10 Nov 2022 · 27 min read

14 Best Penny Cryptocurrencies for 2022

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

Penny cryptocurrency investments have the potential to offer attractive returns with a very small initial commitment. There are more digital currencies than ever, and many trade for less than a dollar.

As such, in this guide, we discuss the 14 best penny cryptocurrencies to invest in for 2022.

We also explore why investors choose penny cryptocurrencies and what risks to consider before proceeding with an investment. 

Overview of the Top 14 Penny Cryptos for 2022

Below is a list of the best penny crypto to buy in 2022, to assist investors in choosing a suitable project for their portfolio.

  • Dash 2 Trade (D2T) - Overall Best Penny Crypto Tracking On-Chain Metrics and Buyer Sentiment
  • RobotEra (TARO) - November Launched Crypto with P2E, Metaverse and NFTs
  • IMPT (IMPT) - Popular Green Crypto That has just Launched its Presale
  • Calvaria (RIA) - Play to Earn Game with 2 Multi-Utility Tokens with Low Fees
  • Tamadoge (TAMA) - Top Penny Cryptocurrency that has Pumped since Listing
  • Battle Infinity (IBAT) - Blockchain Gaming Platform With a Metaverse World
  • The Hideaways - Crypto Project Bridging Blockchain with Real Estate 
  • Lucky Block (LBLOCK) - NFT Competitions Project with Giveaways
  • Ripple (XRP) - Large-Cap Enterprise Blockchain and Crypto Solutions Provider
  • Cardano (ADA) - Proof-of-Stake Network with Staking Pools
  • Tron (TRX) - Decentralized Network With DeFi, Web3, and NFT Integration
  • Cronos (CRO) - Native Token of the Ecosystem Supported by Crypto.com
  • Polygon (MATIC) - Multi-Chain Scaling Solution On Ethereum Network
  • Chiliz (CHZ) - Sports-Focussed Platform With Fan Tokens

Visit Dash 2 Trade Presale Now

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

Full Analysis of the 14 Best Penny Cryptocurrency to Invest in 2022

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 14 most promising penny cryptocurrencies below. 

As we touched on, to embrace diversification and risk management, we discuss a range of different project types.

1. Dash 2 Trade (D2T) - Overall Best Penny Crypto Tracking On-Chain Metrics and Buyer Sentiment

Dash 2 Trade (D2T) is a new cryptocurrency platform that provides users with a host of useful crypto tools designed to improve the crypto trading experience. 

The native ERC-20 token to the ecosystem, D2T, has recently entered its presale, raising over $400,000 in its first 24 hours, selling out phase 1 in just three days, and now raising $6 million in two weeks.

Many investors and crypto experts are touting the asset as the best penny crypto to buy today. 

Created to power the Dash 2 Trade ecosystem, the D2T token is used to pay for resource-heavy features like backtesting trading strategies but that's not all. 

Subscriptions for the Dash 2 Trade platform will be paid for with D2T tokens. The membership tiers are as follows: 

  • Free - Grants the trader access to the platform and provides basic on-chain data.
  • Starter (400 D2T monthly) - Provides access to most of the Dash 2 Trade functionality but contains only foundation-level metrics. 
  • Premium (1,000 D2T monthly or 9,600 D2T per year) - The complete Dash 2 Trade package. Provides access to every feature and professional-level data streams. 

As we mentioned, Dash 2 Trade is currently in the second phase of its presale having sold out its phase 1 allocation in just three days

Each new phase sees an increase in price, with the price of D2T hitting $0.0662 in the ninth and final phase. 

With this marking a 39.08% difference between prices in phases one and nine, it could be a good idea to stock up on this penny crypto early. 

Dash 2 Trade packs an impressive amount of useful features into an intuitive package. 

A few of our favorite features highlighted in the Dash 2 Trade whitepaper include a tracker for buyer sentiment as well as social mentions, a tracker that scores presales based on risk and potential, and an automated trading API that can be easily customized. 

