The 16 Best Penny Cryptos To Invest In For 2024

Best Penny Cryptocurrency Coins to Buy Now in 2024

1. Poodlana (POODL) – Best Lifestyle-Inspired Solana Memecoin

1. Solciety (SLCTY) – Best Politically-inspired Memecoin

2. BitBot ($BitBot) – Best New Crypto Trading Bot

3. Memeinator (MMTR) – Best New Memecoin

7. Metacade (MCADE) – Best Web3 Community Hub

8. Polygon (MATIC) – Best Scaling Solution

9. Ripple (XRP) – Best Real World Adoption

10. Dogecoin (DOGE) – Best Bluechip Memecoin

11. Algorand (ALGO) – Best Layer 1 Penny Cryptos

12. Curve (CRV) – Best Automated Market Maker

13. Sandbox (SAND) – Best Metaverse Project Penny Cryptos

14. Pepe (PEPE) – Memecoin with Potential

15. Velodrome (VELO) – Best Lending Platform

16. 1Inch (1INCH) – Best Dex Aggregator

Comparing the Best Penny Cryptos

Our 16 Best Penny Cryptocurrency Coins To Buy Reviewed

Poodlana (POODL) – Lifestyle-Inspired Solana Memecoin

In a sea of flat dog-inspired memecoins with no edge, Poodlana stands out as the creme de la creme of lifestyle, fashion, and class by redefining what it means to be fabulous in the digital age.

Why invest in POODL?

According to a news report from Coindesk, 80% of memecoins’ price growth occurs during Asian trading hours, making the Asian market vital to their success.

POODL is inspired by the Poodle dog breed, the third most popular breed in the Asian region. Considering that most of the strongest memecoins on Solana are tied to real-world narratives, the project can create a strong narrative by keying into the region’s love for the Poodle breed.

Crypto ranking data shows that memecoins popular in Asia tend to perform well globally and reach million-dollar market capitalisations. Some examples are Peipei ($78 million market cap), Biaoqing ($12.97 million market cap), and KFC ($195 million market cap).

By differentiating itself as a high-class memecoin for the fashion elite based on a popular dog breed, POODL can lock into a popular narrative and achieve breakout growth.

Risks in investing in POODL

Most memecoins that try to start (or key into) a popular narrative eventually fail. POODL’s success relies largely on its positioning as a high-class memecoin that is a step above the rest and its fair launch. Like most memecoins, it has no utility and is a risky venture.

POODL has a total supply of 1 billion tokens, 50% of which will be offered for sale in the 30-day presale event starting on July 3rd. After the presale, the token will be listed on Raydium within 60 minutes of the presale close. All tokens will be unlocked and hit the market simultaneously, making the next 30 days the only time investors can get their hands on the token before launch.

To participate in the presale, visit the Poodlana website.

Solciety ($SLCTY) – Best Politically-inspired Memecoin

Solciety is a memecoin project pushing beyond the norm to create a community for all degens. The coin leans into the PolitiFi narrative by presenting itself as an on-chain political party for all memecoin lovers focused on gains, not policies.

Why invest in Solciety?

Memecoins thrive on attention and are built around narratives—the more relevant the theme, the more attention the memecoin garners. Politics is a prominent narrative this year as US elections approach, and Solciety being the first memecoin heralding the political party meta, enjoys first mover advantage.

The project stands on the proven success of Political tokens like Donald Tremp and Joe Boden but differs from them in that it does not lean toward one party but creates a community for everyone.

Furthermore, the project is built on Solana and enjoys the network’s speed, scalability, and growing user base.

Risks in Investing in SLCTY

Like all memecoins, SLCTY risks performing admirably or failing spectacularly. Investors also risk a lack of longevity as most memecoins lose the greater part of their values after the hype around their narrative dies down.

SLCTY’s presale launched on 18 June, and will run for 30 days offering 3 billion tokens to early investors. Visit the Solciety website to participate in the presales.

Bitbot (BITBOT) – Best Crypto Trading Bot

Bitbot is a crypto trading bot that allows you to trade cryptos on-chain using simple text instructions on Telegram. The bot is part of a rising trend of people using bots with instant execution speeds to keep up with institutional traders.

