10 Best Penny Cryptocurrencies to Buy Now in 2024

Kane Pepi
Last updated: | 24 min read
Disclosure: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. By using this website, you agree to our terms and conditions. We may utilise affiliate links within our content, and receive commission.

Penny cryptocurrency investments have the potential to offer huge upsides, should that particular cryptocurrency gain traction and then wider adoption. They also offer the tantalizing aspect of huge returns from a very small initial commitment.

However, the market is awash with so called “penny cryptocurrencies” trading for less than $1—with many even trading for less than a penny. So, in this seeming ocean of opportunity, which penny cryptos should your receive attention?

In this guide, we discuss the best penny cryptocurrencies to invest in for 2024, covering what they are and why they may have a huge upside potential. We also explore why investors choose penny cryptocurrencies and what to consider when selecting your penny cryptos.

  • First truly multi-chain Doge token, promising interoperability across major blockchains
  • Easy to buy and claim $DOGEVERSE tokens during presale phase
  • Could be the next Doge-inspired coin to explode ahead of Doge Day
Project Launched
April 2024
Meta
Meme, Multi-Chain
Purchase Methods
  • ETH
    ETH
  • usdt
    usdt
  • Send SOL and wait for airdrop - the new way of doing presales
  • Over $10M raised, launches April 29
  • No hard cap total - first come first served
Project Launched
March 2024
Meta
Meme
Purchase Methods
  • Solana
    Solana
  • First of its kind daily rewards based on the performance of Mega Dice Casino
  • $DICE holders can enjoy 25% rev-share through the Mega Dice Referral Program
  • $2,250,000+ USD airdrop for casino players
Project Launched
April 2024
Meta
GambleFi
Purchase Methods
  • Solana
    Solana
  • ETH
    ETH
  • bnb
    bnb
  • Learn-to-Earn platform that rewards users for learning about crypto
  • Stake $99BTC tokens in secure smart contract to earn passive rewards
  • Get the edge in fast-moving markets with expert crypto trading signals
Project Launched
April 2024
Meta
Learn-to-Earn
Purchase Methods
  • ETH
    ETH
  • usdt
    usdt
  • Bank Card
    Bank Card
  • bnb
    bnb
  • +1 more
  • Innovatives VR & AR Gaming Project
  • Aiming to Raise $15M Across 12 Rounds
  • Token Holders Get Lifetime Access to VR Content
Project Launched
January 2024
Meta
VR
Purchase Methods
  • ETH
    ETH
  • usdt
    usdt
  • Bank Card
    Bank Card
  • Trending meme coin with P2E utility & staking rewards
  • Price up 10x in past month, rumors of Binance listing
  • 12k+ holders and growing
Project Launched
December 2023
Meta
Meme, P2E
Purchase Methods
  • Bank Card
    Bank Card
  • usdt
    usdt
  • ETH
    ETH
  • Buy and hold $SMOG to generate and earn airdrop points
  • 35% of supply reserved for future airdrop rewards
  • Viral potential after pumping over 1000%
Project Launched
February 2024
Meta
Meme, P2E
Purchase Methods
  • usdt
    usdt
  • Solana
    Solana
  • Native BSC token
  • Audited by Coinsult
  • Long-term rewards for holders
Project Launched
2023
Meta
AI
Purchase Methods
  • bnb
    bnb
  • usdt
    usdt
  • Bank Card
    Bank Card
  • Innovative stake-to-mine project for easy BTC mining
  • Presale has raised over $6.5m so far
  • Over 90% staking APY during presale
Project Launched
2023
Meta
Staking, mining
Purchase Methods
  • ETH
    ETH
  • bnb
    bnb
  • usdt
    usdt
  • Bank Card
    Bank Card
  • +1 more
  • Infinitely upgradeable AI meme coin, with modular technological capabilities.
  • Huge staking rewards available everyday during presale.
  • Presale price rises every two days - buy now to benefit from best price before listing.
Project Launched
April 2024
Meta
Stake-to-earn, Meme
Purchase Methods
  • ETH
    ETH
  • usdt
    usdt
  • Access to huge fee revenue through staking
  • 50% of 10bn token supply available at presale stage
  • 85% of fees go back to the community
Project Launched
March 2024
Meta
CasinoFi
Purchase Methods
  • usdt
    usdt
  • bnb
    bnb
  • ETH
    ETH
  • New meme coin offering an immersive experience via high-stakes battles
  • Participants can buy and stake $SHIBASHOOT tokens for rewards in excess of 25,000% p/a
  • Token holders can cast votes on key project decisions and try their luck in the 'Lucky Lasso Lotteries'
Project Launched
April 2024
Purchase Methods
  • ETH
    ETH
  • usdt
    usdt
  • bnb
    bnb
  • First crypto-based lending platform, allowing loans up to 75% of the total Memereum assets.
  • Comprehensive insurance coverage for digital coins and precious metals, including gold and silver.
  • High-value holders get state-of-the-art NFTs, valued over $1,500 in the open market.
Project Launched
March 2024
Meta
Insurance
Purchase Methods
  • bnb
    bnb
  • usdt
    usdt
  • Innovative AI crypto casino offering staking, airdrops and custom games
  • $HPLT presale has raised over $400k so far with +60M bets placed by +150k users
  • Offers daily staking rewards, hype NFTs and is fully audited by Certik
Project Launched
March 2022
Purchase Methods
  • bnb
    bnb
  • ETH
    ETH
  • usdt
    usdt