All in all, Dash 2 Trade is a very exciting penny crypto that is likely to explode upon its official release thanks to the demand created by the membership system and Dash 2 Trade's features. 

With the presale slowly increasing in price, it's advisable it check out the best penny crypto sooner rather than later. Join the Dash 2 Trade Telegram to keep up with any developments. 

Visit Dash 2 Trade Presale Now

2. RobotEra (TARO) - November Launched Crypto with P2E, Metaverse and NFTs

$TARO is a new penny crypto currently in a hot presale that launched in November 2022 - investors wanting to lock in low prices should get in now while the project is still in early-round fundraising.

RobotEra is a play to earn game requiring players to customize and trade robot NFT avatars and reconstruct planet Taro on metaverse plots of land.

The tokens are currently at their lowest price, selling for $0.02 during the first stage of the three-stage presale.

Investing in this project now means that investors will own an appreciating asset that increases in value as it enters the different stages of the presale. 

By the time the RobotEra presale ends, early investors will have enjoyed a 60% increase in the value of $TARO tokens before they reach exchanges, with final stage tokens to sell for $0.032.

Players can also earn more tokens by buying land to mine minerals while monetizing metaverse is also possible by renting out billboards for advertising or hosting concerts and events and charging an entry fee.

RobotEra even rewards players for building and customizing NFT robot companions, which can be held or sold on.

The game enables players to earn a passive income by staking their coins, which is vital for rebuilding Taro - players also receive $TARO tokens for operating independent continents.

Players of RobotEra, which is an LBank Labs project, will not need coding language to build their metaverse worlds or customize NFT robots, with the game featuring its own custom tools.

Physics, sound, user interaction, payments and dynamic 3D scenes can be added and RobotEra expects the use case of the game to grow in time as players make the land their own.

Stage 190 million tokens$0.02$1,800,000
Stage 290 million tokens$0.025$2,250,000
Stage 390million tokens$0.032$2,880,000

Further information about $TARO tokens and the game can be found on its Telegram channel, while interested investors can also read the RobotEra whitepaper for a comprehensive overview of the token.

Only 15% of the total $TARO supply will be available for the presale in three stages, with a hard cap of around $7 million.

On sale for $0.02 now, the second stage increases the coin's value to $0.025 and the third to $0.032 - so the time to be a part of this project is now.

Presale StartedNovember 2022
Purchase MethodsETH, USDT
ChainEthereum
Min Investment1,000 TARO
Max InvestmentN/A

 Buy $TARO Tokens Now

3. IMPT (IMPT) - Popular Penny Crypto that has just Launched Presale

The best way to beat the crypto bear market - and wider macroeconomic conditions - has been to find solid projects and invest in their presales.

As Tamadoge (below) has proved, finding projects early can lead to excellent returns for investors and IMPT has investors extremely excited after it raised $11 million in just three weeks to sell out the first phase of its presale four weeks early.

IMPT is a unique, eco-friendly project that has just launched its presale and looks set for exciting growth in the weeks and months ahead.

The carbon zero project has already agreed on partnerships with more than 10,000 companies and retailers - including globally recognizable brands such as Samsung, Amazon and Microsoft - to do more to fight the climate crisis.

While many new crypto projects struggle with a lack of real-world utility, IMPT is building a project to fight one of the most pressing concerns of the 21st century, climate change.

Individuals and businesses can offset their carbon footprint by earning carbon credit NFTs, which can be bought on a custom-built marketplace or earned through shopping

Carbon credits are permits that allow their holder to emit greenhouse gas into the atmosphere while funding environmentally friendly organizations that have been fully vetted and audited. 

Users can earn credits when shopping, which will have value in themselves as they can be sold or swapped and also retired - with retired credits earning their former owners NFTs and a score on a global leaderboard to track their carbon footprint.

Built on Ethereum - one of the most eco-friendly blockchains around after the Merge - IMPT boasts a doxxed team with years of senior experience in commerce and telecoms. 

