviewed and ranked the 10 most promising penny cryptocurrencies below.
As we touched on, to embrace diversification and risk management, we discuss a range of different project types.
1. Tamadoge (TAMA) – Top Penny Cryptocurrency for 2022
Tamadoge is perhaps the overall best penny crypto to invest in for numerous reasons and is currently going through an extremely successful presale.
A sign of a crypto under a penny that will explode is having a highly successful beta and presale phase – – finding the best crypto presales can be a great way to maximize gains.
More than $11.5 million in seed funding has now been raised, with the token allocation running out fast and less than 30% of the presale tokens still available.
That said, there is still time to buy TAMA tokens at a discount, as each time a new presale phase is entered, the price goes up.
The earliest investors received 100 TAMA tokens for $1 USDT but by with each new token tranche of 100 million investors pay a higher price.
By the time the presale ends 1USDT will net 33.33 tokens and once the tokens go live on an exchange – with an LBank listing already confirmed – the price will again increase further.
This penny cryptocurrency has accrued a strong community of followers called the Tamadoge Army and on Twitter alone has already more than 50,000 followers.
In the Tamaverse, which includes NFT ownership and play-to-earn gaming, players will be able to mint and breed their very own Tamadoge pet.
Moreover, players are able to train and take their Tamadoge NFTs to battle to try and rise to the top of the scoreboard each month. As part of Tamadoge’s roadmap, P2E games will eventually incorporate augmented reality (AR) activities.
Players will have a variety of opportunities to earn digital tokens on the platform. Moreover, the Tamadoge AR app will be released in Q4 2023. Not only will this allow pet NFTs to interact with their Tamaverse buddies, but they can also go hunting for TAMA tokens.
2. Battle Infinity (IBAT) – Blockchain Gaming Platform With Metaverse
Another penny crypto project bringing together the P2E and metaverse industries is the highly intriguing ecosystem, Battle Infinity. The token used for in-game purchases, rewards, and other utilities is IBAT.
Some market commentators argue that IBAT is another crypto under a penny that will explode. The Battle Infinity presale hit its hard cap goal of 16,500 BNB (about $5 million) in just 24 days and early listings have already seen the price spike by 200% from the presale price.
At the time of writing, investors can buy this penny crypto on a number of DEXs and CEXs for under a penny, with more listings in the pipeline in the near future.
The overall objective was to develop a complete P2E gaming environment, while also including a number of utility-focused features – Battle Infinity has thus far accomplished this and is one of the best new cryptocurrency projects in the space.
The Battle Infinity ecosystem is made up of six distinct platforms, each with a specific purpose. This makes IBAT one of the most promising penny cryptocurrencies of 2022.
For a start, the NFT-based P2E fantasy sports game the IBAT Premier League is interconnected with the metaverse. This allows players to create their own team of athletes to compete with others to climb up the leaderboard.
The cricket P2E game is based on the Indian Premier League. The developers will also introduce basketball, baseball, hockey, football (soccer), and more as time goes on.
Players may purchase and trade different NFTs, such as athletes and game characters, at the Battle Games store. Moreover, using the specialist platform Battle Staking, investors can earn on cryptocurrency holdings.
Additionally, investors will discover a variety of NFTs, such as artwork, in-game products, and more on the Battle Market. Meanwhile, the Battle Arena is a fully realized metaverse setting and is a stand-out feature of the platform.
Battle Swap is the name of the decentralized marketplace within the ecosystem. Here, investors may directly purchase IBAT tokens and exchange rewards for other currencies.
3. Lucky Block (LBLOCK) – NFT Competitions Project with Giveaways
The NFT competitions project Lucky Block has had tremendous growth since its early 2022 launch. It’s ranked one of the top penny cryptocurrencies with potential and its presale sold out well ahead of time.
The project offers unrivalled prizes in the space with $1 million of Bitcoin, a $300,000 Lamborghini, a $1 million house and a Bored Ape Yacht Club NFT currently up for grabs.
Investors get access to a number of contests and rewards through the platform by purchasing Lucky Block NFTs. There will only ever be 10,000 Lucky Block NFTs produced and only a select number are rare collectibles.
In addition, participants have the chance to win actual prizes and are automatically admitted to the Platinum Rollers Club if they own NFTs. Those new to NFTs should read our full NFT beginner’s guide.
The native token LBLOCK just had a V2 update, meaning it is now on the Ethereum blockchain and more easily listed on centralized exchanges – a bridge was also announced to allow holders of V1 to trade in for the V2 coin.
4. Ripple (XRP) – Large-Cap Enterprise Blockchain and Crypto Solutions Provider
Ripple is a firm favorite among those who favor penny cryptocurrencies. Moreover, XRP tokens rank among the top ten cryptocurrencies on CoinMarketCap.
This penny crypto was created with the goal of transferring transactions from closed systems controlled by financial institutions to a more open system while drastically reducing costs.
The goal of RippleNet, the blockchain infrastructure built by the company, is to offer access to speedy, affordable, and straightforward cross-border transactions. 100 billion XRP tokens were pre-mined at launch.
In 2022, Ripple partnered with Fomo Pay, a well-known payments company located in Singapore. Through the partnership, Ripple’s crypto-enabled business technology will be used by Fomo Pay to increase its international treasury flows.
At the time of writing this best penny crypto guide, Ripple has a market capitalization of over $17 billion, and XRP tokens are trading at almost $0.35.
Cryptoassets are highly volatile and unregulated. No consumer protection. Tax on profits may apply.
5. Cardano (ADA) – Proof-of-Stake Network With Staking Pools
Cardano is a decentralized proof-of-stake network and one of the most potent challengers to Ethereum. Despite being a top 10 cryptocurrency with a market valuation of over $15 billion at the time of writing, ADA is among the best crypto to buy under a penny.
With its Alonzo upgrade in 2021, Cardano put smart contract support into place. In contrast to other blockchains, the Cardano network requires peer approval for all applications and protocols before they can be implemented.
Moreover, there are various other use cases for ADA. For example, investors can take part in the staking and validation process. They also have the option of operating or owning a stake pool.
Trusted server nodes have the task of verifying transactions. The Cardano platform allows investors to manage numerous assets. They can also develop NFTs and smart contracts.
75% of the total coin supply has been mined at the time of writing and ADA is trading at approximately $0.46.
Cryptoassets are highly volatile and unregulated. No consumer protection. Tax on profits may apply.
6. Tron (TRX) – Decentralized Network With DeFi, Web3, and NFT Integration
Another well-known rival of Ethereum is Tron. Instead of attempting to mimic the Ethereum ecosystem, the Tron project developed its own blockchain with an emphasis on entertainment.
Similar to Chiliz, the Tron platform gives content producers control over their creations. They may use this decentralized network to directly share their work and material with their friends and followers while earning a commission in the form of cryptocurrencies.
TRX is also among the best penny crypto coins. Tron incorporates a number of cutting-edge crypto technologies into this decentralized network. This…