15 Best Penny Cryptocurrency to Invest in 2024

The best penny crypto to buy is a hot topic among investors who appreciate the opportunity to purchase numerous tokens for minimal investment. Penny cryptocurrencies, trading for under a dollar or even less, are particularly popular for their accessibility. This guide reviews the best options available in 2024.

Read on to discover which cheap cryptocurrency tokens offer the best long-term potential. We cover a wide range of projects, including presales, meme coins, and gamification ecosystems.

Our Picks for the Top Penny Cryptos to Buy Now:

List of the 15 Best Penny Crypto to Buy Now

Consider one of the 15 projects below when choosing the best penny crypto to buy:

Top Penny Cryptocurrency for 2024: Our Analysis

We’ve analyzed the leading penny cryptocurrencies with potential, covering tokenomics, market capitalization, price action, and other important factors. Read on to choose the best penny crypto for your portfolio.

1. Pepe Unchained – Overall Best L2 Penny Meme Token to Buy Now

Pepe Unchained ($PEPU) is our #1 pick for the best penny coin in 2024. While Pepe Unchained may seem like yet another Pepe-inspired meme token, this project offers real utility in the form of staking rewards and fast transaction speeds. 

Pepe Unchained is built on Ethereum’s efficient layer-two (L2) blockchain. L2 tokens help offload transactions from the main chain, reducing the gas fees per transaction. Therefore, the reduced operational costs also allow $PEPU token holders to earn more staking rewards. 

Currently, this penny token is priced at $0.0091078 per token on presale. Investors can opt to purchase and instantly stake $PEPU on the staking mechanism to generate an annual yield of up to 231%. 

In the long-term, 30% of the total 8 billion token supply will be distributed through staking pools as passive income. Another 20% of the supply is currently being allocated through the presale. Within a week since the presale launched, Pepe Unchained has raised more than $8.4 million. 

Read the Pepe Unchained whitepaper and join the Telegram channel to stay updated for more project information. 

Visit Pepe Unchained

2. Crypto All-Stars – Stake the Most Successful Meme Coins On this New Ecosystem, Get 3x Staking Rewards

Crypto All-Stars ($STARS) is a new meme coin that allows holders of popular meme tokens to stake their holdings on its ecosystem. $STARS, the native token, is currently priced at just $0.00138 per token, during the ongoing presale round.

Through the ‘MemeVault’, which is Crypto All-Stars’ staking platform, investors can stake some of the biggest meme tokens such as Pepe, Dogecoin, and Shiba Inu. The staking rewards will be distributed as $STARS tokens. 

Furthermore, existing holders of the $STARS token will earn a 3x return on the standard APY being offered through the MemeVault. This is one of the key reasons for the successful launch of the Crypto All-Stars presale, which has raised over $336K in a couple of days. 

This penny token can also be directly staked on Crypto All-Stars to generate an annual yield of up to 5,466%. 20% of the entire token supply will be allocated through the presale. Go through the Crypto All-Stars whitepaper and join the Telegram channel for more information. 

Visit Crypto All-Stars

3. Base Dawgz – Multi-Chain Meme Coin, $2.9M Raised on Presale 

Base Dawgz ($DAWGZ) is a new meme coin that has recently launched on presale. $DAGWZ, the native token, is priced at $0.005534 per token during its initial presale round. 

In just a couple of months since the presale launch, Base Dawgz has raised more than $2.9 million. It’s strong performance can be attributed to the token’s meme appeal and real utility. Base Dawgz has launched at a time when other Base meme coins, such as Brett and Toshi have been performing exceptionally well. 

However, Base Dawgz takes an edge over these tokens by offering utility through its multi-chain ecosystem. Base Dawgz uses Wormhole and Portal Bridge technology to offer multi-chain compatibility, allowing token holders to bridge to the Ethereum, Avalanche, Solana, and Binance blockchain. 