After 600 million tokens sold out in three weeks in phase 1, The second and third phases will see another 1.2 billion tokens released, with the price jumping to $0.023 and then $0.028. 

With tokens priced at $0.018 in phase 1, that meant $100 returned investors 5,555 tokens, compared to just 3,571 in phase 3, an increase of 55%.

Given its real-world use case, IMPT looks set to be one of the best cryptos to buy in the coming weeks.

Read more information in the IMPT whitepaper and join the Telegram group for the latest news.

ChainEthereum
StandardERC-20
Token Price$0.023
End DateJanuary 31 (stage 2)
VestingUnlock Token Generation Event
TeamDenis Creighton (CEO), Mike English (CTO), Hugh Phelan (CLO)

Visit IMPT

4. Calvaria (RIA) - Play to Earn Game with 2 Multi-Utility Tokens with Low Fees

Calvaria has separated itself from many crypto games by offering not one but two penny cryptos for rewards and true in-game resource ownership. 

The native token, $RIA, is currently priced in the penny range because it's in a presale, but that may change once it's listed on exchanges.

Investors are moving quickly to buy up RIA, with the presale now in its fourth phase with more than $1.5 million raised. 

With the price set to increase to $0.055 by the tenth and final stage, early investors will have seen an increase of 450% from the phase 1 price.

The other native token is $eRIA. Players can use it to combine cards with the same strength to buy higher-level cards. Both of the coins are used as rewards. Calvaria uses RIA tokens also for governance, voting, and staking.

Calvaria also informs investors about its coins and other developments via the Telegram group.

Players can lock in their coins for a specific duration to earn daily rewards. Owning RIA tokens enables investors to vote on key aspects of the ecosystem to determine its future. RIA token holders act as governors to ensure that the ecosystem functions properly.

Both of the tokens have 0% sales tax and are tradeable on exchanges. The coins will become more valuable as Calvaria adds features to them. Players receive tokens as rewards for winning tournaments and highly-active gameplay.

The game requires players to use strategy to defeat opponents by playing their cards, representing characters with unique strengths. Players can strengthen their cards by collecting unique ones, receiving power-ups and other resources.

The Calvaria whitepaper details the game's tokens and features, providing key benefits. The lowest Calvaria crypto prices are available now, during the first stage of the presale.

Calvaria Presale Overview 

Total Supply: 1 Billion RIA

Presale: 300 Million RIA

Stage 11 USDT = 100 RIAPrice: $0.01
Stage 21 USDT = 66.67 RIAPrice: $0.015
Stage 31 USDT = 50 RIAPrice: $0.02
Stage 41 USDT = 40 RIAPrice: $0.025
Stage 51 USDT = 33.33 RIAPrice: $0.03
Stage 61 USDT = 28.57 RIAPrice: $0.035
Stage 71 USDT = 25 RIAPrice: $0.04
Stage 81 USDT = 22.22 RIAPrice: $0.045
Stage 91 USDT = 20 RIAPrice: $0.05
Stage 101 USDT = 18.18 RIAPrice: $0.055

Buy Calvaria Tokens

5. Tamadoge (TAMA) - Top Penny Cryptocurrency that has Pumped since Listing

Tamadoge is another of the best penny cryptos to invest having seen massive gains from its presale price and sitting in the top 5 of meme coins by volume since launch.

Currently trading at around $0.03, TAMA looks set for another break out in the coming weeks with more big exchange listings believed to be in the pipeline.

A sign of a crypto under a penny that will explode is having a highly successful beta and presale phase - finding the best crypto presales can be a great way to maximize gains.

TAMA raised $19 million in less than eight weeks despite general bear market conditions. This penny cryptocurrency has already accrued a strong community of followers called the Tamadoge Army and on Twitter alone has already more than 80,000 followers, giving it the potential for meme coin ROI.

In the Tamaverse, which includes NFT ownership and play-to-earn gaming, players will be able to mint and breed their very own Tamadoge pet.

