Top 8 Penny Cryptocurrencies To Explode In 2022

Last Updated March 29th 2022
15 Min Read

Best Penny Cryptocurrencies Set To Explode In 2022

cryptocurrencies that could give an extraordinary return

Below are some of the already existing penny cryptocurrencies that could give an extraordinary return in 2022.

Now let's take look at the top penny coins to explode in 2022, why they will explode and how much would be wise to invest in them.

Dogecoin

Dogecoin easily meets all the steps above, making it one of the top penny cryptocurrencies that could give investors a massive return in 2022.

For starters, Dogecoin’s adoption levels are on the rise. At the moment, more than 20 major companies now use Dogecoin for payments. One of them is the Dallas Mavericks basketball team that now uses Dogecoin for merchandise sales.

In essence, unlike in the past, Dogecoin now has intrinsic value, which puts it in a good position for growth in 2022.

Besides its growing adoption, Dogecoin also scores well in terms of its price. While it was one of the best performing cryptocurrencies in the last Bull Run, its performance has been quite sluggish since May.

Even in the past week when most cryptos have rallied by a huge margin, Dogecoin has not gained much. In fact, it was a net loser in the last week. 

Given that its adoption levels are growing, and there is big news coming up, then its current price action presents an amazing buying opportunity for investors. Once it starts to pump, anyone who gets in now could be sitting on a pretty high ROI.

Speaking of big news, Dogecoin’s news for 2022 is probably the biggest in crypto. In Q1 of 2022, Elon Musk, through SpaceX, collaborating with Geometric Energy Corporation, will be blasting Dogecoin to the moon.

This is a very big deal and should get every Dogecoin investor very excited. That’s because space events are a big deal and always get a huge deal of media attention. Now couple that up the influence that Elon Musk has not just in crypto, but in other spheres of life, and it is easy to see why the Dogecoin hype in 2022 could be one of a kind.

In the last crypto Bull Run, Elon Musk made a series of tweets about Dogecoin, most of them pretty meaningless, and pushed it up by 12,000%. Now that there is something huge coming up, his comments could easily see Dogecoin repeat early 2021 in 2022.

Its potential to rally in 2022 is enhanced by the fact its technical capabilities are getting better. Since Dogecoin was ideally designed to be a joke, its developer team abandoned it long ago. 

However, since the Musk-inspired rally of 2020 to early 2021, the team is back. It has even been seeking ways to make Dogecoin scale better and handle transactions more efficiently.

A combination of these factors makes it a top penny cryptocurrency to watch in 2022.

Check Out: Dogecoin (DOGE) Price Prediction

Shiba Inu

Shiba Inu is another penny crypto that fits in the steps, making it a potentially big winner in 2022.

Shiba Inu’s adoption levels are on the rise. While the project started out as a joke; riding the Dogecoin wave of 2020, it has since morphed into a pretty serious project.

Lots of people now use Shiba Inu for payments, and it has even been added to shopping.io. This means it is now amongst the basket of cryptocurrencies that one can shop on sites like Amazon and e-Bay.

On top of its growing adoption, Shiba Inu has recorded lots of growth in its ecosystem. The project went from a meme token to having a DEX that is growing quite fast in adoption. Not only does this DEX add to the liquidity levels of Shib, it also allows for Shib staking.

This has made the project very attractive to many investors looking to make a passive income off crypto. In essence, unlike in 2020 and the first half of this year, the demand and liquidity for Shiba Inu are likely to be much higher in 2022. That’s if the broader market remains bullish. It’s a factor that could easily see SHIB test highs that may seem improbable at the moment.

On the price metric, Shiba Inu is pretty good for someone looking at it as an investment for 2022. While it has gained by over 200% in the last few days, it is still way off its all-time highs. As such, there is a lot of room for growth for an investor looking for extraordinary ROI in 2022.

Another interesting facet to Shiba Inu is that the hype is building up. The searches for Shiba Inu in social media cycles and Google trends have been on the rise in the last couple of weeks.

This has largely been triggered by a mention of the project by Elon Musk. It is also driven by talk of a token burn that could shrink the total supply of this crypto by a considerable margin.

The potential for the hype to drive this crypto in 2022 is already showing in its price action. In the last few days, when Bitcoin has tested highs of $67k, Shiba Inu rallied by 225%.

It’s an indicator that if the market enters a full-blown Bull Run in 2022, Shiba Inu could give returns reminiscent of its gains in Q1 of 2022.