Base Dawgz also offers utility through its staking mechanism. Token holders can stake $DAWGZ on smart contracts, and generate a potentially high annual yield. 20% of the total 8.453 billion token supply will be allocated through staking rewards. 

Due to these different use cases, Base Dawgz is one of the top penny coins available on presale. Read the Base Dawgz whitepaper and join the Telegram channel to learn more about the project. 

Visit Base Dawgz

4. PlayDoge – Hot Penny Crypto Combining Doge Meme and P2E Game

PlayDoge is a new meme coin, merging the viral appeal of Doge memes with a 90s-themed play-to-earn (P2E) game. This innovative project, operating on the BNB Smart Chain, and offers a unique blend of meme culture and utility, akin to Dogecoin and Shiba Inu.

PlayDoge has raised over $6 million during its presale, driven by the recent price surges of Floki and Dogecoin, which have surged by 50% and 15% respectively in recent weeks. The total supply of 9.4 billion PLAY tokens sees 50% allocated for presale, with 12% being distributed through staking rewards.

Staking rewards are particularly enticing, offering up to 77% APY with the ETH chain, and 69% APY with the BNB chain. Nearly 500 million tokens are already staked. The playful 2D Doge graphics and real-life utility of the token add to the FOMO and investment potential.

With strong ties to Binance, there is speculation of a possible Binance CEX launch post-presale. Keep track of PlayDoge’s progress on Twitter and Telegram, as it aims to capture the market with its fun and rewarding digital pet experience.

Visit PlayDoge

5. The Meme Games – Olympic-themed Meme Coin Offering 25% Bonus Tokens Through Fun Races

Another penny crypto that’s getting a lot of investor attention is The Meme Games ($MGMES). It’s a fun new crypto based on the 2024 Olympics— giving users a chance to win bonus tokens.

Every time you buy the platform’s native $MGMES tokens, you can choose any of the famous meme characters like Doge, Pepe, Turbo, Brett, or DogWifHat. Your chosen meme will compete in a 169m race with other characters. If your character wins the round, you get a 25% token bonus. 

It’s worth noting that all the characters have an equal chance to win, making the game quite exciting. You can buy and race as many times as you want and increase your winning chances.

You can also stake your tokens (even the bonus ones you win) to earn very high interest—over 571% at press time. This rate will gradually decrease as more investors join, so staking early is more rewarding.

The presale will run parallel to the 2024 Olympic games, after which the $MGMES tokens will likely hit DEXs on 10 September.

The initial investor response was impressive, as the presale raised over $362 in just a few weeks. At the time of writing, buyers can get $MGMES for just $0.0092.

Read The Meme Games whitepaper and join its Telegram group to stay updated on the latest project information.

Visit The Meme Games

6. ShibaShootout – Wild West-Themed Meme Token, Get 1,000% Staking APY

ShibaShootout ($SHIBASHOOT) is an innovative platform where the Wild West meets the crypto frontier. Currently, $SHIBASHOOT is priced at only $0.0198 on presale. 

In only a few months, the ShibaShootout presale has raised more than $930K. On the platform, tokens can be used to purchase tickets and enter into lotteries. ShibaShootout will also donate a percentage of the funds raised for charitable initiatives. 

Token holders can stake $SHIBASHOOT on the staking mechanism and generate an annual yield of more than 1,000%. So far, over 19 million tokens are staked on ShibaShootout. From a total supply of 2.2 billion tokens, 440 million will be allocated through staking pools. 

Token holders also receive governance opportunities, as they can vote on critical platform decisions. For all these reasons, ShibaShootout is one of the top penny tokens in 2024. To learn more about this meme coin, go through the ShibaShootout whitepaper and join the Telegram channel. 

Visit Shiba Shootout

7. Mega Dice Token – GambleFi Token Offers In-Game Rewards and Limited Edition NFTs

Mega Dice Token ($DICE) is a GambleFi token that powers the Mega Dice Casino. This token can be used to avail daily rewards on the casino, access limited edition NFTs, and win airdrops. 

