9 Best Penny Cryptos to Invest In for Huge Returns in 2024 (2024)

Penny cryptocurrency investments have the potential to offer huge upsides, should that particular cryptocurrency gain traction and then wider adoption. They also offer the tantalizing aspect of huge returns from a very small initial commitment.

However, the market is awash with so called “penny cryptocurrencies” trading for less than $1—with many even trading for less than a penny. So, in this seeming ocean of opportunity, which penny cryptos should your receive attention?

In this guide, we discuss the best penny cryptocurrencies to invest in for 2024, covering what they are and why they may have a huge upside potential. We also explore why investors choose penny cryptocurrencies and what to consider when selecting your penny cryptos.

Full Analysis of the Best Penny Cryptocurrency to Invest in 2024

A large part of finding crypto under a penny that will explode is to conduct plenty of thorough research. To aid this process, we’ve reviewed and ranked the most promising penny cryptocurrencies below.

1. Dogeverse – Overall Best Penny Crypto to Buy in 2024

We have picked Dogeverse ($DOGEVERSE) as the top penny cryptocurrency to purchase in 2024. This is the first multi-chain Doge cryptocurrency and is compatible with six blockchains. $DOGEVERSE, the native token, is built on the Ethereum blockchain. Using Wormhole and Portal Bridge technology, it will bridge to the Polygon, Solana, Avalanche, Binance, and Base blockchains. Thus, token holders can access seamless interoperability with other networks.

$DOGEVERSE is currently priced at just $0.000298 per token during the ongoing presale stage. From a total supply of 200 billion tokens, 30% is being allocated for the ongoing presale. The goal is to raise a $17 million hard cap by the end of the presale. This top penny cryptocurrency can also be staked on the smart contract to generate high annual yields. Another 10% of the supply will be offered through staking rewards on Dogeverse. Once the presale ends, 5% of the supply will be released for new exchange listings.

Learn More:

Whitepaper, Telegram

Visit Dogeverse

2. Sealana – Best Solana-Based Meme Coin Costing Pennies

Sealana, launched on the Solana blockchain, quickly captured attention by raising $100,000 within minutes of its presale launch. Styled after the South Park character Gamer Guy, Sealana embodies the quintessential meme coin with a humorous twist, targeting a broad audience that appreciates internet culture and meme-driven investments.

For every 1 SOL invested during the presale, participants receive 6,900 $SEAL tokens. This fixed-price model incentivizes early adoption, potentially leading to substantial gains post-ICO, similar to other successful meme coins on Solana.

Solana’s robust ecosystem supports Sealana’s potential growth, with features like high transaction speeds and a large user base. Amid a market downturn, Solana-based tokens like Popcat and Solama have shown resilience, suggesting a favorable environment for Sealana’s growth.

Sealana’s engagement on social media platforms, particularly through channels like X, showcases its active community support and marketing savvy, essential for sustained meme coin success. Follow Sealana on X for updates.

Visit Sealana

3. WienerAI – Best Penny AI Crypto

WienerAI is the latest dog-themed meme coin, following in the hugely successful pawprints of Bonk, Myro, Dogecoin and Shiba Inu. It has just introduced a cutting-edge AI crypto trading bot, hailed as the most advanced and beginner-friendly tool in the cryptocurrency market.

The bot boasts seamless swap functionality and operates without fees, significantly enhancing trading efficiency. Designed to be intuitive, it responds to user queries with predictive analyses, actively seeking out the best investment opportunities.

Once you buy $WAI tokens, stake them right away to take advantage of the generous staking rewards. As more tokens are bought and staked, the APY will drop significantly, making it highly advisable to buy early and stake to make the most of this project.

Currently, you can buy it in a token presale with multiple stages by connecting your wallet to the WAI Inu presale site and using ETH or USDT to make the purchase.

When the token presale ends, you’ll be able to claim your tokens. There will be a total of 6.9 billion tokens, half of which will be used in the token presale. The remaining 30% are dedicated to the staking rewards, per the WienerAI whitepaper.

Follow WienerAI on X to stay up to date with the latest information on the token presale.

4. Mega Dice Token – Best CasinoFi Penny Crypto

Mega Dice Token ($DICE) is the native cryptocurrency of Mega Dice’s crypto casino. This token offers several use cases – such as staking yields and in-game rewards on the casino. $DICE has recently launched on presale and is priced at only $0.069 per token. From a total supply of 420 million tokens, 35% are being allocated for the presale. The $DICE token can be staked on a secure smart contract to generate high annual yields.

Token stakers can access daily bonuses, in-game rewards, and exclusive access to promotion events within the Mega Dice Casino. 10% of the supply will be offered as staking rewards. Furthermore, the Mega Dice Token can be used to purchase limited-edition NFTs, which are tradable on the ecosystem. Early presale investors will be rewarded with additional $DICE tokens as part of an Early Bird bonus.

Mega Dice Token is offering another $2.25 million worth of tokens through three airdrop seasons. Currently, the Mega Dice Token presale has raised more than $360K in only a couple of days. Due to its multiple use cases, Mega Dice Token is a top penny cryptocurrency to purchase right now.

Learn More:

Whitepaper, Telegram

Visit Mega Dice Token ICO

5. 99Bitcoins Token – Best Learn-to-Earn Penny Cryptocurrency

99Bitcoins Token introduces a learn-to-earn model, offering users $99BTC tokens as rewards for engaging with educational content on cryptocurrencies. This unique approach incentivizes learning and enhances user interaction with the platform.

Holders of $99BTC benefit from staking options, special content access, and advanced trading signals, fostering a vibrant community around the token. The expected integration with the BRC-20 standard will further enhance its utility within the crypto ecosystem.

During its ongoing presale, $99BTC tokens were initially offered at $0.001 each, attracting substantial investor interest and raising over $900,000 rapidly. This tiered presale model increases the token price gradually through 14 stages, aiming to culminate at $0.00113 per token with a fundraising goal of nearly $11 million.

Learn More: Whitepaper, X, Telegram, Discord

Visit 99Bitcoins Token

6. Sponge V2 – Best Play-to-Earn Penny Crypto

The Sponge V2 is an upgraded version of the original $SPONGE coin that saw a 100x growth to a $100 million market cap. Sponge V2 shifts from meme coin origins to utility focus with its Play-to-Earn (P2E) gaming, rewarding players in $SPONGE tokens.

It introduces a Stake-to-Bridge mechanism for transitioning from Sponge V1 to V2 by staking V1 tokens, which are then locked, in exchange for V2 tokens, ensuring a smooth shift and token stability.

Sponge V2 targets major exchange listings, like Binance and OKX, to potentially boost trading volumes. It caps its total supply at 150 billion tokens, allocating 43.09% for staking rewards and 8% for P2E gaming rewards, offering a minimum of 40% staking APY over four years.

The project, backed by a 30,000-strong community, seeks further growth through marketing and community initiatives. Early investors in V1 tokens benefit from bonuses when staking for V2 tokens.

Learn More: Whitepaper, Telegram, X (Twitter)

Visit Sponge V2

7. Smog – Largest Solana Penny Crypto Airdrop Ever

Smog ($SMOG) is the next token on our list of the best penny cryptos. Since its launch on Jupiter DEX, Smog’s price has surged from $0.001419 to $0.047. Thus, its market cap grew from $2 million to nearly $65 million after an over 3000% increase within a week.

A key feature of Smog is its “The Greatest SOL Airdrop” campaign, which aims to give out 490 million of its 1.4 billion token supply to active community members.

Investors can earn airdrop points by engaging with Smog’s social media, staking $SMOG, and participating in various online challenges. Additionally, Smog offers a 42% APY for staking with a 90-day lock-in period, focusing on rewarding long-term holders.

Smog’s long-term vision includes becoming the best SOL meme coin, with a massive portion of its token supply allocated toward marketing and future listings on centralized and decentralized exchanges.

Learn More: Whitepaper, Telegram, X (Twitter)

Visit Smog

8. eTukTuk – Penny Cryptocurrency for EV Charging Payments

The next penny cryptocurrency on the list is $TUK, the native token of eTukTuk. This is the world’s first automotive project that is running on the BSC blockchain and aims to set up EV charging stations for TukTuk drivers to charge their electric vehicles. The $TUK token is currently in presale and priced at $0.028.

This ambitious penny crypto project is targeting developing areas as that is where it can make the biggest impact and achieve its goals of helping to revolutionize transportation. eTukTuk will set up electric vehicle supply equipment (EVSE) and charging stations, powered by the Binance Smart Chain blockchain, and token holders will be able to stake $TUK and earn an APY.

Drivers of electric TukTuks can make payments with $TUK through a driver’s app when they use these charging stations. These stations will be located in different territories, with territory partners setting up these locations and receiving a commission for each transaction from their charging station. The first station will be in Colombo, Sri Lanka, and with 270 million TukTuks on the world’s roads and a transition to green energy being a major part of the next few years, eTukTuk and the $TUK token are well positioned to take advantage of this.

Learn More: Whitepaper, Telegram

9. Shiba Shootout – Best Community-Building Penny Token

Shiba Shootout is a new meme coin, infusing the crypto Wild West theme with the playful essence of Shiba Inu. The project offers a unique blend of strategy and adventure, poised to capture the vibrant spirit of meme coin enthusiasts.

The platform is currently in its presale phase, offering tokens at discounted rates in exchange for ETH or USDT. Investors can earn passively by staking $SHIBASHOOT.

Moreover, Shiba Shootout stands out with community-driven features like Posse Rewards, Campfire Stories, and Token Governance Roundups, enhancing user engagement.

Shiba Shootout aims to become a top meme coin with its distinctive Wild West theme and community-focused features, promising long-term growth and appeal in the meme coin market.

Learn More: Shiba Shootout whitepaper, X, Telegram

Visit Shiba Shootout

What Is a Penny Cryptocurrency?

A “penny cryptocurrency” is any crypto coin or token that’s very low priced, typically under $1. These cryptocurrencies are often appealing to investors looking for low-cost options with the potential for significant returns if the value increases.

However, penny cryptos can be highly volatile and carry higher risks compared to more established, higher-priced coins.

Examples of penny cryptocurrencies include Dogecoin, dogwifhat, and VeChain, which started with very low prices but attracted attention due to their underlying technology or community support.

Is It Worth Buying Penny Cryptocurrencies?

Today, we’ve reviewed the best penny cryptocurrency to buy in 2024. However, investors may still be wondering whether penny crypto tokens are a worthy addition to a portfolio.

Further information on why it might be worth buying penny cryptocurrencies can be found below:

Upside Potential

Leaders in the crypto space today include Bitcoin, Ethereum, and many others. These coins have been around since a period when interest in crypto-assets was low. In reality, the market wasn’t nearly as saturated back then.

That said, BTC tokens, for example, were worth less than a cent when they were first introduced to the public. At the time of writing, Bitcoin tokens trade for over $59,000 each. Moreover, the market capitalization of Bitcoin has since surpassed $1 trillion.

By investing in crypto with the highest upside, including penny tokens, investors can potentially achieve substantial gains.

Low-Cost Entry into the Crypto Market

Many investors have been put off by the initial outlay of entering the crypto market. However, this only really applies to tokens like Bitcoin, which, as we said, trades for many thousands of dollars.

In contrast, investors can buy cryptocurrencies, such as $DOGEVERSE, during their presale stage for a fraction of a penny.

Crypto Portfolio Diversification

Why stop at one penny cryptocurrency? Some investors choose to spread the risk by creating a diverse portfolio of low-cost tokens.

