As crypto prices continue to slide and sentiment turns bearish, savvy investors are searching for new opportunities that could yield substantial returns.
Penny cryptocurrencies, often overlooked in the market, are gaining attention as potential ways for investors to beat the bear wave.
This article explores five such penny cryptos that could defy the downturn and offer significant upside potential in the weeks ahead.
1. Bitcoin Minetrix (BTCMTX)
One penny crypto turning heads in this bear market is Bitcoin Minetrix (BTCMTX), currently in its presale phase with its token priced at just $0.011.
What sets this project apart is its revolutionary “Stake-to-Mine” mechanism, which allows users to stake BTCMTX and earn non-tradable mining credits.
These credits can be burned to secure cloud mining power, allowing users to mine BTC without the typical barriers to entry.
Moreover, Bitcoin Minetrix offers an enticing staking protocol that promises annual yields of 586%.
Given the current volatility in the market, a project offering stable, high yields is relatively rare – which is why Bitcoin Minetrix’s presale has already raised over $1 million in early funding.
As the crypto mining industry is expected to grow at a Compound Annual Growth Rate (CAGR) of 12.90% between now and 2032, Bitcoin Minetrix seems poised to tap into this lucrative market.
If the team can deliver on their ambitious roadmap, which includes the rollout of a mobile app, this penny crypto could offer a glimmer of hope during the bear market.
2. Meme Kombat (MK)
Another penny crypto bucking the bearish trend is Meme Kombat (MK), an innovative project that blends memes with battle arenas in a decentralized setting.
With a presale price of just $0.1667 per token, the platform has already raised nearly half a million dollars.
In the Meme Kombat ecosystem, users can stake their MK tokens and bet on meme battles, offering an engaging way to earn more tokens.
The developers have earmarked 30% of the MK supply for staking and battling rewards, emphasizing their commitment to long-term sustainability.
Moreover, MK stakers can earn yields of 112% per year by pledging their tokens – with payments accrued throughout the presale’s duration.
With a detailed roadmap that presents plans for new battle modes, characters, and earnings opportunities, Meme Kombat looks well-positioned to provide entertainment and returns potential.
As such, now that Meme Kombat’s Telegram channel is beginning to see a massive influx of new members, MK could be another penny crypto to watch in the coming weeks.
3. TG.Casino (TGC)
TG.Casino (TGC) is an online gambling platform integrated with Telegram, offering a unique ecosystem that includes its own ERC-20 token, TGC.
The platform is fully licensed by Gaming Curacao and allows users to gamble anonymously with cryptocurrencies – removing the need for lengthy KYC processes.
Alongside its massive selection of games and sports betting markets, TG.Casino offers features like staking for passive rewards, with yields of 657% annually.
The developers aim to capitalize on Telegram’s enormous user base, making it easy for these users to get involved in the crypto gambling space while benefiting from the app’s user-friendliness.
Currently, TG.Casino is hosting a presale for its TGC token, with investors able to get involved for $0.125 per token.
Over $740,000 in funding has been raised already, with the developers intending to launch TGC on major exchanges once the presale ends.
With TG.Casino ranked as one of ICOBench’s top upcoming ICOs, TGC looks primed as another penny crypto that could defy the bear market.
4. Neutron (NTRN)
Neutron (NTRN) is an emerging penny crypto built using the Cosmos SDK that offers smart contract functionality to IBC-enabled blockchains.
With a focus on interoperability, Neutron aims to be the most secure CosmWasm platform in the entire Cosmos ecosystem.
Leveraging cutting-edge technologies like Interchain Security, Neutron allows developers to deploy dApps once and scale them across multiple interconnected chains.
As a new project still establishing itself in the space, Neutron’s low price presents an intriguing opportunity for investors seeking undervalued cryptos with breakout potential.
Currently, NTRN tokens are trading for just $0.345 and have experienced a 192% increase in trading volume over the past day – hinting that this could be another high-potential penny crypto to watch closely.
5. Request (REQ)
Lastly, Request (REQ) is a decentralized payment network that enables anyone to request and send money with minimal fees.
Built on Ethereum, Request aims to be a universal ledger for payments and accounting, compatible with multiple currencies and providers.
With a focus on simplifying payments and invoicing, Request offers a platform for frictionless financial services.
Moreover, as a penny crypto trading under $0.10, REQ presents an intriguing investment opportunity for risk-seeking traders.
If adoption continues growing, REQ’s low market cap provides substantial room for growth.
Additionally, given that it is ranked ninth on CoinMarketCap’s list of trending cryptocurrencies, REQ shows signs of increasing traction, which is crucial for defying any bearish wave that might occur.