7 Best Penny Cryptocurrencies To Invest For Long-Term

7 Best Penny Cryptocurrencies To Invest In 2022 For Long-Term

When the term cryptocurrency is discussed, Bitcoin immediately comes to mind for crypto newbies. Without a doubt, Bitcoin is one of the best and most reliable cryptocurrencies to have in your portfolio if you want to protect your wealth and generate solid profits over the long term. But if you're wanting to invest in some of these top penny cryptocurrencies this year and want to do more than just preserve your wealth, I mean, generate big gains from crypto coins, you should do so.

Cryptocurrency coins having a market capitalization of less than $1 meet our requirements for our assumptions. This offers the cryptocurrency coin the potential to have an enormous growth at a specific period in this bull market.

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XRP now has a market capitalization of $158.28 billion and is trading at $1.58 as of the time of writing. In contrast, ADA (Cardano), which has a market capitalization of $63.82 billion, is offered for $1.99.

Even though this does not imply that the currency would remain unchanged, it does demonstrate that gains of up to around 100x and 1000x are no longer feasible because doing so would need them to surpass Bitcoin as the market leader, which is virtually unachievable.

Therefore, the following characteristics must be taken into account while choosing the best penny cryptocurrency to invest in:

Check Out: Top Best Cryptocurrency Investment Apps In The US

Less than a dollar
Small market capitalization
Great project
Very popular
Listed on major exchanges (optional).

Let's take a look at some of the best long-term penny cryptocurrency investments with enormous return potentials.

7 Best Penny Cryptocurrencies to Invest {Huge Profit Potentials}

VeChain ($VET)

As you read this, VeChain, symbol $Vet, is unquestionably one of the greatest penny cryptocurrencies to invest in.

It can increase in value up to $5, a 1000x profit, but is still only worth less than 5 cents right now.

VeChain is a blockchain supply chain platform that was introduced in 2016, according to its whitepaper. It attempts to provide an ecosystem that addresses issues with supply chain management by utilizing distributed governance and IoT (IoT).

The VeChain platform, according to its creators, employs two internal tokens, VTHO and VET, to build and administer the value-based VeChain Thor public blockchain.

Read Also: Top 10 Bitcoin alternatives for long term investment

Sunny Lu, an IT executive and former CIO of Louis Vuitton China, founded the company with the goal of improving supply chains' traceability, efficiency, and transparency while giving end users greater control and lowering costs.

VeChain ($VET) Price Prediction at the end of è $2.

Zilliqa {$Zil}

Zilliqa has the ticker $Zil, and since its launch in 2018, this coin has increased by more than 2000% and has the potential to rise much more.

About Zil Zilliqa is a permissionless, public blockchain that can handle tens of thousands of transactions per second and offer fast throughput. By using sharding as a second-layer scaling method, it addresses the problem of blockchain speed and scalability.

The $Zil platform supports yield farming and many other decentralized applications.

Right now, $Zil has;

Circulating Supply – 11.29B ZIL
Market Cap – $1,995,626,832
Fully Diluted Market Cap – $3,716,316,723
Max Supply – 21,000,000,000
Total Supply – 14,583,224,747

Therefore, $Zil should be considered as one of the top penny cryptocurrencies to invest in 2022 since it is reasonably priced and may offer you the most returns.

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SHIBA INU (SHIB)

Do you know what Doge is? Shiba Inu should be familiar to you. Shiba Inu was a remarkable canine that "motivated millions of people over the world to invest money into tokens with the dog's likeness on it," which led to the creation of the coin.

Although it has no genuine technological value, you cannot ban a coin from circulation because it has millions of supporters.

The Shiba Inu coin has already made its early backers millionaires, much to how Dogecoin began (insert the link to how Doge started).

As you read, the Shiba Inu coin has fallen precipitously as a result of the Ethereum blockchain network's creator donating 50% of the coin's liquidity to combat Covid-19 in India.

Because of this, now is a good time to start trading and wait until the end of the year to maximize your profits.

Currently, it has;

A Market Cap of – $6,176,935,464
Circulating supply of – 394,796.00B SHIB
Max total supply of – 1,000,000,000,000,000

Shiba Inu Price Prediction è $0.001

SAFE MOON

Essentially a Decentralized Finance Token (Defi), SafeMoon Protocol performs three services during each swap or exchange;

LP Acquisition
Reflection
Burn

The creators claim that it blends RFI tokenomics and the auto-liquidity generation system. According to Safemoon's CEO John Karony, the company's future plans include creating an NFT (non-fungible token) exchange, cryptocurrency teaching programs, and charitable endeavors.

One of the greatest penny cryptocurrencies to buy in right now for this year is this one.

Safemoon currently has;

A Market Cap of – $5,043,742,601
Fully Diluted Market Cap of – $8,660,736,413
Circulating Supply of – 585,536.37B SAFEMOON
Max Supply of – 1,000,000,000,000,000

SafeMoon Price Prediction =è $0.001

Harmony ($ONE)

A blockchain platform called Harmony is intended to make it possible to utilize and develop decentralized applications (DApps). By concentrating on random state sharding, which makes it possible to create blocks in a matter of seconds, the network innovates how decentralized applications operate.

Harmony will launch cross-chain infrastructure and cross-chain contracts by the end of 2022.

$ONE has increased in value by approximately 5353.03 percent since its creation in June 2019 and is one of the top penny cryptocurrencies to invest in due to recent accumulation and positive signals.

Harmony ($ONE) was founded by Stephen Tse.

With a 24-hour trading volume of $646,013,352, it is currently being sold for $0.1708. In the past 24 hours, Harmony has increased by 22.06 percent. With a live market cap of $1,632,521,555 USD, the current CoinMarketCap ranking is #74. It has a maximum quantity of 12,600,000,000 ONE coins and a circulating circulation of 9,507,132,552 ONE coins.

Harmony Price prediction è $2.

Ravencoin ($RVN)

A blockchain use case specific to one particular task is being implemented by the digital peer-to-peer (P2P) network Ravencoin.

the gifting of property to another party.

The coin was introduced on October 31, 2017, and it is based on a fork of the Bitcoin code.

"Game of Thrones," a TV program, served as the name's inspiration.

With a live market cap of $1,145,471,576 USD, CoinMarketCap now ranks #95. 8,800,105,000 RVN coins are now in circulation, and the total supply is 21,000,000,000 RVN coins.

With a growth rate of nearly 391.6 percent since debut, there is still enormous room for expansion.

$1 is the expected price of Ravencoin.

Ankr ($ANKR)

Anrk is a system that makes use of resources to offer simple and inexpensive hosting options for blockchain nodes. Ankr was created in November 2017, and with the help of its shared resources, it has established a market for container-based cloud services.

Now, blockchain nodes may be readily deployed by developers and business clients for less money than with cloud providers.

A single point of failure and centralization problems will be eliminated by hosting blockchain nodes on the Ankr platform. In order to connect resource providers and end users to Defi apps and blockchain technologies, Ankr wants to provide an infrastructure marketplace and platform for Web3-stack deployment.

With a USD 291,724,477 24-hour trading volume, Ankr is currently trading below 5 cents. With a live market cap of $1,135,071,721 USD, the current CoinMarketCap ranking is #96. It has a maximum quantity of 10,000,000,000 ANKR coins and a circulating circulation of 6,996,232,711 ANKR coins.

Ankr is one of the finest penny cryptocurrencies to invest in and make a good profit with a small amount of capital because it has increased by 1169.69% since its launch and still has plenty of room for growth.

$2.5 is the expected price for Ankr.

How to Spot a Good Penny Cryptocurrency

Here are some tactical indicators you should take into account if you decide to look for cryptocurrencies on your own without relying on any outside predictions.

Market Capitalization

A company has a greater possibility of reaching a new ATH (All-Time High) in terms of profit and value the smaller its market capitalization.

Whitepaper

To find out if a new penny cryptocurrency has a future roadmap, always read the whitepaper. You can read a company's "Vision" and "Mission" in a whitepaper to see whether they are trying to address any real-world issues.

By purchasing their tokens, you may participate in their vision and mission.

Current Price

The wisest course of action if you have limited resources is to look for penny cryptocurrency coins rather than investing in Bitcoin, which is already worth over $40,000. Unless you invested in purchasing a whole Bitcoin, your profit margin won't be significant even if Bitcoin increases to $100,000 and you invested $1,000.

However, if you invested $1,000 into a coin with a price of $0.01, you would have 100,000 tokens of that coin. If the cost drops to $1, you end up with $100,000 and a $99,000 net profit.

The finest penny cryptocurrency to invest in may be determined by taking into account the coin's current price.

Team

It is not a smart idea to invest in a cryptocurrency if the team behind it is anonymous. When attempting to advertise their token, a coin's founder is a crucial component.

Would you purchase stock in a hypothetical business with an anonymous CEO? Consider cryptocurrency in a similar manner.

Social Media Following/Popularity

A coin has a greater chance of hitting high ROI the more popular it becomes. The coin would be purchased by investors, which would cause its price to skyrocket.

You could wish to invest some money in a relative penny cryptocurrency if you notice it is gaining attention and buzz. Who knows, you might awaken to a pump, just in case.

What is the cheapest crypto to invest?

The cheapest crypto to invest is Shiba Inu, popularly known as "Doge Killer," and it has numerous enormous potentials. It has grown by more than 15,000 percent in just one month, and it's anticipated to continue producing enormous returns on investment.

Conclusion on the 7 Best Penny Cryptocurrencies to Invest for Long-Term

You may want to leap in and start investing right away now that you've seen some of the finest penny cryptocurrencies to buy in.

Please get in touch if you require additional advice, and I will gladly address all of your concerns.

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