This is much easier to achieve with cryptocurrencies that trade for $1 or less.

That said, investors must still conduct plenty of research to gain an understanding of each project and the risks involved.

How to Buy Penny Crypto: Dogeverse Example

Below, we go over the process of buying penny crypto, using Dogeverse as an example.

If you don’t have a crypto wallet and compatible cryptocurrency, follow our guide on how to set up a MetaMask wallet, before moving to the first step in this tutorial. It also covers how to fund your wallet.

Step 1: Connect Your Wallet

Visit the Dogeverse presale website and locate the presale widget. Click “Connect Wallet” and select your wallet type, such as MetaMask or WalletConnect.

Step 2: Choose Your Network

Once your wallet is connected, select the network to purchase Dogeverse tokens from options like Ethereum, BNB Chain, Avalanche, Base, Polygon, and Solana.

Step 3: Buy $DOGEVERSE Tokens

Enter the amount of ETH, BNB, MATIC, AVAX, BASE, SOL, or USDT you wish to exchange for $DOGEVERSE tokens or specify the number of $DOGEVERSE tokens you want. Confirm the amount and complete the transaction following your wallet’s instructions.

Step 4: Claim Your Tokens

Post-presale, follow Dogeverse’s instructions to claim your tokens using the same wallet and network.

Step 5: Stake, Trade, or Bridge

After claiming, you can trade your $DOGEVERSE tokens on various networks and decentralized exchanges. Use the Dogeverse Bridge to move tokens between networks.

To stake your $DOGEVERSE tokens, navigate to “Staking” on the Dogeverse site and select “Buy and Stake.” If you already own tokens, proceed directly to staking. To manage your stakes, use the options to claim rewards or withdraw staked tokens.

Conclusion: What’s the Best Penny Crypto to Buy Now?

Throughout this guide, we’ve taken an in-depth look at some of the best penny cryptos currently available. While each project we’ve mentioned shows promise, one asset, in particular, could explode upon its release. Our top choice is Dogeverse ($DOGEVERSE).

This is a multi-chain meme coin, accessible with six blockchains. Dogeverse can also be staked to generate high annual yields. In only a few weeks since its presale launched, the cryptocurrency has raised more than $7 million.

Visit Dogeverse

Crypto Penny Stocks FAQs

What is a penny cryptocurrency?

A penny crypto is categorized as a digital currency that is trading at $1 or less per token. Some crypto assets that fall within this category possess a large market capitalization – such as XRP and Cardano. This is directly linked to the number of tokens issued by the project.

What is the overall best penny cryptocurrency to invest in right now?

The overall best penny crypto to invest in now is Dogeverse ($DOGEVERSE). Holders can stake their tokens to earn regular passive and sustainable staking rewards.

What is the best crypto under 1 cent?

Some of the top cryptos currently valued at under 1 cent are Bonk, Shiba Inu, BitTorrent, and SATS (Ordinals)

Which penny crypto has 1000x potential?

One of the penny cryptos that is being touted as having 1000x potential is Dogeverse, which is the first Doge-themed meme coin to be compatible with six blockchains.

Where is the best place to buy penny crypto?

The best place to buy penny crypto will depend on whether the project is listed on an exchange yet. Presale coins usually have a native website to buy from directly and offer low prices, while more established ones will be available on multiple centralized and decentralized exchanges.

How can I invest in penny cryptocurrencies?

The best cryptocurrencies are listed on reputable and regulated online exchanges. If, however, the penny cryptocurrency is still in its presale, then a purchase can be made directly on the provider’s website.

Which penny cryptocurrency will blow up?

While it’s impossible to predict the future exactly, Smog has all the markings of a blue-chip cryptocurrency and could explode in the coming months.

References

• Crypto Stocks Surge as Bitcoin Hits Fresh 2023 High – Reuters.com
• Online Gambling – Worldwide – Statista.com
• Stock Market Crash of 1929 – FederalReserveHistory.org