8 Best Penny Cryptos to Buy in October 2024
Why Trust Cryptonews
Penny cryptocurrency investments offer the tantalizing aspect of huge returns from a very small initial commitment. However, the market is awash with so-called “penny cryptocurrencies” that are 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 receive your attention?
In this guide, we discuss the best penny cryptocurrencies to invest in for 2024, including Pepe Unchained, Crypto All-Stars, and Flockerz, 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.
- The Pepe meme gets its own Ethereum Layer-2 chain
- Stake $PEPU to earn double the staking rewards through Layer-2 technology
- Pepe Unchained aims to replicate the success of Pepe but with its own ecosystem
ETH
bnb
usdt- +1 more
- Meme coin project bringing together every top meme coin in the world.
- Features a revolutionary staking contract that allows all top meme coins to be staked on one singular platform.
- Stake $STARS for big rewards and claim your tokens at the end of the presale phase.
- ETH
- usdt
Bank Card- +1 more
- First-of-its-kind Vote-To-Earn DAO, giving holders the power to control the destiny of the project.
- Early adopters of this meme coin earn massive rewards for buying and staking their tokens during presale.
- 25% of supply reserved for staking $FLOCK tokens and watching rewards hatch.
- ETH
- usdt
- Bank Card
- +1 more
- A brand new play-to-earn casino that allows wagering with meme coins
- Exclusive rewards such as airdrops, bonuses and loot boxes for token holders
- A selection of thousands of crypto games to play, including a sportsbook
- ETH
- usdt
- Bank Card
- +2 more
- Trending meme coin with P2E utility & staking rewards
- Price up 10x in past month, rumors of Binance listing
- 12k+ holders and growing
- Bank Card
- usdt
- ETH
- New meme coin offering an immersive Wild West crypto experience with high-stakes battles
- Participants can buy and stake $SHIBASHOOT tokens for rewards in excess of 2,000% p/a
- Token holders can cast votes on key project decisions and try their luck in the 'Lucky Lasso Lotteries'
- ETH
- usdt
- bnb
- +1 more
- Easy to integrate Dogecoin spinoff, celebrating 10 years of the original Dogecoin
- Secure and transparent staking on ETH blockchain, with high passive rewards for holders.
- Scheduled to be launched on major crypto exchanges in Phase 3 of roadmap, ensuring widespread accessibility and adoption.
- usdt
- Bank Card
- ETH
- New token that aims to revolutionise how digital currencies are used in everyday commerce.
- $SPY tokens to list on major centralised exchanges, including the MEXC Global exchange.
- Loyalty incentives, airdrops, and participation rewards for community members.
- bnb
- usdt
- Bank Card
- +5 more
- Native token of the DTX Exchange that offers 1000x leverage
- Almost $1 million already raised in just a short time
- Upcoming crypto giveaway where 10 presale participants will win $100,000 worth of DTX Token each
Bitcoin- ETH
- usdt
- +2 more
- Forecast the outcomes of Formula One races and compete with fans worldwide for a spot on the leaderboard.
- Use $BDJ tokens to participate in prediction markets, stake for additional rewards, or hold for potential future value appreciation.
- Buy and stake $BDJ to earn up to 6,811% in passive income rewards.
- ETH
- bnb
- usdt
- +1 more
- Latest crypto ecosystem designed to power all upcoming dApps.
- With no gas fees, lightning-fast transactions, crypto staking options and more, JetBolt is one to watch.
- Buy and stake JBOLT tokens to earn rewards.
- Bank Card
- ETH
- Bitcoin
- +2 more
The Next Penny Cryptocurrencies to Boom in 2024
To assist investors in choosing a suitable project for their portfolio, below is a list of the next penny cryptocurrencies to boom in 2024.
| Penny Crypto | Price | Coin Type | Why We Picked It |
| Pepe Unchained (PEPU) | $0.00994 | Meme | Best Layer 2 penny crypto |
| Crypto All-Stars (STARS) | $0.0014828 | Meme | Best meme-based penny crypto |
| Flockerz (FLOCK) | $0.0057012 | Vote-to-Earn | Best vote-to-earn crypto |
| Memebet Token (MEMEBET) | $0.0256 | CasinoFi | Best meme coin casino |
| Shiba Shootout (SHIBASHOOT) | $0.0205 | Meme | Best community-building penny coin |
| Shiba Inu (SHIB) | $0.000017 | Meme, Utility | Best penny crypto with an ambitious roadmap |
| Ripple (XRP) | $0.53 | Utility | Best penny crypto for facilitating international transactions |
| Dogecoin (DOGE) | $0.10 | Meme, Utility | Best penny crypto for making payments |
Full Analysis of the Best Penny Cryptocurrency to Invest in 2024
A large part of finding crypto under a penny that will explode is to conduct plenty of thorough research. To aid this process, we’ve reviewed and ranked the most promising penny cryptocurrencies below.