Overview of the Top Penny Cryptos for 2024


Below is a list of the best penny crypto to buy in 2024 to assist investors in choosing a suitable project for their portfolio.

  1. Dogeverse (DOGEVERSE)Top penny crypto offers multi-chain compatibility.
  2. Mega Dice Token (DICE) – Native token of an online casino. Get NFTs and bonuses.
  3. 5th Scape (5SCAPE) – New VR gaming cryptocurrency, nearly $1M raised on presale.
  4. Sponge V2 (SPONGEV2) – New meme coin offers 175% staking rewards.
  5. Smog (SMOG) – New meme coin offers 42% staking APYs and huge airdrop rewards.
  6. eTukTuk (TUK) – Eco-friendly crypto builds EV charging stations. $1.9M raised.
  7. Bitcoin Minetrix (BTCMTX)Stake-to-mine crypto, $12M raised on presale.
  8. Scorpion Casino (SCORP) – New eGambling casino, nearly $6M raised on presale.
  9. eCash (XEC) – High volume blockchain designed for everyday use
  10. Terra Classic (LUNC) – Revived blockchain looking to return to glory days

We’ve included a good variety of newest crypto penny stocks for those who may want to create a diverse portfolio or are still deciding on their financial goals.

Full Analysis of the Best Penny Cryptocurrency to Invest in 2024


A large part of finding crypto under a penny that will explode is to conduct plenty of thorough research. To aid this process, we’ve reviewed and ranked the most promising penny cryptocurrencies below.

1. Dogeverse (DOGEVERSE) – Multi-Chain Meme Coin Has Raised Over $7 Million on Presale 

We have picked Dogeverse ($DOGEVERSE) as the top penny cryptocurrency to purchase in 2024. This is the first multi-chain Doge cryptocurrency and is compatible with six blockchains. 

$DOGEVERSE, the native token, is built on the Ethereum blockchain. Using Wormhole and Portal Bridge technology, it will bridge to the Polygon, Solana, Avalanche, Binance, and Base blockchains. Thus, token holders can access seamless interoperability with other networks. 

Dogeverse presale

$DOGEVERSE is currently priced at just $0.000298 per token during the ongoing presale stage. From a total supply of 200 billion tokens, 30% is being allocated for the ongoing presale. The goal is to raise a $17 million hard cap by the end of the presale. 

This top penny cryptocurrency can also be staked on the smart contract to generate high annual yields. At press time, you can earn 143% APYs (Annual Percentage Yields) by staking $DOGEVERSE. Another 10% of the supply will be offered through staking rewards on Dogeverse. 

Once the presale ends, 5% of the supply will be released for new exchange listings.

Learn More: Whitepaper, Telegram

Presale Started April 2024
Purchase Methods  ETH, USDT, Card
Chain Ethereum, Binance, Polygon, Solana, Avalanche, Base
Min Investment None
Max Investment None

Visit Dogeverse

2. Mega Dice Token – CasinoFi Crypto Offers Tradable NFTs and Daily Bonuses

Mega Dice Token ($DICE) is the native cryptocurrency of Mega Dice’s crypto casino. This token offers several use cases – such as staking yields and in-game rewards on the casino. 

