7 Best Penny Cryptocurrencies to Invest in 2023 [Long-Term Profit]

Last Updated on April 9, 2023

For crypto noobs, once the term cryptocurrency is mentioned, what comes to mind is Bitcoin. No argument, Bitcoin is one of the best and stable crypto coins to have in your portfolio if you are looking to preserve wealth and earn good returns on your investment over the years. But if you want more than just wealth preservation – I mean looking to make huge profits from crypto coins, then you need to consider some of these best penny cryptocurrencies to invest in this year.

Our criteria for our assumptions are crypto coins worth just pennies and with a small market capitalization. This gives the crypto coin the ability to experience an astronomical increase at a particular point in this bull market.

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Crypto coins like XRP, ADA are pretty awesome, but their market capitalization might prevent them from experiencing astronomical growth.

XRP Token Information

While…

ADA Token Information

As of writing this article, XRP is sold at $1.58 with a Market Capitalization of $158.28 Billion. In comparison, ADA (Cardano) is sold for $1.99 with a Market Capitalization of $63.82 Billion.

While this doesn’t mean the coin would remain stagnant, it certainly shows that profits up to about 100x and 1000x is no longer possible because that would mean that they would overtake Bitcoin as the market leader – which is almost impossible.

So for the best penny cryptocurrency to invest in, we have to consider coins with the following attributes;

• Less than a dollar
• Small market capitalization
• Great project
• Very popular
• Listed on major exchanges (optional).

Let’s consider some top penny cryptocurrencies to buy for the long term with huge profits potentials.

7 Best Penny Cryptocurrencies to Invest in 2022 {Huge Profit Potentials}

VeChain ($VET)

VeChain with the ticker $Vet is certainly one of the best penny cryptocurrencies to invest in as you are reading this.

It is still currently valued at less than 5 cents and can reach as high as $5, a 1000x profit.

According to its whitepaper, VeChain is a blockchain supply chain platform launched in 2016. It aims to use distributed governance and IoT (IoT) to create an ecosystem that solves supply chain management problems.

According to the developers, the VeChain platform uses two in-house tokens VTHO and VET, to create and manage value-based VeChain Thor public blockchain.

Founded by Sunny Lu, an IT executive who was formerly CIO of Louis Vuitton China, his idea is to boost traceability, efficiency, and transparency of supply chains, while placing more control in the hands of personal users and reducing cost.

VeChain ($VET) Price Prediction at the end of 2022 è $2.

You can buy on Binance by clicking “Here.”

Zilliqa {$Zil}

Zilliqa comes with a ticker known as $Zil, and since its creation in 2018, this coin has grown over 2000% and has the potential to grow further.

About Zil

Zilliqa is a permissionless, public blockchain that can offer high throughput with the ability to complete hundreds and thousands of transactions per second. It solves the issue of blockchain speed and scalability by employing sharding as a second-layer scaling solution.

The $Zil platform is housing many decentralized applications, and it allows staking and yield farming.

Currently, $Zil has;

• Circulating Supply – 11.29B ZIL
• Market Cap – $1,995,626,832
• Fully Diluted Market Cap – $3,716,316,723
• Max Supply – 21,000,000,000
• Total Supply – 14,583,224,747

So if you are looking for one of the best penny cryptocurrencies to invest in 2022, you should consider $Zil as it is relatively cheap and could give you maximum returns.

SHIBA INU (SHIB)

Have you heard about Doge? Then you should know Shiba Inu. The coin was developed due to a special dog named Shiba Inu, and “and this dog inspired millions of people around the world to invest money into tokens with the dog’s image on it.”

It has no real technological value, but you can’t eliminate a coin that has millions of buyers as fans.

Just as Dogecoin started (insert the link as to how Doge started), the Shiba Inu coin follows much greater footsteps and has already made early investors millionaires.

As you read, the Shiba Inu coin has experienced a huge dip due to the founder of the Ethereum blockchain network donating 50% of the coin’s liquidity to fight Covid-19 in India.

This makes it a good time to enter the coin and wait until the end of the year to max out your profit.

It currently has;

• A Market Cap of – $6,176,935,464
• Circulating supply of – 394,796.00B SHIB
• Max total supply of – 1,000,000,000,000,000

Shiba Inu Price Prediction è $0.001

SAFE MOON

SafeMoon Protocol is basically a Decentralized Finance Token (Defi) and has three functions that take places during each swap/trade;

• LP Acquisition
• Reflection
• Burn

According to the developers, it combines auto-liquidity generating protocol and RFI tokenomics. The CEO John Karony has stated that the future of Safemoon is to develop an NFT (non-fungible token) exchange, crypto educational apps, and charity projects.

It is currently one of the best penny cryptocurrencies to invest in this year.

