Are you interested in the best penny crypto to buy now but don’t know where to start? Let’s help you out with that!

Penny cryptocurrencies are low-priced cryptos that are often the perfect investment for crypto newbies and investors on a budget. They are worth a fraction of a dollar, and crypto fans see them as opportunities for large gains. 

In this guide, we’ll look at the best penny cryptocurrency to invest in 2024, as well as delving into what they are, how to buy them, and the pros and cons of these penny cryptos.

Best Penny Cryptocurrency to Invest In 2024

Let’s take a quick look at some of the best penny cryptos that will explode in 2024:

  1. Pepe Unchained — Best penny cryptocurrency for only $0.008498
  2. WienerAI — New meme AI potential at $0.00073 with over 149% staking rewards
  3. PlayDoge — New P2E penny crypto coin with in-game rewards utility
  4. Shiba Shootout — Penny crypto that raised almost $4,000 in less than 24 hours
  5. Base Dawgz — The must-have gaming crypto with a phenomenal presale
  6. Mega Dice Elevating GameFi on Solana, presale priced at $0.095
  7. 99Bitcoins — A learn-to-earn token selling at $0.00114, serving as a reward system with staking opportunities
  8. Sponge V2 — A play-to-earn game and penny crypto with a strong 30,000 community
  9. Doge2014 — Crypto under 1 cent offering community rewards
  10. SpacePay — Get this revolutionary new coin for low prices while it’s in presale
  11. Race to a Billion – Penny Crypto That Will Explode and Be Part of Future Exchange Listings
  12. Bitcoin Aligo — Best crypto under a penny, blending Bitcoin into gaming
  13. Coco — Get rewarded for social media activity with $COCO
  14. Lingo — Platform fees contribute to the RWA pool that powers Lingo’s rewards ecosystem
  15. COINDEXER — Get it for just $0.00161 per token during the hot new presale
  16. BitNance — BEP-20 token that aims to revolutionize value storage on the Binance Smart Chain

A Closer Look at the Best Penny Crypto to Buy Now

Now that we’ve listed our top penny cryptocurrencies, it is time to explore them a bit more.

1. Pepe Unchained – Get the Best Penny Cryptocurrency $PEPU for Only $0.008 Now Before the Price Goes Up


best penny cryptocurrency - pepe unchained

Current price:  $0.008
Blockchain: Ethereum Layer-2

If you wonder which penny cryptocurrency to buy, consider Pepe Unchained ($PEPU). Its goal is to surpass Pepe’s success, whose value jumped by 7,000% within three weeks of its launch.

This upgraded version provides excellent speed, robust security, and impressive scalability. It offers Layer-2 technology and sidesteps all problems commonly found with Layer-1, like the high fees and slow speed. 

Investors should take advantage of this crypto under a penny, as its current price is the lowest it should get. In fact, 20% of the total supply of tokens, which is 8 billion, goes into the presale.

The other amount is allocated to marketing, staking, liquidity, chain inventory, and project finance.

Pros

  • Layer-2 technology
  • Staking rewards
  • 100x faster volume capacity than ETH

Cons

  • Its presale is still in the first phase

2. WienerAI — New Meme AI Potential at $0.000303 With Over 3400% Staking Rewards in Presale


best peny cryptocurrency - wienerai Current price: $0.00073
Blockchain: Ethereum

WienerAI is a new penny cryptocurrency that combines blockchain technology with artificial intelligence to create a cybernetic wiener dog. In value, this coin has the potential to exceed its competitors, such as Dogecoin, Shiba Inu, and Bonk.

Moreover, it is built on Ethereum, using the chain’s broad reach and strong security. 

The token’s total supply is 69 billion, of which 30% is reserved for presale, per WienerAI’s whitepaper. If you’re looking for the best crypto under a dollar, $WAI is priced at $0.00073, which will gradually increase. 

You can buy it using ETH or USDT and also earn staking perks. The moment you buy your tokens, they are automatically staked with a high APY. 

WienerAI says that using AI, it will develop modular technological upgrades to compete with the best meme coins in the market.  To learn more about the project’s updates, check its Twitter and Telegram handles. 