$DICE has recently launched on presale and is priced at only $0.069 per token. From a total supply of 420 million tokens, 35% are being allocated for the presale. The $DICE token can be staked on a secure smart contract to generate high annual yields. 

Mega Dice Token presale

Token stakers can access daily bonuses, in-game rewards, and exclusive access to promotion events within the Mega Dice Casino. 10% of the supply will be offered as staking rewards. Furthermore, the Mega Dice Token can be used to purchase limited-edition NFTs, which are tradable on the ecosystem. 

Early presale investors will be rewarded with additional $DICE tokens as part of an Early Bird bonus. Mega Dice Token is offering another $2.25 million worth of tokens through three airdrop seasons. 

Currently, the Mega Dice Token presale has raised more than $360K in only a couple of days. Due to its multiple use cases, Mega Dice Token is a top penny cryptocurrency to purchase right now. 

Learn More: Whitepaper, Telegram

Presale Started April 2024
Purchase Methods  SOL, ETH, BNB
Chain Solana
Min Investment None
Max Investment None

Visit Mega Dice Token ICO

3. 5th Scape (5SCAPE) – New VR-Themed Crypto Ecosystem, Priced at $0.00187 on Presale

The next penny cryptocurrency on our list is $5SCAPE, the native token of 5th Scape. This is a unique cryptocurrency that offers augmented and virtual reality ecosystems.

$5SCAPE token holders can get discounts on a range of VR-themed products and events.

5th Scape presale

5th Scape gives you access to an immersive VR gaming ecosystem. Token holders can get exclusive access to VR games such as ‘Cage Conquest’ – an MMA-themed fighting experience. You can engage in gritty training sessions and fight online tournaments across the top MMA cages of the world.

Token holders can also purchase VR gaming headsets and chairs, which are offered at discounted prices. These use precise motion tracking and offer hyper-realistic gameplay. $5SCAPE has a total supply of 5.21 billion tokens – 80% of which are allocated for the presale.

At the time of writing, this penny crypto is priced at just $0.00187 per token. However, the price will jump to $0.01 upon listing, a 434% increase. Through the presale, 5th Scape aims to raise $15 million. Currently, 5th Scape is closing in on $1 million raised.

Learn More: Whitepaper, Telegram

Presale Started Jan 2024
Purchase Methods  ETH, MATIC, BNB, USDT, Card
Chain Ethereum
Min Investment None
Max Investment None

 

Visit 5th Scape

4. Sponge V2 (SPONGE) – Hot New Sponge V1 Upgrade With a 175% Minimum APY

The Sponge V2 is an upgraded version of the original $SPONGE coin that saw a 100x growth to a $100 million market cap. Sponge V2 shifts from meme coin origins to utility focus with its Play-to-Earn (P2E) gaming, rewarding players in $SPONGE tokens.

SPONGEV2

It introduces a Stake-to-Bridge mechanism for transitioning from Sponge V1 to V2 by staking V1 tokens, which are then locked, in exchange for V2 tokens, ensuring a smooth shift and token stability.

Sponge V2 targets major exchange listings, like Binance and OKX, to potentially boost trading volumes. It caps its total supply at 150 billion tokens, allocating 43.09% for staking rewards and 8% for P2E gaming rewards, offering a minimum of 40% staking APY over four years.

The project, backed by a 30,000-strong community, seeks further growth through marketing and community initiatives. Early investors in V1 tokens benefit from bonuses when staking for V2 tokens.

Learn More: Whitepaper, Telegram, X (Twitter)

Presale Started 17 Dec 2023
Purchase Methods  ETH, USDT, Card
Chain Ethereum
Min Investment None
Max Investment None

Visit Sponge V2

5. Smog (SMOG) – Meme Penny Crypto With High Staking Rewards and Airdrop Bonuses

Smog ($SMOG) is the next token on our list of the best penny cryptos. Since its launch on Jupiter DEX, Smog’s price has surged from $0.001419 to $0.047. Thus, its market cap grew from $2 million to nearly $65 million after an over 3000% increase within a week.

Smog Crypto Homepage

A key feature of Smog is its “The Greatest SOL Airdrop” campaign, which aims to give out 490 million of its 1.4 billion token supply to active community members.

Investors can earn airdrop points by engaging with Smog’s social media, staking $SMOG, and participating in various online challenges. Additionally, Smog offers a 42% APY for staking with a 90-day lock-in period, focusing on rewarding long-term holders.