From a total supply of 420 million tokens, 35% of the total $DICE supply is being allocated for the presale. At press time, $DICE is priced at just $0.09093 per token. In only a few months, the presale has raised more than $1.6 million, showing plenty of excitement for this GambleFi project.

On the platform, $DICE can be staked to earn daily rewards. The rewards depend on your overall performance in the casino and sports betting markets. Select $DICE token holders also get access to limited edition NFTs, which can lead to special privileges and rewards on the platform. 

Notably, early presale investors will be rewarded with additional $DICE tokens as part of Mega Dice Token’s early bird bonus scheme. 

The platform is also running an airdrop campaign, where $2.25 million worth of $DICE tokens will be distributed to existing token holders. To learn more about this token, read the Mega Dice Token whitepaper and join the Telegram channel. 

Visit Mega Dice Token

8. Doge2014 – New Meme Coin Celebrates 10 Years of Dogecoin

Doge2014 ($DOGE2014) is an ERC-20 token built on the Ethereum blockchain, created to celebrate 10 years since the launch of Dogecoin. 

To celebrate this monumental feat, Doge2014 is allocating its native token at the same price that Dogecoin traded a decade ago. Currently, this penny coin is priced at $0.00027 on presale, which was the initial Dogecoin price back in 2014. 

Therefore, investors who missed out on the Dogecoin bull run can now purchase a new dog-themed token at a similar price. Furthermore, Doge2014 will also reward its long-term investors with passive income through staking rewards. 

Currently, investors can stake $DOGE2014 to generate an annual yield of more than 50,000%. However, the annual yield will keep decreasing as more tokens are staked. Thus, some may be better suited to stake tokens earlier rather than later. 

Doge2014 has a total supply of 100 billion tokens, out of which 60 billion are being distributed for the presale. 25 billion tokens will be distributed as staking rewards, while 5 billion will be used for marketing purposes. The remaining 10 billion tokens will be used to maintain liquidity. 

For more information, read the Doge2014 whitepaper and join the Telegram channel. 

Visit Doge2014

9. SpacePay – Decentralized Crypto Payment Protocol Hosts Monthly Token Airdrops

SpacePay ($SPY) is a revolutionary protocol that allows customers to use crypto for daily transactions. It introduces an easy-to-use payment APK (Android Application Package), which supports fast and straightforward crypto transactions. 

Through this device, customers can scan a QR code and connect with over 325 crypto wallets to make a payment. At the center of this ecosystem is $SPY, the native token. Currently, $SPY is priced at $0.00147 per token during the first presale round. 

In just a couple of days since the presale launch, SpacePay has raised more than $180K. Within the ecosystem, the token offers multiple benefits. Firstly, you get monthly voting rights to dictate the platform’s future. Secondly, token holders get access to quarterly webinar meetings with the SpacePay leadership team.

Furthermore, token holders get a share of the platform’s revenue and exclusive access to new features on SpacePay. Thus, these use cases make SpacePay one of the best new penny coins in 2024. 

From a total supply of 34 billion tokens, 6.8 billion are being allocated for the ongoing presale. Learn more by reading the SpacePay whitepaper and joining the Telegram channel. 

Visit SpacePay

10. Race to a Billion – Win Tokens by Successfully Predicting Formula One Races

Race to a Billion ($BDJ) is a new cryptocurrency project that allows users to earn tokens by successfully predicting the outcome of Formula One races. 

Through the F1 prediction markets, a user can predict the top 10 drivers during each Grand Prix. Throughout the seasons, you can earn points for your successful predictions. These points can be redeemed as $BDJ, the native token. 

Apart from winning $BDJ through the prediction market, the token can also be purchased directly through the ongoing presale. At press time, this penny token is priced at just $0.0076 on presale. Within a few weeks, the presale has raised more than $147K. 