Players will be able to train and take their Tamadoge NFTs to battle to try and rise to the top of the scoreboard each month. As part of Tamadoge’s roadmap, P2E games will eventually incorporate augmented reality (AR) activities.

Players will have a variety of opportunities to earn digital tokens on the platform, with the Tamadoge AR app set to be released in Q4 2023. Not only will this allow pet NFTs to interact with their Tamaverse buddies, but they can also go hunting for TAMA tokens.

The Ultra Rare Pet NFT collection also launched in October to massive hype, becoming the top trending collection on OpenSea after seeing 250 ETH in volume in 24hrs.

Tamadoge has recently been listed on Gate - the fifth-largest exchange by volume - and is expected to list on other exchanges soon.

Follow the official Telegram and Twitter pages for more of the latest news from the project.

Buy TAMA on OKX

6. Battle Infinity (IBAT) - Blockchain Gaming Platform With Metaverse

Another penny crypto project bringing together the P2E and metaverse industries is the highly intriguing ecosystem, Battle Infinity. The token used for in-game purchases, rewards, and other utilities is IBAT.

Some market commentators argue that IBAT is another crypto under a penny that will explode. The Battle Infinity presale was among the best ICOs of 2022 and hit its hard cap goal of 16,500 BNB (about $5 million) in just 24 days.

Early listings have already seen the price spike by 200% from the presale price.

At the time of writing, investors can buy this penny crypto on a number of DEXs and CEXs for under a penny, with more listings in the pipeline in the near future.

The overall objective was to develop a complete P2E gaming environment, while also including a number of utility-focused features - Battle Infinity has thus far accomplished this and is one of the best new cryptocurrency projects in the space.

The Battle Infinity ecosystem is made up of six distinct platforms, each with a specific purpose. This makes IBAT one of the most promising penny cryptocurrencies of 2022.

For a start, the NFT-based P2E fantasy sports game the IBAT Premier League is interconnected with the metaverse. This allows players to create their own team of athletes to compete with others to climb up the leaderboard.

The cricket P2E game is based on the Indian Premier League. The developers will also introduce basketball, baseball, hockey, football (soccer), and more as time goes on.

Players may purchase and trade different NFTs, such as athletes and game characters, at the Battle Games store. Moreover, using the specialist platform Battle Staking, investors can earn on cryptocurrency holdings.

Additionally, investors will discover a variety of NFTs, such as artwork, in-game products, and more on the Battle Market. Meanwhile, the Battle Arena is a fully realized metaverse setting and is a stand-out feature of the platform.

Battle Swap is the name of the decentralized marketplace within the ecosystem. Here, investors may directly purchase IBAT tokens and exchange rewards for other currencies.

Visit Battle Infinity

7. The Hideaways - Crypto Project Bridging Blockchain with Real Estate

If you’re looking for a cryptocurrency with low risk exposure, but the potential to do 100X then the  HDWY will make a great buy this year. This is a coin you don’t wnat to miss out on this year, it is the native token of The Hideaways — the world’s first platform to allow anyone to invest in a fully-managed, global portfolio of luxury properties. 

The Hideaways decentralizes the real estate market through NFTs backed by luxury properties. The NFTs are fractionalized and made available to investors for a price starting from $100. The system goes a long way in lowering the financial and geographical barriers to the traditional real estate market. 

You need not go through the paperwork and hassles that come with real estate ownership and registration. You can trade the assets on the NFT marketplaces like you’d trade stock or crypto assets. Tokenization also helps users track the historical price data of the properties in a few clicks. You can shortlist your favorite properties from the platform and sign up for price alerts to make on-time decisions. 

Other key features of The Hideaways include:

  • Passive rental income from NFTs throughout the year
  • Passive income from staking HDWY tokens
  • Community-guided investment strategy 
  • Club Hideaway membership for NFT owners. It comes with perks like monthly prize draws, discounted access to worldwide travel experiences, lounge access, the opportunity to win all-inclusive holidays to a portfolio property, and more. 
  • VIP Memberships, on the other hand, bring tiered benefits like a global concierge, access to first-class lounges, exclusive club memberships, and more.

