Best penny crypto to buy in 2022

Penny cryptos are cryptocurrencies that are worth some pennies or less than a penny. In the traditional finance markets, penny stocks are the stocks that trade for less than $5. Penny stocks are associated with pump and dump schemes. And they aren't listed on popular stock exchanges.

Cryptocurrency markets are quite different. Most of the coins are below $5 and the price depends on the supply of the cryptocurrency. Popular penny coins/penny cryptos are listed on top exchanges like Binance, Coinbase, and Kucoin. But most of them are available on decentralized exchanges like Uniswap and Pancakeswap.

Top 10 Penny Cryptos to Invest in 2022

1. Shiba Inu(SHIB)

Shiba Inu was another meme coin that boomed in 2021. It was launched in August 2020, and a wallet bought $8,000 worth of SHIB then. At the all-time high price of SHIB, this wallet was worth around $5.7 billion. Shiba Inu has a huge community and an entire ecosystem. Shiba swap is their own proprietary decentralized exchange and they also have their own governance token BONE to vote on the proposals on the Doggy DAO. SHIB is the popular penny crypto and is worth $0.00002255 at the time of writing this article.

2. Dogecoin(DOGE)

Dogecoin was the first-ever meme coin to be created. It is a fork of Litecoin. Dogecoin was created in 2013 and was mostly used as top tipping in crypto communities. Elon Musk started tweeting about Dogecoin in 2018. As Bitcoin reached new all-time highs in 2020, this time Dogecoin rose 800% in a single day triggered by multiple tweets from Elon Musk. Dogecoin hit an all-time high price of $0.73 in May 2021 and currently trading at $0.117.

3. Smooth Love Potion(SLP)

Smooth Love Potion is the game token of the popular game Axie Infinity. SLP tokens can be earned by playing the Axie Infinity game. AXIES are pokemon inspired cartoons used to play, battle, and breed in the game. SLP tokens can be used to breed AXIES. SLP can be accrued through gaming and can also be bought on crypto exchanges. SLP also has upcoming features like staking and burning tokens. SLP is one of the valuable penny cryptos out there as it is a part of a huge ecosystem. The price of Smooth Love Potion(SLP) is $0.017 at the moment. SLP is also available on the Wazirx exchange.

4. Safemoon(SAFEMOON)

Safemoon is a meme token on Binance Smart Chain. Safemoon has a crypto wallet and aims to create a hardware wallet and its own cryptocurrency exchange. Safemoon has merged to version 2 recently and has a great roadmap ahead. It also plans to build an NFT marketplace for its users. Safemoon holders receive a portion of tokens from every trade. The current price of Safemoon is over $0.000948 with a market cap over $500 million.

5. Floki Inu(FLOKI)

FLOKI is another coin named after a dog breed. FLOKI is the utility token of the ecosystem. They have also launched a play-to-earn NFT metaverse game called Valhalla. At the moment, it can be played directly from the browser. Floki's soon going to launch an NFT and merchandise store that accepts crypto. Floki University is a crypto education platform for everyone to learn about crypto. Floki has been marketed widely online and offline. FLOKI is trading over $0.00002853 at the time of writing.

6. BitTorrent(BTT)

BitTorrent is a decentralized file-sharing platform. BitTorrent was recently redominated in a ratio of 1:1000. BTT is TRC10 utility token based on Tron blockchain. Users can earn BTT tokens by using the platform to download and share files. BTT can also be used for faster download speeds on the platform. BTT is listed on all major crypto exchanges and the price of BitTorrent stands at $0.00000184 at the time of writing.

7. Dogelon Mars(ELON)

Dogelon Mars is a crypto-based on Doge, Elon and Mars. Well, it is another meme coin and it is named after Elon Musk. ELON has a total supply of 1 quadrillion and is currently trading around $0.000000722. ELON coin is also listed on Kucoin, which is one of the popular crypto exchanges. ELON coin delivered huge returns to investors in 2021.

8. WinkLink(WIN)

Wink token is another popular token in the TRON ecosystem. Wink has similar functionality to the oracle token LINK. It connects real-world data to blockchain applications. WIN is also the governance token of the WinkLink ecosystem. The current price of the WIN token is over $0.000266. WIN is available to buy on major crypto exchanges like Binance, Wazirx, Kucoin, and Poloniex.

9. StormX(STMX)

StormX offers crypto cashback to users for their online purchases. StormX app is available in the app store and as a Chrome extension. STMX is the native token of the StormX platform. STMX can be staked to boost rewards. StormX has great partners like Samsung, Nike, and Lego. Blockfolio and Kyber Network have invested in the platform. The price is in our penny crypto range at $0.0138 per STMX token. It is one of the penny cryptos on Wazirx.

10. Baby Doge Coin(BABYDOGE)

Baby Doge Coin is the baby of Dogecoin. Baby Doge Coin is another meme cryptocurrency. It is designed to be deflationary and scarcer over time. BABYDOGE holders will earn more tokens doing nothing. Holders receive a 5% fee from every transaction that occurs on the blockchain. BABYDOGE is on Ethereum and Binance Smart Chain. It is available to buy on OKX and decentralized exchanges. BABYDOGE is worth around $0.000000002835. It is the cheapest penny crypto you can get.

Prices and marketcaps mentioned in the article are as of March 17, 2022.

Investment in cryptocurrencies is risky. Invest only what you can afford to lose.

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