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There are a number of successful cryptocurrencies that started as penny cryptocurrency. For example, Bitcoin reached a value of $1 in early 2011 and had grown by a massive 6 million percent by the time it reached its current peak ten years later. The crypto-verse is rife with instances of penny cryptos that blow up eventually, increasing their value and investors’ profiles by inconceivable levels.

In this article, we will reveal the 6 best penny cryptocurrencies UK you can buy in 2022. Investments in these areas have a high chance of exploding, and you can increase your initial investment significantly.

The 6 Best Penny Cryptos- List

Our analysis shows these are the top ten best penny cryptocurrencies to buy in 2022.

1. Tamadoge: New Metaverse Penny Cryptocurrency in the UK (Invest)

2. Battle Infinity: Best Penny Cryptocurrency to Invest in 2022 (Invest)

3. Lucky Block : Next Cryptocurrency to Explode 2022 under a Penny (Invest)

4. DeFi Coin: Buy and hold the best community-driven penny cryptocurrency (Invest)

5. Dogecoin : Meme Penny Cryptocurrency to Buy UK (Invest)

6. Safemoon Inu : Defi Penny Cryptocurrency for Gaming

Your money is at risk.

6 Best Penny Cryptocurrency- Reviewed

There are thousands of active digital currencies to choose from when investing in cryptocurrency. Here is a list of the top cryptos under $1 that you can purchase right now if you want to money and time:

1. Tamadoge – New Metaverse Penny Cryptocurrency in the UK

The Tamadoge (TAMA) – the native cryptocurrency of the Tamaverse – is another penny crypto asset that is one of the best penny crypto assets to invest in. In this play-to-earn game, users can breed Tamadoge pets and create their Tamadoge pets in order to earn rewards. In addition, users can compete against each other to climb up monthly leaderboards to earn rewards in TAMA.

Currently, TAMA is in the midst of its presale period, which started in the third quarter of 2022. The penny crypto token is a multi-utility token with a maximum supply of 2 billion tokens. Using TAMA, users can purchase Tamadoge NFT pets on the Tama store – these are the main avatars that make up this decentralized ecosystem.

It is important to note that TAMA is a deflationary asset, one of its advantages. As opposed to Dogecoin, which has increased its maximum supply from 100 billion to 132 billion tokens over a period of time, TAMA will decrease its current supply in the long run as compared to Dogecoin. Tamadoge is burned whenever players purchase items from the Tama store. Additionally, 30% of the tokens spent will be used for marketing purposes, while the remaining 65% of tokens will be distributed among the P2E prize pools as rewards for participating.

Users can purchase 50% of the total supply of 2 billion tokens as part of the current presale. In addition, a reserve of 20% of TAMA has been set aside for future listings on decentralized and centralized exchanges. As a result of minting operations, the remaining 30% of the coins are expected to be released in the next 10 years.

Throughout the months and years to come, Tamadoge is expected to create strategic partnerships with a number of metaverse projects as a part of its roadmap. As part of the platform launch, Tamadoge Onramper will also be launched, allowing users to purchase TAMA using fit currency via MetaMask and Wallet Connect. In addition, the Tamadoge team intends to implement Augmented Reality (AR) apps and launch a website in the coming years, which makes it one of the best penny cryptocurrencies to invest in right now.

Your money is at risk.

2. Battle Infinity – Best Penny Cryptocurrency to Invest in 2022

In 2022, Battle Infinity might become the next penny cryptocurrency to explode out of the ground due to its decentralized ecosystem based on NFT-based protocols and blockchain technology.

As part of the Battle project, users can choose from six unique play-to-earn games (P2E) available through its metaverse – Battle Arena. There is, for instance, the IBAT Premier League – the world’s first NFT-based sports fantasy league- available to users. In addition, players can participate in concerts, events, and more in the metaverse with other P2E games like IBAT Battle Arena.

It is all possible thanks to IBAT, the native token of Battle Infinity, which makes all of this possible. iBat is a BEP-20 protocol that runs on the Binance Smart Chain (BSC), which is used as an in-game currency on Binance. In addition, a global liquidity pool is provided by Battle Infinity as a means of increasing liquidity between IBAT and other crypto-currencies by enabling swapping between them.