You can now buy HDWY tokens for a discounted price from the website. The presale is the cheapest way into the project, as the token is predicted to climb 5-10X on exchange listing. 

And as the roadmap unfolds with new exchange listings and NFT launches, the token price will go up by a lot. The fact that you get around 20% passive income, can own luxury property, and it’s addressing a $230 trillion market gives it massive potential. 

Visit The Hideaways Now 

8. Lucky Block (LBLOCK) - NFT Competitions Project with Giveaways

The NFT competitions project Lucky Block has had tremendous growth since its early 2022 launch. It’s ranked as one of the best cryptos under $1 with potential and its presale sold out well ahead of time.

The project offers unrivalled prizes in the space with $1 million of Bitcoin, a $300,000 Lamborghini, a $1 million house and a Bored Ape Yacht Club NFT currently up for grabs.

Investors get access to a number of contests and rewards through the platform by purchasing Lucky Block NFTs. There will only ever be 10,000 Lucky Block NFTs produced and only a select number are rare collectibles.

In addition, participants have the chance to win actual prizes and are automatically admitted to the Platinum Rollers Club if they own NFTs. Those new to NFTs should read our full NFT beginner's guide.

The native token LBLOCK just had a V2 update, meaning it is now on the Ethereum blockchain and more easily listed on centralized exchanges - a bridge was also announced to allow holders of V1 to trade in for the V2 coin.

Visit Lucky Block

9. Ripple (XRP) - Large-Cap Enterprise Blockchain and Crypto Solutions Provider

Ripple is a firm favorite among those who favor penny cryptocurrencies. Moreover, XRP tokens rank among the top ten cryptocurrencies on CoinMarketCap.

This penny crypto was created with the goal of transferring transactions from closed systems controlled by financial institutions to a more open system while drastically reducing costs.

The goal of RippleNet, the blockchain infrastructure built by the company, is to offer access to speedy, affordable, and straightforward cross-border transactions. 100 billion XRP tokens were pre-mined at launch.

In 2022, Ripple partnered with Fomo Pay, a well-known payments company located in Singapore. Through the partnership, Ripple's crypto-enabled business technology will be used by Fomo Pay to increase its international treasury flows.

At the time of writing this best penny crypto guide, Ripple has a market capitalization of over $17 billion, and XRP tokens are trading at almost $0.35. Traders can buy XRP on the best crypto apps such as the eToro Money app.  

Buy XRP on eToro

Cryptoassets are highly volatile and unregulated. No consumer protection. Tax on profits may apply. 

10. Cardano (ADA) - Proof-of-Stake Network With Staking Pools

Cardano is a decentralized proof-of-stake network and one of the most potent challengers to Ethereum. Despite being a top 10 cryptocurrency with a market valuation of over $15 billion at the time of writing, ADA is among the best crypto to buy under a penny.

With its Alonzo upgrade in 2021, Cardano put smart contract support into place. In contrast to other blockchains, the Cardano network requires peer approval for all applications and protocols before they can be implemented.

Moreover, there are various other use cases for ADA. For example, investors can take part in the staking and validation process. They also have the option of operating or owning a stake pool.

Trusted server nodes have the task of verifying transactions. The Cardano platform allows investors to manage numerous assets. They can also develop NFTs and smart contracts. Cardano is also one of the most energy-efficient cryptos on the market.

75% of the total coin supply has been mined at the time of writing and ADA is trading at approximately $0.46.

Buy ADA on eToro

Cryptoassets are highly volatile and unregulated. No consumer protection. Tax on profits may apply. 

11. Tron (TRX) - Decentralized Network With DeFi, Web3, and NFT Integration

Another well-known rival of Ethereum is Tron. Instead of attempting to mimic the Ethereum ecosystem, the Tron project developed its own blockchain with an emphasis on entertainment.

Similar to Chiliz, the Tron platform gives content producers control over their creations. They may use this decentralized network to directly share their work and material with their friends and followers while earning a commission in the form of cryptocurrencies.