Smog’s long-term vision includes becoming the best SOL meme coin, with a massive portion of its token supply allocated toward marketing and future listings on centralized and decentralized exchanges.

Learn More: Whitepaper, Telegram, X (Twitter)

Presale Started Feb 2024
Purchase Methods  ETH, USDT, Card
Chain Ethereum
Min Investment None
Max Investment None

Visit Smog

6. eTukTuk (TUK) – Penny Cryptocurrency for EV Charging Payments

The next penny cryptocurrency on the list is $TUK, the native token of eTukTuk. This is the world’s first automotive project that is running on the BSC blockchain and aims to set up EV charging stations for TukTuk drivers to charge their electric vehicles. The $TUK token is currently in presale and priced at $0.028.

eTukTuk token rewards

This ambitious penny crypto project is targeting developing areas as that is where it can make the biggest impact and achieve its goals of helping to revolutionize transportation. eTukTuk will set up electric vehicle supply equipment (EVSE) and charging stations, powered by the Binance Smart Chain blockchain, and token holders will be able to stake $TUK and earn an APY.

Drivers of electric TukTuks can make payments with $TUK through a driver’s app when they use these charging stations. These stations will be located in different territories, with territory partners setting up these locations and receiving a commission for each transaction from their charging station. The first station will be in Colombo, Sri Lanka, and with 270 million TukTuks on the world’s roads and a transition to green energy being a major part of the next few years, eTukTuk and the $TUK token are well positioned to take advantage of this.

Learn More: Whitepaper, Telegram

Presale Started June 2023
Purchase Methods  BNB, USDT, Card
Chain BSC
Min Investment $10
Max Investment None

 

7. Bitcoin Minetrix (BTCMTX) – Access to Cloud Mining Bitcoin

Bitcoin Minetrix (BTCMTX) is the next best penny crypto in 2024 that is still at the presale stage. 70% of Bitcoin Minetrix tokens are being sold in the presale, across 39 rounds, with the price increasing in each round. The presale is capped at $33 million, and $12 million has already been raised.

Bitcoin Minetrix stake-to-mine concept

This penny crypto tokenizes Bitcoin cloud mining, and, once the platform is built, token holders will be able to stake their tokens to earn Bitcoin Could Mining Credits, represented by non-transferable tokens. These can then be burned to earn cloud mining power with which to mine Bitcoin. This allows people to mine Bitcoin without investing in expensive, and ever-evolving, mining rigs.

Bitcoin’s price resurgence at the end of 2023, along with increasing interest in the currency and the wider crypto market, makes Bitcoin Minetrix one of the top penny cryptos to watch in 2024. What’s more, early contributors to the presale can stake their $BTCMTX tokens now to earn a variable APY, currently at 57%, of rewards in $BTCMTX.

Learn More: Whitepaper, Telegram

Presale Started Sept 2023
Purchase Methods  ETH, USDT, BNB, Card
Chain Ethereum
Min Investment $10
Max Investment None

 

8. Scorpion Casino (SCORP) – Best Penny Crypto Web Casino Income

Next, Scorpion Casino is building an online social gambling platform where users can earn a daily yield by staking their tokens. The penny crypto token, $SCORP, is currently in presale and is priced at $0.03.

Scorpion Casino token presale

The Casino is already in live Beta and home to over 210 casino games, with 160 live tables that include the global favorites of blackjack, roulette, and poker. Scorpion Casino is connected with all major casino gaming providers, like Evolution and AMATIC, providing the highest quality casino games. There is also a sportsbook that offers gambling on all the major sports.

Scorpion Casino is fully regulated and licensed by the Curacao EGaming licensing entity. The $SCORP token will be the payment method of the SCORP ecosystem, and the default betting currency of the sportsbook and casino. A 1% burn tax on each transaction makes this a deflationary token, and, as previously mentioned, the online gambling and casino market is huge and expected to keep growing at a CAGR of 7.76% per year between now and 2028. As the world moves toward the adoption of blockchain technology Scorpion Casino is excellently placed to take advantage of this growth.

Learn More: Whitepaper, Telegram

Token Symbol  SCORP
Presale Supply 200,000,000 SCORP
Token Type BEP-20
Payment Method ETH, USD, BNB
Listing Price  $0.05

 

9. eCash (XEC) – High Volume Blockchain Designed for Everyday Use

Pretty much everyone has heard of Bitcoin and Bitcoin Cash but have you heard of eCash? I thought not. eCash aims to be a fast and affordable digital currency for everyday use and while it has a similar architecture to Bitcoin there are some key differences.

eCash has been designed to handle a high volume of transactions and built using Proof of Stake it is good for the environment too.

eCash landing page

Built on top of the Avalanche consensus mechanism means eCash could just be one cryptocurrency which may be widely adopted.

