Best Penny Cryptocurrency to Invest In 2024 — 14 Top Picks

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.

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

Current price:  $0.01295
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 eight billion, goes into the presale. The other amount is allocated to marketing, staking, liquidity, chain inventory, and project finance.

Only a few days remain to grab the tokens before the biggest meme coin presale ends, which surpassed $29 million.

2. Catslap – Cheapest Cryptocurrency That Will Explode, Offering a Possible Airdrop Based on Users’ Scores

Current price: $0.00533575
Blockchain: Ethereum

Catslap is a new cryptocurrency built on Ethereum with the goal of dominating the meme coin market. It allows players to slap Pepe and earn points on the Slapometer. 

The $SLAP token had a straight-to-DEX launch. The project’s market cap increased by 16 times minutes after its launch, and it appeared at no.1 on DexTool only an hour within its launch. This advantage, along with the project’s collaboration with Best Wallet and gamification capability, can allow it to try and copy the latest success of $MOG, $MEW, $Popcat, and $CAT.

Catslap’s 9 billion token supply is well distributed. More specifically, staking rewards get 20%, liquidity gets 50%, and development fund, team, and community rewards each get 10%.  

There are rumors that the slapping game will become gamified, with a possible airdrop based on users’ scores. The second phase of the project’s roadmap announces the staking launch, allowing users to stake at a 40% fixed reward rate.

3. Crypto All-Stars — Penny Crypto That Will Make You Rich, Now Trading at $0.0015127

Current price: $0.0015618
Blockchain: Ethereum

Crypto All-Stars is a revolutionary platform that aims to redefine the crypto space. It introduces the MemeVault mechanism, allowing users to stake several well-known meme coins on a single platform.

When the MemeVault launches, users will be able to stake 11 meme coins (Pepe, Shiba Inu, Brett, Turbo, Dogecoin, Floki, Milady, Mog coin, Toshi the cat, Coq Inu, and Bonk coin). However, that list will expand in the future. Users should remember that they would also have to own and stake $STARS if they want to take advantage of 3x the staking rewards.

The presale started in August 2024 and has already raised more than $2.5 million. It will take place in 50 stages. Buying this token is a simple process involving five steps, but users can claim the tokens only after the presale finishes. Purchase methods include ETH, USDT, BNB, and a card.

4. Flockerz – A Good Penny Crypto to Buy, Allowing Its Community to Make All Major Decisions

Current price: $0.0058161
Blockchain: Ethereum

Flockerz is a new project built on the Ethereum blockchain. It introduces its Vote-to-Earn mechanism, which, as the name suggests, allows users to vote and earn rewards. So, the Flockerz community, referred to as “The Flock,” makes all major decisions regarding the project: new features, key project development, marketing strategy, expansion plans, and token burns.

Flockerz is centered around Flocktopia, a groundbreaking DAO. The total token supply is 1 billion, with all the tokens shared between DEX/CEX, presale, staking, the DAO Vault, and marketing. The project’s roadmap comprises three steps, with the last announcing that $ FLOCK is ready for public trading.

Early investors should take advantage of the currently low price, which means that this is the best time to buy this crypto. Staking is also a smart idea, as the rewards come with an APY of 54,402%.

5. Best Wallet Token — Penny Crypto That Powers Best Wallet’s Ecosystem, Its Starting Price Stands at $0.02250000

Current price: $0.02250000
Blockchain: Ethereum

Best Wallet is a well-known wallet provider that caused a stir within the crypto community by launching a private sale of its native token, $BEST. This ERC-20 token managed to raise over $162,000 in just 6 hours. This comes as no surprise since Best Wallet aims to occupy 40% of the crypto wallet market share by the end of 2026.

What makes this coin the best crypto under $1? Its multiple use cases that include voting rights, reduced transaction fees, and higher staking rewards. Token holders will also gain access to new crypto projects.

Its presale was launched exclusively on Best Wallet’s Upcoming Tokens page. This means that within the first two weeks, only Best Wallet users will be able to buy $BEST tokens at a starting price of $0.02250000. Once the exclusive BW presale stage ends, it will expand to all wallet providers. Moreover, early buyers will be able to earn free tokens by participating in airdrops.

Download Best Wallet and head to its Upcoming tokens page to buy the $BEST token at its lowest price.

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

Current price: $0.000017
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.

7. FreeDum Fighters — Best Penny Crypto for Political Buffs and Crypto Gamers, Currently Trading at $0.00005

Current price: $0.00005
Blockchain: Ethereum, Base, BSC EVM Chains (ETH), And SOL

If you’re looking for the best crypto under a dollar, opt for FreeDum Fighters, a new PolitiFi token that raised over $100k in just one hour. FreeDum Fighters is a community-centric project that mirrors the ongoing US presidential election in a satirical and parodic manner.

