5 best penny cryptocurrencies to invest in 2023

Do you know Bitcoin price was $1 in 2011? Yes, it’s true. Most of the popular cryptocurrency like Ethereum, and BNB was penny crypto.

Today, more than 22,000 cryptocurrencies are available in the market. You have to choose the right one. We are going to cover the 5 best penny cryptocurrencies to invest in 2023.

 The 5 Best Penny Cryptocurrency to Invest

Penny cryptocurrency prices are cheap than another crypto. Check out the5 best penny cryptocurrencies & start investing right now.

1. Stellar Lumens (XLM)

Current Price: $0.095515

Like Ripple, Stellar Lumens aims to revolutionize the international banking system. It’s an open-source payment network with the goal of helping those who don’t have access to traditional financial institutions by providing them with crypto storage services and upgrading cross-border money transactions.

The cryptocurrency functions as a quick and low-cost cross-border payment solution, and the platform enables token issuance by anybody (through ICOs or token funding), much as Ethereum does.

It’s already making a name for itself in the multitrillion-dollar financial services sector by offering real help to the underbanked and unbanked.

2. Ripple (XRP)

Current Price: $0.385130

Ripple is a permissionless open-source system that utilizes blockchain technology to settle domestic and cross-border monetary transactions.

Ripple was first introduced in 2012 and has since shown remarkable growth. In 2018, the value of one XRP token hit a record high of $3.84. It was obvious to most investors that this one-cent cryptocurrency would play a crucial role in the growth of the cryptocurrency market.

You should add this crypto to your portfolio.

Also Read: 5 tranding NFT Metaverse Gaming Cryptocurrency

3. Chilliz (CHZ)

Current Price: $0.213019

Tokens and the site socios.com make up Chilliz, a blockchain platform. Socios.com is a crowd management tool for teams that allows fans to participate in and influence strategic decisions made by their favorite teams.

Chiliz extends an open invitation to any sports and entertainment organizations to make their own unique tokens for sale to their respective fan bases. Token holders also have some influence in club matters, such as which color the captain’s armband will be and which design will be used for players’ uniforms.

There has been an extraordinary uptake of the Chiliz network and the Socios platform, with sports teams all across Europe and beyond building their own platforms and giving out their own unique tokens to their followers.

Token holders may trade or invest their tokens on the Chilliz market. Both USDT and BTC are accepted on the platform.

4. Cardano (ADA)

Current Price: $0.364192

Cardano was released in 2017 as a public, distributed, proof-of-stake (PoS) blockchain platform. Cardano, like Ethereum, uses smart contracts to provide a wide range of Defi protocols, applications, games, new cryptocurrencies, and more.

Experts believe that Cardano will include all emerging crypto technologies, including Web3, NFTs, DEXs, algorithmic stablecoins, DeFi, Metaverses, and play-to-earn games.

Since its inception, ADA has rewarded users with a return on investment of almost 2,000%. Some experts even predict that Cardano will replace Ethereum as the go-to smart contract platform.

Also Read: How to identify fake cryptocurrency

5. Battle Infinity (IBAT)

Current Price: $0.8594

Battle Infinity is a great option for those seeking a penny cryptocurrency. With its many play-to-earn (P2E) features, this innovative metaverse-based ecosystem has the potential to create an impact in the cryptocurrency industry.

This project is comprised of six parts that work together to provide the overall impression consumers get. Each component adds a new stream of potential revenue. There are many more features as well, such as a market for NFTs and a system for crypto-stacking.

It facilitates the sharing of advertising profits between advertisers, content providers, and consumers. Using the Brave browser, readers can earn money by viewing advertisements without having their personal information or online activity tracked.

Also Read: 7 best crypto loan sites

Bottom Line

You should do market research before buying the penny cryptocurrency.  We give you the 5 best penny cryptocurrencies to invest in. You can start investing with a small amount and hold for a long time. This crypto gives you a higher return within a year.