Looking for the top penny cryptos to invest in 2022? Here’s the list.
Numerous factors determine the true potential of crypto. It could be the underlying technology, its fundamentals, the community or team behind the coin, or mere hype. If you are looking for cheap cryptos, it is always best to look for those with real-world utilities or applications. To make your search seamless, we have rounded up the top 5 best penny cryptos to buy/invest in 2022.
What Is Penny Crypto?
Before we dive into the best penny cryptos in 2022, it is crucial to understand what a penny cryptocurrency is. Penny cryptos are digital currencies that trade for a few pennies or less than $5 per unit. Despite being high-risk investments, they are cheap and would grow tremendously in the future. The key benefit of investing in penny cryptos is that they have the potential to profit along with being an extremely cheap entry point.
VeChain (VET)
Given the strong functionality and rapidly growing adoption, the VET token has positioned itself as one of the top penny cryptos to buy in 2022.
VeChain is a layer-1 smart contract blockchain-as-a-service platform that strives to disrupt the traditional data management status quo. It is mostly utilized by enterprises who want to leverage the benefits of the Internet of Things to avoid counterfeiting.
VET, the native token of the platform, has been in the limelight over the past few months. Experts predict that VET could be the best penny crypto to buy in 2022, especially when the token is trading at $0.02441.
VeChain would grow tremendously in the future as crypto is laying the digital framework for the Fourth Industrial Revolution, which calls for near-real-time data exchange. Multiple high-profile companies and government bodies have already adopted the technology. With more companies joining the list, the price and value of VET would eventually skyrocket.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Stellar (XLM)
Stellar is quickly becoming one of the most popular blockchain solutions in the crypto sphere, bolstering the investability quotient of XLM.
Stellar is designed to facilitate the seamless transaction of money anywhere in the world quickly and cheaply. The proposed goal of XLM is to become an open financial system that gives access to all income levels for executing low-cost financial services.
Like most cryptocurrencies, it has shivered its way through a prolonged crypto winter in 2022. Trading at $0.105550, as of writing, XLM presents itself as one of the best penny cryptos to invest in 2022. Moreover, it has also found a wide variety of use cases in logistics and borderless payment transfer industries. The technology has been used by numerous companies like Mobius Network, SureRemit, and Smartland. The increased adoption of the Stellar network would indeed boost the price and value of XLM in the future, making it a good buy now.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Chiliz (CHZ)
CHZ's unique use case in the sports sector has positioned Chiliz as one of the most innovative cryptos with massive growth potential.
From logistics to business to finance, cryptocurrencies are in a rush to disrupt every sector of the market. Thanks to CHZ and the Chiliz cryptocurrency, the sports industry is no exception today. CHZ, powered by Socios.com, is one of the major players in the blockchain sports sphere. The platform allows token holders to participate in the governance of sports clubs and earn rewards for doing so.
CHZ has been on a consistent rally since the beginning of the year, especially after FC Barcelona announced a multi-million dollar partnership with Socios. Trading at $0.215, as of now, this penny crypto has opened a door for even novice investors to reap their stake in this lucrative sector at an affordable price.
The company has already collaborated with several well-known sports clubs and teams like Juventus, Atletico Madrid, AC Milan, and PSG clubs, and more partnerships would also raise its value.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Reef Finance (REEF)
Reef Finance has evolved from a mere DeFi platform into a fully-fledged blockchain system, making REEF a good buy in 2022.
Reef stands for Reliable, Extensible, Efficient, and Fast, which pretty much describes the network’s significant features. Reef Finance emerged as a blockchain solution solely focused on DeFi, NFT, and decentralized gaming. It is known to be the first cross-chain crypto operation system that facilitates the transfer of tokens and liquidity between different blockchains.
Improved transaction speed, reduced transaction costs, and a transition from high energy-intensive mining are some of the key selling points of the Reef network. The penny coin REEF presents the best entry point for a crypto investment in 2022 since it's trading at just $0.003737 as of writing.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Dogecoin (DOGE)
The popular meme coin certainly tops the list of the top 5 best penny cryptos to buy in 2022.
What started as a joke is now one of the most popular and widely adopted penny tokens in the crypto sphere. Dogecoin has an ever-expanding community, and the crypto is adopted as a payment token by established companies Tesla. Moreover, the developers are keenly working on expanding DOGE's use cases, which will significantly bolster its price and value.
Trading at $0.06221, as of now, DOGE could be the best penny crypto to buy in 2022 for investors to reap profits in the long run. The launch of Dogechain, Layer 2 for Dogecoin, has given users access to NFTs, Games, and DeFi, positioning itself as an ideal buy now.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
The Bottomline
Today there are several penny cryptos with equal potential that allows every investor to get their fair market share. These are the top 5 best penny crypto investments in in 2022 if you want to diversify your portfolio.
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