More and more people are turning to cryptocurrencies as a popular vehicle for investment. Although the market for digital currency is highly volatile, the fact that trading can be started with a little amount and the returns are good has made it so prominent in the financial markets. Here, let us find out the best penny cryptocurrency to invest in.
Penny cryptocurrency 2022- Explore your options
Check out the list of the top 9 penny cryptocurrency to buy now.
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Tether
Tether is one cryptocurrency that is not as volatile as its counterparts. It is one of the best cryptocurrencies to invest in because it is a stable value digital currency.
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USD Coin
USD Coin (USDC) is pegged to the United States dollar. It is a stable digital coin and runs on Hashgraph, Hedera, Tron, Ethereum, Stellar, Solana, and Algorand systems. This is one of the best penny cryptos to spend money on.
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XRP
Ripple technology serves as a digital payment network and cryptocurrency, one of the prominent cryptocurrencies. Ripple was founded by Ryan Fugger and Jed McCaleb, their angel investor, Chris Larsen. XRP is a good investment option.
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Dogecoin
Dogecoin is another cryptocurrency that you can invest in 2022. Starting in 2013, this open-source cryptocurrency was set up by Jackson Palmer and Billy Markus. It was initially created as a light-hearted, fun-filled joke whose appeal would in due course go beyond the Bitcoin audience.
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Shiba Inu
Dubbed as a Dogecoin killer, Shina Inu was created in August 2020. On May 13th, VitalikButerin donated approximately USD$1 billion (50 trillion SHIB) as per the value to the Covid-Crypto relief Fund in India. You can consider investing in this cryptocurrency, one of the best investment options in 2022.
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Binance USD
Binance USD or BUSD is a 1:1 USD backed stable coin that has been approved by the New York State Department of Financial Services and issued by Binance. It is a reliable marketplace and strives to become a provider of healthy trading platforms of a wide range of crypto assets.
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Crypto.com Coin
Crypto.com Coin is the native digital currency of the Crypto.com Chain. It is a decentralized and open-source blockchain developed by Crypto.com payment, financial services, and trading companies.
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TerraUSD
TerraUSD (UST) is Terra blockchain’s decentralized and algorithmic stable coin. It is pegged to the United States dollar and is scalable and yield bearing.
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Stellar
This is an open network and one of the best penny cryptocurrencies you can invest in the current year. It aids financial firms in connecting through blockchain technology.
The names of Penny cryptocurrency 2022 options are mentioned above. It is best to compare each one of them in terms of returns, ease of access, volatility, and prevailing market conditions to name a few.
Related Article: Top Cryptocurrencies in India – A Guided List