Safemoon currently has;

• A Market Cap of – $5,043,742,601
• Fully Diluted Market Cap of – $8,660,736,413
• Circulating Supply of – 585,536.37B SAFEMOON
• Max Supply of – 1,000,000,000,000,000

SafeMoon Price Prediction =è  $0.001

Harmony ($ONE)

Harmony is a blockchain platform designed to enable the use and creation of decentralized applications (DApps). The network innovates the way decentralized applications work by focusing on random state sharding, which allows the possibility of creating blocks in seconds.

By the end of 2022, Harmony will introduce cross-chain infrastructure and cross-chard contracts.

Since its creating in June 2019, $ONE has grown by over 5353.03%, and with bullish signs and accumulation happening over the past few months, it is regarded as one of the best penny cryptocurrencies to invest in.

Stephen Tse is the founder of Harmony ($ONE).

It is currently selling at $0.1708, with a 24-hour trading volume of $646,013,352. Harmony is up 22.06% in the last 24 hours. The current CoinMarketCap ranking is #74, with a live market cap of $1,632,521,555 USD. It has a circulating supply of 9,507,132,552 ONE coins and a max supply of 12,600,000,000 ONE coins.

Harmony Price prediction è $2.

Ravencoin ($RVN)

The Ravencoin Chart Details

Ravencoin is a digital peer-to-peer (P2P) network looking to implement a use case specific blockchain designed to handle efficiently one specific task:

The transfer of assets from one party to another.

It is built on a fork of the Bitcoin code, and the founders announced the coin on October 31, 2017.

The name was inspired by a TV show, “Game of Thrones.”

The current CoinMarketCap ranking is #95, with a live market cap of $1,145,471,576 USD. It has a circulating supply of 8,800,105,000 RVN coins and a max supply of 21,000,000,000 RVN coins.

Since its launch, it has grown over 391.6%, meaning there’s still huge growth potential.

Ravencoin Price Prediction è $1

Ankr ($ANKR)

Anrk is a solution that utilizes resources to provide affordable and easy blockchain node hosting solutions. Ankr was developed in November 2017, and it has built a marketplace for container-based cloud services through the usage of its shared resources.

Developers and enterprise clients can now easily deploy blockchain nodes at lower prices compared to cloud providers.

Hosting blockchain nodes on the Ankr platform will take away a single point of failure and centralization issues. Ankr aims to build an infrastructure marketplace and platform for Web3-stack deployment to enable resource providers and end-users to connect to Defi applications and blockchain technologies.

Ankr is currently selling below 5 cents with a 24-hour trading volume of USD 291,724,477. The current CoinMarketCap ranking is #96, with a live market cap of $1,135,071,721 USD. It has a circulating supply of 6,996,232,711 ANKR coins and a max supply of 10,000,000,000 ANKR coins.

Since its launch, Ankr has grown 1169.69%, with lots of room for more growth, making it one of the best penny cryptocurrencies to invest in and make a good profit with a small amount of capital.

Ankr Price Prediction is $2.5

How to Spot a Good Penny Cryptocurrency

Perhaps you want to go cryptocurrency hunting yourself without depending on any external prediction; here are some tactical indicators you should consider.

Market Capitalization

The smaller its market capitalization, the more chances it has of hitting new ATH (All-Time High) in terms of Profit and value.

Whitepaper

New penny cryptocurrencies always read their whitepaper to know if they have a map for the future. Whitepapers allow you to read the “Vision” and “Mission” of the company and know if they are looking to solve any real-life problem.

That way, you can key into their vision and mission by buying their tokens.

Current Price

If you start with a little capital, then hunting penny crypto coins is the best idea, instead of going for Bitcoin, which is already over $40,000. Even if Bitcoin moves to $100,000 and you invested $1,000, your profit margin won’t be much – except you invested in buying a whole Bitcoin.

But if you invest $1000 into a coin with a price of $0.01, you’d have a hundred thousand tokens (100,000) of that coin. If the price moves to $1, you end up with $100,000 and a net profit of $99,000.

Considering the current price of a coin is a criterion for knowing the best penny cryptocurrency to invest in.

Team

If the team behind a crypto coin is anonymous, it isn’t good to invest in such a coin. The founder of a coin plays a huge factor when trying to promote its token.

Imagine a company with an anonymous CEO; would you buy such stock? Think of it the same way with cryptocurrency.

Social Media Following/Popularity

The more popular a coin becomes, the more its chances of hitting high ROI. Investors would buy the coin, which would lead to a massive pump in price.

If you see a relative penny cryptocurrency generating buzz and attention, then you might want to throw in some dollars into the coin. Just in case, who knows – you might wake up to a pump.

What is the cheapest crypto to invest in 2022?

Shiba Inu, also known as “Doge Killer,” is the cheapest cry pto to invest in 2022, with many huge potentials. It has increased over 15,000% within a month, and it’s expected to do more huge numbers in terms of ROI.

Conclusion

Now you’ve seen some of the best penny cryptocurrencies to invest in 2022, and you might want to dive into them and start investing right away.

If you need more consultation, do well to reach out, and I will answer all your questions.