Long-term investors can opt to stake $BDJ on Race to a Billion’s smart contract and earn an annual yield of more than 6,000%. The combination of prediction rewards and high staking returns makes Race to a Billion one of the top penny tokens in 2024. 

For more information, join the Race to a Billion Telegram channel and follow the X page. 

Visit Race to a Billion

11. Kaspa – Fast-Growing Layer 1 Protocol With a 1-Second Block Confirmation Time

Kaspa is one of the best layer 1 protocols in the market. Unlike Ethereum, Solana, and Avalanche, Kaspa comes with a much more attractive valuation. Today, Kaspa has a market capitalization of about $3.5 billion. This offers plenty of upside for when the altcoin season takes off. After all, layer 1 projects often witness rapid growth during bullish cycles.

In terms of pricing, you’ll pay just $0.148 per KAS token. This is 22% below all-time highs, so you can invest during a brief market correction. Taking a closer look at the fundamentals, Kaspa’s network leverages the kHeavyHash algorithm alongside the proof-of-work (BlockDAG) consensus.

This offers high security without compromising on performance. Kaspa transactions carry an average block time of just one second. It also offers scalability solutions for decentralized applications. Investors will also like that over 81% of the KAS supply is already in circulation. Kaspa is listed on the best Bitcoin exchanges, including MEXC, KuCoin, and Gate.io.

Buy KAS on MEXC

12. XRP – Large-Cap Penny Crypto With Banking Partnerships, Revolutionizing Cross-Border Payments

XRP is a large-cap crypto project established in 2012. This US-based project offers cross-border payment solutions to financial institutions. It has already partnered with some of the world’s largest banks, including Standard Chartered and Bank of America. The XRP network not only saves financial institutions money but also removes friction.

For instance, banks can conduct cross-border payments in under five seconds – no matter which currencies are being used. And if there’s a lack of liquidity on a particular currency pair, XRP tokens provide a much-needed bridge. Transaction fees are minimal, at just 0.00001 XRP, a tiny fraction of a cent.

That said, the main drawback of XRP is its $34 billion valuation. This means XRP isn’t a crypto under a penny that will explode. It does, however, still offer plenty of upside. For instance, you can buy XRP at an 84% discount when compared to prior highs. Additionally, XRP has dipped by almost 15% in the prior month, so you can enter the market at a favorable price.

Note: The best place to buy XRP is eToro; debit/credit card and e-wallet fees start from 0%.

Buy XRP on eToro

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. [website domain name] is not an affiliate and may be compensated if you access certain products or services offered by the MSB.

13. The Graph – Top-Rated Blockchain Data Querying Protocol Helping Networks Achieve Efficiency

The Graph is also worth considering when choosing the best penny crypto to buy. It specializes in blockchain indexing, which helps networks achieve efficiency. Put simply, blockchains no longer need to run their own data servers. This helps them avoid network overload. The Graph allows developers to query the data they need quickly and cost-effectively.

It offers average cost savings of 60-98% per month. What’s more, the Graph ensures a minimum uptime of 99.99%. Fees are paid in GRT when querying data, meaning the Graph is a top utility token. The project is also working on artificial intelligence capabilities. This will take blockchain indexing to the next level through increased scalability and data accuracy. If the cross capabilities between AI and crypto is something you are interested in, be sure to check out our article on the Best AI Crypto Coins in 2024.

To date, the Graph has facilitated more than 1.2 trillion data queries across 60,000 projects. It supports more than 40 network standards, including Ethereum, Polygon, Solana, and BNB Chain. In terms of price performance, the Graph is up over 112% in the prior year. However, at just $0.31 per GRT, it trades almost 90% below all-time highs.

Buy GRT on eToro

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. [website domain name] is not an affiliate and may be compensated if you access certain products or services offered by the MSB.

