The earlier you start investing the less you have to worry about in the future. You can take much bigger risks and cut your spending when you are in your 20s rather than when you are in your late 30s and 40s.
If you are looking to kick start your investment journey, you would want to invest in assets that can give multiple returns in the future.
This is the best time to invest in if you want to start your investing journey in cryptocurrencies.
And what is better than cryptocurrency? I guess there is not much competition. Gold, mutual funds, and stocks are good and rather safe investments.
But, you have the zeal to take high risks and the crypto market is the right place for you.
Blockchain has brought a revolution to the way our digital information is stored and shared. Not only does it store the data securely it has made the data decentralized.
Which has proved to be a game-changer for cryptocurrency systems.
Now if you think you have missed the chance to buy Bitcoin, Ethereum, or Solana at a low price, we have brought to you 10 cryptocurrencies that you can invest in for the long term.
Small coins and tokens generally have the potential (not always, as there are many other factors) to grow multiple times as they are undervalued.
However, there are thousands of cryptocurrencies in the market with different use cases (some without any) and utilities. That is enough for you to get confused and wonder where you should put your money.
We have not included any meme coins that do not have any use cases or utilities as they are much riskier and usually lack a long-term plan.
With countries regulating & adopting bitcoin and other cryptocurrencies. It shows crypto is here to stay and it has a great potential to multiply your investments.
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Before we jump on the list, here are a few tips if you are new to the crypto market:
- Cryptocurrencies are highly volatile and can go up and down significantly, so only invest money that you do not require for some time.
- Do research about the coins and tokens that you are investing in. Visit the website of the coin, read the whitepaper, check out social handles, etc.
- Diversify your portfolio, do not invest all your money in one coin, make a shortlist of coins (5 to 10), and diversify your investment.
- Do not put all your money at once. The market can go up and down within a few days so be patient, and keep money in hand to invest at a lower price.
- Be patient, if the market goes down rapidly do not panic. By nature, the crypto market is very volatile and can dip and recover in a few days or months.
- Keep your goals clear, if you are investing for the long term, do not check your portfolio every few days, or if you want to exit at a certain price or profit, you can place your order and forget.
Now getting back to the point, here are the best penny cryptocurrencies to invest in 2022.
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Zilliqa (ZIL)
Zilliqa is a permissionless, public blockchain where developers can create decentralized applications (dApps). The Zilliqa blockchain resolves the scalability issues, high transaction cost, and transaction speed issues.
Zil has reached its all-time high of $0.25 and has a total market cap of $. The total supply of Zil coins is 21 Billion and has a circulating supply of around 14 billion according to Coingecko.
It also provides the option to stake your coins, through which you can earn extra coins when you lock your coins for a specific period of time. You can find the staking option easily on Binance.
You can sign up here on Binance.
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IOST
IOST calls itself a secure, ultra-fast, and scalable blockchain network that works on “proof of believability”. The IOST has its own ecosystem with its nodes, and wallet and is based on a next-generation consensus protocol.
IOST has an all-time high price of 0.129 and a total market cap of around $400 million. IOST has a total coin supply of around 23 billion according to Coingecko.
It also provides a staking option to its holders. You can check it out on Binance.
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CELR Network
Celer Network (CELR) is a multi-chain operating system that offers layer 2 scaling solutions. Celer networks allow different applications, states, and liquidity on different networks to communicate with each other.
With Celer networks dApps developers can develop seamless and secure multi-chain applications using features of different ecosystems.
It has reached its all-time price at $0.19 and it has a current market cap of around $245 million. According to Coingecko CELR has a total supply of 10 billion coins and 6.78 Bn coins have been circulated in the market.
CELR also has staking options for its holders, you can find it easily if you buy it on Binance.
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SHIBA INU (SHIB)
Although Shiba Inu started as a meme and it has reached a significantly high from its starting price, Shiba Inu still has a lot of potential.
SHIB community is very active and its developers are now jumping into interesting projects from NFTs, swaps, and blockchain to Metaverse.
According to Coinmarketcap Shiba Inu has a total supply of 589 Trillion and a total market cap of around $12.07 Billion. SHIB can be an excellent choice for gaining profit in the long run.