These bots are usually integrated with the Telegram messaging platform, allowing users to control their trading activities using simple commands. Because of their ease, efficiency, and speed, traders can use them to uncover and buy tokens before they launch on major exchanges.

Why invest in Bitbot?

Bitbot offers features that place it ahead of other trading bots. The most pertinent is its emphasis on decentralization. Most Telegram bots hold on to their users’ private keys, creating an attack vector.

We saw this happen with popular bots like Unibot which was hacked in October 2023. The attacker could drain funds from connected wallets because the platform stored its users’ private keys.

Bitbot uses a completely decentralized structure to ensure users are always in charge of their tokens.

Risks in investing in Bitbot

While the bot has utility, the success of its token depends on the company’s ability to attract and retain users, which is usually easier to accomplish during a bull market than a bearish one.

2024 is expected to be bullish thanks to Bitcoin’s halving, however, interest beyond the bull season is yet to be determined.

Bitbot has a total supply of 1 billion tokens, 30% of which will be sold in an upcoming presale event. This presale includes a competition that will reward participants with up to $100,000. To stay current on the presale, visit the Bitbot website.

Memeinator (MMTR) – Best New Memecoin

Memeinator is a memecoin with a twist. While other memecoins adopt an animal theme, either a dog or frog, Memeinator has chosen to adopt themes from the wildly popular Terminator series. It features terminator dogs that have traveled back in time to dominate the meme market.

Why invest in Memeinator?

In the memecoin space, virality is the difference between success and failure. Memeinator has employed innovative marketing strategies, an engaging story, and an upcoming suite of products to keep its growing community engaged.

Despite the uncertainty of the memecoin space, Memeinator has displayed the potential to create a community of loyal supporters by offering innovative rewards. One of which is a trip to space on the Virgin Galactic, worth a whopping $250,000.

In the future, the MMTR token will be the key to unlocking the ecosystem which will include exclusive NFTs and an action game.

Risks in investing in Memeinator

Big plans and hype are common tools that memecoins employ to get people onboard, and while Memeinator is making strides, it is still untested. Most memecoins fail, and there is a possibility that Memeinator will as well.

MMTR has a maximum supply of 1 billion tokens, 62.5% of which is on offer in the presale which is currently ongoing. This is suitable as most of the supply will be in the hands of the public, making it less prone to manipulation.

To join the presale, head over to the Memeinator site.

Metacade (MCADE) – Best Web3 Community Hub

Metacade is a hub for all stakeholders within the Web3 cryptos gaming ecosystem, from builders to players, creatives, testers, and thought leaders. While the project is still new, it is slowly growing to be the go-to place for crypto gaming platform gamers to congregate.

Crypto games hubs and communities are not a new idea, and they are not novel to Matacade, however, we like how this particular project strives to provide a holistic experience.

While they have very little control over the games themselves, they strive to integrate only high-quality blockchain crypto games.

Why invest in Metacade?

Metacade has the potential to grow into a thriving community and DAO with various features, like leaderboards that track the top players across various games.

Several of Metacade’s current features already place it ahead of other hubs. For example, you can access reviews from peers on games so you know which games are good and which need work. You can also see the top gaming cryptos so you know what games people think are popular and rewarding for token holders.

Risks in investing in Metacade

Achieving the integrations that Metacade aims for is a technological challenge. While it is not impossible, it may take a while to implement, implying that the holistic experience may be somewhat delayed.

If another project achieves this before they do, Metacade may be forced to struggle for market share with more established projects as one of the top penny cryptos.

The Metacade platform is powered by the MCADE token which was recently launched. It has a total supply of 2 billion tokens and trades at $0.02 as of writing at a fully diluted valuation of $41 million.

You can buy Metacade here.

Polygon (MATIC) – Best Scaling Solution

Polygon is a layer 2 network that runs parallel to Ethereum. It helps speed up the Ethereum network by moving transactions that would have otherwise clogged up the network to its own chain, processing them, and then adding the transaction record to the Ethereum chain.

Polygon is what we call a sidechain, meaning that it works in tandem with a main chain, Ethereum, to help it (the main chain) maintain scalability. Polygon is currently the leading ETH sidechain.

