8 promising Penny Cryptos to buy this year

With the market down significantly since the start of the year, many investors are looking to stock up on the best penny crypto projects. Finding the best cryptos under a cent can be difficult. However, to make finding the best penny crypto projects simpler, we’ve rounded up the best projects on the market and reviewed them below. Here’s the list-

1.
Battle Infinity – Overall Best Penny Crypto

Battle Infinity (IBAT) is a new and exciting Metaverse gaming platform with its own token which is undoubtedly one of the best penny cryptos to buy. The team aims to bridge the Metaverse and play-to-earn (P2E) sectors in order to create a platform with elements from some of the most popular trends within crypto.

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One of the main features of the Battle Infinity ecosystem is the IBAT Premier league. It is a fantasy sports league that will implement real-world data into player statistics, to create a more realistic game. It’s due to be released during phase 7 of the Battle Infinity roadmap this could catapult IBAT to the forefront of the crypto industry.

In addition to the IBAT Premier League, there will also be IBAT Battle Swap (decentralized exchange), IBAT Battle Market (NFT Marketplace), IBAT Battle Games (P2E games), IBAT Battle Arena (Metaverse with unique avatars), and IBAT Battle Stake, a staking platform where uses can earn rewards for staking IBAT or other cryptos.

The Battle Infinity ecosystem is powered by the BEP-20 $IBAT token. 28% of the 10 billion token supply has been allocated to presale investors.

Investors looking for the best penny cryptocurrency to buy now can check out the presale below. It’s running until October 10th, 2022, and has a hard cap of 16,500 BNB.

Visit the IBAT Presale Now

2.
Lucky Block – Exciting Penny Crypto Platform

Lucky Block (LBLOCK
) is one of the best crypto under a penny on the market. By using blockchain technology, the team has managed to create a provably fair NFT competition platform that offers efficient rewards distribution.

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Lucky Block offers its users multiple ways to win. People can participate in the main prize draw with tickets costing just $1 (5 tickets minimum). Alternatively, participants can join the Platinum NFT competitions by owning a Platinum High Rollers Club NFT.

To facilitate centralised exchange listings, the BEP LBLOCK token will be migrating to an ERC-based variant with 1 BEP LBLOCK being swapped for 0.94 ERC LBLOCK. Following this migration, a stream of CEX listings will begin starting with MEXC.

All in all, Lucky Block is the best crypto under 1 cent this year. Lucky Block has already attracted attention from investors and with a myriad of CEX listings on the horizon, there’s no better time to get involved.

Buy LBLOCK Now

3.
VeChain – Penny Smart Contract Crypto

VeChain (VET) is a layer-1 smart contract platform that aims to disrupt the current data management status quo. The project rose to prominence in 2021 but despite peaking at over $0.20, VET currently trades at just $0.024 making it a sure-fire contender for
best
best penny crypto.

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VeChain aims to be implemented in a large range of industries with the technology already being adopted by a number of high-profile companies as well as government bodies.

With an already established network of clientele and more partnerships emerging fairly often, VeChain has the potential to grow significantly alongside the recovery of the market.

4.
Gala – Blockchain Gaming Ecosystem

Gala Games (GALA) is one of the leading creators of blockchain games. The team is responsible for a number of notable projects including the upcoming play-to-earn game Walking Dead: Empires.

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The project aims to create ‘blockchain games you’ll actually want to play’and as such the team focuses on gameplay and fun rather than just P2E mechanics. The Gala games ecosystem already houses over 1 million players and it’s likely this number will continue to grow.

While there aren’t too many Gala Games currently playable, the team has several projects under development that could help boost the price of GALA.

5.
Tron – Fast and Cheap Blockchain

TRON (TRX) has been around since 2017 and managed to attract millions of investors from around the globe. Due to it boasting low-cost and fast transactions, TRON has become a favorite among developers looking for cheaper alternatives to Ethereum.

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The network uses a unique delegated proof-of-stake consensus mechanism to validate transactions, leading to the network being far more energy-efficient when compared to traditional proof-of-stake-based networks.

TRX has lacked significant price action in the past year or so but with the rollout of the TRON-based stablecoin USDD there could be far more demand for TRX in the future.

6.
Basic Attention Token – Next Generation of Browser

Aiming to revolutionize the world of digital advertising, Basic Attention Token (BAT) rewards people for simply browsing the web.

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The proprietary Brave browser allows people to privately browse the web and see adverts that better apply to them. This allows advertisers to get a better return on their ad spend and allows users to be rewarded for viewing promotional material.

The native Brave Browser has quickly picked up a user base and shows promise for continued growth. Therefore, it could be worth a budding investor to check out the browser to see if they like the technology.

7.
Loopring – Low-Cost Ethereum-based Exchange

Loopring (LRC) is an exciting Ethereum-based project that allows its users to trade and interact with decentralized finance (DeFi) products cheaply, quickly, and securely.

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At its core, Loopring is a layer-2 platform that supports trading, liquidity providing, swaps, and payments all while still maintaining the excellent security offered by the Ethereum network. The project can handle over 2,000 transactions per second making it far faster than Ethereum.

While Loopring has struggled to build up steam in recent months, an increased number of users and a partnership with GameStop could make this project the best penny crypto to invest in.

8.
Nexo – Crypto Backed Loans

Crypto-backed loans have exploded in popularity over the past year to temporarily spend crypto without worrying about capital gains tax.

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Nexo (NEXO) is a lending platform that offers crypto-backed loans. Users can use their crypto holdings as collateral in order to instantly receive a loan in the form of either fiat or stablecoins.

While lending platforms have gotten a bad rap in recent history, Nexo remains stable and at the forefront of the industry. As crypto adoption increases, the need for platforms like Nexo will too.

How to Buy IBAT

With Battle Infinity taking the top spot on our list of the best penny cryptocurrencies, it’s only fitting we include a guide detailing how to buy IBAT.

Step 1 – Register with an exchange

The first thing an investor needs to do is register with an exchange. This is because BNB is needed to participate in the IBAT presale. We recommend regulated broker eToro.
Visit eToro Now

Step 2 – Deposit and buy BNB

Once an account has been created, an investor needs to deposit funds by clicking the ‘Deposit Funds’ button, choosing how much to deposit, and pressing ‘Deposit’. Then to purchase BNB, click on the search bar, enter ‘BNB’, press ‘Trade’, enter the amount of BNB desired, and press ‘Buy’.

Step 3 – Create Metamask and Send BNB

To buy IBAT an investor needs to head over to Metamask.io and download the mobile app or extension and follow the on-screen instructions to create an account. Once created, switch to the Binance Smart Chain and withdraw BNB from eToro via the eToro Money Wallet.

Step 4 – Connect Wallet and Buy IBAT

Lastly, head over to the
IBAT presale website, press ‘Connect Wallet’, select Metamask and confirm the connection. Then, scroll down to the ‘Buy IBAT’ section, decide how much to invest, and press ‘Buy IBAT’. The tokens will be sent to the Metamask wallet and the purchase completed.

Disclaimer: The above content is non-editorial, and TIL hereby disclaims any and all warranties, expressed or implied, relating to the same. TIL does not guarantee, vouch for or necessarily endorse any of the above content, nor is it responsible for them in any manner whatsoever. The article does not constitute investment advice. Please take all steps necessary to ascertain that any information and content provided is correct, updated and verified.


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