1. Pepe Unchained – Overall Best Ethereum L2 Penny Coin
Pepe Unchained ($PEPU) is our top pick for the best penny coins due to its strong network capabilities, staking rewards, and presale success.
At the time of writing, $PEPU is priced at $0.0082596 per token during its presale round. Within just a few weeks of its presale launch, Pepe Unchained has raised more than $2.2 million. It has enjoyed a strong presale launch as it offers fast transaction speeds and charges low gas fees from token holders.
This is because Pepe Unchained is built on Ethereum’s layer-two (L2) blockchain, which offloads transactions from the main chain. This helps reduce the operational costs, allowing token holders to benefit from high staking rewards.
This penny token can be staked on Pepe Unchained’s staking mechanism to generate a live APY (Annual percentage yield) of more than 800%. $PEPU has a total supply of 8 billion tokens, out of which 30% will be distributed as staking rewards. The ongoing presale is allocating another 20% of the token supply.
Learn More: Pepe Unchained whitepaper, Telegram
| Presale Started | June 2024 |
| Purchase Methods | ETH, BNB, USDT, Card |
| Chain | Ethereum L2 |
| Current Price | $0.00994 |
| Amount Raised | $18.2 million |
2. Crypto All Stars – Uniting Top Meme Coins with High Staking Rewards
The next best penny crypto to consider buying is Crypto All-Stars ($STARS). It’s an innovative meme coin project that unites the top meme coins under one platform. It offers a unique ‘MemeVault’ staking protocol, where users can earn $STARS tokens by staking popular meme coins.
At the time of writing, early buyers can get a high staking APY of over 1,600%. However, this rate will decrease as more investors join the staking pool.
Built on the Ethereum blockchain, $STARS is the native token for the Crypto All-Stars ecosystem. The presale offers 20% of the total supply to early buyers at a relatively low price. At press time, early buyers can grab $STARS for just $0.0014135.
Learn More: Crypto All Stars on X, Telegram
| Presale Started | August 2024 |
| Purchase Methods | ETH, BNB, USDT, Card |
| Chain | Ethereum |
| Current Price | $0.0014828 |
| Amount Raised | $2.06 million |
3. Flockerz – The Top Rising Meme Coin with High Staking Rewards
Flockerz ($FLOCK) stands out as a leading meme coin in the current market due to its impressive growth and innovative staking rewards. Priced at just $0.0057012 per token during its presale, Flockerz has quickly gained momentum, attracting significant interest and investment.
Built around the Flocktopia DAO, $FLOCK empowers holders to influence the project’s future while earning rewards through its vote-to-earn mechanism. This innovative approach is complemented by a high staking APY of 3,842%.
Flockerz has rapidly attracted attention in its presale phase, raising substantial funds and demonstrating strong growth potential. With a strategic distribution plan that allocates 25% of tokens to staking rewards and 25% to the DAO Vault, Flockerz is well-positioned for sustained success.
Learn More: Flockerz whitepaper, Telegram
| Presale Started | September 2024 |
| Purchase Methods | ETH, BNB, USDT, Card |
| Chain | Ethereum |
| Current Price | $0.0057012 |
| Amount Raised | $493,000 |
4. Memebet Token – Innovative Meme Coin With Casino-Based Rewards and Presale Opportunities
Memebet Token ($MEMEBET) is gaining attention as a unique entry into the meme coin space, powering the first no-KYC meme coin casino. This token offers exclusive wagering airdrops, a hassle-free gambling experience, and a strong community focus.
With 70% of its total supply allocated to presale and rewards, $MEMEBET is designed for rapid growth, targeting both crypto traders and online gamblers.
As the online gambling and meme coin markets continue to expand, $MEMEBET stands out with its strategic positioning and presale momentum. It’s poised to attract crypto enthusiasts looking for both gaming rewards and high growth potential, making it one of the top penny cryptos to watch in 2024.