14. Shiba Inu – Popular Meme Coin With Metaverse Use Cases 

Some analysts believe that Shiba Inu is the next crypto under a penny that will explode. Although Shiba Inu already has a market capitalization of $16 billion, there’s plenty of growth to come. For a start, Shiba Inu has increased by over 149% in the past year. This outperforms Shiba Inu’s nearest rival, Dogecoin.

In addition, Shiba Inu’s price trades 68% below all-time highs, which were hit during the prior bull cycle. This offers an attractive entry price for new investors. I also like that Shiba Inu is building increased utility for holders. This includes a fully-fledged metaverse ecosystem that supports land ownership.

This is offered via the Shibarium platform, a layer 2 solution on the Ethereum blockchain. After buying metaverse land, the plot is backed by a unique NFT. Other Shibarium products include a decentralized exchange, bridging tools, and staking. At just $0.00002751 per token, Shiba Inu remains one of the cheapest penny cryptocurrencies to invest in.

Buy SHIB on eToro

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. [website domain name] is not an affiliate and may be compensated if you access certain products or services offered by the MSB.

15. Basic Attention Token – Privacy-Focused Web Browser With Rewards

Basic Attention Token offers a native web browser – Brave, that’s focused on privacy and data protection. It has over 60 million monthly active users, making it one of the fastest-growing browsers in the market. Brave enables users to block ads, ensuring a smooth and hassle-free browsing experience.

That said, it has also developed a rewards structure for ad-based viewership. Put simply, users can choose their preferred topics, view ads, and receive BAT tokens. Basic Attention Token is building a long-term, sustainable brand. It sells ad space to eligible companies. Ads are paid in BAT, which ensures the tokens have a strong use case.

Companies can be sure their ads are directed to the right people, meaning marketing funds are spent effectively. Basic Attention Token has a market capitalization of just $485 million. The project has witnessed steady growth in the prior year; BAT has increased by 19%. The tokens trade 83% below all-time highs.

Buy BAT on eToro

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. [website domain name] is not an affiliate and may be compensated if you access certain products or services offered by the MSB.

What are Penny Cryptocurrencies?

Penny cryptocurrencies are digital assets that trade for under $1. Some trade for a small fraction of a cent, meaning investors can buy a huge number of tokens without risking too much money. Take PlayDoge as a prime example. Its tokens are currently selling for just $0.00506. So, a $100 investment would secure over 19,762 tokens.

Now consider a similar $100 investment into Ethereum, which trades for about $3,500. This means $100 would get you just 0.028 ETH. Therefore, penny cryptocurrencies are a lot more attractive for casual investors. They’re also ideal for diversification, as many cryptocurrencies trade with a small token price.

How are Crypto Prices Determined?

In simple terms, crypto prices are determined by market forces. Similar to other assets, crypto prices rise and fall based on demand and supply. For instance, if there are more buyers than sellers in the market, the token price will increase. This might be because the crypto project is trending. Or because the broader markets are bullish.

However, the token price is also determined by the overall supply and market capitalization. Put otherwise, many penny cryptocurrencies have a low token price because the supply is high. For example, Shiba Inu has a market capitalization of $16 billion, which makes it a large-cap project. However, its token price is just $0.00002762.

The reason is that Shiba Inu has a supply of over 589 trillion tokens. If Shiba Inu was priced at $1, it would have a market capitalization of $589 trillion, which is beyond the realms of possibility. In contrast, consider a project like yearn.finance, which has a total supply of just 36,647 tokens.

Its constrained supply means yearn.finance has a high token price; it’s currently trading at $8,500. Even so, yearn.finance has a small market capitalization of just $283 million. Therefore, investors should look beyond just the token price when choosing the best penny crypto to buy.

Should I Buy Penny Cryptocurrencies?

Let’s take a closer look at whether penny cryptocurrencies represent a good buy.

Penny Cryptos are Affordable 

Penny cryptocurrencies are affordable, making them popular with budget-conscious investors. This enables investors to buy a large number of tokens without spending lots of money. For example, you’d need to risk thousands of dollars to buy one full Bitcoin. The same goes for Ethereum. This won’t be suitable for most investors, especially beginners.

