Top 5 Penny Altcoins To Pump Your Passive Gains By 100x

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Last Updated November 21st 2022
5 Min Read

Top 5 Penny Altcoins To Pump Your Passive Gains By 100x - Our Picks 

Ripple - The best penny crypto with numerous real-world use cases 

Cardano - High potential crypto, thanks to NFTs

The Sandbox - One of the best altcoins within the metaverse 

Dogecoin - The most popular meme coin to pump your passive gains in 2023 

USD Coin - The top stablecoin to add to your portfolio 

 

A Closer Look At The Top 5 Penny Altcoins To Pump Your Passive Gains By 100x

The entire crypto sphere was on a rollercoaster ride for the better part of 2022. Massive changes in the crypto sphere are hard to keep track of because of their sudden fluctuations and movements. Some of the best cryptos that would explode in the coming year are penny cryptos or altcoins that trade in or below $1. 

As we are nearing 2023, investors are now searching for penny cryptos that would pump massive gains by 100x in the next bull run. These 5 have already shown great potential and rising talent among thousands of altcoins. 

Ripple (XRP)

For those looking for the best altcoin to pump your passive gains by 100x, XRP could be your ideal choice. Ripple was designed as a payment protocol using blockchain technology to facilitate fast and cheap cross-border transactions. Its innovative network, RippleNet, has already partnered with hundreds of financial institutions and banks worldwide. Currently trading at $0.35, this penny crypto presents the best opportunity for investors to dig in. 

Ripple has been embroiled in an SEC lawsuit since 2020, which has been holding the crypto back. However, the lawsuit seems to be moving in a favorable direction for Ripple. Investors are extremely bullish about XRP in 2023, especially after Garlinghouse, the CEO of Ripple Labs, stated that it is unlikely that the case would go to trial. Once the legal suits settle, XRP will be available on numerous US-based exchanges, driving the demand and the digital asset's price. 

Despite the lawsuit or the crypto winter, the Ripple Ledger has been consistently working on its own sidechain, entering its testing stages. The sidechain would add interoperability to the blockchain as it is compatible with the Ethereum Virtual Machine (EVM). The second phase of the sidechain would take place in early 2023 and allow any developer to join the network. 

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Cardano (ADA)

Cardano is a highly sustainable, flexible, and scalable blockchain network that can run smart contracts. Users can create numerous decentralized finance apps, games, and new crypto tokens using the network. Several technological upgrades last year have proven Cardano's strong fundamentals. 

Trading at merely $0.3042, ADA is the best penny altcoin to pump your passive gains by 100x as updates like Hydra and enhanced real-world utilities are waiting in the pipeline. The much-awaited Vasil hard fork has made Cardano more developer-friendly, gaining more adoption. It also aims to bring enhanced functionality, greater scalability, improved throughput capacity, and more speed to the network. 

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

The Sandbox (SAND)

The Sandbox is a virtual gaming network that runs on the Ethereum blockchain. The 3D world contains digital assets like NFTs, virtual land, and SAND, the native token of the blockchain. The Metaverse allows players to build and monetize their gaming experiences using SAND. 

SAND has also seen massive adoption as Dubai's Virtual Assets Regulatory Authority (VARA), which aims to promote Dubai as an international leader for virtual assets and to develop a digital economy, declared its plans to create a metaverse in the Sandbox. Additionally, the rate of celebrity interest behind The Sandbox crypto is also notable. Several iconic names like hip-hop legend Snoop Dogg have marked their fair share of virtual real estate on The Sandbox's platform.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Dogecoin (DOGE)

Dogecoin is the most popular and one of the oldest meme coins in the crypto sphere. Elon Musk, the biggest supporter of Dogecoin, has triggered a tremendous rally, and numerous institutions have started accepting DOGE since 2020. This growing adoption would make Dogecoin a bright future ahead. 

Trading at $0.07564, DOGE is the best penny altcoin to buy now as it would enjoy increased utilities with Elon Musk’s acquisition of Twitter recently. With features like Dogepedia, a Wikipedia for Dogecoin, the creation of the GigaWallet, and redesigning of the Dogecoin.com website, the network would significantly become efficient, increasing its adoption. 

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

USD Coin (USDC)

USD Coin is a digital dollar that falls into the category of stablecoins, which are cryptocurrencies pegged to another asset. The asset, in this case, is the U.S dollar, and one USDC is created to maintain a value of $1. 

USD Coin aces both in terms of transparency and trustworthiness, the two significant factors for stablecoins. Yet another feature that makes USDT the best altcoin is the type of funds backing it. It consists of merely U.S. treasury securities and cash deposits rather than various financial instruments. The crypto has numerous major deals and partnerships that would help USDT tremendously expand as a payment method. The teaming with Circle and Robinhood to make USD Coin the first stablecoin offered by the broker is an ideal instance of its expansion. 

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

The Bottomline 

There are plenty of altcoins in the market today, making it highly confusing and intimidating to decide the right one to invest in. However, if you are looking for top penny altcoins, these are the best ones to pump your passive gains by 100x.

Read More:

How To Buy Ripple (XRP)

Where To Buy Cardano (ADA)

Where To Buy Dogecoin (DOGE)

How To Buy Meme Coins: 6 Steps For Beginners

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