There has been a noticeable change in investors’ behavior, and there is a visible tendency to invest in affordable coins and penny crypto stocks as a way to battle challenging situations regarding the world economy now. Penny stocks are priced under £1 in the UK or 5$ in the US. Taking the logic behind investing in penny stocks and utilizing it for the crypto market can now bear fruit. Investing in something affordable now can bring high returns later, and it is probably the reason why thinking about low-cost crypto is on the minds of most investors at one point or another because of the big growth potential that exists in this area.
Which penny cryptos are the best for investing in now?
When we take a look at the rising inflation in the world, it is understandable that investors want to decrease the risk when investing, and it is exactly the reason why we have made this guide. With everything we have seen on the market so far, it is clear that these cryptocurrencies are the best choice for investing now:
In order to explain why more and more investors choose to invest in these penny coins, we will include the most important information about each one, so let’s begin!
The most popular and wanted crypto asset at the moment is certainly Tamadoge (TAMA). Its native cryptocurrency will serve the investors as a tool for exploring all the interesting options that this very appealing ecosystem has to offer. Tamadoge functions on the play to earn principle, and it is a wonderful opportunity for the player to mint their pets and battle with them once they are ready.
The presale was extremely successful, it ended on September 18th. Tamadoge collected $19 million. Despite the challenging world economy, Tamadoge managed to hit an incredible goal – raise this impressive amount of money in the period of just eight weeks. TAMA is now listed on the OKX exchange, and it is expected that its price will explode in the coming months, which is why it is taking number one place on our list. New listings will be announced soon.
Battle Infinity (IBAT)
Battle Infinity is an ecosystem based on metaverse that mostly attracts the attention of the players who like fantasy sports. However, it is not only limited to them because it is a complex ecosystem that involves various features that will keep the players entertained.
There are six elements in total, and they complement each other giving a chance to the players to truly dive into the experience and test their skills in numerous ways. Those elements are Premier League, Battle Swap, Battle Market, Battle Games, Battle Arena, and Battle Stake. The market cap of $40 million, affordable price of $0.003335, and the fact that IBAT is already listed on LBank and PancakeSwap make it quite appealing for investors who want to direct their attention towards a cryptocurrency that will continue to grow in the future.
Treasure is a decentralized NFT ecosystem built for metaverse projects. Its native coin, MAGIC, allows players to explore the multiple functions it offers. One central metaverse is called Bridgeworld, and it has three components: Treasures (NFTs that serve as resources), Legions (NFTs that represent players), and MAGIC token that is the life force of this interesting ecosystem.
There is also a marketplace where the players can use MAGIC tokens as a currency. The goal of the players is to use Treasure NFTs with the goal of mining MAGIC. There are various treasure resources, such as diamonds, donkeys, and lumber, as well as the favor of the gods. With a market cap of $63,000,973 and an affordable price of $0.3497, it becomes clear why it is a good choice to consider when investing.
Polygon is a blockchain platform that enables investors to perform fast transactions and avoid the complexities that go with decentralized ecosystems. Its native coin is MATIC. Integration of MATIC on dApps provides the opportunity for the owners to settle payment services anytime and anywhere.
The fees are affordable, and the fact that the number of users is constantly increasing speaks volumes about its popularity and the room to evolve. With a market cap of $6,466,943,409 and the price today that is $0.7455, it is an affordable coin that can give investors access to the Polygon network and its potential.
Algorand is a decentralized network based on blockchain, and it supports various crypto applications. The goal of its founder, Silvio Micali, is to enable more efficient, safer, and faster transactions.
The project is still at its very start making it a good time to consider investing in it now. Investors see Algorand as a good option for investing because of its scalability and efficient operation. The price of its native coin ALGO today is $0.3461. The market cap is $2,447,136,937. Due to its low price, it is certainly on the radar of investors looking for an affordable coin to invest in.
By having the world economy in mind and all the changes we can expect in the days to follow, there is still room to grow when investing wisely. The cryptocurrencies we mentioned certainly attract lots of attention and are the focus of the investors who wish to turn the situation around in their favor. TAMA is in the minds of most investors these days because it just got listed, and it is the reason why it is highly positioned on our list. Hopefully, this guide will help you decide easier where your attention should go and how you could make the most out of your investments!