Why invest in Polygon?

Polygon is the fifth largest smart contracts platform with $990 million worth of assets on-chain (discounting its native token). It has several partnerships with popular brands such as Prada and Disney, and will most probably be their choice for Web3 adoption.

The network’s tokenomics are also a plus as there are a total of 10 billion tokens, 9.2 billion of which are already in circulation at a market capitalisation of $8.1billion as of writing.

Furthermore, Polygon is at the forefront of growing trends in the crypto industry. A good example is the rise of ZkEVM chains that offer high throughput and high security. Polygon recently launched a ZkEVM chain, Polygon ZkEVM, that utilizes zero-knowledge proof technology.

This new chain will be powered by the same MATIC tokens that are used on the main chain, creating more use cases for the token.

Risks in investing in Polygon

Polygon has a lot of competition in both the scaling and zk-rollup space. As it stands, Arbitrum is the largest and most active layer 2 network, while zkSync Era is the most anticipated zk-rollup solution. The project has its work cut out for it.

You can buy Polygon on exchanges like Coinbase. Alternatively, you can read our Polygon review to learn more.

Ripple (XRP) – Best Real World Adoption

Ripple is a platform that helps businesses and institutions manage the way they tokenize and move value between places, stakeholders, and markets. Its most popular product is its global payments network that enables instant cross-border settlements, allowing firms to move value across space.

We must mention that the company has been embroiled in a case against the US SEC where it faces charges of offering unregistered securities, vis-a-vis its XRP tokens, to US citizens. The token fell significantly in 2020 as it was delisted from several US exchanges.

Why invest in Ripple?

Despite its court case, Ripple still delivers tremendous value to its clients as its service offerings are engaged by real-world institutions.

The company behind the crypto, called Ripple Labs, recently acquired Metaco, a crypto custody firm, as it expands its suite of services. This is in addition to its CBDC platform that will enable companies and governments to issue and manage their own digital currencies.

Risks in investing in Ripple

Ripple’s case is one that has dragged on for two years, and while there is optimism for Ripple’s victory, nothing is set in stone. Furthermore, banks are developing their own networks for managing digital assets which will inevitably rival Ripple’s offerings.

XRP has a total token supply of 100 billion tokens, 51 billion of which are in circulation at a market capitalization of $23 billion. This trades at $0.46 as of writing with 52-week highs and lows of $0.54 in March 2023 and $0.30 in June 2022, making it a front-runner for the best penny cryptocurrency.

You can buy Ripple on crypto brokers like eToro.

Dogecoin (DOGE) – Best Blue Chip Memecoin

Dogecoin is a meme coin that started out as a joke but has grown to be much more. It is the first meme coin ever created and is based on a modified version of Bitcoin’s code. It is currently the go to meme coin in the crypto industry, and their virality could present opportunities for gains.

Why invest in Dogecoin?

Of all the meme coins, Dogecoin is the one that has attracted institutional interest. It is built on its own blockchain and can be used as a payment medium, like Bitcoin.

Also, Twitter CEO, Elon Musk has taken a liking to the native coin DOGE over the last three years. He made it a recognized payment option for merchandise on the Tesla and SpaceX stores, and even changed the Twitter logo to Dogecoin for a brief period in April 2023.

Furthermore, Dogecoin developers have been able to develop a token standard to allow utility tokens to be created on the Dogecoin blockchain. This could expand the coin’s use case and be a catalyst for growth.

Risks in investing in Dogecoin

Dogecoin has a theoretically infinite coin supply, which is not great for long term value accrual. Secondly, despite the popularity of meme coin offerings, they are still novelties that lose their luster in bear markets.

DOGE has a circulating token supply of 139 billion coins at a market capitalization of $9 billion. It trades at $0.07 as of writing with 52-week highs and lows of $0.14 in November 2022 and $0.05 in June 2022.

Learn more about DOGE by reading our Dogecoin review or buy DOGE on brokers like eToro.

Algorand (ALGO) – Best Layer 1 Penny Cryptos

Algorand is a hidden gem because it is not as popular as other layer 1s like Ethereum or famous “Ethereum Killers” like Solana. However, this blockchain network holds boundless potential for decentralized applications.