From the liquidity pools, many users can derive NFT passes that can be used on the various P2E platforms. Battle Stake is another benefit of IBAT, a crypto staking platform where users can earn an Annual Percentage Yield (APY) from their tokens.

Battle Infinity is another crypto project built with the expertise of Indian software engineers and developers, like Polygon (MATIC).

As of July 11th, the IBAT token presale went live at a price of $0.0015 per token. At a fixed exchange rate of $250 per BNB token, the token can be purchased with a BNB/USD pair. Those interested in staying up to date can join the Battle Infinity Telegram group to see if this token can be the next penny cryptocurrency to boom shortly.

Your money is at risk.

3. Lucky Block – Next Cryptocurrency to Explode 2022 under a Penny

The Lucky Block project is a decentralized project that is built on the Binance Smart Chain (BSC) and is powered by LBLOCK, the utility token of the blockchain ecosystem that powers the project.

Lucky Block is the next on our list of the top penny cryptos to buy in 2022. With the help of this cryptocurrency project, users can stand a chance to win weekly rewards through a NFT competition platform.

This decentralized project is based on the Binance Smart Chain (BSC) and powered by LBLOCK, the utility token that is the key component of its ecosystem. To participate in the Lucky Block platform, users must stake NFTs in order to enter contention. On Fridays, Lucky Block hosts a weekly draw as well as a weekly NFT draw.

A user is eligible to win $50,000, and most rewards would be paid out in LBLOCK. LBLOCK has two versions – the first is based on the BEP-20 protocol (V1), and the second is based on the ERC-20 protocol (V2). It is important to note that V1 is mostly used for Decentralized Exchanges (DEXs), and when LBLOCK is sold, the 12% tax is applied.

Despite this, the V2 tokens are designed to be traded on Centralized Exchanges (CEXs) in order to avoid attracting sales taxes. As a result, LBLOCK can be purchased for $0.008, making it one of the best penny cryptocurrencies in 2022.

Cryptoassets are highly volatile unregulated investment products.

4. DeFi Coin – Buy and hold the best community-driven penny cryptocurrency

There is no doubt that DeFi Coin is a community-driven project that is one of the best penny cryptocurrencies that you can buy right now. The decentralized finance ecosystem (DeFi) was launched in July 2021 to boost this penny cryptocurrency’s growth. As a result, DeFi Coin is now being listed on an increasing number of platforms.

The number of DeFi Coin tokens available for purchase will be limited to a hundred million. To achieve its goals, the DeFi Coin project uses various methods to acquire LPs, such as reflections, manual burns, and LP acquisitions. As you can see, these features are designed to ensure the DeFi Coin ecosystem remains alive and well in the future.

With the help of this token, the DeFiCoins.io website is powered. In addition, Binance Smart Chain powers DeFi Coin. As a result, the project can take advantage of the blockchain’s fast transaction speeds and low gas prices to succeed.

Users can also swap collectibles and exchange NFTs with DeFi Coin. A 10% transaction fee is charged to everyone who executes a trade on the DeFi Coin network, which incentivizes users to hold onto their DeFi Coin as long as possible.

By doing this, volatile price swings will be reduced. It is the responsibility of the DeFi Coin holders to receive the first half of the transaction fee, while the remaining 5% is held in reserve to provide liquidity to the decentralized exchange services.

It has been found that purchasing and holding DeFi Coin tokens has a number of advantages, one of which is the ability to earn dividends through a fixed reward structure. In addition, investing in this cryptocurrency allows you to increase the DeFi Coin tokens you own continually.

Your capital is at risk.

5. Dogecoin – Meme Penny Cryptocurrency to Buy UK

In the world of meme coins, Dogecoin is considered the king. Litecoin forked from Bitcoin. The name Shiba Inu is derived from the Japanese dog breed of the same name. Similar to Bitcoin, it uses a proof-of-work algorithm to mine the coins.

Among the improvements Dogecoin has made over Bitcoin is that the confirmation time for each block has been shortened to one minute. It is also used as a payment token on a number of platforms besides its popularity as a tipping coin. Before it entered the mainstream list of crypto coins, it was a free-tipping coin that grew in popularity.