Penny cryptocurrencies often trade for a tiny fraction of a cent, so even investing $100 could get you thousands of tokens.

$1 Psychological Zone

Some penny cryptocurrencies have a solid chance of being the next crypto to hit $1. This is an important psychological level for many investors. For example, 5th Scape will launch on exchanges at $0.01 after its presale. Hitting $1 from there would require a 100x upside. This is possible, considering that 5th Scape will list with a $15 million market capitalization.

Kaspa is another penny crypto that will be targeting the $1 level. Currently priced at $0.148, this would require an upside of over 6x. While achievable, Kaspa has a market capitalization of $3.4 billion. Therefore, it would require considerably more buying pressure when compared to small caps cryptos like 5th Scape.

Ideal for Diversification

Choosing the best penny crypto to buy is challenging. Nobody knows which cryptocurrencies will succeed. That said, there are thousands of options in the market, meaning you can easily diversify your holdings. And unlike other cryptocurrencies, you won’t need to purchase a fraction of a token.

For example, suppose you’ve got $1,000.

• Investing $500 into Bitcoin would get you 0.007 BTC.
• Investing the other $500 into Ethereum would get you 0.14 ETH.

Now consider investing $1,000 into 10 cryptocurrencies valued at $0.01.

• This means you’re investing $100 per project.
• At a token price of $0.01, you’d own 10,000 tokens for each crypto.

Crucially, diversification is one of the most important strategies when investing in crypto. This ensures that your portfolio is well-balanced rather than overexposed to one project.

Many Penny Tokens are Small-Caps

Some penny cryptocurrencies have a large valuation, such as Shiba Inu, XRP, and Kaspa. These are all billion-dollar projects. Although they still offer a sizable upside, some investors prefer penny cryptocurrencies with a much smaller market capitalization.

Fortunately, the majority of penny cryptocurrencies sit within this category. This means you can target much higher gains, as less buying pressure is required to see strong movements to the upside. For example, consider a presale project that raises $3 million. Suppose it sells 50% of the supply to presale investors.

This means the tokens will launch with a $6 million valuation. This is attractive from a risk-reward viewpoint. After all, the project could increase by 50x and still only be worth $300 million. In contrast, consider that XRP is currently valued at $34 billion. So, it would need to be valued at $1.7 trillion to secure 50x gains.

Best Practices on Finding the Best Penny Cryptocurrency to Buy

Finding the best penny cryptocurrency to invest in can be stressful. Not only is there a substantial number of options in the market, but many projects will fail. This makes research, due diligence, and risk management imperative.

I’ll now discuss some best practices when searching for suitable penny crypto investments.

DexScreener

One option is to explore the DexScreener platform – especially if you’re looking for small-cap gems. DexScreener is a price aggregation platform for decentralized exchanges. Most tokens are new, meaning they aren’t available on centralized platforms like eToro and MEXC. While more risky, this enables you to find the next crypto under a penny that will explode

DexScreener offers unparalleled tools and filters, ensuring you can explore suitable projects efficiently. For instance, you can narrow the search by choosing a suitable network. Base and Solana are the hottest networks right now. But you can also consider Ethereum, BNB Chain, and Avalanche.

Next, use the filters to set your search parameters. Options include the fully diluted market capitalization, number of token holders, and trading volumes. It’s best to avoid tokens that were launched in the prior few hours, as many could be scams. You should also ensure the smart contract has been audited and that the liquidity pool is locked.

CoinMarketCap

If you’re looking for more established penny cryptocurrencies, CoinMarketCap could be the better option. Consider browsing the ‘Gainers & Losers’ section, where you’ll find the best-performing cryptocurrencies. You can change the time frame to suit your goals; options include 1 hour, 24 hours, 7 days, and 30 days.