Don't Miss: Shiba Inu (SHIB) Price Prediction

VeChain

Vechain is another penny cryptocurrency that has a lot of potentials to go parabolic in 2022.

One of the factors that give it a high potential is its use case. Unlike Shiba Inu and Dogecoin which to a large extent only thrive on hype, Vechain has a real use case.

The project can help bring integrity in supply chains, especially in industries most prone to counterfeits. There are lots of industries that have this problem, with the fashion industry being the most affected.

With the use case for Vechain on this front becoming increasingly clear over time, the intrinsic value of the project will only go up. In the event that the broader crypto market will be bullish in 2022, this penny cryptocurrency could easily outperform the market by virtue of its strong use case.

It is also noteworthy that Vechain has been quite sluggish since the last Bull Run came to end in April despite its strong fundamentals. This presents an opportunity for investors to get in at low prices, with a target of an extraordinary ROI if the next Bull Run peaks in 2022.

 Vechain is also showing clear signs of rallying hard if Bitcoin sustains its current momentum. In the last few days when Bitcoin pushed through the $64k mark, Vechain rallied by over 100%.

If this trend continues and Bitcoin pushes through the $100k mark, there could be a very strong chance of Vechain testing prices way past $1 by 2022.

Read Also: VeChain (VET) Price Prediction

Hedera

Hedera is another gem in the penny cryptocurrency category that has the potential to outperform the market in 2022. This crypto pretty much ticks all the right boxes in the criteria discussed above.

For starters, its adoption is one of the highest in crypto, outside of Bitcoin and Ethereum. This has a lot to do with the fact that the project has the backing of some of the largest corporations in the world. Organizations like Google and IBM are a part of its governance members.

Pricewise, Hedera is pretty much in the right place for anyone who wants to profit from it in 2022. Since it hit highs of $0.55 back in April, it has been on a downward spiral.

However, its price is stabilizing, an indicator that it has hit bottom. For crypto with its fundamentals, this makes its current price a perfect entry point. That’s because if it rallies from its current price and surpasses its all-time highs, anyone buying it now would be sitting on a pretty healthy ROI.

It’s one of the penny cryptos that offer a mix of high potential for growth and an element of security. It’s secure because as long as its adoption is growing, you can be sure that it will never go to zero.  You can’t say the same of meme cryptos and a lot of other penny cryptocurrencies.

Check Out: Hedera Hashgraph (HBAR) Price Prediction

Theta Fuel

Theta Fuel makes it to this list by virtue of its high utility. This is the crypto that is used in the day-to-day operations of the Theta network. For instance, when users share videos on this network, they are rewarded in TFuel.

This basically means that as the Theta Network grows as a content-sharing platform, so will the value of Theta Fuel. While this is more of a long-term goal, it is likely to play a role in the value of this crypto if the broader market sustains the momentum that started last week.

Theta Fuel price is also in a good position, especially if the market turns bullish from now up until 2022. That’s because it is still 57% off its all-time highs. In essence, if broader market momentum pushes it to retest its all-time highs, and make new ones, anyone who gets in now would be sitting at a pretty good profit.

XDC

XDC network may not have the hype of Dogecoin or any of the other penny cryptocurrencies discussed above. However, it has performed quite well in the past, and its fundamentals look pretty good going forward.

XDC is the native token of the XDC network, a blockchain project aimed at trade finance. By offering a cheaper and more straightforward alternative to conventional trade finance, there is a good chance that the value of XDC will go up over time. It’s not a fluke that this crypto is up by 64,000% since 2019.

Its current price is also perfect now that the market is turning bullish. XDC is still 47% off its all-time highs.  This means there is a lot of room for growth, and it could give investors a pretty healthy ROI.

Basic Attention Token

The Basic Attention token is one of the penny cryptocurrencies with the clearest use cases. It is also angling for a high growth aspect of the crypto market, the web 3.0 market.

In essence, as crypto awareness grows with each crypto hype cycle, its adoption, and by extension, value, will only go up. This is evident in all the previous crypto Bull Runs that it has gone through.

Aside from its strong fundamentals, BAT is still 58% off its all-time highs. This means if the next bull cycle kicks off in 2022, anyone who buys BAT now will make a decent ROI.

Don't Miss: Basic Attention Token (BAT) Price Prediction

Ravencoin

Ravencoin makes it to this list for its strong use case. It is the native token of the Ravencoin project, which is making the creation and transfer of crypto assets easier for everyone.

In essence, as the adoption of this network grows, so will the value of Ravencoin. With use-value increasingly becoming a major factor in crypto pricing, Ravencoin is in a good position for growth going into 2022.