Learn More: Memebet Token on X, Telegram
| Presale Started | September 2024 |
| Purchase Methods | ETH, BNB, Poly |
| Chain | Ethereum |
| Current Price | $0.0256 |
| Amount Raised | $382,000 |
5. Shiba Shootout – Best Community-Building Penny Token
Shiba Shootout is a new meme coin, infusing the crypto Wild West theme with the playful essence of Shiba Inu. The project offers a unique blend of strategy and adventure, poised to capture the vibrant spirit of meme coin enthusiasts.
The platform is currently in its presale phase, offering tokens at discounted rates in exchange for ETH or USDT. Investors can earn passively by staking $SHIBASHOOT. Moreover, Shiba Shootout stands out with community-driven features like Posse Rewards, Campfire Stories, and Token Governance Roundups, enhancing user engagement.
Shiba Shootout aims to become a top meme coin with its distinctive Wild West theme and community-focused features, promising long-term growth and appeal in the meme coin market.
Learn More: Shiba Shootout whitepaper, X, Telegram
| Presale Started | May 2024 |
| Purchase Methods | ETH, BNB, USDT, Card |
| Starting Price | $0.0187 |
| Current Price | $0.0195 |
| Amount Raised | $1.19 million |
6. Shiba Inu (SHIB) – Best Penny Crypto With an Ambitious Roadmap
Shiba Inu, a meme-inspired token often dubbed the “Dogecoin Killer,” is a penny token built on the Ethereum blockchain. It offers more than just its native SHIB token; it also includes LEASH and BONE tokens, which contribute to the ecosystem’s growth. With a large supply and relatively low price, SHIB has attracted many investors seeking high-potential returns.
Shiba Inu’s appeal lies in its ambitious roadmap, including ShibaSwap, a decentralized exchange, as well as other projects like ShibaNet, which aims to create a decentralized marketplace, and Shiboshi Rush, a new Web3 game. These initiatives indicate that Shiba Inu is moving beyond its meme origins and seeking real utility.
Shiba Inu’s volatility is both a risk and a reward. The token has experienced dramatic price surges and falls, and remains highly affordable and accessible, offering attractive opportunities, especially for short-term traders.
Shiba Inu has a very active and passionate community, which helps drive engagement and awareness for the project. With a strong following on social media, Shiba Inu’s community-driven approach continues to keep it relevant and in the public eye, which could be advantageous for price appreciation in the coming year.
7. XRP – Best Penny Crypto for Facilitating International Transactions
XRP, the native cryptocurrency of the Ripple network, is a penny crypto known for its focus on facilitating fast, low-cost international transactions. XRP transactions are processed in seconds, positioning it as a strong contender in the crypto space for payment services and partnerships with major financial players.
Ripple’s legal battle with the SEC has drawn significant attention, and any resolution in favor of Ripple could propel XRP’s price. Additionally, Ripple has been expanding its network of partners, including banks and financial institutions, which supports XRP’s potential for widespread adoption.
XRP’s unique consensus mechanism, the XRP Ledger, sets it apart from other penny cryptos. It relies on a network of validators rather than a traditional proof-of-work or proof-of-stake model. This makes XRP highly scalable and energy-efficient, aligning well with growing concerns about sustainability in the crypto industry.
For those looking to invest in a penny crypto with potential upside linked to financial technology, XRP’s combination of innovation and adoption potential makes it very appealing.
8. Dogecoin – Best Penny Crypto for Making Payments
Originally created as a joke, Dogecoin has evolved into one of the most well-known cryptocurrencies and a favorite for both new investors and crypto veterans alike. It has experienced massive price swings driven by social media and high-profile endorsements, as well as increasing acceptance for payments, with several businesses now accepting Dogecoin.
Technologically, Dogecoin is based on a modified version of the Bitcoin code, operating on a decentralized, peer-to-peer network that processes transactions faster and more affordably. However, it lacks the smart contract capabilities found in other networks. Developers are working on enhancing Dogecoin’s utility, and there is ongoing discussion about implementing upgrades to improve transaction speed and cost-efficiency further.
Dogecoin’s appeal lies in its relatability and low price, making it an accessible entry point for new investors. However, its price is highly susceptible to market sentiment and social media trends, which can lead to sudden volatility. For those comfortable with a high-risk, high-reward profile, Dogecoin remains a worthwhile investment opportunity in the penny crypto space.
