15 Best Penny Cryptocurrency To Watch in September 2023

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The best penny crypto can deliver excellent ROI—Return on investment, and they require small capital to start. Investment per coin typically falls under $5; however, you can select the coins that sell under 5 cents to under 10 cents. The advantage the top penny cryptocurrency has is its ability to grow exponentially, especially when user adoption and acceptance increase, within a short period.

15+ Best Penny Cryptocurrencies To Buy 2023

1. $WSM (Wall Street Memes) – The Best Penny Crypto on the Market
2. Bitcoin BSC – A Next-Generation Cryptocurrency with Staking Rewards
3. $SONIK (Sonik Coin) – New Stake-2-Earn Penny Crypto to Buy Now
   
4. $LPX (Launchpad XYZ) – The Best Web3 Crypto to Buy Now
5. $YPRED (yPredict) – The Best AI Crypto to Purchase in 2023
6. $CHMPZ (Chimpzee) – Promising Eco-friendly Penny Cryptocurrency
7. $BTC20 (BTC20) – Sustainable BTC Token With Unique Offerings
8. LBLOCK (Lucky Block)– Best lottery crypto to buy in 2023
9. DEFI (DeFi Coin)– Promising penny crypto with excellent past performance and future offerings
10. DOGE (Dogecoin)- One of the biggest penny cryptos on the market
11. SHIB (Shiba Inu)- Ethereum-based alternative to DOGE
12. AKITA (Akita Inu)- Meme coin with growing community and future potential
13. Apecoin- A governance and utility token for the ApeCoin ecosystem
14. SMI (Safemoon)- A growing crypto gaming platform with upcoming play-to-earn features
15. Yearn.finance- Popular DeFi coin that allows users to earn from their crypto
16. Samoyed Coin- A popular meme token on the Solana blockchain

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Best Penny Cryptocurrency To Buy 2023– Reviewed

Many penny cryptos or meme coins are tied to pop culture like movies, memes, video games, comedy, and music. Dogecoin, the most popular memecoin in the crypto market, commands 35% of the memecoin or penny crypto market capitalization. Today, there are tons of these coins that fall in the best penny crypto category. These coins offer easy market entry and give excellent returns.

The list should not be taken as investment advice. Please conduct thorough research before investing in any cryptocurrency. The cryptocurrency market is still volatile, so you should only invest an amount you can afford to lose.

$WSM (Wall Street Memes) – The Best Penny Crypto on the Market

Wall Street Memes ($WSM) is a meme coin that has recently emerged in crypto. As a creation of the Wall Street Bulls NFT collection developers who saw an opportunity to merge humor and finance, $WSM has been in the news for all the right reasons, gathering over a million followers across all social media platforms.

Since its inception in May 2023, Wallet Street Memes has recorded notable feats. One such remarkable feat is its presale which saw significant interest as it hit 17 million. Additionally, $WSM has been listed on several major cryptocurrency exchanges, further expanding its accessibility and reach.

Read: How to buy Wall Street Memes

Although $WSM shares some similarities with other meme coins like Dogecoin and Shiba Inu, it stands out in different areas. Some include having a solid team of developers with a clear roadmap for the project and a track record in crypto. It also distinguishes itself by focusing on the fusion of memes and Wall Street, appealing to a community of traders and meme enthusiasts.

Since Wall Street Memes coin is a relatively new project, it may be difficult to predict its future. However, with its dedicated community, unique concept, and team, $WSM will likely continue gaining traction. Also, if the project can deliver on its roadmap, which is focused on enriching the community, the Wall Street Memes coin could be a very successful project.

As a coin with an already established online brand, Wall Street Memes has wasted no time in earning a unique spot in the financial world, which puts it in talks to be in a position to compete for the best ICO for 2023. Thus, traders and meme enthusiasts should be on the lookout for this coin.

Read: Wall Street Memes price prediction

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Bitcoin BSC – A Next-Generation Cryptocurrency with Staking Rewards

Bitcoin BSC ($BTCBSC) is an exciting new stake-to-earn cryptocurrency that closely mimics the early days of Bitcoin in 2011. With a limited supply of 21 million tokens, it offers latecomers a second opportunity to invest in a top cryptocurrency.