Although the price may be low right now, with increased investment and wide spread adoption, eCash has the chance to make early investors some significant returns.

However, as always, it is important to conduct your own research before making any investment decision.

Learn More: Whitepaper, Telegram

Token Symbol  XEC
Total Supply 19.6 trillion
Token Type BEP-20
Payment Method ETH, USD, BNB
Current Price  $0.00005696

 

10. Terra Classic (LUNC) – Revived Blockchain Looking to Return to Former Highs

Another great cryptocurrency to look at under $0.01 is Terra Classic aka $LUNC. This well known cryptocurrency has had something of a wild ride in its short life.

Founded in 2018 and formerly known as TERRA (LUNA) this protocol hoped to become a hub for stablecoins. In its early days Terra’s eco-system thrived by offering high interest DeFi products that proved to be extremely popular.

At its height the $LUNA token achieved a market cap of $41 billion in April 2022.

Terra ClassicHowever it wasn’t too long before the project encountered a bug in the code which caused its stablecoin, TerraUSD (UST) to lose its peg with the dollar. This in turn created a domino effect which crashed the price of LUNC too.

Less than a year later the team behind Terra Labs rallied and launched the token we know today, Terra Classic aka Terra2.0. All that being said, the question remains, why would anyone want to invest in a project which has already crashed to zero?

Well, at current prices $LUNC is a fraction of its predecessor and with the blockchain back up and running, were it to reach previous highs, investing now could prove to be very profitable.

Additionally, there is a large and passionate community that supports Terra Classic and they are working hard to find ways to revive the eco-system and return the protocol to its former glories.

Learn More: Whitepaper, Telegram

Token Symbol  LUNC
Total Supply Infinite
Token Type LUNC
Payment Method ETH, USD, BNB
Current Price  $0.0001556

 

Penny Cryptocurrencies Explained


A penny cryptocurrency is widely defined as a cryptocurrency that is priced in pennies and worth less than $1. The term originates from the stock market, where the equivalents are called penny stocks and were originally defined as anything that traded for “pennies on the dollar.” Penny stocks are defined by the Oxford Dictionary as:

“A common stock being traded at a very low price, investment in which is highly speculative.”

The term penny stocks first emerged around 1921 and was thought to be that what is said above, stocks that cost less than $1. When the SEC was created in 1934, in the aftermath of the stock market crash in 1929, they determined that anything trading for under $5 a share could not be listed on the stock exchange, and it became that anything not traded on the stock exchange was called a penny stock. So that meant that anything trading under $5 was being called a penny stock.

Nowadays, penny stocks and penny cryptocurrencies are defined as assets that are valued in pennies and worth less than a dollar. However, the moniker “penny crypto”, as “penny stock” does, has connotations that go further than just commenting on the price of the asset.

The term penny crypto implies two major things:

  • The potential for huge upsides should that asset gain widespread traction and adoption.
  • The fact that buying the asset is highly speculative and that it is, more than likely, going to fail.

So, while penny cryptocurrencies have huge upside potential, it is highly likely that they will fail. This is why each individual investor should always do their own due diligence and conduct thorough research on the penny cryptos they wish to invest in.

Because of this some would not class established tokens that are worth less than a dollar, mainly Dogecoin and other established meme coin, as penny stocks; saving the term penny stock for coins outside of CoinMarketCap’s top 100 coin. However, this varies by person and many see all cryptos worth less than a dollar, especially meme coins because of their typically speculative nature, as speculative assets.

How to Choose Penny Cryptos To Invest In


As stated above, investors who want to find penny cryptos that will explode in 2024 should be prepared to conduct a lot of due diligence on their potential investments.

Here we’ll look at the major factors to consider when reviewing penny cryptos. This is by no means an exhaustive list of the items investors should check when researching a project, and each project will have its own unique aspects that should be considered in the context of the project and that market.

Always Beware of Scammers

The cryptocurrency world is still very much unregulated, and its decentralized nature means absolutely anyone can create and release a token and legitimate looking website in under an hour (creating the website is the long part, a token can be created in minutes).