As you can see, it has become one of the most popular penny tokens and cryptos to invest in today because of its ever-expanding community, acceptance as a payment token by popular companies like Tesla, and the possibility of its expanding use cases, as recently announced.

The coin’s value gained much attention in 2021 due to the support from influential personalities and companies, which is bound to continue in 2022.

Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.

6. Safemoon Inu – Defi Penny Cryptocurrency for Gaming

SafeMoon was developed in haste anticipating it would be Shiba Inu’s natural successor once it peaks. Over 20000% has been gained since the stock was listed in April 2021.

In the last quarter of the year, SafeMoon recovered from the market crash, despite dips during the crash. In 2022, SafeMoon prices recovered, but then fell 96% from their all-time high.

A vibrant community has continued to grow around SafeMoon as it prepares for its next price rally. SafeMoon’s CEO, John Karony, has launched aggressive marketing campaigns on Twitter and Reddit. With multiple crypto technologies, SafeMoon has been able to engage its hodlers during the dip. The SafeMoon V2 protocol and wallet have been launched.

What makes it one of the top penny cryptocurrencies in the UK? As a result of its resilience. Due to its large and vibrant crypto communities, it still attracts massive investors.

Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.

How To Buy Tamadoge- The Best Penny Crypto

Aside from being among the best new crypto coins on the market, Tamadoge has already generated significant interest from the broader crypto community. It is also important to remember that Dogecoin and Shiba Inu produced quadruple-digit returns in 2021 due to their ‘meme coin’ feel.

As a result of that, we are going to take a closer look at how to buy Tamadoge, ensuring that every aspect of the investment process is discussed in detail to make it as smooth as possible:

Step 1: Create a crypto wallet

Setting up a crypto wallet is a must for those who wish to purchase Tamadoge crypto. As a result of its multi-chain capabilities, MetaMask is one of our recommendations for the best crypto wallets since it is free and easy to use.

The easiest way to do this is to visit the MetaMask website, click the ‘Download’ button, and follow the instructions.

Step 2: Buy ETH from eToro

ETH and USDT are the two cryptocurrencies that can be used to purchase Tamadoge (TAMA) tokens. Buying Ethereum or USDT is very easy if you use a reliable exchange or broker, even though you can also use a credit or debit card to buy Ethereum through the Tamadoge presale platform using a credit/debit card.

You must make sure to transfer your holdings into your new crypto wallet as soon as you have purchased your ETH or USDT.

Your money is at risk.

Step 3: Connect wallet to the Tamadoge presale

Visit Tamadoge’s website and click ‘Buy.’ Next, click the ‘Connect Wallet’ button on the following page, choose your wallet provider, and follow the instructions to make the link between your wallet and your account.

Step 4: Swap ETH for TAMA

Depending on your currency, enter the amount of Tamadoge tokens you wish to purchase (minimum 10,000) and click ‘Convert ETH’ or ‘Convert USDT.’ A pop-up will then confirm the transaction.

The final step in the process is to claim your TAMA coins. To do this, you will need to click on the ‘Claim’ button on the main page of the Tamadoge website once the presale has ended.

Your money is at risk.

What Is Penny Cryptocurrency?

A penny cryptocurrency is a cryptocurrency that trades for a penny or less, up to cryptocurrencies trading for less than a dollar. Investors commonly use the term penny crypto to refer to any cryptocurrency that sells for less than $5. Also, some investors view penny cryptos as anything that does not fall into the top 100, 500, or 1,000 cryptos.

It has been reported that some penny cryptos are sold in a metaverse environment as part of NFT games. For simplicity, those have been excluded from this list, but if you’d like to earn cryptocurrency through NFT gaming, check out some of the best NFT games.

Why Is Penny Cryptocurrency A Good Investment?

Penny cryptocurrencies may be worth your consideration for a number of reasons. As an additional benefit, apart from the fact that penny cryptocurrencies are cheap, there is a possibility that penny cryptocurrencies could gain in value and make substantial gains based on the fact that blockchain technology and other cryptocurrencies will become more mainstream in the future. Diversifying your portfolio is also a key component of a balanced and healthy investment portfolio. Cryptocurrencies work the same way.