We were impressed by Algorand’s technology stack. It is an institutional grade network that achieves finality in under 4 seconds. For comparison, Ethereum takes 15 minutes to achieve finality.

Why invest in Algorand?

Algorand has solid technology backing it and is home to numerous innovative applications.

We also noticed that a good chunk of the projects building on Algorand are real world companies that use blockchain components to enhance their services. For example, a project called Realio allows users to access real-world private equity opportunities and invest in them using cryptocurrencies.

Risks in investing in Algorand

The most pertinent risk is that that the SEC mentioned Algorand as one of the cryptos it considers a security, implying that the project may be forced to find ways to become more decentralized or not be allowed in the US market.

ALGO has a total token supply of 10 billion coins, 7.2 billion of which are already in circulation at a market capitalization of $1.15 billion. It trades at $0.15 as of writing with 52-week highs of $0.42 in November 2022. It is at a yearly low as of writing, a good time to buy penny crypto and invest in it.

Learn more about Algorand by reading our Algorand review or buy ALGO on exchanges like Binance.

Curve (CRV) – Best Automated Market Maker

Curve is an automated market maker that is known for low fees and minimal slippage. An AMM is the crypto equivalent of a regular market maker. Market Makers ensure that there is enough liquidity in the markets to facilitate instant trades.

In traditional finance, there are banks and financial institutions that place orders on both sides of the order book to ensure that the market moves and has enough depth to minimize price impact. Since there are no banks in crypto, these AMMs are governed by algorithms.

When you swap tokens, you interact with an AMM that determines how many units of token B is equivalent to a specified volume of token A at market prices. The algorithm then executes the trade.

Why invest in Curve?

Curve is one of the biggest AMMs in crypto because it is one of the best. Its model eliminates unnecessary fees and slippage, making it one of the cheapest and most efficient.

As such, it has some of the largest liquidity pools in crypto, like the ETH-stETH pool which has a TLV of $1.19 billion. As such, several protocols build liquidity pools for their projects on Curve.

Risks in investing in Curve

Curve is vital to DeFi as it serves as a liquidity layer for various projects. Its DAO structure allows holders to vote which pools get the most rewards. As such, situations could arise where various players accumulate CRV to get the power to determine which pools get the most rewards.

Essentially, investors can be incentivized to add liquidity to certain pools and pull liquidity from others. When misused, the results can be disastrous, case in point, Luna.

CRV has a total supply of 3.3 billion tokens, 819 million of which are in circulation at a market cap of $677 million. As one of the top penny crypto, it trades at $0.82 as of writing with 52-week highs and lows of $1.54 in July 2022 and $0.50 in November 2022.

You can buy CRV on exchanges like Binance.

Sandbox (SAND) – Best Metaverse Project Penny Cryptos

Sandbox is an open-world Minecraft-style Metaverse that serves as an environment for the creation and exploration of games, worlds, and experiences. You can buy virtual land in the Metaverse and build whatever your mind can imagine.

Using the in-built game builder, creators can design, mint, and deploy NFTs, charge entry for their experiences, and even make money from listing their items on the native marketplace to generate huge returns.

Why invest in Sandbox?

Sandbox is one of the leading top metaverse crypto projects that has secured partnerships from various brands looking to create a footprint in Web3. Game makers like Atari, television shows like The Walking Dead, and even artists like Snoop Dog have acquired significant digital real estate on this top penny cryptocurrency platform, making it a good token for investors looking to broaden their crypto portfolio.

The platform’s native token, SAND, has also been integrated with the ecosystem to capture and transport value. For example, you need to buy the penny crypto SAND to mint, list, and buy NFTs on the marketplace, aside from land which is sold in ETH.

Risks in investing in Sandbox

Sandbox has some serious competition in the Otherside Metaverse. Both projects have secured partnerships with popular brands, however, Otherside has hype on its side. If it emerges as the top Metaverse project at the next bull run, Sandbox will need to work hard to keep up.

SAND has a total token supply of 3 billion tokens, 1.8 billion of which are already in circulation at a market cap of $938 million. It trades at $0.5 as of writing with 52-week highs and lows of $1.46 in June 2022 and $0.38 in January 2023.

