Penny cryptocurrency

As from the word penny it means a monetary value that is small and would only be able to purchase few or little items things referred to as penny maybe coins cause their value are relatively lower than a dollar.

While the word penny cryptocurrency can then be explained to be generally accepted digital currency that is being traded under the value of one dollar, they are said to be relatively cheap coins worth few amounts of currencies.

There are different types of penny cryptocurrecies which are:

New cryprocurrencies: they are the one newly released to the market and not yet generally known.

Stagnant cryptocurrencies: they are pennies that have been in market for long and the price dosent flunctuate at all
Crashing cryptocurrencies: they are crypto that use to worth a lot but had a fall in price due to shift in the market price

Advantages of penny cryptocurrency

They are said to be unpredictable in creating either large or low profit due to the investors influence. Unimaginable return on investment could also be earned from little investment deposited. They could increase within a short period of time or at a later Time of years range

Disadvantages of penny cryptocurrency

It is very hard to get buyers for such penny coin because the worth seems like loss. The rate of trading charges for the penny coin might also discourage the buyers. Trading penny coins demands an high level of risk tolerance

As for me, I would love to invest in a penny coin called Doge coin it was created by a software engineers called billy Marcus and Jackson Palmer who created this form of payment as a joke which was created in the late year 2013 and because the world richest man the TESLA CEO Elon musk is trying to invest in Doge coin to be used as a currency being spent in mars by creating a plant to manufacture Dogecoin token on the moon and when he puts his investment there the rate of this penny coin will increase at a very boosting and increasing rate that would yield more then expected returns on investment then the bitcoin because the coin will be spent and used in the outer space by calibers of the richest men in the world.

The chart shows the current price value of the doge coin recently

The doge coin has been down by 3.87% for the last 24hours with the current market capital ranking of #5 with a market live capital of $63,758,752,817 USD.

Ripple(xrp) analysis

if the ripple coin can break out and maintain a balance this those around, or try overcome the SEC case or rather have it reduced or settled it could be regarded as an end for the race of ripple. Cryptocurrencies are circular and each sections are repeating patterns called fractals and if the fractual pattern continues ripple might advance as high as $160 per token for short-term but within the range of 2022 to 2023 it could act as a peak to the latest big and strong market meaning another cycle can begin.

I would invest knowing the possibilities that it would yield more bonus in returns on investment on the long run investing an high stake at a time like this is recommended.

Five penny crypto assets:

1. SOS Ltd: the company has involvement in blockchain technology and large data marketing has made it an interesting penny stock platform to be observant of . The ceo of the sos is me. Yandai wang.
   The core of the sos software as a service allowed it to build a foundation on cloud computing,5g networks,AI technology, and blockchain based technologies. By providing essential advanced marketing strategies to serve the large clients like the business institutions , insurance companies , health companies among many other industries

2. Uxin Ltd: it is based in China and has made various strategies to maintain a modern presence through an online platform the uxin Ltd is said to be quite volatile and said to withhold a market capital of $600 million making it also a relatively large company. Of-recent the uxin entered into agreements with two major Asian investment firms and now has new $300 million investment. It was not seen as a surprise when free the announcement the evaluation boosted

3. Future Finetech Group Inc: this company is leading in the sector of business in e-commerce in blockchain technology the company is situated in Florida. It uses a digital finance technology to its client by use of blockchain for online shopping. After attending a blockchain and digital industry development conference, the future finetech group entered into the chengdu urban blockchain industry alliance. The alliance shares the belief that various centers including applied research centers need to be developed to further blockchain investment in China.

4. Atari SA: is a well known game developer and is respectively recognized for the games pong and asteroids invented. It recent business transition has lured it to a new business direction, but strictly it has based its focus towards the cryptocurrency and blockchain market and this will sub divide the company into two which might be the Atari gaming and Atari blockchain. Being new to the industry it intends to implement the blockchain technology into its existing infrastructure by creating NFT, as a cheap penny stock, investors are paying high attention and increased investment

5. Ebang international holdings inc.

The business enterprise engages in the design,research,development of circuit chips. It produces bitcoin mined products, he computer chip has a shortage availability worldwide and has affected the market for computer technology in automotive and defense and due to these reasons the ebang industries have seen the prices for circuit chips push upward
The company is said to produce particular figures of technology products used in cryptocurrency mining. And because of the increasing price of doge coin and investors Abe been persistent on finding crypto. Penny stock to watch over.

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