Invest in these penny cryptos and double your returns in the long run.
Bitcoin and Ethereum have always been go-to options for several investors over the past few years. But investors with low budgets also have an opportunity to enter the market by investing in penny cryptos. Penny cryptocurrencies are those digital assets that trade anywhere between a penny to $5. Investors have been clamping onto several cheaper alternatives as they have the potential to blow up and grow tremendously in value over the years. So with further ado, here are the top 5 penny cryptocurrencies to buy before 2023 begins.
TamaDoge (TAMA)
TAMA is the first meme coin that boasts a metaverse, an NFT store integrated into the platform, and features like P2E (Play-to-Earn) and token utilization.
Tamadoge is a penny crypto with a unique focus on providing investors with value in the form of utility. With its innovative and engaging play-to-earn game, the crypto is designed to appeal to investors and casual gamers.
The massive amount of demand the presale of TAMA experienced and the increasing growth of Telegram and Twitter accounts are signs that investors have complete faith in Tamadoge. TAMA has already confirmed a listing in the centralized exchange (CEX) LBank and has plans for a steady stream of listings in the coming years. Trading at $0.0000000003, TAMA becomes the best penny crypto to buy before 2023 begins.
In Q4 2022, the team will also release the Tamadoge store and NFT pets, bolstering demand as more players stock up on tokens. Yet another reason for buying TAMA is its strong tokenomics. It features a fixed supply of 2 billion tokens with a 5% burn rate. With time, TAMA will become far more scarce, boosting its long-term prospect.
Furthermore, the rollout of the P2E game on Tamadoge will cause a surge in interest. The host of Metaverse partnerships would see Tamadoge work on driving centralized exchange (CEX) listings.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Polkadot (DOT)
Polkadot envisions the cross-chain protocol as the heart of the whole Web3 vision.
Polkadot’s goal is to decentralize the web and facilitate the seamless transfer of items across different chains. The impressive aspect of DOT is its interoperability with multiple independent blockchains.
The network’s energy efficiency and customized blockchain development paired with a cross-chain, para-chain combination have made it an ideal choice for developers. Moreover, with Web 3.0 entering the mainstream, Polkadot would become a significant cog in the crypto sphere, making it a good buy before 2023 begins. The token’s value would skyrocket in value once people start to use it in Web 3.0 applications and services.
The continuous development of the Polkadot blockchain is another contributing aspect to the spike in DOT’s value. The penny crypto offers an affordable entry price for investors now because, with the expansion of the Polkadot DeFi sector, DOT would hit new all-time highs.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
VeChain (VET)
VeChain aims to disrupt the current data management status quo.
VeChain helps companies to create dApps that work with the Internet of Things. The crypto’s whitepaper 2.0 defines the project’s vision and says that “VeChain believes that blockchain technology is one of the foundations for the next generation of information technology, alongside emerging technologies such as AR, VR, AI, IoT, 5G and more.”
The crypto is trading ($0.022136) significantly down from its 2021 all-time high of $0.2782, making VET the best penny crypto to buy before 2023 begins. VeChain has numerous real-world use cases across verticals, like the food and beverage, fashion, and automotive sectors. Numerous high-profile companies and government bodies have already adopted the technology, boosting the network’s adoption to new levels.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Shiba Inu (SHIB)
The Shiba Inu has been in the limelight for several reasons, and its entry into the metaverse would bolster SHIB’s price to new levels.
Since the penny token entered the market, it has started garnering the attention of investors and enthusiasts alike. SHIB even managed to beat the returns of crypto behemoths like Bitcoin and Ethereum.
SHIB has positioned itself as the best penny crypto to buy before 2023, trading at $0.000010 as of writing. A key catalyst that would boost the token’s price is its entry into the Metaverse. The crypto aims to expand its network’s reach more with Shiba Land. All these initiatives have set high expectations for SHIB’s long-term growth, making it the best buy before 2023 begins.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Cardano (ADA)
ADA is one of the high-potential penny cryptos to buy now, thanks to its consistent network developments.
Like Ethereum, Cardano deploys smart contracts to support various DeFi protocols, applications, games, new cryptos, and many more. It boasts an advanced and efficient network where the programs and protocols are peer-reviewed before any changes are onboarded to the network. This makes the network highly dynamic, flexible, and adaptive to emerging crypto technologies. The integration of smart contracts with Alonzo upgrade and numerous other developments has enhanced the network’s capabilities, bolstering its adoption.
ADA is the token that powers this blockchain protocol. The token has provided users with significant returns at an affordable entry price, providing a high return on investment. While ADA reached an all-time high of $3.1 in 2021, investors can buy the token now for just $0.446445. The coin could definitely hit its all-time highs again, making it one of the best penny crypto to buy before 2023 begins.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
The Bottomline
One of the great advantages of penny cryptos is that they offer profitable returns with just a small amount of investment. So invest in these top penny cryptos before 2023 begins to generate profitable returns.
Read More:
Best Crypto To Buy Right Now On Reddit
Top 10 Best Penny Cryptocurrency To Buy
Best Beginner Crypto To Invest In
Fastest Growing Cryptocurrencies