Is there a market that is more volatile than crypto? Penny crypto is a digital asset that costs less than $5 per token. Because penny crypto is significantly less reliable than blue-chip cryptocurrencies, they remain a particularly appealing investment for people with a high-risk appetite.
In this guide, we’ll talk about whether you can make money from crypto and the top five penny crypto to buy in 2022.
Can you make real money with penny crypto?
Trading cryptos is one way to earn money using digital assets. Because of the higher risks, buying penny crypto involves a more educated attitude than investing in other cryptos.
Who knows if the hot penny crypto will be the next BTC or a heap of garbage this time next year? With penny cryptos, gut instinct and herd mentality aren’t enough.
As we’ll go further down the article, you’ll get to know how and when to buy the penny crypto.
How to earn with penny crypto?
Look no further if you’re wondering how to make money using penny crypto. Making money with relies on three mechanisms:
- To invest or trade in the crypto market. You may do this without holding any crypto, similar to how you can invest in gold on the stock market.
- To stake and lend coins to the system or other users using the currency you currently own.
- You may participate in the blockchain system by mining or collecting currency incentives for system labor.
How to start buying penny crypto?
Buying crypto safely entails four key steps:
Choose where you want to buy it
There are several secure methods to purchase BTC, but the most accessible one for newcomers is likely to be a centralized exchange.
Decide how you want to pay
While plenty of cryptos is traded globally, the most popular alternatives are generally available for purchase in the US dollar.
Increase the worth of your account
Depending on how you want to pay, you may need to fund your account before acquiring any cryptocurrency. However, most exchanges accept debit and bank transfers if you’re using fiat cash.
Choose a penny cryptocurrency
Before you buy, consider what you want to get out of this investment. Do you expect it to appreciate? Do you wish to conduct transactions with penny cryptocurrency? Do you want to use the underlying technology through decentralized apps? These questions may assist you in making your selection.
Best five penny crypto
Here are the top five penny cryptos to buy in 2022:
Lucky Block (Lblock)
Many think that Lucky Block is the best penny cryptocurrency to buy in 2022. In a word, this digital asset initiative aims to transform the worldwide lottery sector.
The key idea here is that anyone may play lottery games from the comfort of their own home without going via a centralized operator. Furthermore, the participants are offered improved odds of winning and are not geographically limited.
Summary
Given the increase in the gaming industry, Lucky Block claims to overcome several issues with current lottery systems. For example, it aids in the prevention of data loss and manipulation and provides an unbiased award system and practically rapid payout of winners.
Price forecast 2022
During its pre-launch in January 2022, it was trading at $0.00015. Then, it hit an all-time high of $0.009. As a result, this crypto has surged in value by approximately 6,000 percent in February 2022. At the time of writing, the penny crypto is trading around $0.002. For the rest of 2022, Lucky Block has the potential to go above its high of $0.009.
Price forecast 2025
Lucky Block will see plenty of news in the next three years. There will only be 10,000 it ever made. Because of the supply limitation, each token gains inherent value over time. As a result, there’s a strong probability that Lucky Block’s value will continue to climb.
Ripple (XRP)
Ripple is undeniably one of the greatest cryptocurrencies on the market; it has been around since 2012 and has earned many hearts. The platform functions as a payment system and protocol that various institutions utilize to perform worldwide transactions. The transfers are quick, about 3-5 seconds. Furthermore, the firm provides cross-border payment technology to large financial institutions and banks.
Summary
Ripple has seen widespread use in various services and stores and expects this trend to continue.
Price forecast 2022
With a market capitalization of around $37.3 billion as of April 2022, XRP is the eighth-largest cryptocurrency. It had grown almost 17,000% from August 12, 2013, when it was about $0.0044, to its current value of over $0.77. We expect Ripple’s price to rise to $1.32 by 2022.
Price forecast 2025
Looking at the 1Y chart, the asset looks promising to jump. It may touch a maximum price of $3.28 by the end of 2025. By the start of 2027, the crypto is expected to hit a maximum price of $3.99, according to Ripple’s 5-year forecast.
Terra (LUNA)
When considering the best new cryptocurrencies to purchase in 2022, it is critical to explore a variety of projects that provide a hedge against adverse markets. Like Terra and its underlying LUNA cryptocurrency, several digital assets have a history of outperforming adverse markets.
Summary
Those who use the Terra platform may earn rewards through staking and voting on the protocol’s development via governance.
Price forecast 2022
Even if the highest price of Terra has demonstrated remarkable sustaining performance in the previous year, many market gurus believe the bull run is still a long way off, based on historical data and analysis.
Terra pricing forecasts that the currency will maintain a strong trend this year and will keep riding news signals in the future.
Price forecast 2025
According to projections for the Terra price in 2025, the price will be riding the bull market by 2025, maybe reaching a new high. Terra appears to be rushing to achieve a new record, confirming its status as stable.
DogeCoin (DOGE)
Maybe the king of meme currencies, Dogecoin, began as a joke but has converted numerous investors into billionaires. The coin has the same proof-of-work mining algorithm as Bitcoin. In addition, DOGE contributes to a one-minute confirmation time for each block. It is also a popular tipping coin utilized as a payment token.
Summary
The appeal and fan base wave that revolves around any major coins is the yardstick by which they are judged. The same can be said about DOGE’s price since its adoption rate is fairly strong.
Price forecast 2022
According to the previous year’s price pattern, the DOGE/USD price has plummeted following a large bullish run. However, the recent DOGE price variations have startled investors and traders amid a major sell-off. The price may cross $0.15 by the end of the year. On the upside, the high for 2022 is about $0.17, while the low can be around $0.11.
Price forecast 2025
Looking at the long-term chart, the price projection for 2025, the crypto may be able to reach $0.35 on the upside while falling to $0.29 on the downside.
Chiliz (CHZ)
It is a blockchain platform that consists of two other platforms, socios.com, and tokens. Socios.com is a team crowd management software that allows fans to support their favorite teams while facilitating decision-making.
Fans, for example, may vote on things like jersey designs, training facility names, and so on. These team supporters may also vote or exchange value using the fan tokens offered by the site.
Summary
The tokens also function as loyalty cards, granting users access to retail discounts and unique experiences. Token ownership entitles users to save when purchasing items, receiving awards and interacting with the APP.
Price forecast 2022
From the 1Y chart, we can analyze that by the end of the year, the Chiliz price can reach $0.24, with a positive trend looming over the crypto.
Price forecast 2025
The long-term price analysis may trade around the maximum price of $0.23 by 2025, and the minimum price can be as low as $0.2.
Pros & cons
| Pros | Cons |
| When compared to other internet frenzies, it is a more affordable alternative. | Many penny cryptos are highly volatile, and the price can make wild swings. |
| Some of the bigger names are also present, which have large market volumes. | Some penny cryptos aren’t popular, and it’s hard to find any info on them. |
| Some of the penny stocks are easy to follow since you can find plenty of information. | Many penny cryptos depend on whales and news for their price movements. |
Final thoughts
There are several reasons to invest in penny cryptos. Aside from the fact that they are inexpensive, there is a potential that when blockchain technology and other cryptos become more widely used, penny crypto-currencies may climb in value and earn significant profits.