Pros

  • Meme coin merging innovative AI technology and blockchain
  • Early investors can enjoy high-staking rewards
  • The presale price for it is as low as $0.00073

Cons

  • High-risk high-reward cryptocurrency
  • No info about the team

3. PlayDoge — New P2E Penny Crypto Coin With In-Game Rewards Utility


best penny cryptocurrency - playdoge

Current price: $0.0052
Blockchain: Binance Smart Chain

PlayDoge is a mobile play-to-earn (P2E) game featuring the famous Doge meme as a virtual pet. The game requires you to care for your Doge by engaging with it as you would with a real-world pet!

Currently, these tokens are available in presale for just $0.0052. However, as long as you keep your Doge happy and play mini-games, you can get $PLAY tokens for free. If you neglect your pet, the game will be reset.

Of course, the game is reminiscent of Tamagotchi. PlayDoge brings a nostalgic experience back but with a modern twist — blockchain integration. With the rise of meme coins and the growing video game market, PlayDoge combines beloved virtual pet gameplay with real-world earning potential.

PlayDoge aims to capture a significant market share in the P2E gaming space, making it a fun and profitable venture for players and investors.

Pros

  • Play through Tamagotchi-style games to earn $PLAY tokens
  • $PLAY is designed to have value both within the game and in the broader crypto market
  • Fostering engagement as players strive to maintain their pet’s happiness and health

Cons

  • Not available on ETH

4. Shiba Shootout — New Crypto Under 1 Dollar Whose Initial Price Is $0.0196 


best penny cryptocurrency - shiba shootout Current price: $0.0196
Blockchain: Ethereum

Shiba Shootout is a dog-based penny coin that runs on the Ethereum network. This coin can be described as a Wild West version of the SHIB token. That said, this project launched its presale on April 9, 2024, and in less than one day, it raised nearly $690k.

What makes this penny coin profitable? Its staking rewards system.

On that note, anyone who buys and stakes $SHIBASHOOT tokens during the presale will be able to earn staking rewards with an annual percentage yield of currently 1,465%. Staking rewards will be distributed at a rate of 125.5 $SHIBASHOOT tokens per ETH block over two years.

Shiba Shootout’s roadmap will contain 3 stages during which its developers will try to generate 100,000+ holders by listing the $SHIBASHOOT token on CoinGecko, Coinmarketcap, CEXs, and T1 exchanges.

At the time of writing, the price of the $SHIBASHOOT token is $0.0196.

Pros

  • Its initial price stands at $0.0196
  • Managed to raise nearly $4,000 in less than one day
  • Staking rewards go up to 1,465% per year

Cons

  • Its presale is still in the first phase

5. Base Dawgz — The Must-Have Gaming Penny Crypto With a Phenomenal Presale


best penny cryptocurrency - base dawgz Current price: $0.006405
Blockchain: Ethereum, Avalanche, Solana, BNB Chain, Polygon

Base Dawgz ($DAWGZ) has the potential to become the best penny crypto to buy, as the project has had an amazing presale, raising around $215,000 on the first day of the presale launch.

One of the first things about this project worth mentioning is its multichain functionality. You can manage the token on several blockchains: Ethereum, Avalanche, Solana, BNB Chain, and Polygon.

Base Dawgz uses breakthrough technologies for seamless interactions and transactions throughout the blockchains. Moreover, the team behind the project puts a strong emphasis on security, subjecting its smart contracts to rigorous audits. 

Another amazing feature is Base Dawgz’s share-to-earn option. We’re talking about its campaign Be Social for Airdrop, in which users can participate by writing and sharing content about the project, thus gaining real tokens.

Pros

  • Top-notch technology
  • Share-to-earn feature
  • Multichain functionality

Cons

  • Still in its early stages

6. Mega Dice — Elevating GameFi on Solana, Presale Penny Crypto Priced at $0.09548


best penny cryptocurrency - mega dice Current price:$0.09548
Blockchain: 
Solana

Mega Dice, an online crypto casino that offers sports betting, launched its own native token, $DICE, which can be purchased at a discounted price through Telegram. This penny crypto with a limited supply of only 420 million tokens, raised over $300K within hours of launch, thanks to its existing casino community.

Mega Dice has allocated 35% of its token supply to the presale. The $DICE token price is $0.09548, and it is one of the best cryptos under $1. However, the price will increase once 14,700,000 tokens are sold. Over 6.2 million tokens have been sold.

This platform offers early investors bonus $DICE tokens and daily rewards based on casino performance. 

This project attracts investors with its $2.25 million airdrop, which consists of three sessions. Additionally, its developers will reward selected $DICE token holders with limited edition NFTs.

Pros

  • Potential for price stability and rewards.
  • Flexible staking options and High APYs
  • Daily rewards, and priority access for early investors

Cons

  • Lack of risk information for investors

7. 99Bitcoins — A Learn-to-Earn Token Launched Serving as a Reward System


best penny cryptocurrency - 99bitcoins Current price:$0.00114
Blockchain: 
Ethereum (later BRC-20)

99Bitcoins is a promising player in the crypto world with its unique Learn-to-Earn platform. The crypto project lets users earn $99BTC rewards by completing quizzes, learning modules, and more. 

As pioneers in the Learn-to-Earn concept, 99Bitcoins is shaping the future of rewards, giving enthusiasts a chance to grow in the crypto space. 

Early birds can also take advantage of an attractive $99,999 bitcoin giveaway. Investors can delve into BRC-20 tokens, understand Bitcoin halving, and receive expert trading signals. Moreover, they can join a thriving organic community of over 700,000 members. 

The presale is currently underway, offering $99BTC tokens for $0.00114. The soft cap for the presale is $5,353,425, and the hard cap is $11,070,675. You can easily participate in the presale of this penny crypto with low supply, by making purchases through ETH or BSC. 

Pros

  • Join a community with longevity and integrity
  • Innovative learn-to-earn model with dynamic rewards
  • A $99,999 airdrop for early investors

Cons

  • It may take time to roll out all the features from the roadmap

8. Sponge V2 — Best Penny Crypto to Invest In 2024 With an Engaging P2E Game 


best penny cryptocurrency - spongev2Current price: $0.00112
Blockchain: Ethereum

If you’re wondering which penny crypto will explode, Sponge V2 might be the right answer. It is the evolved form of the $SPONGE token, targeting listings on prominent crypto exchanges like Binance and OKX.  This upgrade follows the impressive growth of the original $SPONGE meme coin, which grew from a market cap of $1 million to over $100 million in 2023. 

A major highlight of Sponge V2’s rollout is the introduction of a new racing game featuring a play-to-earn mechanism. Participation in this game requires holding $SPONGEV2 tokens, enabling players to earn more tokens through gameplay.

Currently, obtaining $SPONGEV2 tokens is possible through trading in V1 tokens. Investors who purchase V1 tokens and stake them now will receive a corresponding bonus in $SPONGEV2 tokens. This time-limited offer provides an exciting opportunity for investors to get their holdings in Sponge V2 ahead of further exchange listings.

Pros

  • A new rollout of a very successful token
  • 30k social followers in days
  • Great rewards for early investors

Cons

  • A very new penny cryptocurrency

9. Doge2014 – Crypto Under 1 Cent Offering Community Rewards


Best Penny Cryptocurrency - doge2014jpg

Current price: $0.000276
Blockchain: Ethereum

If you are looking for the cheapest cryptocurrency that will explode, Doge2014 may be the choice for you. It represents a tribute to Dogecoin’s legacy and community, celebrating its 10th anniversary. It even has the same price as 2014 Dogecoin—$0.00027.

The ongoing presale has raised $115k out of the goal of $1,174,500. Early investors can buy Doge2014 tokens now and claim them when the presale ends mid-August. 

Users are allowed to stake their tokens and earn passive rewards. They can easily integrate their EVM wallet, start staking, and get Doge2014 token rewards at 5,708 tokens per ETH block.

There is a total token supply of 100 billion, and the tokens are allocated as follows: 60% are reserved for the presale, 5% for marketing, 25% for staking, and 10% for liquidity. 

Pros

  • Community-driven initiative
  • Impressive stake-to-earn rewards
  • Easy wallet integration

Cons

  • Lower marketing budget

10. SpacePay — Get This Revolutionary New Coin for Low Prices While It’s in Presale


best penny cryptocurrency - spacepay

Current price: $0.00162
Blockchain: Ethereum

SpacePay is a payment software solution. Its goal is to facilitate crypto transactions within retail environments. On that note, this platform utilizes a decentralized terminal-agnostic payment protocol to reduce volatility risks for merchants. It’s also compatible with 325+ crypto wallets. Its key features include multiple crypto options, zero waiting times, instant settlement, and volatility protection. During 2024, SpacePay should launch on over 4.5 million devices.

With that in mind, its native token, $SPY, is a penny crypto to watch in 2024. This token has multiple use cases. Its holders will be able to use it to vote, earn a share of SpacePay’s revenue, and get early access to private features and loyalty airdrops. This is one of the reasons why this crypto penny managed to raise $750,000 from private investors.

This project is currently in its presale phase. Its total supply is 34 billion tokens, of which 20% will be distributed towards the presale. 

Pros

  • Its starting price stands at $0.00162
  • Compatible with 325+ crypto wallets
  • Will launch on more than 4.5 million devices

Cons

  • Merchants will have to pay a 0.5% transaction fee

11. Race to a Billion – Penny Crypto That Will Explode and Be Part of Future Exchange Listings


best penny cryptocurrency - race to a billion

Current price: $0.00765
Blockchain: Ethereum

If you are looking for a crypto under a penny that will explode in 2024, consider Race to a Billion. It is a decentralized platform that allows users to predict the outcomes of F1 races. It integrates the thrill of sports predictions with blockchain’s security and transparency. 

The total token supply is 2.5 billion, with a transparent and well-balanced token distribution:

  • 40% is allocated to the presale
  • 20% to staking
  • 10% to ecosystem
  • 10% to marketing
  • 10% to development
  • 10% to liquidity

Early investors can start buying tokens at one of the lowest prices ever—$0.00765. Payment methods include bank cards, USDT, ETH, and BNB. After claiming the tokens, users can use them for staking and getting rewards, keep them for future value appreciation, and participate in F1 prediction markets. The staking rewards come at an annual rate of 5,367%.

The project is the best penny crypto to buy right now on presale, which has been a success, raising over $155,000.

Pros

  • Large presale allocation
  • Excellent staking rewards
  • Transparent token distribution

Cons

  • Uncertain listing date

12. Bitcoin Aligo — Best Crypto Under a Penny Blending Bitcoin Into Gaming


best penny crypto - bitcoin aligo

Current Price: $0.0011
Blockchain: Bitcoin

If you are looking for a crypto under a penny that will explode, you’ve come to the right place. Bitcoin Aligo ($ALG) blends the creativity of modern businesses with the intricacies of blockchain technologies through gamification. 

The team behind the project promises to create a new and upgraded method of interacting with decentralized finance. 

Bitcoin Aligo combines fun elements like NFT cards to deliver a pleasurable and real ecosystem. 

The most popular game on the platform is Reality Zone. It is, in fact, Bitcoin Aligo’s primary USP. It has a fantasy backstory and social background, enabling players to earn money while playing. 

The ongoing presale offers discounted prices, and the current one is $0.0011. Moreover, 50% of the total supply of 400 billion tokens is available in the presale, which ends in 60 days. 

Pros

  • Regular Bitcoin airdrops
  • Discounted presale prices
  • First play-to-earn project that combines mining, games, and NFTs

Cons

  • Exact launch date not specified

13. Coco — Get Rewarded for Social Media Activity With $COCO


best penny cryptocurrency

Current price: $0.008920
Blockchain: BSC, Base, Ethereum

Coco is a penny cryptocurrency and an upcoming meme coin inspired by $PEPE, a token that has become a cultural phenomenon within the meme community. $PEPE’s value has jumped by 7,000% since its launch, which motivated crypto developers to use this character to profit. This is how Coco coin came into play.

The goal of this virus-looking frog is to provide a platform through which investors will be able to profit by sharing and creating meme content on their social media channels. On that note, Coco Coin uses an innovative point-based system that converts social media engagement into tokens.

For example, investors will earn 1 point per tweet, 50 points per like on a tweet, 125 points per reply on a tweet, and 250 points per retweet. That said, the Coco Coin could become the best penny crypto that will make you rich due to the FOMO effect.

To learn more about this project, check out its X (ex Twitter) profile and join its Telegram channel.

