INTRODUCTION
Hello steemians, I am very delighted to write my homework post for this week and also using this opportunity to say a very big thank you to prof @pelon53 for this wonderful lecture this week.

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Picture edited by myself

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Question 1

What Is Penny Cryptocurrencies

The title of these cryptocurrencies gives a clear definition; in english, the word penny alludes to a littler sum of cash (or things) that produces a dollar or pounds; on that note, i will say penny cryptocurrencies are coins with a esteem less than one dollar ($1), and they are known to be exceptionally cheap. Using coinmarketcap, one can effectively recognize penny cryptocurrencies by looking at the value of the coins recorded. Within the picture underneath, i was browsing through my phone utilizing coinmarketcap to recognize penny coins, and the ones i recognized are highlighted.

I Screenshot This From Coinmarketcap

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Most dealers I have met accept that any coins between $ 0.1 and $ 0.0004 are all penny coins, which they are a distinctive sort of speculation that gives tall and fast benefits notwithstanding of the chance involved.These coins are more unstable than any other sort of cryptocurrency, and they can be effectively controlled through the pump and dump plot.

Advantages and disadvantages Penny cryptocurrencies

Penny cryptocurrencies are a good investment to multiply your capital due to high fluctuations in their market price. This can increase the capital of one's investment by 10X or more than that concerning the fluctuation rate.

Advantages of Penny Cryptocurrencies

1. Low Investment Capital: Penny cryptocurrencies don't need huge capital before one can earn huge profits as a result but instead low capital can be invested and at the end of the day, the investor harvest a huge amount of profits. On the contrary, when we take the other currencies such as BTC, ETH, and those high currencies, before one can get high profits unless he/she has invested a huge capital into it and this is not the case as in penny cryptocurrencies.

2. It is a good currency to be added to one's portfolio. It is very good to add at least one penny cryptocurrency into your portfolio for it will help save your portfolio when the market price of the other currencies is going down.

3. It enables investors/traders to gain huge profits. Penny cryptocurrencies make traders earn huge profits when fluctuation increases in favor of the coin. Taking Dogecoin as an example is one of the currencies that has rapidly increased market price within a short period of time.

4. Large amounts of these coins gotten can translate to better profits in future which were acquired with little fiat investments.

Disadvantages of Penny Cryptocurrencies

1. They can effortlessly turn you into a bug holder, so we do not contribute as much cash in it as we do in coins with a great notoriety in terms of showcase cap and esteem, since most penny coins can turn into shit coins at any time.
2. They sometimes record a low liquidity rate, which may make it troublesome to offer due to a need of buyers within the showcase.
3. It is not a good seasonal crypto investment: Penny cryptocurrencies are not good enough to be left for a long season of trading. It is good when the fluctuation goes in favor then you withdraw the profits and invest in other currencies.
4. High Fluctuations: Because the fluctuations that occur in penny cryptocurrencies are very high, it can really disappoint you at once, especially during the time of bearish trends in the crypto market.

Question 2

For You: What Will Be The Best Penny To Invest In This 2021?

My best Penny to contribute in this 2021 is the DOGECOIN. This has as of now been actualized and obtained given to all the prospects related with this coin. This doubtlessly passed all my desires given to all the elemental and technical examination carried out.

I Screenshot This From Coinmarketcap

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Before one would invest in any penny cryptocurrency, the following criteria should be met;

1. Listed among the popular exchanges
2. have a good project
3. have been on the market for long
4. 24 hours trading volume
5. listed among top 200 in the market

These are a few of the highlights that i considered and I choose Dogecoin.

1. The Dogecoin is on 839,552 watchlist with contracts in Binance Exchange. It is seen in almost all of the exchange platforms.
2. With its trending volume and market capitalization, Dogecoin is seen to rank number 6.
3. Dogecoin daily trading volume is seen to be at $4,802,902,841, which is far above the threshold given for Penny cryptocurrency.

Once you see at the current state of affairs for this penny coin, you'll be able see that it has more potential because more speculators are coming in, and the foremost well known news that's making the grounds exceptionally solid is Elon Musk's association in Doge coin.