You’ll initially only see cryptocurrencies ranked in the top 100 by market capitalization. You will need to manually check which cryptocurrencies trade for under a penny. Alternatively, you can view the top 500 cryptocurrencies by valuation, which will present a much larger range of options. Click on a cryptocurrency to view its tokenomics, price action, and other useful data.

Crypto Presales

Presales, also known as ICOs, are another way to find the best penny crypto to buy. You’ll have access to a new project before it launches to the public.

This means you’re buying tokens before any exchange listings. In doing so, you can invest at the lowest price possible. What’s more, presales usually have small market capitalizations, so you can target a much higher upside.

• One of the best crypto ICOs right now is PlayDoge.
• This meme coin offers play-to-earn utility.
• Its presale is offering an early-bird discount of $0.00506.
• As mentioned, this means you’ll get 19,762 tokens for every $100 invested.
• However, the presale price will soon increase.

That said, presales are also risky; you’re investing in projects with no price history or track record.

Social Media

Social media is also a great way to find the best penny cryptocurrencies. You’ll want to focus on projects that are trending. X is a good option here. Use popular hashtags like ‘new crypto’, ‘presale’, ‘new crypto to buy,’ etc. X will show you the most relevant posts. See which cryptocurrencies are getting the most traction, such as views, replies, and shares.

It’s also worth exploring Telegram. Look for channels with at least 100,000 members. These are often active 24/7, so you’ll see which coins are hot. I’d also suggest checking popular Reddit groups. Look for trending threads with lots of replies and engagement. Ultimately, the best cryptocurrencies to buy are often those that generate hype.

Cryptocurrency Penny Stocks

Looking for the best crypto penny stocks to buy? Your options will be limited, as very few crypto projects are listed on stock exchanges.

Nonetheless, you might consider the following penny cryptocurrency stocks, which offer exposure to the broader blockchain industry:

• Bit Digital (BTBT): NASDAQ
• HIVE Digital Technologies (HIVE): TSX

Note: The SEC defines penny stocks as companies with a share price of under $5.

How to Buy Penny Cryptocurrencies?

The penny crypto investment process depends on the project.

There are generally three methods:

• Centralized Exchanges: If you’re buying an established penny crypto like Shiba Inu or XRP, you can use a centralized exchange. This includes popular exchanges like eToro and MEXC, which accept debit/credit card payments.
• Decentralized Exchanges: If you’re buying new cryptocurrencies, they might only trade on decentralized exchanges. This means you’ll need to buy the tokens with another crypto.
• Presale: Some penny cryptocurrencies raise funds via a presale campaign. This means you can directly invest via the presale website. If you don’t own crypto, some presales accept debit/credit cards.

Conclusion

Penny cryptocurrencies remain popular with retail investors and those seeking the best cryptos to buy now. After all, owning thousands of tokens is a lot more attractive than buying a small fraction of one Bitcoin. My top pick for speculative investors is Pepe Unchained.

This presale project – which has raised over $8.4 million, in the early stages of its presale. Pepe Unchained is built on the Ethereum L2 chain, and offers dynamic staking rewards.

Visit Pepe Unchained

FAQs

Which Penny Crypto will Boom?

Some of the best penny crypto gems with a small valuation include Pepe Unchained, Crypto All-Stars, and Base Dawgz. These are presale projects, so you can invest before the tokens are listed on exchanges. You may want to check out our article, The Next Crypto to 1000x

Which Penny Crypto will Reach $1?

The next penny cryptos to hit $1 could be XRP, Kaspa, and the Graph. These popular cryptocurrencies trade within realistic $1 ranges. See our article on The Next Cryptocurrencies to Hit $1

References

1. Are crypto markets correlated with macroeconomic factors? (S&P 500 Global)
2. Registration statement under the Securities Act of 1933 (SEC)
3. How to audit a smart contract (Chainlink)
4. The benefits of diversification in crypto (Global X)
5. Today’s cryptocurrency prices by market cap (CoinMarketCap)