Pros

  • Innovative point-based system
  • Empowers investors to engage on social media channels to earn rewards
  • Could cause a FOMO effect
  • Integrates meme coins with social media interactions

Cons

  • Its presale has yet to start

14. Lingo — Platform Fees Contribute to the RWA Pool That Powers Lingo’s Rewards Ecosystem


best penny cryptocurrency - lingo

Current price: N/A
Blockchain: Solana and Base

Lingo is a new crypto project backed by former advisors from Binance, Google, and Kraken. It leverages gamification and real-world assets to build an RWA-powered rewards ecosystem for Web3.

Anyone who buys $LINGO tokens will receive loyalty points that can be redeemed for rewards across 3000+ brands, such as Nike, Netflix, and Spotify. Token holders will also contribute to the RWA pool. I.e., 2.5% of the platform fees will go towards Lingo’s rewards.

The $LINGO token will run on the Solana and base blockchain. It will primarily be a utility token, which will become a governance token at a later stage. This penny cryptocurrency uses the same strategy as other popular socialFi airdrop projects, like Portals, Beyond, and Param. This means that $LINGO holders will also get a chance to participate in Lingo’s airdrop campaigns.

At the time of writing, investors can get the $LINGO token by participating in Lingo’s whitelist campaign. Once its presale ends, this ERC-20 token will be listed on tier 1 CEXs and DEXs. 

Pros

  • Reward token backed by real-world assets
  • Get rewards across 3000+ brands
  • Gamified airdrop campaigns
  • The $LINGO token will be listed on tier 1 CEXs and DEXs

Cons

  • Still in its early development stage

15. COINDEXER — Get It for Just $0.00161 per Token During Hot New Presale


best penny cryptocurrency - coindexer Current price: $0.00161
Blockchain: Ethereum

$COINDEX is a penny cryptocurrency that’s suitable for those who prefer investing in crypto exchanges. With that in mind, COINDEXER is a platform that bridges the gap between decentralized and centralized trading. How? By merging the trading features of CEXs with the security features of DEXs. 

In other words, this platform provides basic trading tools, from limit and stop-loss orders to margin trading and risk management tools. It also audits its smart contracts through third parties and provides multi-signature wallets.

Its native token has a total supply of 5 billion, of which 50% will be reserved for the presale, 30% for project funds, 10% for staking, and 10% for liquidity.

The $COINDEX token is currently in the presale phase, which will take place in several rounds. Its current price stands at $0.00161. Once its presale ends, this penny crypto will get listed on major crypto exchanges, which will automatically increase its price. 

Pros

  • It bridges the gap between DEXs and CEXs by merging their trading and security features
  • 50% of its total supply will be reserved for the presale
  • Staking rewards come with an APY of 1,600%

Cons

  • Not enough information about its community expansion

16. BitNance — BEP-20 Token That Aims to Revolutionize Value Storage on the Binance Smart Chain


best penny cryptocurrency - bitnance Current price: $0.375
Blockchain: Binance Smart Chain

The $BTN token is a store-of-value coin that runs on the BNB chain. It is also unique because it uses a community-focused and governance-secured model. This means that its holders will have the main say when it comes to voting on its future development. In addition, this is a fully decentralized token, which means that its founders will not have control over its contracts.

The main goal of this project is to balance scarcity and accessibility. This is why this penny crypto has a low total supply of 10.5 million. Moreover, only 7,750,000 will be allocated for the presale, while 2,750,000 will go towards DEXs and CEXs. This token allocation model should increase demand and stimulate growth.

$BTN token is one of the best penny cryptocurrencies to invest in this year since this project could reshape the future of DeFI.

Pros

  • Fully decentralized token
  • Serves as a modern store of value
  • Aims to balance scarcity and accessibility

Cons

  • Only 2,063 tokens have been sold so far

Why Should You Invest in Penny Cryptos?

The best penny cryptocurrencies to invest in today offer unique use cases, which makes them appealing. Other penny coins are highly speculative based on social hype and volatile price histories. However, the common denominator when it comes to investing in penny cryptos is that they’re cheap.

But what are the reasons that some beginners choose to invest in penny cryptos? Let’s explore some of the motivating factors.