TRX is also among the best penny crypto coins. Tron incorporates a number of cutting-edge crypto technologies into this decentralized network. This includes NFTs, dApps, DeFi, and Web3.

As a result, it continues to get a warm reception from the community of creators. Well-known faces, such as Lindsay Lohan, have already launched NFT token sales on the Tron network. If further high-profile celebrities decide to publish content on the Tron blockchain in the future, this could bode well for the value of TRX.

The market capitalization of Tron at this time is over $6 billion and tokens are trading at almost $0.07.

Buy TRX on eToro

Cryptoassets are highly volatile and unregulated. No consumer protection. Tax on profits may apply. 

12. Cronos (CRO) - Native Token of the Ecosystem Supported by Crypto.com

Cronos is the native token for the relatively new Cronos blockchain. There is often a misconception that CRO is the native token of Crypto.com, the popular trading and staking platform. However, both Cronos and Crypto.com are separate entities.

Having said that, Crypto.com does provide resources and support to the Cronos ecosystem. That is to say, the entire suite of products on the Crypto.com platform is presently compatible with Cronos. This includes the app, main exchange, and DeFi Wallet from Crypto.com 

The DeFi staking platform even offers users interest rates of up to 14.5% on CRO tokens. Cronos discreetly introduced its Play developer tool in August 2022. The objective is to provide developers with all the required framework to create ultra-realistic images and more immersive experiences.

This offers compatibility for a variety of cutting-edge game engines, including Unreal Engine 5, which is best known for powering Fortnite. Additionally, it supports the immensely well-liked C++ programming language, which is favored by game creators.

The market capitalization at the time of writing is nearly $4 billion and CRO is trading at around $0.10.

Buy CRO on eToro

Cryptoassets are highly volatile and unregulated. No consumer protection. Tax on profits may apply. 

13. Polygon (MATIC) - Multi-Chain scaling Solution On Ethereum Network

Built in conjunction with the Ethereum blockchain, Polygon is the most valued and promising layer-2 scaling penny crypto project. Polygon aims to reduce gas fees and increase Ethereum's efficiency. It also aims to increase transaction speeds. The native token of this project is MATIC.

Polygon has launched GameSwift, which is a Web3 ecosystem focused on gaming. An increasing number of developers and companies are drawn to Polygon. These tend to be those that are working on quickly developing crypto technologies like Web3, NFTs, and DEXs.

Polygon is therefore a multi-chain scaling solution. The project is expected to expand its activities over the next few years to additional blockchains and could be a top long-term crypto project to buy. This might broaden its use cases and boost interest in MATIC tokens, ultimately driving up the price.

The market capitalization of this altcoin at the time of writing is over $6 billion and MATIC is trading at approximately $0.80.

Buy MATIC on eToro

Cryptoassets are highly volatile and unregulated. No consumer protection. Tax on profits may apply. 

14. Chiliz (CHZ) - Sports-Focussed Platform With Fan Tokens

Investors researching crypto under a penny now will no doubt have come across Chiliz. Its native token is CHZ. This penny crypto is a popular option for sports fans, enabling them to have unique experiences with their favorite teams.

Put simply, Chiliz uses blockchain technology to enable interaction between fans and their preferred sports teams via NFTs and P2E gaming. 

The project draws inspiration from the Socios (fans) of Spanish soccer teams. Whereby a yearly membership allows supporters access to a range of privileges.

This includes club voting perks and early tickets. Investors can also use the CHZ token to buy the Fan Tokens of their preferred teams. Each club that works with Chiliz is allowed to personalize the experiences that owners of their Fan Tokens have in the real world.

Holders of Fan Tokens may also have a say in choices made by the team, such as celebration songs, starting lineups, stadium naming, and even new kit designs.

At the time of writing, CHZ tokens are trading at a little over $0.20. The market capitalization at this time is over $1.4 billion.

Buy CHZ on eToro

Cryptoassets are highly volatile and unregulated. No consumer protection. Tax on profits may apply. 

