Hello everyone I hope that you are doing fine and you are motivated I am doing this homework for the crypto ACADEMY   me but before moving on to my home work I would like to thanks to the professor for teaching us in a very beautiful way about penny cryptocurrency

1.- Explain the Penny cryptocurrencies in your own words. Advantages and disadvantages.

Penny cryptocurrencies are those currencies which are new in the market and they are under $1 mostly that can be very low but just to understand that we will take all the cryptocurrencies which are under $1 aur 50 Cents they are considered  as penny cryptocurrencies mostly these coins are new in the market means they are new projects or they are small companies that's why there value is very small these coins are always under value because that don't have that much of market capitalisation

Advantages

 penny cryptocurrency has huge potential of growing up to a very high prize we have seen that in the past Bitcoin was once a penny cryptocurrency but now if you look at the prize it has skyrocketed so if if a coin has a good future planks it can go very high and it can be very profitable for investors

  anyone can buy  penny cryptocurrencies because the value is very low and anyone can invest in these cryptocurrencies for long term and make a really good amount of profit from these currencies

There are many cryptocurrencies in the market and so many coming up now so there is a very good amount of choice for the investors when it comes to the big  cryptocurrencies like Bitcoins people don't have choice when it comes to many cryptocurrency is taking choose between many  and choose the right one to invest in

 Disadvantages

 you can lose all your investment in the penny cryptocurrencies because they are under value and they are very new most of the time the these penny cryptocurrencies are new currencies in the market and it happens 80% of the new cryptocurrency is don't even sustain in the market and lose its value

 high volatility this pini cryptocurrencies has a very high volatility rate because us investors come to the penny cryptocurrencies with the help of getting a really good profit and trader use this penny cryptocurrencies to make a good amount of money in short time and that cause high volatility in Penny cryptocurrency

 we have seem that many cryptocurrency projects are fake because it doesn't take that much of effort to create a project many time we have seam and experience that many penny cryptocurrencies are fake and fraud

2.- For you: What will be the best Penny to invest in this 2021? Explain and show evidence.

For me the best penny cryptocurrency to invest in is dogecoin now many people won't agree with me on this but let me give you some really good detail about this coin in my opinion dogecoin has been in the market for a long while and now this is the time when it go up there are so many other many cryptocurrencies but those currencies must have to create a name for themselves in the market before going up in the value they will have to wait and it's not that a new cryptocurrency will come and increase its value it never happens if we do UP Technical Analysis of cryptocurrency Bitcoin came and made a name for himself after so many years and it happened with all the penny cryptocurrencies which are really high in value these days market needs a time people should know about the coin and coin has been around since so many years now and people trust this coin

 I very big reason that I think that it will increase in value because you may have heard that dogecoin is the biggest cryptocurrency in the tipping people use this currency for taping other fellow creators and Gamers as a tip and that is one thing which makes it so unique that it we know that people are in love with gaming and when there is you a tip from a fan in the shape of cryptocurrency and that cryptocurrency is dogecoin there build their interest in that specific coin and I feel like in the future there will be more and more people investing in this penny cryptocurrency

 one another reason that I would like to say is that very big influential people are are taking interest in this penny cryptocurrency in the recent months Elon Musk has tweeted multiple times about dogecoin and he said that they are working on the the development of dogecoin to make it better for the future it clearly means that there is a huge potential in this coi

 if we look at the the market and the graph of dot coin we can see that this is one of the the top dominated cryptocurrencies right now which is a very big deal for a penny cryptocurrency to do many people has invested in this and the total market capitalisation of this coin is very big every compared to other penny cryptocurrencies when the price used as we can see in the chart that it's going up again so I think this is the best penny cryptocurrency and vestment for 2021 dogecoin

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3.- Do a Ripple (XRP) analysis. Show screenshots. Would you invest right now? Explain.

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Answer to this question will be yes I would definitely invest in xrp because I feel look at the graph we can clearly see that this has been a very stable coin since it has started it has only went up and never gone to down it means that if we invest in this coin we can get a really good profit in a very short period of time if you look at the graph with the very focus and a few know about the market these days we all know that because of the Bitcoin cryptocurrency market has gone very down recently you may have heard that Bitcoin has crash I have been monitoring this coins since a little longer than that and I know that it's XRP is doing a great job at stabling the coin and we all know that xrp has been  the most unique cryptocurrency because of the Future Plans and the projects that they have and this is one of the cryptocurrency which has been accepted by many financial institutes in the whole world

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 I would say this is the best time to invest in the cryptocurrency or you can wait a little more for the market to go down and then you can enter in the market but this is also a really good time once the market is stable xrp will be back to the the value where it was two weeks ago and I will leave FB and West in this coin right now we can make a really good profit from this coin looking into the chart I think it's a really good investment and yes I will invest in this coin

4.- Present in detail a possible investment of 5 penny crypto assets. Explain and present data confirming your choice.