  • High potential for positive ROIs—The key motivating factor for investing in penny cryptos is the high ROI potential over the short and long term. While investing in new penny cryptocurrencies comes with a risk, it also provides traders with an opportunity to earn huge profits that wouldn’t be possible with longer-existing cryptocurrencies. 
  • You can buy penny crypto on a limited budget—One of the most obvious advantages of buying penny cryptocurrencies is that you don’t need a big account balance. Imagine investing in a penny crypto with 1000x potential and banking on that. That’s exactly what penny cryptos deliver. The opportunity to invest small amounts while still maintaining the chance of earning big returns.
  • Diversifying your investment portfolio – As well as the cost-effective nature of buying penny crypto, you can also minimize risk by not allocating hundreds or thousands of dollars to a single speculative asset. For example, with a $100 investment, you could create a diversified portfolio consisting of a wide range of penny cryptos. The benefit of doing this is that you can invest across a multitude of use cases with each penny crypto offering a different business plan to the other.

How to Find the Best Penny Crypto to Invest in Today?

Uncovering the next penny cryptocurrency to boom is easier said than done, which is why we’ve summarized several key methods for finding penny cryptos today.

  • Online discussion forums such as Reddit and Discord usually cover all the latest trending penny cryptos on the market. You 
  • Popular crypto YouTube channels and Telegram groups can be a great source of information when searching for penny cryptos.
  • DEXTools gives investors useful insights and information on token pairs across a range of blockchains and DeFi protocols.
  • The recently added and trending tabs on Coinmarketcap.com can be worth exploring, as most of the top new penny cryptos are listed on this site.
  • Keeping updated with the latest trends and hype on social media and reputable crypto news outlets can help keep you ahead of the game when it comes to finding the best penny crypto with 1000x potential.

Are Penny Cryptos Safe?

Everyone loves finding a bargain, and cryptos under a penny certainly appear like bargains. With cryptos like Bitcoin and Ethereum costing $26.4k and $1.8k, respectively, buying penny cryptos can be an enticing option to earn big profits in a relatively short time frame. Nevertheless, penny cryptos generally have a reputation for being incredibly volatile.

Some recent examples of penny cryptos that have seen significant price swings include Pepe coin, which has dropped by -49.34% in the last month alone, and DOGE, which has fallen by -14.82% in the last four weeks.

Earning huge profits from penny cryptos is possible, as seen in the Pepe coin example which returned a trader over $5,000,000% in profits. But typically, it’s better to spread your investments in a range of financial assets to mitigate the risks that come from extreme market volatility.

Risks Involved when Trading Penny Cryptocurrencies

Penny cryptocurrencies are very popular due to their general ability to provide huge opportunities for short-term profits compared to other well-established coins. However, this means that they come with greater risks.

Firstly, most new penny cryptos have virtually no price history that can be used for technical analysis. The majority of penny cryptos witness acute price fluctuations before plummeting in price, meaning if traders don’t time the markets right, they could end up losing more money than they put in.

Additionally, some penny cryptos fall victim to pump-and-dump schemes. These typically involve social media influencers who are paid to shape public opinion by persuading their followers to invest in a particular cryptocurrency to boost its value.

As soon as the value increases, the scammers sell their crypto holdings and pocket the profits, while the victims witness a drop in the value of their investments.

How Did We Vet and Rate These Penny-Cryptos

All the penny cryptos features in this article have been through a stringent vetting process by the market analysts over at Business2Community. All key metrics have been factored in, such as:

  • Looking into the purpose of the project, its use cases and its target market;
  • Looking into and evaluating the team behind every penny-crypto;
  • Considering every penny cryptocurrency’s transaction speed and security features;
  • Analyzing the market size and potential growth;
  • Analyzing the community behind the crypto coin, as well as looking for dApps, alliances, or network integrations;
  • Looking into regulatory compliances;
  • Understanding past performance and historical trends;
  • Understanding market sentiment and current trends;
  • Weighing potential risks, since penny cryptos can often be more volatile and riskier.

Conclusion

Identifying the best penny cryptocurrency to invest in requires careful consideration of market trends, project viability, and long-term potential. While penny cryptos offer an affordable entry into the investment world, they also come with higher risks. Always conduct thorough research and consider your risk tolerance when exploring these options.

In our view, the best penny crypto to buy right now is PlayDoge. It offers a high staking APY of over 40% to early stakers alongside an engaging P2E game.

FAQs

What is the best place to buy penny cryptos in 2024?

How do I buy penny cryptocurrencies?

Which penny crypto will reach $1?

Which penny coin will explode in 2024?