I Screenshot This From Coinmarketcap

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Question 3

Do A Ripple (XRP) Analysis. Show Screenshots. Would You Invest Right Now?

The Ripple was outlined to acts as both a cryptocurrency and a computerized installment organize for all monetary exchanges. It was live in 2012 with one Chris Larsen and Jed McCaleb as co-founders. A bit like the Quick within the conventional centralized framework, so is Swell in its functionalities where it's focuses on Installment settlement and settlements.
For clarity purpose, Ripple could be a company/Network and XRP is the local coin or Token utilized in Ripple. It may be a decentralized blockchain arrange but amusingly employments a permissioned agreement mechanism(Usually snare to bank servers to confirm exchanges). A few would call it a decentralized arrange that acts in a centralized way.

In the chart above the support level is at $ 0.9975 represented by a yellow line. And the resistance level at $1.6540 represented by a red line.
As we all know it is hard for a coin to break the support line , so did XRP bounce back after testing the support I set.
The super trend is also indicating a buy signal. The M.A is still above the price indicating sell but this because of the setting it will change after 7 margin different to give a third confirmation to invest in this coin.
From what i have seen and per my research about this penny cryptcurrency I will invest in it because all of my analyses show an uptrend movement, the price failed to break the support line, and my technical indicators also show an uptrend movement, so investing in XRP at this time is the best decision to make, and I will study the chart and take profit whenever possible.

Questions 4

Present In Detail A Possible Investment Of 5 Penny Vrypto Assets. Explain And Present Data Confirming Your Choice.

Based on the lessons I learned at Crypto Foundation final season, I was able to target a few penny coins that I was able to contribute in nowadays with the small cash I had, since I am still learning how to exchange, so investigating the showcase with five of the penny coins was a leading choice.

The Five Coins On My Portfolio

The Dogecoin: As already expressed, this coin may be a hot cake right presently. I contributed in it at 0.2453 and pulled back a few when the cost shot up right now the cost is 0.3606. I am really clinging to my position, anticipating it to surge higher. The activity of the Doge coin can too be ascribed to Elon Musk, the very rich person who habitually talks about this coin on Twitter.

Tron ( TRX ): this coin is known to be running on the dynamic blockchain within the showcase right presently, it run on square chain that can handle around 2000 TRX per moment not at all like BTC that handles as it were six per moment, and it for the most part utilize presently to construct DApps by numerous engineers.

Stellar (XLM): This coin since its propelled in 2014 has done so much well at the starting of this year it was at $0.2 an nowadays it contains a multiplied it esteem, I contributed in this coin taking after it related news almost a few modern bargain that they are setting out which I accept will have a awesome affect on them in January 2021 stellar takes off 40% after the ducking relationship the charges against Swell influenced this as well but at that point it started to appear a few positive development, so I took advantage of the showcase I am presently in a twofold up capital lead , right presently the cost is down but it is prudent to purchase it presently and hold up.

Question 5

Show An Investment (starting at $ 5) That You Have Made This Week In Penny Cryptocurrencies. List The Steps You Took

1. First of all go to wallet then click on spot wallet.
   2.You from the above you can see the tokens I am holding on Binance.
   3.The penny coins I want to invest in is Doge coin so I will have to search for it.
2. Select the pair DOGE/USDT and now fill in the order form.
3. Kindly enter the amount you can purchase.
4. Then click buy.
5. The order will be created wait for a while to confirm you transaction , go to your wallet and check in the spot you will see the Doge coin listed.

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Conclusion

Penny cryptocurrencies are very important to every trader and at least a trader or an investor should have one or two penny cryptocurrencies in his/her portfolio so s to help boos the portfolio when other currencies are falling down. I am very excited to have learned about penny cryptocurrency this week. It is very necessary to invest in penny cryptocurrencies but one should be very careful in doing so and should make more research about the currency before investing in it.
Thanks to all for reading and passing by my post. I would like to appreciate the good efforts of prof @pelon53 for this great lecture taught this week.