You can buy SAND on low fee exchanges like eToro.

Pepe (PEPE) – Memecoin With Potential

Pepe is a meme coin that has grown tremendously within a short time. It launched in April 2023 and quickly reached a market capitalization of $1 billion in roughly 21 days. While its market capitalization has since fallen to $604 million as of writing, we believe this coin still has juice.

The premise of Pepe is simple: to be the most memorable meme coin by adopting one of the most memorable memes in crypto, Pepe the Frog.

Why invest in Pepe?

Memecoin investments rarely grow beyond a love for community and the possibility of outsized gains within a short period, and the narrative holds true even now for this top penny cryptocurrency. However, Pepe possesses some qualities that make it more attractive than the average meme coin.

Firstly, all PEPE tokens were launched at the same time. There were no presales or buy/sell tax, and liquidity provider tokens were burned, meaning that the developers could not withdraw liquidity from the token’s liquidity pool, eliminating the threat of a rug pull.

Although many of the initial holders are taking profits, as of writing, there is still interest in PEPE as a potential replacement for Dogecoin. While we do not think this will happen soon, any attempt COULD translate to profit for PEPE holders.

Risks in investing in Pepe

Pepe has no value proposition whatsoever for the cryptocurrency market. Investors can sell to fan tokens investors as easily as they bought when a new fancy token gets their attention.

PEPE has a total supply of 420 trillion tokens, all of which are in circulation.

You can buy PEPE on exchanges like Binance.

Velodrome (VELO) – Best Lending Platform

Velodrome is a decentralized exchange on the Optimism network. It offers swaps with menial slippage and managed price impact by routing trades through the various pools within its protocol.

Velodrome is a relatively new protocol on a growing network with significant growth potential. Despite it being a new penny crypto offering, it already houses 580 liquidity pools containing popular coins and even several derivatives.

Why invest in Velodrome?

Velodrome is the largest protocol on the Optimism network with $236 million worth of assets locked in its smart contracts, discounting its native token. Being the major Dex means that a majority of DeFI apps will integrate with and rely on it for their operations.

Furthermore about what makes this one of the best crypto penny stocks,is that its liquidity pools house various tokens and coins that are vital to DeFi activities (like USDT and USDC) and are derivatives of other on-chain protocols. This allows the Dex to route trades through derivatives, powering cheaper trade execution.

Risks in investing in Velodrome

Velodrome is not one of the more popular decentralized exchanges despite being the largest on Optimism, and this may be traced to the network itself. While Optimism is built on sound technology, investors and developers are seemingly more interested in other networks like Arbitrum, zkSync Era, and even Polygon.

VELO has a total supply of 1 billion tokens, 266 million of which are already in circulation at a market cap of $21 million. It trades at $0.08 as of writing with 52-week highs and lows of $0.24 in February 2023 and $0.007 in June 2022.

You can buy VELO on exchanges like OKX.

1Inch (1INCH) – Best Dex Aggregator

1Inch is a decentralized exchange aggregator that pulls exchange rates from different liquidity pools across various AMMs and then selects the cheapest rate or calculates the cheapest route.

Why invest in 1Inch?

1Inch is one of the biggest and most valuable aggregators in crypto with access to 383 liquidity sources and a user base of 4.5 million wallets.

While liquidity aggregation is its primary function, 1Inch offers more to crypto users like its DeFi wallet that grants easy access to all of its offerings and its decentralized exchange limit order protocol that allows users set limit orders by recording them offline and then executing them when price reaches the set levels.

Lastly, 1Inch is multichain as its dapp can be accessed from 10 blockchain networks including Ethereum, Binance Smart Chain, Arbitrum, Aurora, and even the recently launched ZkSync Era.

Risks in investing in 1Inch

While 1Inch may be around for a while, it may not soar like the more popular DeFi applications. There are other aggregators out there, like Odos which allows users to swap between any two tokens by routing through multiple pools for a small cost.

1Inch has a total supply of 1.5 billion tokens, 817 million of which are in circulation at a market capitalization of $321 million. It trades at $0.39 as of writing with a 52-week high of $1.00 in May 2022. It is at its 52-week low as of writing.