The main characters of its ecosystem are the Maga Machine, Magatron, and the Hunter of Injustice, Kamacop 9000. Investors can vote for both candidates by locking their $DUM tokens into two reward pools. Both pools have a dynamic APY that will vary depending on the number of votes.

In addition, investors will be able to win a secret airdrop by participating in weekly events, such as meme contests, movie recommendations, and debates.

The starting price of the $DUM token will be $0.00005. The maximum supply of the $DUM token is 270 billion, of which 108 billion will be reserved for presale.

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

Current price: $0.001964
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.

9. Doge Squared — Penny Crypto Whose Goal Is to Redefine the Future of Dogecoin Through Layer 2 Technology

Current price: $0.008
Blockchain: ETH, BNB, Dogecoin

Doge Squared is one of the best cryptos under $1. This project aims to redefine the future of Dogecoin via layer 2 technology. On that note, the $DOGE² token will first run on the Ethereum blockchain and then move to Dogecoin’s own Layer 2 network. This cross-chain bridging will make Dogecoin faster, cheaper, and more efficient.

Moreover, users will be able to access dApps and DeFi protocols directly on Dogecoin’s network, which will make it more efficient for real-world apps and transform Dogecoin into a multifunctional token.

The $DOGE² token has a limited supply of five billion, of which 50% will go towards the presale, 20% to development, and 15% to staking and marketing. Early buyers will get a limited-edition $DOGE² NFT. They’ll also be able to vote over the future of $DOGE² and stake their tokens for a generous APY of 23.033%.

The starting price of this penny token is $0.008.

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

Current price: $0.00807
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 — $0.00807. 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 4,784%.

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

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

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.

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

Current price: $0.3629
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.

13. LuckHunter – Penny Cryptocurrency to Buy Now, Providing a Safe Gaming Environment and Legal Compliance

Current price: $0.001
Blockchain: Ethereum

LuckHunter is the largest mixed-reality online casino. The casino is licensed in Croatia, providing a safe gaming environment and legal compliance. Its limited-time ICO launched recently and offers the $LHUNT token for $0.001. The price increases with each of the 10 ICO stages. The project has raised over $225k so far.

The virtual reality casino transports players into a realistic casino space. Players can enjoy an easy and smooth onboarding experience without the need for a KYC verification. Owning $LHUNT allows users access to exclusive features and earning opportunities. Moreover, users can earn rewards by referring new players via the platform’s affiliate system. 

Staking rewards will be derived directly from the revenue produced by the VR Casino, guaranteeing sustainable benefits for token holders. 

The total supply of 8,066,087,838 is distributed among the airdrop, presale, presale bonus, referrals, team, marketing, staking rewards, and liquidity pool. 

14. BTC Bull — A Meme Coin That Aims to Carry BTC to Its ATH of $100,000, Currently Trades at $0.000506

Current price: $0.0005
Blockchain: Ethereum

The BTC Bull presale has one goal – to help BTC reach the $100,000 mark through community engagement. To accomplish that, its developers will use the token burn mechanism and airdrops. This means that $BTCBULL token holders will be able to benefit every time BTC reaches a new milestone.

I.e., when BTC’s price goes up by $10,000, a portion of the $BTCBULL tokens will be burned to support its long-term growth potential. Furthermore, once BTC reaches $100,000, early buyers will be rewarded with 2,100,000 $BTCBULL tokens via airdrops. Presale buyers can also stake their tokens for rewards whose current APY stands at 23,500%.

The $BTCBULL token has a total token supply of 21 million, of which 50% will go towards the presale, 10% towards staking and airdrops, and 15% towards token burns. This token currently trades at $0.0005.

15. The Wolf of Bull Street —  Early Investors Can Buy 50% of the Total Token Supply During the Presale 

Current price: TBA
Blockchain: Ethereum

The Wolf of Bull Street is a penny crypto that will be the main character of the upcoming no-limit DEX. The WOBS DEX will offer competitive rates and up to 200x leverage. Besides powering this DEX’s ecosystem, the $WOBS token will also bring multiple benefits to its holders. On that note, $WOBS token holders will pay lower transaction fees while liquidity providers will be able to participate in its airdrop.

This makes the $WOBS token suitable for crypto degens, who will also be able to stake their tokens at a rate of 1234567 $WOBS per ETH block. The Wolf of Bull St presale will take place in several stages. During each next stage, the price of the token will gradually increase. The WOBS DEX will launch once the presale ends, after which $WOBS tokens will be listed on exchanges.

The total supply of this token is over 69 quadrillion, of which 50% will go towards the presale, 20% towards staking and marketing, and 10% towards liquidity.

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.

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.

FAQs