With its open source nature, there is also a wide availability of smart contracts that projects can easily deploy to enhance the look, feel, and legitimacy of their offering. This means that investors need to stay sharp when conducting their research.

Running a penny stock scam was how Jordan Belfort, the protagonist in the biographical film Wolf of Wall Street, made his first fortune.

Project Feasibility and Market

Is the solution the project is proposing a feasible solution to an existing problem? Furthermore, if it is a real-world project, is there a market for the proposed solution? Who are the competitors, and where are they thinking of launching?

Those behind a project should have conducted their research to determine the feasibility of their venture and the potential market for it. They should then present this information to potential investors—i.e., potential token buyers—so they can use it to make informed decisions.

The Team

Who is behind the project? Do they have experience in the field (not always necessary) and are there people on the team with the expertise to build the proposed solution and deploy it to the blockchain? Also, can you verify that the people listed as a part of the team are both real and a part of the project?

Anonymous teams, or anonymous members of a team, are a common occurrence in crypto, and the nature of the industry permits people to remain anonymous. However, when looking for the best penny crypto to buy right now, investors should be extra cautious of projects with anonymous teams. It’s not unreasonable to want to see an anonymous team prove their worth before you invest.

Token Value as Utility

Here we’re not considering the present or future monetary value of a token, but, instead, does the token have value derived from its utility within the ecosystem or dApp that the project is proposing?

Tokens are a good way of raising funds, but they need to have a future utility that can drive demand for them. Without this, it probably doesn’t have the chance to go 100x like investors are looking for.

There is, of course, an exception to this—maybe all this—and that is meme coins. Which seem to follow their own unpredictable and still unknown utility-less value trajectories.

Roadmap

Does the roadmap align with the statements made in the whitepaper, and are the development and business items proposed reasonably achievable in the time frame put forth? Many cryptocurrency projects are overly ambitious with the time frames on their roadmaps, in an effort to attract zealous investors looking for quick returns.

Often, while initially less exciting, projects with longer roadmaps are likely better thought out and steered by a team who know what it takes to build such an undertaking and, therefore, can offer a better investment opportunity.

Tokenomics

Tokenomics are a huge part of any project, and investors can sometimes breeze over this section too quickly. How is the token divided between different parts of the business, and why? Are there vesting schedules for tokens designated to teams or early round investors? Is the time and distribution of these tokens open and transparent?

How a token’s supply is utilized by the project can impact the project feasibility, along with the token price. How and when tokens are vested to investors and team members is also an important metric to consider, as the release of a large amount of tokens at once is likely to affect its market price.

Our Methodology – How We Evaluated the Best Penny Crypto to Invest in 2024


Choosing the best penny crypto to buy now meant that we had to evaluate several different aspects of the token before presenting them for your consideration. Here are the equally-weighted factors that we took into account when coming up with our list of penny crypto with 1000x potential.

Quality of Project Roadmap – 20%

We studied each project’s whitepaper, understanding its goals, technology, roadmap and use cases, as well as the dynamics, trends, and factors that influence these assets. This helped us assess each project’s intended impact and potential utility in the real world, as well as how likely the project will be able to deliver on its promises in the timeframe outlined.

Strong Team and Partnerships – 20%

When ranking the best penny crypto to buy now, we assessed the team behind the project. We sought out penny coins crypto tokens with capable teams, that were transparent in their financial reporting and had a sustainable business model. Additionally, we looked at the penny crypto stocks’ partnerships with other projects, companies, or organizations since fruitful collaborations generally indicate a more credible and potentially successful penny crypto stock.

Community Support and Momentum – 20%

The level of community support and engagement can make or break a crypto penny stock. A vibrant and engaged community participates in discussions, promotes the project through social media channels, and contributes to its development through activities such as testing, feedback, and spreading awareness.

The involvement of developers within the community is also paramount for the ongoing development and improvement of a cryptocurrency – regular updates, bug fixes, and the implementation of new features is much more likely in a strong and active community.

Level of Risk – 20%

We looked at the potential risks and challenges posed by each recommended penny crypto stock, including market, regulatory, and technological risks. What is its volatility like, and have any significant events happened that may have affected its value?

Market Liquidity – 20%

Liquidity is important for ease of buying and selling, so we made sure to look into the liquidity of the penny crypto stock and its availability on reputable cryptocurrency exchanges. Higher trading volumes and a narrow bid-ask spread usually indicate greater liquidity, as there are more active buyers and sellers in the market, and not a big disparity between buy-and-sell prices.