What Are The Risks of Investing In Penny Cryptos?

There are a number of cryptocurrencies that can be cheaper to invest in and easier to diversify your portfolio with than traditional assets, yet they also come with a certain level of risk. Here they are:

Rug pulls

As soon as a cryptocurrency is launched, it typically costs less than $1. As a result, you risk investing in a scam project where the developers end up pulling the rug under you and disappearing with their investors’ money if you do not conduct your research. This will result in a bag full of worthless coins.

Higher loss margins

In the event of a bad market swing to the downside, the risk of massive losses is more likely to occur if you invest in a penny cryptocurrency with a low market cap. Most of these events occur during the bear season, which negatively affects the price of new crypto coins.

Wrong positioning

Although you can buy penny crypto for less than a dollar, it does not necessarily mean it is a worthwhile investment. You’re less likely to make good profits on future bullish movements if the market cap is already so high. This is especially true in the case of cryptocurrencies such as Shiba Inu and Dogecoin. The cost of both projects is already in the billions of dollars, so you would need to invest a lot of money to get a substantial return, and it could take a long time to get there.

Which Penny Crypto Will Explode in 2022?

We are still in the hypothesis phase of the metaverse. Depending on who you ask, the word can mean different things to different people.

Trading gaming tokens is the standard method of investing and potentially profiting from the nascent metaverse market, aside from in-game NFT trading. In addition, metaverse cryptocurrencies, such as Decentraland’s MANA token and The Sandbox’s SAND token, are no longer fringe concepts.

What are some of the best penny cryptocurrency opportunities one can invest in? It is important to remember that short-term gaming project investments carry a particular risk factor that should be considered. Nevertheless, there were some impressive returns in the second half of 2021, as FOMO (fear of missing out) kicked in, followed by a fairly quick market correction a few days later.

Your money is at risk.

Best Penny Cryptocurrency 2022– Conclusion

Throughout this guide, we have analyzed the best penny cryptos to buy and the best blockchain-focused stocks to invest in as alternative ways to gain exposure to the industry. Our recommendation for buying penny cryptocurrencies is to use a regulated platform like eToro.

The investment options we recommend are Tamadoge and Battle Infinity, even though neither are listed on eToro yet, but both have plans to list on major exchanges – Tamadoge has confirmed its listing with LBank, for example.

These two crypto platforms are among the newest and most exciting P2P projects that offer many in-game crypto rewards as a part of their games. In the meantime, Tamadoge is available for purchase on pre-order, and Battle Infinity is on its way to being listed on PancakeSwap shortly.

Your money is at risk.

FAQs

What is the best penny cryptocurrency to invest in?

There is no doubt that Lucky Block is one of the best penny cryptos. A few of the other noteworthy penny crypto tokens include DeFi Coin, Chiliz, XRP, Ren, Cardano, Basic Attention Token, Tron, Decentraland, and Stellar.

Are penny cryptocurrencies worth it?

In spite of this type of digital asset's risks, you should start adding them to your portfolio as soon as possible because the future projections for the mainstream adoption of cryptocurrencies are positive and promising. The right crypto under a penny could be the difference between where you are now and where you will be in the future. It is said that the higher the risk, the greater the reward.

Are penny cryptocurrencies a safe investment?

The price per unit of penny cryptocurrencies is usually less than $5, just like penny stocks. Their small market capitalization makes them high-risk investments, but they are cheap. Despite this, the best penny crypto to invest in should have the ability to increase in value over time.

Is penny cryptocurrency a good investment for beginners?

As the investment for a penny cryptocurrency is not so high, it is an excellent investment for beginners who want to get started in the crypto world but do not want to invest in larger market cap cryptocurrencies such as Bitcoin, Ethereum, or Litecoin at the beginning.

How to invest in penny cryptocurrency?

If you are interested in buying penny cryptocurrencies, one of the easiest ways is to sign up with eToro, deposit some funds, and place a simple buy order. As soon as the broker adds the tokens to your portfolio, you can access them whenever you like.

About Jhonattan Jimenez
About Jhonattan Jimenez

English Language professional with a vast experience teaching English as a second language, English translator to Spanish, Cryptocurrency enthusiast, interested in geopolitics and economy.