However, Bitcoin BSC differs significantly from its predecessor. It operates as a BEP-20 token on the Binance Smart Chain and uses a proof-of-stake (PoS) consensus mechanism, making it more eco-friendly, cost-effective, and scalable than Bitcoin. The most attractive feature of Bitcoin BSC is its substantial staking rewards.

BTCBSC holders can stake their tokens to earn impressive rewards. While Bitcoin primarily serves as a store of value, Bitcoin BSC’s staking feature offers an additional source of income.

The staking pool, which currently boasts an estimated annualized yield percentage (APY) of 34,634%, is poised to decrease as more tokens are locked in. This feature aligns with Bitcoin’s long-term approach, as it follows a 120-year unlocking schedule. Stakers should note the minimum seven-day locking period.

Bitcoin BSC closely mirrors Bitcoin’s tokenomics, with a max supply of 21 million tokens and a 120-year unlocking cycle. During its presale, 4 million tokens are initially available at a price of $0.99, with a hard cap of $3,960,000. If demand remains high, an additional 2.125 million tokens will be added at the same price, generating $2,103,750.

This presale constitutes 29% of the total supply, with any unsold tokens contributing to the staking pool. Liquidity on decentralized exchanges is ensured with 420,000 pre-mined tokens. The remaining 69% of the supply will be vested over 120 years, encouraging long-term investment.

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$SONIK (Sonik Coin) – New Stake-2-Earn Penny Crypto to Buy Now

Sonik coin is a new meme coin in which the decision-making authority is given to its members on the platform. The coin aims to be the best performer and also the fastest-growing meme coin in terms of market cap in the crypto market.

Like every other meme coin, the Sonik is also inspired by a popular social view. It is inspired by a legendary animated character, Sonic the Hedgehog, where the hedgehog is a speedster and the fastest amongst its species hence the quote on the platform, “The fastest 0-100m market cap meme coin?”

The token is presently in its presale, valued at $0.000014 per token. The platform intends to generate about $2.1m in its present presale stage, which means the platform aims to sell out about 150,000,000,000 tokens which sum up to 50% of the total available token.

The platform’s roadmap is of 3 stages. Finally, in the last step of the first stage, which is the presale, the platform is getting closer to achieving its goals. If the token manages to go through all the stages in its roadmap as intended, early investors would be the best earners as the token would continue to grow.

The present value of the token gives early investors the chance to purchase the token at a cheaper rate and also allows them to gain largely after the token finally launches into the market. Once the presale stage ends successfully, the value of the token is sure to increase because the supply reduces and the demand increases.

At the rate the coin is selling out in its presale, it is showing great potential to be a great investment to investors. This token can be bought easily on the token’s platform, www.sonikcoin.com, by just linking your wallet to the platform and using the ETH or USDT available to buy the required quantity.

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$LPX (Launchpad XYZ) – The Best Web3 Penny Crypto to Buy Now

This year is a time to consider diversifying your cryptocurrency portfolio by exploring web3 projects. One promising option to keep an eye on is Launchpad XYZ (LPX). This innovative web3 platform has the potential to become a player in the industry by 2025, offering users a solution for accessing various web3 offerings.

At its core, Launchpad XYZ functions as a web3 platform, providing users access to a wide range of features and opportunities. From experiences and play-to-earn opportunities to NFTs, cryptocurrencies, exchanges, and DeFi wallets, Launchpad XYZ aims to cater to all the needs of the web3 community. The main hub of the platform is its web3 portal, which allows users to explore and utilize web3 products based on their preferences.

The team behind Launchpad XYZ has envisioned a platform that serves as a one-stop solution for users. Through this platform, individuals can browse through NFTs and crypto tokens, engage in crypto games, earn income by staking tokens, perform swaps, and securely store their crypto assets and NFTs in reliable wallets while gaining access to educational resources that can enhance their trading skills. Additionally, valuable insights into the evolving market are also provided.

If you’re interested in investing in this project, now is a time as they are currently holding a presale event where investors can acquire LPX tokens at an advantageous price point. LPX functions, as the currency on the Launchpad XYZ platform providing users with access, to a wide range of features. It offers flexibility regarding staking, buying NFTs, and participating in cryptocurrency games, making it a valuable cryptocurrency worth considering.