You can buy 1Inch on exchanges like eToro.

What is a Penny Crypto?

A Penny crypto is any cryptocurrency that trades below $1. The point of penny cryptocurrencies is that they are cheap enough for anyone to buy without committing significant funds. Volume is key here as the goal for crypto investors is to accumulate a high enough number of crypto penny stocks to profit significantly from small price changes.

However, volume is not always the play as a penny crypto can grow to become valuable. In cases like this, the earlier that you buy the best cheap cryptos, the more profit you can realize.

How are the Prices Determined for a Penny Crypto?

Prices are determined for a penny crypto project the same way they are determined for all cryptos, by forces of demand and supply in the crypto market.

However, some penny cryptos have a caveat that their blue-chip counterparts do not have, depth, otherwise called liquidity. For example, it takes roughly $80 million to move Bitcoin’s price by 1%, according to analysts, meaning that it would take significant amounts of capital for price discovery.

Penny cryptocurrencies do not require as much volume to reach new highs (or lows), creating opportunities for easier price discovery amongst crypto investors.

Why Should You Invest in Penny Cryptocurrency?

Cheap

The most appealing reason to buy the best penny cryptocurrency coins is price. Penny crypto coins are cheap and therefore have a low (almost non-existent, in some cases) barrier to entry for future token holders.

Cheap prices also help with diversification as it is less expensive to acquire significant units of multiple crypto penny stocks than several blue-chip ones.

Potential Upside

Possibly the second most appealing reason to buy the best penny crypto coins is the potential upside. Penny crypto-assets do not require as much capital to drive their native token price skyward as blue chip cryptos.

There is a caveat to this, however, as not all penny cryptocurrencies will rise astronomically. The reason is revealed in their market capitalization.

Market capitalization is the market value of all tokens in circulation. It is determined by multiplying price by the circulating supply in the crypto market. Penny crypto with low market caps (below $1 million) can rise astronomically in the penny crypto market, however, some penny cryptocurrencies already have large market capitalizations.

A good example is Ripple, which trades at a token price of $0.46 as of writing but has a market capitalization of $23 billion. While there is still potential for price appreciation, we do not expect 10x or 100x gains simply because its market cap is already quite large. It is unlikely it will rise to $230 billion or $2.3 trillion anytime soon.

Volatility

Crypto traders love volatility as it provides opportunities to make gains. Penny cryptocurrencies are small enough to move erratically within short periods, far more than blue chip cryptos.

For example, you’d hardly see Bitcoin move 10% (in any direction) within 24 hours, unless something major rocks the entire industry and crypto market. However, a penny crypto like SuperFarm which has a market cap of $52 million can make those types of erratic moves.

How to Choose the Best Penny Crypto to Add to Your Portfolio

• Gauge the value offering: Because you want to add promising penny cryptocurrencies to invest in to your portfolio (i.e. invest, not trade), you need to focus on projects that have sustainable value propositions. Do this by asking: will their solution be needed three years from now?
• Join presales: Presales present an opportunity to buy top penny cryptos at a discount to their listing prices. For some or the best penny cryptocurrencies, this could mean a few extra billion tokens, which could be the difference between $1,000 and $10,000.
• Gauge developer activity: The more developers you have using or building penny cryptocurrency products, the higher the chances that one of them builds a product that everyday people will want to use. Crypto is still in its early, technical stages, so developers need to like the projects you wish to invest in.

Risks Involved With Investing in Penny Cryptocurrency?

With all investments, there are risks, and even more with penny cryptocurrencies that are volatile and largely untested.

The most potent risk is a rug pull, where the developers abscond with monies that investors have sunk into a project, usually by purchasing cryptos from a liquidity pool. In this case, investors are left holding worthless coins while the developers run away with the valuable crypto.

The next risk is that the project simply fails. Most penny cryptocurrency projects don’t make it. The penny crypto projects that do usually have millions of dollars of VC funding and team members that have connections. The developers of penny crypto projects don’t usually have these and as such have less chances of success in the crypto markets.

Two Main Strategies of Investors in Penny Cryptos

There are several strategies that you can use to choose the best penny cryptocurrency to invest in. We’ll cover two of them.

