11 Best Penny Cryptocurrency to Invest in 2024

Penny cryptocurrencies trade for under a dollar, and often just a small fraction of a cent. They’re popular with investors who want to own a large number of tokens without breaking the bank. This guide explores the best penny crypto to buy in 2024.

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

List of the 11 Best Penny Crypto to Buy Now

Consider one of the 11 projects below when choosing the best penny crypto to buy:

1. Dogeverse – The overall best crypto under a penny now, high-growth meme coin with multi-chain support
2. WienerAI – Popular dog-themed penny crypto with a high staking APY. Raised nearly $600K in a week.
3. Slothana – Trending presale with over $10 million raised, tipped to be the next big Solana meme coin
4. 99Bitcoins Token – Learn-to-earn ecosystem with tokenized rewards, built on the BRC-20 standard
5. Dogecoin20 – New ERC-20 meme coin with $10 million raised in presale, solid tokenomics
6. 5th Scape – Play-to-earn gaming meets virtual and augmented reality, over $5 million raised in presale
7. Kaspa – Fast-growing layer 1 protocol with scalability and a 1-second block confirmation time
8. XRP – Large-cap penny crypto with banking partnerships, revolutionizing cross-border payments
9. The Graph – Top-rated blockchain data querying protocol, helping networks achieve efficiency
10. Shiba Inu – Popular meme coin with metaverse use cases, 149% growth in the prior year of trading
11. Basic Attention Token – Privacy-focused web browser with rewards, over 60 million monthly active users

Top Penny Cryptocurrency for 2024: My Analysis

I’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. Dogeverse – The Overall Best Penny Crypto to Invest in

I found that Dogeverse is the overall best option – especially for those interested in small-cap gems. Dogeverse is a meme coin built on the Ethereum network. But what makes Dogeverse unique is its compatibility with five other blockchain standards: Base, Solana, Avalanche, Polygon, and BNB Chain.

This means Dogeverse will have mass exposure in the most populated network communities. For instance, when Solana meme coins do well, this will also benefit Dogeverse. And the same concept applies to other network pumps. What’s more, Dogeverse incentivizes long-term holders with competitive staking returns. The staking APY is currently 431%, which is huge.

Dogeverse (DOGEVERSE) isn’t listed on exchanges yet; it’s currently raising funds from presale investors. The presale price is $0.000292, but this will increase in the next 30 hours. So far, the Dogeverse presale has raised almost $2.5 million. Its presale accepts the best altcoins, including ETH, MATIC, AVAX, USDT, and BNB.

Visit Dogeverse

2. WienerAI – Popular Dog-Themed Penny Crypto With A High Staking APY

Another penny crypto to watch out for is WienerAI ($WAI). It is a brand new meme crypto that merges the fun of memes with AI.

The platform recently launched a presale for its native $WAI tokens and has seen massive community interest. It raised over $580K in less than a week of launch.

It uses a funny “sausage dog” character that’s designed to evolve and get smarter and funnier over time. It aims to capture the interest of both tech enthusiasts and meme coin investors.

Early investors can grab the $WAI tokens for just $0.000702 at the time of writing. The platform follows a tiered pricing structure, meaning this price will rise in the upcoming presale stages.

The platform also places a strong emphasis on offering high passive income. It currently offers a staking mechanism with an APY of over 1,400%. However, this rate will decline as more people enter the staking pool.

The team behind WienerAI is counting on its community—called the “sausage army”—to make the token more well-known and accepted in the crypto world.

The platform offers 30% of its total supply of 69 billion tokens to early buyers in the presale phase. You can learn more about the platform’s roadmap and vision in the WienerAI whitepaper.

Interested buyers can follow WienerAI’s X (Twitter) handle and enter its Telegram channel to get the latest updates.

ICO Project	Ticker	Total Supply	Chain	ICO Payment Methods
WienerAI	WAI	69 Billion	Ethereum	ETH, USDT, BNB, Card

Visit WienerAI Token Presale

3. Slothana – Trending Solana Meme Presale With Over $10 Million Raised

Slothana is also one of the best crypto presales to watch. This new project is built on the Solana network. It’s capitalizing on the rapid growth of SOL meme coins. Based on a lazy sloth who likes to smoke ‘herb,’ Slothana could be the next 100x gem. So far, the Slothana presale has raised more than $10 million.

There’s no requirement to connect a wallet to invest; simply transfer SOL to the Slothana address. The presale exchange rate is 10,000 SLOTH for every 1 SOL invested. You’ll pay about $0.0172 per SLOTH token based on current Solana prices. This means you’ll get over 5,800 tokens per $100 invested.