Its price is pretty attractive too, given that it’s still close to 60% off its all-time highs. In essence, if bulls gain momentum and push the entire market to new levels, anyone who buys this crypto now could make a tidy profit off it.

It may not give the gains of highly hyped cryptos like Shiba Inu, but it can give an above-average ROI.

There is a technique that one can follow, and easily build a portfolio of high potential penny cryptocurrencies going into 2022. The technique can be broken down into the steps below:

1. Be On The Lookout For New, Highly Hyped Projects

In most cases, getting in early is the surest way to profit in crypto and pretty much all financial markets. For instance, when it comes to stocks, early investors (usually accredited investors) are almost always guaranteed to make money once a stock goes public.

In the crypto market, it’s more advantageous because there are no barriers to entry, such as the requirement to be an accredited (high net worth) investor. Pretty much anyone can get in early on any project and ride the initial pump cycle or hold for long-term profits.

Given the likelihood of the market being in a bull cycle going into 2022, getting in early on new projects is hugely advantageous. If the hype is strong enough, you could easily make 1000x easy by 2022. 

The big question now is, how do you find new projects that could be the next big thing? Well, that’s pretty easy. Sites like CoinMarketCap have a segment for new project launches. Many other websites have real-time data on new projects that are coming to the market. 

Bookmark such websites so that you can get live updates when new projects hit the market. However, even as you invest in new projects, you need to do it with caution. You can easily waste all your capital on worthless tokens in the quest to get in early.

To minimize the chances of buying worthless tokens, most of them launched by scammers, follow the following steps.

a)   Look at the team behind the project

Before you invest in a new cryptocurrency, look at the people behind it. As a rule, avoid new projects that have anonymous founders. Anonymous launches were cool in the past, but not anymore. Today, scammers looking to Rugpull investors tend to do anonymous launches. This minimizes their risks of getting caught and being held accountable for their actions.

b)   Look at their marketing strategy

Let’s get real for a minute. In a market with over 6000 cryptocurrencies, there is very little chance that a new project will offer anything new. Most of them are copy-pastes of each other, or just offering the same services differently.

In essence the technical capabilities of the team aside, you need to look at the marketing strategy. In specifics, you need to look at the team’s past experience with digital marketing, especially the ability to build hype on social media.

If you find one whose team is strong on this front and a good developer team behind it, you have stumbled at a potential winner.

c)   Look at the tokenomics

Most penny cryptocurrencies tend to have a very large supply. However, that’s not the issue per se. When investing in a new crypto project, make sure that the total supply is either hard-capped or decreases over time through coin burns.

That plays a role in attracting new investors, it also guarantees that the price goes up over time.  Its simple demand and supply dynamics.

2. If You Go With Existing Crypto, Look At Its Adoption Levels So Far

While new projects have the most potential for high returns in 2022, you should not discount existing projects either.

There are tons of old penny cryptocurrencies that rallied beyond anyone’s imagination in the last crypto rally. For instance, Dogecoin is one of the oldest cryptocurrencies in the market, yet it outperformed the market in 2020 despite having been a sleeper for years.

If you choose to go with an existing project, adoption should be the number one metric to consider. That’s because it shows that there is actual demand for the project. That’s a good indicator that the project has intrinsic value, and can easily outperform the market with a good amount of hype.

3. If You Go With An Existing Project, Look At The Current Price

Once you are sure that the project you are eyeing has a healthy level of adoption, the next important thing to consider is the current price.

If you want a penny cryptocurrency that can give you 100x or more, then its price should be quite low at the moment. The idea is basically to buy low and sell very high at the peak of the bull market.

That’s not to say that a project that is gaining at the moment cannot sustain the same going into 2022. However, for maximum ROI, it would be best to go for a project that is currently depressed in price, or just trading sideways at the moment.

4. Look At Where The Hype Is Going

In most cases, penny cryptocurrencies thrive on hype more than anything else. In essence, when choosing a penny cryptocurrency for 2022, you need to consider the direction that hype is going. One way to do this is to look at social media trends and Google trends for penny cryptocurrencies.

The best penny cryptocurrencies to buy in 2022 are those that are already building up strong momentum in social circles. These are the ones that could outperform the market if Bitcoin crosses the $100k mark in 2022, and the broader market ends up making new highs.

You can also look at upcoming news to determine where the hype is likely to go in 2022. This is easy to do, given that there are plenty of websites that track upcoming crypto events months ahead.

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