Penny Cryptocurrency
A Penny Cryptocurrency is a type of digital coin that it market value is of $1 or less, these types of coins have little market price because of Crypto investors paid little or no attention to them as everyone is focusing on the coins with bigger value like bitcoin, ethereum and the rest.
Penny cryptocurrencies can be easily and clearly categorized according to many different ways like in terms of the time when the coin is being released to the market, how much amount of the crypto is available in the market quantitatively, how fast the coin grow and became popular, and how long the coin existed before it vanished or crashed.
Penny Cryptocurrencies is just like penny stocks that are not actually considered as an investment with much value. Penny cryptocurrencies are becoming attractive to investors because of their cheap value and their growth potential.
Advantages of penny cryptocurrencies
The main advantages of penny cryptocurrencies are that;
It helps in providing capital funding that will support a young financial project to make a history.
Investing in penny cryptos help the investor to invest in different types of coin.
This is important because when you make investment on different coins, it is not likely that all the penny cryptos are going to crash, one might boomed and recover the lost that might occur in others hence the risk is reduced.
The high volatility of penny cryptos is something that makes investors to make a reasonable profit.
Disadvantages of penny cryptocurrencies
The main disadvantages of penny cryptocurrencies are that;
Most investment in penny cryptos does not lead to any where
Penny cryptos are very volatile coins that investing in them is very risky with low success probability.
Dogecoin As My Choice
Investing in penny cryptos can be very tricky because of their high volatility, there are many penny cryptos that tend to show promising returns, penny crypto like Dogecoin is showing promising growth and potential future, so investing in them will give a very good positive probability.
The current value of dogecoin is $0.500262 and it's still growing on daily basis. The image below shows how Dogecoin is increasing in value and showing promising future to it's investors especially when the richest man Elon musk call himself the 'Dodgemaster', this gives it alot of popularity.
Ripple Analysis
Ripple a popular Centralized Cryptocurrency that is now top of the market which is even considered the seventh in rank after Bitcoin as the first followed by five others including binance and ethereum where some are predicting it to become Bitcoin killer in the time to come.
Ripple a digital legder that create the coin XRP in 2012, have since left the penny cryptos league where it is now considered as Altcoins the current price is $1.56 where it once managed and reach up to second in crypto ranking.
Ripple become attractive because of how it's accelerating faster in value, how it stayed longer in the market, the volume of coins available in the market, the reputation of the developers team, and how easy it can be liquidated.
When thinking of any crypto to invest in, XRP could be the best choice as it is accepted by many financial organization all round the globe.
My Top 5 Penny Cryptocurrency
RSR (Reserve Rights)
RSR (Reserve Rights) A utility token created by the reserve protocol that act as stablecoin platform on ethereum, which is now considered as one of the top penny crypto asset to invest in.
RSR has been in the bull market since the time of establishment with the current price of $0.0641 and it shows a positive potential in the crypto market in the time being.
There is a prediction that indicates that RSR price might rise to$0.2016 by 18 of May next year. This shows that RSR is a promising coin to invest into. The photos below shows how RSR acted since the day it's was created, and how RSR acted within 5 days. Culled from CoinCodex.com and Tradingview platform respectively.
ZIL (Zilliqa)
Zilliqa oftenly written as ZIL, created as a result of research from the University of singapore, launching their main net in January 2019 makes it the first Blockchain platform to Use the scaling solution sharding that allows the blockchain platform to scale in a linear fashion.
ZIL features a smart contract programm that is safely to use on their platform as scilla which is also a penny token that is very important to invest in. The market situation shows that Zil is a promising coin to invest in because of the uptrend as a result of demand of the coin. The picture below shows how the Zilliqa price is going up
VET (VeChain)
VET (VeChain) Vechain thor (VET) has two tokens the Vechain token VET and the Vethor Token VTHO are created with the main goal of solving the problem of economy in the real world.
It is use to power transaction and serves as the cost of making trade on its blockchain platform. Vechain is a penny crypto that has a high chance of potential in the coming future.
It is revealed that VET might boomed to 0.2 upward by December 2021. Below is the photo of VET statistical analysis and that of how it is rising and and why investing on it will for sure be the best coin to invest.
XLM(Stellar)
The main goal of stellar token is to create fair access of financial system in the world. An NGO , stellar development foundation created the token stellar in 2014 .it is an open source network that is fairly cheap crypto that is accelerating to get value in the cryptosphere
REEF(REEF Finance).
This is also another exciting penny crypto that have the potentials of a strong crypto in the years to come. The main goal of REEF is that it existed as a defi platform so as to solve the problem with Trading platform that existed.
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Hola @sandra484:
Gracias por enviar tu tareas, pero tu cuenta ingreso a la lista negra de plagio. Aquí la puedes consultar: LISTA NEGRA
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