Week 14 Homework for professor //pelon53//Penny cryptocurrencies

Hello everyone, I hope you will be fine and enjoy good health by the grace of God Almighty who is merciful and compassionate to all.

As we know, Steemit Crypto Academy is running to educate all other audiences as well as Steemians. But there is a good chance for all stemmers that they can earn by doing homework in addition to learning.

As a student, I also attend professors' lectures, and today I attended Professor Pelon 53's lecture on Penny Crypto Airport. The lecture contains complete information on cryptocurrencies of penny, their functions, and their advantages as well as their disadvantages. So if you want to know about penny cryptocurrencies, you must read the Professor Pelon53's lecture.

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

Penny means very small, one cent equal to 1/100. And so the word is used in cryptocurrency for coins that have a very common value that is usually less than 1. These are the cheapest cryptocurrencies worth a few cents.

Most money cryptocurrencies are highly volatile and their value can be converted into a dump and pump firm. Pump means go down in price and dump means go down in price. But not all pie cryptocurrencies are the same. Each cryptocurrency has its own characteristics and they are very different from each other.

Everything has its own advantages and disadvantages. Here are some basic advantages and disadvantages of cryptocurrencies:

Advantage

Penny cryptocurrencies are very stable and we can make huge profits.

They have the potential to change the market and become a favorite of investors.

It can be a popular choice for investors in a matter of moments and more profitable.

One can make a huge profit by investing in it in a great time with just a small investment. This can be for those who do not have much investment but want to buy cryptocurrencies, so this is a big deal for them.

Reliable money Cryptocurrencies can offer something good by offering huge commissions and profits through ICOs.

Disadvantages

Penny cryptocurrencies have a lower price which can lead to less capital.

Because of their low liquidity, it is difficult to sell them in the market immediately due to lack of buyers.

Their trade is low due to low liquidity. In most cases, when the price goes up, their transaction fee goes up and in some cases, their business may become inactive.

Because these cryptocurrencies are offered by small companies, these companies cannot cover the costs of its records and do not provide all its records and data.

These cryptocurrencies cannot be trusted as they could be a way to snatch people's money by offering huge profits through ICOs. As it turns out many times the companies snatched all the money and left and no one could find them.

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

Penny cryptocurrencies are booming everywhere and a lot of people are investing in them and making huge profits. But those who are investing without careful analysis are losing the game.

We should do a thorough research before investing in penny cryptocurrencies. I like investing in cryptocurrencies.

So I think the best money to invest in 2021 is Dogocoin because it has changed the corrupt world. It was priced at 0.0005588 when it was launched in 2013 but in February 2021 it hit a price of 0.06126.

And again, these would mean that you have to spend for these processes.

Coinmarketcap

Secreenshot at Binance

It is currently trading at about 0.3917 and before that it came down but now it is ready to pump. The great thing about it is that it changes every now and then. It goes down and comes with the same speed which means you can't lose but overall it gives profit but with careless management.
It turned out to be a huge penny cryptocurrency that made many people billionaires and billionaires.

So according to my opinion dogecoin is best penny to buy in 2021.

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

Ripple (XRP) is another famous penny cryptocurrency and a currency exchange introduced by the Ripple Labs Inc. It was introduced for the global payments because it provides better payment system at international level.

Now it has become very popular and everyone is taking interest in it due to its high demand and so on its price is increasing and the investors are making huge profits.

Secreenshot at Binance

In the start it was launched with the price of almost $0.0044 but it moved up rapidly in the beginning of 2018 to about $3.5 but then it was dumped and it fell at the price of less than a $1.

Here we can see it's fluctuations than it moves upward then come backward and following this trend all the time and in this way we can make more profits with small investment.

And currently it is trading at the price of $1.5624.

Here you can see the analysis that now it is good time to invest in the Ripple (XRP) and you can make profit. So if you want to invest then don't hesitate and invest in it and in this way you will make money and huge profit.

So I am also ready to invest in this but my investment already bounded to other coins and at present I do not have more to invest in it. But it is now ready to follow uptrend as it is already following this trend.

Present in detail a possible investment of 5 penny crypto assets.

At present there are a lot of penny cryptocurrencies which are moving and people are raising huge profits. My choices are given below:

1. Tron (TRX)

Yes I will keep trx at first to invest as it is very hot penny cryptocurrency everywhere and it has a lot of potential to rule the world. As Tron blockchain was introduced by the Justin Sun and he is trying his best to make it better. As he has a lot of followers and a lot if trustees.

Secreenshot at Binance

We can see that how much it went up in the last days and people made a lot of money from it. But then it dumped and now it is again ready for the bullish and it is a good time to buy it at this best price to make profit.

2. Basic Attention Token (BAT)

BAT is a utility token based on the Ethereum Blockchain.

It was introduced as a reading token for the Brave Browser. It is also a penny cryptocurrency but it has got value as there a lot if investors who are investing in it.

Secreenshot at Binance

It is currently trading at the price of $0.8614 as screenshot is attached. We can see that firstly it followed downtrend but now it is time to buy and invest in it to make profit. As it is going up.

3. Trust Wallet Token (TWT)

I think everyone is familiar with the trust Wallet which is used to hold and buy cryptocurrencies for long term. And trust Wallet has its own token which is also a penny cryptocurrency and it is fully trusted to invest in it.

Secreenshot at Binance

Here you can see that it is also indicating buy signal so it is a good time to buy it to make profit. As currently it is at the price of $0.5947 and it is possible to hit $1 as the market is flowing rapidly again.

4. Steem

The best penny cryptocurrency of 2021 is Steem as it is moving rapidly and giving profits to its investors and everyone is also looking at this and investing in it and making a lot of money.
It has been proved the best penny cryptocurrency of all time as well as of 2021.Here you can see it's price chart and indications.

Secreenshot at Binance

It is now indicating strong bullish and it is ready to overcome all the market. I have also invested in it and holding Steems and waiting for the big bullish wave and I am sure that it will very useful. And all the investors will surely get a lot of profits .

5. Siacoin (SC)

Siacoin is also most loved penny cryptocurrency of 2021 as it also have s potential to overcome and to be bullished.

Secreenshot at Binance

As you can see in the price chart, it went up recently and gave investors a huge return. And now it is ready to put out the fire once again. I added a friend of mine to it and he made a huge profit and he even suggested me to invest in it. So I'm looking forward to investing in it right now.

I have added all these penny cryptocurrencies to 5 in 2021 because they have high liquidity in marketing and they are all easy to sell and easy to buy. Moreover, they are at the top and there is no possibility of scam or money snatching. And technical analysis suggests that all cryptocurrencies are following the same trend.

Show an investment (starting at $ 5) that you made this week in Penny Cryptocurrencies.

If money is invested in cryptocurrencies can give you a lot. I am also interested in selling my other cryptocurrencies and buying cryptocurrencies for money. As we know that recently Steem went to 0.70 at its lowest price. At that time I had another cryptocurrency which was at its peak so I sold them immediately and bought USDT and immediately I bought Stems and I'm looking forward to it soon. As its price is increasing and it is currently at 0.7313 but I still stop my investment in the form of steems.

Secreenshot at Binance

I'm also trying to buy a dodge. I placed an order to buy at 0.28 but my order has not been placed yet as it has increased to 0.39 but I hope I will buy it at the current price as well. .

Conclusions

Although cryptocurrencies of money are highly volatile, they can earn you a lot. But before you invest, you have to do some research and make sure that the credit currency of the money is real and not a scam. Then you can make huge profits. But if you want to invest money in cryptocurrencies, you have to wait a long time and then you become a millionaire.

Cc:- @pelon53