LPX has a supply of 1 billion tokens. During the presale, 50% of these tokens can be purchased. This limited availability, combined with the platform’s usefulness, makes LPX an appealing investment opportunity. Participating in the presale is easy—just connect your web3 wallet and trade ETH or USDT for LPX tokens.

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$YPRED (yPredict) – The Best AI Penny Cryptocurrency to Purchase in 2023

YPRED has been gaining much traction in the cryptocurrency industry as the AI-backed cryptocurrency to consider investing in for 2023. This platform, called yPredict, empowers developers and traders, providing a space for knowledge exchange income generation and enhanced trading strategies.

YPredict is a marketplace for AI trading models where skilled developers can sell their trading models to subscribers. These advanced AI and ML-driven models empower subscribers to improve their trading skills and navigate the markets, influenced by algorithmic technology that impacts prices.

The platform stands out because it utilizes real-time data and state-of-the-art financial prediction methods. This ensures that traders have access to cutting-edge tools for making decisions. Users will access the models and subscriptions using YPRED tokens, the platform’s utility token.

YPRED is built on the Polygon chain. Has a limited supply of 100 million tokens, with 80 million available for purchase in the ongoing presale. The remaining 20 million tokens are reserved for exchange listings and liquidity purposes. After the presale event, it is expected that the limited supply and strong utility of YPRED will drive its value higher.

Investing in YPRED during the presale gives investors an advantage as the tokens price increases at each presale stage. By participating in this phase, investors can secure access to the platform at a cost positioning themselves for potential growth as the project gains traction.

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$CHMPZ (Chimpzee) – Promising Eco-friendly Penny Cryptocurrency

Chimpzee (CHMPZ) is an innovative cryptocurrency project that aims to reward individuals for their contributions to conservation. This eco-conscious digital currency employs three methods of generating income while also promoting sustainability.

At the core of this platform lies the CHMPZ token, which operates on the ERC20 standard and has a supply of 200,000,000,000. What distinguishes CHMPZ is its user approach; there are no charges associated with purchasing or selling the token. Remarkably 50% of the supply will be distributed to the community through sales and rewards, with an additional 10% allocated to support environmental charities.

Chimpzee provides users with three avenues for earning CHMPZ tokens. The first option is Shop to Earn, where users can acquire merchandise from the Chimpanzee shop. The platform’s second earning mechanism is Trade to Earn; a portion of trading fees on Chimpzees NFT marketplace is returned to users as income. Lastly, Play to Earn has gained popularity as a means to earn cryptocurrency on the Chimpzee platform.

CHMPZ tokens are pivotal in Chimpzee’s ecosystem, as users use them to purchase NFT passports. Owning these passports grants users access to higher passive income and more lucrative rewards. Consequently, demand for CHMPZ is expected to rise over time due to increased passport adoption.

Investing in CHMPZ during the presale presents an excellent opportunity for those seeking passive income while supporting a good cause. The Chimpzee presale is highly regarded in the crypto community, as the token is currently undervalued. Early investors in the presale will also receive a 100% bonus, further incentivizing participation. When CHMPZ tokens are used to purchase NFT passports, they are burned, reducing the token’s circulating supply and potentially increasing its value.

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$BTC20 (BTC20) – Sustainable BTC Penny Crypto Token With Unique Offerings

Coming in at number three on our list of the penny cryptocurrencies to invest in now is BTC20. This token has created a buzz in the world of cryptocurrencies as a version of Bitcoin built on the Ethereum blockchain. Its features and benefits for investors make BTC20 stand out as an enticing investment option.

One of the attractions of BTC20 is its accessibility. Unlike Bitcoin mining, which can be costly and technically complex, BTC20 provides an affordable way for anyone to get involved. With each BTC20 token priced at $1, individuals can easily purchase and stake tokens to generate income. Thanks to the Proof of Stake (PoS) mechanism, which leverages Ethereum contract functionality.

Read: How to buy BTC20

When the original Bitcoin blocks are confirmed, stakers receive BTC20 tokens proportionally. The release schedule of these tokens follows that of Bitcoin and has a total supply of 21 million. This limited availability contributes to its potential for long-term value growth.