The first is microcap hunting. Micro cap cryptos are tokens that have a market capitalization below $1 million. Some go as low as $45,000. Micro caps give an opportunity for tremendous growth as moderate buying power can push a $45,000 market cap to $100,000 or $200,000, depending on the crypto assets supply.

Microcap hunting also gives you the opportunity to vet a token before investing in it. You can check if there are buy/sell taxes placed on a penny crypto by the developers, if the developers can withdraw the liquidity from pools at any time, and the security ratings of the smart contracts.

You can also gauge community involvement after token launch and even wait for initial sell offs from presale participants and token holders before buying in. If everything checks out, you may have a gem on your hands.

The second way is to get in on the best crypto presales. Presales are events where projects offer a portion of their total supply to early buyers at a discount to the listing price to encourage participation and raise funds for development.

Usually, presale participants get their tokens at launch and can sell at the listing price for a profit.

You can get in on presales, however, it is riskier than hunting for micro caps because the project could get rug pulled or dump into oblivion at launch.

How To Buy the Best Penny Cryptos

You can buy penny cryptos on cryptocurrency exchanges like eToro. This guide shows you how.

1. Open an Account

Navigate to the eToro website and click on Start Investing to open an account. Alternatively, you can download the mobile app from the Play Store/App Store and click on Sign up. Fill out the form with your full name, email address, and password.

2. Verify Your Account

Complete your profile and submit KYC documents to verify your account. You’ll need a valid government ID and proof of residence documents like a utility bill.

3. Deposit Funds

Once your account is verified, deposit funds by using any of the available payment options. Choose a convenient method and set the amount you’d like to deposit.

4. Buy Penny Cryptocurrency to Invest in

Once your account is funded, search for any of the penny cryptocurrencies mentioned in the Discover tab. An interface like the one below should load. You can then set your parameters and buy.

Where To Buy New Coins

For new coins like Piggy Bankster or Chancer, you’ll have to purchase them directly on their websites using a crypto wallet like MetaMask. This guide walks you through the process of doing that.

Step 1: Download a Wallet

We used MetaMask for this guide. Download MetaMask on your phone or laptop and create a new wallet. Ensure you keep your seed phrase safe and offline.

Step 2: Buy Some Crypto

You’ll need some ETH, USDT, SOL, or BNB to buy new coins. In the case of Piggy Bankster, you’ll need SOL. You can get some on an exchange and transfer to your wallet or use a fiat onramp like Simplex.

Step 3: Connect Wallet

Navigate to Piggy Bankster’s website and connect your wallet to join the presale. Buy PIGS using SOL. Ensure you have enough to pay for gas fees.

Step 4: Wait to claim

You’ll need to wait until the presale is over to claim your tokens.

Latest Penny Cryptos News

• Dogecoin’s Daily Transaction Reached Lifetime Highs After ‘DRC-20’ Tokens were Introduced
• PEPE’s price is showing worrisome signs as analysts believe holders are looking to sell in the short term.
• Metacade’s price soars after listing on crypto exchange MEXC as investors add the token to their portfolios.
• Alt Signals cryptocurrency presale hits $585k as investors show optimism for the coming platform.

Final Thoughts on the Best Penny Cryptocurrency to Invest in

We explored the best penny cryptocurrencies to buy for people looking to invest in cryptos with high upside potential and low prices, and chose Polygon as our overall choice because it has a healthy risk to reward ratio, is already an established project, and has room for growth.

Note that we don’t expect astronomical growth from Polygon as it already has a market capitalization of $8 billion. However, it could still grow significantly and investors can key into that.

Some other cryptos are primed for astronomical growth as their market caps are much smaller, like Metacade and Velodrome.

To start buying penny cryptos, visit our top recommended exchange, eToro.

Methodology - How We Picked the Best Penny Cryptos

The best penny cryptocurrencies covered in this guide were chosen through rigorous research. We paid attention to reputation, price, market capitalization, and growth potential.

The tokens listed are the best we found for a crypto investment in the various categories we listed them. For example, we listed Ripple as the penny crypto with real-world adoption as its payment settlement system is already being used by businesses and institutions.

Check out our why trust us and how we test pages for more information on our testing process.

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