Investors will receive their SLOTH tokens after the presale has ended. No date has been provided, but the token listing event is expected on Doge Day (April 20th). Keep an eye on the Slothana X page for more updates. You’ll be joining a community of over 17,000 followers.

Visit Slothana

4. 99Bitcoins Token – Learn-to-Earn Ecosystem With Tokenized Rewards, Built on the BRC-20 Standard  

99Bitcoins Token is revolutionizing the blockchain education industry. The project has developed a learn-to-earn concept, incentivizing students with tokenized rewards. The learning environment is fun and interactive. It covers a broad range of crypto-related topics for all skill sets.

This includes everything from blockchain basics and DEX trading to staking and wallet security. The 99Bitcoins ecosystem already boasts a huge audience, including more than 709,000 community followers and 2.8 million subscribers. In addition, 99Bitcoins Token has opted for the BRC-20 standard.

This is a new and fast-growing network that brings the Bitcoin blockchain into the Web 3 era. Those interested in 99Bitcoins Token (99BTC) and the broader learn-to-earn concept can check out the presale. Having just launched, investors are now getting the lowest token price of $0.001. This will increase shortly.

Visit 99Bitcoins Token

5. Dogecoin20 – New ERC-20 Meme Coin With $10 Million Raised in Presale   

Meme coin investors might also view Dogecoin20 as the best crypto to buy now. This meme coin is inspired by Dogecoin but it’s built on the ERC-20 standard. Dogecoin20 has solid tokenomics. The maximum supply is 140 billion, ensuring investors secure a low token price. Right now, you’ll pay just $0.00022 per DOGE20 token.

This means you’ll get over 450,000 tokens for every $100 invested. That said, Dogecoin20 is currently in presale, so you won’t need to use an exchange. The presale, which has raised over $10 million, accepts ETH, USDT, BNB, and credit cards. It will last for another week before launching on exchanges.

Back to the tokenomics, I like that Dogecoin20 (DOGE20) has allocated 25% of its tokens for marketing. The objective is to get Dogecoin20 trending in the wider crypto industry. What’s more, investors are encouraged to hold long-term; Dogecoin20 offers passive staking rewards of 47%.

Visit Dogecoin20

6. 5th Scape – Play-to-Earn Gaming Meets Virtual and Augmented Reality

Gamification investors will find that 5th Scape is one of the most promising penny cryptocurrencies. It’s revolutionizing online gaming by combining blockchain elements with virtual and augmented reality. Not only has 5th Scape developed play-to-earn games with immersive experiences, but also a native VR headset.

Serious gamers might also like the 5th Scale ergonomic chair. This offers unparalleled gaming experiences in complete comfort. 5th Scape games – which follow the play-to-earn concept – cover multiple genres, including racing, soccer, cricket, and strategic combat. The native token, 5SCAPE, offers many use cases.

This includes exclusive access to premium VR content, gaming rewards, and staking APYs. You can still invest in 5th Scape at presale prices. Tokens are currently selling for just $0.00327, and this will increase in four days. The 5th Scape presale has raised more than $5 million so far. An exchange listing price of $0.01 has been confirmed, which offers a 205% upside.

Visit 5th Scape

7. 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

8. 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.

9. 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.

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.

10. 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.

11. 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 Dogeverse as a prime example. Its tokens are currently selling for just $0.000292. So, a $100 investment would secure over 340,000 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. For example, the Slothana presale has set an exchange rate of 1 SOL = 10,000 SLOTH. SOL currently trades for about $172, so a $172 investment gets you 10,000 tokens.

Similarly, the Dogecoin20 presale is priced at $0.00022. A presale investment of $100 would get you more than 450,000 DOGE20 tokens.

$1 Psychological Zone

Some penny cryptocurrencies have a solid chance of hitting the $1 mark. 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 Dogeverse.
• This meme coin will operate on six different network standards, making it accessible to the masses.
• Its presale is offering an early-bird discount of $0.000292.
• As mentioned, this means you’ll get over 340,000 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. 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 Dogeverse.

This presale project – which has raised almost $2.5 million, is a multi-chain meme coin. Presale investors are currently paying just $0.000292 per token.

Visit Dogeverse

FAQs

Which penny crypto will boom?

Some of the best penny crypto gems with a small valuation include Dogeverse, Slothana, and Dogecoin20. These are presale projects, so you can invest before the tokens are listed on exchanges.

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.

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)