Are you looking to make small but potentially significant changes to your crypto portfolio? Look no further than these top 5 penny cryptos: DigiToads (TOADS), Metacade (MCADE), Stellar (XLM), Chilliz (CHZ), and Cardano (ADA).
Each of these is currently valued at penny prices, and they all offer a great opportunity if you’re looking to make some big moves on a budget.
DigiToads is a decentralized play-to-earn cryptocurrency that operates within its metaverse known as the “Swamp.” The platform allows users to purchase and train virtual pets in the form of NFTs, which can participate in in-game battles.
The winners of these battles, determined by the leaderboard rankings, will receive a portion of the prize pool funds generated through in-game sales. Moreover, DigiToads also offers NFT staking pools as an additional means of generating passive income.
Presently in the first phases of the presale, DigiToads costs $0.01 and has the potential to increase in price by a factor of 5.5 by the time of launch.
Thus, diversifying your portfolio with a penny project that will gain by 450% during the presale alone could be your most lucrative opportunity.
At its core, Metacade is a social hub for play-to-earn (P2E) video games. It’s a starting point for players interested in P2E, where they may find communities of people with similar interests and contribute to the gaming revolution.
Developed exclusively for Web3, Metacade provides its players with a novel approach to social gaming platforms to disrupt how these communities are owned and managed.
Metacade is also in its presale and proudly holds the status of one of the highest-growth potential penny crypto projects.
Stellar Lumens, represented by its native cryptocurrency XLM, has also found widespread application in logistics, remittances, and borderless payment transfers. The system provides a safe, rapid, and dependable means of sending money or other valuables to anyone worldwide.
It allows users to create, send, and trade tokenized versions of any currency, including dollars, pesos, euros, Bitcoins, and anything else, with Lumens serving as the common exchange token.
This cryptocurrency functions as a low-cost and instant solution for cross-border payments, while the platform enables anybody to issue tokens through ICOs or token funding.
Chilliz is a multi-platform blockchain service that includes socios.com and tokens. Socios.com is a platform for crowdsourcing team management, allowing fans to show their allegiance to their favorite teams while also contributing to the team’s decision-making processes. Things like shirt designs, names for practice fields, and other options can be put to a fan vote.
The program also allows these fans to vote with and exchange their fan tokens. The tokens double as loyalty cards, allowing holders exclusive sales and perks.
Token holders can access exclusive discounts on in-app purchases, reward points, and other activities within the application.
Cardano is a top layer-1 network and a promising low-cost cryptocurrency. Cardano, which debuted in 2017 as a more rapid and efficient alternative to proof-of-work-based networks like Bitcoin and Ethereum, has since grown to become the eighth-largest cryptocurrency by market cap. This is because each network upgrade is based on solid scientific principles and vetted by field experts to ensure quality.
Cardano has been criticized for being late to the party multiple times, but it looks like it will finally burst in 2023. Hydra, a layer-2 scaling solution, is planned for implementation in the coming months and potentially allows indefinite scalability.
The bottom line
Investing in penny cryptos can be an exciting way to diversify your portfolio and potentially earn big in the long run. DigiToads, Metacade, Stellar, Chilliz, and Cardano are the most thrilling examples of cheap yet promising cryptocurrencies, so grab some before they reach the moon.