Last week saw a huge crash in crypto market. The downward trend has been almost constant since the start of the year and is increasingly becoming a concern for investors and analysts alike.
The crypto bear market might generate an air of skepticism, but could also be viewed as the perfect opportunity to invest on the cheap. With crashes and presales flooding the crypto market, one can find several ways to navigate the downside to their best advantage. Another tool that can be used to make secure and promising investments during the bear market is Penny Cryptocurrency.
What is Penny Cryptocurrency?
Penny cryptocurrency is an altcoin that can be acquired at a value of less than $1. These cryptos are usually inexpensive to acquire and are volatile, which could lead to a rewarding increase in value.
The rule of thumb when investing in crypto is considered to be to only invest what you can afford to lose. The availability of penny cryptocurrency makes this rule ideally easy to follow. Penny cryptocurrencies are considered the safe way to avoid losses and earn exponential profits. Since acquisitions are made at a very low value, losses are covered by HODLing for a period of time, given that there is a loss incurred in the first place.
Some profitable examples of Penny Cryptos are Cardano (ADA), Stellar (XLM), Cronos (CRO), Decentaland (MANA) etc. However, some of these options that stand out in the market are logarithmic finance (LOG) and Shiba Inu (SHIB).
Logarithmic Finance (LOG) launches its presale
Logarithmic finance (LOG) is a new market entry that is already making the news. The developers of Logarithmic finance aim to create a platform that facilitates communication between investors, fintech developers and new-age artists.
With its NFT Swap function, LOG allows investors to exchange their tokens into NFTs, making digital assets highly accessible. It is a cross-chain multi-chain platform that operates on a layer 3 exchange protocol.
The newspaper token is currently valued at $0.008 and has increased in value by 469% since launch. The numbers speak for themselves and are all there is to consider LOG tokens as an investment. Given its presale availability, the token is available at very affordable prices. It strongly looks like a promising investment that has all the potential to reap big profits.
Buy Shiba Inu Dip (SHIB)
In the bear market, shiba inus has followed the trend and has shown a monitored decline in value since mid-April 2022. It is a decentralized cryptocurrency that was created anonymously as a coin, but has grown into a mainstream as one of the huge market cap tokens. At press time, the token has an impressive market capitalization of 4.5 billion dollars.
It became one of the top altcoins amid the crypto crash. If the old Shiba Inu trend is trustworthy, now might be a great time to add SHIB tokens to your wallet and HODL.
It is strongly advised to always rely on research as well as an analysis of personal financial goals and the state of the portfolio before making investments. However, penny cryptocurrencies could be a safe bet given their low value.
Learn more about logarithmic finance (LOG) here: