Many cryptocurrency investors have considered the best penny cryptocurrency to invest in at some point. Low-price cryptos can be defined as digital assets that cost less than $5 per token – based on equivalent SEC guidelines on equities.
In this guide, we analyze the best penny crypto to buy on a budget. We also take a closer look at how to buy the most promising penny cryptocurrencies in a few beginner friendly steps.
The 15 Best Penny Cryptocurrency to Invest In
Below, you will see a quick view list of the best penny cryptocurrencies to buy right now.
This includes everything from the best crypto under a penny that will explode to more established large-cap tokens under $5:
- Love Hate Inu – Overall Best Penny Crypto for Passive Income Potential
- Fight Out – Exciting M2E Cryptocurrency with High Upside Potential
- Metropoly – The Easiest Way to Buy Real Estate With Just $100 in 2023
- C+Charge – Undervalued Penny Crypto Rewarding EV drivers with Carbon Credits
- Swords of Blood – Best Penny Crypto in GameFi for 2023
- RobotEra – New Metaverse Penny Cryptocurrency Presale Set to Explode
- Securedverse – The Best FPS P2E Penny Cryptocurrency to Buy for 2023
- Tamadoge – Exciting Penny Crypto Pumping on Exchanges
- Battle Infinity – Best Crypto Under a Penny That Will Explode in 2023
- Lucky Block – Top Crypto Under a Penny with Crypto-Gaming Aspirations
- DeFi Coin – Best Community-Driven Penny Cryptocurrency to Invest In
- Chiliz – Best Penny Crypto for Sports and Entertainment Tokenization
- XRP – Buy Established Large-Cap Penny Crypto Under $1
- Shiba Inu – Best Penny Crypto with ‘Meme Coin’ Potential
- Cardano – Top Third-Generation and Highly Functional Penny Crypto
We would argue that each of the above-mentioned digital currencies is a worthy addition to any investor’s portfolio.
However, you’ll find further information on these penny cryptocurrencies with high potential next – to help you make an informed decision.
A Closer Look at the Top Penny Cryptocurrency to Invest in
When you invest in cryptocurrency in the US – the process is a fairly simple affair these days.
It’s selecting the right tokens that can be challenging, not to mention picking the best platform to access your chosen digital assets.
Let’s start by providing you with further information on the best penny cryptocurrency to invest in. After that, we’ll go into more detail about how and where you might complete your purchase.
1. Love Hate Inu – Overall Best Penny Crypto for Passive Income Potential
Topping our list of the best penny cryptos to buy is Love Hate Inu. This Ethereum-based project has already made waves amongst the investment community, raising over $100,000 in the first few hours of its presale. It’s clear why Love Hate Inu is attracting so much attention, as its unique ‘Vote-to-Earn’ mechanic provides limitless income opportunities.
As per Love Hate Inu’s whitepaper, the platform’s users can purchase LHINU tokens to vote on polls created by the development team or other users. These polls could be absolutely anything, allowing users to decide whether they ‘Love’ or ‘Hate’ a specific person or event.
To vote on these polls, users must stake their LHINU tokens. This essentially means they have ‘skin in the game’ and removes the possibility for poll results to be influenced by bots and scam accounts. Users will be rewarded with additional tokens by staking their LHINU and voting, thereby creating a recurring income stream!
The potential for this mechanic is endless, as it provides a quick way to gauge the community’s sentiment towards certain things, whether that be Andrew Tate or Donald Trump’s decision to run for Presidency. Brands could also partner with Love Hate Inu, enabling them to get accurate ‘market research’ regarding new products or services.
There will be a total of 100 billion LHINU tokens minted, with 90% of these tokens reserved for presale investors. This setup means the community ‘owns’ the platform, removing the chance for rug pulls or price manipulation, which is common in smaller projects.
Love Hate Inu’s presale has just kicked off, with early investors able to buy tokens for just 0.000084 USDT – a 70% discount on the future listing price! Those looking to learn more about this exciting penny crypto can join the rapidly-growing Telegram channel.
|Presale Started||March 8th|
|Purchase Methods||ETH, USDT, FIAT|
|Min Investment||10 LHINU (0.00084 USDT)|
2. Fight Out – Exciting M2E Cryptocurrency with High Upside Potential
$FGHT is the native token of Fight Out, a move to earn platform rewarding users for maintaining a healthy lifestyle. The token is currently in presale and priced at $0.02343.
Investors have limited time to buy this low-priced asset that will have only 9.5% of its total supply of tokens allocated to exchanges.
Fight Out rewards users with in-app currency REPS for completing workouts, growing the community and earning badges. Users can also use REPS reward tokens for paying their subscription to the platform or buying Fight Out merchandise or booking a remote session with a trainer.
Users can accumulate more REPS by using $FGHT tokens to buy more. Another advantage of these tokens is that they can be redeemed for access to Fight Out gyms, which will be located in major cities globally.
Fight Out enables users to customize their workouts and focus on their specialties while having access to tutorial videos showing them how exercises are performed. In the future, Fight Out will also open exclusive gyms which can be accessed by the platform members. According to the platform, the first Fight Out gym is expected to be opened in 2023.
As users increase their strengths, it gets transferred to their avatars. Users use their strong avatars to gamify the fitness experience by entering the metaverse and putting their avatars into battles against other players to earn more tokens.
Investors can receive the latest alerts about this coin via the Telegram group. More information about the project is available on the Fight Out whitepaper.
Before this token potentially takes off on exchanges, investors should buy $FGHT tokens while it’s still a penny crypto.
|Presale Started||December 14|
|Purchase Methods||ETH, USDT, Transak|
3. Metropoly – The Easiest Way to Buy Real Estate With Just $100 in 2023
Metropoly is one of the best penny cryptocurrencies to buy in 2023 because it’s created a platform that is the easiest way to buy real estate with just $100. Metropoly aims to open up the real estate market to the wider public by providing avenues to purchase real-estate-backed NFTs that generate a positive cash flow for holders.
Metropoly is the world’s first NFT marketplace that is fully backed by real estate and real-world utility. Through the NFT Marketplace, investors can start investing in their first real estate in a matter of seconds with just $100. This is achieved through fractional ownership, in which the properties are divided into tiny little individual pieces to purchase.
Owning one of the Metropoly real estate NFTs provides the holders with all of the benefits that you would expect from investing in real estate. For example, the NFT can be sold at any time on the marketplace to capitalize on the property value appreciation. Furthermore, the NFT also generates a passive cash flow for the holder. The rental income provided by the tenant is distributed proportionally among all NFT holders each month and is paid in USDT.
Holding one of the NFTs generates a passive income as the Metropoly team manage all of the properties in the portfolio. They take care of all of the property maintenance and ensure there is a tenant paying rent each month.
The great thing about Metropoly is that they have created a platform that is the easiest way to invest in real estate, without the need for paperwork, banks, or credit checks. Furthermore, there are also no geographical location restrictions for investors, so anyone from around the world can invest in properties on Metropoly. It is genuinely democratizing real estate and providing the ability for investors to diversify their portfolio’s into an asset class that the top 1% wealthiest people in the world use to grow their money.
Metropoly is currently undergoing a presale for its METRO token, which will be the utility token and rewards token on the platform. The presale is currently in the 8th stage and is selling METRO for a price of $0.05.
Overall, Metropoly is ready to totally revolutionize the real estate market. They have even released a beta version of its marketplace, which you can access on the presale page.
4. C+Charge (CCHG) – Undervalued Penny Crypto Rewarding EV drivers with Carbon Credits
With a mission to provide real-world utility and improve the environment, C+Charge is set to revolutionize the EV charging payments industry.
C+Charge has already raised over 32,000 USDT so far within just a few days of its presale launch. Buyers can still buy the tokens at a presale price of merely 0.016 USDT per token. The prices are expected to rise further as the project progresses through its presale stages.
C+Charge has redefined the EV charging ecosystem by solving critical issues in the industry. EV owners have an opportunity to earn carbon credits by simply using $CCHG for paying the charging fees.
Users can also store the C+Charge tokens and carbon credits in their crypto wallets conveniently. Moreover, the platform has created a best-in-class app for EV drivers that enables users to track their carbon credit balances. Users can also keep a track of real-time information relating to waiting times at charging stations, pricing, and so on.
The project’s app also has a geolocation feature that enables EV owners to search for the nearest charging station. Buyers should read the platform’s whitepaper to get a detailed understanding of its numerous features.
Buyers should also consider joining the platform’s Telegram channel to always stay updated.
ETH, USDT, Transak
5. Swords of Blood – Best Penny Crypto in GameFi for 2023
Swords of Blood is undoubtedly the next best penny crypto in the GameFi sector, as it’s ready to change the dynamics of play-to-earn by introducing play-to-win and play-to-own. In addition, swords of Blood is the first AAA-quality hack-and-slash RPG built on the Polygon blockchain.
The game is the latest release from Hit Box Games LLC, which bought the rights to the intellectual property for the first Web2 version of the game. The Web2 version was called Blood Bound, released by Artifex Mundi in 2019, which managed to attract over four million downloads. The game still has an active gaming community with an exceptional retention rate, and HitBox Games now has the right to introduce play-to-own and play-to-win mechanics into the Web2 game, bringing it to the Web3 realm.
The immersive hack-and-slash game is surrounded by high-quality lore set in the World of Ezura. Unfortunately, the world has experienced 1000 years of darkness after the Dragon Betrayer wiped out the Bladebound Order, who were sworn to protect the world. Fortunately, an eternal goddess resurrected the last in the lineage of the Bladebound Order to bring Ezura back to its former state.
In the game, players can become dungeon crawlers, battle mages, or powerful warriors. Players must hack and slash through the campaign mode, fight off waves of progressively difficult monsters in the Monster Hunt dungeon mode, or team up with friends to fight evil bosses in the Boss Fortress. Along the way, players can craft powerful weapons of magic and iron, which they own the rights to, master a wide variety of weapons, and build devastating attack combinations to become more powerful.
The team behind Swords of Blood is led by James Seamon, who has over 35 years in the gaming sector. They want Swords of Blood to become a gateway for traditional gamers to adopt Web3 gaming. Therefore, they plan to release Swords of Blood as a cross-platform product on mobile and desktop devices.
The project is ready to host its presale for the native token, $SWDTKN. The native token will be the main utility token in the game, with all fines, fees, and rewards being paid in $SWDTKN. Furthermore, players need to purchase the token to advance in the game and progress past certain hero levels.
The game is backed by heavyweights in the industry, such as Fundamental Labs, Solana Ventures, and Gate.io Labs.
Overall, Swords of Blood has all of the elements of a special project ready to elevate the entire GameFi space and attract a mainstream audience to blockchain-based gaming.
6. RobotEra – New Metaverse Penny Cryptocurrency with Presale Set to Explode
RobotEra is a metaverse gaming platform that aims to integrate NFT protocols and in-game earning methods by leveraging TARO as its native cryptocurrency.
Just as metaverse tokens such as The Sandbox have provided 1,000x returns during ICO (initial coin offering), RobotEra aims to achieve similar highs through the TARO presale.
Launched in November 2022, TARO is offering 270 million tokens on presale – which represents 15% of the total token supply (1.8 billion) – and has already sold more than $200,00o of tokens.
With TARO, investors can take part in RobotEra’s planet-like metaverse ecosystem as Robots.
These Robots are minted as NFTs on the Ethereum blockchain and feature a limited supply of 10,000. There are 7 different Robot NFTs – which exist on 7 continents on the Taro planet.
A player can access the ecosystem by purchasing a Robot NFT and gain access to Land NFTs, digitally created museums and mining activities to earn rewards.
Players can build on their metaverse plots of land and monetize it in a variety of ways, from selling tickets to events to selling structures and billboard space to advertisers.
An ERC-20 token, TARO can be staked to take part in the decentralized autonomous organization (DAO). The RobotEra DAO allows players to make decisions on the in-game developments and distributes power to the players of the platform.
While large cryptos like Bitcoin have corrected in 2o22, crypto presales are becoming increasingly popular due to their high-growth potential. TARO is currently on round one of its three-stage presale, trading at $0.020.
This is the best time to purchase this penny token since the price will eventually rise to $0.032 by the final trading round.
Read the RobotEra whitepaper and join the RobotEra Telegram channel to stay updated with this new penny cryptocurrency.
|Presale Started||Q4 2022|
|Purchase Methods||ETH, USDT|
|Min Investment||1,000 TARO|
7. Securedverse – The Best FPS P2E Penny Cryptocurrency to Buy for 2023
Securedverse is the best first-person shooter play-to-earn penny cryptocurrency to buy in 2023. The project currently hosts a presale for the native token, SVC, which can be purchased at a price of 0.0143 USDT in the first presale stage. The price is set to increase across multiple fundraising stages, so those buying the earliest stand to benefit the most.
SVC is the transaction and rewards token that will power the entire Securedverse ecosystem. Any trade or reward earned on Securedverse will occur through SVC. Furthermore, game players can stake their SVC into the platform to increase their earnings.
Securedverse is a highly anticipated first-person shooter game that is blockchain-based. The FPS allows players to earn rewards for increasing their skills and making more kills in the match to climb a leaderboard.
The game’s primary goal is to kill everybody on the map and become the final survivor. To be competitive, players must choose a hero to play with, all with different skills and abilities. Furthermore, players must choose the best combination of weapons to give them a competitive edge in the fight.
Securedverse is on a mission to revolutionize the P2E and GameFi space by providing a method for skilled players to earn a passive income. They also want to provide a secure, fun, and rewarding gaming experience for all players through immersive graphics, sound effects, and memorable game mechanics.
The best thing about getting involved early with SVC is that the team is highly experienced game developers. As a result, they expect the full alpha version of the game to be released as soon as the presale ends, meaning investors won’t have to wait around for Securedverse to gain traction following the presale.
8. Tamadoge – Exciting Penny Crypto Pumping on Exchanges
Another top best penny crypto asset to invest in is Tamadoge (TAMA) – the native cryptocurrency of the Tamaverse. This play-to-earn game allows users to breed and create Tamadoge pets. Users can battle each other in order to climb up monthly leaderboards and eventually earn rewards in TAMA.
On September 18, Tamadoge completed its presale round after collecting $19 million. Despite being in a bear market, the token managed to sell out its 90-day presale round in just eight weeks and the coin went on to pump on exchanges, reaching near-2,000% gains for early investors.
The penny crypto is a multi-utility token, with a maximum supply of 2 billion tokens. With TAMA, users can purchase Tamadoge NFT pets on the Tama store – the main avatars of this decentralized ecosystem.
One of the advantages of TAMA is that it is a deflationary asset. Unlike Dogecoin, which has increased its maximum supply from 100 billion to 132 billion tokens, TAMA will reduce its current supply in the long run. Whenever players purchase items from the Tama store, 5% of all Tamadoge spent is burnt. Furthermore, 30% of the tokens spent will be used for marketing purposes, while the remaining 65% is distributed among the P2E prize pools as rewards.
While 50% of the token supply was available in the presale, another 20% of TAMA has been reserved for future listings on decentralized and centralized exchanges.
According to the platform’s roadmap, Tamadoge is expected to create strategic partnerships with multiple metaverse projects in the coming years. With the Tamadoge team looking to deploy augmented reality (AR) apps and initiate website launches in the coming years, this can be one of the best penny cryptos to buy now.
It has remained in the meme coin top 10 since launch and appears primed to pump when wider market conditions improve, with Tamadoge due to see a number of major releases in its ecosystem in 2023.
9. Battle Infinity (IBAT) – Overall Best Crypto Under a Penny That Will Explode in 2023
Investors looking for another crypto under a penny should look no further than Battle Infinity. This exciting new metaverse-based ecosystem looks set to make waves in the crypto market, thanks to numerous play-to-earn (P2E) elements that offer users an opportunity to produce a regular income stream. Moreover, with NFTs also being integrated, Battle Infinity is a true ‘all-in-one’ platform – that has already been KYC-verified by CoinSniper.
A total of six components make up the Battle Infinity experience, each offering a unique way to generate income. These include a dedicated crypto staking mechanism (completed with solo/duo staking) and a built-in NFT marketplace. There’s also a ‘game store’ that will feature numerous NFT-based games, complete with their own P2E features.
Battle Infinity will also offer a unique fantasy sports league experience hosted on the blockchain and with NFT integration. Users can earn rewards through skilled gameplay denominated in $IBAT – Battle Infinity’s native token. There will be a total supply of 10 billion $IBAT, with an ‘autotax’ feature charging a small amount on each token transaction that will be used within various elements of the ecosystem.
All Battle Infinity’s components will integrate with a rich virtual world called the ‘Battle Arena’. Users can create fully customizable avatars within this world and connect with other users, providing scope to team up and tackle challenges together.
Battle Infinity is continuing to develop along its roadmap and its wider ecosystem make it a top pick for the best penny cryptocurrencies to invest in this year.
With the platform’s recently launched Telegram group already beginning to grow (remember admins will never DM you first), this crypto under a penny looks likely to garner a great deal of attention going forward.
10. Lucky Block – Top Crypto Under a Penny with Crypto-Gaming Aspirations
Lucky Block was only released in January 2022 but is shaping up to be an option for the best crypto under $1 that could explode. Let’s explain what makes this the top penny cryptocurrency for 2023.
It’s a crypto games and competitions platform where ‘everyone’s a winner’ in prize draws, using distributed ledger technologies, blockchain enables for speedier, typically immediate, transactions. Not to mention the comprehensive documentation and monitoring, regardless of the amount of prize money won in games.
Furthermore, blockchain verifies both players and tickets, lowering the risk of tampering, or destruction of data loss. The costs of running traditional prize pools are significant, which usually has an influence on the payouts and the revenue needed for distributing prizes.
It goes without saying, but if a games platform can save expenses, more money is available for technical advancements and bigger rewards – both of which benefit participants. Lucky Block will shorten prize draw durations and allow numerous games to be carried out every day, increasing players’ chances of winning, while cutting expenses.
Low margin operations will also allow players to participate in whichever of Lucky Block’s competitions match their risk appetite for greater chances. Lucky Block has also developed a non-fungible token (NFT) series, which is limited to just 10,000. As well as being one of the best new NFT projects, it should be a great addition to anyone’s trading portfolio as our top crypto under a penny that will explode.
Lucky Block is offering market-leading prizes that currently includes luxury holidays, a $300,000 Lamborghini, a $1 million house and $1 million of bitcoin.
The project also launched its V2 token – built on Ethereum and eliminating the 12% transaction fees of the V1 token – which is now listed on a number of exchanges with more to follow.
LBLOCK V1 holders can convert to V2 on October 3 when a bridge goes live, while there will also be a 1% monthly burn from September 30 to drastically cut supply and make it one of the best penny cryptocurrencies to invest in for the future.
11. DeFi Coin – Best Community-Driven Penny Cryptocurrency to Invest In
DeFi Coin is an entirely community-driven project that is easily one of the best penny cryptocurrencies to buy right now. This penny crypto was launched in July 2021 with the aim of boosting the decentralized finance (DeFi) ecosystem. The number of platforms listing DeFi Coin is increasing.
The amount of DeFi Coin tokens available will be limited to a hundred million. So how does it work? Reflections, manual burns, and LP acquisitions are all used by the DeFi Coin project. These features are designed to keep the DeFi Coin ecosystem alive and well.
The DeFiCoins.io website is powered by this token. DeFi Coin is built on top of the Binance Smart Chain. This allows the project to take advantage of the blockchain’s fast transaction speeds and low gas prices.
DeFi Coin will also let users participate in the swapping of collectibles as well as exchanging NFTs. Everyone who executes a trade pays a 10% transaction fee to the network, incentivizing users to hold onto their DeFi Coin for as long as they can.
The objective of doing this is to reduce volatile price swings. The first half of the transaction fee is returned to DeFi Coin holders, while the remaining 5% is held in reserve to provide liquidity for decentralized exchange services.
Buying and holding DeFi Coin tokens has a number of advantages, one of which is the ability to collect dividends through a fixed reward structure. Essentially, if you invest in this cryptocurrency, you have the capacity to continually increase the amount of DeFi Coin tokens you own. If you’re looking to buy the best DeFi coins refer to our guide for more analysis.
12. Chiliz – Best Penny Crypto for Sports and Entertainment Tokenization
Chiliz is a subsidiary of Mediarex Group, a multinational sports and entertainment company created in 2006. After almost two years of innovation and development, the team minted 8.8 billion Chiliz tokens in October 2020. At the time of writing, Chiliz has a market cap of around $1.4 billion, making it one of the cryptos with the highest potential.
Investor interest in tokens tied to entertainment businesses seems to be on the rise in general. So how does it work? Users may engage in the blockchain platform by actively exchanging Chiliz for ‘Fan Tokens’. As such, this is the best penny cryptocurrency to buy for people who want to invest in sports tokenization.
The Chiliz team created the Socios platform, which is based on the Chiliz blockchain architecture. It is on this platform that the native Chiliz token runs. This sports fan interaction platform contains a variety of polls that deliver the most up-to-date information while also bridging the gap between sports teams and fans.
For operation, it has its own mobile application. All you have to do is download the app from your Android or iOS app store and you can swap Chiliz tokens for Fan Tokens. You will also be able to vote in polls run by teams using them. Chiliz 2.0 should enable the trading of NFTs and other digital assets, as well as offer transaction gas fees that are at least 500x lower than Ethereum.
Cryptoassets are a highly volatile unregulated investment product.
13. XRP – Buy Established Large-Cap Penny Crypto
Ripple is a payment protocol that processes international money transactions using blockchain technology. It has worked with hundreds of financial institutions that use its technology. Ripple’s goal is to provide incredibly fast processing times and minimal transaction costs.
The company’s native cryptocurrency, XRP, was launched in 2012 and is one of the best penny cryptos to buy right now. 100 billion XRP tokens were created prior to its launch. Ripple put 55 billion XRP into an escrow. It also set up smart contracts to release 1 billion XRP each month. At this time, this popular penny crypto has a market capitalization of around $37.5 billion.
Ripple can sell as many tokens as it wants when they’re released in order to raise funds, and unsold tokens will be placed in a new escrow. To verify transactions, the XRP cryptocurrency employs a consensus system. Validators check proposed transactions against the most recent version of the XRP ledger and accept the ones that are valid.
For a transaction to be confirmed, it must be accepted by the majority of XRP validators. A typical XRP transaction takes five seconds to complete. As a bridge currency, XRP tokens can be utilized by financial firms to exchange currencies at a lower cost. They can also use XRP instead of fiat currencies. Moreover, even at the token’s all-time highest price, the transaction cost was just 0.00001 XRP.
Cryptoassets are a highly volatile unregulated investment product.
14. Shiba Inu – Best Penny Crypto with ‘Meme Coin’ Potential
One of the best low cap crypto gems on the market is Shiba Inu (SHIB). Most crypto investors will have heard of this token as it burst onto the scene in late 2021, following the incredible rise of Dogecoin. Like Dogecoin, SHIB was designed to appeal to retail investors – yet ended up catching the attention of the mainstream media.
Between September and October 2021, the SHIB price rocketed by nearly 1,400% as it gained traction on various social media platforms. Although the coin couldn’t maintain these heights, Shiba Inu still has huge backing on Reddit and can often provide double-digit returns on certain days due to its low price.
The main thing holding Shiba Inu back is a lack of real-world use cases, although this looks to be rectified by the launch of ShibaSwap – the native DEX of Shiba Inu. This marketplace offers token swapping, liquidity pools, and even an NFT trading platform. All in all, if more utility can be added to the coin, it would undoubtedly lead to a more optimistic Shiba Inu price prediction for many investors.
Cryptoassets are a highly volatile unregulated investment product.
15. Cardano – Top Third-Generation and Highly Functional Penny Crypto
Cardano was created in 2017 and is one of the top cryptocurrencies by market cap. At the time of writing, Cardano has a market capitalization of over $37 billion. The maximum supply of Cardano tokens is 45 billion. Cardano is also a highly functional digital currency.
This penny crypto was created as a next-generation evolution of the Ethereum concept. The Cardano blockchain is a sustainable, scalable, and flexible platform for running smart contracts. This makes way for the creation of a variety of decentralized finance apps, games, new crypto tokens, and more.
Cardano aspires to be the most environmentally-friendly blockchain platform available. Instead of the energy-intensive proof-of-work approach used by the likes of Ethereum, it employs a unique proof-of-stake consensus process called Ouroboros. Cardano also intends to decentralize entirely.
This will be achieved by implementing community-driven governance, in addition to an automated treasury mechanism to fund the network’s development. This is possibly the best penny crypto to buy for those who believe the world will move towards a decentralized future.
This is because, with such a large market cap, this digital currency is likely to be reactive to market prices. As such, Cardano should grow along with the broader crypto market. ADA went up 50% after we made this Cardano price prediction.
Cryptoassets are a highly volatile unregulated investment product.
What is Penny Crypto?
Penny cryptocurrencies, like equities, trade for a few cents or less than $5 per unit. They are inexpensive to invest in despite being high-risk ventures, which is what makes them so attractive to crypto traders.
Today we have reviewed the best penny cryptocurrency to invest in right now. However, you should always make sure you have conducted plenty of research yourself before risking any of your hard-earned cash on the cheapest crypto.
Is Penny Crypto a Good Investment?
The best penny crypto to invest in should have the ability to grow in value over time. Otherwise, it’s illogical to add it to your portfolio.
Below we discuss some of the reasons you might elect to buy the top penny cryptocurrencies for 2023 :
You Don’t Need to Have a Big Account Balance to Buy Penny Crypto
One of the most obvious advantages of learning how to buy penny cryptocurrencies is that you don’t need to have a big account balance.
That is to say, with all tokens coming in at less than $5, you could invest in hundreds of different cryptocurrencies for less than the cost of a single Bitcoin or Ethereum, for example.
The minimum deposit on regulated crypto platform eToro.com is just $10 for US and UK traders, and slightly more internationally.
Buy the Best Penny Stocks to Diversify Your Portfolio of Investments
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.
As such, although there is still a risk, you don’t have to put all of your eggs in one basket. It’s easy to build a diverse and well-rounded portfolio of digital currencies, and with very little cash outlay.
eToro is an online brokerage that offers the top penny cryptocurrency of 2023 we talked about today.
There are also tons of others, with super low commissions and you can risk as little as $10. You can also access penny cryptocurrency stocks with 0% commission.
How to Buy the Top Penny Crypto – FGHT Guide
Our recommendation for the best penny cryptocurrency to invest in is FGHT.
- Step 1 – Create a Cryptocurrency Wallet: Download a crypto wallet such as MetaMask and connect to the Fight Out presale website.
- Step 2 – Buy ETH/USDT and Connect Wallet: FGHT can be swapped with other ERC-20 tokens such as USDT or Ethereum. They can be purchased from a suitable crypto exchange and transferred to your respective crypto wallets or bought directly from Fight Out’s website via Transak. After buying the tokens, head over to the website and click on ‘Connect Wallet’.
