Introduction

My fellow steemians,
I am so delighted to be a part of these amazing program going on the steemit platform. Since these very program started I have really learnt a whole lot from the various professors. Sincerely this very program has help me to widen my knowledge on blockchain and crypto currency through the lectures delivered by the various professors and my research in carrying out the assignment task. Having attended the lecture delivered by our very own dear professor in the person of @pelon53, on the topic ''PENNY CRYPTOCURRENCY", I am happy to present my homework task here, this is to prove or indicate my level of understanding concerning the class held by the professor. Please read through as you can learn a bit and also contribute to what I have written so far.

Explain the penny cryptocurrency in simplest form and it's advantages and disadvantages.

They word Penny Cryptocurrency are two different word and can be seen in different ways. For the sack of these homework task, I will be discussing them one after another before merging the both term together. First and foremost, the word Penny simply refer to currency that has a very little value. To further explain, we can see penny currency as those currency whose value is less than one US Dollars ($1). Whereas, we can see crypto currency as a digital coins that are used in our modern day financial institution, or we can say crypto currency is a digital currency that is used in our modern day financial institutions. Further more, we can see crypto currency as as a digital coins that is ued to replace the normal fiat.

With this in mind, we can simply say that Penny Cryptocurrrncy are those digital currency whose values are less than One US Dollars. Furthermore, Penny Cryptocurrency are those currency that are new in the blockchain. There are actually a whole lots of problem with some of these penny currency because it has cost most investors their investment. Most of the target set on the white paper are not later achieved by the owns of these penny crypto currency.

Advantages of Penny Cryptocurrency in our investment portfolios?

The advantages of Penny Cryptocurrency are numerous and few of which will be listed below.

• They are very cheap when it comes to trading it.
• Penny crptocurrency has the ability of growing exponentially. Just like the case of Bitcoin and others.
• Because of they much investors, trading is easy. That is buying and selling is very easy.

Disadvantages Of Penny Cryptocurrency In Portfolio.

The disadvantages of crypto currency are as follows:-

• Most of the inventors of penny crypto currency are criminals as such the look for a way to steal from their investors.
• High chances of loosing since the market price is not always stable.
• It is easy to steal since the crypto coins is very small.

Which of the penny will be best to be invested in 2021 personally? reasons and state evidence.

There are many penny crypto-currencies that have interested me a lot with many captivating potential and less worries of dropping in prices.

STELLAR LUMENS (XLM).

Although it's ranked #16 with market cap. The price is still less than $1 hence it is still a penny crypto currency. It topped my list of penny Cryptocurrencies to invest happily based of those facts explained above.

DOGECOIN (DGE)

Another high ranked Cryptocurrencies is Dogecoin and it is ranked #7 with great protocols that is very real and can be acceptable by all exchange platforms. The price is still less than $1 hence it is still a penny crypto currency.

STEEM

Although it's market ranking is below #200. It has a great growth potential of Market capitalization. The price is still less than $1 hence it is still a penny crypto currency.

Based on Ripple (XRP) Analysis, show the screenshot. Would you invest now? Explain

From the picture above, which is screenshoted from the coinmarket cap of worldwide the price of XRP is dropping down although not below $1. It's a great opportunity for me to invest in Ripple Coin. Because it will bounce back very soon.

Present the possible investment portfolios of 5 penny crypto-currencies. Explain and present data confirming your choice

In this investment portfolios as shown above, I invested in these penny crypto-currencies:

DOGE

STEEM

TRX

USDT
And more to yet come.

REASON.

After so many findings, I find out that These main exchange based tokens that makes it highly scalable and tradable. It can be acceptable by almost all exchange platforms.
They are well-known digital coins although they are penny currencies that's means that I will not be scammed. For trading with them.

Show the investment of $5 made this week in penny crypto-currencies. List the steps, you took.

After studying this week lessons here, I decided to give some pennies big shots. I bought some of them.
Since I'm using #binance to trade, here is a screenshot of my investment in binance. This was the one I made this very week.

Conclusion

In conclusion, I believe we have been able to here a little about Investment portfolios. These lecture has actually exposed me to many things.
My appreciation goes to professor @pelon53 for this great lecture. I have learnt a whole lot. I look forward to learning more from you and other crypto processors as the course progresses.

Cc:
@steemitblog
@pelon53

Thanks for reading...