Penny Cryptocurrencies Explained

All digital currencies that cost less than $1 per token are known as penny cryptocurrencies.

  • These low-cost cryptocurrencies have the potential to increase over the course of time
  • However, there is a huge risk attached when investing in any digital currency
  • It can be hard to know if crypto under a penny now will produce suitable gains later
  • This is why it’s vital that when investors learn how to buy penny cryptocurrencies, they also research a wide range of other metrics such as the project behind the token, legitimacy, and how well-received it is in its early stages

For instance, this guide found that the stand-out penny project Tamadoge has a clear roadmap ahead, and has been audited and fully checked by Solid Proof.

Another positive is that the project also seems to be proving popular in its early stages, having sold out super early in its beta sale phase within weeks.

Is it Worth Buying Penny Cryptocurrencies?

Today, we’ve reviewed the best penny cryptocurrency to buy in 2022. 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 $21,700 each. Moreover, the market capitalization of Bitcoin has since surpassed $1 trillion.

As such, 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 TAMA tokens via the presale at a cost price of just over $0.02.

Crypto Portfolio Diversity

Why stop at one penny cryptocurrency? Some investors choose to spread the risk involved with such uncertainty 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 risk involved.

Buy Dash 2 Trade

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.

Overall, we found that eToro is the best place to buy penny cryptocurrencies - here’s why:

eToro - Reputable Broker With Selection of Alternative Penny Cryptocurrencies

eToro is a long-standing online brokerage that is reputable and trusted by over 25 million traders and investors. Although crypto markets are not governed by a regulatory framework, this platform does hold a license from multiple bodies to operate.

This includes the SEC, FCA, ASIC, and CySEC. As such, this gives investors the peace of mind that they are dealing with a legitimate and professional trading platform. 

There is a small commission fee to be aware of when buying cryptocurrencies at eToro, which stands at 1% per buy or sell order.

The platform offers multiple markets, such as stocks, indices, ETFs, commodities, and forex. Stocks are commission free, as are ETFs. Unfortunately, any investors hoping to find the best crypto penny stocks to buy will not find them at eToro.

This is because cryptocurrency penny stocks are classed as OTC assets, and eToro doesn’t offer these. That said, there are many crypto assets listed at eToro. This includes large, medium, and small-cap penny cryptocurrencies.

One of this broker's stand-out passive investing features is Copy Trading. This sees the investor allocating some funds to Copy Trading and subsequently mirroring the trades of a seasoned trader.

There are many traders that focus solely on cryptocurrency trading. Another option is Smart Portfolios. This entails allocating $500 or more to a crypto-based basket of assets, thus having a ready-made portfolio as a result.

Investors can fund an eToro account for free in the US. Those located anywhere else will need to pay a small 0.5% fee. Deposit methods are inclusive of e-wallets like PayPal and Skrill, as well as ACH, wire transfers, and also credit/debit cards. Deposit minimums start from just $10.

Buy crypto on eToro

To Conclude

Throughout this guide, we've taken an in-depth look at 14 of the best penny cryptos currently available. While each project we've mentioned shows promise, one asset, in particular, could explode upon its release. 

Dash 2 Trade is an exciting new project aiming to help investors and traders improve their skills through the creation of an all-in-one crypto analytics platform. 

The project is currently in the third phase of its presale, having sold out phase 1 in just three days, meaning it could be a good idea to stock up on D2T tokens before further price increases.

Visit Dash 2 Trade Presale Now

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 best penny cryptocurrency to invest in right now is Dash 2 Trade, a project helping investors to improve their trading performance. RobotEra, IMPT and Calvaria are three more exciting presales, while Tamadoge is another top token to invest in, having made huge gains since listing on exchanges.

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. On the other hand, if the token is already listed on an exchange, the best place to buy penny cryptocurrencies is via eToro. 

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, D2T has all the markings of a blue-chip cryptocurrency and could explode following the release of the Dash 2 Trade platform.