The versatility of BTC20 is also appealing. Investors can securely manage their holdings using wallet apps like MetaMask, giving them decentralized self-custody and control over their assets. This user-friendly interface enhances the investment experience providing investors with peace of mind.

BTC20 is currently in presale, creating an opportunity for investors as they can purchase the tokens before it becomes available on the open market. The growth prospects for BTC20 are promising, with some experts comparing it to Bitcoin. Such comparisons generate interest in this token, potentially increasing demand and value over time.

Read: BTC20 price prediction

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Lucky Block (LBLOCK) – Best lottery penny crypto to buy in 2023

LBLOCK is the native currency of the decentralized lottery blockchain, Lucky Block. Lucky Block has a noble intention to solve some of the inherent problems of the traditional lottery system. The cryptocurrency, quite new, was launched in 2022, and has since paid out $1 million worth of jackpot wins to users.

The Lucky Block project is bold, and it’s a fair bet, especially if it can break into the gambling world as its vision promises. As of writing, an LBLOCK is worth $0.000508559379 and has drawn quite the attention amongst crypto investors. Serial crypto investor Scott Ryder is the CEO and the brain behind the Lucky Block. But LuckyBlock isn’t Ryder’s first Rodeo. Ryder is also the co-founder of Defi Coins and the CEO of Stakemoon. It’s an impressive feat for him, and if Defi’s success is anything to go by, LBLOCK might just be the penny cryptocurrency behind the new lottery industry.

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DEFI (DeFi Coin) – Promising penny crypto with excellent past performance and future offerings

At this point, if you are still looking for the best penny cryptos you can add to your portfolio, you can do thorough research on DeFi coin (DEFC). It is a community-driven coin run by selfless developers.

One of the things that made the project stand out from the other horde is that there is no developer wallet for their token. They burned all of their tokens, and this singular act gained them massive trust from their community.

DEFC uses case ranges, from having automatic liquidity, rewarding holders, and then staunch holders being able to exchange collectibles on the platform. Currently trading at $0.144 and with a Fully Diluted Valuation of $14,624,500, it is convenient to include DEFC as one of the top penny cryptocurrencies on your buy list.

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DOGE (Dogecoin) – One of the biggest penny cryptos on the market

Dogecoin was created as a joke in  2013 by software engineers Jack Palmer and Billy Marcus. It gained so much attention on the internet as a meme cryptocurrency, making many people buy into Dogecoin. This attention was primarily due to the Tesla CEO; now side named the Dogefather, Elon Musk.

Elon musk shilled Dogecoin through cryptic tweets, and this made it to be on every crypto investor’s lips. It raced past several other top penny cryptocurrencies during the 2021 bull market earning its rank as one of the best penny cryptocurrency to consider.

Dogecoin currently trades at a fair price of $0.06 and a market capitalization of $9 billion. With its dedicated fanbase, Dogecoin will most likely shoot higher in the event of a favorable news event.

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SHIB (Shiba Inu) – Ethereum-based penny cryptocurrency alternative to DOGE

Shiba Inu, one of the best cryptos (memecoin), was motivated by the success of Dogecoin. It was created in the Late quarters of 2020. Not long after its rise to fame, it was touted by its wild community as the Dogecoin killer, i.e., a cryptocurrency that will put Dogecoin to rest and become the new meme coin sensation.

Shiba Inu’s price soared tenfold in 2021, shortly after its creation. It is a speculative asset because of its extensive supply and high volatility.

But of this extensive supply, only 7% remains to be mined. It is one of the best penny cryptocurrencies with the potential for a massive return on investment.

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SMI (Safemoon) – Meme penny crypto with growing community and future potential

Safemoon, which is also a meme cryptocurrency, scored its name as a top penny cryptocurrency during the 2020 DeFi season. Its massive rise during this period birthed its community movement known as The SafeMoon Army.

Unlike Dogecoin, which is simply driven by its meme value, Safemoon has some utilities and functionalities on its smart contract.

Safemoon has witnessed the rise and fall of many other cryptocurrencies giving it a lot of market appeal to potential investors looking to invest in top penny cryptocurrencies.

