With Bitcoin and Ethereum leading the pack, it’s easy to forget about the smaller altcoins that are out there. These days, it seems like every other cryptos is a stablecoin or DEX. But there are still plenty of penny cryptocurrencies that are worth your attention—and your investment.
Here are 5 penny cryptos that you should keep an eye on in 2022:
If you’re looking for a privacy-focused cryptocurrency, then Monero is a good option. Monero uses a technique called “ring signatures” to hide the sender, receiver, and amount of each transaction. This makes it difficult for third-parties to track Monero transactions.
Dogecoin started as a joke cryptocurrency based on the popular “Doge” meme. But despite its humble beginnings, Dogecoin has grown to become one of the most popular altcoins on the market. Part of the reason for this is because Dogecoin has low transaction fees and can be mined with a regular computer—unlike Bitcoin, which requires specialised equipment.
3. Cardano (ADA)
Energy Efficiency at It's Best!
Cardano is a relatively new cryptocurrency that was only launched in 2017. But even though it’s still young, Cardano has already made waves in the crypto world thanks to its unique proof-of-stake algorithm. This algorithm is more energy-efficient than other proof-of-work algorithms (like the one used by Bitcoin), which means that Cardano doesn’t require as much power to run.
Stellar is a blockchain platform that’s designed for facilitating cross-border payments. The idea is that Stellar can be used to quickly and cheaply send money anywhere in the world—regardless of currency or location. And because Stellar is built on the existing banking infrastructure, it’s more user-friendly than other crypto platforms.
Nano is a cryptocurrency that focuses on being lightweight and “ feeless .” What this means is that Nano transactions take almost no time to process and don’t incur any fees—making it ideal for small or everyday purchases. Nano also uses a unique block-lattice structure , which allows each Nano user to have their own blockchain .
While Bitcoin and Ethereum may get all the headlines, there are plenty of other penny cryptocurrencies out there that are definitely worth your attention—and your investment! From Monero and Dogecoin to Cardano and Stellar, keep an eye on these 5 cryptos in 2022…you might just make a killing!
Your Friend,
Wade