- Step 3 – Buy FGHT: After connecting the wallet, choose to purchase FGHT with either Ethereum or USDT. Select the number of tokens you wish to buy, and complete the process by selecting ‘Convert’.
- Step 4 – Claim FGHT Coins: After the Fight Out presale concludes, traders can access their tokens from the platform’s website.
Cryptoassets are a highly volatile unregulated investment product.
Where to Buy Other Penny Cryptocurrencies
If you are interested in buying some of the other penny cryptocurrencies that we mentioned today, eToro is the overall best place to complete your investment.
eToro – Best Place to Buy Penny Crypto in 2023
eToro is the overall best place to buy penny crypto in 2023 – as the platform offers a slew of benefits. The trading costs are low at eToro, not least because you will pay a mere 1% to buy and sell any cryptocurrency of your choosing. eToro offers access to 59 cryptocurrencies, as well as numerous other assets.
If you feel comfortable with the idea of buying penny crypto and storing it in a wallet, there’s an app for that. The eToro Money wallet comes in the form of a crypto app and safeguards your investments with a range of security features. This includes standardizations protocols, DDoS Protection, sophisticated signature mechanisms, and more.
This broker serves more than 25 million traders and is regulated by multiple regulators, which include the SEC and the FCA, among others. The aforementioned crypto wallet is regulated by the GFSC. The main trading platform is really simple to use and navigate.
Furthermore, investors who don’t feel comfortable looking after a wallet and private keys can keep things simple by opting to buy penny cryptocurrencies on the main platform. In this case, when you’ve placed an order, eToro will add the tokens to your portfolio, which is accessible any time you log into your account.
It’s also super easy to cash out as the broker simply buys the tokens back. The minimum stake is $10 at eToro. If you later decide to invest in pricier assets, the same applies as the broker supports fractional trading. You can also access stocks and ETFs with 0% commission if you wish to diversify later.
You can take a hands-off approach to trade if you wish. eToro offers smart portfolios focused on cryptocurrencies. This means you are able to allocate funds to a carefully selected basket of tokens. There are 12 to choose from, and plenty more focused on other markets.
Copy trading is one of the most popular features at eToro and copy traders made an average 30.4% return on investment (ROI) last year. Choose a pro whose preferred market is cryptocurrencies and invest some of your funds in that person. Each time they buy or sell cryptocurrencies, it will be mirrored in your portfolio, in proportion to the amount you allocated.
Payment options are plentiful and include e-wallets like Skrill, PayPal, and Neteller. You can also finance your crypto investments using a credit/debit card, wire transfer, or traditional online banking. As a US client, there are no deposit fees to pay.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Latest Penny Crypto News
Finally, let’s take a quick look at some important penny crypto news events for the week beginning March 13th 2023 – ensuring you’re up-to-date with the latest goings-on:
- Last week’s biggest news story was that USD Coin (USDC) de-pegged from the US dollar. This came as a result of issuer Circle’s massive exposure to Signature Bank, which has now gone under.
- Hedera Hashgraph, which uses distributed ledger technology, has been the subject of a major exploit. A hacker exploited the network’s code to transfer tokens to their wallet from several liquidity pools – causing the HBAR price to drop by 7%.
- Cosmos (ATOM) is in the news this week ahead of its v9-Lambda upgrade, which is set to go live on March 15th. This upgrade will allow Cosmos’ chains to share security resources – a feature expected to increase demand for ATOM tokens.
In this guide, we analyzed the best penny crypto to buy as well as blockchain-focused stocks as alternative ways to invest in the industry. In terms of how to buy penny cryptocurrencies, we recommend regulated platform eToro.
We consider one of the best penny cryptos to be LHINU – the native cryptocurrency of Love Hate Inu’s vote-to-earn ecosystem. Currently priced at 0.000084 USDT during its presale round, LHINU is now available to purchase for a substantial discount, relative to its eventual listing price.
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