Safemoon use cases now border around building blockchains, driving commerce, and finding better utilities of the Metaverse and NFTs. Although, Safe moon is not without its fair share of limitations, just like every other cryptocurrency.

To buy SMI, you will need to connect your wallet to a DEX and use BNB or ETH to make the swap. You can purchase BNB (Binance Coin)  from most reputable exchanges.

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Samoyed Coin – Penny cryptocurrency meme coin built on the Solana blockchain

Samoyed coin is a meme coin on the Solana blockchain. It has held it since it became a sensation during the DeFi summer, making it one of the best penny cryptocurrencies.

Samoyedcoin’s primary purpose is gearing crypto adoption on the Solana ecosystem. They are making this mission a reality by pushing the boundaries of web3.0 and providing crypto natives with the information they need to get onboarded into web3.0.

They use a token gating mechanism to allow only holders of their token to have exclusive access to some section of their communities, i.e., without the token, you won’t get access to VIP channels or events. Samoyed is certainly a top contender amongst the best shitcoins.

Much like SMI, you will need to already hold some crypto to purchase Samoyed coin from a decentralized exchange.

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Yearn.finance – Popular DeFi coin that allows users to earn from their crypto

Yearn.Finance (YFI) doesn’t necessarily fit into the definition of a top penny cryptocurrency. Its meteoric rise to fame from a value of $3 is impressive; yet, it’s a part of this list because of its easy entry and the possibility for investors to earn a good fortune from trading its coin if it rallies from the new low.

Being one of the pioneers of DeFi, it has been used as an automated marketplace for crypto-bearing products, i.e., it helps investors to determine which pool has the highest yield farms for a trading pair and compare it to the interest offered by other protocols.

Perhaps the most selfless person in crypto and the founder of Yearn.Finance, Andre Cronje ensured that the token generated was equally distributed among deserving holders of the tokens.

Although currently trading at a distant low from its all-time high, yearn.finance market appeal is still very much alive.

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ApeCoin – Native penny crypto to the Bored Ape Yahct Club ecosystem

ApeCoin (APE) is the native cryptocurrency of the top 1 NFT project, the Bored Ape Yacht club. The popularity of the BAYC NFT has already set Apecoin as one of the best cryptos to buy in 2022.

APE token holders take governance decisions collectively, casting their votes and deciding on issues like allocation of funds, framing of rules, partnerships, project selection, and more. The ApeCoin Foundation implements the governance decisions taken by the community.

Built on the ERC-20 token network, the coin also have other uses, such as rewarding various holders of other NFT apart from their native NFT and can also be used for payments to merchants. Apecoin still trades at a value of $6 and is considered a top penny cryptocurrency.

Before buying APE, you will need to hold other crypto in your wallet. You can then swap this for Apecoin through a DEX such as PancakeSwap.

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AKITA (Akita Inu) – Best penny crypto alternative to SHIB

The developers of the AKITA coin launched it anonymously on February 1, 2021. The community has taken charge of this cryptocurrency, led by many core team members and moderators.

The cryptocurrency Akita Inu (AKITA) first appeared as an internet joke. The team wants to transform the Akita Inu coin from a meme into a real, useful coin with a variety of uses. The Ethereum blockchain’s Akita Inu ERC20 token intends to increase the Ethereum blockchain’s ability to transfer information and exchange data with other blockchains. According to the website, with the help of the community, the Akita network has established a connection with Avalanche for project governance.

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What is a penny crypto?

Penny cryptocurrencies refer to all cryptocurrencies that are priced at less than one dollar and are much cheaper than well-known digital currencies. There are several categories of penny cryptocurrencies such as: newly launched cryptocurrencies that are characterised by much higher volatility, cryptocurrencies with a much larger supply on the market making them more affordable options compared to major cryptocurrencies such as BTC, ETH and LTC. There are also declining cryptocurrencies, which have experienced a significant increase in value, but then suffered a sharp drop in price, causing them to lose a large portion of their value.

Usually, penny cryptocurrency prices are extremely volatile. If you’re an enthusiastic investor looking for investment opportunities in the new pre-sales, it’s important to know that investing in new cryptocurrencies can offer the potential for increased returns, but also comes with a significant risk of loss. In order to invest in penny cryptocurrencies, it is crucial to research and analyse both the technical project document and other details related to the organisation and distribution of the pre-sale offering.