Tron [trx]

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 I love this cryptocurrency well there are so many reasons to invest in this cryptocurrency because Tron blockchain is gaining popularity with time many people are using prawns smart contracts to build their project people used to go to ethereum blockchain but now all of them are shifting from there to Tron and the reason is is the speed of prawn blockchain and because prawn is a penny cryptocurrency anyone can afford it in the gas phase is not that Hai why am I giving you this information because the upcoming time is about Tron blockchain and if there are many projects built on this it means that it it will increase in value and if you look at the chat it has a really good track record since it has started Tron has been my personal favourite coin when it comes to Penny cryptocurrency and by looking at the chart and by giving these reasons I think you should look into this cryptocurrency because every company and every coin should have good future plan and Grand has a really good future in the world of cryptocurrency

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Dogecoin

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 well we all know that dotcom has been the most popular penny cryptocurrency since last two months and to be honest I have invested in this penny cryptocurrency but because I do that reading I have gained a really good profit from this coin to because this coin has been in the news and when we look at the fundamental analysis whenever a coin is in use it means that that coin will increase and value recently if you look at the tweets of of Elon Musk which is a very influential person when it comes to cryptocurrency he tweeted that he is working with the dot coin developers to make it more smooth and fast it explain itself that this coin has a really good future if it is been backed by by a person who is among the top 10 world richest people in the world And we have seen that people really look forward to him on the cryptocurrency Sahi believe that it's a really good investment to do

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 Steem

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 now and other one of the best cryptocurrency that I would suggest to invest in this is one of the best cryptocurrency in the market and if you look at the chat we can clearly see that this coin has a really good potential of profit but I will suggest that if you hold is coin for a long term and we see that many times it has crossed the $1 mark now why am I saying $1 mark because it is very important for a penny cryptocurrency to reach $1 once it's about $1 it's not considered is a penny cryptocurrency and by looking at the market I can clearly tell you that after the end of this year this cryptocurrency will be above $1 and more in value I have been tracking and I have been analysing this cryptocurrency since a very long time and I believe that it's a very good investment to do

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Safemoon

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 this is the cryptocurrency that you may have heard of in recent time cryptocurrency has been popular in the last few months many people are talking about this cryptocurrency is the next coin people say that it will replace dot coin in the value currently the value of this cryptocurrency is very low it's very low not even in cents I will suggest to invest in this cryptocurrency because if you look at the chart and if we analyse it we can clearly see that people are investing in this Crypto currency and we can see that it has a really high volatility and every coin which has a really high volatility there is a really good chance of that coin to boost up volatility simply means that investors are coming and going it means that people are taking interest in that coin now the coin goes up in value once it increase in the total market capitalisation and if we look at the capitalisation of this coin it has been a really good coin if we compare it with other cryptocurrencies penny cryptocurrency is basically and the speed at his going up it clearly says that very soon it will reach the $1 mark and then it's only going up

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HIVE

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Recently while researching for some investment I have got to know this is a very good coin and I mostly locate the volatility of a coin before investment and I got to know that this coin has a really good maintaining graph of the value if you look at the past one week for 5 days the value was very stable just like a stable coin which indicates that in future this coin has a really good investor attraction it means that many people are holding this coin and not selling it that's why the value was stable and F many many people starts to do that then the coin will reach Hai it will go Hive recently because of the Bitcoin crash this is the perfect time to invest in this coin and gain a really good profit now if you look at the all-time high its above 97 sense which means that if we buy this Koi now it will give us a really good profit in just about a few days once the market is stable it will go off that I can clearly see from the the past patrons technical analysis of this coin as we all know that history repeat itself it will happen again

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5.- Show an investment (starting at $ 5) that you have made this week in Penny cryptocurrencies. List the steps you took.

The last cryptocurrency investment that I had was indoors coin which I aborted long ago but I was holding that coin and then because I had some other trades to do I exit from the trade 2 days ago on   18th  may 2021  and you can see that in the screenshot that was the last penny cryptocurrency investment that I had

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 trading is not a difficult thing but first of all you need a few things to do the first thing that you must have some sort of assets with you so that you can buy other coins with that and then you can do trading basically   now we will take it from the start the other thing that you must need is a exchange account there are very good exchanges binance and bitrex  and other cryptocurrency exchanges where you can create an account and then start trading 

step #1

let's assume you have binance account now first of all open your binance account when you open your binance account you will be able to see different option in the down below you will be able to see an option which says market now there you will have to click play kaun market

step#2

Now there will be a new window where you will be able to see different coins and the current price going on and many other details but you can also see the search option over there you can search for the coin that you want to to buy for this example I will search for dogecoin and because I have usdt I will use that to buy dogecoin you can search for any pair   e that you won't suppose if you have BTC you can search for BTC/DOGE  

step#3

step#4

Now where you can see there are every detail about the coin and also the chat so if you want to look into the value market capitalisation prices and everything you can look at everything over here now there are two options first option Says by and the second option says  SELL it completely depends upon you which one you want to do for this we will click on buy because I want to buy dogecoin

step#5

Now this is the window where all the magic happens so first of all you will have to put the value of how much price do you want to buy like you can set a limit on which price do you want to buy the specific coin what do you mean by that that makes plan you can buy buy the coin on a specific prize you said that prise and whenever the prize comes to that limit the exchange will automatically by that coin for you

 Now the second box is asking you how much coins do you want so if you want specific amount of coins like if you want hundred you can type hundred and it will give you the value of USD t it will cost you to buy that specific coin Now once you do that you can click on by but there are some other options as well now suppose if you want to buy that coin with the specific amount of USDt When people that of you can easily click  on buy and you are done 

step#6

step#7

Naresh you want to sell your coins the procedure is completely the same this time you just have to click on the cell button and you are done

 

Conclusion

 reading is not an easy thing it's very risky you can lose all your capital and that has happened to many big traders so please make sure that you understand every single thing about trading before getting into trading

 do not put all your  capital and two trading because it can cost you a huge amount of money so please always put your risk capital and two trading and don't do risky trades

best wishes