What Is a Penny Cryptocurrency?
A “penny cryptocurrency” is any crypto coin or token that’s very low priced, typically under $1. These cryptocurrencies are often appealing to investors looking for low-cost options with the potential for significant returns if the value increases.
However, penny cryptos can be highly volatile and carry higher risks compared to more established, higher-priced coins.
Examples of penny cryptocurrencies include Dogecoin, dogwifhat, and VeChain, which started with very low prices but attracted attention due to their underlying technology or community support.
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.
That said, BTC tokens, for example, were worth less than a cent when they were first introduced to the public. At the time of writing, Bitcoin tokens trade for over $59,000 each. Moreover, the market capitalization of Bitcoin has since surpassed $1 trillion.
By investing in crypto with the highest upside, including penny tokens, investors can potentially achieve substantial gains.
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 cryptocurrencies, such as $PEPU, during their presale stage for a fraction of a penny.
Crypto Portfolio Diversification
Why stop at one penny cryptocurrency? Some investors choose to spread the risk by investing in a diverse range of low-cost tokens to create the best crypto portfolio allocation.
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.
How to Buy Penny Crypto: Pepe Unchained Example
Below, we go over the process of buying penny crypto, using Pepe Unchained as an example.
If you don’t have a crypto wallet and compatible cryptocurrency, follow our guide on how to set up a BestWallet account, before moving to the first step in this tutorial. It also covers how to fund your wallet.
Step 1: Connect Your Wallet
Visit the Pepe Unchained presale website and locate the presale widget. Click “Connect Wallet” and select your wallet type, such as BestWallet.
Step 2: Choose Your Network
Once your wallet is connected, select the network to purchase Pepe Unchained tokens from options like Ethereum, Tether, BNB, or using your bank card.
Step 3: Buy $PEPU Tokens
Enter the amount of ETH, USDT, or US Dollars you wish to exchange for $PEPU tokens or specify the number of tokens you want. Confirm the amount and complete the transaction following your wallet’s instructions.
Step 4: Claim Your Tokens
Post-presale, follow Pepe Unchained’s instructions to claim your tokens using the same wallet and network.
Step 5: Stake, Trade, or Bridge
After claiming, you can trade your $PEPU tokens on various decentralized exchanges.
To stake your $PEPU tokens, navigate to “Staking” on the Pepe Unchained site and select “Buy and Stake.” If you already own tokens, proceed directly to staking. To manage your stakes, use the options to claim rewards or withdraw staked tokens.
Conclusion: What’s the Best Penny Crypto to Buy Now?
Throughout this guide, we’ve taken an in-depth look at some of the best penny cryptos currently available. While each project we’ve mentioned shows promise, one asset, in particular, could explode upon its release. Our top choice is Pepe Unchained ($PEPU).
This is a Pepe-themed meme token that is built on the Ethereum blockchain. Since launching on presale, Pepe Unchained has raised more than $2.2. million.
Crypto Penny Stocks FAQs
What is a penny cryptocurrency?
A penny crypto is categorized as a digital currency that is trading at $1 or less per token. Some crypto assets that fall within this category possess a large market capitalization – such as XRP and Cardano. This is directly linked to the number of tokens issued by the project.
What is the overall best penny cryptocurrency to invest in right now?
The overall best penny crypto to invest in now is Pepe Unchained ($PEPU). 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 Pepe Unchained, which is a Ethereum layer-two meme coin.
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, Pepe Unchained has all the markings of a blue-chip cryptocurrency and could explode in the coming months.
References
- Crypto Stocks Surge as Bitcoin Hits Fresh 2023 High – Reuters.com
- Online Gambling – Worldwide – Statista.com
- Stock Market Crash of 1929 – FederalReserveHistory.org
About Cryptonews
Our goal is to offer a comprehensive and objective perspective on the cryptocurrency market, enabling our readers to make informed decisions in this ever-changing landscape.
Our editorial team of more than 70 crypto professionals works to maintain the highest standards of journalism and ethics. We follow strict editorial guidelines to ensure the integrity and credibility of our content.
Whether you’re looking for breaking news, expert opinions, or market insights, Cryptonews has been your go-to destination for everything cryptocurrency since 2017.
Michael Graw 