Even after all that, there’s no guarantee that it will be the next penny cryptocurrency to boom and make you a multi-millionaire, but by doing research and having the latest information on hand, you can make smarter decisions regarding the best penny crypto to invest in 2024.

Is it Worth Buying Penny Cryptocurrencies?


Today, we’ve reviewed the best penny cryptocurrency to buy in 2024. However, investors may still be wondering whether penny crypto tokens are a worthy addition to a portfolio.

Further information on why it might be worth buying penny cryptocurrencies can be found below:

Upside Potential

Leaders in the crypto space today include Bitcoin, Ethereum, and many others. These coins have been around since a period when interest in crypto-assets was low. In reality, the market wasn’t nearly as saturated back then either.

That said, using Bitcoin as an example, BTC tokens were worth less than a cent when they were first introduced to the public. At the time of writing, BTC tokens trade for over $72,000 each. Moreover, the market capitalization of Bitcoin has since surpassed $1 trillion.

By choosing the right project, investors could see attractive gains by investing a low amount of $1 or less in a cryptocurrency.

Low-Cost Entry into the Crypto Market

Many investors have been put off by the initial outlay of entering the crypto market.

However, this only really applies to tokens like Bitcoin, which, as we said, trades for many thousands of dollars.

In contrast, investors can buy one of our top picks – $DOGE20 tokens – via the presale at a cost price of just $0.000147 USDT.

Crypto Portfolio Diversity

Why stop at one penny cryptocurrency? Some investors choose to spread the risk by creating a diverse portfolio of low-cost tokens.

This is much easier to achieve with cryptocurrencies that trade for $1 or less.

That said, investors must still conduct plenty of research to gain an understanding of each project and the risks involved.

Where to Buy Alternative Penny Crypto Coins


In addition to the above walkthrough – which describes how to buy the best crypto under a penny, it is also worth looking at established projects that are already listed on tier-one exchanges.

When choosing an exchange for this purpose, investors should consider metrics surrounding safety and legitimacy, as well as trading and deposit fees, ease of navigation, market diversity, features, and more.

There are a wide variety of centralized and decentralized exchanges to choose from, but some of the top brands in the business – including Binance and Coinbase – currently find themselves in the crosshairs of regulators.

Best Penny Coin to Buy Now – Our Conclusion


Throughout this guide, we’ve taken an in-depth look at some of the best penny cryptos currently available. While each project we’ve mentioned shows promise, one asset, in particular, could explode upon its release. Our top choice is Dogeverse ($DOGEVERSE).

This is a multi-chain meme coin, accessible with six blockchains. Dogeverse can also be staked to generate high annual yields. In only a few weeks since its presale launched, the cryptocurrency has raised more than $7 million.

Visit Dogeverse

Crypto Penny Stocks FAQs

What is a penny cryptocurrency?

A penny crypto is categorized as a digital currency that is trading at $1 or less per token. Some crypto assets that fall within this category possess a large market capitalization – such as XRP and Cardano. This is directly linked to the number of tokens issued by the project.

What is the overall best penny cryptocurrency to invest in right now?

The overall best penny crypto to invest in now is Dogeverse ($DOGEVERSE). Holders can stake their tokens to earn regular passive and sustainable staking rewards.

What is the best crypto under 1 cent?

Some of the top cryptos currently valued at under 1 cent are Bonk, Shiba Inu, BitTorrent, and SATS (Ordinals)

Which penny crypto has 1000x potential?

One of the penny cryptos that is being touted as having 1000x potential is Dogeverse, which is the first Doge-themed meme coin to be compatible with six blockchains.

Where is the best place to buy penny crypto?

The best place to buy penny crypto will depend on whether the project is listed on an exchange yet. Presale coins usually have a native website to buy from directly and offer low prices, while more established ones will be available on multiple centralized and decentralized exchanges.

How can I invest in penny cryptocurrencies?

The best cryptocurrencies are listed on reputable and regulated online exchanges. If, however, the penny cryptocurrency is still in its presale, then a purchase can be made directly on the provider’s website.

Which penny cryptocurrency will blow up?

While it’s impossible to predict the future exactly, Smog has all the markings of a blue-chip cryptocurrency and could explode in the coming months.

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