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IOTeX
Founded in 2017, IOTX is an open-source platform that was introduced with the vision of providing a decentralized network. An ecosystem where machines and humans could interact with each other with security, free will, and economic incentives.
With IOTeX working on some great projects, it seems to have a bright future.
IOTX has a total supply of around 9.5 billion coins and a circulating supply of around 9.5 billion according to Coinmarketcap. It has reached its all-time high of $0.26.
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Harmony ONE
ONE is a decentralized blockchain network that provides the facility to create and use decentralized applications.
The network facilitates an innovative way to create and interact with decentralized apps by providing security and random state sharding.
Harmony has a current rank of #61 on CoinmarketCap and it has a market cap of $1.54 billion. The total supply of ONE coin is around 13.5 billion and a circulating supply of 11.83 bn. It has reached an all-time high of $0.37.
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The Graph (GRT)
GRT is a Web 3.0 project and an indexing protocol cryptocurrency that works as a query network for networks such as IFPS and Ethereum.
Developers can publish and build the APIs which are called subgraphs and make data easily accessible across the network.
The Graphs usage for creating subgraphs has increased over the years significantly. The subgraphs have been deployed by projects such as Avalanche, Balancer, Decentraland, Uniswap, and more for dApps.
The Graph has a total supply of 10 billion coins and a current circulating supply of 4.72 bn. It has reached its all-time high at around $2.87 and currently, it is ranked #56 on Coinmarketcap.
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GALA
GALA games is a blockchain gaming token that develops decentralized games. The project wants to change how the gaming industry currently operates and wants to give control to the gamers.
Games spend a lot of their time and money on the game and their equipment and rewards can be revoked within a blink of an eye from them. GALA provides the gamers the ownership of their rewards, tools, and equipment with the help of a blockchain network.
GALA has a total supply of around 35 billion tokens and a current circulating supply of around 7 billion tokens. It is ranked #61 position currently by CoinmarketCap and has a total market cap of around $1.6 billion. GALA has an all-time high price of $0.81.
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VeChain (VET)
Vechain is a public blockchain network that derives its value from the activities of its members within its ecosystem.
Initially, Vechain was started as a private entity in 2015. However, they switched to their own blockchain in 2018 by launching their mainnet.
Vechain wants to solve the problems faced by global industries from beverage to medical and energy to commercial goals, with the help of the Internet of Things (IoT) and distributed governance systems.
VET has a total supply of 86.1 billion coins and a current circulating supply of around 65 billion. It has currently been ranked at #42 position by CoinmarketCap. VET has a market cap of $3.18 billion and it has an all-time high of $0.27.
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COTI
COTI claims it’s the first fintech platform that facilitates enterprises to create their own payment systems and digitize any currency.
It is the first blockchain platform that enables enterprises, governments, dApps payments, and stablecoins to create their decentralized payment system.
COTI is designed to tackle the issues with traditional online payment methods such as Paypal, Alipay, and others, that cost both the customers and merchants.
COTI is also the world’s first platform that enables enterprises to create their own stable coins and gain full control over their money.
The Coin has a total supply of 2 billion coins and 50% of its coins are circulated in the market. Coti has a total market cap of around $243 million and It is ranked #193 currently on Coinmarketcap. COTI has an all-time high price of $0.68.
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Nervous Network (CKB)
Nervous Network is an open-source public blockchain network and ecosystem. CKB (Common Knowledge Base) is a layer 1 proof of work public blockchain that allows the interoperability between different blockchains.
Like the internet in its early stage, there are different blockchain networks where interacting and exchanging data between different blockchain dApps (decentralized applications) is quite difficult.
Nervous Network offers seamless interoperability so that blockchain developers can develop universal applications.
CKB has a total supply of 36 billion coins and around 30 billion of its coins are circulated in the market. Currently, it has a total market cap of $358 million and it is ranked #159 on Coinmarketcap.
Disclaimer: This is by no means a piece of financial advice, please do your own research before investing. These coins are picked by their current price and merits, circumstances in the future could change their projection.
We hope you will find this article helpful. Good Luck Investing.