In today’s investing world, the best investors are constantly looking for investments that increase and diversify their equity holdings. Additionally, successful investors diversify their portfolios. The crypto world is rapidly gaining popularity.

Given the meteoric rise in cryptocurrency prices this year, they’re all the rage these days, and everyone is looking into them as most people seek affordable investment opportunities. Thus, most people looking to purchase cryptocurrency are looking for a strategy that will provide a high rate of return in a short time.

As with penny stocks, penny cryptos can be purchased for as little as $5 per unit. Although they are high-risk investments due to their small market capitalizations, they are arguably the most affordable. Additionally, they have the potential for future value growth.

The best penny cryptocurrency to invest in are –

Stellar (XLM)

The primary motivation for developing Stellar was to provide a low-cost transfer method between multiple accounts. Interestingly, that objective appears to be fulfilled as the project gains traction across various platforms. Steller is distinguished from other fintech platforms by its underlying blockchain technology. The cryptocurrency’s all-time high was around $0.83 but has fallen to approximately $0.27.

Notably, Stellar has formed several high-profile collaborations, including Franklin Templeton, IBM, and Grayscale. Additionally, it has low fees, with currency conversion costing approximately $0.00006 per transaction.

The Internet’s tipping currency since 2014! @paraga @Twitter @Twitter @TwitterSupport – Connect with the original tipping culture! #dogecoin !! https://t.co/cBiwbAVOLj https://t.co/fxYqPEI8Z7

— Dogecoin (@dogecoin) February 22, 2022

The Dogecoin (DOGE)

Perhaps the king of meme coins, Dogecoin, began as a joke but has made several investors millionaires. The currency employs the same proof of work mining algorithm as Bitcoin. It reduces the confirmation time for each block to approximately one minute. Additionally, it is a payment token on several platforms and is a well-known tipping coin.

Also, read – Top 10 Cryptocurrency To Buy In 2022

Ripple (XRP) 

Without a doubt, one of the best cryptocurrencies on the market is Ripple. Ripple has been around since 2012 and has won over many investors. The platform functions as a payment system and protocol used by several banks to process international transactions.

Risky Bets:

The Ravencoin (RVN)

Ravencoin is a relatively new penny cryptocurrency that has grown in popularity over months. The coin was initially designed to be mintable and is intended to be used as digital certificates of ownership or securities – similar to non-fungible tokens (NFTs).

Lucky Block (LBN)

Online gambling is growing in popularity, and the global Coronavirus pandemic has only increased its appeal to many users. Lucky Block cryptocurrency is following suit, as it is a lottery service powered by blockchain technology that enables transparent, faster payout transactions and fair gameplay.