Is Penny Cryptocurrency A Good Investment?

The whole cryptocurrency market is pending regulations, and that extends to Penny cryptocurrencies. Investors that trade crypto must do good research should they want to buy crypto for its long-term investment returns.

The Top Pennystock cryptocurrencies mentioned above differ in design, but they all share similar investment value. They are micro-cap and have the potential to do a crazy return on investment if the founding team brings more utilities to them.

Before buying into your best penny cryptos, make sure they have a serious team focused on their project’s growth.

Penny cryptocurrencies are much cheaper than those known on the market, giving investors the opportunity to invest in promising new projects that fit their financial budget. One of the main advantages of penny cryptocurrencies is their potential for significant growth compared to more mature and stable cryptocurrencies.

With the recent development of the crypto market, more and more modern projects are being launched using advanced technologies that offer investors the chance to invest in a cheaper token but with the potential to make a profit.

Pros and Cons of Investing in Penny Cryptocurrency

Some of the pros and cons of the best penny crypto are explained below:

What are the risks of investing in penny cryptocurrencies?

Increased price volatility

Penny cryptocurrencies are known for their price volatility. You may be exposed to rapid and unpredictable price movements that may result in substantial gains or losses.

Technological risks

Cheaper cryptocurrencies may not benefit from the same level of development and security as known, more established cryptocurrencies. This disadvantage may expose these cryptocurrencies to vulnerabilities and potential technical problems.

The risk of fraud

Fraud and deceptive schemes are common in the crypto space. Low-capitalisation cryptocurrencies are often targeted by individuals with bad intentions who create fictitious projects to attract inexperienced investors.

Limited information

Penny cryptocurrencies don’t always provide the same amount of information as other well-known digital assets, and the lack of a solid track record and key details can be a red flag for investors.

Where to Buy Cryptocurrency

One of the most important decisions you can make when starting your cryptocurrency journey is to choose the best crypto exchange for the best penny crypto to buy. Before choosing a crypto exchange, you need to consider commission, fee, security, staking bonus, the simplicity of the user interface, and restrictions. You cannot trade on some exchanges in the United States, so a US trader should be up-to-date on any recent restrictions.

You should also consider the tradable tokens and cryptocurrencies in each exchange, ease of purchase, liquidity of assets, and recent breaches. You want a crypto exchange where you spend less on commission, and your assets are securely stored.

Bitstamp – Popular platform for buy penny cryptocurrencies

Bitsamp may support only 60 cryptocurrencies, but with low commissions and an easy-to-use interface, the platform is a great choice for beginner and expert investors. Bitsamp has a web and mobile interface that helps you monitor your investment on the go.

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Coinbase – One of the biggest crypto platforms to buy penny cryptos

Coinbase is one of the most adopted crypto exchanges in the world today. From Bitcoin to penny tokens, Coinbase makes it easy to trade and store cryptocurrencies. Coinbase supports a large number of cryptocurrencies, especially the best penny crypto; however, you may have to pay high transaction fees when trading.

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Webull – New crypto trading platform

Although launched in 2017, Webull has positioned itself in the market as the go-to platform for beginner traders. Webull offers excellent features, from zero account minimums to an array of best penny crypto that can be traded, competitive margin rate, zero commission on trading, and a host of helpful tools and resources. What’s better? Webull’s service features are premium-based, yet users can access them without spending a dime. Webull supports cryptocurrencies like Dogecoin, bitcoin, Litecoin, XLM, and ZLM. You can also check out Webull’s full review here.

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Best Penny Cryptocurrency To Watch  2023– Conclusion

Wall Steet Memes is the best penny cryptocurrency to watch in 2023 due to its huge social media following and recognition from Elon Musk. In this article, we have taken a look at Wall Street Memes as well as other top penny cryptos to consider for future potential.

The best way to buy penny cryptos is to use an exchange such as eToro. However, many penny cryptocurrencies must be purchase via presale or decentralized exchange which will involved swapping tokens for penny cryptos through a crypto wallet.

There is still time to buy Wall Stree Memes before it explodes after the ongoing presale event.

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