10 Best Penny Cryptocurrency To Invest in April 2024

Penny cryptocurrencies are low market cap coins, priced under 1 dollar. These low-priced crypto assets are attractive investments for investors who want to diversify their portfolios without a large financial commitment. Investing in penny cryptos allows you to buy a large quantity of tokens for a low price, making it possible to explore new types of cryptocurrency without putting too much of your capital at risk.

If you’re looking to diversify your portfolio with penny cryptos in 2024, we will reveal the top 10 penny cryptocurrencies to invest in 2024 in this guide.

Green Bitcoin (GBTC)

• Earn passive rewards through gamified staking
• The sustainable version of Bitcoin built on Ethereum
• Invest at a discounted price during the presale event to maximize returns

Project Launched

February 2024

Purchase Methods

• 
  ETH
• 
  USDT

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Scotty The AI (SCOTTY)

• The latest AI based crypto project that will transform the security of the blockchain space
• Early presale investors will receive guaranteed returns
• Stake SCOTTY to receive passive rewards

Project Launched

February 2024

Purchase Methods

• 
  ETH
• 
  USDT
• 
  Debit

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Smog Coin (SMOG)

• Buy and hold to take part in the biggest Solana airdrop event
• The next meme coin to explode
• SMOG is set to be the biggest Solana token in 2024

Project Launched

February 2024

Purchase Methods

• 
  USDT
• 
  Solana

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Sponge V2 ($SPONGEV2)

• $SPONGEV2 tokens can only be obtained by staking $SPONGE
• Stake your Sponge V1 tokens to recieve a V2 token bonus
• Earn more crypto with the SPONGE P2E game

Project Launched

December 2023

Purchase Methods

• 
  ETH
• 
  USDT
• 
  Debit

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eTukTuk ($TUK)

• Invest in the newest sustainable cryptocurrency
• $TUK tokens can be staked for passive rewards
• The eTukTuk project helps to develop sustainable initiatives for a greener future

Project Launched

January 2024

Purchase Methods

• 
  BNB
• 
  USDT
• 
  Debit

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Bitcoin Minetrix ($BTCMTX)

• Revolutionizes Bitcoin mining with an innovative stake-to-mine model
• Allows all crypto investors to earn passive BTC rewards
• A transparent and fair Bitcoin mining system that is accessible to anyone

Project Launched

September 2023

Purchase Methods

• 
  ETH
• 
  BNB
• 
  USDT
• 
  Matic
• 
  Debit
• +2 more

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The price or value of cryptocurrencies can rapidly increase or decrease at any time. You must be satisfied that this crypto offering is suitable for you in light of your financial circumstances and attitude towards risk.

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 characterized by much higher volatility, and cryptocurrencies with a much larger token 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 analyze both the technical project document and other details related to the organization and distribution of the pre-sale offering.

Pros and Cons of Investing in Penny Cryptocurrency

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

The Best Penny Cryptocurrency in 2024 – Reviewed

Many penny cryptos or meme coins are tied to pop culture like movies, memes, video games, comedy, and music. Dogecoin, the most popular meme coin in the crypto market, commands 35% of the meme coin or penny crypto market capitalization. Today, there are tons of these coins that fall into the best penny crypto category. These coins offer easy market entry and give excellent returns and some penny crypto with 1000x potential may be a good investment.

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.

1. Sponge V2 Token (SPONGEV2) – The next penny crypto to 100x in 2024

Sponge V2 Token is a meme coin that aims to bring utility to the successful Sponge Token ecosystem. Overtime, v1 tokens will be phased out of circulation by v2 tokens, which can be used for staking and play-to-earn offerings.

Sponge V2 also provides investors with a second chance to profit from a potential pump. In 2023, SPONGE pumped over 100% to reach a marketcap of over $10 million, which rewarded investors generously. The team behind the project hopes to replicate this success with the V2 token.

To invest in SPONGEV2 you must stake SPONGEV1 tokens through the official website. When you stake SPONGE, you will receive V2 tokens rewards. The rewards will be distributed over 4 years before Sponge V2 is then listed on tier 1 exchanges.

The staking process will encourage long-term holding and prevent sell-offs which makes SPONGEV2 a promising long-term crypto to consider in 2024.

The price or value of cryptocurrencies can rapidly increase or decrease at any time. You must be satisfied that this crypto offering is suitable for you in light of your financial circumstances and attitude towards risk.

2.  Bitcoin Minetrix (BTCMTX) – Revolutionizing crypto mining for everyone

Bitcoin Minetrix is leading the charge as the pioneer stake-to-mine project, offering users the ability to stake their BTCMTX tokens to generate credits for cloud mining.

This innovative approach democratizes Bitcoin mining, typically the domain of multi-million-dollar corporations due to the high costs of mining rigs and energy consumption. According to the BankRate, Bitcoin, also started as a penny crypto, with a value less than a penny and hit more than $68.000 at its historical high.

Bitcoin Minetrix stands as a unique cloud mining project with a pivotal difference—minimal barriers to entry, zero upfront costs, fixed contracts, and complete investor control over their tokens. Additionally, token holders can reap substantial staking rewards, currently exceeding an impressive 60,000%.

The project’s presale commenced on September 26, 2023, featuring purchase options in ETH, USDT, and BNB on the Ethereum blockchain. With a total supply of 4 billion tokens and a minimum investment requirement of just $10, this presale allocates 70% of the maximum supply.

The tokenization of hash power offers significant benefits, empowering users with full control over their funds. An upcoming mobile app, currently in development, will enable users to buy BTCMTX and tailor their staking preferences, including the number of BTCMTX tokens and duration.

The price or value of cryptocurrencies can rapidly increase or decrease at any time. You must be satisfied that this crypto offering is suitable for you in light of your financial circumstances and attitude towards risk.

3. Meme Kombat (MK) – Innovative meme crypto with competitive betting

Meme Kombat is an innovative new GameFi project and a penny crypto with 1000x potential that hosts staking with bet-2-earn features in meme character battles. Meme Kombat takes the meme community to the next level and brings together all the top meme characters to battle it out.

This new model uses artificial intelligence to randomize battle outcomes and puts meme characters head-to-head in an all-out frenzy on the blockchain.

MK, the native token of Meme Kombat, allows staking, meaning users can lock tokens to passively earn positive APY% returns. Meme Kombat brings a fun-filled experience to meme degens within the Web3 world through a bet-2-earn model.

Users need to stake MK tokens and can allocate a portion to use in wagering on meme battles. Betting comes in various forms, including being able to directly bet against other players, standard sportsbook-style odds betting against the game, direct betting on characters or outcomes, or side action betting, whereby users place wagers on specific occurrences or events that happen in battles.

Meme Kombat has a total supply of 12 million tokens, with 50% allocated to the presale. 30% is allocated to staking and battle rewards, and users who participate in the presale qualify for automatic staking until launch. This means that early supporters will be able to earn passive rewards immediately upon purchasing MK tokens in the presale.

The presale is currently live and various meme communities from all the most popular meme coins are anticipating the launch. Analysing previous meme coin performances, with the most avid supporters of memes coming together in one battle arena, the project is set to take off.

The presale enables early supporters to purchase MK at a discounted rate and benefit from immediate staking rewards. Participating in the presale is seamless and MK can be purchased using ETH or USDT on the Ethereum blockchain, or alternatively BNB or USDT on the Binance Smart Chain.

The price or value of cryptocurrencies can rapidly increase or decrease at any time. You must be satisfied that this crypto offering is suitable for you in light of your financial circumstances and attitude towards risk.

4. eTukTuk – offers convenience and cost efficiency for both drivers and passengers

$TUK is the local token of eTukTuk ecosystem, a comprehensive electric vehicle (EV) system tailored to emerging markets. The electric three-wheeled taxi ecosystem introduces a blockchain based peer-to-peer payment infrastructure along with an extensive network of charging stations in developing countries.

eTukTuk’s holistic ecosystem includes an AI control system, a robust roll cage design, and the use of LFP batteries, among other innovations that can truly lift up the EV game in public transportation.

What sets eTukTuk apart from other penny cryptocurrency projects is its highly relevant real-world use case. It is one of the few blockchain technology projects that reaches the masses and fulfills the long-standing dream of integrating Web3 into everyday life.

Investors can buy $TUK tokens from their official presale site with discounted prices. The platform has also introduced staking to encourage long-term holding of the tokens, which in turn helps investors to earn passive income.

The price or value of cryptocurrencies can rapidly increase or decrease at any time. You must be satisfied that this crypto offering is suitable for you in light of your financial circumstances and attitude towards risk.

5. Dogecoin (DOGE) – 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.

The live Dogecoin price today is $0.089218 USD with a 24-hour trading volume of $957,336,590 USD. With its dedicated fanbase, Dogecoin will most likely shoot higher in the event of a favorable news event.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

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

Shiba Inu, one of the best crypto meme coins, 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 as the Dogecoin killer by its wild community, 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. The price of Shiba Inu (SHIB) is $0.00000932 today with a 24-hour trading volume of $366,992,036.61.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

7. Safemoon (SMI) – 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 a 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.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

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

AKITA coin was launched anonymously on February 1, 2021 by the developers. 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.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

9. Chiliz – One of the best penny cryptos in the sports industry

Chiliz is an entertainment and sports-oriented cryptocurrency project. Its token was launched in 2018 and is the official cryptocurrency of the Socios platform. Socios is a platform that brings fans together and works in partnership with some of the biggest sports teams in the world.

As a result, fans can buy tokens and voting rights for their favorite teams on Socios. Furthermore, fans who buy these tokens can influence the sports teams they follow. A team can, for example, allow token holders to vote on the design of the jerseys they wear. This kind of blockchain-based sports fan engagement makes Chiliz one of the most promising cryptocurrencies on the market.

.The current CoinMarketCap ranking is #86, with a live market cap of $595,549,943 USD. Chiliz’s price today is US$0.0781 with a 24-hour trading volume of $70.84 M.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

10. REN – One of the best penny crypto under $1 with high potential

REN was launched in 2017 as an open-protocol Ethereum token that allows the transfer of any cryptocurrency token through blockchains, giving users freedom in the transaction. This allows developers to integrate tokens created on other blockchains into their applications.

The team’s goal is to enable people around the world to make secure, fast, and private payments. Ren’s key distinguishing feature from other digital currencies is the Ryo Currency algorithm, a powerful encryption software. Ren has gone through several changes and integrations since its launch in 2017.

In addition, network participants pay the token as a repayable bond. This crypto asset fell to an all-time low of $0.01 in November 2018. Ren then rose to a high of $1.84 in February 2021.

As such, this token appears to be a good investment option for anyone looking for the most promising cryptocurrency worth buying in 2024. With a market cap of $480 million, Ren predicts great growth potential.

Ren has fluctuated between $0.25 and $1 in recent months. However, some market analysts are predicting a price of $1.46 by 2025, which would mean potential gains of over 200% for investors looking to buy Ren today.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

How To Buy Penny Cryptocurrencies at Presale

A lot of the penny cryptos that we have reviewed in this article are available to buy via presale. Investing in a crypto presale requires a DeFi wallet and access to the official presale website. Below is an overview of how to buy penny cryptocurrency at presale.

Step 1 – Download a crypto wallet

The first step to participating in the pre-sale is to download a digital wallet to store your purchased tokens. We recommend using Trust Wallet or MetaMask as they are affordable applications.

Step 2 – Fund the wallet

The next step is to load the wallet with tokens that can be swapped for the presale coin. The tokens that you need will depend on the blockchain that the presale coin is built on.

For example, if you want to buy an ERC20 (Ethereum network) token, you will need to fund your wallet with ETH or USDT. You can buy cryptos from our recommended broker eToro.

Step 3 – Connect your wallet to the pre-sale website

Go to the official website of the token presale and click ‘connect wallet’. Below is an example from the Sponge V2 presale site.

You will then be able to choose which wallet to connect to the presale event.

Step 4 – Swap cryptos for presale tokens

After connecting your wallet, you will be able to swap cryptos for presale tokens. Make sure that you have enough funds in your wallet to cover network fees and always use a secure internet connection when carrying out this process.

In some cases, you may have to wait for the presale to end to claim your tokens. However, other projects provide access to the tokens straight away. When claiming tokens, use the same wallet that you used to buy the presale coins.

Step 5 – Swap or stake your tokens

Once you have claimed your penny tokens, we recommend moving them to a secure crypto wallet. Through your wallet, you will be able to swap the tokens or potentially stake them for passive rewards.

The price or value of cryptocurrencies can rapidly increase or decrease at any time. You must be satisfied that this crypto offering is suitable for you in light of your financial circumstances and attitude towards risk.

Conclusion

Sponge V2 token is the best penny cryptocurrency to consider in 2024 due to the previous success of the SPONGE token. The penny crypto provides investors with a chance to profit from the next 100x pump and use tokens to earn passive staking rewards. Each of the cryptos mentioned in this article is suitable for different types of investors, and you should conduct further research before making any investment decisions.

The best way to buy penny crypto is to use a trusted exchange. However, many penny cryptocurrencies must be purchased via presale or decentralized exchange, which will involve swapping tokens for penny cryptos through a crypto wallet.

The price or value of cryptocurrencies can rapidly increase or decrease at any time. You must be satisfied that this crypto offering is suitable for you in light of your financial circumstances and attitude towards risk.

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